Document:

Exhibit 10.2

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    RIVERVIEW BANCORP, INC.

    

    

    RIVERVIEW COMMUNITY BANK

    

    

    

    

    CHANGE IN CONTROL AGREEMENT

        

    

    FOR

        

        

        ____________

    

    

    

    

    

    

    
      
        

    

    

    

    

    

    RIVERVIEW BANCORP, INC.

    

    

    RIVERVIEW COMMUNITY BANK

    

    

    CHANGE IN CONTROL AGREEMENT

    

    

    FOR

    

    

    ____________

    

    

    
      
        

    

    

    

    

    

    This CHANGE IN CONTROL AGREEMENT (“Agreement”)

        is entered by and between RIVERVIEW BANCORP, INC., a registered savings and loan holding company (“Bancorp”), RIVERVIEW COMMUNITY BANK, a federally chartered
        savings bank (the “Bank”), which is a wholly owned subsidiary of Bancorp (Bancorp and the Bank are collectively referred to as the “Company”), and _____________ (“Executive”), and is dated December 31, 2018 (the “Effective Date”).  The Company and Executive are referred to herein individually as a “Party” and, collectively, as the “Parties.”

    

    

    1.           Term; Extensions.

    

    

    
      
        	

              	(a)	
                Term.  The term of this Agreement begins on the
                    Effective Date and shall continue until the one (1) year anniversary thereof, unless Executive’s employment is terminated earlier (the “Term”).

              

      

    

    

    

    
      
        	

              	(b)	
                Extensions.  At any time during the Term of this
                    Agreement, the Company’s Board of Directors (the “Board”) may elect in writing to extend the Term of this Agreement on the same terms and
                    conditions for one (1) additional year beyond the current Term.  This Agreement may be extended in writing any number of times in the same manner.

              

      

    

    

    

    
      
        	

              	(c)	
                At-Will Employment.  Notwithstanding the Term of this
                    Agreement or anything else contained herein, the Bank employs Executive on an “at will” basis, which means the Company may terminate Executive’s employment at any time for any lawful reason or for no reason at all, subject to the
                    provisions of this Agreement.

              

      

    

    

    

    
      
        	2.	
                Definitions.

              

      

    

    

    

    
      
        	

              	(a)	
                “Cause.”

              

      

    

    

    

    
      
        	

              	(1)	
                Definition.  Cause for termination
                    of employment means the occurrence of any one or more of the following:

              

      

    

    

    

    
      
        	

              	(A)	
                Conviction of any felony, a misdemeanor involving moral turpitude, or of any crime in connection with Executive’s duties;

              

      

    

    

    

    
      
        	

              	(B)	
                Removal of Executive from office or permanent prohibition of Executive from participating in the conduct of the Company’s affairs by an order issued by a bank
                    regulatory authority;

              

      

    

    

    

    
      
        	

              	(C)	
                Conduct involving dishonesty, embezzlement, misappropriation, fraud, or a material breach of a fiduciary duty in the performance of Executive’s duties;

              

      

    

    

    

    
      
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              	(D)	
                Participation in any incident compromising Executive’s reputation and as a consequence materially diminishing Executive’s ability to represent Company with
                    the public;

              

      

    

    

    

    
      
        	

              	(E)	
                Conduct significantly harmful to the Company, including but not limited to public disparagement of the Company or any affiliate of the Company, intentional or
                    reckless violation of law or of any significant policy or procedure of the Company;

              

      

    

    

    

    
      
        	

              	(F)	
                Willful misfeasance, gross negligence, or refusal or failure to act in accordance with any lawful stipulation, requirement or directive of the Board or the
                    Company’s Chief Executive Officer (the “CEO”);

              

      

    

    

    

    
      
        	

              	(G)	
                Material breach of any material obligations under this Agreement or any other written policies or rules of the Company;

              

      

    

    

    

    
      
        	

              	(H)	
                Sexual harassment, as defined by the Company’s internal written policies;

              

      

    

    

    

    
      
        	

              	(I)	
                Willful unauthorized disclosure of trade secrets and Confidential Information (as defined below in Section 5); or

              

      

    

    

    

    
      
        	

              	(J)	
                Chronic drug or alcohol abuse to an extent that materially impairs Executive’s performance of Executive’s duties.

              

      

    

    

    

    
      
        	

              	(2)	
                Procedure for Termination for Cause.  Termination for Cause will be automatic upon the occurrence of an incident under Subsections (2)(a)(1)(A) or (B) above.  Otherwise,
                    the Board may not terminate Executive’s employment for Cause unless:

              

      

    

    

    

    
      
        	

              	(A)	
                With respect to incidents under Subsections (2)(a)(1)(C), (D), (E), (F), (G), (H), (I), or (J):

              

      

    

    

    

    
      
        	

              	(i)	
                Executive is given reasonable written notice (in no event less than five (5) business days’ notice) of the Board meeting called to make that determination;
                    and

              

      

    

    

    

    
      
        	

              	(ii)	
                Executive and Executive’s legal counsel are given the opportunity to address the incident(s) at that meeting.

              

      

    

    

    

    
      
        	

              	(B)	
                In addition, with respect to incidents under Subsections 2(a)(1)(F) or (G) only, Executive is first given:

              

      

    

    

    

    
      
        	

              	(i)	
                Written notice by the Board or CEO specifying in detail the performance issues; and

              

      

    

    

    

    
      
        	

              	(ii)	
                A reasonable opportunity to cure the issues specified in the notice; provided, however, if Company reasonably expects irreparable injury from a delay in
                    termination, Company may terminate Executive without an opportunity to cure.

              

      

    

    

    

    
      
        	

              	(iii)	
                If an opportunity to cure is provided, Company’s Board shall also determine, in its sole discretion, whether Executive has in fact cured

              

      

    

    

    

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              the cause and done so in a timely manner.

            

    

    

      

    
      	

            	(b)	
              “Good Reason."

                  

            

    

    

    

    
      
        	

              	(1)	
                Definition.  Subject to Subsection
                    (2) below, Good Reason for Executive’s resignation means any one or more of the following occurring without Executive’s consent:

              

      

    

    

    

    
      
        	

              	(A)	
                A material reduction of Executive’s base salary as in effect immediately prior to the Change in Control (as defined in Subsection 2(c) below);

              

      

    

    

    

    
      
        	

              	(B)	
                A relocation or transfer of Executive’s principal place of employment that would require Executive to commute on a regular basis more than twenty-five (25)
                    miles each way from the main business office of the Company as of the Effective Date of this Agreement or outside the State of Washington;

              

      

    

    

    

    
      
        	

              	(C)	
                A change in Executive’s position of employment such that Executive’s authority, duties or responsibilities are materially changed; or

              

      

    

    

    

    
      
        	

              	(D)	
                Any other action or inaction that constitutes a material breach of this Agreement by Company.

              

      

    

    

    

    
      
        	

              	(2)	
                Procedure for Resignation for Good Cause.  To resign for “Good Reason,” Executive must give the Company:

              

      

    

    

    

    
      
        	

              	(A)	
                Written notice of the intended resignation and a detailed description of the Good Reason not more than thirty (30) days after Executive becomes aware of the
                    initial existence of the Good Reason; and

              

      

    

     

    

    

    

    
      
        	

              	(B)	
                A reasonable opportunity of at least thirty (30) days in which to cure those circumstances.

              

      

    

    

    

    
      
        	

              	(C)	
                Good Reason shall not exist if Executive (a) fails to provide such notice within
                      the thirty (30) day notice period, or (b) the Company cures the specified condition within the thirty (30) day cure period.

              

      

    

    

    

    
      
        	

              	(c)	
                “Change in Control” means the occurrence of any of the following:

              

      

    

    

    

    
      
        	

              	(1)	
                Bank or Bancorp merges or consolidates with another entity and, as a result, less than 51% of the combined voting power of the resulting entity immediately
                    after the merger or consolidation is held by persons who were the holders of Bank or Bancorp’s voting securities immediately before the merger or consolidation.  A Change of Control will be deemed to occur on the date the applicable
                    transaction closes;

              

      

    

    

    

    
      
        	

              	(2)	
                Any person, entity, or group of persons or entities, other than through merger or consolidation, acquires a majority of the Bank or Bancorp’s outstanding
                    common stock or substantially all of the Bank’s or Bancorp’s assets; provided, that, a Change in Control shall not occur if any person, entity, or group already owns more than a majority of the Bank or Bancorp’s outstanding common stock
                    and acquires additional stock.  A Change of Control will be deemed to occur on the date that any person, entity, or group first becomes the majority owner of the Bank or Bancorp’s

              

      

    

    

    

    
      
        
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                  common stock or acquires substantially all of the Bank’s or Bancorp’s assets;

                

        

         

        

        	

              	(3)	
                A majority of the members of the Board are replaced during any twelve-month period by directors whose appointment or election is not endorsed by a majority of
                    the Board before the date of appointment or election.  A Change in Control will be deemed to occur on the date members of the incumbent board first cease to constitute at least a majority of the Board; or

              

      

    

    

    

    
      
        	

              	(4)	
                Approval by Bancorp’s or the Bank’s shareholders of the Bank’s complete liquidation, dissolution or sale to another entity.  A Change of Control will be
                    deemed to occur on the date the applicable transaction closes.

              

      

    

    

    

    
      
        	3.	
                Change in Control Benefits.

              

      

    

    

    

    
      
        	

              	(a)	
                Benefit Entitlement and Amount.

              

      

    

    

    

    
      
        	

              	(1)	
                Double Trigger.  Subject to the limitations under
                    Subsection 3(a)(2) below, if Executive’s employment with the Bank is: (i) terminated by the Company without Cause or is terminated by Executive with Good Reason; and (ii) the Executive’s employment termination takes place within the
                    time period of six (6) months prior to a Change in Control and twenty-four (24) months after a Change in Control (the “Change in Control Window”),

                    the Company shall pay Executive a severance benefit (the “Change in Control Benefit”) equal to:

              

      

    

    

    

    
      
        	

              	(A)	
                _______________ years of Executive’s annual base salary (based on the higher of Executive’s base salary as of the Change in Control or as of the date of
                    termination of employment);

              

      

    

    

    

    
      
        	

              	(B)	
                ________________ years of Executive’s target annual incentive compensation (based on the higher of the Executive’s target annual incentive compensation for
                    the year in which the Change in Control occurs or as of the date of the termination of employment);

              

      

    

    

    

    
      
        	

              	(C)	
                Any unpaid incentive compensation earned from the Company’s Annual Incentive Plan and/or any successor incentive compensation plans (“Incentive Compensation”) based upon the fiscal year that ended immediately before the date of the termination;

              

      

    

    

    

    
      
        	

              	(D)	
                Prorated Incentive Compensation for the fiscal year in which the termination occurs based on the Executive’s target annual Incentive Compensation through the
                    month ended before the date of termination; and

              

      

    

    

    

    
      
        	

              	(E)	
                If Executive timely and properly elects health continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 or any applicable state
                    health insurance continuation law (“COBRA”), the Company shall directly pay or reimburse Executive for the monthly COBRA premium paid by
                    Executive for Executive and Executive’s dependents.  Executive shall be eligible to receive such reimbursement until the earliest of: (i) the eighteen (18) month anniversary of the date Executive’s employment is terminated; (ii) the
                    date the Executive is no longer eligible to receive COBRA continuation coverage; or (iii) the date on which Executive becomes eligible to receive substantially similar coverage

              

      

    

    

    

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              from another employer or other source.  Notwithstanding the foregoing, if the Company’s payments under this Section 3(a)(1)(E) would violate the
                  nondiscrimination rules applicable to non-grandfathered plans under the Affordable Care Act (the “ACA”), or result in the imposition of penalties
                  under the ACA and the related regulations and guidance promulgated thereunder, the Parties agree to reform this Section 3(a)(1)(E) in a manner as is necessary to comply with the ACA.

            

    

     

      

    In addition to the payments set forth above, all stock options and restricted stock shall become
        one-hundred percent (100%) vested.

    

    

    
      
        	

              	(2)	
                Code Section 280G.

              

      

    

    

    

    
      
        	

              	(A)	
                Reduction.  Notwithstanding any
                    other provision of this Agreement or any other plan, arrangement or agreement to the contrary, if any of the payments or benefits provided or to be provided by the Company or its affiliates to the Executive or for the Executive's
                    benefit pursuant to the terms of this Agreement or otherwise ("Covered Payments") constitute parachute payments ("Parachute Payments") within the meaning of Section 280G of Internal Revenue Code of 1986, as amended (the “Code”), but for this Subsection 3(a)(2), be subject to the excise tax imposed under Section 4999 of the Code (or any successor provision thereto) or any similar tax imposed by state or local law or any
                    interest or penalties with respect to such taxes (collectively, the "Excise Tax"), then the Covered Payments shall be reduced to the minimum
                    extent necessary to ensure that no portion of the Covered Payments is subject to the Excise Tax.

              

      

    

    

    

    
      
        	

              	(B)	
                Order of Reduction.  Any such
                    reduction shall be made in accordance with Section 409A of the Code and the following:

              

      

    

    

    

    
      
        	

              	(i)	
                The Covered Payments which do not constitute nonqualified deferred compensation subject to Section 409A of the Code shall be reduced first; and

              

      

    

    

    

    
      
        	

              	(ii)	
                All other Covered Payments shall then be reduced as follows: (i) cash payments shall be reduced before non-cash payments; and (ii) payments to be made on a
                    later payment date shall be reduced before payments to be made on an earlier payment date.

              

      

    

    

    

    
      
        	

              	(C)	
                Determinations.  Any determination
                    required under this Subsection, including whether any payments or benefits are Parachute Payments, shall be made by the Company in its sole discretion. The Executive shall provide the Company with such information and documents as the
                    Company may reasonably request in order to make a determination under this Subsection. The Company's determination shall be final and binding on the Executive.

              

      

    

    

    

    
      
        	

              	(3)	
                The Change in Control Benefit shall be subject to any withholding and payroll deduction requirements.

              

      

    

    

    

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            	(b)	Payment

                  of Benefit.

    

    

    

    
      
        	

              	(1)	
                Payment Timing.  Subject to Subsection 3(b)(2) below,
                    the Change in Control Benefit under Subsection 3(a)(1)(A), (B), (C), and (D) will be paid in a lump sum within thirty (30) days of termination of Executive’s employment during the Change in Control Window or, if later, within seven (7)
                    days after the expiration of the Separation Agreement’s revocation period as described in Section 4(a) below.  If the combined consideration and revocation periods (as defined in Sections 14 and 15 of the Separation Agreement) overlap
                    two calendar years, the payment will be made in the later of the two years (irrespective of the year in which the Separation Agreement is effective and irrevocable) resulting in taxation to Executive in the second calendar year.  The
                    COBRA benefit will be paid as described under Subsection 3(a)(1)(E).

              

      

    

    

    

    
      
        	

              	(2)	
                Section 409A Compliance.  If the Change in Control
                    Benefit is subject to § 409A of the Code and Executive is deemed to be a “specified employee” within the meaning of Code Section 409A(a)(2)(B)(i), the lump-sum payment will not be made until the seventh month following termination of
                    employment.

              

      

    

    

      	4.	
              Limitations on Change in Control Benefits.

            

    

    

    

    
      
        	

              	(a)	
                Release of Claims.  Executive’s receipt of the Change
                    in Control Benefit and the additional benefits under Section 3 is conditioned on Executive having executed a separation agreement in substantially the form attached hereto as Exhibit A (the “Separation Agreement”) and the revocation period having expired without revocation.  Executive must execute the Separation Agreement and the revocation period must expire within sixty
                    (60) days of the date of Executive’s termination of employment with Company.

              

      

    

    

    

    
      
        	

              	(b)	
                Compliance with Material Terms.  Receipt of the Change
                    in Control Benefit is further conditioned on Executive not being in violation of any material term of this Agreement, including without limitation the restricted covenants in Section 5, or in violation of any material term of the
                    Separation Agreement.

              

      

    

    

    

    
      
        	

              	(c)	
                Regulatory Limitation.  Notwithstanding the foregoing,
                    the Company shall make no payment of any benefit provided for under this Agreement to the extent that the payment would be prohibited by applicable banking regulations or any regulatory order.  If such payment is so prohibited, the
                    Company shall use its best efforts to secure the consent of the banking regulator to make the payments in the highest amount permissible, up to the amount provided for in this Agreement.

              

      

    

    

    

    
      
        	5.	
                Restrictive Covenants.

              

      

    

    

    

    
      
        	

              	(a)	
                Confidential Information.

              

      

    

    
      
        	

              	(1)	
                Executive’s Obligations.  For an indefinite period, Executive shall protect and preserve as confidential all of Company’s Confidential Information (defined below in Subsection 5(a)(2)) at any time known to
                      Executive or in Executive’s possession or control with not less than the diligence, care and effort which a prudent owner would use to protect his or her own most sensitive information.  Executive shall neither disclose to third
                      parties, use, nor allow others to use any Confidential Information for any purpose other than for the sole benefit of Company and as specifically approved in writing in advance by Company’s Board in each instance.

              

      

    

    
      
        
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                  Executive acknowledges and agrees that the covenants contained in this
                        Subsection 5(a) shall supplement, rather than replace or contradict, any other rights or remedies that Company may have under applicable law.  If a dispute arises, Executive has the burden to show that information is not Company’s
                        Confidential Information.  If anyone tries to compel Executive to disclose any of Company’s Confidential Information by subpoena or otherwise, Executive will promptly notify the Board or the CEO so that Company may take any actions
                        it deems necessary to protect its interests.

                

        

         

        

        	

              	(2)	
                Definition of Confidential Information.  “Confidential
                    Information” means information which (a) derive independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from
                    its disclosure or use; and (b) are the subject of efforts that are reasonable under the circumstances to maintain their secrecy.  Confidential Information also includes proprietary or secret information belonging to Company that was
                    disclosed to or known by Executive as a consequence of Executive’s employment with Company and not otherwise publicly known, whether or not received prior to the Effective Date, whether or not marked confidential or labeled as
                    Confidential Information, and whether or not considered a trade secret under applicable law.  Confidential Information may consist of verbal, written, or electronically stored information, and may be tangible or merely remembered.

              

      

    

    

    

    
      
        	

              	(A)	
                Examples of Confidential Information.  Company provides the following list of Confidential Information by way of example, but this list is not intended to be exhaustive: inventions; technical
                      information; algorithms, designs, concepts, systems, techniques, methods, models, procedures, or processes; know-how or methodologies; manuals, contracts, or reports; purchasing or accounting information; regulatory information and
                      communications related thereto; financial history or projections; legal affairs; formulae; compositions; software or computer programs; research projects; business modes and information; the identity of all vendors, vendor lists, and
                      vendor contact information; the identity of customers, customer lists, and customer contact information; pricing data; financial data; sources of supply; marketing plans and/or strategies, including price strategies, marketing, sales,
                      technology, research and development, production, or merchandising systems or plans; and information pertaining to any aspect of any activity or business of Company or its vendors, suppliers, distributors or customers, including
                      information entrusted to Company by third parties (including vendors, customers and prospective vendors or customers), or any trade secrets, proprietary or confidential matter of Company or of such third parties.

              

      

    

    
      
        	

              	(B)	
                Excluded Confidential Information.  Confidential Information does not include information that Executive can
                      prove (a) was known by or in the possession of Executive prior to employment with Company through means other than as a result of past relationships or business dealings between Executive and Company or its vendors, suppliers or
                      customers; (b) consists in whole or in part of any Prior Intellectual Property (defined below in Section 6); or (c) is known to or readily discoverable by others not under an obligation of confidentiality.

              

      

    

    
      
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              	(C)	
                DTSA Disclosure.  Pursuant to the Defend Trade Secrets
                    Act of 2016, Executive will not have criminal or civil liability under any federal or state trade secret law for the disclosure of a trade secret that (A) is made (i) in confidence to a federal, state, or local government official,
                    either directly or indirectly, or to an attorney and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such
                    filing is made under seal.  In addition, if Executive files a lawsuit for retaliation against the Company for reporting a suspected violation of law, Executive may disclose the trade secret to Executive’s attorney and may use the trade
                    secret information in the court proceeding, if Executive files any document containing the trade secret under seal and does not disclose the trade secret, except pursuant to court order.

              

      

    

    
      
        	

              	(b)	
                Nonsolicitation.

              

      

    

    
      
        	

              	(1)	
                During employment and for a one-year period following termination of Executive’s employment for any reason whatsoever, Executive will not, directly or
                    indirectly, solicit, call on, induce or encourage Customers or Business Partners (defined below) to terminate or limit their relationship with Company or to
                      send their business elsewhere or assist any person, group or entity in doing so or attempting to do so.

              

      

    

    
      
        	

              	(2)	
                “Customers” are:

              

      

    

    
      
        	

              	(A)	
                All customers serviced by the Company or any of the Company’s affiliates at any time within 12 months before the date of termination of Executive’s
                    employment;

              

      

    

    
      
        	

              	(B)	
                All customers and potential customers whom the Company or the Company’s affiliates, with the knowledge or participation of Executive, actively solicited at
                    any time during the 12 months before the termination of Executive’s employment; and

              

      

    

    
      
        	

              	(C)	
                All successors, owners, directors, partners and management personnel of the Customers described in Subsection (A) or (B) above.

              

      

    

    

    

    
      
        	

              	(3)	
                “Business Partners” are suppliers, vendors, investors, financial
                    institutions, and other persons and entities with whom Company currently conducts or has conducted business during the 12 months prior to Executive’s termination of employment.

              

      

    

    

    

    
      
        	

              	(c)	
                Nonraiding of Employees.

              

      

    

    

    

    
      
        	

              	(1)	
                Executive recognizes that the workforce of the Company and its affiliates are a vital part of the Company’s business.  Therefore, Executive agrees that, for
                    12 months following termination of Executive’s employment for any reason whatsoever, Executive will not directly or indirectly recruit or solicit any Company Employee to: (i) breach or modify any provision of such employee’s employment
                    agreement with Company; (ii) reduce or change the quality or quantity or availability of such employee’s services to Company; or (iii) terminate such employee’s employment with Company or any Company Party.  Executive also agrees not to
                    disclose or identify any Company employee as a potential candidate to a third party; however, this does not restrict general solicitations, such as
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                  so long as those solicitations are not specifically directed to individuals who
                        are known to be currently employed by Company.  For purposes of this Subsection, “Company Employees” means all employees working for the Company as of the date of Executive’s termination from Company.

                

        

         

        

        	

              	(d)	
                Injunctive Relief.  Executive acknowledges that it is
                    impossible to measure in money the damages that the Company will incur if Executive fails to observe the covenants in this Section 5 (the “Restrictive Covenants”) and, therefore, the Executive agrees that:

              

      

    

    
      
        	

              	(1)	
                The Company shall be entitled to an injunction, restraining order or such other equitable relief (without the requirement to post bond) restraining Executive
                    from committing any breach or threatened breach of the Restrictive Covenants;

              

      

    

    
      
        	

              	(2)	
                If the Company is required to post a bond in order to secure an injunction or other equitable remedy, that bond shall be no more than a nominal amount;

              

      

    

    
      
        	

              	(3)	
                Executive waives any claim or defense that an adequate remedy at law is available to the Company; and

              

      

    

    
      
        	

              	(4)	
                These injunctive remedies are cumulative and are in addition to any other rights and remedies the Company may have at law or in equity.

              

      

    

    
      
        	

              	(e)	
                Reasonableness.  The parties agree that:

              

      

    

    
      
        	

              	(1)	
                This Agreement in its entirety, and in particular the Restrictive Covenants, is reasonable both as to time and scope;

              

      

    

    
      
        	

              	(2)	
                The Restrictive Covenants are necessary for the protection of the Company’s business and goodwill;

              

      

    

    
      
        	

              	(3)	
                The Restrictive Covenants are not any greater than are reasonably necessary to secure the Company’s business and goodwill;

              

      

    

    
      
        	

              	(4)	
                The degree of injury to the public due to the loss of the service and skill of Executive or the restrictions placed upon Executive’s opportunity to make a
                    living with Executive’s skills upon enforcement of those covenants, does not and will not warrant non-enforcement of those restraints; and

              

      

    

    
      
        	

              	(5)	
                If the scope of the Restrictive Covenants is adjudged too broad to be capable of enforcement, then the parties authorize that court or arbitrator to narrow
                    the Restrictive Covenants so as to make them capable of enforcement, given all relevant circumstances, and to enforce them to the fullest extent allowed.

              

      

    

    
      
        	

              	(f)	
                Survival.  This Section shall survive the termination
                    of this Agreement.

              

      

    

    
      
        	6.	
                Protection of Intellectual
                        Property.

              

      

    

    
      
        	

              	(a)	
                Company’s Ownership.  Company owns all Inventions and Works (as defined below in Subsection 6(b)) that Executive makes, conceives, develops, discovers, reduces to practice or fixes in a tangible medium of
                      expression, alone or with others, either (a) during Executive’s employment by Company (including past and future employment, and whether or not during working hours), or (b) within one (1) year after the termination of
                    Executive’s employment in each case, if the Invention or Works results from any work Executive

              

      

    

    
      
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                  performed for Company or involves the use or assistance of Company’s
                        facilities, equipment, materials, personnel or Confidential Information.  If Executive has any pre-existing Invention or Work that Executive
                        requests to exclude from Company ownership (“Prior
                          Intellectual Property”), Executive shall make full written disclosure to Company by submitting an attachment to this Agreement listing the
                        Prior Intellectual Property (the “Prior Intellectual Property Disclosure”).  If Executive does not attach a Prior Intellectual Property Disclosure to this Agreement, Executive represents and warrants that Executive owns no Prior Intellectual Property that Executive requests to exclude
                        from Company ownership.

                

        

         

        

        	

              	(b)	
                Definitions of Invention and Works.  “Inventions” means discoveries, developments, concepts, ideas, improvements to existing technology, processes, procedures, machines, products, compositions of
                      matter, trade secrets, formulas, algorithms, computer programs and techniques, custom software, and all other matters ordinarily intended by the word “invention,” whether or not patentable or copyrightable.  “Inventions” also includes
                      all records and expressions of those matters. “Works” means original works of authorship, including interim work product, modifications and derivative works, and all similar matters, whether or not copyrightable.

              

      

    

    
      
        	

              	(c)	
                Disclosure and Assignment.  Executive will promptly
                    disclose to Company, will hold in trust for Company’s sole benefit, will assign to Company, and hereby does assign to Company all Inventions and Works described in Subsections 6(a) and 6(b), including all copyrights, patent rights, and
                    trade secret rights, vested and contingent, except those pre-existing Inventions identified on the Prior Intellectual Property Disclosure.  To the extent that such Inventions and Works may be considered “works made for hire” under the
                    copyright act, they are hereby agreed to be works made for hire; otherwise, Executive hereby irrevocably assigns and conveys all such rights, title and interest to Company, subject to no liens, claims or reserved rights.  Executive will
                    waive and hereby does waive any moral rights Executive has or may have in the Inventions and Works described in Subsections 6(a) and
                    6(b).  Executive further agrees that if the foregoing waiver is not effective, Executive agrees not to assert any such moral rights.  To the extent that Executive cannot assign the rights contemplated in Subsections 6(a) and 6(b),
                    including moral rights, Executive hereby grants to Company a fully-paid, royalty free, worldwide, perpetual, exclusive license to use, create and own derivative works of and otherwise exploit such rights.  At Company’s direction and
                    expense, Executive will execute all documents and take all actions necessary or convenient for Company to document, obtain, maintain or assign its rights to these Inventions and Works.  Company shall have full control over all
                    applications for patents or other legal protection of these Inventions and Works.

              

      

    

    
      
        	

              	(d)	
                Disclaimer Regarding Inventions Developed Entirely on
                      Executive’s Own Time.  Pursuant to RCW 49.44.140(3), Subsection 6(c) of this Agreement regarding the assignment of certain inventions to Company does not apply to an Invention for which no equipment, supplies, facilities, or
                    trade secret information of Company was used and which was developed entirely on Executive's own time, unless (a) the Invention relates (i) directly to Company’s business, or (ii) to Company’s actual or demonstrably anticipated research
                    or development, or (b) the Invention results from any work performed by Executive for Company.

              

      

    

    10

    

    
      
        

    

    
      
        	7.	
                Return of Company Property.  Executive will safeguard and return to Company when
                      Executive’s employment ends, or sooner if Company requests, all documents and property in Executive’s care, custody or control relating to Executive’s employment or Company’s business and customers (including but not limited to
                      Confidential Information (defined above), keys, pass cards, identification cards ), or any reproductions thereof, whether such information is reduced to writing, existing in hard copies or electronic form, and whether residing on
                      Company’s computers, Executive’s own personal computer, laptop, tablet, or mobile device, or other electronic media used for Company business.  After employment ends, or sooner if Company requests, Executive must disclose all computer
                      user identifications and passwords used by Executive in the course of employment or necessary for accessing information on the Company’s computer system, and Executive will not retain copies of any Confidential Information or other
                      materials belonging to Company unless expressly authorized in writing by Company.  The obligations in this Section include the return of documents and other materials that may be in Executive’s desk at work, Executive’s car or
                    place of residence, or in any other location under Executive’s control.

              

      

    

    
      
        	8.	
                Dispute Resolution.

              

      

    

    
      
        	

              	(a)	
                Arbitration.

              

      

    

    
      
        	

              	(1)	
                The parties agree to submit any dispute arising under this Agreement or Executive’s employment with Company, regardless of the nature of the dispute or the
                    legal concepts involved, to final, binding, and private arbitration. Disputes subject to arbitration include not only disputes involving the negotiation, meaning, or performance of this Agreement, but also claims Executive may have
                    against Company, Company’s affiliates, or against any of their officers, directors, supervisors, managers, employees or agents for violation of any federal, state, or local statute arising out of Executive’s employment relationship with
                    Company.  Executive and Company intend and agree that class action and representative action procedures are hereby waived and shall not be asserted, nor will they apply, in any arbitration pursuant to this Agreement.  The Parties also
                    agree that the following claims are not subject to arbitration: (a) claims that cannot be subject to arbitration as a matter of law; (b) claims for workers’
                      compensation or unemployment compensation; and (c) claims under an employee benefit or pension plan that specifies a different procedure.

              

      

    

    
      
        	

              	(2)	
                All claims subject to arbitration shall be settled by final and binding arbitration in accordance with the employment dispute resolution rules of the American
                    Arbitration Association (“AAA”) in effect at the time the demand for arbitration is made (“Rules and Procedures”), which are available online at https://www.adr.org/sites/default/files/Employment%20Rules.pdf. Accordingly, the Parties are not permitted to pursue court action regarding
                    claims that are subject to arbitration.  Such arbitration shall be filed with the AAA and shall be heard before a single neutral arbitrator who is experienced in employment law, who shall be selected as provided in AAA’s Rules and
                    Procedures.  The aggrieved Party must file the arbitration complaint with AAA and provide all other parties against whom or which a claim is brought written notice no later than the expiration of the statute of limitations that the law
                    prescribes for the claim.  Otherwise, the claim shall be deemed waived.  The arbitration complaint and written notice must identify and describe all claims, the facts upon which such claims are based, and the relief or remedy sought. 
                    Any arbitration shall be heard in Vancouver, Washington; provided, however, if arbitration in Vancouver, Washington is impractical because Executive’s employment for Company is located more than 100 miles from 

                  

              

      

    

    
      
         11

        

        
          
            

        

        
          	

                	

                	
                  Vancouver, Washington, the arbitration may be held in the county and state where Executive last worked during Executive’s employment for Company.

                

        

         

        

        	

              	(3)	
                Company shall be responsible for the arbitrator’s fees and expenses in excess of any reasonable filing fee with the AAA; provided, however, each party shall
                    pay its own costs and attorneys’ fees, if any.  The arbitrator shall issue a written decision that contains the essential findings and conclusions on which the decision is based.  The arbitrator’s decision shall be final, binding and conclusive upon the Parties.  Suit may be brought to compel arbitration or to enforce any arbitration award in a court of competent jurisdiction.

              

      

    

    
      
        	

              	(4)	
                Neither this agreement to arbitrate nor any demand for arbitration shall waive or otherwise affect Company’s right to obtain any provisional remedy,
                    including, without limitation, injunctive relief for unfair competition, the use or unauthorized disclosure or misappropriation of trade secrets, the disclosure of any other Confidential Information or the violation of the
                    confidentiality or other provisions of Section 5 of this Agreement.  This Agreement also does not prohibit Executive from filing an administrative charge or complaint with any governmental agency.

              

      

    

    
      
        	9.	
                Miscellaneous.

              

      

    

    

    

    
      	
              (a)

            	
              Notices. 

                  Any notice to be delivered under this Agreement shall be given in writing and shall be deemed delivered three days after mailing by certified mail, postage prepaid, addressed to the Company’s Chair of the Board or to Executive at
                  Executive’s last known address on the record of the Company.  Either party may designate an address for notices by written notice to the other.

            

    

    

    

    
      
        	

              	(b)	
                Governing Law; Venue & Jurisdiction.  Executive acknowledges that Company maintains its headquarters in Vancouver, Washington.  The Parties therefore agree that this Agreement shall be governed by and
                      construed in accordance with the laws of the State of Washington, without giving effect to the rules governing the conflicts of laws, and without the aid of any canon, custom, or rule of law requiring construction against the drafter,
                      and regardless of whether a party changes domicile or residence.  Executive hereby waives the right to argue to the contrary.  In the event such election is invalid, then the court shall apply the law of the state or states in which
                      Executive performs services for Company.  Executive consents to the exercise of personal jurisdiction by a court of competent jurisdiction in the State of Washington and agrees that venue for any action not subject to arbitration
                      shall be in Clark County, Washington, and hereby waives the right to argue to the contrary.

              

      

    

    

    

    
      
        	

              	(c)	
                Amendment/Waiver.

              

      

    

    
      
        	

              	(1)	
                This Agreement may not be amended, released, discharged, abandoned, changed, or modified in any manner, except by an instrument in writing signed by each of
                    the Parties hereto.

              

      

    

    
      
        	

              	(2)	
                The failure of any Party to enforce at any time any of the provisions of this Agreement shall in no way be construed to be a waiver of any such provision, nor
                    in any way to affect the validity of this Agreement or any part of it or the right of any Party to enforce each and every such provision. No waiver or any breach of this Agreement shall be held to be a waiver of any other or subsequent
                    breach.

              

      

    

    
      
         12

        

        
          
            

        

        	

              	(d)	
                Severability.  If any provision of this Agreement is
                    held by a court or arbitrator to be invalid or unenforceable, the remaining provisions shall continue to be fully effective.  If any part of this Agreement is held to be unenforceable as written, it shall be enforced to the maximum
                    extent allowed by applicable law.  The unenforceability of any provision in this Agreement in any jurisdiction shall not affect the enforceability of any provision of this Agreement in any other jurisdiction.

              

      

    

    
      
        	

              	(e)	
                Entire Agreement.  This Agreement represents the entire
                    agreement between the Parties regarding the matters addressed in this Agreement.  This Agreement supersedes any other prior oral or written employment agreements between the Parties.  Provided, however, this Agreement does not supersede
                    any incentive compensation agreement (including stock option or other equity incentive agreements)

              

      

    

    
      
        	

              	(f)	
                Code Section 409A Compliance.  For purposes of this
                    Agreement, a termination of employment will be determined consistent with the rules relating to a “separation from service” as defined in Section 409A of the Code and the regulations thereunder (“Section 409A”).  The Parties intend that
                    this Agreement, to the extent possible, will be administered in accordance with Section 409A and the Treasury Regulations and other applicable regulatory guidance issued thereunder, and will be interpreted in a manner so that no
                    payments made to Executive under this Agreement constitute a deferral of compensation or, if so, will constitute a deferral for which the payment and other terms are compliant with Section 409A so as to avoid imposition of any
                    additional tax to Executive under Section 409A.  Company makes no representation or warranty as to compliance with Section 409A and shall have no liability to the Executive or any other person for any adverse consequences arising under
                    Section 409A.  Notwithstanding anything else provided herein, to the extent any payments provided under this Agreement in connection with Executive’s termination of employment constitute deferred compensation subject to Section 409A,
                    and Executive is deemed at the time of such termination of employment to be a “specified Executive” under Section 409A, then such payment shall not be made or commence until the earlier of (i) the expiration of the 6-month period
                    measured from Executive’s separation from service from Company or (ii) the date of Executive’s death following such a separation from service; provided, however, that such deferral shall only be effected to the extent required to avoid
                    adverse tax treatment to Executive including, without limitation, the additional tax for which Executive would otherwise be liable under Section 409A(a)(1)(B) in the absence of such a deferral.  The first payment thereof will include a
                    catch-up payment covering the amount that would have otherwise been paid during the period between Executive’s termination of employment and the first payment date but for the application of this provision, and the balance of the
                    installments (if any) will be payable in accordance with their original schedule.

              

      

    

    (g)          Assignment; Death; Binding Effect.

    
      
        	

              	(1)	
                Executive shall not assign or transfer any of Executive’s rights under this Agreement, wholly or partially, to any other person or to delegate the performance
                    of the Executive’s duties under the terms of this Agreement.

              

      

    

    
      
        	

              	(2)	
                Upon Executive’s death, no death benefit is payable under this Agreement other than benefits that were already in pay status at the date of death. 
                    Executive’s rights under this Agreement with respect to any benefits earned before the date of death shall inure to Executive’s heirs, executors, administrators or personal representatives.

              

      

    

    
      
         

          13

        
          
            

        

        	

              	(3)	
                The rights and obligations of the Company under this Agreement shall inure to the benefit of and be binding in each and every respect upon the direct and
                    indirect successors and assigns of the Company, regardless of the manner in which the successors or assigns succeed to the interests or assets of the Company.  This Agreement shall not be terminated by the voluntary or involuntary
                    dissolution of the Company, by any merger, consolidation or acquisition where the Company is not the surviving corporation, by any transfer of all or substantially all of the Company’s assets, or by any other change in the Company’s
                    structure or the manner in which the Company’s business or assets are held.  Executive’s employment shall not be deemed terminated upon the occurrence of one of the foregoing events. In the event of any merger, consolidation or sale or
                    transfer of assets, this Agreement shall be binding upon and shall inure to the benefit of the surviving business or the business entity to which the assets are transferred.

              

      

    

    
      
        	

              	(h)	
                Survival.  If any benefits provided to Executive under
                    this Agreement are still owed, or claims under the Agreement are still pending at the time of termination of this Agreement, this Agreement shall continue in force with respect to those obligations or claims, until those benefits are
                    paid in full or those claims are resolved in full.  The covenants in Section 5 and Section 6, and the dispute resolution provisions in Section 8 of this Agreement shall survive the termination of this Agreement and shall be enforceable
                    regardless of any claim Executive may have against the Company.

              

      

    

    
      
        	

              	(i)	
                Board of Director’s Authority.

              

      

    

    

    

    
      
        	

              	(1)	
                Bancorp’s Board of Directors has the authority to interpret and construe the provisions of this Agreement, including the attached Separation Agreement.

              

      

    

    

    

    
      
        	

              	(2)	
                Bancorp’s Board of Directors has the authority to decide matters relating to termination for Cause or Good Reason, the violation of the Restrictive Covenants
                    and the calculation of benefits.

              

      

    

    

    

    
      
        	

              	(3)	
                In a decision under Subsection (1) or (2) above, the burden of proof shall be on that Board of Directors and that decision shall be:

              

      

    

    

    

    
      	

            	(A)	
              Subject to the duty of good faith and fair dealing;

            

    

    

    

    
      	

            	(B)	
              Supported by clear and convincing evidence; and

            

    

    

    

    
      
        	

              	(C)	
                Made by the affirmative vote of at least three fourths of that Board of Directors.

              

      

    

    

    

    
      
        	

              	(4)	
                An arbitrator or a court reviewing such a decision by that Board of Directors shall make its own independent decision and not grant deference to the that
                    Board of Director’s decision.

              

      

    

    

    

    
      	

            	(j)	
              Joint and Several Obligation.  Bancorp and the Bank will
                  be jointly and severally liable for the payment obligations under this Agreement.

            

    

    

    

    
      
        	

              	(k)	
                Actions by Banking Regulatory Authorities.

              

      

    

    

    

    
      
        	

              	(1)	
                If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Company’s affairs by a notice served under Section 8(e)(3) or
                    (g)(1)

              

      

    

    

    

    
      
        
           14

          

          
            
              

          

          	

                	

                	
                  of the FDIA, 12 U.S.C. § 1818(e)(3) and (g)(1), the Company’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 Company may in its discretion:

                

        

         

        

        	

              	(A)	
                Pay Executive all or part of the payments under this Agreement that were withheld while its obligations under this Agreement were suspended; and/or

              

      

    

    

    

    
      
        	

              	(B)	
                Reinstate in whole or in part any of its obligations which were suspended.

              

      

    

    

    

    
      
        	

              	(2)	
                If Executive is removed and/or permanently prohibited from participating in the conduct of the Company’s affairs by an order issued under Section 8(e)(4) or
                    (g)(1) of the FDIA, 12 U.S.C. § 1818(e)(4) and (g)(1), Executive shall be terminated for Cause as of the effective date of the order.

              

      

    

    

    

    
      
        	

              	(3)	
                If the Company is in default (as defined in Section 3(x)(1) of the FDIA, 12 U.S.C. § 1813(x)(1)), all further obligations under this Agreement shall terminate
                    as of the date of default.

              

      

    

    

    

    
      
        	

              	(4)	
                This Agreement may be terminated entirely or suspended for a period of time by the applicable banking regulatory authority, or as otherwise required by law,
                    if:

              

      

    

    

    

    
      
        	

              	(A)	
                The Federal Deposit Insurance Corporation (“FDIC”) enters into an
                    agreement to provide assistance to or on behalf of the Company under the authority contained in Section 13(c) of the FDIA, 12 U.S.C. § 1823(c);

              

      

    

    

    

    
      
        	

              	(B)	
                The applicable banking regulatory authority approves a supervisory merger to resolve problems related to the operation of the Company; or

              

      

    

    

    

    
      
        	

              	(C)	
                The applicable banking regulatory authority determines the Company is in an unsafe or unsound condition.

              

      

    

    

    

    
      
        	

              	(5)	
                The Change in Control Benefit is subject to and conditioned upon its compliance with 12 U.S.C. § 1828(k) and FDIC regulation 12 C.F.R. Part 359, “Golden
                    Parachute and Indemnification Payments.”

              

      

    

    

    

    
      
        	

              	(l)	
                Attorneys’ Fees and Costs.  In any dispute arising out of or relating to this Agreement, including in compelling arbitration, or enforcing or collecting an arbitration award, the prevailing party shall be entitled
                      to recover from the non-prevailing party its own reasonable attorneys’ fees, filing and services fees, witness fees, arbitrator’s fees, and any other reasonably incurred expenses and costs, to the extent not expressly prohibited by
                      applicable law.

              

      

    

    

    

    
      
        	

              	(m)	
                Headings, Captions.  The headings and captions used in
                    this Agreement are for convenience only and shall not affect the meaning or interpretation of the Agreement.

              

      

    

    

    

    
      
        	

              	(n)	
                Counterparts.  For the convenience of the Parties, this Agreement may be executed by facsimile and in any number of counterparts, all of which when taken together shall constitute one and the same
                      Agreement.

              

      

    

    

    

    
      
         15

        

        
          
            

        

        	10.	
                Advice of Counsel.  Executive acknowledges that Executive has had adequate
                      time to consult legal counsel and financial advisors before signing this Agreement.  Executive understands that Company makes no representations as to the tax consequences of any payments under this Agreement.  Both Parties have
                      participated and had an equal opportunity to participate in the drafting of this Agreement.  No ambiguity shall be construed against any Party upon a claim that such party drafted the ambiguous language.

              

      

    

    

    

    

    

    

    

    

    

    

    

    [Signature page to follow]

     

      

     

      

     

      

     16

      

    
      
        

    

    EXECUTIVE
      

      

      

      

        	
                ___________________________________________________ 

                

              	
                 

              	
                 

              
	 	 	 
	
                _______________ 

                

              	
                 

              	
                 

              
	 	 	 
	Date:_______________________________________________

              	
                 

              	
                 

              

      

      

      

      

      

      
        	
                RIVERVIEW COMMUNITY BANK 

                

              	
                 

              	RIVERVIEW BANCORP, INC.
	 	 	 
	By:  ________________________________________________ 	 	By:  ________________________________________________
	 	 	 
	Title: _______________________________________________

              	 	Title: _______________________________________________
	
                 

              	
                 

              	
                 

              
	Date:_______________________________________________	
                 

              	Date:_______________________________________________

      

       

      

       

        

      17

      
        
          

      

      Exhibit A

    

    

    EMPLOYMENT SEPARATION AGREEMENT AND RELEASE OF CLAIMS

    

    

    This is a confidential separation agreement (this “Separation Agreement”) between you, ____________, and us, Riverview Community Bank (the “Bank”) and Riverview Bancorp, Inc. (“Bancorp”) (Bancorp and the Bank are collectively referred to as “Riverview”).

        This Separation Agreement is dated for reference purposes ____________, 20____, which is the date we delivered this Separation Agreement to you for your consideration.

    

    

    
      
        	1.	
                Termination of Employment.  Your employment terminates
                    (or was terminated) on ____________, 20____ (the “Separation Date”), which was within the number of months of a Change in Control as specified in
                    Section 3(a)(1) in the Change in Control Agreement between you and Riverview dated ____________, 20____ (the “CIC Agreement”), which is
                    incorporated herein by reference.

              

      

    

    

    

    
      
        	2.	
                Payments.  In exchange for your agreeing to the release
                    of claims and other terms in this Separation Agreement, we will pay you the Change in Control Benefit and other payments in Section 3 of the CIC Agreement.  You acknowledge that we are not obligated to make these payments to you unless
                    you enter this Separation Agreement, comply with the Restrictive Covenants in Section 5 of the CIC Agreement, and otherwise comply and continue to comply with the material terms of the CIC Agreement and of this Separation Agreement.

              

      

    

    

    

    
      
        	3.	
                COBRA Continuation Coverage.  Your normal employee
                    participation in Riverview’s group health coverage will terminate on the Separation Date or, if provided under the group health plan, the last day of the month in which the Separation Date occurs.  Continuation of group health coverage
                    thereafter will be made available to you and your dependents pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 or any applicable state health insurance continuation law (collectively, “COBRA”).  You understand and agree that your right to benefits under Riverview’s health and welfare benefit program, if any, shall be limited to those set forth under COBRA
                    and continuation of group health coverage after the Separation Date is entirely at your expense, as provided under COBRA, unless Section 3 of the CIC provides otherwise.

              

      

    

    

    

    
      
        	4.	
                Full Payment and Entitlement to Leave.  You acknowledge
                    having received full payment of all compensation of any kind (including but not limited to wages, salary, bonuses, paid time off, sick leave, reimbursable expenses, and incentive compensation) that you earned as a result of your
                    employment by us and that was owing to you as of the Separation Date.  Any and all agreements to pay you bonuses or other incentive compensation are terminated.  You understand and agree that you have no right to receive any further
                    payments for bonuses or other incentive compensation, except the payments as described in Section 2 of this Agreement (above).  You also acknowledge you have taken and have not been deprived of any leave to which you were legally
                    entitled prior to the Separation date.

              

      

    

    

    

    5.            Release of Claims.

    

    

    
      
        	

              	(a)	
                You hereby release:

              

      

    

    

    

    
      
        	

              	(1)	
                Riverview and its parent companies, divisions, subsidiaries, and affiliates, and each of their benefit plans (each, including Riverview, a “Riverview Affiliate”);

              

      

    

    

    

    
      
        	

              	(2)	
                Each of the Riverview Affiliates’ past and present shareholders, executives, directors, members, officers, agents, employees, representatives, administrators,
                    fiduciaries and attorneys; and

              

      

    

    

    

    
      
         A-1

        

        
          
            

        

        	

              	(3)	
                The predecessors, successors, transferees and assigns of each of such persons and entities, from any and all claims of any kind, known or unknown, that arose
                    on or before the date you signed this Separation Agreement.

              

      

    

    

    

    
      
        	

              	(b)	
                The claims you are releasing include, without limitation, wrongful termination, constructive discharge, breach of contract, violations arising under federal,
                    state or local laws or ordinances prohibiting discrimination or harassment on the basis of age, race, color, national origin, religion, sex, gender, disability, marital status, sexual orientation or any other protected status, failure
                    to accommodate a disability or religious practice, violation of public policy, retaliation, failure to hire, wage and hour violations, including overtime claims, tortious interference with contract or expectancy, fraud or negligent
                    misrepresentation, breach of privacy, defamation, intentional or negligent infliction of emotional distress, unfair labor practices, breach of a right to stock or stock options or other equity interests, attorneys’ fees or costs, and
                    any other claims that are based on any legal obligations that arise out of or are related to your employment relationship with us.

              

      

    

    

    

    
      
        	

              	(c)	
                You specifically waive any rights or claims that you may have under Title 49 of the Revised Code of Washington, the Civil Rights Act of 1964 (including
                    Title VII of that Act), the Civil Rights Act of 1991, the Rehabiliation Act of 1973, the Age Discrimination in Employment Act of 1967 (ADEA), the Older Workers Benefit Protection Act (OWBPA), the Americans with Disabilities Act of 1990
                    (ADA), the Equal Pay Act of 1963 (EPA), the Genetic Information Nondiscrimination Act of 2008 (GINA), the Fair Labor Standards Act of 1938 (FLSA), the Family and Medical Leave Act of 1993 (FMLA), the Occupational Safety and Health Act
                    (OSHA), the Sarbanes-Oxley Act of 2002, the Fair Credit Reporting Act (FCRA), the Uniformed Services Employment and Reemployment Rights Act of 1994, the Worker Adjustment and Retraining Notification Act (WARN), the Employee Retirement
                    Income Security Act of 1974 (ERISA), the National Labor Relations Act (NLRA), the Washington Law Against Discrimination (WLAD), the Washington Industrial Welfare Act, the Washington Family Leave Act, the Washington Minimum Wage Act, the
                    Washington Wage Payment Act, the Washington Rebate Act and all similar federal, state and local laws.  The aforementioned claims are
                      examples, not a complete list, of the released claims.  It is the Parties’ intent that you release any and all claims arising from or related to your employment, your contract of employment, and separation of employment, of whatever
                      kind or nature, known or unknown, to the greatest degree allowed by law, against us, which arose or occurred on or before the date you sign this Separation Agreement.

              

      

    

    

    

    
      
        	

              	(d)	
                You agree not to seek any personal recovery (of money damages, injunctive relief or otherwise) for the claims you are releasing in this Separation Agreement,
                    either through any complaint to any governmental agency or otherwise, whether individually or through a class action.  You agree never to start or participate as a plaintiff in any lawsuit or arbitration asserting any of the claims you
                    are releasing in this Separation Agreement.  You represent and warrant that you have not initiated any complaint, charge, lawsuit or arbitration involving any of the claims you are releasing in this Separation Agreement.

              

      

    

    

    

    
      
        	

              	(e)	
                Should you apply for future employment with a Riverview Affiliate, the Riverview Affiliate has no obligation to consider you for future employment.

              

      

    

    

    

    
      
        	

              	(f)	
                You represent and warrant that you have all necessary authority to enter into this Separation Agreement (including, if you are married, on behalf of your
                    marital community) and that you have not transferred any interest in any claims to your spouse or to any third party.

              

      

    

    

    

    
      
         A-2

        

        
          
            

        

        	

              	(g)	
                This Separation Agreement does not affect your rights arising under any of Riverview’s benefit plans through the Separation Date or afterwards under the terms
                    of those plans to receive pension plan benefits, medical plan benefits, unemployment compensation benefits or workers’ compensation benefits.

              

      

    

    

    

    
      
        	

              	(h)	
                This Separation Agreement also does not affect your rights under agreements, bylaw provisions, insurance or otherwise, to be indemnified, defended or held
                    harmless in connection with claims that may be asserted against you by third parties.

              

      

    

    

    

    
      
        	

              	(i)	
                This Separation Agreement also does not affect your rights to file a charge or complaint with or participate in an investigation by the Equal Employment
                    Opportunity Commission or other government agency.  But, you give up any right to recover or receive any personal relief or benefit from any such charge, complaint, or investigation, or from any lawsuit or administrative action filed by
                    any government agency which is the result of any such charge, complaint, or participation by you.  Personal relief or benefit includes attorneys’ fees, monetary damages, and reinstatement.  Nothing in this Agreement is intended to
                    prevent you from reporting potential violations of the law, cooperating or participating in any investigation by the Equal Employment Opportunity Commission, SEC, or other government agency concerning any Riverview Affiliate, or from
                    testifying truthfully in any legal proceeding resulting from any government agency’s enforcement actions.

              

      

    

    

    

    
      
        	

              	(j)	
                You understand that you are releasing potentially unknown claims, and that you have limited knowledge with respect to some of the claims being released.  You
                    acknowledge that there is a risk that, after signing this Separation Agreement, you may learn information that might have affected your decision to enter into this Separation Agreement.  You assume this risk and all other risks of any
                    mistake in entering into this Separation Agreement.

              

      

    

    

    

    
      
        	

              	(k)	
                You agree that this release is fairly and knowingly made.

              

      

    

    

    

    
      
        	6.	
                No Admission of Liability.  Neither this Separation
                    Agreement nor the payments made under this Separation Agreement are an admission of liability or wrongdoing by any Riverview Affiliate.

              

      

    

    

    

    
      
        	7.	
                Riverview Materials.  You represent and warrant that
                    you have, or no later than the Separation Date will have, returned all keys, credit cards, documents, Confidential Information (as defined in Section 5 of the CIC Agreement), and other materials that belong to us, and disclosed all
                    computer user identifications and passwords used by you in the course of your employment or necessary for accessing information on our computer system, in accordance with Section 7 of the CIC Agreement, which is incorporated herein by
                    reference.

              

      

    

    

    

    
      
        	8.	
                Nondisclosure Agreement.  You will comply with the
                    covenant regarding confidential information in Section 5(a) of the CIC Agreement, which covenant is incorporated herein by reference.  You also agree to keep the terms of this Separation Agreement in strict confidence and not to
                    disclose the same to any other person or entity except as may be required by law. Except for litigation arising out of the breach of or attempt to enforce this Separation Agreement, this Separation Agreement shall not be admissible as
                    evidence in any legal proceeding.

              

      

    

    

    

    
      
        	9.	
                Non-Disparagement and Non-Incitement.  You agree not to
                    make, publish, or communicate (or causing others to make, publish, or communicate) any public or private disparaging statements concerning any Riverview Affiliate or their current or former officers, directors, members, shareholders,
                    employees, agents, customers, suppliers, or investors, including without limitation statements made to employees of any Riverview Affiliate or statements made on internet blogs, social media sites, and review sites; provided, however,
                    that nothing in this Separation Agreement

              

      

    

    

    

    
       A-3

      

      
        
          

      

      	

            	
              shall preclude you from making truthful statements that are required by applicable law, regulation, or legal process.  You may not disparage any Riverview
                  Affiliate or its business or products, and may not encourage any third parties to sue a Riverview Affiliate.

            

    

    
      
         

        

        	10.	
                Cooperation Regarding Other Claims.  If any claim is
                    asserted by or against a Riverview Affiliate as to which you have relevant knowledge, you will reasonably cooperate with us in the prosecution or defense of that claim, including by providing truthful information and testimony as
                    reasonably requested by us.

              

      

    

    

    

    
      
        	11.	
                Nonsolicitation; No Interference.  You will comply with
                    Sections 5(b) and 5(c) of the CIC Agreement, incorporated herein by reference, and Riverview will have the right to enforce those provisions under the terms of Section 5(d) of the CIC Agreement, incorporated herein by reference. 
                    Following the expiration of the covenants referenced in the preceding sentence, you will not, apart from good faith competition, interfere with any Riverview Affiliate’s relationships with customers, employees, vendors, or others.

              

      

    

    

    

    
      
        	12.	
                Liquidated Damages.  Any breach by you of provisions
                    set out in Sections 7 through 11 above shall be a material breach of this Separation Agreement for which we agree that Riverview or one of its affiliates would suffer irreparable harm and damage to its reputation, and for which
                    liquidated damages in the amount of the Change in Control Benefit specified in Section 3 of the CIC Agreement or actual damages, whichever is greater, shall be assessed. The foregoing shall not be interpreted to preclude any additional
                    remedy available to Riverview at law or in equity, including but not limited to injunctive relief.

              

      

    

    

    

    
      
        	13.	
                Independent Legal Counsel.  You are advised and
                    encouraged to consult with an attorney before signing this Separation Agreement.  You acknowledge that you have had an adequate opportunity to do so.

              

      

    

    

    

    
      
        	14.	
                Consideration Period.  You have 21 days from the date
                    this Separation Agreement is given to you to consider this Separation Agreement before signing it.  You may use as much or as little of this 21‐day period as you wish before signing.  If you do not sign and return this Separation
                    Agreement within this 21-day period, you will not be eligible to receive the benefits described in this Separation Agreement.

              

      

    

    

    

    
      
        	15.	
                Revocation Period and Effective Date.  You have 7
                    calendar days after signing this Separation Agreement to revoke it.  To revoke this Separation Agreement after signing it, you must deliver a written notice of revocation to Riverview’s Chief Executive Officer or the Chairman of the
                    Board before the 7-day period expires.  This Separation Agreement shall not become effective until the 8th calendar day after you sign it (the “Effective
                        Date”).  If you revoke this Separation Agreement, it will not become effective or enforceable, and you will not be entitled to the benefits described in this Separation Agreement.

              

      

    

    

    

    
      
        	16.	
                Knowing and Voluntary Waivers under the ADEA.  You
                    acknowledges that you understand this is a full release of all existing claims whether currently known or unknown including, but not limited to, claims for age discrimination under the Age Discrimination in Employment Act.  You agree
                    and acknowledges that you have read and understood this Separation Agreement, and that you have consulted with an attorney regarding the meaning and application of this Separation Agreement, or, if you have not consulted with an
                    attorney, you have been advised to do so and have had ample opportunity to do so.  You enter into this Separation Agreement knowingly, voluntarily, free from duress, and as a result of your own free will and with the intention to waive,
                    settle, and release all claims you have or may have against each Riverview Affiliate.

              

      

    

    

    

    
      
         A-4

        

        
          
            

        

        	17.	
                Governing Law.  This Separation Agreement is governed
                    by the laws of the State of Washington that apply to contracts executed and to be performed entirely within the State of Washington.

              

      

    

    

    

    
      
        	18.	
                Dispute Resolution.  Any dispute arising under this
                    Agreement shall be subject to arbitration in accordance with Section 8 of the CIC Agreement, which Sections are specifically incorporated by reference, in their entirety, in this Agreement.

              

      

    

    

    

    
      
        	19.	
                Saving Provision.  If any part of this Separation
                    Agreement is held to be unenforceable, it shall not affect any other part, except if the release in Section 5 is determined to be invalid or unenforceable, this Separation Agreement shall be voidable by Riverview for a period of sixty
                    (60) days following receipt of written notice of the invalidity or unenforceability.

              

      

    

    

    

    
      
        	20.	
                Final and Complete Agreement.  Except for the CIC
                    Agreement and/or the Employment Agreement, which are expressly incorporated herein by reference, this Separation Agreement is the final and complete expression of all agreements between us on all subjects relating to your employment or
                    its termination and supersedes and replaces all prior discussions, representations, agreements, policies and practices.  You acknowledge you are not signing this Separation Agreement relying on anything not set out herein.

              

      

    

    

    

    
      
        	21.	
                Miscellaneous.  This Separation Agreement may be signed in counterparts, both of which shall be deemed an original, but both of which, taken together shall constitute the same instrument.  A
                    signature made on a faxed or electronically mailed copy of the Separation Agreement or a signature transmitted by facsimile or electronic shall have the same effect as the original signature.  The section headings used in this
                    Separation Agreement are intended solely for convenience of reference and shall not in any manner amplify, limit, modify or otherwise be used in the interpretation of any of the provisions hereof.  This Separation Agreement was the
                    result of the negotiations between the parties.  In the event of vagueness, ambiguity or uncertainty, the Separation Agreement shall not be construed against the party preparing it, but shall be construed as if both parties prepared it
                    jointly.  If you or Riverview fails to enforce this Separation Agreement or to insist on performance of any term, that failure does not mean a waiver of that term or of the Separation Agreement.  This Separation Agreement remains in
                    full force and effect anyway.

              

      

    

    

    

    

    

    

    

    

    

    

    

    [Signature page to follow]

    

    

    

    

    A-5

    

    
      
        

    

    Riverview Community Bank

    

    

    By:______________________________ 

      

    

    

    Title:  ____________________________

      

    

    

    Date:  ____________________________

      

    

    

    

    

    

    

    Riverview Bancorp, Inc.

    

    

    
      By:______________________________ 

        

      

      

      Title:  ____________________________

        

      

      

      Date:  ____________________________

    

    

    

    

    

    

    I, the undersigned, having been advised to consult with an attorney, hereby agree to be bound by
        this Separation Agreement and confirm that I have read and understood each part of it.

    

    

    

    

     

    

     _________________________________ 

      

     

    

     

    

    _________________________________ 

    

    Print Name

    

    

    

    

    _________________________________

    Date: 

    

    

    
      A-6EX-10.1

 Exhibit 10.1 

CORNERSTONE ONDEMAND, INC. 

2010 EQUITY INCENTIVE PLAN 

1. Purposes of the Plan. The purposes of this Plan are: 
  

	 	•	 	 to attract and retain the best available personnel for positions of substantial responsibility,

  

	 	•	 	 to provide additional incentive to Employees, Directors and Consultants, and 

 

	 	•	 	 to promote the success of the Company’s business. 

The Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Restricted Stock, Restricted Stock Units, Stock Appreciation
Rights, Performance Units and Performance Shares. 
 2. Definitions. As used herein, the following definitions will apply: 

(a) “Administrator” means the Board or any of its Committees as will be administering the Plan, in accordance
with Section 4 of the Plan. 
 (b) “Applicable Laws” means the legal and regulatory requirements
relating to the administration of equity-based awards, including, but not limited to, U.S. federal and state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed
or quoted and the applicable laws of any non-U.S. country or jurisdiction where Awards are, or will be, granted under the Plan. 

(c) “Award” means, individually or collectively, a grant under the Plan of Options, Restricted Stock,
Restricted Stock Units, Stock Appreciation Rights, Performance Units or Performance Shares. 
 (d) “Award
Agreement” means the written or electronic agreement setting forth the terms and provisions applicable to each Award granted under the Plan. The Award Agreement is subject to the terms and conditions of the Plan. 

(e) “Board” means the Board of Directors of the Company. 

(f) “Change in Control” means the occurrence of any of the following events: 

(i) A change in the ownership of the Company which occurs on the date that any one person, or more than one person
acting as a group (“Person”), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes more than fifty percent (50%) of the total voting power of the stock of the Company;
provided, however, that for purposes of this subsection (i), the acquisition of additional stock by any one Person, who is considered to own more than fifty percent (50%) of the total voting power of the stock of the Company will not be considered a
Change in Control; or 
 (ii) A change in the effective control of the Company which occurs on the date that a majority of
members of the Board is replaced during any twelve (12) month period by Directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election. For purposes of this
clause (ii), if any Person is considered to be in effective control of the Company, the acquisition of additional control of the Company by the same Person will not be considered a Change in Control; or 

(iii) A change in the ownership of a substantial portion of the Company’s assets which occurs on the date that any Person
acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair market value equal to or more than fifty percent
(50%) of the total gross fair market 

  
 1 

 
value of all of the assets of the Company immediately prior to such acquisition or acquisitions; provided, however, that for purposes of this subsection (iii), the following will not constitute a
change in the ownership of a substantial portion of the Company’s assets: (A) a transfer to an entity that is controlled by the Company’s stockholders immediately after the transfer, or (B) a transfer of assets by the Company to:
(1) a stockholder of the Company (immediately before the asset transfer) in exchange for or with respect to the Company’s stock, (2) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly
or indirectly, by the Company, (3) a Person, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Company, or (4) an entity, at least fifty percent (50%) of
the total value or voting power of which is owned, directly or indirectly, by a Person described in this subsection (iii)(B)(3). For purposes of this subsection (iii), gross fair market value means the value of the assets of the Company, or the
value of the assets being disposed of, determined without regard to any liabilities associated with such assets. 
 For purposes of this
definition, persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company. 

Notwithstanding the foregoing, a transaction will not be deemed a Change in Control unless the transaction qualifies as a change in control
event within the meaning of Section 409A, as it has been and may be amended from time to time, and any proposed or final Treasury Regulations and Internal Revenue Service guidance that has been promulgated or may be promulgated thereunder from
time to time. 
 Further and for the avoidance of doubt, a transaction will not constitute a Change in Control if: (i) its sole purpose
is to change the jurisdiction of the Company’s incorporation, or (ii) its sole purpose is to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities
immediately before such transaction. 
 (g) “Code” means the Internal Revenue Code of 1986, as amended.
Reference to a specific section of the Code or regulation thereunder will include such section or regulation, any valid regulation promulgated under such section, and any comparable provision of any future legislation or regulation amending,
supplementing or superseding such section or regulation. 
 (h) “Committee” means a committee of Directors
or of other individuals satisfying Applicable Laws appointed by the Board, or a duly authorized committee of the Board, in accordance with Section 4 hereof. 

(i) “Common Stock” means the common stock of the Company. 

(j) “Company” means Cornerstone OnDemand, Inc., a Delaware corporation, or any successor thereto. 

(k) “Consultant” means any natural person, including an advisor, engaged by the Company or a Parent or
Subsidiary to render bona fide services to such entity, provided the services (i) are not in connection with the offer or sale of securities in a capital-raising transaction, and (ii) do not directly
promote or maintain a market for the Company’s securities, in each case, within the meaning of Form S-8 promulgated under the Securities Act, and provided, further, that a Consultant will include only
those persons to whom the issuance of Shares may be registered under Form S-8 promulgated under the Securities Act. 

(l) “Director” means a member of the Board. 

(m) “Disability” means total and permanent disability as defined in Section 22(e)(3) of the Code,
provided that in the case of Awards other than Incentive Stock Options, the Administrator in its discretion may determine whether a permanent and total disability exists in accordance with uniform and
non-discriminatory standards adopted by the Administrator from time to time. 
 (n)
“Employee” means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company. Neither service as a Director nor payment of a director’s fee by the Company will be sufficient
to constitute “employment” by the Company. 

  
 2 

 (o) “Exchange Act” means the Securities Exchange Act of
1934, as amended. 
 (p) “Exchange Program” means a program under which (i) outstanding Awards are
surrendered or cancelled in exchange for awards of the same type (which may have higher or lower exercise prices and different terms), awards of a different type, and/or cash, (ii) Participants would have the opportunity to transfer any
outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is increased or reduced. For avoidance of doubt, as set forth in Section 4(c),
the Administrator may not implement an Exchange Program. 
 (q) “Fair Market Value” means, as of any date,
the value of Common Stock determined as follows: 
 (i) If the Common Stock is listed on any established stock exchange or a
national market system, including without limitation the Nasdaq Global Select Market, the Nasdaq Global Market or the Nasdaq Capital Market of The Nasdaq Stock Market, its Fair Market Value will be the closing sales price for such stock as quoted on
such exchange or system on the date of determination (or the closing bid, if no sales were reported), as reported in The Wall Street Journal or such other source as the Administrator deems reliable; 

(ii) If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, its Fair
Market Value will be the mean between the high bid and low asked prices for the Common Stock on the date of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or 

(iii) In the absence of an established market for the Common Stock, the Fair Market Value will be determined in good faith by
the Administrator. 
 Notwithstanding the foregoing under this Section 2(q), for federal, state and local income or other tax reporting
purposes, fair market value will be determined by the Company (or its delegate) in accordance with uniform and nondiscriminatory standards adopted by it from time to time. 

(r) “Fiscal Year” means the fiscal year of the Company. 

(s) “Incentive Stock Option” means an Option that by its terms qualifies and is intended to qualify as an
incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder. 
 (t)
“Inside Director” means a Director who is an Employee. 
 (u) “Nonstatutory Stock Option”
means an Option that by its terms does not qualify or is not intended to qualify as an Incentive Stock Option. 
 (v)
“Officer” means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder. 

(w) “Option” means a stock option granted pursuant to the Plan. 

(x) “Outside Director” means a Director who is not an Employee. 

(y) “Parent” means a “parent corporation,” whether now or hereafter existing, as defined in
Section 424(e) of the Code. 
 (z) “Participant” means the holder of an outstanding Award. 

(aa) “Performance Share” means an Award denominated in Shares which may be earned in whole or in part upon
attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10. 

(bb) “Performance Unit” means an Award which may be earned in whole or in part upon attainment of performance
goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 10. 

  
 3 

 (cc) “Period of Restriction” means the period (if any)
during which the transfer of Shares of Restricted Stock are subject to restrictions and therefore, the Shares are subject to a substantial risk of forfeiture. Such restrictions may be based on continued service, the achievement of target levels of
performance, or the occurrence of other events as determined by the Administrator. 
 (dd) “Plan” means this
2010 Equity Incentive Plan, as may be amended from time to time. 
 (ee) “Restricted Stock” means Shares
issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option. 

(ff) “Restricted Stock Unit” means a bookkeeping entry representing an amount equal to the Fair Market Value
of one Share, granted pursuant to Section 8. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company. 

(gg) “Rule 16b-3” means Rule
16b-3 of the Exchange Act or any successor to Rule 16b-3, as in effect when discretion is being exercised with respect to the Plan. 

(hh) “Section 16(b)” means Section 16(b) of the Exchange Act. 

(ii) “Section 409A” means Section 409A of the Code and the final regulations and any
guidance promulgated thereunder, as may be amended from time to time. 
 (jj) “Securities Act” means the
Securities Act of 1933, as amended. 
 (kk) “Service Provider” means an Employee, Director or Consultant.

 (ll) “Share” means a share of the Common Stock, as adjusted in accordance with Section 14 of the
Plan. 
 (mm) “Stock Appreciation Right” means an Award, granted alone or in connection with an Option, that
pursuant to Section 9 is designated as a Stock Appreciation Right. 
 (nn) “Subsidiary” means a
“subsidiary corporation”, whether now or hereafter existing, as defined in Section 424(f) of the Code. 
 (oo)
“Tax Obligations” means tax, social insurance and social security liability obligations and requirements in connection with the Awards, including, without limitation, (i) all federal, state, and local income, employment and any
other taxes (including the Participant’s Federal Insurance Contributions Act (FICA) obligation) that are required to be withheld by the Company (or Company’s Parent or Subsidiary, as applicable), (ii) the Participant’s and, to the
extent required by the Company (or its Parent or Subsidiary, as applicable), the Company’s (or its Parent’s or Subsidiary’s) fringe benefit tax liability, if any, associated with the grant, vesting, or exercise of an Award or sale of
Shares issued under the Award, and (iii) any other taxes or social insurance or social security liabilities or premium the responsibility for which the Participant has, or has agreed to bear, with respect to such Award (or exercise thereof or
issuance of Shares or other consideration thereunder). 
 3.
Stock Subject to the Plan. 
 (a)
Stock Subject to the Plan. Subject to the provisions of Section 14 of the Plan, the maximum aggregate number of Shares that may be issued under the Plan is equal
to (A) the initial approved Share reserve of 3,500,000 Shares, (B) the Shares reserved under the Company’s 2009 Equity Incentive Plan (the “Existing Plan”) that, as of the date of effectiveness of the registration
statement filed in connection with the Company’s initial public offering in 2011 (the “IPO”), had not been issued or were not subject to any awards granted under the Existing Plan, which were automatically added to the Plan
according to its terms, (C) each Share reserve increase previously made pursuant to the annual evergreen provision according to the terms of the Plan, and (D) Shares subject to awards granted under the Existing Plan that, after the date of
the IPO, expired or otherwise terminated without having been exercised in full and Shares issued pursuant to awards granted under the Existing Plan that were forfeited to or repurchased by the Company, plus any

  
 4 

 
Shares subject to stock options or similar awards granted under the Existing Plan that expire or otherwise terminate without having been exercised in full and Shares issued pursuant to awards
granted under the Existing Plan that are forfeited to or repurchased by the Company, with the maximum number of Shares to be added to the Plan pursuant to the Existing Plan equal to 6,262,797 Shares. The Shares may be authorized, but unissued, or
reacquired Common Stock. 
 (b) Lapsed Awards. Shares that actually have been issued under the Plan under any Award
will not be returned to the Plan and will not become available for future distribution under the Plan (unless repurchased as specified in this subsection (b) below). If an Option or Stock Appreciation Right Award expires or becomes
unexercisable without having been exercised in full, the unexercised Shares which were subject thereto will become available for future grant or sale under the Plan (unless the Plan has terminated). If an Award of Restricted Stock, Restricted Stock
Units, Performance Units or Performance Shares (each, a “Full Value Award”) is forfeited or repurchased by the Company due to failure to vest, then the forfeited or repurchased Shares subject thereto will become available for future
grant or sale under the Plan (unless the Plan has terminated). With respect to Stock Appreciation Rights settled in Shares, the gross number of Shares covered by the portion of the Award so exercised will cease to be available under the Plan. Shares
used to pay the exercise or purchase price of an Award or to satisfy the Tax Obligations related to an Award will cease to be available for future grant or sale under the Plan. To the extent an Award under the Plan is paid out in cash rather than
Shares, such cash payment will not result in reducing the number of Shares available for issuance under the Plan. For purposes of clarification, no Shares purchased by the Company with proceeds received from the exercise of an Option will become
available for issuance under this Plan. Notwithstanding the foregoing and, subject to adjustment as provided in Section 14, the maximum number of Shares that may be issued upon the exercise of Incentive Stock Options will equal the aggregate
Share number stated in Section 3(a), plus, to the extent allowable under Section 422 of the Code and the Treasury Regulations promulgated thereunder, any Shares that become available for issuance under the Plan pursuant to
Section 3(b). 
 (c) Share Reserve. The Company, during the term of this Plan, will at all times reserve and keep
available such number of Shares as will be sufficient to satisfy the requirements of the Plan. 
 4. Administration of the Plan. 

(a) Procedure. 

(i) Multiple Administrative Bodies. Different Committees with respect to different groups of Service Providers may
administer the Plan. 
 (ii) Rule 16b-3. To the extent desirable to qualify
transactions hereunder as exempt under Rule 16b-3, the transactions contemplated hereunder will be structured to satisfy the requirements for exemption under Rule
16b-3. 
 (iii) Other Administration. Other than as provided above, the Plan
will be administered by (A) the Board or (B) a Committee, which committee will be constituted to satisfy Applicable Laws. 

(b) Powers of the Administrator. Subject to the provisions of the Plan, and in the case of a Committee, subject to the
specific duties delegated by the Board to such Committee, the Administrator will have the authority, in its discretion: 

(i) to determine the Fair Market Value; 

(ii) to select the Service Providers to whom Awards may be granted hereunder; 

(iii) to determine the number of Shares to be covered by each Award granted hereunder; 

(iv) to approve forms of Award Agreements for use under the Plan; 

(v) to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder. Such
terms and conditions include, but are not limited to, the exercise price, 

  
 5 

 
the time or times when Awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation
regarding any Award or the Shares relating thereto, based in each case on such factors as the Administrator will determine; 

(vi) to construe and interpret the terms of the Plan and Awards granted pursuant to the Plan; 

(vii) to prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations relating to sub-plans established for the purpose of satisfying applicable non-U.S. laws; 

(viii) to modify or amend each Award (subject to Section 19 of the Plan), including but not limited to the discretionary
authority to extend the post-termination exercisability period of Awards; 
 (ix) to allow Participants to satisfy Tax
Obligations in such manner as prescribed in Section 15 of the Plan; 
 (x) to authorize any person to execute on behalf
of the Company any instrument required to effect the grant of an Award previously granted by the Administrator; 
 (xi) to
allow a Participant to defer the receipt of the payment of cash or the delivery of Shares that would otherwise be due to such Participant under an Award; and 

(xii) to make all other determinations deemed necessary or advisable for administering the Plan. 

(c) Limitations. 

(i) No Implementation of Exchange Programs. The Administrator will not be permitted to implement an Exchange Program.

 (ii) Dividend Payments. Dividends and other distributions payable with respect to Shares subject to Awards will not
be paid before the underlying Shares vest. 
 (d) Effect of Administrator’s Decision. The Administrator’s
decisions, determinations and interpretations will be final and binding on all Participants and any other holders of Awards and will be given the maximum deference permitted by law. 

5. Eligibility. Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Shares and
Performance Units may be granted to Service Providers. Incentive Stock Options may be granted only to Employees. 
 6. Stock Options.

 (a) Grant of Stock Options. Each Option will be designated in the Award Agreement as either an Incentive Stock
Option or a Nonstatutory Stock Option. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Participant
during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds one hundred thousand dollars ($100,000), such Options will be treated as Nonstatutory Stock Options. For purposes of this Section 6(a), Incentive
Stock Options will be taken into account in the order in which they were granted. The Fair Market Value of the Shares will be determined as of the time the Option with respect to such Shares is granted. 

(b) Stock Option Agreement. The term of each Option will be stated in the Award Agreement. In the case of an Incentive
Stock Option, the term will be ten (10) years from the date of grant or such shorter term as may be provided in the Award Agreement. Moreover, in the case of an Incentive Stock Option granted to a Participant who, at the time the Incentive
Stock Option is granted, owns stock representing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option will be five (5) years
from the date of grant or such shorter term as may be provided in the Award Agreement. 

  
 6 

 (c) Exercise Price and Other Terms. The per share exercise price for
the Shares to be issued pursuant to exercise of an Option will be determined by the Administrator, subject to the following: 

(i) In the case of an Incentive Stock Option granted to an Employee who, at the time the Incentive Stock Option is granted,
owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the per Share exercise price will be no less than one hundred ten percent (110%) of the Fair Market Value per
Share on the date of grant. 
 (ii) In the case of an Incentive Stock Option granted to any Employee other than an Employee
described in paragraph a) immediately above, the per Share exercise price will be no less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. 

(iii) In the case of a Nonstatutory Stock Option, the per Share exercise price will be no less than one hundred percent (100%)
of the Fair Market Value per Share on the date of grant. 
 (iv) Notwithstanding the foregoing, Options may be granted with a
per Share exercise price of less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant pursuant to a transaction described in, and in a manner consistent with, Section 424(a) of the Code 

(v) At the time an Option is granted, the Administrator will fix the period within which the Option may be exercised and will
determine any conditions that must be satisfied before the Option may be exercised. 
 (d) Form of Consideration. The
Administrator will determine the acceptable form of consideration for exercising an Option, including the method of payment. In the case of an Incentive Stock Option, the Administrator will determine the acceptable form of consideration at the time
of grant. Such consideration may consist entirely of: (1) cash; (2) check; (3) promissory note, to the extent permitted by Applicable Laws; (4) other Shares, provided that such Shares have a Fair Market Value on the date of surrender
equal to the aggregate exercise price of the Shares as to which such Option will be exercised and provided that accepting such Shares will not result in any adverse accounting consequences to the Company, as the Administrator determines in its sole
discretion; (5) consideration received by the Company under a broker-assisted (or other) cashless exercise program (whether through a broker or otherwise) implemented by the Company in connection with the Plan; (6) by net exercise;
(7) such other consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws; or (8) any combination of the foregoing methods of payment. 

(e) Exercise of Option. Any Option granted hereunder will be exercisable according to the terms of the Plan and at such
times and under such conditions as determined by the Administrator and set forth in the Award Agreement. An Option may not be exercised for a fraction of a Share. 

An Option will be deemed exercised when the Company receives: (i) notice of exercise (in such form as the Administrator may specify from
time to time) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is exercised (together with applicable withholding taxes). Full payment may consist of any consideration and
method of payment authorized by the Administrator and permitted by the Award Agreement and the Plan. Shares issued upon exercise of an Option will be issued in the name of the Participant or, if requested by the Participant, in the name of the
Participant and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a
stockholder will exist with respect to the Shares subject to an Option, notwithstanding the exercise of the Option. The Company will issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a
dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Section 14 of the Plan. 

Exercising an Option in any manner will decrease the number of Shares thereafter available, both for purposes of the Plan and for sale under
the Option, by the number of Shares as to which the Option is exercised. 

  
 7 

 (f) Termination of Relationship as a Service Provider. If a
Participant ceases to be a Service Provider, other than upon the Participant’s termination as the result of the Participant’s death or Disability, the Participant may exercise his or her Option within such period of time as is specified in
the Award Agreement to the extent that the Option is vested on the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement). In the absence of a specified time in the Award
Agreement, the Option will remain exercisable for three (3) months following the Participant’s termination. Unless otherwise provided by the Administrator, if on the date of termination the Participant is not vested as to his or her entire
Option, the Shares covered by the unvested portion of the Option will revert to the Plan. If after termination the Participant does not exercise his or her Option within the time specified by the Administrator, the Option will terminate, and the
Shares covered by such Option will revert to the Plan. 
 (g) Disability of Participant. If a Participant ceases to be
a Service Provider as a result of the Participant’s Disability, the Participant may exercise his or her Option within such period of time as is specified in the Award Agreement to the extent the Option is vested on the date of termination (but
in no event later than the expiration of the term of such Option as set forth in the Award Agreement). In the absence of a specified time in the Award Agreement, the Option will remain exercisable for twelve (12) months following the
Participant’s termination. Unless otherwise provided by the Administrator, if on the date of termination the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to the
Plan. If after termination the Participant does not exercise his or her Option within the time specified herein, the Option will terminate, and the Shares covered by such Option will revert to the Plan. 

(h) Death of Participant. If a Participant dies while a Service Provider, the Option may be exercised following the
Participant’s death within such period of time as is specified in the Award Agreement to the extent that the Option is vested on the date of death (but in no event may the option be exercised later than the expiration of the term of such Option
as set forth in the Award Agreement), by the Participant’s designated beneficiary, provided such beneficiary has been designated prior to Participant’s death in a form acceptable to the Administrator. If no such beneficiary has been
designated by the Participant, then such Option may be exercised by the personal representative of the Participant’s estate or by the person(s) to whom the Option is transferred pursuant to the Participant’s will or in accordance with the
laws of descent and distribution. In the absence of a specified time in the Award Agreement, the Option will remain exercisable for twelve (12) months following Participant’s death. Unless otherwise provided by the Administrator, if at the
time of death Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will immediately revert to the Plan. If the Option is not so exercised within the time specified herein, the Option will
terminate, and the Shares covered by such Option will revert to the Plan. 
 7. Restricted Stock. 

(a) Grant of Restricted Stock. Subject to the terms and provisions of the Plan, the Administrator, at any time and from
time to time, may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine. 

(b) Restricted Stock Agreement. Each Award of Restricted Stock will be evidenced by an Award Agreement that will specify
any Period of Restriction, the number of Shares granted, and such other terms and conditions as the Administrator, in its sole discretion, will determine. Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of
Restricted Stock until the restrictions on such Shares have lapsed. 
 (c) Transferability. Except as provided in this
Section 7, Shares of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end of any applicable Period of Restriction. 

(d) Other Restrictions. The Administrator, in its sole discretion, may impose such other restrictions on Shares of
Restricted Stock as it may deem advisable or appropriate. 

  
 8 

 (e) Removal of Restrictions. Except as otherwise provided in this
Section 7, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day of any applicable Period of Restriction or at such other time as the
Administrator may determine. The Administrator, in its discretion, may accelerate the time at which any restrictions will lapse or be removed. 

(f) Voting Rights. During any applicable Period of Restriction, Service Providers holding Shares of Restricted Stock
granted hereunder may exercise full voting rights with respect to those Shares, unless the Administrator determines otherwise. 

(g) Dividends and Other Distributions. During any applicable Period of Restriction and subject to the limitations
contained in Section 4(c), Service Providers holding Shares of Restricted Stock will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If any such
dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid. 

(h) Return of Restricted Stock to Company. On the date set forth in the Award Agreement, the Restricted Stock for which
restrictions have not lapsed will revert to the Company and again will become available for grant under the Plan. 
 8. Restricted Stock
Units. 
 (a) Grant of Restricted Stock Units. Restricted Stock Units may be granted at any time and from time to
time as determined by the Administrator. After the Administrator determines that it will grant Restricted Stock Units under the Plan, it will advise the Participant in an Award Agreement of the terms, conditions, and restrictions related to the
grant, including the number of Restricted Stock Units. 
 (b) Restricted Stock Unit Agreement. The Administrator will
set vesting criteria in its discretion, which, depending on the extent to which the criteria are met, will determine the number of Restricted Stock Units that will be paid out to the Participant. The Administrator may set vesting criteria based upon
the achievement of Company-wide, business unit, or individual goals (including, but not limited to, continued employment), or any other basis determined by the Administrator in its discretion. 

(c) Earning Restricted Stock Units. Upon meeting the applicable vesting criteria, the Participant will be entitled to
receive a payout as determined by the Administrator. Notwithstanding the foregoing, at any time after the grant of Restricted Stock Units, the Administrator, in its sole discretion, may reduce or waive any vesting criteria that must be met to
receive a payout. 
 (d) Form and Timing of Payment. Payment of earned Restricted Stock Units will be made as soon as
practicable after the date(s) determined by the Administrator and set forth in the Award Agreement. The Administrator, in its sole discretion, may only settle earned Restricted Stock Units in cash, Shares, or a combination of both. 

(e) Cancellation. On the date set forth in the Award Agreement, all unearned Restricted Stock Units will be forfeited to
the Company. 
 9. Stock Appreciation Rights. 

(a) Grant of Stock Appreciation Rights. Subject to the terms and conditions of the Plan, a Stock Appreciation Right may
be granted to Service Providers at any time and from time to time as will be determined by the Administrator, in its sole discretion. 

(b) Stock Appreciation Right Agreement. Each Stock Appreciation Right grant will be evidenced by an Award Agreement that
will specify the exercise price, the term of the Stock Appreciation Right, the conditions of exercise, and such other terms and conditions as the Administrator, in its sole discretion, will determine. 

  
 9 

 (c) Number of Shares. The Administrator will have complete discretion
to determine the number of Stock Appreciation Rights granted to any Service Provider. 
 (d) Exercise Price and Other
Terms. The per share exercise price for the Shares to be issued pursuant to exercise of a Stock Appreciation Right will be determined by the Administrator and will be no less than one hundred percent (100%) of the Fair Market Value per Share on
the date of grant. Otherwise, the Administrator, subject to the provisions of the Plan, will have complete discretion to determine the terms and conditions of Stock Appreciation Rights granted under the Plan. 

(e) Expiration of Stock Appreciation Rights. A Stock Appreciation Right granted under the Plan will expire upon the date
determined by the Administrator, in its sole discretion, and set forth in the Award Agreement. Notwithstanding the foregoing, the rules of Section 6(b) relating to the maximum term and Sections 6(e), 6(f), 6(g) and 6(h) relating to exercise
also will apply to Stock Appreciation Rights. 
 (f) Payment of Stock Appreciation Right Amount. Upon exercise of a
Stock Appreciation Right, a Participant will be entitled to receive payment from the Company in an amount determined by multiplying: 

(i) The difference between the Fair Market Value of a Share on the date of exercise over the exercise price; times 

(ii) The number of Shares with respect to which the Stock Appreciation Right is exercised. 

At the discretion of the Administrator, the payment upon Stock Appreciation Right exercise may be in cash, in Shares of equivalent value, or in
some combination thereof. 
 10. Performance Units and Performance Shares. 

(a) Grant of Performance Units/Shares. Performance Units and Performance Shares may be granted to Service Providers at
any time and from time to time, as will be determined by the Administrator, in its sole discretion. The Administrator will have complete discretion in determining the number of Performance Units and Performance Shares granted to each Participant.

 (b) Performance Units/Shares Agreement and Other Terms. The Administrator will set performance objectives or other
vesting provisions (including, without limitation, continued status as a Service Provider) in its discretion which, depending on the extent to which they are met, will determine the number or value of Performance Units/Shares that will be paid out
to the Service Providers. The time period during which the performance objectives or other vesting provisions must be met will be called the “Performance Period.” Each Award of Performance Units/Shares will be evidenced by an Award
Agreement that will specify the Performance Period, and such other terms and conditions as the Administrator, in its sole discretion, will determine. The Administrator may set performance objectives based upon the achievement of Company-wide,
divisional, or individual goals, applicable federal or state securities laws, or any other basis determined by the Administrator in its discretion. 

(c) Value of Performance Units/Shares. Each Performance Unit will have an initial value that is established by the
Administrator on or before the date of grant. Each Performance Share will have an initial value equal to the Fair Market Value of a Share on the date of grant. 

(d) Earning of Performance Units/Shares. After the applicable Performance Period has ended, the holder of Performance
Units/Shares will be entitled to receive a payout of the number of Performance Units/Shares earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding performance objectives or
other vesting provisions have been achieved. After the grant of a Performance Unit/Share, the Administrator, in its sole discretion, may reduce or waive any performance objectives or other vesting provisions for such Performance Unit/Share. 

(e) Form and Timing of Payment of Performance Units/Shares. Payment of earned Performance Units/Shares will be made as
soon as practicable after the expiration of the applicable Performance Period. The Administrator, in its sole discretion, may pay earned Performance Units/Shares in the form of cash, in Shares (which have an aggregate Fair Market Value equal to the
value of the earned Performance Units/Shares at the close of the applicable Performance Period) or in a combination thereof. 

  
 10 

 (f) Cancellation of Performance Units/Shares. On the date set forth
in the Award Agreement, all unearned or unvested Performance Units/Shares will be forfeited to the Company, and again will be available for grant under the Plan. 

11. Outside Director Award Limitations. No Outside Director may be granted, in any Fiscal Year, Awards (the value of which will be
based on their grant date fair value determined in accordance with U.S. generally accepted accounting principles) that, in the aggregate, exceed $500,000, provided that such amount is increased to $800,000 in the Fiscal Year of his or her initial
service as an Outside Director. Any Awards provided to an individual for his or her services as an Employee, or for his or her services as a Consultant other than as an Outside Director, will be excluded for purposes of this Section 11. 

12. Leaves of Absence/Transfer Between Locations. Unless the Administrator provides otherwise, vesting of Awards granted hereunder will
be suspended during any unpaid leave of absence. A Participant will not cease to be an Employee in the case of (i) any leave of absence approved by the Company or (ii) transfers between locations of the Company or between the Company, its
Parent, or any Subsidiary. For purposes of Incentive Stock Options, no such leave may exceed three (3) months, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of
absence approved by the Company is not so guaranteed, then six (6) months following the first (1st) day of such leave any Incentive Stock Option held by the Participant will cease to be
treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option. 
 13. Transferability of
Awards. Unless determined otherwise by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised,
during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award will contain such additional terms and conditions as the Administrator deems appropriate. 

14. Adjustments; Dissolution or Liquidation; Merger or Change in Control. 

(a) Adjustments. In the event that any dividend or other distribution (whether in the form of cash, Shares, other
securities, or other property, but excluding any ordinary or otherwise regularly recurring cash dividends), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or other securities of the Company, or other change in the corporate structure of the Company affecting the Shares occurs, the Administrator, in order to
prevent diminution or enlargement of the benefits or potential benefits intended to be made available under the Plan, will adjust the number and class of Shares that may be delivered under the Plan and/or the number, class, and price of Shares
covered by each outstanding Award and the numerical Share limits in Section 3 of the Plan. 
 (b) Dissolution or
Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been
previously exercised, an Award will terminate immediately prior to the consummation of such proposed action. 
 (c) Change
in Control. In the event of a merger of the Company with or into another corporation or other entity or a Change in Control, and subject to any vesting acceleration provisions in an Award or other agreement, each outstanding Award will be
treated as the Administrator determines (subject to the provisions of the following paragraph) without a Participant’s consent, including, without limitation, that (i) Awards will be assumed, or substantially equivalent awards will be
substituted, by the acquiring or succeeding corporation (or an affiliate thereof) with appropriate adjustments as to the number and kind of shares and prices; (ii) upon written notice to a Participant, that the Participant’s Awards will
terminate upon or immediately prior to the consummation of such merger or Change in Control; (iii) outstanding Awards will vest and become exercisable, realizable, or payable, or restrictions applicable to an Award will lapse, in

  
 11 

 
whole or in part prior to or upon consummation of such merger or Change in Control, and, to the extent the Administrator determines, terminate upon or immediately prior to the effectiveness of
such merger or Change in Control; (iv) (A) the termination of an Award in exchange for an amount of cash and/or property, if any, equal to the amount that would have been attained upon the exercise of such Award or realization of the
Participant’s rights as of the date of the occurrence of the transaction (and, for the avoidance of doubt, if as of the date of the occurrence of the transaction the Administrator determines in good faith that no amount would have been attained
upon the exercise of such Award or realization of the Participant’s rights, then such Award may be terminated by the Company without payment), or (B) the replacement of such Award with other rights or property selected by the Administrator
in its sole discretion; or (v) any combination of the foregoing. In taking any of the actions permitted under this subsection 14(c), the Administrator will not be obligated to treat all Awards, all Awards held by a Participant, all Awards of
the same type, or all portions of the same Award, similarly. 
 In the event that the successor corporation does not assume or substitute for
the Award (or portion thereof), the Participant will fully vest in and have the right to exercise the Participant’s outstanding Option and Stock Appreciation Right (or portion thereof) that is not assumed or substituted for, including Shares as
to which such Award would not otherwise be vested or exercisable, all restrictions on Restricted Stock, Restricted Stock Units, Performance Shares and Performance Units (or portions thereof) not assumed or substituted for will lapse, and, with
respect to such Awards with performance-based vesting (or portions thereof) not assumed or substituted for, all performance goals or other vesting criteria will be deemed achieved at one hundred percent (100%) of target levels and all other terms
and conditions met, in each case, unless specifically provided otherwise under the applicable Award Agreement or other written agreement between the Participant and the Company or any of its Subsidiaries or Parents, as applicable. In addition, if an
Option or Stock Appreciation Right (or portion thereof) is not assumed or substituted for in the event of a merger or Change in Control, the Administrator will notify the Participant in writing or electronically that such Option or Stock
Appreciation Right (or its applicable portion) will be exercisable for a period of time determined by the Administrator in its sole discretion, and the Option or Stock Appreciation Right (or its applicable portion) will terminate upon the expiration
of such period. 
 For the purposes of this subsection (c), an Award will be considered assumed if, following the merger or Change in
Control, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to the merger or Change in Control, the consideration (whether stock, cash, or other securities or property) received in the merger or
Change in Control by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding
Shares); provided, however, that if such consideration received in the merger or Change in Control is not solely common stock of the successor corporation or its Parent, the Administrator may, with the consent of the successor corporation, provide
for the consideration to be received upon the exercise of an Option or Stock Appreciation Right or upon the payout of a Restricted Stock Unit, Performance Unit or Performance Share, for each Share subject to such Award, to be solely common stock of
the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the merger or Change in Control. 

Notwithstanding anything in this Section 14(c) to the contrary, and unless otherwise provided in an Award Agreement or other written
agreement between the Participant and the Company or any of its Subsidiaries or Parents, as applicable, an Award that vests, is earned or paid-out upon the satisfaction of one or more performance goals will
not be considered assumed if the Company or its successor modifies any of such performance goals without the Participant’s consent; provided, however, a modification to such performance goals only to reflect the successor corporation’s
post-Change in Control corporate structure will not be deemed to invalidate an otherwise valid Award assumption. 
 Notwithstanding anything
in this Section 14(c) to the contrary, if a payment under an Award Agreement is subject to Section 409A and if the change in control definition contained in the Award Agreement or other agreement related to the Award does not comply with
the definition of “change in control” for purposes of a distribution under Code Section 409A, then any payment of an amount that is otherwise accelerated under this Section will be delayed until the earliest time that such payment
would be permissible under Section 409A without triggering any penalties applicable under Section 409A. 

  
 12 

 (d) Outside Director Awards. With respect to Awards granted to an
Outside Director that are assumed or substituted for, if on the date of or following such assumption or substitution the Participant’s status as a Director or a director of the successor corporation, as applicable, is terminated other than upon
a voluntary resignation by the Participant (unless such resignation is at the request of the acquirer), then the Participant will fully vest in and have the right to exercise Options and/or Stock Appreciation Rights as to all of the Shares
underlying such Award, including those Shares which would not otherwise be vested or exercisable, all restrictions on Restricted Stock and Restricted Stock Units will lapse, and, with respect to Performance Units and Performance Shares, all
performance goals or other vesting criteria will be deemed achieved at one hundred percent (100%) of target levels and all other terms and conditions met. 

15. Tax. 

(a) Withholding Requirements. Prior to the delivery of any Shares or cash pursuant to an Award (or exercise
thereof) or such earlier time as any Tax Obligations are due, the Company will have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy Tax Obligations with respect to
such Award (or exercise thereof). 
 (b) Withholding Arrangements. The Administrator, in its sole discretion and
pursuant to such procedures as it may specify from time to time, may permit a Participant to satisfy such tax withholding obligation, in whole or in part by (without limitation) (a) paying cash, check or other cash equivalents,
(b) electing to have the Company withhold otherwise deliverable cash or Shares having a fair market value equal to the minimum statutory amount required to be withheld or such greater amount as the Administrator may determine if such amount
would not have adverse accounting consequences, as the Administrator determines in its sole discretion, (c) delivering to the Company already-owned Shares having a fair market value equal to the minimum statutory amount required to be withheld
or such greater amount as the Administrator may determine, in each case, provided the delivery of such Shares will not result in any adverse accounting consequences, as the Administrator determines in its sole discretion, (d) selling a
sufficient number of Shares otherwise deliverable to the Participant through such means as the Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount required to be withheld, or (e) any
combination of the foregoing methods of payment. The fair market value of the Shares to be withheld or delivered will be determined as of the date that the taxes are required to be withheld. 

(c) Compliance With Section 409A. Awards will be designed and operated in such a manner that they are
either exempt from the application of, or comply with, the requirements of Section 409A such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Section 409A, except as
otherwise determined in the sole discretion of the Administrator. The Plan and each Award Agreement under the Plan is intended to meet the requirements of Section 409A and will be construed and interpreted in accordance with such intent,
except as otherwise determined in the sole discretion of the Administrator. To the extent that an Award or payment, or the settlement or deferral thereof, is subject to Section 409A the Award will be granted, paid, settled or deferred in a
manner that will meet the requirements of Section 409A, such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Section 409A. Notwithstanding the foregoing, in no event
will the Company or any Parent, Subsidiary or other affiliate of the Company have any liability or obligation to reimburse, indemnify, or hold harmless any Participant for any taxes, interest, or penalties imposed, or other costs incurred, as a
result of Section 409A. 
 16. No Effect on Employment or Service. Neither the Plan nor any Award will confer upon a Participant
any right with respect to continuing the Participant’s relationship as a Service Provider, nor will they interfere in any way with the Participant’s right or the right of the Company or any Parent or Subsidiary, as applicable, to terminate
such relationship at any time, with or without cause, to the extent permitted by Applicable Laws. 

  
 13 

 17. Date of Grant. The date of grant of an Award will be, for all purposes, the date
on which the Administrator makes the determination granting such Award, or such other later date as is determined by the Administrator. Notice of the determination will be provided to each Participant within a reasonable time after the date of such
grant. 
 18. Term of Plan. Subject to Section 22 of the Plan, the Plan will become effective upon approval of the Plan
by the stockholders of the Company at the 2019 Annual Meeting of Stockholders. It will continue in effect for a term of ten (10) years from the date of such stockholder approval, unless terminated earlier under Section 19 of the Plan. 

19. Amendment and Termination of the Plan. 

(a) Amendment and Termination. The Administrator may at any time amend, alter, suspend or terminate the Plan. 

(b) Stockholder Approval. The Company will obtain stockholder approval of any Plan amendment to the extent necessary and
desirable to comply with Applicable Laws. 
 (c) Effect of Amendment or Termination. No amendment, alteration,
suspension or termination of the Plan will materially impair the rights of any Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing and signed by the Participant and the
Company. Termination of the Plan will not affect the Administrator’s ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination. 

20. Conditions Upon Issuance of Shares. 

(a) Legal Compliance. Shares will not be issued pursuant to the exercise of an Award unless the exercise of such Award
and the issuance and delivery of such Shares will comply with Applicable Laws and will be further subject to the approval of counsel for the Company with respect to such compliance. 

(b) Investment Representations. As a condition to the exercise of an Award, the Company may require the person
exercising such Award to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the
Company, such a representation is required. 
 21. Inability to Obtain Authority. The inability of the Company to obtain authority
from any regulatory body having jurisdiction or to complete or comply with the requirements of any registration or other qualification of the Shares under any U.S. state or federal law or non-U.S. law or under
the rules and regulations of the Securities and Exchange Commission, the stock exchange on which Shares of the same class are then listed, or any other governmental or regulatory body, which authority, registration, qualification or rule compliance
is deemed by the Company’s counsel to be necessary or advisable for the issuance and sale of any Shares hereunder, will relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite
authority, registration, qualification or rule compliance will not have been obtained. 
 22. Stockholder Approval. The Plan will be
subject to approval by the stockholders of the Company within twelve (12) months after the date the Plan is adopted by the Board. Such stockholder approval will be obtained in the manner and to the degree required under Applicable Laws. 

23. Forfeiture Events. The Administrator may specify in an Award Agreement that the Participant’s rights, payments, and benefits
with respect to an Award will be subject to the reduction, cancellation, forfeiture, or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of an Award.
Notwithstanding any provisions to the contrary under this Plan, an Award will be subject to the Company’s clawback policy as may be established and/or amended from time to time to comply with Applicable Laws (the “Clawback
Policy”). The Administrator may require a Participant to forfeit, return or reimburse the Company all or a portion of the Award and any amounts paid thereunder pursuant to the terms of the Clawback Policy or as necessary or appropriate to
comply with Applicable Laws. 

  
 14 

 CORNERSTONE ONDEMAND, INC. 

2010 EQUITY INCENTIVE PLAN 

STOCK OPTION AWARD AGREEMENT 

Unless otherwise defined herein, the terms defined in the Cornerstone OnDemand, Inc. 2010 Equity Incentive Plan, as may be amended from time
to time (the “Plan”) will have the same defined meanings in this Stock Option Award Agreement (the “Award Agreement”). 
  

	I.	 NOTICE OF STOCK OPTION GRANT 

Name: 
 Address:

 The undersigned Participant has been granted an Option to purchase Common Stock of Cornerstone OnDemand, Inc. (the
“Company”), subject to the terms and conditions of the Plan and this Award Agreement, as follows: 
  

							
	Grant Number	  	 	  	                                
			
	Date of Grant:	  	 	  	
			
	Vesting Commencement Date:	  	 	  	
			
	Exercise Price per Share:	  	 	  	
			
	Total Number of Shares Granted:    	  	 	  	
			
	Total Exercise Price:	  	 	  	
				
	Type of Option:	  	    	  	Incentive Stock Option	  	
				
		  	 	  	Nonstatutory Stock Option	  	
			
	Term/Expiration Date:	  	 	  	

 Vesting Schedule: 

Subject to any acceleration provisions contained in the Plan or set forth below, this Option may be exercised, in whole or in part, in
accordance with the following schedule: 
 One fourth (1/4th) of the shares subject to the Option shall vest on the first anniversary of the
Vesting Commencement Date, and one forty-eighth (1/48th) of the shares subject to the Option shall vest each month thereafter on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the
month), such that all of the shares subject to the Option will have vested as of the fourth (4th) anniversary of the Vesting Commencement Date, subject to Participant continuing to be a Service Provider (as defined in the Plan) through each such
date. 

 Termination Period: 

This Option will be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to
Participant’s death or Disability, in which case this Option will be exercisable for twelve (12) months after Participant ceases to be Service Provider. Notwithstanding the foregoing, in no event may this Option be exercised after
the Term/Expiration Date as provided above and may be subject to earlier termination as provided in Section 14 of the Plan. 
  

	II.	 AGREEMENT 

1.    Grant of Option. The Company hereby grants to the individual named in the Notice of Stock Option Grant in Part I of
this Award Agreement (the “Participant”) an option (the “Option”) to purchase the number of Shares, as set forth in the Notice of Stock Option Grant (the “Notice of Grant”), at the exercise price per Share set forth in
the Notice of Grant (the “Exercise Price”), subject to all of the terms and conditions in this Award Agreement and the Plan, which is incorporated herein by reference. Subject to Section 19(c) of the Plan, in the event of a conflict
between the terms and conditions of the Plan and the terms and conditions of this Award Agreement, the terms and conditions of the Plan will prevail. 

If designated in the Notice of Grant as an Incentive Stock Option (“ISO”), this Option is intended to qualify as an ISO under
Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). However, if this Option is intended to be an ISO, to the extent that it exceeds the $100,000 rule of Code Section 422(d) it will be treated as a
Nonstatutory Stock Option (“NSO”). Further, if for any reason this Option (or portion thereof) will not qualify as an ISO, then, to the extent of such nonqualification, such Option (or portion thereof) shall be regarded as a NSO granted
under the Plan. In no event will the Administrator, the Company or any Parent or Subsidiary or any of their respective employees or directors have any liability to Participant (or any other person) due to the failure of the Option to qualify for any
reason as an ISO. 
 2.    Vesting Schedule. Except as provided in Section 3, the Option awarded by this Award
Agreement will vest in accordance with the vesting provisions set forth in the Notice of Grant. Shares scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in Participant in accordance with any of the
provisions of this Award Agreement, unless Participant will have been continuously a Service Provider from the Date of Grant until the date such vesting occurs. 

3.    Administrator Discretion. The Administrator, in its discretion, may accelerate the vesting of the balance, or some
lesser portion of the balance, of the unvested Option at any time, subject to the terms of the Plan. If so accelerated, such Option will be considered as having vested as of the date specified by the Administrator. 

 4.    Exercise of Option. 

(a)    Right to Exercise. This Option may be exercised only within the term set out in the Notice of Grant, and may
be exercised during such term only in accordance with the Plan and the terms of this Award Agreement. 
 (b)    Method
of Exercise. This Option is exercisable by delivery of an exercise notice, in the form attached as Exhibit A (the “Exercise Notice”) or in a manner and pursuant to such procedures as the Administrator may determine, which will
state the election to exercise the Option, the number of Shares in respect of which the Option is being exercised (the “Exercised Shares”), and such other representations and agreements as may be required by the Company pursuant to the
provisions of the Plan. The Exercise Notice will be completed by Participant and delivered to the Company. The Exercise Notice will be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares together with any applicable tax
withholding. This Option will be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by such aggregate Exercise Price. 

5.    Method of Payment. Payment of the aggregate Exercise Price will be by any of the following, or a combination thereof,
at the election of Participant. 
 (a)    cash; 

(b)    check; 

(c)    consideration received by the Company under a formal cashless exercise program adopted by the Company in connection
with the Plan; or 
 (d)    surrender of other Shares which have a Fair Market Value on the date of surrender equal to
the aggregate Exercise Price of the Exercised Shares, provided that accepting such Shares, in the sole discretion of the Administrator, will not result in any adverse accounting consequences to the Company. 

6.    Tax Obligations. 

(a)    Withholding Taxes. Notwithstanding any contrary provision of this Award Agreement, no certificate
representing the Shares will be issued to Participant, unless and until satisfactory arrangements (as determined by the Administrator) will have been made by Participant with respect to the payment of any Tax Obligations which the Company determines
must be withheld with respect to such Shares. To the extent determined appropriate by the Company in its discretion, it will have the right (but not the obligation) to satisfy any Tax Obligations by reducing the number of Shares otherwise
deliverable to Participant. If Participant fails to make satisfactory arrangements for the payment of any required Tax Obligations hereunder at the time of the Option exercise, Participant acknowledges and agrees that the Company may refuse to honor
the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise. 

(b)    Notice of Disqualifying Disposition of ISO Shares. If the Option granted to Participant herein is an ISO, and
if Participant sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of (i) the date two (2) years after the Date of Grant, or (ii) the date one (1) year after the date of exercise,
Participant will immediately notify the Company in writing of such disposition. Participant agrees that Participant may be subject to income tax withholding by the Company on the compensation income recognized by Participant. 

 (c)    Code Section 409A. Under Code
Section 409A, an option that vests after December 31, 2004 (or that vested on or prior to such date but which was materially modified after October 3, 2004) that was granted with a per Share exercise price that is determined by the
Internal Revenue Service (the “IRS”) to be less than the Fair Market Value of a Share on the date of grant (a “Discount Option”) may be considered “deferred compensation.” A Discount Option may result in (i) income
recognition by Participant prior to the exercise of the option, (ii) an additional twenty percent (20%) federal income tax, and (iii) potential penalty and interest charges. The Discount Option may also result in additional state income,
penalty and interest charges to the Participant. Participant acknowledges that the Company cannot and has not guaranteed that the IRS will agree that the per Share exercise price of this Option equals or exceeds the Fair Market Value of a Share on
the Date of Grant in a later examination. Participant agrees that if the IRS determines that the Option was granted with a per Share exercise price that was less than the Fair Market Value of a Share on the date of grant, Participant will be solely
responsible for Participant’s costs related to such a determination. 
 7.    Rights as Stockholder. Neither
Participant nor any person claiming under or through Participant will have any of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares will
have been issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to Participant. After such issuance, recordation and delivery, Participant will have all the rights of a stockholder of the Company with
respect to voting such Shares and receipt of dividends and distributions on such Shares. 
 8.    No Guarantee of
Continued Service. PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR
RETAINING PARTICIPANT) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING
SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT
OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. 

9.    Address for Notices. Any notice to be given to the Company under the terms of this Award Agreement will be addressed
to the Company at Cornerstone OnDemand, Inc. 1601 Cloverfield Blvd., Suite 620, Santa Monica, CA 90404, or at such other address as the Company may hereafter designate in writing. 

 10.    Non-Transferability of
Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by Participant. 

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

12.    Additional Conditions to Issuance of Stock. If at any time the Company will determine, in its discretion, that the
listing, registration or qualification of the Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the issuance of
Shares to Participant (or his or her estate), such issuance will not occur unless and until such listing, registration, qualification, consent or approval will have been effected or obtained free of any conditions not acceptable to the Company. The
Company will make all reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such governmental authority. Assuming such compliance, for income tax
purposes the Exercised Shares will be considered transferred to Participant on the date the Option is exercised with respect to such Exercised Shares. 

13.    Plan Governs. This Award Agreement is subject to all terms and provisions of the Plan. In the event of a conflict
between one or more provisions of this Award Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. Capitalized terms used and not defined in this Award Agreement will have the meaning set forth in the Plan. 

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

15.    Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to Options
awarded under the Plan or future options that may be awarded under the Plan by electronic means or request Participant’s consent to participate in the Plan by electronic means. Participant hereby consents to receive such documents by electronic
delivery and agrees to participate in the Plan through any on-line or electronic system established and maintained by the Company or another third party designated by the Company. 

16.    Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or
construction of this Award Agreement. 
 17.    Agreement Severable. In the event that any provision in this Award
Agreement will be held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Award Agreement. 

 18.    Modifications to the Agreement. This Award Agreement constitutes
the entire understanding of the parties on the subjects covered. Participant expressly warrants that he or she is not accepting this Award Agreement in reliance on any promises, representations, or inducements other than those contained herein.
Modifications to this Award Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Award Agreement, the Company
reserves the right to revise this Award Agreement as it deems necessary or advisable, in its sole discretion and without the consent of Participant, to comply with Code Section 409A or to otherwise avoid imposition of any additional tax or
income recognition under Section 409A of the Code in connection to this Option. 
 19.    Amendment, Suspension or
Termination of the Plan. By accepting this Award, Participant expressly warrants that he or she has received an Option under the Plan, and has received, read and understood a description of the Plan. Participant understands that the Plan is
discretionary in nature and may be amended, suspended or terminated by the Company at any time. 
 20.    Governing Law.
This Award Agreement is governed by the internal substantive laws, but not the choice of law rules, of California. 

21.    Entire Agreement. The Plan is incorporated herein by reference. The Plan and this Award Agreement (including the
exhibits referenced herein) constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect to the subject
matter hereof, and may not be modified adversely to the Participant’s interest except by means of a writing signed by the Company and Participant. 

					
	PARTICIPANT	 	            	 	CORNERSTONE ONDEMAND, INC.
			
	 	 		 	 
	Signature	 		 	By
			
	 	 		 	 
	Print Name	 		 	Print Name
			
	 	 		 	 
	Date	 		 	Title
			
		 		 	 
		 		 	Date
	Address:	 		 	
			
	 	 		 	
			
	 	 		 	

 EXHIBIT A 

CORNERSTONE ONDEMAND, INC. 

2010 EQUITY INCENTIVE PLAN 

EXERCISE NOTICE 
 Cornerstone OnDemand,
Inc. 
 1601 Cloverfield Blvd., Suite 620 
 Santa Monica, CA
90404 
 Attention: Plan Administrator 

(a)    Exercise of Option. Effective as of today,
                        ,         , the undersigned (“Purchaser”)
hereby elects to purchase                      shares (the “Shares”) of the Common Stock of Cornerstone OnDemand, Inc. (the
“Company”) under and pursuant to the 2010 Equity Incentive Plan, as may be amended from time to time (the “Plan”) and the Stock Option Award Agreement dated
                     (the “Award Agreement”). The purchase price for the Shares will be
$                        , as required by the Award Agreement. 

(b)    Delivery of Payment. Purchaser herewith delivers to the Company the full purchase price of the Shares and any
required tax withholding to be paid in connection with the exercise of the Option. 
 (c)    Representations of
Purchaser. Purchaser acknowledges that Purchaser has received, read and understood the Plan and the Award Agreement and agrees to abide by and be bound by their terms and conditions. 

(d)    Rights as Stockholder. Until the issuance (as evidenced by the appropriate entry on the books of the Company or of a
duly authorized transfer agent of the Company) of the Shares, no right to vote or receive dividends or any other rights as a stockholder will exist with respect to the Shares subject to the Option, notwithstanding the exercise of the Option. The
Shares so acquired will be issued to Purchaser as soon as practicable after exercise of the Option. No adjustment will be made for a dividend or other right for which the record date is prior to the date of issuance, except as provided in
Section 14 of the Plan. 
 (e)    Tax Consultation. Purchaser understands that Purchaser may suffer adverse tax
consequences as a result of Purchaser’s purchase or disposition of the Shares. Purchaser represents that Purchaser has consulted with any tax consultants Purchaser deems advisable in connection with the purchase or disposition of the Shares and
that Purchaser is not relying on the Company for any tax advice. 
 (f)    Entire Agreement; Governing Law. The Plan and
Award Agreement are incorporated herein by reference. This Exercise Notice, the Plan and the Award Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior
undertakings and agreements of the Company and Purchaser with respect to the subject matter hereof, and may not be modified adversely to the Purchaser’s interest except by means of a writing signed by the Company and Purchaser. This agreement
is governed by the internal substantive laws, but not the choice of law rules, of the State of California. 

					
	Submitted by:	 		 	Accepted by:
			
	PARTICIPANT	 	            	 	CORNERSTONE ONDEMAND, INC.
			
	 	 		 	 
	Signature	 		 	By
			
	 	 		 	 
	Print Name	 		 	Print Name
			
	 	 		 	 
	Date	 		 	Title
			
		 		 	 
		 		 	Date
	Address:	 		 	
			
	 	 		 	
			
	 	 		 	
			
		 		 	 
		 		 	Date Received

 CORNERSTONE ONDEMAND, INC. 

2010 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

Unless otherwise defined herein, the terms defined in the Cornerstone OnDemand, Inc. 2010 Equity Incentive Plan, as may be amended from time to
time (the “Plan”) will have the same defined meanings in this Restricted Stock Unit Award Agreement (the “Award Agreement”). 
  

	I.	 NOTICE OF GRANT OF RESTRICTED STOCK UNITS 

Name:     

Address:     

The undersigned Participant has been granted the right to receive an Award of Restricted Stock Units, subject to the terms and conditions of
the Plan and this Award Agreement, as follows: 
  

							
	Grant Number:	  		  	                                
			
	Date of Grant:	  		  	
			
	Vesting Commencement Date:	  		  	
			
	Number of Restricted Stock Units:	  		  	

 Vesting Schedule: 

Subject to any acceleration provisions contained in the Plan or set forth below, the Restricted Stock Units will vest in accordance with the
following schedule: 
 One-fourth (1/4) of the total RSUs shall vest on the first anniversary of the Vesting
Commencement Date, one-fourth (1/4) of the total RSUs shall vest on the second anniversary of the Vesting Commencement Date, one-fourth (1/4) of the total RSUs shall
vest on the third anniversary of the Vesting Commencement Date, and one-fourth (1/4) of the total RSUs shall vest on the fourth anniversary of the Vesting Commencement Date, subject to the RSU Participant
continuing to be a Service Provider (as defined in the Plan) through each such date. 
 In the event Participant ceases to be a Service Provider for any or
no reason before Participant vests in the Restricted Stock Units, the Restricted Stock Units and Participant’s right to acquire any Shares hereunder will immediately terminate. 

 

	II.	 AGREEMENT 

1.    Grant of Restricted Stock Units. The Company hereby grants to the individual named in the Notice of Grant of
Restricted Stock Units in Part I of this Award Agreement (the 

 
“Participant”) under the Plan an Award of Restricted Stock Units, subject to all of the terms and conditions in this Award Agreement and the Plan, which is incorporated herein by
reference. Subject to Section 19(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Award Agreement, the terms and conditions of the Plan will prevail. 

2.    Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the
date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3, 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 Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Any Restricted Stock Units that vest in accordance with Sections 3 or 4 will be paid to
Participant (or in the event of Participant’s death, to his or her estate) in whole Shares, subject to Participant satisfying any applicable Tax Obligations as set forth in Section 7. Subject to the provisions of Section 4, such
vested Restricted Stock Units will be paid in Shares as soon as practicable after vesting, but in each such case within the period ending no later than the date that is two and one-half (21⁄2) months from
the end of the Company’s tax year that includes the vesting date. 
 3.    Vesting Schedule. Except as
provided in Section 4, and subject to Section 5, the Restricted Stock Units awarded by this Award Agreement will vest in accordance with the vesting provisions set forth in the Notice of Grant of Restricted Stock Units (the “Notice of
Grant”). Restricted Stock Units scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in Participant in accordance with any of the provisions of this Award Agreement, unless Participant will have been
continuously a Service Provider from the Date of Grant until the date such vesting occurs. 
 4.    Administrator
Discretion. The Administrator, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the balance, of the unvested Restricted Stock Units at any time, subject to the terms of the Plan. If so accelerated, such
Restricted Stock Units will be considered as having vested as of the date specified by the Administrator. 
 Notwithstanding anything in the
Plan or this Award Agreement to the contrary, if the vesting of the balance, or some lesser portion of the balance, of the Restricted Stock Units is accelerated in connection with Participant’s termination as a Service Provider (provided that
such termination is a “separation from service” within the meaning of Section 409A, as determined by the Company), other than due to death, and if (x) Participant is a “specified employee” within the meaning of
Section 409A at the time of such termination as a Service Provider and (y) the payment of such accelerated Restricted Stock Units will result in the imposition of additional tax under Section 409A if paid to Participant on or within
the six (6) month period following Participant’s termination as a Service Provider, then the payment of such accelerated Restricted Stock Units will not be made until the date six (6) months and one (1) day following the date of
Participant’s termination as a Service Provider, unless the Participant dies following his or her termination as a Service Provider, in which case, the Restricted Stock Units will be paid in Shares to the Participant’s estate as soon as
practicable following his or her death. It is the intent of this Award Agreement to comply with the requirements of Section 409A so that none of the Restricted Stock Units provided under this Award Agreement or Shares issuable thereunder will
be subject to the 

 
additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. For purposes of this Award Agreement, “Section 409A” means
Section 409A of the Code, and any proposed, temporary or final Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time. 

5.    Forfeiture upon Termination of Status as a Service Provider. Notwithstanding any contrary provision of this
Award Agreement, the balance of the Restricted Stock Units that have not vested as of the time of Participant’s termination as a Service Provider for any or no reason and Participant’s right to acquire any Shares hereunder will immediately
terminate. 
 6.    Death of Participant. Any distribution or delivery to be made to Participant under this Award
Agreement will, if Participant is then deceased, be made to Participant’s designated beneficiary, or if no beneficiary survives Participant, the administrator or executor of Participant’s estate. 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 Award Agreement, no certificate
representing the Shares will be issued to Participant, unless and until satisfactory arrangements (as determined by the Administrator) will have been made by Participant with respect to the payment of any Tax Obligations which the Company determines
must be withheld with respect to such Shares. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit Participant to satisfy such Tax Obligation, in whole or in part (without
limitation) by (a) paying cash, (b) electing to have the Company withhold otherwise deliverable Shares having a Fair Market Value equal to the minimum amount required to be withheld, (c) delivering to the Company already vested and
owned Shares having a Fair Market Value equal to the amount required to be withheld, or (d) selling a sufficient number of such Shares otherwise deliverable to Participant through such means as the Company may determine in its sole discretion
(whether through a broker or otherwise) equal to the amount required to be withheld. To the extent determined appropriate by the Company in its discretion, it will have the right (but not the obligation) to satisfy any Tax Obligations by reducing
the number of Shares otherwise deliverable to Participant. If Participant fails to make satisfactory arrangements for the payment of any required Tax Obligations hereunder at the time any applicable Restricted Stock Units otherwise are scheduled to
vest pursuant to Sections 3 or 4, Participant will permanently forfeit such Restricted Stock Units and any right to receive Shares thereunder and the Restricted Stock Units will be returned to the Company at no cost to the Company. 

8.    Rights as Stockholder. Neither Participant nor any person claiming under or through Participant will have any
of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares will have been issued, recorded on the records of the Company or its transfer agents or
registrars, and delivered to Participant. After such issuance, recordation and delivery, Participant will have all the rights of a stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such
Shares. 
 9.    No Guarantee of Continued Service. PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF THE
RESTRICTED STOCK UNITS PURSUANT TO THE 

 
VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH THE ACT OF
BEING HIRED, BEING GRANTED THIS AWARD OF RESTRICTED STOCK UNITS OR ACQUIRING SHARES HEREUNDER. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN
DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY (OR THE
PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. 

10.    Address for Notices. Any notice to be given to the Company under the terms of this Award Agreement will be
addressed to the Company at Cornerstone OnDemand, Inc. 1601 Cloverfield Blvd., Suite 620, Santa Monica, CA 90404, 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.    Binding Agreement. Subject to the limitation on the
transferability of this grant contained herein, this Award Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 

13.    Additional Conditions to Issuance of Stock. If at any time the Company will determine, in its discretion,
that the listing, registration or qualification of the Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the
issuance of Shares to 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 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. The Company will make all reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such
governmental authority. 
 14.    Plan Governs. This Award Agreement is subject to all terms and provisions of the
Plan. In the event of a conflict between one or more provisions of this Award Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. Capitalized terms used and not defined in this Award Agreement will have the
meaning set forth in the Plan. 

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

16.    Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to
Restricted Stock Units awarded under the Plan or future Restricted Stock Units that may be awarded under the Plan by electronic means or request Participant’s consent to participate in the Plan by electronic means. Participant hereby consents
to receive such documents by electronic delivery and agrees to participate in the Plan through any on-line or electronic system established and maintained by the Company or another third party designated by
the Company. 
 17.    Captions. Captions provided herein are for convenience only and are not to serve as a basis
for interpretation or construction of this Award Agreement. 
 18.    Agreement Severable. In the event that any
provision in this Award Agreement will be held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Award Agreement.

 19.    Modifications to the Award Agreement. This Award Agreement constitutes the entire understanding of the
parties on the subjects covered. Participant expressly warrants that he or she is not accepting this Award Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Award
Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Award Agreement, the Company reserves the right to revise this
Award Agreement as it deems necessary or advisable, in its sole discretion and without the consent of Participant, to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A
in connection to this Award of Restricted Stock Units. 
 20.    Amendment, Suspension or Termination of the Plan.
By accepting this Award, Participant expressly warrants that he or she has received an Award of Restricted Stock Units under the Plan, and has received, read and understood a description of the Plan. Participant understands that the Plan is
discretionary in nature and may be amended, suspended or terminated by the Company at any time. 
 21.    Governing
Law. This Award Agreement is governed by the internal substantive laws, but not the choice of law rules, of California. 

22.    Entire Agreement. The Plan is incorporated herein by reference. The Plan and this Award Agreement (including
the exhibits referenced herein) constitute the entire agreement of the 

 
parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect to the subject matter hereof,
and may not be modified adversely to the Participant’s interest except by means of a writing signed by the Company and Participant. 
  

					
	PARTICIPANT	 	            	 	CORNERSTONE ONDEMAND, INC.
			
	 	 		 	 
	Signature	 		 	By
			
	 	 		 	 
	Print Name	 		 	Print Name
			
	 	 		 	 
	Date	 		 	Title
			
		 		 	 
		 		 	Date
	Address:	 		 	
			
	 	 		 	

 CORNERSTONE ONDEMAND, INC. 

2010 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

Unless otherwise defined herein, the terms defined in the Cornerstone OnDemand, Inc. 2010 Equity Incentive Plan, as may be amended from time
to time (the “Plan”) will have the same defined meanings in this Restricted Stock Unit Award Agreement (the “Award Agreement”). 
  

	I.	 NOTICE OF GRANT OF RESTRICTED STOCK UNITS 

Name:                [-] 

Address: 
 The
undersigned Participant has been granted the right to receive an Award of Restricted Stock Units (the “Award”), subject to the terms and conditions of the Plan and this Award Agreement, as follows: 

 

							
	Grant Number:	  	2010-[-]	  	                                
			
	Date of Grant:	  	[-]	  	
			
	Vesting Commencement Date:	  	[-]	  	
			
	Maximum Number of Restricted Stock Units:	  	[-]	  	
			
	Target Number of Restricted Stock Units:	  	[-]	  	

 Vesting Schedule: 

Subject to any acceleration provisions contained in the Plan or set forth below, the Restricted Stock Units will vest in accordance with the
following schedule: 
 General 
 The
number of Restricted Stock Units subject to the Award that will become eligible for time-based vesting as set forth below will depend upon the Company’s Financial Performance Level (as defined below) as adjusted for the Revenue Modifier (as
defined below), if at all, for the Company’s 2020 fiscal year (or such time period as described below in the event of a New Measurement Date (as defined below)) and will be determined in accordance with this Award Agreement. 

The “Performance Period” will begin on January 1, 2018 and will end on December 31, 2020 (the
“Anniversary Date”), with the Company’s performance measured based on performance for the 2020 fiscal year (or such time period as described below in the event of a New Measurement

 
Date). Notwithstanding the foregoing, in the event of a Change of Control (as defined below) where the acquiror does not assume or substitute for the Award, the Performance Period shall be deemed
to end upon the consummation of the Change of Control (the “Closing”) and the treatment of the Award will be as set forth in this Award Agreement. The Anniversary Date, or if earlier, the Closing, is referred to herein as the
“Period End Date”. 
 If Participant ceases to be a Service Provider prior to the Period End Date for any reason, and
except as provided in this Award Agreement, the Restricted Stock Units subject to the Award will terminate and be cancelled and Participant will have no further rights with respect to such Restricted Stock Units. Any Restricted Stock Units subject
to the Award that are determined to not be Eligible Restricted Stock Units as of the Period End Date shall terminate and be cancelled and Participant will have no further rights with respect to such Restricted Stock Units. Further, time-based
vesting is subject to Participant continuing to be a Service Provider through the applicable vesting date, subject to the vesting acceleration provisions set forth below. 

Performance Matrix 
 The number of
Restricted Stock Units subject to the Award that will become eligible for time-based vesting (“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 sixty (60) days of the Period End Date (the date of determination, the “Certification Date”) and will depend upon the Company’s Financial
Performance Level as adjusted for the Revenue Modifier, if at all, for the 2020 fiscal year (or such time period as described below in the event of a New Measurement Date), both calculated as of the Period End Date as described herein. 

The “Financial Performance Level” means the sum of the Subscription Revenue Growth (as defined below) plus the Unlevered Free
Cash Flow Margin (as defined below) for the Company’s 2020 fiscal year (or such time period as described below in the event of a New Measurement Date). For purposes of calculating the Financial Performance Level, results will be expressed to
the nearest hundredth, with amounts equal to .05 and up rounded up to the nearest whole tenth and amounts below .05 rounded down to the nearest whole tenth. 

The “Subscription Revenue Growth” is expressed as a percentage and is defined as the Company’s GAAP subscription revenue
(“Subscription Revenue”) for the Company’s 2020 fiscal year (or such time period as described below in the event of a New Measurement Date) as reported in the Results of Operations in Management’s Discussion and Analysis
of Financial Condition or in the financial statements included with the Form 10-K and will be calculated under accounting standards in place on the Date of Grant, subject to any M&A Adjustment (as defined
below). Subscription Revenue for a given year will be adjusted to use a constant currency should the average Great Britain Pound (“GBP”) to United States Dollar (“USD”) and Euro to USD exchange rates vary from the
prior year’s average exchange rates. Constant currency will be calculated using the weighted-average rate of the prior year’s respective exchange rates applied to the current year’s GBP or Euro denominated Subscription Revenue. 

 “Unlevered Free Cash Flow Margin” is expressed as a percentage and is
calculated by dividing Unlevered Free Cash Flow (as defined below) for the Company’s 2020 fiscal year (or such time period as described below in the event of a New Measurement Date) divided by the Company’s Revenue (as defined below) for
the Company’s 2020 fiscal year (or such time period as described below in the event of a New Measurement Date), subject to any M&A Adjustment. 

“Unlevered Free Cash Flow” is calculated by taking the Company’s GAAP cash flow from operating activities minus purchase
of property and equipment and capitalized software costs. Unlevered Free Cash Flow will be adjusted to remove the impact of the following: 
  

	 	•	 	 Cash paid or received for legal settlements in excess of $250,000 in a given year; 

 

	 	•	 	 Cash paid related to a restructuring charge in excess of $250,000 in a given year; 

 

	 	•	 	 Cash income tax paid for subsidiaries that the Company may begin to pay where it was not forecasted to generate
taxable income at the time the Unlevered Free Cash Flow target was determined; or 

  

	 	•	 	 Cash interest expense paid during the period. 

“Revenue” means the Company’s GAAP revenue as reported in the Results of Operations in Management’s Discussion and
Analysis of Financial Conditions or in the financial statements included with the Form 10-K and will be calculated under accounting standards in place at the Date of Grant. 

“M&A Adjustment” means that, notwithstanding the foregoing, if, subsequent to the Date of Grant, the Company consummates
any merger or acquisition resulting in the financials of the target company (“Target”) being consolidated with the Company’s standalone financials (“Consolidation”), the Financial Performance Level for the
Company’s 2020 fiscal year (or such time period as described below in the event of a New Measurement Date) shall be calculated as follows, starting with the first fiscal year after the fiscal year where the Consolidation occurred: 

 

	 	•	 	 “Subscription Revenue Growth” shall mean ((total Subscription Revenue for the current fiscal
year minus the Board-approved pro forma Revenue for Target for the current fiscal year) / (total Subscription Revenue for the prior fiscal year minus the Board-approved pro forma Revenue for Target for the prior fiscal year)) minus one
(1). 

  

	 	•	 	 “Unlevered Free Cash Flow Margin” shall mean ((total Unlevered Free Cash Flow for the current
fiscal year minus the Board-approved pro forma Unlevered Free Cash Flow for Target for the current fiscal year) / (total Revenue for the current fiscal year minus the Board-approved pro forma Revenue for Target for the current fiscal
year)) minus one (1). 

  

	 	•	 	 For clarity, the Board approved pro forma models shall incorporate any financial syngergies expected as a
result of the merger or acquisition. 

 Eligible Restricted Stock Unit Calculation: 

 

							
	Level*	    	Financial
Performance Level	    	Percentage of Target
Number of Restricted
Stock Units that Become
Eligible Restricted Stock
Units**	    	Number of Eligible
Restricted Stock
Units**
	1	    	Below 20%	    	0%	    	0
	2	    	20%	    	25%	    	18,010
	3	    	35%	    	90%	    	64,837
	4	    	40%	    	100%	    	72,042
	5	    	45% or above	    	200%	    	144,084

  

	*	 The number of Restricted Stock Units that will become Eligible Restricted Stock Units shall be calculated
linearly between levels. 

	**	 Any partial Shares will be rounded down to the nearest whole Share and any fractional Shares will be forfeited
for no consideration. 

 In addition, the percentage of Target Number of Restricted Stock Units that become Eligible
Restricted Stock Units earned at any given Financial Performance Level will increase by: (i) seven (7) percentage points if the Subscription Revenue Growth for the Company’s 2020 fiscal year (or such time period as described below in the
event of a New Measurement Date) is 15%, and (ii) fifty (50) percentage points if the Subscription Revenue Growth for the Company’s 2020 fiscal year (or such time period as described below in the event of a New Measurement Date) is 21%,
with the increase being calculated linearly between these two levels (the “Revenue Modifier”). 
 In no event may more than
100% of the Maximum Number of Restricted Stock Units be Eligible Restricted Stock Units. 
 Time-Based Vesting 

Eligible Restricted Stock Units will be scheduled to vest in accordance with the following schedule, subject to Participant continuing to
remain a Service Provider through the applicable vesting date: 100% of the Eligible Restricted Stock Units will vest on the third anniversary of the Date of Grant (the “Vesting Date”) (subject to any acceleration provisions
contained in this Award Agreement). Subject to the provisions of the Award Agreement, in the event Participant ceases to be a Service Provider for any or no reason before the Vesting Date, the Eligible Restricted Stock Units and Participant’s
right to acquire Shares thereunder will immediately terminate and such Eligible Restricted Stock Units will immediately be forfeited and canceled. 

 Involuntary Termination 

For purposes of this Award Agreement, an “Involuntary Termination” means that Participant is terminated as a result of either
(i) a termination by the Company without Cause (as defined below) or (ii) a termination by Participant for Good Reason (as defined below). In the event of an Involuntary Termination and notwithstanding anything to the contrary in
(i) a Participant’s Change of Control Severance Agreement and/or Employment Agreement with the Company, or (ii) the Plan, the Award will be treated as follows: 
  

	 	•	 	 If the Involuntary Termination occurs within twelve (12) months following the Date of Grant and outside of a
Change of Control Period (as defined below), zero (0) Restricted Stock Units subject to the Award will be considered Eligible Restricted Stock Units and 100% of the Restricted Stock Units subject to the Award shall terminate and be cancelled on
the three (3) month anniversary of the Involuntary Termination (the date of the Involuntary Termination, the “Termination Date”) if no Change of Control has occurred as of the three (3) month anniversary of the Termination
Date and Participant will have no further rights with respect to such Restricted Stock Units. 

  

	 	•	 	 If the Involuntary Termination occurs within twenty-four (24) months following the Date of Grant and during
a Change of Control Period, 100% of the Target Number of Restricted Stock Units will become Eligible Restricted Stock Units and will fully vest on the Termination Date and the remaining Restricted Stock Units subject to the Award will terminate and
Participant will have no further rights with respect to such Restricted Stock Units. 

  

	 	•	 	 If the Involuntary Termination occurs more than twelve (12) months following the Date of Grant and outside a
Change of Control Period, the Restricted Stock Units subject to the Award will not terminate and instead, will remain outstanding and the number of Eligible Restricted Stock Units will be calculated on the Period End Date as set forth in this Award
Agreement as if the Involuntary Termination has not occurred. The actual number of Eligible Restricted Stock Units that will vest on the third anniversary of the Date of Grant will be pro-rated by multiplying
the calculated number of Eligible Restricted Stock Units by a fraction with (i) a numerator equal to the number of completed calendar days that have elapsed between the Date of Grant and the Termination Date, and (ii) a denominator equal
to the number of calendar days in the Performance Period. 

  

	 	•	 	 If the Involuntary Termination occurs more than twenty-four (24) months following the Date of Grant and
during a Change of Control Period, or, if the Award is not assumed or substituted for by an acquirer in connection with the Change of Control (in either event, the Termination Date or the Closing referred to as the “New Measurement
Date”), then the Eligible Restricted Stock Units will vest in full on the Termination Date, or, the Closing if the Award is not assumed or substituted for by an acquirer in connection with the Change of Control, and the number of Eligible
Restricted Stock Units will equal the greater of (i) the number of Eligible Restricted Stock Units calculated based on actual performance during the twelve (12) month period immediately prior to the Change of Control, or (ii) 100% of the
Target Number of Restricted Stock Units; provided, however, that the number of Eligible Restricted Stock Units will not exceed 200% of the Target Number of Restricted Stock Units. 

Any accelerated vesting in connection with an Involuntary Termination is subject to 

 
Participant signing and not revoking a separation agreement and release of claims in a form satisfactory to the Company (the “Release”), which must become effective and
irrevocable no later than the sixtieth (60th) day following Participant’s termination of employment (the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Participant
will forfeit any right to accelerated vesting under this Agreement. In no event will any accelerated vesting occur until the Release actually becomes effective and irrevocable. 

For purposes of clarification, upon an Involuntary Termination that occurs prior to a Change of Control, any Restricted Stock Units subject to
this Award will remain outstanding for a period of three (3) months following the Involuntary Termination in order to determine if a Change of Control occurs. If a Change of Control does occur during such three (3) month period, the
Restricted Stock Units subject to this Award will be treated as set forth above and including, for avoidance of doubt, the treatment of the Award if the Award is not assumed or substituted for by the acquiror as described above. If a Change of
Control does not occur during such three (3) month period, the Restricted Stock Units subject to the Award that had remained outstanding solely to determine whether they would have vested as a result of the Involuntary Termination provisions
applicable during the Change of Control Period set forth above will terminate on the expiration of the three (3) month period. 
 For
further purposes of clarification, the acceleration set forth in this Award Agreement is meant to be in lieu of, and not in addition to, any acceleration provisions set forth in any Change of Control Severance Agreement and any Employment Agreement
between Participant and the Company. 
 For purposes of this Award Agreement, “Cause” will have the meaning set forth in
the Company’s form of Change of Control Severance Agreement filed with the Securities and Exchange Commission on August 7, 2013. 

For purposes of this Award Agreement, “Change of Control” will have the meaning set forth in the Company’s form of
Change of Control Severance Agreement filed with the Securities and Exchange Commission on August 7, 2013. 
 For purposes of this
Award Agreement, “Change of Control Period” will have the meaning set forth in the Company’s form of Change of Control Severance Agreement filed with the Securities and Exchange Commission on August 7, 2013. 

For purposes of this Award Agreement, “Good Reason” will have the meaning set forth in Participant’s own Change of
Control Severance Agreement, or, if no such agreement is then existing, the Company’s form of Change of Control Severance Agreement filed with the Securities and Exchange Commission on August 7, 2013. 

 

	II.	 AGREEMENT 

1.    Grant of Restricted Stock Units. The Company hereby grants to the individual named in the Notice of Grant of
Restricted Stock Units in Part I of this Award Agreement (the 

 
“Participant”) under the Plan an Award of Restricted Stock Units, subject to all of the terms and conditions in this Award Agreement and the Plan, which is incorporated herein by
reference. Subject to Section 19(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Award Agreement, the terms and conditions of the Plan will prevail. 

2.    Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a
Share on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3, 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 Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Any Restricted Stock Units that vest in accordance with Sections 3 or 4 will
be paid to Participant (or in the event of Participant’s death, to his or her estate) in whole Shares, subject to Participant satisfying any applicable Tax Obligations as set forth in Section 7. Subject to the provisions of Section 4,
such vested Restricted Stock Units will be paid in Shares as soon as practicable after vesting, but in each such case within the period ending no later than the date that is the fifteenth (15th) day of the third (3rd) month from the end of the
Company’s tax year that includes the vesting date. 
 3.    Vesting Schedule. Except as provided in
Section 4, and subject to Section 5, the Restricted Stock Units awarded by this Award Agreement will vest in accordance with the vesting provisions set forth in the Notice of Grant of Restricted Stock Units (the “Notice of
Grant”). Subject to the provisions of the Award Agreement, Restricted Stock Units scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in Participant in accordance with any of the provisions of
this Award Agreement, unless Participant will have been continuously a Service Provider from the Date of Grant through the applicable vesting date. 

4.    Administrator Discretion. The Administrator, in its discretion, may accelerate the vesting of the balance, or
some lesser portion of the balance, of the unvested Restricted Stock Units at any time, subject to the terms of the Plan. If so accelerated, such Restricted Stock Units will be considered as having vested as of the date specified by the
Administrator. 
 Notwithstanding anything in the Plan or this Award Agreement to the contrary, if the vesting of the balance, or some lesser
portion of the balance, of the Restricted Stock Units is accelerated in connection with Participant’s termination as a Service Provider (provided that such termination is a “separation from service” within the meaning of
Section 409A, as determined by the Company), other than due to death, and if (x) Participant is a “specified employee” within the meaning of Section 409A at the time of such termination as a Service Provider and
(y) the payment of such accelerated Restricted Stock Units will result in the imposition of additional tax under Section 409A if paid to Participant on or within the six (6) month period following Participant’s termination as a
Service Provider, then the payment of such accelerated Restricted Stock Units will not be made until the date six (6) months and one (1) day following the date of Participant’s termination as a Service Provider, unless the Participant
dies following his or her termination as a Service Provider, in which case, the Restricted Stock Units will be paid in Shares to the Participant’s estate as soon as practicable following his or her death. It is the intent of this Award
Agreement to comply with the requirements of Section 409A so that none of the Restricted Stock Units provided under this Award Agreement or Shares issuable 

 
thereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. For purposes of this Award Agreement,
“Section 409A” means Section 409A of the Code, and any proposed, temporary or final Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time. 

5.    Forfeiture upon Termination of Status as a Service Provider. Subject to the provisions of this Award
Agreement, the balance of the Restricted Stock Units that have not vested as of the time of Participant’s termination as a Service Provider for any or no reason and Participant’s right to acquire any Shares hereunder will immediately
terminate. 
 6.    Death of Participant. Any distribution or delivery to be made to Participant under this Award
Agreement will, if Participant is then deceased, be made to Participant’s designated beneficiary, or if no beneficiary survives Participant, the administrator or executor of Participant’s estate. 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 Award Agreement, no certificate
representing the Shares will be issued to Participant, unless and until satisfactory arrangements (as determined by the Administrator) will have been made by Participant with respect to the payment of any Tax Obligations which the Company determines
must be withheld with respect to such Shares. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit Participant to satisfy such Tax Obligation, in whole or in part (without
limitation) by (a) paying cash, (b) electing to have the Company withhold otherwise deliverable Shares having a Fair Market Value equal to the minimum amount required to be withheld, (c) delivering to the Company already vested and
owned Shares having a Fair Market Value equal to the amount required to be withheld, or (d) selling a sufficient number of such Shares otherwise deliverable to Participant through such means as the Company may determine in its sole discretion
(whether through a broker or otherwise) equal to the amount required to be withheld. To the extent determined appropriate by the Company in its discretion, it will have the right (but not the obligation) to satisfy any Tax Obligations by reducing
the number of Shares otherwise deliverable to Participant. If Participant fails to make satisfactory arrangements for the payment of any required Tax Obligations hereunder at the time any applicable Restricted Stock Units otherwise are scheduled to
vest pursuant to Sections 3 or 4, Participant will permanently forfeit such Restricted Stock Units and any right to receive Shares thereunder and the Restricted Stock Units will be returned to the Company at no cost to the Company. 

8.    Rights as Stockholder. Neither Participant nor any person claiming under or through Participant will have any
of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares will have been issued, recorded on the records of the Company or its transfer agents or
registrars, and delivered to Participant. After such issuance, recordation and delivery, Participant will have all the rights of a stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such
Shares. 

 9.    No Guarantee of Continued Service. PARTICIPANT ACKNOWLEDGES
AND AGREES THAT THE VESTING OF THE RESTRICTED STOCK UNITS PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) AND NOT
THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS AWARD OF RESTRICTED STOCK UNITS OR ACQUIRING SHARES HEREUNDER. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE
SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE
COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. 

10.    Address for Notices. Any notice to be given to the Company under the terms of this Award Agreement will be
addressed to the Company at Cornerstone OnDemand, Inc. 1601 Cloverfield Blvd., Suite 620, Santa Monica, CA 90404, 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.    Binding Agreement. Subject to the limitation on the
transferability of this grant contained herein, this Award Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 

13.    Additional Conditions to Issuance of Stock. If at any time the Company will determine, in its discretion,
that the listing, registration or qualification of the Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the
issuance of Shares to 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 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. The Company will make all reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such
governmental authority. 

 14.    Plan Governs. This Award Agreement is subject to all terms
and provisions of the Plan. In the event of a conflict between one or more provisions of this Award Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. Capitalized terms used and not defined in this Award
Agreement will have the meaning set forth in the Plan. 
 15.    Administrator Authority. The Administrator will
have the power to interpret the Plan and this Award Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not
limited to, the determination of whether or not any Restricted Stock Units have vested). All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon Participant, the Company and
all other interested persons. No member of the Administrator will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Award Agreement. 

16.    Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to
Restricted Stock Units awarded under the Plan or future Restricted Stock Units that may be awarded under the Plan by electronic means or request Participant’s consent to participate in the Plan by electronic means. Participant hereby consents
to receive such documents by electronic delivery and agrees to participate in the Plan through any on-line or electronic system established and maintained by the Company or another third party designated by
the Company. 
 17.    Captions. Captions provided herein are for convenience only and are not to serve as a basis
for interpretation or construction of this Award Agreement. 
 18.    Agreement Severable. In the event that any
provision in this Award Agreement will be held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Award Agreement.

 19.    Modifications to the Award Agreement. This Award Agreement constitutes the entire understanding of the
parties on the subjects covered. Participant expressly warrants that he or she is not accepting this Award Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Award
Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Award Agreement, the Company reserves the right to revise this
Award Agreement as it deems necessary or advisable, in its sole discretion and without the consent of Participant, to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A
in connection to this Award of Restricted Stock Units. 
 20.    Amendment, Suspension or Termination of the Plan.
By accepting this Award, Participant expressly warrants that he or she has received an Award of Restricted Stock Units under the Plan, and has received, read and understood a description of the Plan. Participant understands that the Plan is
discretionary in nature and may be amended, suspended or terminated by the Company at any time. 

 21.    Governing Law. This Award Agreement is governed by the
internal substantive laws, but not the choice of law rules, of California. 
 22.    Entire Agreement. The Plan is
incorporated herein by reference. The Plan and this Award Agreement (including the exhibits referenced herein) constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior
undertakings and agreements of the Company and Participant with respect to the subject matter hereof, and may not be modified adversely to the Participant’s interest except by means of a writing signed by the Company and Participant. 

 

					
	PARTICIPANT	 	            	 	CORNERSTONE ONDEMAND, INC.
			
	 	 		 	 
	Signature	 		 	By
			
	 	 		 	 
	Print Name	 		 	Print Name
			
	 	 		 	 
	Date	 		 	Title
			
		 		 	 
		 		 	Date
	Address:	 		 	
			
	 	 		 	
			
	 	 		 	

 CORNERSTONE ONDEMAND, INC. 

2010 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

Unless otherwise defined herein, the terms defined in the Cornerstone OnDemand, Inc. 2010 Equity Incentive Plan, as may be amended from time
to time (the “Plan”) will have the same defined meanings in this Restricted Stock Unit Award Agreement (the “Award Agreement”). 
  

	I.	 NOTICE OF GRANT OF RESTRICTED STOCK UNITS 

Name:                [-] 

Address: 
 The
undersigned Participant has been granted the right to receive an Award of Restricted Stock Units (the “Award”), subject to the terms and conditions of the Plan and this Award Agreement, as follows: 

 

							
	Grant Number:	  	2010-[-]	  	                                
			
	Date of Grant:	  	[-]	  	
			
	Vesting Commencement Date:	  	[-]	  	
			
	Maximum Number of Restricted Stock Units:	  	[-]	  	
			
	Target Number of Restricted Stock Units:	  	[-]	  	

 Vesting Schedule: 

Subject to any acceleration provisions contained in the Plan or set forth below, the Restricted Stock Units will vest in accordance with the
following schedule: 
 General 
 The
number of Restricted Stock Units subject to the Award that will become eligible for time-based vesting as set forth below will depend upon the Company’s Financial Performance Level (as defined below) as adjusted for the Revenue Modifier (as
defined below), if at all, for each of the Company’s 2020, 2021 and 2022 fiscal years (or such time period as described below in the event of a New Measurement Date (as defined below)) and will be determined in accordance with this Award
Agreement. 
 The “Performance Period” will begin on January 1, 2018 and will end on December 31, 2022 (the
“Anniversary Date”), with the Company’s performance measured 

 
based on performance for each of the Company’s 2020, 2021 and 2022 fiscal years (or such time period as described below in the event of a New Measurement Date) (each of the Company’s
2020, 2021 and 2022 fiscal years, a “Measurement Period”). Notwithstanding the foregoing, in the event of a Change of Control (as defined below) where the acquiror does not assume or substitute for the Award, the Performance Period
shall be deemed to end upon the consummation of the Change of Control (the “Closing”) and the treatment of the Award will be as set forth in this Award Agreement. The Anniversary Date, or if earlier, the Closing, is referred to
herein as the “Period End Date”. 
 If Participant ceases to be a Service Provider prior to the Period End Date for any
reason, and except as provided in this Award Agreement, the Restricted Stock Units subject to the Award will terminate and be cancelled and Participant will have no further rights with respect to such Restricted Stock Units. Any Restricted Stock
Units subject to the Award that are determined to not be Eligible Restricted Stock Units as of the Period End Date shall terminate and be cancelled and Participant will have no further rights with respect to such Restricted Stock Units. Further,
time-based vesting is subject to Participant continuing to be a Service Provider through the applicable vesting date, subject to the vesting acceleration provisions set forth below. 

Performance Matrix 
 The number of
Restricted Stock Units subject to the Award that will become eligible for time-based vesting (“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 sixty (60) days of the completion of each Measurement Period, or, if earlier, the Period End Date (each date of determination, the “Certification
Date”) and will depend upon the Company’s Financial Performance Level as adjusted for the Revenue Modifier, if at all, for each Measurement Period (or such time period as described below in the event of a New Measurement Date),
both calculated as of the completion of each Measurement Period, or, if earlier, the Period End Date as described herein. 
 The
“Financial Performance Level” means the sum of the Subscription Revenue Growth (as defined below) plus the Unlevered Free Cash Flow Margin (as defined below) for each Measurement Period (or such time period as described below in the
event of a New Measurement Date). For purposes of calculating the Financial Performance Level, results will be expressed to the nearest hundredth, with amounts equal to .05 and up rounded up to the nearest whole tenth and amounts below .05 rounded
down to the nearest whole tenth. 
 The “Subscription Revenue Growth” is expressed as a percentage and is defined as the
Company’s GAAP subscription revenue (“Subscription Revenue”) for each Measurement Period (or such time period as described below in the event of a New Measurement Date) as reported in the Results of Operations in
Management’s Discussion and Analysis of Financial Condition or in the financial statements included with the Form 10-K and will be calculated under accounting standards in place on the Date of Grant,
subject to any M&A Adjustment (as defined below). Subscription Revenue for a given year will be adjusted to use a constant currency should the average Great Britain Pound (“GBP”) to United States Dollar (“USD”)
and Euro to USD exchange rates vary from the prior year’s average exchange rates. Constant currency will be calculated using the weighted-average rate of the prior year’s respective exchange rates applied to the current year’s GBP or
Euro denominated Subscription Revenue. 

 “Unlevered Free Cash Flow Margin” is expressed as a percentage and is
calculated by dividing Unlevered Free Cash Flow (as defined below) for each Measurement Period (or such time period as described below in the event of a New Measurement Date) divided by the Company’s Revenue (as defined below) for each
Measurement Period (or such time period as described below in the event of a New Measurement Date), subject to any M&A Adjustment. 

“Unlevered Free Cash Flow” is calculated by taking the Company’s GAAP cash flow from operating activities minus purchase
of property and equipment and capitalized software costs. Unlevered Free Cash Flow will be adjusted to remove the impact of the following: 
  

	 	•	 	 Cash paid or received for legal settlements in excess of $250,000 in a given year; 

 

	 	•	 	 Cash paid related to a restructuring charge in excess of $250,000 in a given year; 

 

	 	•	 	 Cash income tax paid for subsidiaries that the Company may begin to pay where it was not forecasted to generate
taxable income at the time the Unlevered Free Cash Flow target was determined; or 

  

	 	•	 	 Cash interest expense paid during the period. 

“Revenue” means the Company’s GAAP revenue as reported in the Results of Operations in Management’s Discussion and
Analysis of Financial Conditions or in the financial statements included with the Form 10-K and will be calculated under accounting standards in place at the Date of Grant. 

“M&A Adjustment” means that, notwithstanding the foregoing, if, subsequent to the Date of Grant, the Company consummates
any merger or acquisition resulting in the financials of the target company (“Target”) being consolidated with the Company’s standalone financials (“Consolidation”), the Financial Performance Level for each
Measurement Period (or such time period as described below in the event of a New Measurement Date) shall be calculated as follows, starting with the first fiscal year after the fiscal year where the Consolidation occurred: 

 

	 	•	 	 “Subscription Revenue Growth” shall mean ((total Subscription Revenue for the current fiscal
year minus the Board-approved pro forma Revenue for Target for the current fiscal year) / (total Subscription Revenue for the prior fiscal year minus the Board-approved pro forma Revenue for Target for the prior fiscal year)) minus one
(1). 

  

	 	•	 	 “Unlevered Free Cash Flow Margin” shall mean ((total Unlevered Free Cash Flow for the current
fiscal year minus the Board-approved pro forma Unlevered Free Cash Flow for Target for the current fiscal year) / (total Revenue for the current fiscal year minus the Board-approved pro forma Revenue for Target for the current fiscal
year)) minus one (1). 

	 	•	 	 For clarity, the Board approved pro forma models shall incorporate any financial syngergies expected as a
result of the merger or acquisition. 

 Eligible Restricted Stock Unit Calculation: 

 

							
	Level*	    	Financial
Performance Level	    	Percentage of 1/3 of the
Target Number of
Restricted Stock Units that
Become Eligible Restricted
Stock Units**	    	Number of Eligible
Restricted Stock
Units**
	1	    	Below 20%	    	0%	    	0
	2	    	20%	    	25%	    	16,589
	3	    	35%	    	90%	    	59,722
	4	    	40%	    	100%	    	66,358
	5	    	45% or above	    	200%	    	132,716

  

	*	 The number of Restricted Stock Units that will become Eligible Restricted Stock Units shall be calculated
linearly between levels. 

	**	 Any partial Shares will be rounded down to the nearest whole Share and any fractional Shares will be forfeited
for no consideration. 

 In addition, the percentage of the 1/3 of the Target Number of Restricted Stock Units that become
Eligible Restricted Stock Units earned at any given Financial Performance Level will increase by: (i) seven (7) percentage points if the Subscription Revenue Growth for the applicable Measurement Period (or such time period as described below
in the event of a New Measurement Date) is 15%, and (ii) fifty (50) percentage points if the Subscription Revenue Growth for each Measurement Period (or such time period as described below in the event of a New Measurement Date) is 21%, with
the increase being calculated linearly between these two levels (the “Revenue Modifier”). 
 In no event may more than 100%
of the Maximum Number of Restricted Stock Units be Eligible Restricted Stock Units. 
 Time-Based Vesting 

Eligible Restricted Stock Units will be scheduled to vest in accordance with the following schedule, subject to Participant continuing to
remain a Service Provider through the applicable vesting date: 100% of the then Eligible Restricted Stock Units will vest on each of the third, fourth and fifth anniversaries of the Date of Grant (the “Vesting Date”) (subject to any
acceleration provisions contained in this Award Agreement). Subject to the provisions of the Award Agreement, in the event Participant ceases to be a Service Provider for any or no reason before the Vesting Date, the Eligible Restricted Stock Units
and Participant’s right to acquire Shares thereunder will immediately terminate and such Eligible Restricted Stock Units will immediately be forfeited and canceled. 

 Involuntary Termination 

For purposes of this Award Agreement, an “Involuntary Termination” means that Participant is terminated as a result of either
(i) a termination by the Company without Cause (as defined below) or (ii) a termination by Participant for Good Reason (as defined below). In the event of an Involuntary Termination and notwithstanding anything to the contrary in
(i) a Participant’s Change of Control Severance Agreement and/or Employment Agreement with the Company, or (ii) the Plan, the Award will be treated as follows: 
  

	 	•	 	 If the Involuntary Termination occurs within twelve (12) months following the Date of Grant and outside of a
Change of Control Period (as defined below), zero (0) Restricted Stock Units subject to the Award will be considered Eligible Restricted Stock Units and 100% of the Restricted Stock Units subject to the Award shall terminate and be cancelled on
the three (3) month anniversary of the Involuntary Termination (the date of the Involuntary Termination, the “Termination Date”) if no Change of Control has occurred as of the three (3) month anniversary of the Termination
Date and Participant will have no further rights with respect to such Restricted Stock Units. 

  

	 	•	 	 If the Involuntary Termination occurs within twenty-four (24) months following the Date of Grant and during
a Change of Control Period, 100% of the Target Number of Restricted Stock Units will become Eligible Restricted Stock Units and will fully vest on the Termination Date and the remaining Restricted Stock Units subject to the Award will terminate and
Participant will have no further rights with respect to such Restricted Stock Units. 

  

	 	•	 	 If the Involuntary Termination occurs more than twelve (12) months following the Date of Grant and outside a
Change of Control Period, the Restricted Stock Units subject to the Award will not terminate and instead, will remain outstanding and the number of Eligible Restricted Stock Units will be calculated on the Period End Date as set forth in this Award
Agreement as if the Involuntary Termination has not occurred. The actual number of Eligible Restricted Stock Units that will vest on the applicable anniversary of the Date of Grant will be pro-rated by
multiplying the calculated number of Eligible Restricted Stock Units by a fraction with (i) a numerator equal to the number of completed calendar days that have elapsed between the Date of Grant and the Termination Date, and (ii) a
denominator equal to the number of calendar days in the Performance Period. 

  

	 	•	 	 If the Involuntary Termination occurs more than twenty-four (24) months following the Date of Grant and
during a Change of Control Period, or, if the Award is not assumed or substituted for by an acquirer in connection with the Change of Control (in either event, the Termination Date or the Closing referred to as the “New Measurement
Date”), then the Eligible Restricted Stock Units will vest in full on the Termination Date, or, the Closing if the Award is not assumed or substituted for by an acquirer in connection with the Change of Control, and the number of Eligible
Restricted Stock Units will equal the greater of (i) the number of Eligible Restricted Stock Units calculated based on actual performance during the twelve (12) month period immediately prior to the Change of Control, or (ii) 100% of the
Target Number of Restricted Stock Units; provided, however, that the number of Eligible Restricted Stock Units will not exceed 200% of the Target Number of Restricted Stock Units. 

 Any accelerated vesting in connection with an Involuntary Termination is subject to
Participant signing and not revoking a separation agreement and release of claims in a form satisfactory to the Company (the “Release”), which must become effective and irrevocable no later than the sixtieth (60th) day
following Participant’s termination of employment (the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Participant will forfeit any right to accelerated vesting under this
Agreement. In no event will any accelerated vesting occur until the Release actually becomes effective and irrevocable. 
 For purposes of
clarification, upon an Involuntary Termination that occurs prior to a Change of Control, any Restricted Stock Units subject to this Award will remain outstanding for a period of three (3) months following the Involuntary Termination in order to
determine if a Change of Control occurs. If a Change of Control does occur during such three (3) month period, the Restricted Stock Units subject to this Award will be treated as set forth above and including, for avoidance of doubt, the
treatment of the Award if the Award is not assumed or substituted for by the acquiror as described above. If a Change of Control does not occur during such three (3) month period, the Restricted Stock Units subject to the Award that had
remained outstanding solely to determine whether they would have vested as a result of the Involuntary Termination provisions applicable during the Change of Control Period set forth above will terminate on the expiration of the three (3) month
period. 
 For further purposes of clarification, the acceleration set forth in this Award Agreement is meant to be in lieu of, and not in
addition to, any acceleration provisions set forth in any Change of Control Severance Agreement and any Employment Agreement between Participant and the Company. 

For purposes of this Award Agreement, “Cause” will have the meaning set forth in the Company’s form of Change of Control
Severance Agreement filed with the Securities and Exchange Commission on August 7, 2013. 
 For purposes of this Award Agreement,
“Change of Control” will have the meaning set forth in the Company’s form of Change of Control Severance Agreement filed with the Securities and Exchange Commission on August 7, 2013. 

For purposes of this Award Agreement, “Change of Control Period” will have the meaning set forth in the Company’s form
of Change of Control Severance Agreement filed with the Securities and Exchange Commission on August 7, 2013. 
 For purposes of this
Award Agreement, “Good Reason” will have the meaning set forth in Participant’s own Change of Control Severance Agreement, or, if no such agreement is then existing, the Company’s form of Change of Control Severance
Agreement filed with the Securities and Exchange Commission on August 7, 2013. 

	II.	 AGREEMENT 

1.    Grant of Restricted Stock Units. The Company hereby grants to the individual named in the Notice of Grant of
Restricted Stock Units in Part I of this Award Agreement (the “Participant”) under the Plan an Award of Restricted Stock Units, subject to all of the terms and conditions in this Award Agreement and the Plan, which is
incorporated herein by reference. Subject to Section 19(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Award Agreement, the terms and conditions of the Plan will
prevail. 
 2.    Company’s Obligation to Pay. Each Restricted Stock Unit represents the right
to receive a Share on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3, 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 Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Any Restricted Stock Units that vest in accordance with Sections 3
or 4 will be paid to Participant (or in the event of Participant’s death, to his or her estate) in whole Shares, subject to Participant satisfying any applicable Tax Obligations as set forth in Section 7. Subject to the provisions of
Section 4, such vested Restricted Stock Units will be paid in Shares as soon as practicable after vesting, but in each such case within the period ending no later than the date that is the fifteenth (15th) day of the third (3rd) month from the
end of the Company’s tax year that includes the vesting date. 
 3.    Vesting Schedule. Except as provided
in Section 4, and subject to Section 5, the Restricted Stock Units awarded by this Award Agreement will vest in accordance with the vesting provisions set forth in the Notice of Grant of Restricted Stock Units (the “Notice of
Grant”). Subject to the provisions of the Award Agreement, Restricted Stock Units scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in Participant in accordance with any of the provisions of
this Award Agreement, unless Participant will have been continuously a Service Provider from the Date of Grant through the applicable vesting date. 

4.    Administrator Discretion. The Administrator, in its discretion, may accelerate the vesting of the balance, or
some lesser portion of the balance, of the unvested Restricted Stock Units at any time, subject to the terms of the Plan. If so accelerated, such Restricted Stock Units will be considered as having vested as of the date specified by the
Administrator. 
 Notwithstanding anything in the Plan or this Award Agreement to the contrary, if the vesting of the balance, or some lesser
portion of the balance, of the Restricted Stock Units is accelerated in connection with Participant’s termination as a Service Provider (provided that such termination is a “separation from service” within the meaning of
Section 409A, as determined by the Company), other than due to death, and if (x) Participant is a “specified employee” within the meaning of Section 409A at the time of such termination as a Service Provider and
(y) the payment of such accelerated Restricted Stock Units will result in the imposition of additional tax under Section 409A if paid to Participant on or within the six (6) month period following Participant’s termination as a
Service Provider, then the payment of such accelerated Restricted Stock Units will not be made until the date six (6) months and one (1) day following the date of Participant’s termination as a Service Provider, unless the Participant
dies 

 
following his or her termination as a Service Provider, in which case, the Restricted Stock Units will be paid in Shares to the Participant’s estate as soon as practicable following his or
her death. It is the intent of this Award Agreement to comply with the requirements of Section 409A so that none of the Restricted Stock Units provided under this Award Agreement or Shares issuable thereunder will be subject to the additional
tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. For purposes of this Award Agreement, “Section 409A” means Section 409A of the Code, and any proposed,
temporary or final Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time. 

5.    Forfeiture upon Termination of Status as a Service Provider. Subject to the provisions of this Award
Agreement, the balance of the Restricted Stock Units that have not vested as of the time of Participant’s termination as a Service Provider for any or no reason and Participant’s right to acquire any Shares hereunder will immediately
terminate. 
 6.    Death of Participant. Any distribution or delivery to be made to Participant under this Award
Agreement will, if Participant is then deceased, be made to Participant’s designated beneficiary, or if no beneficiary survives Participant, the administrator or executor of Participant’s estate. 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 Award Agreement, no certificate
representing the Shares will be issued to Participant, unless and until satisfactory arrangements (as determined by the Administrator) will have been made by Participant with respect to the payment of any Tax Obligations which the Company determines
must be withheld with respect to such Shares. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit Participant to satisfy such Tax Obligation, in whole or in part (without
limitation) by (a) paying cash, (b) electing to have the Company withhold otherwise deliverable Shares having a Fair Market Value equal to the minimum amount required to be withheld, (c) delivering to the Company already vested and
owned Shares having a Fair Market Value equal to the amount required to be withheld, or (d) selling a sufficient number of such Shares otherwise deliverable to Participant through such means as the Company may determine in its sole discretion
(whether through a broker or otherwise) equal to the amount required to be withheld. To the extent determined appropriate by the Company in its discretion, it will have the right (but not the obligation) to satisfy any Tax Obligations by reducing
the number of Shares otherwise deliverable to Participant. If Participant fails to make satisfactory arrangements for the payment of any required Tax Obligations hereunder at the time any applicable Restricted Stock Units otherwise are scheduled to
vest pursuant to Sections 3 or 4, Participant will permanently forfeit such Restricted Stock Units and any right to receive Shares thereunder and the Restricted Stock Units will be returned to the Company at no cost to the Company. 

8.    Rights as Stockholder. Neither Participant nor any person claiming under or through Participant will have any
of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares will have been issued, recorded on the records of the Company or its transfer agents or
registrars, and delivered to Participant. After such issuance, recordation and delivery, Participant will have all the rights of a stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such
Shares. 

 9.    No Guarantee of Continued Service. PARTICIPANT ACKNOWLEDGES
AND AGREES THAT THE VESTING OF THE RESTRICTED STOCK UNITS PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) AND NOT
THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS AWARD OF RESTRICTED STOCK UNITS OR ACQUIRING SHARES HEREUNDER. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE
SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE
COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. 

10.    Address for Notices. Any notice to be given to the Company under the terms of this Award Agreement will be
addressed to the Company at Cornerstone OnDemand, Inc. 1601 Cloverfield Blvd., Suite 620, Santa Monica, CA 90404, 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.    Binding Agreement. Subject to the limitation on the
transferability of this grant contained herein, this Award Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 

13.    Additional Conditions to Issuance of Stock. If at any time the Company will determine, in its discretion,
that the listing, registration or qualification of the Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the
issuance of Shares to 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 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. The Company will make all reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such
governmental authority. 

 14.    Plan Governs. This Award Agreement is subject to all terms
and provisions of the Plan. In the event of a conflict between one or more provisions of this Award Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. Capitalized terms used and not defined in this Award
Agreement will have the meaning set forth in the Plan. 
 15.    Administrator Authority. The Administrator will
have the power to interpret the Plan and this Award Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not
limited to, the determination of whether or not any Restricted Stock Units have vested). All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon Participant, the Company and
all other interested persons. No member of the Administrator will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Award Agreement. 

16.    Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to
Restricted Stock Units awarded under the Plan or future Restricted Stock Units that may be awarded under the Plan by electronic means or request Participant’s consent to participate in the Plan by electronic means. Participant hereby consents
to receive such documents by electronic delivery and agrees to participate in the Plan through any on-line or electronic system established and maintained by the Company or another third party designated by
the Company. 
 17.    Captions. Captions provided herein are for convenience only and are not to serve as a basis
for interpretation or construction of this Award Agreement. 
 18.    Agreement Severable. In the event that any
provision in this Award Agreement will be held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Award Agreement.

 19.    Modifications to the Award Agreement. This Award Agreement constitutes the entire understanding of the
parties on the subjects covered. Participant expressly warrants that he or she is not accepting this Award Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Award
Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Award Agreement, the Company reserves the right to revise this
Award Agreement as it deems necessary or advisable, in its sole discretion and without the consent of Participant, to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A
in connection to this Award of Restricted Stock Units. 
 20.    Amendment, Suspension or Termination of the Plan.
By accepting this Award, 

 
Participant expressly warrants that he or she has received an Award of Restricted Stock Units under the Plan, and has received, read and understood a description of the Plan. Participant
understands that the Plan is discretionary in nature and may be amended, suspended or terminated by the Company at any time. 

21.    Governing Law. This Award Agreement is governed by the internal substantive laws, but not the choice of law
rules, of California. 
 22.    Entire Agreement. The Plan is incorporated herein by reference. The Plan and this
Award Agreement (including the exhibits referenced herein) constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Participant
with respect to the subject matter hereof, and may not be modified adversely to the Participant’s interest except by means of a writing signed by the Company and Participant. 

 

					
	PARTICIPANT	 	            	 	CORNERSTONE ONDEMAND, INC.
			
	 	 		 	 
	Signature	 		 	By
			
	 	 		 	 
	Print Name	 		 	Print Name
			
	 	 		 	 
	Date	 		 	Title
			
		 		 	 
		 		 	Date
	Address:

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