Document:

Exhibit

Exhibit 10.1

FIREEYE, INC.
OUTSIDE DIRECTOR COMPENSATION POLICY
(Amended as of June 5, 2016)
FireEye, Inc. (the “Company”) believes that the granting of equity and cash compensation to the members of the Board of Directors (the “Board,” and members of the Board, the “Directors”) represents an effective tool to attract, retain and reward Directors who are not employees of the Company (the “Outside Directors”).  This Outside Director Compensation Policy (the “Policy”) is intended to formalize the Company’s policy regarding grants of equity and cash compensation to its Outside Directors.  Unless otherwise defined herein, capitalized terms used in this Policy will have the meaning given such term in the Company’s 2013 Equity Incentive Plan (the “Plan”).  Each Outside Director will be solely responsible for any tax obligations incurred by such Outside Director as a result of the equity and cash awards such Outside Director receives under this Policy.
		
	1.
	GENERAL

(a)    Type of Awards.  Outside Directors will be entitled to receive all types of Awards (except Incentive Stock Options) under the Plan (or the applicable equity plan in place at the time of grant), including discretionary Awards not covered under this Policy.
(b)    Automatic.  All grants of Awards to Outside Directors pursuant to this Policy will be automatic and nondiscretionary, except as otherwise provided herein.
(c)    No Discretion.  No person will have any discretion to select which Outside Directors will be granted any Awards under this Policy or to determine the number of Shares to be covered by such Awards.
(d)    Value.  For purposes of this Policy, “Value” means, with respect to any award of restricted stock units (“RSUs”), the Fair Market Value of the Shares subject thereto on the grant date of the award, or such other methodology the Board or the Compensation Committee of the Board (the “Compensation Committee”) may determine prior to the grant of the RSUs becoming effective, as applicable.
		
	2.
	INITIAL RETAINERS

Subject to Section 11 of the Plan, each person who first becomes an Outside Director following June 5, 2016 automatically will be granted an award of RSUs with a total Value of $400,000 (an “Initial Award”) (with the number of Shares subject thereto determined based on that total Value, but rounded down to the nearest whole Share), which will become effective on the date the person first becomes an Outside Director, whether through election by the stockholders of the Company or appointment by the Board to fill a vacancy; provided, however, that a Director who is an Employee (an “Inside Director”) who ceases to be an Inside Director, but who remains a Director, will not receive an Initial Award.  Subject to Section 6 below and Section 14 of the Plan, each Initial Award will vest as to one-third (1/3rd) of the RSUs subject to

the Initial Award on each anniversary of the date of grant, in each case subject to the Outside Director continuing to be a Service Provider through the applicable vesting date.
		
	3.
	ANNUAL RETAINERS

(a)    Amount.  For purposes of this Policy, “Annual Fee” means,  with respect to any Outside Director, as of the date of any annual meeting of the Company’s stockholders (the “Annual Meeting”), a total amount based on such Outside Director’s Board and other service as of the date of such Annual Meeting as follows:
	
									
	Board Member
	$
	200,000
	

	 
	 

	Lead Independent Director (if applicable)
	$
	20,000
	

	 
	 

	Committee Awards:
	Chair
	 
	Member

	 
	Audit
	$
	20,000
	

	 
	$
	7,000
	

	 
	Compensation
	$
	10,000
	

	 
	$
	5,000
	

	 
	Nominating and Corporate Governance
	$
	6,250
	

	 
	$
	2,500
	

	 
	Government Classified Information and Security
	$
	6,250
	

	 
	$
	2,500
	

(b)    Equity Awards.  Subject to Section 11 of the Plan, on the date of each Annual Meeting following June 5, 2016, each Outside Director who has been an Outside Director for six (6) months or more on the date of such Annual Meeting, automatically will be granted an award of RSUs (an “Annual Award”), provided that an Annual Award will not be granted to any Outside Director who is not continuing as a Director following the applicable Annual Meeting.  Subject to Section 3(d) below, the Annual Award for an Outside Director will have a total Value equal to 50% of such Outside Director’s Annual Fee as of the date of such Annual Meeting (with the number of Shares subject to such Annual Award determined based on 50% of such Annual Fee, but rounded down to the nearest whole Share).  Subject to Section 6 below and Section 14 of the Plan, each Annual Award will vest in full on the earlier of (i) the day prior to the next Annual Meeting held after the date of grant or (ii) the first anniversary of the date of grant, in each case subject to the Outside Director continuing to be a Service Provider through the applicable vesting date.
(c)    Cash Awards.  Subject to Section 3(d) below, following June 5, 2016, each Outside Director who has been granted an Annual Award on the date of an Annual Meeting shall be entitled to receive 50% of such Outside Director’s Annual Fee as of the date of such Annual Meeting in the form of cash, which shall be paid to him or her in four equal installments on a quarterly basis, with one installment paid on the 15th day of each of the first four calendar quarters following the date of such Annual Meeting (e.g., if the Annual Meeting is held in June, the quarterly payments would occur on July 15, October 15, January 15 and April 15), in each case subject to such Outside Director continuing to be a Service Provider through the applicable payment date.

2

(d)    Election to Receive All of Annual Fee in Equity.  No later than the day immediately prior to the date of an Annual Meeting, or such other deadline as may established by the Board or the Compensation Committee (the “Annual Submission Deadline”), each Outside Director who is then eligible to receive an Annual Award on the date of such Annual Meeting may, in lieu of receiving 50% of his or her Annual Fee as of the date of such Annual Meeting in the form of cash and the other 50% in the form of RSUs, elect to receive 100% of his or her Annual Fee as of the date of such Annual Meeting in the form of RSUs.  Any such election must be submitted to the Secretary of the Company in the form and manner specified by the Secretary, and shall become irrevocable effective as of the Annual Submission Deadline.  If any eligible Outside Director makes such an election on or prior to the Annual Submission Deadline, (i) the Annual Award automatically granted to such Outside Director pursuant to Section 3(b) on the date of such Annual Meeting will have a total Value of 100% of such Outside Director’s Annual Fee as of the date of such Annual Meeting (with the number of Shares subject to such Annual Award determined based on 100% of such Annual Fee, but rounded down to the nearest whole Share) and (ii) such Outside Director shall not be entitled to receive, and the Company shall not be obligated to pay, any of such Outside Director’s Annual Fee as of the date of such Annual Meeting in the form of cash.
		
	4.
	ADDITIONAL PROVISIONS

All provisions of the Plan not inconsistent with this Policy will apply to Awards granted to Outside Directors.
		
	5.
	ADJUSTMENTS

In the event that any dividend or other distribution (whether in the form of cash, Shares, other securities or other property), 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 this Policy, will adjust the number of Shares issuable pursuant to Awards granted under this Policy.
		
	6.
	REVISIONS

The Board or the Compensation Committee, in their respective discretion, may change and otherwise revise the terms of Awards granted under this Policy, including, without limitation, the number of Shares subject thereto, for Awards of the same or different type granted on or after the date the Board or the Compensation Committee determines to make any such change or revision.  

3Exhibit

Exhibit 10.3

FIREEYE, INC. 
 
 
June 27, 2016
Travis Reese
c/o FireEye, Inc.

Dear Travis:
This letter agreement (the “Agreement”) is entered into between FireEye, Inc. (the “Company” or “we”) and Travis Reese (“you”).  The purpose of this Agreement is to confirm the current terms and conditions of your employment.
1.Position.  Your current title is President, and you will continue to report to the Company’s Chief Executive Officer.  This is a full-time position.  While you render services to the Company, you will not engage in any other employment, consulting or other business activity (whether full‐time or part-time) that would create a conflict of interest with the Company.  By signing this Agreement, you confirm to the Company that you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for the Company.
2.Cash Compensation.  Your current salary is $335,000 per year, payable in accordance with the Company’s standard payroll schedule.  This salary will be subject to adjustment pursuant to the Company’s employee compensation policies in effect from time to time.  In addition, you will be eligible to be considered for an incentive bonus for each fiscal year of the Company under the Company’s Employee Incentive Plan (the “Incentive Plan”) or any successor plan.  The bonus (if any) will be awarded based on objective or subjective criteria established by the Company’s Chief Executive Officer and approved by the Company’s Board of Directors (the “Board”) and/or the Compensation Committee of the Board (the “Compensation Committee”), as applicable.  Your current annual target bonus is equal to $268,000.  The terms and conditions of your bonus will be set forth in the Incentive Plan.  The determinations of the Board and/or the Compensation Committee, as applicable, with respect to your bonus will be final and binding.
3.Relocation and Relocation Benefits.  You agree that you will relocate your primary business location to the Company’s headquarters in California no later than August 1st, 2016 (the “Relocation”).  In support of the Relocation, the Company will reimburse you for (or directly pay on your behalf) (i) your reasonable, approved and documented expenses incurred in relocating your household to California and (ii) up to $10,000 per month of your actual and documented housing rental expenses in California that you incur, during the two year period after the date of the Relocation, while you provide Qualifying Service (as defined below).  Any reimbursements or payments described in the previous sentence that are determined to be taxable to you will be subject to applicable tax withholding, and all reimbursements and payments for taxable relocation expenses described in clause (i) of the previous sentence will be made no later than March 15, 2017.  For purposes of this Agreement, the term “Qualifying Service” means both (1) your serving as President of the Company and (2) your primary business location being the Company’s headquarters in California.  In addition,

    

Travis Reese
June 27, 2016
Page 2

in support of the Relocation, management of the Company will recommend that the Compensation Committee grant you restricted stock units convertible into 50,000 shares of the Company’s Common Stock (the “Relocation RSUs”). The Relocation RSUs will be granted pursuant to the Company’s 2013 Equity Incentive Plan and will be subject to the Company’s standard form of award agreement and Compensation Committee approval. The Relocation RSUs will vest in full on August 15, 2017, subject to (x) the Relocation occurring no later than August 1st, 2016 and (y) you providing continuous Qualifying Service from the date of the Relocation through August 15, 2017.
4.Employee Benefits.  As a regular employee of the Company, you will continue to be eligible to participate in a number of Company-sponsored benefits.  In addition, you will be entitled to paid vacation in accordance with the Company’s vacation policy, as in effect from time to time.
5.Equity Awards.  You have received equity awards from the Company and these awards shall continue to be in full force and effect and governed by the terms set forth therein, as modified by the Company’s Change of Control Severance Policy for Officers and your participation agreement thereunder (the “Severance Policy”).
6.Severance & Change of Control Benefits.  As an executive officer of the Company, you are eligible for benefits in the Severance Policy.  Accordingly, your potential severance and change of control benefits and the terms and conditions thereof shall be set forth in the Severance Policy.  You acknowledge that the Relocation is with your consent and therefore is not grounds for your resignation for “Good Reason” under the Severance Policy.
7.Proprietary Information and Inventions Agreement.  As an employee of the Company, you will continue to have access to certain confidential information of the Company and you may, during the course of your employment, develop certain information or inventions that will be the property of the Company.  To protect the interests of the Company, your acceptance of this Agreement reaffirms that the terms of the Company’s Proprietary Information and Inventions Agreement that you executed in connection with your hire (the “PIAA”) continue to be in effect.
8.Employment Relationship.  Employment with the Company is for no specific period of time.  Your employment with the Company continues to be “at will,” meaning that either you or the Company may terminate your employment at any time and for any reason, with or without cause.  Any contrary representations that may have been made to you are superseded by this Agreement.  This is the full and complete Agreement between you and the Company on this term.  Although your job duties, title, compensation and benefits, as well as the Company’s personnel policies and procedures, may change from time to time, the “at will” nature of your employment may only be changed in an express written agreement signed by you and a duly authorized officer of the Company (other than you).
9.Tax Matters.
(a)Withholding.  All forms of compensation and reimbursement referred to in this Agreement (including, but not limited to, any payments contemplated by Section 1, Section 2

    

Travis Reese
June 27, 2016
Page 3

or Section 3 of this Agreement) are subject to reduction to reflect applicable withholding and payroll taxes and other deductions required by law.
(b)Section 409A.  The parties intend that the benefits and payments provided under this Agreement shall be exempt from, or comply with, the requirements of Section 409A of the Code (as it has been and may be amended from time to time) and any regulations and guidance that has been promulgated or may be promulgated from time to time thereunder (“Section 409A”), and any ambiguities or ambiguous terms herein will be interpreted to so comply.  Each payment and benefit payable under this Agreement is intended to constitute a separate payment for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations. The Company shall in no event be obligated to indemnify you for any taxes or interest that may be assessed under Section 409A.
(c)Tax Advice.  You are encouraged to obtain your own tax advice regarding your compensation from the Company.  You agree that the Company does not have a duty to design its compensation policies in a manner that minimizes your tax liabilities, and you will not make any claim against the Company or its Board or Compensation Committee related to tax liabilities arising from your compensation.
10.Interpretation, Amendment and Enforcement.  This Agreement, together with the PIAA, the Severance Policy and the Key Employee Non-Competition Agreement dated as of December 16, 2013 between you and the Company, supersede and replace any prior agreements, representations or understandings (whether written, oral, implied or otherwise) between you and the Company, including, but not limited to, your offer letter with the Company dated December 26, 2013, and constitute the complete agreement between you and the Company regarding the subject matter set forth herein.  This Agreement may not be amended or modified, except by an express written agreement signed by both you and a duly authorized officer of the Company.  The terms of this Agreement and the resolution of any disputes as to the meaning, effect, performance or validity of this Agreement or arising out of, related to, or in any way connected with, this Agreement, your employment with the Company or any other relationship between you and the Company (the “Disputes”) will be governed by California law, excluding laws relating to conflicts or choice of law.  You and the Company submit to the exclusive personal jurisdiction of the federal and state courts located in California in connection with any Dispute or any claim related to any Dispute.
* * * * *

    

Travis Reese
June 27, 2016
Page 4

We are extremely excited about your continued employment with FireEye!
Please indicate your acceptance of this Agreement, and confirmation that it contains our complete agreement regarding the terms and conditions of your employment, by signing the bottom portion of this Agreement and returning a copy to me.

	
			
	 
	Very truly yours,

	 
	 

	 
	FIREEYE, INC.

	 
	 

	 
	 

	 
	By:
	 /s/ Kevin Mandia                         

	 
	 
	Chief Executive Officer

I have read and accept this employment offer:

	
		
	/s/ Travis Reese

	Travis Reese

	 
	 

	Dated:
	July 20th, 2016

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}]]