Document:

exv10w20

 

EXHIBIT 10.20

JUNIPER NETWORKS, INC.

2006 EQUITY INCENTIVE PLAN

NOTICE OF GRANT OF RESTRICTED STOCK UNITS

     Unless otherwise defined herein, the terms defined in the Plan shall have the same defined
meanings in this Notice of Grant.

Name:                                         

     You
have been granted                      Restricted Stock Units. Each such Unit is equivalent to one
Share of Common Stock of the Company for purposes of determining the number of Shares subject to
this award. None of the Restricted Stock Units will be issued (nor will you have the rights of a
stockholder with respect to the underlying shares) until the vesting conditions described below are
satisfied.

	 	 	 
	Additional terms of this grant are as follows:
	 	 
	Date of Grant
	 	 
	 

	 	 
	Vesting Schedule:

	 	[Insert Vesting Schedule]

     You acknowledge and agree that this agreement and the vesting schedule set forth herein does
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 shall not interfere with your right or the Company’s
right to terminate your relationship as a Service Provider at any time, with or without cause.

     You hereby agree to accept as binding, conclusive and final all decisions or interpretations
of the Administrator upon any questions relating to the Plan and this Award.

     By your acknowledgement and acceptance of the terms of this Notice of Grant prior to the
Expiration Date, you agree that this Notice of Grant, the form of Restricted Stock Unit Agreement
and the 2006 Equity Incentive Plan constitute your entire agreement with respect to this Award and
may not be modified adversely to your interest except by means of a writing agreed by the Company
and you.

 

 

JUNIPER NETWORKS, INC.

2006 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

1. Grant. The Company hereby grants to the Employee an award of Restricted Stock Units
(“RSUs”), as set forth in the Notice of Grant of Restricted Stock Units and subject to the terms
and conditions in this Agreement and the Company’s 2006 Equity Incentive Plan (the “Plan”). Unless
otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in
this Restricted Stock Unit Agreement.

2. Company’s Obligation. Each RSU represents the right to receive a Share on the vesting
date. Unless and until the RSUs vest, the Employee will have no right to receive Shares under such
RSUs. Prior to actual distribution of Shares pursuant to any vested RSUs, such RSUs will represent
an unsecured obligation of the Company, payable (if at all) only from the general assets of the
Company.

3. Vesting Schedule. Subject to paragraph 4, to Plan Sections 16 and 17 and to any other
relevant Plan provisions, the RSUs awarded by this Agreement will vest in the Employee according to
the vesting schedule specified in the Notice of Grant.

4. Forfeiture upon Termination as Service Provider. Notwithstanding any contrary provision
of this Agreement or the Notice of Grant, if the Employee terminates service as a Service Provider
for any or no reason prior to vesting, the unvested RSUs awarded by this Agreement will thereupon
be forfeited at no cost to the Company.

5. Payment after Vesting. Any RSUs that vest in accordance with paragraph 3 will be paid
to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares, provided
that to the extent determined appropriate by the Company, any national, state and local withholding
of taxes and/or social security contributions with respect to such RSUs, if applicable, will be
paid by the Employee. The tax and/or social security contributions payment shall generally be made
through the Employee’s brokerage account designated by the Company. The Employee may choose to
cover the tax and/or social security contributions payment through (i) cash on deposit at the
broker, or (ii) by electing to have the broker sell vested shares to cover taxes, social security
contributions and related fees. However, should the Employee’s account have insufficient funds, the
Employee will be deemed to have elected to have the broker sell vested shares to cover taxes,
social security contributions and related fees. The Employee acknowledges and agrees that the
amount of withholding taxes, social security contributions and related fees to be satisfied by
selling vested shares be in excess, the Company will refund the excess amount to him or her within
a reasonable period without any interest.

     6. Payments after Death. Any distribution or delivery to be made to the Employee
under this Agreement will, if the Employee is then deceased, be made to the administrator or
executor of the Employee’s estate. Any such administrator or executor 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. Rights as Stockholder. Neither the Employee nor any person claiming under or
through the Employee will have any of the rights or privileges of a stockholder of the Company in
respect of any

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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 the
Employee or Employee’s broker.

     8. No Effect on Employment. The Employee’s employment with the Company and its
Subsidiaries is on an at-will basis only. Accordingly, the terms of the Employee’s employment with
the Company and its Subsidiaries will be determined from time to time by the Company or the
Subsidiary employing the Employee (as the case may be), and the Company or the Subsidiary will have
the right, which is hereby expressly reserved, to terminate or change the terms of the employment
of the Employee at any time for any reason whatsoever, with or without good cause or notice.

     9. Address for Notices. Any notice to be given to the Company under the terms of this
Agreement will be addressed to the Company at 1194 North Mathilda
Avenue Sunnyvale, California, 94089 Attn: Stock Administration, or at such other address as
the Company may hereafter designate in writing or electronically.

     10. Grant is Not Transferable. Except to the limited extent provided in paragraph 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.

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

     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 the Employee (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.

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

     14. Administrator Authority. The Administrator will have the power to interpret the
Plan and this Agreement and to adopt such rules for the administration, interpretation and
application of the Plan as are consistent therewith and to interpret or revoke any such rules
(including, but not limited to, the determination of whether or not any RSUs have vested). All
actions taken and all interpretations and determinations made by the Administrator in good faith
will be final and binding upon Employee, the Company and all other interested persons. Neither the
Administrator nor any member of the Company will be personally liable for any action, determination
or interpretation made in good faith with respect to the Plan or this Agreement.

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

     16. Amendment, Suspension or Termination of the Plan. By accepting this RSU, the
Employee expressly warrants that he or she has received a right to purchase stock under the Plan,
and has received, read and understood a description of the Plan. The Employee understands that the
Plan is discretionary in nature and may be modified, suspended or terminated by the Company at any
time.

     17. Notice of Governing Law. This grant of RSUs shall be governed by, and construed
in accordance with, the laws of the State of California without regard to principles of conflict of
laws.

     18. Withholding. Regardless of any action the Company or its affiliates takes with
respect to any or all income tax, social insurance, payroll tax or other tax-related withholding
(“Tax-Related Items”), the Employee acknowledges that the ultimate liability for all Tax-Related
Items legally due by the Employee is, and remains, the Employee’s responsibility and that the
Company and/or its affiliates (1) make no representations or undertakings regarding the treatment
of any Tax-Related Items in connection with any aspect of the RSU, including the grant of the RSU,
the vesting of the RSU, the subsequent sale of Shares acquired pursuant to the RSU and the receipt
of any dividends, if any; and (2) do not commit to structure the terms of the RSU or any aspect of
the RSU to reduce or eliminate the Employee’s liability for Tax-Related Items.

     Prior to the vesting of RSUs, the Employee agrees to pay or make adequate arrangements
satisfactory to the Company and/or its affiliates to satisfy all withholding obligations of the
Company and/or its affiliates. In this regard, the Employee authorizes the Company and/or its
affiliates to withhold all applicable Tax-Related Items legally payable by the Employee from his or
her wages, within legal limits, or other cash compensation paid by the Company and/or its
affiliates or from proceeds of the sale of the Shares. Alternatively, or in addition, if
permissible under local law, the Company may (1) sell or arrange for the sale of Shares that the
Employee acquire to meet the withholding obligation for Tax-Related Items, and/or (2) withhold in
Shares, provided that the Company only withholds the amount of Shares necessary to satisfy the
minimum withholding amount. The Employee acknowledges and agrees that should the amount of
withholding for the Tax-Related Items to be satisfied by reducing the number of shares deliverable
or by withholding from his or her sale’s proceeds be in excess, the Company and/or his or her
employer will refund the excess amount to him or her within a reasonable period and without any
interest. Finally, the Employee shall pay to the Company and/or its affiliates any amount of
Tax-Related Items that may be required to withhold as a result of participation in the Plan that
cannot be satisfied by the means previously described. The Company may refuse to deliver the
Shares if fail to comply with obligations in connection with the Tax-Related Items as described in
this section.

     19. Nature of the Grant. In accepting the grant, Employee acknowledges that:

          a. the Plan is established voluntarily by the Company, it is discretionary in nature and it
may be modified, amended, suspended or terminated by the Company at any time, unless otherwise
provided in the Plan and this letter;

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

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          c. all decisions with respect to future RSUs, if any, will be at the sole discretion of the
Company;

          d. participation in the Plan shall not create a right to further employment with the
Employee’s employer and shall not interfere with the ability of the Employee’s employer to
terminate the Employee’s employment relationship at any time with or without cause;

          e. the Employee is voluntarily participating in the Plan;

          f. the RSU is an extraordinary item that does not constitute compensation of any kind for
services of any kind rendered to the Company or to the Employee’s employer, and which is outside
the scope of the Employee’s employment contract, if any;

          g. the RSU is not part of normal or expected compensation or salary for any purpose,
including, but not limited to, calculating any severance, resignation, termination, redundancy, end
of service payments, bonuses, long-service RSUs, pension or retirement benefits or similar
payments;

          h. in the event that the Employee’s not an employee of the Company, the RSU will not be
interpreted to form an employment contract or relationship with the Company; and furthermore, the
RSU will not be interpreted to form an employment contract with any subsidiary or affiliate of the
Company;

          i. the future value of the underlying Shares is unknown and cannot be predicted with
certainty;

          j. in consideration of the grant of the RSU, no claim or entitlement to compensation or
damages shall arise from termination of the RSU or diminution in value of the RSU or the Shares
acquired through the RSU which results from termination of your employment by the Company or its
affiliates (for any reason whatsoever and whether or not in breach of local labor laws) and the
Employee irrevocably releases the Company or its affiliates from any such claim that may arise; if,
notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have
arisen, then, by accepting the RSU, the Employee shall be deemed irrevocably to have waived his or
her entitlement to pursue such claim; and

          k. notwithstanding any terms or conditions of the Plan to the contrary, in the event of
involuntary termination of the Employee’s employment (whether or not in breach of local labor
laws), the Employee’s right to receive RSUs and vest in RSUs under the Plan, if any, will terminate
effective as of the date that the Employee is no longer actively employed; furthermore, in the
event of involuntary termination of employment (whether or not in breach of local labor laws), the
Employee’s right to receive Shares pursuant to the RSUs or to exercise the Options after
termination of employment, if any, will be measured by the date of termination of the Employee’s
active employment.

      20. Data Privacy.

          By accepting the RSU the Employee hereby explicitly and unambiguously consents to the
collection, use and transfer, in electronic or other form, of the Employee’s personal data as
described in this document by and among, as applicable, the Employee’s employer and the Company and
its subsidiaries and affiliates for the exclusive purpose of implementing, administering and
managing participation in the Plan.

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          The Employee understands that the Company and the Employee’s employer hold certain personal
information about the Employee, including, but not limited to, his or her name, home address and
telephone number, date of birth, social insurance number or other identification number,
salary, nationality, job title, any Shares of stock or directorships held in the Company, details
of all Options or any other entitlement to Shares of stock Awarded, canceled, exercised, vested,
unvested or outstanding in the Employee’s favor, for the purpose of implementing, administering and
managing the Plan (“Data”). The Employee understands that Data may be transferred to any third
parties assisting in the implementation, administration and management of the Plan that these
recipients may be located in the Employee’s country or elsewhere, and that the recipient’s country
may have different data privacy laws and protections than the Employee’s country. The Employee
understands that he or she may request a list with the names and addresses of any potential
recipients of the Data by contacting the local human resources representative. The Employee
authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or
other form, for the purposes of implementing, administering and managing participation in the Plan,
including any requisite transfer of such Data as may be required to a broker or other third party
with whom the Employee may elect to deposit any Shares of stock acquired through the RSU. The
Employee understands that Data will be held only as long as is necessary to implement, administer
and manage participation in the Plan. The Employee understands that he or she may, at any time,
view Data, request additional information about the storage and processing of Data, require any
necessary amendments to Data or refuse or withdraw the consents herein, without cost, by contacting
in writing the local human resources representative. The Employee understands, however, that
refusing or withdrawing consent may affect his or her ability to participate in the Plan. For more
information on the consequences of refusal to consent or withdrawal of consent, the Employee
understands that the Employee may contact the local human resources representative.

By your signature and the signature of the Company’s representative below (or by electronic
acknowledgment and acceptance of this Agreement), you and the Company agree that this Grant is
approved under and governed by the terms and conditions of the Plan and this Agreement. Employee
has reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the
advice of counsel prior to executing this Agreement and fully understands all provisions of the
Plan and this Agreement. Employee hereby agrees to accept as binding, conclusive and final all
decisions or interpretations of the Administrator upon any questions relating to the Plan and
Agreement. Employee further agrees to notify the Company upon any change in the residence address
indicated below.

	 	 	 
	EMPLOYEE:	 	JUNIPER NETWORKS, INC.
	 
	 	 
	 

	 	 
	Signature

	 	By
	 
	 	 
	 

	 	 
	Print Name

	 	Title
	 
	 	 
	 
	 	 
	Residence Address
	 	 

6exv10w21

 

EXHIBIT 10.21

JUNIPER NETWORKS, INC.

2006 EQUITY INCENTIVE PLAN

PERFORMANCE SHARE AGREEMENT

     1. Grant. The Company hereby grants to the Employee an award of Performance Shares
(“Performance Shares”), as set forth in the Notice of Grant of Performance Shares and subject to
the terms and conditions in this Agreement and the Company’s 2006 Equity Incentive Plan (the
“Plan”). Unless otherwise defined herein, the terms defined in the Plan shall have the same
defined meanings in this Performance Share Agreement.

     2. Company’s Obligation. Each Performance Share represents the right to receive a
Share on the vesting date. Unless and until the Performance Shares vest, the Employee will have no
right to receive Shares under such Performance Shares. Prior to actual distribution of Shares
pursuant to any vested Performance Shares, such Performance Shares will represent an unsecured
obligation of the Company, payable (if at all) only from the general assets of the Company.

     3. Vesting Schedule. Subject to paragraph 4, to Plan Section 16 and to any other
relevant Plan provisions, the Performance Shares awarded by this Agreement will vest in the
Employee according to the vesting schedule specified on the Notice of Grant attached hereto as
Exhibit A.

     4. Forfeiture upon Termination as Service Provider. Notwithstanding any contrary
provision of this Agreement or the Notice of Grant, if the Employee terminates service as a Service
Provider for any or no reason prior to vesting, the unvested Performance Shares awarded by this
Agreement will thereupon be forfeited at no cost to the Company.

     5. Payment after Vesting. Any Performance Shares that vest in accordance with paragraph 3
will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in
Shares, provided that to the extent determined appropriate by the Company, any national, state and
local withholding of taxes and/or social security contributions with respect to such Performance
Shares, if applicable, will be paid by the Employee pursuant to Section 18 below.

     6. Payments after Death. Any distribution or delivery to be made to the Employee
under this Agreement will, if the Employee is then deceased, be made to the administrator or
executor of the Employee’s estate. Any such administrator or executor 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. Rights as Stockholder. Neither the Employee nor any person claiming under or
through the Employee 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 the Employee or Employee’s broker.

     8. No Effect on Employment. The Employee’s employment with the Company and its
Subsidiaries is on an at-will basis only. Accordingly, the terms of the Employee’s employment with
the Company and its Subsidiaries will be determined from time to time by the Company or the
Subsidiary employing the Employee (as the case may be), and the Company or the Subsidiary will have
the right, which is hereby expressly reserved, to terminate or change the terms of the employment
of the Employee at any time for any reason whatsoever, with or without good cause or notice.

     9. Address for Notices. Any notice to be given to the Company under the terms of this
Agreement will be addressed to the Company at 1194 North Mathilda
Avenue Sunnyvale, California, 94089 Attn: Stock Administration, or at such other address as
the Company may hereafter designate in writing or electronically.

     10. Grant is Not Transferable. Except to the limited extent provided in paragraph 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.

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

     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 the Employee (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.

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

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     14. Administrator Authority. The Administrator will have the power to interpret the
Plan and this Agreement and to adopt such rules for the administration, interpretation and
application of the Plan as are consistent therewith and to interpret or revoke any such rules
(including, but not limited to, the determination of whether or not any Performance Shares have
vested). All actions taken and all interpretations and determinations made by the Administrator in
good faith will be final and binding upon Employee, 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 Agreement.

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

     16. Amendment, Suspension or Termination of the Plan. By accepting this award, the
Employee expressly warrants that he or she has received a right to receive stock under the Plan,
and has received, read and understood a description of the Plan. The Employee understands that the
Plan is discretionary in nature and may be modified, suspended or terminated by the Company at any
time.

     17. Notice of Governing Law. This grant of Performance Shares shall be governed by,
and construed in accordance with, the laws of the State of California without regard to principles
of conflict of laws.

     18. Withholding. Regardless of any action the Company or its affiliates takes with
respect to any or all income tax, social insurance, payroll tax or other tax-related withholding
(“Tax-Related Items”), the Employee acknowledges that the ultimate liability for all Tax-Related
Items legally due by the Employee is, and remains, the Employee’s responsibility and that the
Company and/or its affiliates (1) make no representations or undertakings regarding the treatment
of any Tax-Related Items in connection with any aspect of the Performance Shares, including the
grant of the Performance Shares, the vesting and delivery of the Performance Shares, the subsequent
sale of Shares acquired pursuant to the Performance Shares and the receipt of any dividends, if
any; and (2) do not commit to structure the terms of the Performance Shares or any aspect of the
Performance Shares to reduce or eliminate the Employee’s liability for Tax-Related Items.

     Prior to the vesting of Performance Shares, the Employee agrees to pay or make adequate
arrangements satisfactory to the Company and/or its affiliates to satisfy all withholding
obligations of the Company and/or its affiliates. In this regard, the Employee authorizes the
Company and/or its affiliates to withhold all applicable Tax-Related Items legally payable by the
Employee from his or her wages, within legal limits, or other cash compensation paid by the Company
and/or its affiliates or from proceeds of the sale of the Shares. The payment of such Tax-Related
Items shall generally be made through the Employee’s brokerage account designated by the Company;
provided, however, that at the Company’s discretion, it may permit the Employee to satisfy such
obligations in whole or in part by having the Company withhold

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otherwise deliverable Shares with a value equal to the minimum amount statutorily required to be withheld (“Net Withholding”). With
respect to payments from the Employee’s brokerage account, the Employee may choose to cover
the payment of Tax-Related Items through (i) cash on deposit at the broker, or (ii) by electing to
have the broker sell vested shares to cover taxes, social security contributions and related fees.
However, should the Employee’s account have insufficient funds, and if Net Withholding is not
permitted by the Company, the Employee will be deemed to have elected to have the broker sell
vested shares to cover taxes, social security contributions and related fees. The Employee
acknowledges and agrees that if the amount of withholding taxes, social security contributions and
related fees satisfied by selling vested shares or by Net Withholding exceeds the amount remitted
by the Company, the Company will refund the excess amount to him or her within a reasonable period
without any interest. Finally, the Employee shall pay to the Company and/or its affiliates any
amount of Tax-Related Items that may be required to withhold as a result of participation in the
Plan that cannot be satisfied by the means previously described. The Company may refuse to deliver
the Shares if Employee fails to comply with his or her obligations in connection with the
Tax-Related Items as described in this section.

     19. Nature of the Grant. In accepting the grant, Employee acknowledges that:

          a. the Plan is established voluntarily by the Company, it is discretionary in nature and it
may be modified, amended, suspended or terminated by the Company at any time, unless otherwise
provided in the Plan and this letter;

          b. the grant of the Performance Shares is voluntary and occasional and does not create any
contractual or other right to receive future Performance Share grants, or benefits in lieu of
Performance Shares, even if Performance Shares have been granted repeatedly in the past;

          c. all decisions with respect to future Performance Shares, if any, will be at the sole
discretion of the Company;

          d. participation in the Plan shall not create a right to further employment with the
Employee’s employer and shall not interfere with the ability of the Employee’s employer to
terminate the Employee’s employment relationship at any time with or without cause;

          e. the Employee is voluntarily participating in the Plan;

          f. the Performance Shares are an extraordinary item that does not constitute compensation of
any kind for services of any kind rendered to the Company or to the Employee’s employer, and which
is outside the scope of the Employee’s employment contract, if any;

          g. the Performance Shares are not part of normal or expected compensation or salary for any
purpose, including, but not limited to, calculating any severance, resignation, termination,
redundancy, end of service payments, bonuses, long-service Performance Shares, pension or
retirement benefits or similar payments;

          h. in the event that the Employee is not an employee of the Company, the Performance Shares
will not be interpreted to form an employment contract or relationship with

4

 

the Company; and furthermore, the Performance Shares will not be interpreted to form an employment
contract with any subsidiary or affiliate of the Company;

          i. the future value of the underlying Shares is unknown and cannot be predicted with
certainty;

          j. in consideration of the grant of the Performance Shares, no claim or entitlement to
compensation or damages shall arise from termination of the Performance Shares or diminution in
value of the Performance Shares or the Shares acquired through the Performance Shares which results
from termination of employment by the Company or its affiliates (for any reason whatsoever and
whether or not in breach of local labor laws) and the Employee irrevocably releases the Company or
its affiliates from any such claim that may arise; if, notwithstanding the foregoing, any such
claim is found by a court of competent jurisdiction to have arisen, then, by accepting the
Performance Shares, the Employee shall be deemed irrevocably to have waived his or her entitlement
to pursue such claim; and

          k. notwithstanding any terms or conditions of the Plan to the contrary, in the event of
involuntary termination of the Employee’s employment (whether or not in breach of local labor
laws), the Employee’s right to receive Performance Shares and vest in Performance Shares under the
Plan, if any, will terminate effective as of the date that the Employee is no longer actively
employed; furthermore, in the event of involuntary termination of employment (whether or not in
breach of local labor laws), the Employee’s right to receive Shares pursuant to the Performance
Shares, if any, will be measured by the date of termination of the Employee’s active employment.

     20. Data Privacy.

          By accepting the Performance Shares the Employee hereby explicitly and unambiguously consents
to the collection, use and transfer, in electronic or other form, of the Employee’s personal data
as described in this document by and among, as applicable, the Employee’s employer and the Company
and its subsidiaries and affiliates for the exclusive purpose of implementing, administering and
managing participation in the Plan.

          The Employee understands that the Company and the Employee’s employer hold certain personal
information about the Employee, including, but not limited to, his or her name, home address and
telephone number, date of birth, social insurance number or other identification number, salary,
nationality, job title, any Shares of stock or directorships held in the Company, details of all
Options or any other entitlement to Shares of stock Awarded, canceled, exercised, vested, unvested
or outstanding in the Employee’s favor, for the purpose of implementing, administering and managing
the Plan (“Data”). The Employee understands that Data may be transferred to any third parties
assisting in the implementation, administration and management of the Plan, that these recipients
may be located in the Employee’s country or elsewhere, and that the recipient’s country may have
different data privacy laws and protections than the Employee’s country. The Employee understands
that he or she may request a list with the names and addresses of any potential recipients of the
Data by contacting the local human resources

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representative. The Employee authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for
the purposes of implementing, administering and managing
participation in the Plan, including any requisite transfer of such Data as may be required to
a broker or other third party with whom the Employee may elect to deposit any Shares of stock
acquired through the Performance Shares. The Employee understands that Data will be held only as
long as is necessary to implement, administer and manage participation in the Plan. The Employee
understands that he or she may, at any time, view Data, request additional information about the
storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the
consents herein, without cost, by contacting in writing the local human resources representative.
The Employee understands, however, that refusing or withdrawing consent may affect his or her
ability to participate in the Plan. For more information on the consequences of refusal to consent
or withdrawal of consent, the Employee understands that the Employee may contact the local human
resources representative.

By your signature and the signature of the Company’s representative below, you and the Company
agree that this Grant is approved under and governed by the terms and conditions of the Plan and
this Agreement. Employee has reviewed the Plan and this Agreement in their entirety, has had an
opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands
all provisions of the Plan and this Agreement. Employee hereby agrees to accept as binding,
conclusive and final all decisions or interpretations of the Administrator upon any questions
relating to the Plan and Agreement. Employee further agrees to notify the Company upon any change
in the residence address indicated below.

IN WITNESS WHEREOF, the undersigned have executed this Performance Share Agreement

	 	 	 	 	 
	 	JUNIPER NETWORKS, INC.

 	 
	 	By:  	 	 
	 	 	 	 
	 	Employee: 	 	 
	 
	 	 	 
	 	 	 
	 	Date: 	 

6

 

	 	 	 	 	 

ATTACHMENT A

PERFORMANCE SHARE NOTICE OF GRANT

Employee Name:                                              

Date of Grant:                                              

Maximum number of Performance Shares ([     ] % of total Target number):                                         

Total target number:                                              

Annual target amount:                                              

Vesting:

7

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