Document:

Exhibit 4.5

 

WORKDAY, INC.

2022
Equity Incentive Plan

GLOBAL NOTICE OF RESTRICTED STOCK UNIT AWARD1

 

Unless otherwise defined herein, the terms defined in the Workday, Inc.
(“Workday”) 2022 Equity Incentive Plan (the “Plan”) will have the same meanings in
this Global Notice of Restricted Stock Unit Award and the electronic representation of this Global Notice of Restricted Stock Unit Award
established and maintained by Workday or a third party designated by Workday (this “Notice”).

 

		Name:	

 

		Address:	

 

You (“Participant”)
have been granted an award of Restricted Stock Units (“RSUs”) under the Plan subject to the terms and conditions
of the Plan, this Notice and the attached Global Restricted Stock Unit Award Agreement (the “Agreement”), including
any applicable jurisdiction-specific provisions in the appendices attached hereto (the “Appendices”), which
constitute part of the Agreement.

 

Grant Number:

Number of RSUs:

Date of Grant:

Vesting Commencement Date:

		Expiration Date:	The
                                            earlier to occur of: (a) the date on which settlement of all RSUs granted hereunder
                                            occurs and (b) the tenth anniversary of the Date of Grant. This RSU expires earlier
                                            if Participant’s Service terminates earlier, as described in the Agreement.

 

By accepting (whether in writing, electronically or otherwise) the
RSUs, Participant acknowledges and agrees to the following:

 

		1)	Participant understands that Participant’s
                                            service with Workday or a Parent or Subsidiary or Affiliate is for an unspecified duration,
                                            can be terminated at any time (i.e., is “at-will”), subject to applicable
                                            law and/or employment or service agreement, and that nothing in this Notice, the Agreement
                                            or the Plan changes the nature of that relationship. Participant acknowledges that the vesting
                                            of the RSUs pursuant to this Notice is subject to Participant’s continuing service
                                            as an Employee, Director or Consultant. If Participant’s service is Terminated for
                                            any reason (regardless of whether the termination is in breach of employment laws in the
                                            jurisdiction where Participant is employed or is later found to be invalid), such Termination
                                            will be considered effective on the date Participant ceases to provide services to Workday
                                            or one of its Parents, Subsidiaries or Affiliates and, unless explicitly required by applicable
                                            legislation or determined by Workday, or in the case of Insiders, the Committee, Participant's
                                            period of service for purposes of the RSUs will not be extended by any notice period or garden
                                            leave mandated under employment laws in the jurisdiction where Participant is employed or
                                            the terms of Participant’s employment agreement. Unless otherwise expressly provided
                                            in the Plan or the Agreement or determined by the Committee, Participant’s right to
                                            vest in the RSUs under the Plan, if any, will terminate as of such date. To the extent permitted
                                            by applicable law, Participant agrees and acknowledges that the Vesting Schedule may change
                                            prospectively in the event that Participant’s service status changes between full-
                                            and part-time and/or in the event Participant is on a leave of absence, in accordance with
                                            Workday policies relating to work schedules and vesting of Awards or as determined by the
                                            Committee.

 

		2)	This grant is made under and governed
                                            by the Plan, the Agreement and this Notice, and this Notice is subject to the terms and conditions
                                            of the Agreement and the Plan, both of which are incorporated herein by reference. Participant
                                            has read the Notice, the Agreement, and the Plan.

 

		3)	Participant has read Workday’s
                                            Insider Trading Policy, and agrees to comply with such policy, as it may be amended from
                                            time to time, whenever Participant acquires, disposes of, or otherwise transacts in Workday’s
                                            securities.

 

		4)	By accepting the RSUs, Participant consents
                                            to electronic delivery and participation as set forth in the Agreement.

 

If you wish to decline your RSUs, you
should promptly notify our Stock Plan Administrator at stock.admin@workday.com. If you do not provide such notification within thirty
(30) days after the Date of Grant, you will be deemed to have accepted your RSUs on the terms and conditions set forth herein.

 

 

 1 The specific information provided in this Notice
may be delivered in electronic form.

 

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WORKDAY, INC.

2022 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

 

The Compensation Committee of the Board of Directors
(the “Committee”) of Workday, Inc. (“Workday”) has granted to Participant a
Restricted Stock Unit Award (“RSU”) under Workday’s 2022 Equity Incentive Plan (the “Plan”).
Unless otherwise defined herein, the terms defined in the Plan will have the same defined meanings in this Restricted Stock Unit Award
Agreement (the “Agreement”) and the electronic representation of the Notice of Restricted Stock Unit Award
established and maintained by Workday, or a third party designated by Workday (the “Notice”). The RSU is subject
to the terms, restrictions and conditions of the Plan, the Notice and this Agreement, including any applicable jurisdiction-specific
provisions in the appendices attached hereto (the “Appendices”), which constitute part of this Agreement. In
the event of a conflict between the terms and conditions of the Plan and the terms and conditions of the Notice or this Agreement, the
terms and conditions of the Plan will prevail.

 

1.            Terms.
The number of RSUs provided by the Award and the applicable Vesting Schedule(s) are set forth in the Notice. Subject to the
applicable provisions of the Plan and this Agreement and Workday’s Vesting Acceleration Policy for Death and Permanent Disability,
as may be amended from time to time, Participant’s RSU shall vest provided he or she provides continuous service to Workday or
its Subsidiaries during the Vesting Schedule(s).

 

2.            Settlement.
Settlement of RSUs will be made within the calendar year in which the applicable date of vesting under the Vesting Schedule(s) set
forth in the Notice occurs or, if later, the fifteen (15th) day of the third (3rd) calendar
month following the date of vesting (provided that the Employee will not be permitted, directly or indirectly, to designate the taxable
year of the payment). Settlement of RSUs will be in Shares. No fractional RSUs or rights for fractional Shares will be created
pursuant to this Agreement.

 

3.            No
Stockholder Rights. Unless and until such time as Shares are issued in settlement of vested RSUs, Participant will have no ownership
of the Shares allocated to the RSUs and will have no right to dividends or to vote such Shares.

 

4.            Dividend
Equivalents. Dividends, if any (whether in cash or Shares), will not be credited to Participant.

 

5.            Non-Transferability
of RSUs. The RSUs and any interest therein will not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed
of in any manner other than by will or by the laws of descent or distribution or unless otherwise permitted by the Committee on a case-by-case
basis.

 

6.            Termination.

 

(a)            General
Termination. If Participant’s service Terminates for any reason, all unvested RSUs will be forfeited to Workday forthwith
without payment of any consideration to Participant, and all rights of Participant to such RSUs will immediately terminate (unless as
set forth in Workday’s Vesting Acceleration Policy for Death and Permanent Disability, as may be amended or terminated from time
to time, if applicable, and unless determined otherwise by the Committee and regardless of the reason for such Termination and whether
or not later found to be invalid or in breach of employment laws in the jurisdiction where Participant is providing services or the terms
of Participant’s employment or service agreement, if any). Workday, or in the case of Insiders, the Committee will have sole discretion
to determine whether a Participant has ceased to provide services for purposes of the Plan and the effective date on which the Participant
ceased to provide services (the “Termination Date”), as provided in the Plan. For purposes of the RSUs, the
Termination Date will be the date Participant ceases to provide services to Workday or one of its Parents, Subsidiaries or Affiliates
and, unless explicitly required by applicable legislation or determined by Workday, or in the case of Insiders, the Committee, Participant's
period of service for purposes of the RSUs will not be extended by any notice period or garden leave mandated under employment laws in
the jurisdiction where Participant is employed or the terms of Participant’s employment agreement.

 

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(b)            Change
in Service Status. Participant acknowledges and agrees that the Vesting Schedule(s) may change prospectively in the event
Participant’s service status changes between full- and part-time and/or in the event Participant is on a leave of absence, in accordance
with Workday policies relating to work schedules and vesting of Awards or as determined by the Committee. A change in status from an
Employee to a Consultant or a Non-Employee Director (or vice versa) will not result in a Termination, unless otherwise determined by
the Committee.

 

7.            Responsibility
for Taxes. Participant acknowledges that, regardless of any action taken by Workday or, if different, Participant’s employer
(the “Employer”) the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits
tax, payment on account or other tax-related items related to Participant’s participation in the Plan and legally applicable or
deemed applicable to Participant (“Tax-Related Items”), is and remains Participant’s responsibility and
may exceed the amount, if any, actually withheld by Workday or the Employer. Participant further acknowledges that Workday and/or the
Employer (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect
of the RSUs, including, but not limited to, the grant, vesting or settlement of the RSUs and the subsequent sale of Shares acquired pursuant
to such settlement and the receipt of any dividends; and (2) do not commit to and are under no obligation to structure the terms
of the grant or any aspect of the RSUs to reduce or eliminate Participant’s liability for Tax-Related Items or achieve any particular
tax result. Further, if Participant is subject to Tax-Related Items in more than one jurisdiction, Participant acknowledges that Workday
and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one
jurisdiction. PARTICIPANT SHOULD CONSULT A TAX ADVISER APPROPRIATELY QUALIFIED IN THE JURISDICTIONS(S) IN WHICH PARTICIPANT RESIDES
OR IS OTHERWISE SUBJECT TO TAXATION.

 

Prior to any relevant taxable or tax withholding
event, as applicable, to the extent permitted by applicable law, Participant agrees to make arrangements satisfactory to Workday and/or
the Employer to satisfy all Tax-Related Items. In this regard, Participant authorizes Workday and/or the Employer, or their respective
agents, at their discretion, to satisfy any withholding obligations or rights for all Tax-Related Items, if any, by one or a combination
of the following:

 

(i)            withholding
from proceeds of the sale of Shares acquired upon settlement of the RSUs either through a voluntary sale or through a mandatory sale
arranged by Workday (on Participant’s behalf pursuant to this authorization and without further consent);

 

(ii)           withholding
in Shares to be issued upon settlement of the RSUs;

 

(iii)          withholding
from Participant’s wages or other cash compensation payable to Participant by Workday and/or the Employer or any Parent, Subsidiary
or Affiliate;

 

(iv)           Participant’s
payment of a cash amount (including by check representing readily available funds or a wire transfer); or

 

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(v)            any
other arrangement approved by the Committee and permitted under applicable law,

 

in each case, under such rules as may be
established by the Committee and in compliance with this Plan, Workday’s Insider Trading Policy and any 10b5-1 Trading Plan Policy,
if applicable. Notwithstanding the foregoing, if Participant is subject to Section 16 of the Exchange Act, Workday will satisfy
the obligations with regard to all Tax-Related Items by a mandatory sale, unless the Committee shall establish an alternative method
of withholding prior to the taxable or withholding event.

 

Workday may withhold or account for Tax-Related
Items by considering applicable statutory withholding amounts or other applicable withholding rates in Participant’s jurisdiction(s),
including minimum rates or up to the maximum rates applicable in Participant’s jurisdiction(s). In the event the application of
the withholding rate determined by Workday leads to over-withholding, Participant may receive a refund of any over-withheld amount in
cash from Workday or the Employer (and will have no entitlement to the equivalent value in Shares) or, if not refunded by Workday or
the Employer, Participant may be able to seek a refund from the applicable tax authority. In the event of under-withholding by Workday
or the Employer for any reason, Participant may be required to pay any additional Tax-Related Items directly to the applicable tax authority.
If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, Participant will be deemed to have been
issued the full number of Shares subject to the vested RSUs, notwithstanding that a number of the Shares are held back solely for the
purpose of satisfying the withholding obligation for Tax-Related Items. Unless otherwise required by applicable law or otherwise determined
by the Committee, the Fair Market Value of these Shares, determined as of the effective date when taxes otherwise would have been withheld
in cash, will be applied as a credit against the Tax-Related Items withholding.

 

Finally, Participant agrees to pay to Workday
or the Employer any amount of Tax-Related Items that Workday or the Employer may be required to withhold or account for as a result of
Participant’s participation in the Plan that cannot be satisfied by the means previously described. Workday may refuse to issue
or deliver the Shares or the proceeds of the sale of Shares, if Participant fails to comply with Participant’s obligations in connection
with the Tax-Related Items.

 

8.            Nature
of Grant. By accepting the RSUs (whether in writing, electronically or otherwise), Participant acknowledges, understands and
agrees that:

 

(a)            the
Plan is established voluntarily by Workday, it is discretionary in nature and it may be modified, amended, suspended or terminated by
Workday at any time, to the extent permitted by the Plan;

 

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

 

(c)            all
decisions with respect to future RSU or other grants, if any, will be at the sole discretion of Workday;

 

(d)            the
RSU grant and Participant’s participation in the Plan will not create a right to employment or be interpreted as forming or amending
an employment or services contract with Workday, the Employer or any Parent, Subsidiary or Affiliate and shall not interfere with any
ability Workday, the Employer or any Parent, Subsidiary or Affiliate, as applicable, may have to Terminate Participant’s employment
or service;

 

(e)            Participant
is voluntarily participating in the Plan;

 

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(f)            the
RSUs and the Shares subject to the RSUs and the income from and value of same are not intended to replace any pension rights or compensation;

 

(g)            the
RSUs and the Shares subject to the RSUs, and the income from and value of same, are not part of normal or expected compensation for any
purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments,
bonuses, holiday pay, long-service awards, pension or retirement or welfare benefits or similar mandatory payments;

 

(h)            the
future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty;

 

(i)            no
claim or entitlement to compensation or damages will arise from forfeiture of the RSUs resulting from (1) the application of any
compensation recovery or clawback policy adopted by Workday or otherwise required by law, or (2) Participant’s Termination
(regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction
where Participant is employed or the terms of Participant’s employment agreement, if any);

 

(j)            unless
otherwise provided in the Plan or by Workday in its discretion, the RSUs and the benefits evidenced by this Agreement do not create any
entitlement to have the RSUs or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted
for, in connection with any Corporate Transaction affecting the Shares;

 

(k)            unless
otherwise agreed with Workday, the RSUs and the underlying Shares, and the income from and value of same, are not granted as consideration
for, or in connection with, the service Participant may provide as a director of a Subsidiary, Parent and Affiliate; and

 

(l)            neither
Workday, the Employer nor any Parent, Subsidiary or Affiliate will be liable for any foreign exchange rate fluctuation between Participant’s
local currency and the United States Dollar that may affect the value of the RSUs or of any amounts due to Participant pursuant to the
settlement of the RSUs or the subsequent sale of any Shares acquired upon settlement.

 

9.            No
Advice Regarding Grant. Workday is not providing any tax, legal or financial advice, nor is Workday making any recommendations
regarding Participant’s participation in the Plan, or Participant’s acquisition or sale of the underlying Shares. Participant
acknowledges, understands and agrees that Participant should consult with his or her own personal tax, legal and financial advisors regarding
his or her participation in the Plan before taking any action related to the Plan.

 

10.          Language.
Participant acknowledges and represents that he or she is proficient in the English language or has consulted with an advisor who
is sufficiently proficient in English, as to allow Participant to understand the terms of this Agreement, including the Appendix and
any other documents related to the Plan. If Participant has received this Agreement or any other document related to the Plan translated
into a language other than English and if the meaning of the translated version is different than the English version, the English version
will control.

 

11.          Jurisdiction-Specific
Provisions. Notwithstanding any provisions in this Agreement, the RSU grant will be subject to any special terms and conditions
for Participant’s jurisdiction set forth in the Appendices. Moreover, if Participant relocates to one of the jurisdictions included
in the Appendices, the special terms and conditions for such jurisdiction will apply to Participant, to the extent Workday determines
that the application of such terms and conditions is necessary or advisable for legal or administrative reasons. The Appendices constitute
part of this Agreement.

 

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12.          Imposition
of Other Requirements. Workday reserves the right to impose other requirements on Participant’s participation in the Plan,
on the RSUs and on any Shares acquired under the Plan, to the extent Workday determines it is necessary or advisable for legal or administrative
reasons, and to require Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

 

13.          Entire
Agreement; Enforcement of Rights. This Agreement, the Plan and the Notice constitute the entire agreement and understanding of
the parties relating to the subject matter herein and supersede all prior discussions between them. Any prior agreements, commitments
or negotiations concerning the purchase of the Shares hereunder are superseded. No adverse modification of or adverse amendment to this
Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing and signed by the parties to this Agreement
(which writing and signing may be electronic). The failure by either party to enforce any rights under this Agreement will not be construed
as a waiver of any rights of such party.

 

14.          Compliance
with Laws and Regulations. The issuance of Shares will be subject to and conditioned upon compliance by Workday and Participant
with all applicable U.S. and non-U.S. local, state and federal laws and regulations and with all applicable requirements of any stock
exchange or automated quotation system on which Workday’s Common Stock may be listed or quoted at the time of such issuance or
transfer. Participant understands that Workday is under no obligation to register or qualify the Shares with any U.S. state or federal
or any non-U.S. securities commission or to seek approval or clearance from any governmental authority for the issuance or sale of the
Shares. Further, Participant agrees that Workday shall have unilateral authority to amend the Plan and this Agreement without Participant’s
consent to the extent necessary to comply with securities or other laws applicable to issuance of Shares. Finally, the Shares issued
pursuant to this Agreement shall be endorsed with appropriate legends, if any, determined by Workday.

 

15.          Severability.
If one or more provisions of this Agreement are held to be unenforceable under applicable law, such provision(s) will be enforced
to the maximum extent possible given the intent of the parties hereto and the parties agrees to renegotiate any unenforceable provision
in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such unenforceable provision,
then (i) such provision will be excluded from this Agreement, (ii) the balance of this Agreement will be interpreted as if
such provision were so excluded and (iii) the balance of this Agreement will be enforceable in accordance with its terms.

 

16.          Governing
Law and Venue. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto
will be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving effect to such state’s
principles of conflict of laws.

 

Any and all disputes relating to, concerning
or arising from this Agreement, or relating to, concerning or arising from the relationship between the parties evidenced by the Plan
or this Agreement, will be brought and heard exclusively in the United States District Court for the Northern District of California
or the Superior Court of California, Alameda County. Each of the parties hereby represents and agrees that such party is subject to the
personal jurisdiction of said courts; hereby irrevocably consents to the jurisdiction of such courts in any legal or equitable proceedings
related to, concerning or arising from such dispute, and waives, to the fullest extent permitted by law, any objection which such party
may now or hereafter have that the laying of the venue of any legal or equitable proceedings related to, concerning or arising from such
dispute which is brought in such courts is improper or that such proceedings have been brought in an inconvenient forum.

 

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17.          No
Rights as Employee, Director or Consultant. Nothing in this Agreement will affect in any manner whatsoever any right or power
Workday, the Employer or any Parent, Subsidiary or Affiliate many have, to terminate Participant’s service, for any reason, with
or without Cause.

 

18.          Insider
Trading / Market Abuse Laws. Participant may be subject to insider trading restrictions and/or market abuse laws in applicable
jurisdictions, including, but not limited to, the United States and, if different, Participant’s country, which may affect Participant’s
ability to directly or indirectly accept, acquire, sell or otherwise dispose of Shares, rights to Shares (e.g., Restricted Stock
Units) or rights linked to the value of Shares under the Plan during such times as Participant is considered to have “inside information”
regarding Workday (as defined by the laws in the applicable jurisdictions). Local insider trading laws and regulations may prohibit the
cancellation or amendment of orders Participant placed before possessing the inside information. Furthermore, Participant may be prohibited
from (i) disclosing the inside information to any third party, including fellow employees (other than on a “need to know”
basis) and (ii) “tipping” third parties or causing them to otherwise buy or sell securities. Any restrictions under
these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Workday insider
trading policy and/or any Workday 10b5-1 trading plan. Neither Workday nor any Parent, Subsidiary or Affiliate will be responsible for
such restrictions or liable for the failure on Participant’s part to know and abide by such restrictions. Participant should consult
with his or her own personal legal advisers to ensure compliance with local laws. In addition, Participant acknowledges that he or she
read Workday’s Insider Trading Policy, and agrees to comply with such policy, as it may be amended from time to time, whenever
Participant acquires, disposes of, or otherwise transacts in Workday’s securities.

 

19.          Foreign
Asset/Account and Tax Reporting Requirements and Exchange Controls. Participant acknowledges that his or her country may have
certain foreign asset and/or foreign account reporting and/or tax reporting requirements and exchange controls which may affect Participant’s
ability to acquire or hold Shares purchased under the Plan or cash received from participating in the Plan (including from any dividends
paid on or sales proceeds arising from the sale of Shares acquired under the Plan) in a brokerage or bank account outside Participant’s
country. Participant may be required to report such accounts, assets or transactions to the tax or other authorities in his or her country.
Participant also may be required to repatriate sale proceeds or other funds received as a result of his or her participation in the Plan
to Participant’s country through a designated bank or broker and/or within a certain time after receipt. Participant acknowledges
that it is Participant’s responsibility comply with such regulations, and Participant should consult a personal legal advisor for
any details.

 

20.          Code
Section 409A. 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 Internal Revenue Code and the regulations thereunder
(“Section 409A”). Notwithstanding anything else provided herein, to the extent any payments provided under
this Agreement in connection with Participant’s termination of employment constitute deferred compensation subject to Section 409A,
and Participant is deemed at the time of such termination of employment to be a “specified employee” under Section 409A,
then such payment will not be made or commence until the earlier of (i) the expiration of the six-month period measured from Participant’s
separation from service from Workday or (ii) the date of Participant’s death following such a separation from service; provided,
however, that such deferral will only be effected to the extent required to avoid adverse tax treatment to Participant including, without
limitation, the additional tax for which Participant would otherwise be liable under Section 409A(a)(1)(B) in the absence of
such a deferral. To the extent any payment under this Agreement may be classified as a “short-term deferral” within the meaning
of Section 409A, such payment will be deemed a short-term deferral, even if it may also qualify for an exemption from Section 409A
under another provision of Section 409A. Payments pursuant to this section are intended to constitute separate payments for purposes
of Section 1.409A-2(b)(2) of the Treasury Regulations.

 

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21.          Award
Subject to Workday Clawback or Recoupment. To the extent permitted by applicable law, the RSUs will be subject to clawback or
recoupment pursuant to any compensation clawback or recoupment policy adopted by the Board or Compensation Committee or required by law
during the term of Participant’s employment or other service that is applicable to Participant. In addition to any other remedies
available under such policy and applicable law, Workday may require the cancellation of Participant’s RSUs (whether vested or unvested)
and the recoupment of any gains realized with respect to Participant’s RSUs.

 

22.          Acknowledgment;
Consent to Electronic Delivery of All Plan Documents and Disclosures. By Participant’s acceptance (whether in writing,
electronically or otherwise) of the Notice, Participant and Workday agree that the RSUs are granted under and governed by the terms and
conditions of the Plan, the Notice and this Agreement. Participant acknowledges receipt of a copy of the Plan, the Plan prospectus, the
Notice and this Agreement and hereby accepts the RSUs subject to all of the terms and conditions set forth herein and those set forth
in the Plan and the Notice. Participant has reviewed the Plan, the Plan prospectus, the Notice 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, the Plan prospectus, the Notice and this Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions
or interpretations of the Committee upon any questions relating to the Plan, the Notice and this Agreement. Participant further agrees
to notify Workday upon any change in Participant’s residence address.

 

By acceptance of the RSUs, Participant agrees
to participate in the Plan through an on-line or electronic system established and maintained by Workday or a third party designated
by Workday and consents to the electronic delivery of the Notice, this Agreement, the Plan, account statements, Plan prospectuses required
by the U.S. Securities and Exchange Commission, U.S. financial reports of Workday, and all other documents that Workday is required to
deliver to its security holders (including, without limitation, annual reports and proxy statements) or other communications or information
related to the RSUs and current or future participation in the Plan. Electronic delivery may include the delivery of a link to a Workday
intranet or the internet site of a third party involved in administering the Plan, the delivery of the document via e-mail or such other
delivery determined at Workday’s discretion. Participant acknowledges that Participant may receive from Workday a paper copy of
any documents delivered electronically at no cost if Participant contacts Workday by telephone, through a postal service or electronic
mail at Stock Administration. Participant further acknowledges that Participant will be provided with a paper copy of any documents delivered
electronically if electronic delivery fails; similarly, Participant understands that Participant must provide on request to Workday or
any designated third party a paper copy of any documents delivered electronically if electronic delivery fails. Also, Participant understands
that Participant’s consent may be revoked or changed, including any change in the electronic mail address to which documents are
delivered (if Participant has provided an electronic mail address), at any time by notifying Workday of such revised or revoked consent
by telephone, postal service or electronic mail through Stock Administration. Finally, Participant understands that Participant is not
required to consent to electronic delivery.

 

By accepting (whether in writing, electronically
or otherwise) the RSUs, Participant acknowledges and agrees to the following:

 

Participant understands that Participant’s
employment or consulting relationship or service with Workday, Inc. or a Parent, Subsidiary or Affiliate is for an unspecified duration,
can be terminated at any time (i.e., is at will), subject to applicable law and/or employment or service agreement, and that nothing
in this Agreement, the Notice or the Plan changes the nature of that relationship. Participant acknowledges that the vesting of the RSUs
pursuant to this Notice is earned only by continuing service as an Employee, Director or Consultant. Participant also understands that
this Agreement is subject to the terms and conditions of both the Notice and the Plan, both of which are incorporated herein by reference.
Participant has read the Agreement, the Notice and the Plan. By accepting the RSUs, Participant consents to the electronic delivery as
set forth in this Agreement.

 

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WORKDAY, INC.

 

 

By: Aneel Bhusri

Title: Co-founder, Co-Chief Executive Officer and Director

 

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APPENDIX A

 

WORKDAY, INC.

2022 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

 

DATA
PRIVACY PROVISIONS FOR EMPLOYEES OUTSIDE THE UNITED STATES

 

PART 1 - EUROPEAN
UNION, EUROPEAN ECONOMIC AREA, SWITZERLAND AND UNITED KINGDOM

 

Data Privacy Notice.

 

(a)            Data
Collection and Usage. Workday and any Parent, Subsidiary, or Affiliate, including the Employer, may control, collect, process and
use certain information, including, but not limited to, Participant’s name, home address and telephone number, email address, date
of birth, social insurance, passport or other identification number, salary, nationality, job title, any Shares or directorships held
in Workday, details of all restricted stock units or any other entitlement to Shares or equivalent benefits awarded, canceled, exercised,
vested, unvested or outstanding in Participant’s favor, for the purposes of implementing, administering and managing the Plan.
Processing of personal data for Plan purposes will be necessary for the performance of the Agreement or in the legitimate interests of
Workday, the Employer, any Parent, Subsidiary, Affiliate or a third party which are not overridden by Participant privacy rights, interests
or freedoms on balance.

 

(b)            Stock
Plan Administration Service Providers. Workday transfers relevant Plan information, including Participant personal data to E*Trade
Financial Corporate Services, Inc. and E*Trade Securities LLC (collectively, “E*Trade”), an independent service provider
based in the United States, which is assisting Workday with the implementation, administration and management of the Plan. Workday may
select a different service provider or additional service providers and share information including personal data with such other provider(s) serving
in a similar manner. Participant may be asked to agree on separate terms or acknowledge data processing practices with the service provider,
with such agreement or practice being a condition to the ability to participate in the Plan.

 

(c)            International
Data Transfers. Workday, E*Trade and relevant service providers are based in the United States. Personal data will be processed in
the United States and other international locations in connection with global operations from time to time. Participant’s jurisdiction
may have different data privacy laws. To protect data privacy rights, Workday maintains a program to implement international data transfer
safeguards, this may include entering approved standard contractual clauses with data importers where required by Participant’s
local jurisdiction laws.

 

(d)            Data
Retention. Personal data will be processed only as long as is necessary to implement, administer and manage Participant’s participation
in the Plan, or as required to comply with legal or regulatory obligations, including under tax securities, exchange control and labor
laws. This period may extend beyond when Participant’s service Terminates. When Workday no longer needs personal data, Workday
will remove it from its systems to the fullest extent reasonably practicable. If Workday keeps personal data longer, it would be to satisfy
legal or regulatory obligations and Workday’s legal basis, where required, would include the relevant laws or regulations.

 

    10

     

    

 

(e)           Data
Subject Rights. Participant may have a number of rights under data privacy laws in Participant’s jurisdiction. Depending on
where Participant is based and relevant data privacy laws regulating the processing activity, such rights may include the right to (i) request
access or copies of personal data Workday processes, including a summary of processing activities and recipient categories, (ii) rectification,
(iii) deletion or erasure, (iv) restrictions on processing, (v) portability and/or (vi) lodge complaints with competent
authorities in Participant’s jurisdiction. To receive clarification regarding this data privacy notice, these rights or to exercise
applicable rights in relation to the personal data processed by Workday, Participant can make an electronic request via Workday’s
Privacy Portal or write to the office address specified in Workday’s Employment Privacy Statement.

 

(f)            Workday’s
Employment Privacy Statement. Further information on Workday’s data privacy practices can be found within Workday’s Employment
Privacy Statement which supplements this data privacy notice.

 

PART 2 - COUNTRIES OUTSIDE THE EUROPEAN UNION, EUROPEAN
ECONOMIC AREA, SWITZERLAND AND UNITED KINGDOM

 

Data Privacy Notice and Consent.

 

(a)           Data
Collection and Usage. Workday and any Parent, Subsidiary, or Affiliate, including the Employer, may collect, process and use certain
personal information about Participant, including, but not limited to, Participant’s name, home address and telephone number, email
address, date of birth, social insurance, passport or other identification number, salary, nationality, job title, any Shares or directorships
held in Workday, details of all restricted stock units or any other entitlement to Shares or equivalent benefits awarded, canceled, exercised,
vested, unvested or outstanding in Participant’s favor (“Data”), for the purposes of implementing, administering and
managing the Plan. The legal basis, where required, for the processing of Data is Participant’s consent.

 

(b)            Stock
Plan Administration Service Providers. Workday transfers Data to E*Trade Financial Corporate Services, Inc. and E*Trade Securities
LLC (collectively, “E*Trade”), an independent service provider based in the United States, which is assisting Workday with
the implementation, administration and management of the Plan. Workday may select a different service provider or additional service providers
and share Data with such other provider(s) serving in a similar manner. Participant may be asked to agree on separate terms and data
processing practices with the service provider, with such agreement being a condition to the ability to participate in the Plan.

 

(c)           International
Data Transfers. Workday and its service providers are based in the United States. Participant’s country or jurisdiction may
have different data privacy laws and protections than the United States. Workday’s legal basis, where required, for the transfer
of Data is Participant’s consent.

 

(d)           Data
Retention. Workday will hold and use Data only as long as is necessary to implement, administer and manage Participant’s participation
in the Plan, or as required to comply with legal or regulatory obligations, including under tax securities, exchange control and labor
laws. This period may extend beyond when Participant’s service Terminates. When Workday no longer needs the Data, Workday will remove
it from its systems to the fullest extent reasonably practicable. If Workday keeps Data longer, it would be to satisfy legal or regulatory
obligations and Workday’s legal basis, where required, would be the relevant laws or regulations.

 

    11

     

    

 

(e)           Voluntariness
and Consequences of Consent Denial or Withdrawal. Participation in the Plan is voluntary and Participant is providing the consents
herein on a purely voluntary basis. If Participant does not consent, or if Participant later seeks to revoke his or her consent, Participant’s
salary from or employment and career with the Employer will not be affected; the only consequence of refusing or withdrawing Participant’s
consent is that Workday would not be able to grant RSUs or other equity awards to Participant or administer or maintain such awards.

 

(f)            Data
Subject Rights. Participant may have a number of rights under data privacy laws in Participant’s jurisdiction. Depending on
where Participant is based, such rights may include the right to (i) request access or copies of Data Workday processes, (ii) rectification
of incorrect Data, (iii) deletion of Data, (iv) restrictions on processing of Data, (v) portability of Data, (vi) lodge
complaints with competent authorities in Participant’s jurisdiction, and/or (vii) receive a list with the names and addresses
of any potential recipients of Data. To receive clarification regarding this data privacy notice, these rights or to exercise applicable
rights in relation to the personal data processed by Workday, Participant can make an electronic request via Workday’s Privacy Portal
or write to the office address specified in Workday’s Employment Privacy Statement.

 

(g)           Workday’s
Employment Privacy Statement. Further information on Workday’s data privacy practices can be found within Workday’s Employment
Privacy Statement which supplements this data privacy notice.

 

By accepting the RSUs and indicating consent
via Workday’s acceptance procedure, Participant is declaring that Participant agrees with the data processing practices described
herein and consents to the collection, processing and use of Data by Workday and the transfer of Data to the recipients mentioned above,
including recipients located in countries which may not provide the same level of protection as Participant's country from a data protection
perspective, for the purposes described above.

 

    12

     

    

 

APPENDIX
B

 

WORKDAY, INC.

2022 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

 

JURISDICTION-SPECIFIC
PROVISIONS FOR EMPLOYEES OUTSIDE THE U.S.

 

Terms and Conditions

 

This Appendix B includes additional terms and
conditions that govern the RSUs granted to Participant under the Plan if Participant resides and/or works in one of the jurisdictions
below. This Appendix B forms part of the Agreement. Any capitalized term used in this Appendix B without definition will have the meaning
ascribed to it in the Notice, the Agreement or the Plan, as applicable.

 

If Participant is a citizen or resident of a jurisdiction,
or is considered resident of a jurisdiction, other than the one in which Participant is currently working, or Participant transfers employment
and/or residency between jurisdictions after the Date of Grant, Workday will, in its sole discretion, determine to what extent the additional
terms and conditions included herein will apply to Participant under these circumstances.

 

Notifications

 

This Appendix B also includes information relating
to securities laws, exchange control, foreign asset/account reporting requirements and other issues of which Participant should be aware
with respect to Participant’s participation in the Plan. The information is based on the securities, exchange control and other
laws in effect in the respective jurisdictions as of March 2022. Such laws are often complex and change frequently. As a result,
Participant should not rely on the information herein as the only source of information relating to the consequences of Participant’s
participation in the Plan because the information may be out of date at the time that Participant vests in the RSUs or sells Shares acquired
under the Plan.

 

In addition, the information is general in nature
and may not apply to Participant’s particular situation, and Workday is not in a position to assure Participant of any particular
result. Accordingly, Participant should seek appropriate professional advice as to how the relevant laws in Participant’s jurisdiction
may apply to Participant’s situation.

 

Finally, if Participant is a citizen or resident
of a jurisdiction, or is considered resident of a jurisdiction, other than the one in which Participant is currently working, or Participant
transfers employment and/or residency after the Date of Grant, the information contained herein may not apply to Participant in the same
manner.

 

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AUSTRALIA

 

Terms and Conditions

 

Australia Class Order Exemption. The
offer of the RSUs is intended to comply with the provisions of the Corporations Act 2001, Australian Securities & Investments
Commission (“ASIC”) Regulatory Guide 49 and ASIC Class Order CO 14/1000. Additional details are set forth
in the Offer Document for the offer of RSUs to Australian resident Employees below.

 

Notifications

 

Tax Information. The Plan is a plan to
which Subdivision 83A-C of the Income Tax Assessment Act 1997 (Cth) applies (subject to the conditions in the Act).

 

Exchange Control Information. Exchange
control reporting is required for cash transactions exceeding AUD 10,000 and international fund transfers. The Australian bank assisting
with the transaction may file the report on Participant's behalf. If there is no Australian bank involved in the transfer, Participant
will be required to file the report. Participant should consult with his or her personal advisor to ensure proper compliance with applicable
reporting requirements in Australia.

 

    14

     

    

 

Offer Document

 

Workday is pleased to provide Participant with
this offer to participate in the Plan. This offer sets out information regarding the grant of RSUs to Australian resident Employees.

 

Documents Related to the RSUs

 

In addition to the information set out in the
Agreement, the Participant is also being provided with copies of the following documents:

 

		(a)	the Notice,
		(b)	the Plan,
		(c)	the U.S. Prospectus for the Plan, and
		(d)	the Employee Information Supplement for Australia

 

(collectively, the “Additional Documents”).

 

The Additional Documents provide further information
to help Participant make an informed investment decision about participating in the Plan. Neither the Plan nor the U.S. prospectus for
the Plan is a prospectus for the purpose of the Corporations Act 2001.

 

Participant should not rely upon any oral statements
made in relation to this offer. Participant should rely only upon the statements contained in the Agreement and the Additional Documents
when considering participation in the Plan.

 

General Information Only

 

The information contained in this offer is
general information only. It is not advice or information that takes into account Participant’s objectives, financial situation
and needs.

 

Participants should consider obtaining their
own financial product advice from an independent person who is licensed by ASIC to give advice about participation in the Plan.

 

Risks of Participating in the Plan

 

Investment in Shares involves a degree of risk.
Participants who elect to participate in the Plan should monitor their participation and consider all risk factors relevant to the acquisition
of Shares under the Plan as set out in the Agreement and the Additional Documents.

 

Participants should have regard to risk factors
relevant to investment in securities generally and, in particular, to the holding of Shares. For example, the price at which the Shares
are quoted on the Nasdaq Global Select Market may increase or decrease due to a number of factors. There is no guarantee that the price
of the Shares will increase. Factors which may affect the price of the Shares include fluctuations in the domestic and international market
for listed stocks, general economic conditions, including interest rates, inflation rates, commodity and oil prices, changes to government
fiscal, monetary or regulatory policies, legislation or regulation, the nature of the markets in which Workday operates and general operational
and business risks.

 

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Additional Risk Factors for Australian Residents

 

In addition, Participants in Australia should
be aware that the Australian dollar value of any Shares acquired under the Plan will be affected by the U.S. dollar/Australian dollar
exchange rate. Participation in the Plan involves certain risks related to fluctuations in this rate of exchange.

 

Common Stock in a U.S. Corporation

 

Shares of a U.S. corporation are analogous to
ordinary shares of an Australian corporation. Each holder of a Share is entitled to one vote for every Share.

 

Dividends may be paid on the Shares out of any
funds of Workday legally available for dividends at the discretion of the Board.

 

The Shares are traded on the Nasdaq Global Select
Market in the United States of America under the symbol “WDAY”.

 

The Shares are not liable to any further calls
for payment of capital or for other assessment by Workday and have no sinking fund provisions, pre-emptive rights, conversion rights or
redemption provisions.

 

Ascertaining the Market Price of Shares

 

Participants may ascertain the current market
price of the Shares as traded on the Nasdaq Global Select Market at http://www.nasdaq.com under the code “WDAY”. The
Australian dollar equivalent of that price can be obtained at https://www.rba.gov.au/statistics/frequency/exchange-rates.html.

 

This will not be a prediction of what the
market price per Share will be when the RSUs vest or when the Shares are issued or of the applicable exchange rate on the date the RSUs
vest or the date the Shares are issued.

 

    16

     

    

 

AUSTRIA

 

Notifications

 

Exchange Control Information. If Participant
holds securities (including Shares acquired under the Plan) or cash (including proceeds from the sale of Shares) outside of Austria, Participant
will be required to report certain information to the Austrian National Bank on an annual basis if the value of the shares as of December 31
meets or exceeds €5,000,000. The deadline for filing the annual report is January 31 of the following year.

 

In addition, when the Shares are sold or a dividend
is received, Participant may be required to comply with certain exchange control obligations if the cash proceeds from the sale are held
outside of Austria. If the transaction volume of all accounts abroad meets or exceeds €10,000,000, the movement and balances of all
accounts must be reported monthly, as of the last day of the month, on or before the 15th of the following month on the prescribed form
(Meldungen SI-Forderungen und/oder SI-Verpflichtungen).

 

BELGIUM

 

Notifications

 

Foreign Asset/Account Reporting Information.
If Participant is a Belgian resident, Participant is required to report any securities (e.g., Shares acquired under the Plan)
or bank account (including brokerage accounts) held outside Belgium on Participant’s annual tax return. In a separate report, Belgian
residents are required to provide the National Bank of Belgium with the account details of any such foreign accounts (including the account
number, bank name and country in which any such account was opened). This report, as well as additional information on how to complete
it, can be found on the website of the National Bank of Belgium, www.nbb.be.

 

CANADA

 

Terms and Conditions

 

Vesting/Termination. This provision supplements
or replaces, as applicable, the provisions on Termination and Termination Date set forth in Section 1 of the Global Notice of Restricted
Stock Unit Award and Section 6 of the Agreement as well as the “Termination” and “Termination Date” definitions
in Section 29 of the Plan (and, for the avoidance of doubt, the definition of “Termination Date” included herein replaces
the definition of “Termination Date” set forth in Section 6 of the Agreement and Section 29 of the Plan as permitted
by the Plan):

 

Workday, or in the case of Insiders, the Committee
will have sole discretion to determine whether a Participant has ceased to provide services for purposes of the Plan and the effective
date on which the Participant ceased to provide services (the “Termination Date”), as provided in the Plan.
For purposes of the RSUs, the Termination Date will be the date Participant is no longer actually providing services (regardless of the
reason for such termination and whether or not the termination is later found to be invalid or in breach of employment laws in the jurisdiction
where Participant is employed or otherwise rendering services or the terms of Participant’s employment or service agreement, if
any). Unless explicitly required by applicable legislation or determined by Workday, or in the case of Insiders,
the Committee, Participant's period of service for purposes of the RSUs will exclude and will not be extended by any period during
which notice, pay in lieu of notice or related payments or damages are provided or required to be provided under statute, contract, common/civil
law or otherwise. Participant will not earn, or be entitled to earn, any pro-rated vesting for that portion of time before the date on
which Participant’s right to vest terminates, nor will Participant be entitled to any compensation for lost vesting. Notwithstanding
the foregoing, if applicable employment standards legislation explicitly requires continued entitlement to vesting during a statutory
notice period, Participant’s right to vesting of Awards, if any, will terminate effective as of the last day of Participant’s
minimum statutory notice period, but Participant will not earn or be entitled to pro-rated vesting if the vesting date falls after the
end of Participant’s statutory notice period, nor will Participant be entitled to any compensation for lost vesting.

 

    17

     

    

 

Settlement.

 

This provision supplements Section 2 of the
Agreement:

 

Notwithstanding any discretion set forth in Section 9.1
of the Plan, settlement of RSUs will be in Shares only, as described herein, and not in cash or a combination of cash and Shares.

 

The following provisions apply to Participants
in Quebec:

 

Data Privacy. The following provision supplements
Part 2 of Appendix A.

 

Participant hereby authorizes Workday and Workday’s
representatives to discuss and obtain all relevant information from all personnel, professional or non-professional, involved with the
administration and operation of the Plan for purposes that relate to the administration of the Plan. Participant further authorizes Workday,
the Employer and/or any other Parent or Subsidiary to disclose and discuss such information with their advisors. Participant acknowledges
and agrees that Participant's personal information, including any sensitive personal information, may be transferred or disclosed outside
of the province of Quebec, including to the U.S. Participant also authorizes Workday, the Employer and/or any other Parent or Subsidiary
to record such information and to keep such information in Participant’s employment file. If applicable, Participant also acknowledges
and authorizes Workday, the Employer and/or any other Subsidiary or Affiliate involved in the administration of the Plan to use technology
for profiling purposes and to make automated decisions that may have an impact on Participant or the administration of the Plan.

 

Language Consent. The parties acknowledge
that it is their express wish that this Agreement, as well as all documents, notices and legal proceedings entered into, given or instituted
pursuant hereto or relating directly or indirectly hereto, be drawn up in English.

 

Consentement Relatif à la Langue
Utilisée. Les parties reconnaissent avoir exigé que cette convention [“Agreement”], ainsi que tous les documents,
avis et procédures judiciaries, éxecutés, donnés ou intentés en vertu de, ou lié directement
ou indirectement à la présente convention, soient rédigés en langue anglaise.

 

Notifications

 

Securities Law Information. Participant
understands he or she is permitted to sell Shares acquired through the Plan through the designated broker appointed under the Plan, if
any, provided the resale of Shares acquired under the Plan takes place outside of Canada through the facilities of a stock exchange on
which the Shares are listed. The Shares are currently listed on the Nasdaq Global Select Market (the “Nasdaq”).

 

Foreign Asset/Account Reporting Information.
Canadian residents are required to report foreign specified property, including Shares and rights to receive Shares (e.g., RSUs),
on form T1135 (Foreign Income Verification Statement) if the total cost of the foreign specified property exceeds C$100,000 at any time
during the year. RSUs must be reported (generally, at a nil cost) if the C$100,000 cost threshold is exceeded because of other foreign
specified property held by Participant. When Shares are acquired, their cost generally is the adjusted cost base (“ACB”)
of the Shares. The ACB would ordinarily equal the fair market value of the Shares at the time of acquisition, but if Participant owns
other Shares, this ACB may have to be averaged with the ACB of the other Shares.

 

    18

     

    

 

CHINA

 

Terms and Conditions

 

The following provisions govern Participant’s
participation in the Plan only if Participant is subject to exchange control restrictions in the People’s Republic of China (“China”),
as determined by Workday in its sole discretion.

 

Vesting and Settlement Conditions. This
section supplements Sections 1 and 2 of the Agreement:

 

Workday is under no obligation to vest RSUs or
issue Shares unless and until its registration application is approved by the Chinese State Administration of Foreign Exchange (“SAFE”).
Further, at Workday’s discretion, RSUs will not vest and Shares will not be issued if, at the time Participant’s RSUs are
otherwise scheduled to vest, the SAFE registration has become invalid or ceased to be effective for any reason. Further, RSUs will not
vest and the underlying Shares will not be issued unless and until Workday determines that such vesting and issuance of Shares complies
with all relevant laws and regulations.

 

Required Sale of Shares. To facilitate
compliance with exchange control laws in China, Workday may require that any Shares acquired upon the vesting and settlement of RSUs be
immediately sold. Workday is authorized to instruct E*Trade or such other broker as may be selected by Workday to assist with the mandatory
sale of such Shares (on Participant’s behalf pursuant to this authorization), and Participant expressly authorizes such broker to
complete the sale of such Shares. In this regard, Participant agrees to sign any agreements, forms and/or consents that may be reasonably
requested by Workday (or Workday’s designated broker) to effectuate the sale of the Shares (including, without limitation, with
respect to the transfers of the proceeds and other exchange control matters noted below) and otherwise cooperate with Workday on such
matters, provided Participant will not be permitted to exercise any influence over how, when or whether the sales occur. Participant acknowledges
that E*Trade or such other designated broker as may be selected by Workday is under no obligation to arrange for the sale of the Shares
at any particular price.

 

Alternatively, if Workday, in its discretion,
does not exercise its right to require the immediate sale of Shares issuable upon vesting of the RSUs, as described in the preceding paragraph,
any Shares acquired by Participant under the Plan must be sold no later than six months from the date of Termination, or within any other
such time frame as may be permitted by Workday or required by SAFE. Any Shares acquired by Participant under the Plan that have not been
sold within six months of the date of Termination shall be automatically sold by E*Trade or such other broker as may be selected by Workday
pursuant to this authorization and subject to the terms of the preceding paragraph. Upon the sale of the Shares, Workday agrees to pay
the cash proceeds from the sale (less any applicable Tax-Related Items, brokerage fees and commissions) to Participant in accordance with
applicable exchange control laws and regulations including, but not limited to, the restrictions set forth under the “Exchange Control
Restrictions” section immediately below.

 

Exchange Control Requirements. Any Shares
that Participant acquires at vesting of the RSUs (less amounts required to be withheld to satisfy Tax-Related Items) will be credited
to Participant’s account with E*Trade or such other broker as may be selected by Workday. Participant understands that these Shares
must remain in such account until Participant decides or is required to sell them. Participant understands and agrees that, due to exchange
control laws in China, Participant will be required to immediately repatriate to China any funds received from participating in the Plan
(including cash proceeds from the sale of Shares and any dividends paid on such Shares). Participant further understands that, under exchange
control laws in China, such repatriation of the funds will need to be effected through a special exchange control account established
by Workday, the Employer or another Subsidiary, and Participant hereby consents and agrees that the funds will be transferred to such
special account prior to being delivered to Participant. Participant also understands that Workday will deliver the funds to Participant
as soon as possible, but there may be delays in distributing the funds to Participant due to exchange control requirements in China. The
funds may be paid in U.S. dollars or local currency, at Workday’s discretion. If the funds are paid in U.S. dollars, Participant
understands that Participant may be required to open a U.S. Dollar bank account in China into which the funds can be deposited. If the
funds are converted to local currency, Participant acknowledges that Workday is under no obligation to secure any particular currency
conversion rate, and that it may face delays in converting the funds to local currency. Participant will bear the risk of any currency
conversion rate fluctuation between the date that the Shares are sold (or any other funds are received) and the date of conversion of
the funds to local currency. Participant must comply with any other requirements imposed by Workday in the future in order to facilitate
compliance to the exchange control requirements in China.

 

    19

     

    

 

CZECH REPUBLIC

 

Notifications

 

Exchange Control Information. Upon request
of the Czech National Bank, Participant may be required to file a report in connection with the RSUs and the opening and maintenance of
a foreign account. However, because exchange control regulations change frequently and without notice, Participant should consult with
his or her personal advisor before vesting of the RSUs and before opening any foreign accounts in connection with the RSUs to ensure compliance
with current regulations. Participant is responsible for complying with applicable Czech exchange control laws.

 

DENMARK

 

Terms and Conditions

 

Danish Stock Option Act. Participant acknowledges
that he or she has received the Employer Statement in Danish which sets forth additional information about the RSUs to the extent that
the Danish Stock Option Act, as amended as of 1 January 2019 (the “Act”), applies.

 

Participant understands that the Act only applies
to “employees” as that term is defined in Section 2 of the Act. If Participant is a member of the registered management
of a Subsidiary in Denmark or otherwise does not satisfy the definition of employee, he or she is not subject to the Act and the Employer
Statement will not apply to him or her.

 

Notifications

 

Foreign Asset/Account Reporting Information.
If the Participant establishes an account holding Shares or cash outside Denmark, the Participant must report the account to the Danish
Tax Administration. The form may be obtained from a local bank.

 

FINLAND

 

There are no country-specific provisions.

 

    20

     

    

 

FRANCE

 

Terms and Conditions

 

Language Consent. By accepting the RSUs,
Participant confirms having read and understood the Plan and this Agreement, which were provided in the English language. Participant
accepts the terms of those documents accordingly.

 

Consentement Relatif à la Langue
Utilisée. En acceptant ces Droits sur des Actions Assujetties à des Restrictions [“RSUs”],
le Participant confirme avoir lu et compris le Plan et le présent Contrat d’Attribution qui ont été transmis
en langue anglaise. Le Participant accepte les termes et conditions de ces documents en connaissance de cause.

 

Notifications

 

Exchange Control Information. The value
of any cash or securities imported to or exported from France without the use of a financial institution must be reported to the customs
and excise authorities when the value of such cash or securities is exceeds a certain threshold. Participant should consult with a
personal legal advisor for further details regarding this requirement.

 

Foreign Asset/Account Reporting Information.
If Participant holds securities (including Shares purchased under the Plan) or maintains a foreign bank account, Participant is required
to report these to the French tax authorities when filing Participant’s annual tax return.

 

GERMANY

 

Notifications

 

Exchange Control Information. Cross border
payments in excess of €12,500 must be reported monthly to the Deutsche Bundesbank. Such reporting obligation might arise when
Shares are issued to Participant and when Shares are subsequently sold by Participant. Participant is responsible for complying with
applicable reporting obligations and should consult with a personal legal advisor on this matter.

 

Foreign Asset/Account Reporting Information.
If Participant’s acquisition of Shares under the Plan leads to a so-called qualified participation at any point during the calendar
year, Participant will need to report the acquisition when he or she files his or her tax return for the relevant year. A qualified participation
is attained if (i) the value of the Shares acquired exceeds EUR 150,000 or (ii) in the unlikely event that Participant holds
Shares exceeding 10% of the total capital of Workday. However, if the Shares are listed on a recognized U.S. stock exchange and Participant
owns less than 1% of Workday, this requirement will not apply to him or her. If applicable, Participant will be responsible for obtaining
the appropriate form from a German federal bank and complying with the reporting obligations.

 

GREECE

 

Foreign Asset/Account Reporting Information. If Participant
acquires Shares under the Plan, Participant must report such foreign assets on Participant's tax return.

 

    21

     

    

 

HONG KONG

 

Terms and Conditions

 

Securities Law Information. WARNING:
The grant of the RSUs under the Plan and the Shares subject to the RSUs do not constitute a public offer of securities under Hong Kong
law and are available only to employees of Workday, its Subsidiaries and any Parent. This Agreement and the Plan and any other incidental
communication materials distributed in connection with the Plan (i) have not been prepared in accordance with and are not intended
to constitute a “prospectus” for a public offering of securities under the applicable securities legislation in Hong Kong,
(ii) have not been reviewed by any regulatory authority in Hong Kong, and (iii) are intended only for the personal use of eligible
employees of Workday, its Subsidiaries and any Parent, and may not be distributed to any other person.

 

Participant is advised to exercise caution
in relation to the right to acquire Shares. If Participant is in any doubt about any of the contents of this Agreement, the Plan or any
other incidental communication materials distributed in connection with the Plan, Participant should obtain independent professional advice.

 

Sale of Shares. By accepting the RSUs,
Participant agrees that in the event Shares are issued in respect of the RSUs within six months of the Date of Grant, Participant will
not dispose of any Shares acquired prior to the six-month anniversary of the Date of Grant.

 

INDIA

 

Notifications

 

Exchange Control Information. Participants
resident in India are required to repatriate to India any funds received under the Plan within such period of time prescribed under applicable
Indian exchange control regulations, as may be amended from time to time. Upon repatriation, a foreign inward remittance certificate (“FIRC”)
will be issued by the bank where the foreign currency is deposited. The FIRC should be retained as evidence of the repatriation of funds
in the event the Reserve Bank of India or the Employer requests proof of repatriation. It is Participant’s responsibility to comply
with applicable exchange control laws in India.

 

Foreign Asset/Account Reporting Information.
Indian residents must declare the following items in their annual tax returns: (i) any foreign assets held (including Shares acquired
under the Plan), and (ii) any foreign bank accounts for which the resident has signing authority. It is Participant’s responsibility
to comply with applicable tax laws in India. Participant should consult with a personal tax advisor to ensure proper reporting of foreign
assets and bank accounts.

 

INDONESIA

 

Terms and Conditions

 

Language Consent. By accepting the Award,
Participant (i) confirms having read and understood these documents provided in the English language, (ii) accepts the terms
of these documents accordingly, and (iii) agrees not to challenge the validity of these documents based on Law No. 24 of 2009
on National Flag, Language, Coat of Arms and National Anthem or the implementing Presidential Regulation (when issued).

 

Persetujuan dan Pemberitahuan Bahasa.
Dengan menerima Penghargaan ini, (i) anda mengkonfirmasi bahwa anda telah membaca dan mengerti isi dokumen yang terkait dengan pemberian
Penghargaan ini (yaitu Rencana dan Perjanjian Opsi Saham) yang disediakan untuk anda dalam bahasa Inggris, (ii) anda menerima persyaratan
di dalam dokumen-dokumen tersebut, dan (iii) anda setuju bahwa anda tidak akan mengajukan keberatan atas keberlakuan dari dokumen
ini berdasarkan Undang-Undang No. 24 tahun 2009 tentang Bendera, Bahasa dan Lambang Negara serta Lagu Kebangsaan atau peraturan pelaksana
dari Peraturan Presiden (ketika diterbitkan nantinya).

 

    22

     

    

 

Notifications

 

Exchange Control Information. Foreign exchange
activity is subject to certain reporting requirements. For foreign currency transactions exceeding USD 25,000, the underlying document
of that transaction will have to be submitted to the relevant local bank. If Participant repatriates funds (e.g., proceeds from
the sale of Shares) into Indonesia, the Indonesian bank through which the transaction is made will submit a report of the transaction
to the Bank of Indonesia.

 

For transactions of USD 10,000 or more (or its
equivalent in other currency), a more detailed description of the transaction must be included in the report and Participant may be required
to provide information about the transaction to the bank in order to complete the transaction.

 

Foreign Asset/Account Reporting Information.
Indonesian residents are required to report worldwide assets (including foreign accounts and Shares acquired under the Plan) in their
annual individual income tax return.

 

IRELAND

 

Notifications

 

Director Notification Requirement. If Participant
is a director, shadow director or secretary of an Irish Parent or Subsidiary, Participant must notify the Irish Parent or Subsidiary in
writing upon (a) receiving or disposing of an interest in Workday (e.g., RSUs, Shares, etc.), (b) becoming aware
of the event giving rise to the notification requirement, or (c) becoming a director or secretary if such an interest exists at the
time, in each case if the interest represents more than 1% of Workday’s share capital or voting rights. This notification requirement
also applies with respect to the interests of any spouse or minor children (whose interests will be attributed to the director, shadow
director or secretary).

 

ITALY

 

Terms and Conditions

 

Plan Document Acknowledgement. Participant
acknowledges that by accepting the RSUs, Participant has been given access to the Plan document, has reviewed the Plan and this Agreement
in their entirety and fully understands and accepts all provisions of the Plan and this Agreement. Further, Participant acknowledges that
he or she has read and expressly approves the following sections of the Agreement: Section 1. Terms; Section 2. Settlement;
Section 6. Termination; Section 7. Responsibility for Taxes; Section 8. Nature of Grant; Section 9. No Advice Regarding
Grant; Section 10. Language; Section 12. Imposition of Other Requirements; Section 14. Compliance with Laws and Regulations;
Section 16. Governing Law and Venue; Section 21. Award Subject to Workday Clawback or Recoupment; and Section 22. Acknowledgment;
Consent to Electronic Delivery of All Plan Documents and Disclosures.

 

Notifications

 

Foreign Asset/Account Reporting Information.
Participant understands that if Participant is an Italian resident and at any time during the fiscal year Participant holds foreign financial
assets (including cash and Shares) which may generate income taxable in Italy, Participant is required to report these assets on Participant’s
annual tax return (UNICO Form, RW Schedule) for the year during which the assets are held, or on a special form if no tax return is due.
These reporting obligations will also apply to Italian residents who are the beneficial owners of foreign financial assets, even if Participant
does not directly hold investments abroad or foreign assets.

 

    23

     

    

 

JAPAN

 

Notifications

 

Foreign Asset/Account Reporting Information.
Participant understands that if Participant holds assets outside of Japan (e.g., Shares acquired under the Plan) with a total net
fair market value exceeding ¥50,000,000 (or an equivalent amount in foreign currency) as of December 31 each year, Participant
is required to report the details of such assets to the Japanese tax authorities by March 15th of the following year. Participant
acknowledges that he or she should consult with Participant’s personal tax advisor to determine Participant’s personal reporting
obligations.

 

LATVIA

 

There are no country-specific provisions.

 

MALAYSIA

 

Terms and Conditions

 

Data Privacy. The following provision
replaces Part 2 of Appendix A.

 

Participant hereby explicitly and unambiguously
consents to the collection, use and transfer, in electronic or other form, of Participant’s personal data as described in this Agreement
and any other RSU grant materials by and among, as applicable, Workday, the Employer and any other Parent or Subsidiary for the exclusive
purpose of implementing, administering and managing Participant’s participation in the Plan.

 

Participant understands that Workday, the
Employer and any other Parent or Subsidiary may hold certain personal information about Participant, including, but not limited to, Participant’s
name, home address, email address and telephone number, date of birth, social insurance, passport or other identification number (e.g.,
resident registration number), salary, nationality, job title, any shares of stock or directorships held in Workday, details of all RSUs
or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in Participant’s favor
(“Data”), for the exclusive purpose of implementing, administering and managing the Plan. The source of the Data is the Employer,
as well as information which Participant is providing to Workday and the Employer in connection with the Plan and this Agreement.

 

Participant authorizes that Data will be
transferred to E*Trade or such other stock plan service provider as may be selected by Workday in the future, which is assisting Workday
with the implementation, administration and management of the Plan. Participant further authorizes that Workday, the Employer and any
other Parent or Subsidiary will transfer Data among themselves as necessary for the purpose of the implementation, administration and
management of Participant’s participation in the Plan, and that Workday, the Employer and any other Parent or Subsidiary may each
further transfer Data to third parties assisting Workday in the implementation, administration and management of the Plan, including any
requisite transfer to a broker or another third party with whom Participant may elect to deposit any Shares acquired under the Plan. Participant
acknowledges that the recipients of the Data may be located in the United States or elsewhere, and that the recipients’ country
may have different data privacy laws and protections than Participant’s country. Participant understands that if he or she resides
outside the United States, he or she may request a list with the names and addresses of any potential recipients of the Data by contacting
his or her local human resources representative, whose email is cynthia.chan@workday.com. Participant authorizes Workday, E*Trade and
any other possible recipients which may assist Workday (presently or in the future) with implementing, administering and managing the
Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering
and managing his or her participation in the Plan, including any requisite transfer of such Data to a third party with whom the Participant
may elect to deposit any Shares acquired upon vesting of the RSUs.

 

    24

     

    

 

Participant authorizes that Data will be
held only as long as is necessary to implement, administer and manage Participant’s participation in the Plan. Participant understands
if he or she resides outside the United States, 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, in any case without cost,
by contacting in writing his or her local human resources representative. Further, Participant understands that he or she is providing
the consents herein on a purely voluntary basis. If Participant does not consent, or if Participant later seeks to revoke his or her consent,
his or her employment status or service and career with the Employer will not be affected; the only consequence of refusing or withdrawing
Participant’s consent is that Workday would not be able to grant Participant RSUs or other equity awards or administer or maintain
such awards. Therefore, Participant understands that refusing or withdrawing his or her consent may affect Participant’s ability
to participate in the Plan. For more information on the consequences of Participant’s refusal to consent or withdrawal of consent,
Participant understands that he or she may contact his or her local human resources representative at cynthia.chan@workday.com.

 

Malaysian Translation

 

Peserta dengan ini secara eksplisit dan
tanpa sebarang keraguan mengizinkan pengumpulan, penggunaan dan pemindahan, dalam bentuk elektronik atau lain-lain, data peribadi Peserta
seperti yang diterangkan dalam Perjanjian dan sebarang bahan geran RSU lain oleh dan di antara, seperti mana yang terpakai, Workday, Majikan
dan mana-mana Syarikat Induk atau Anak-Anak Syarikatnya untuk tujuan ekslusif bagi melaksanakan, mentadbir dan menguruskan penyertaan
Peserta dalam Pelan tersebut.

 

Peserta memahami bahawa Workday, Majikan
dan mana-mana Syarikat Induk atau Anak-Anak Syarikat mungkin memegang maklumat peribadi tertentu tentang Peserta, termasuk, tetapi tidak
terhad kepada, nama Peserta, alamat rumah dan nombor telefon, alamat emel, tarikh lahir,insurans sosial, nombor passport atau nombor pengenalan
lain (seperti, nombor pendaftaran penduduk tetap atau nombor kad pengenalan), gaji, kewarganegaraan, jawatan, apa-apa syer dalam saham
atau jawatan sebagai pengarah yang dipegang di Workday, butir-butir semua RSUs atau apa-apa hak lain atas syer dalam saham yang dianugerahkan,
dibatalkan, dilaksanakan, terletak hak, tidak diletak hak ataupun yang belum dijelaskan bagi faedah Peserta (“Data”), untuk
tujuan eksklusif bagi melaksanakan, mentadbir dan menguruskan Pelan tersebut. Sumber Data adalah daripada Majikan, dan juga maklumat yang
Peserta berikan kepada Workday dan Majikan berhubung dengan Pelan tersebut dan Perjanjian ini.

 

Peserta memberi kuasa bahawa Data ini akan
dipindahkan kepada E*Trade atau pembekal perkhidmatan pelan saham yang ditetapkan oleh Workday pada masa depan yang membantu Workday dengan
pelaksanaan, pentadbiran dan pengurusan Pelan tersebut. Peserta juga memberi kuasa bahawa Workday, Majikan dan Syarikat Induk atau Anak-Anak
Syarikat lain akan memindahkan Data sesama mereka seperti diperlukan untuk tujuan melaksanakan, mentadbir dan menguruskan penyertaan Peserta
dalam Pelan tersebut, dan Workday, Majikan dan Syarikat Induk atau Anak-Anak Syarikat yang lain masing-masing boleh memindahkan Data kepada
pihak-pihak ketiga yang membantu Workday dalam pelaksanaan, pentadbiran dan pegurusan Pelan tersebut, termasuk pemindahan yang diperlukan
kepada broker atau pihak ketiga yang lain yang mana Peserta boleh memilih untuk mendepositkan Syer-Syer yang diperolehi daripada Pelan
tersebut. Peserta mengakui bahawa penerima-penerima Data mungkin berada di Amerika Syarikat atau di tempat lain dan bahawa negara penerima-penerima
mungkin mempunyai undang-undang privasi data dan perlindungan yang berbeza daripada negara Peserta. Peserta memahami bahawa sekiranya
Peserta menetap di luar Amerika Syarikat, Peserta boleh meminta satu senarai yang mengandungi nama dan alamat penerima-penerima Data yang
berpotensi dengan menghubungi wakil sumber manusia tempatan Peserta, cynthia.chan@workday.com. Peserta memberi kuasa kepada Workday, E*Trade
dan mana-mana penerima-penerima lain yang mungkin membantu Workday (pada masa sekarang atau pada masa depan) untuk melaksanakan, mentadbir
dan menguruskan Pelan bagi menerima, memiliki, menggunakan, menyimpan dan memindahkan Data, dalam bentuk elektronik atau lain-lain, semata-mata
dengan tujuan untuk melaksanakan, mentadbir dan menguruskan penyertaan Peserta dalam Pelan tersebut, termasuk apa-apa pemindahan Data
yang diperlukan kepada pihak ketiga yang lain dengan sesiapa yang Peserta pilih untuk deposit apa-apa Saham yang diperolehi selepas terletak
hak RSUs.

 

    25

     

    

 

Peserta memberi kuasa bahawa Data hanya
akan disimpan untuk sepanjang tempoh yang diperlukan bagi melaksanakan, mentadbir, dan menguruskan penyertaan Peserta dalam Pelan tersebut.
Peserta memahami bahawa sekiranya Peserta menetap di luar Amerika Syarikat, Peserta boleh, pada bila-bila masa, melihat Data, meminta
maklumat tambahan mengenai penyimpanan dan pemprosesan Data, meminta bahawa pindaan-pindaan dilaksanakan ke atas Data atau menolak atau
menarik balik persetujuan terkandung di sini, dalam mana-mana kes, tanpa kos, dengan menghubungi secara bertulis wakil sumber manusia
tempatan Peserta. Peserta selanjutnya memahami bahawa Peserta memberi persetujuan ini secara sukarela. Sekiranya Peserta tidak bersetuju,
atau kemudian membatalkan persetujuannya, status pekerjaan atau perkhidmatan Peserta dengan Majikan tidak akan terjejas; satu-satunya
akibat jika Peserta tidak bersetuju atau menarik balik persetujuan Peserta adalah bahawa Workday tidak akan dapat menganugerahkan kepada
Peserta RSUs atau anugerah ekuiti lain atau mentadbir atau mengekalkan anugerah tersebut. Oleh itu, Peserta memahami bahawa keengganan
atau penarikan balik persetujuan Peserta boleh menjejaskan keupayaannya untuk mengambil bahagian dalam Pelan tersebut. Untuk maklumat
lanjut mengenai akibat keengganan Peserta untuk memberikan keizinan atau penarikan balik keizinan, Peserta memahami bahawa Peserta boleh
menghubungi wakil sumber manusia tempatan Peserta, cynthia.chan@workday.com.

 

Notifications

 

Director Notification Obligation. Directors
of Workday’s Malaysian Subsidiary are subject to certain notification requirements under the Malaysian Companies Act. Among these
requirements is an obligation to notify such entity in writing within 14 business days of the acquisition or disposal of an interest (e.g.,
RSUs granted under the Plan or Shares) in Workday or any related company.

 

MEXICO

 

Terms and Conditions

 

Plan Document Acknowledgement. By accepting
the RSUs, Participant acknowledges that he or she has received a copy of the Plan and the Agreement, which Participant has reviewed. Participant
acknowledges further that he or she accepts all the provisions of the Plan and the Agreement. Participant also acknowledges that he or
she has read and specifically and expressly approves the terms and conditions set forth in Section 8 (“Nature of Grant”)
in the Agreement, which clearly provides as follows:

 

(1) Participant’s
participation in the Plan does not constitute an acquired right;

 

    26

     

    

 

(2) The Plan
and Participant’s participation in the Plan are offered by Workday on a wholly discretionary basis;

 

(3) Participant’s
participation in the Plan is voluntary; and

 

(4) Workday
and its Subsidiaries are not responsible for any decrease in the value of any Shares acquired at vesting and settlement of the RSUs.

 

Labor Law Policy and Acknowledgment. By
accepting the RSUs, Participant expressly recognizes that Workday, with registered offices at 6110 Stoneridge Mall Road, Pleasanton, California
U.S.A., is solely responsible for the administration of the Plan, and that Participant’s participation in the Plan and acquisition
of Shares do not constitute an employment relationship between Participant and Workday since Participant is participating in the Plan
on a wholly commercial basis and the Workday Mexico S. de R.L. de C.V. (“Workday Mexico”) is his or her sole
employer. Based on the foregoing, Participant expressly recognizes that the Plan and the benefits that he or she may derive from participating
in the Plan do not establish any rights between Participant and Workday Mexico and do not form part of the employment conditions and/or
benefits provided by Workday Mexico, and any modification of the Plan or its termination shall not constitute a change or impairment of
the terms and conditions of Participant’s employment.

 

Participant further understands that his or her
participation in the Plan is as a result of a unilateral and discretionary decision of Workday; therefore, Workday reserves the absolute
right to amend and/or discontinue Participant’s participation at any time without any liability to Participant.

 

Finally, Participant hereby declares that he or
she does not reserve to him- or herself any action or right to bring any claim against Workday for any compensation or damages regarding
any provision of the Plan or the benefits derived under the Plan, and Participant therefore grants a full and broad release to Workday,
and its Subsidiaries, affiliates, branches, representative offices, shareholders, directors, officers, employees, agents, or legal representatives
with respect to any claim that may arise.

 

Spanish Translation

 

Términos y Condiciones

 

Reconocimiento del Plan. Al aceptar
las Unidades, el Participante reconoce que ha recibido y revisado una copia del Plan y del Acuerdo. El Participante reconoce, además,
que acepta todas las disposiciones del Plan y del Acuerdo. El Participante también reconoce que ha leído y que concretamente
aprueba de forma expresa los términos y condiciones establecidos en la Sección 8 (“Naturaleza del Otorgamiento”)
del Acuerdo de Acciones Restringidas, que claramente dispone lo siguiente:

 

(1) La
participación del Participante en el Plan no constituye un derecho adquirido;

 

(2) El
Plan y la participación del Participante en el Plan se ofrecen por Workday en su discrecionalidad total;

 

(3) La
participación del Participante en el Plan es voluntaria; y

 

(4) Workday
y sus Subsidiarias no son responsables por ninguna disminución en el valor de las acciones adquiridas al conferir las Unidades
de Acciones Restringidas.

 

    27

     

    

 

Política Laboral y Reconocimiento.
Al aceptar las Unidades de Acciones Restringidas, el Participante expresamente reconoce que Workday, con oficinas registradas en Workday, Inc.,
6110 Stoneridge Mall Road, Pleasanton, California U.S.A., es la única responsable por la administración del Plan y que la
participación del Participante en el Plan y la adquisición de Acciones no constituyen una relación de trabajo entre
el Participante y Workday, ya que el Participante participa en el Plan en un marco totalmente comercial y Workday Mexico S. de R.L. de
C.V. (“Workday Mexico”) es su único patrón. Derivado de lo anterior, el Participante expresamente reconoce
que el Plan y los beneficios que pudieran derivar de la participación en el Plan no establecen derecho alguno entre el Participante
y el patrón, Workday Mexico, y no forma parte de las condiciones de trabajo y/o las prestaciones otorgadas por Workday Mexico,
y que cualquier modificación al Plan o su terminación no constituye un cambio o impedimento de los términos y condiciones
de la relación de trabajo del Participante.

 

Asimismo, el Participante reconoce que su participación
en el Plan es resultado de una decisión unilateral y discrecional de Workday; por lo tanto, Workday se reserva el derecho absoluto
de modificar y/o terminar la participación del Participante en cualquier momento y sin responsabilidad alguna hacia el Participante.

 

Finalmente, el Participante por este medio
declara que no se reserva ningun derecho o acción que ejercitar en contra de Workday por cualquier compensación o daños
y perjuicios en relación de las disposiciones del Plan o de los beneficios derivados del Plan, y por lo tanto, el Participante
exime amplia y completamente a Workday, y sus afiliadas, subsidiarias, sucursales, oficinas de representación, accionistas, directores,
autoridades, empleados, agentes, o representantes legales de cualquier demanda que pudiera surgir.

 

Notifications

 

Securities Law Information. The RSUs granted
and any Shares acquired under the Plan have not been registered with the National Register of Securities maintained by the Mexican National
Banking and Securities Commission and cannot be offered or sold publicly in Mexico. In addition, the Plan, this Agreement, and any other
document relating to the RSUs may not be publicly distributed in Mexico. These materials are addressed to Participant because of his or
her existing relationship with Workday and/or any Parent or Subsidiary or Affiliate, and these materials should not be reproduced or copied
in any form. The offer contained in these materials does not constitute a public offering of securities, but rather constitutes a private
placement of securities addressed specifically to individuals who are present Employees of the Employer made in accordance with the provisions
of the Mexican Securities Market Law, and any rights under such offering shall not be assigned or transferred.

 

NETHERLANDS

 

There are no country-specific provisions.

 

NEW ZEALAND

 

Notifications

 

Securities Law Information. WARNING:
Participant is being granted RSUs which allow Participant to acquire Shares in accordance with the terms of this Agreement and the Plan.
The Shares, if issued, will give Participant a stake in the ownership of Workday. Participant may receive a return if dividends are paid.

 

If Workday runs into financial difficulties and
is wound up, Participant will be paid only after all other creditors (including holders of preference shares, if any) have been paid.
Participant may lose some or all of Participant’s investment, if any.

 

    28

     

    

 

New Zealand law normally requires people who offer
financial products to give information to investors before they invest. This information is designed to help investors to make an informed
decision. The usual rules do not apply to this offer because it is made under an employee share purchase scheme. As a result, Participant
may not be given all the information usually required. Participant will also have fewer other legal protections for this investment.

 

The Shares are quoted on the Nasdaq Global Select
Market ("Nasdaq"). This means that if Participant acquires Shares, Participant may be able to sell the Shares
on the Nasdaq if there are interested buyers. Participant may get less than he or she invested. The price will depend on the demand for
the Shares.

 

For a copy of Workday’s most recent financial
statements (and, where applicable, a copy of the auditor’s report on those financial statements), as well as information on risk
factors impacting Workday’s business that may affect the value of the Shares, Participant should refer to the risk factors discussion
in Workday’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are filed with the U.S. Securities
and Exchange Commission and are available online at www.sec.gov, as well as on Workday’s website at http://www.workday.com/en-us/company/investor-relations/sec-filings.html.

 

Participant should ask questions, read all documents
carefully, and seek independent financial advice before participating in the Plan.

 

NORWAY

 

Notifications

 

Foreign Asset/Account Reporting Information.
If Shares are acquired under the Plan, Participant may be subject to foreign asset reporting as part of the ordinary tax return. Norwegian
banks, financial institutions, limited companies, etc. must report certain information to the Tax Administration. Such information
may then be pre-populated in Participant's tax return. However, if Participant has traded, or own, financial instruments (e.g., Shares),
Participant must enter this information in Form RF-1159, which is an appendix to the tax return.

 

POLAND

 

Notifications

 

Exchange Control Information. Polish residents
holding foreign securities (including Shares) and maintaining accounts abroad (including any brokerage account) must report information
to the National Bank of Poland on transactions and balances of the securities and cash deposited in such accounts if the value of such
securities and cash (calculated individually or together with all other assets/liabilities held abroad) exceeds a specified threshold
(currently PLN7,000,000). If required, the reports are due on a quarterly basis on special forms available on the website of the National
Bank of Poland.

 

In addition, any transfer of funds in excess of
a specified threshold (currently €15,000, but if such transfer is connected with business activity of an entrepreneur, PLN15,000)
must be effected through a bank account in Poland. Participant should maintain evidence of such foreign exchange transactions for five
years, in case of a request for their production by the National Bank of Poland.

 

    29

     

    

 

SINGAPORE

 

Notifications

 

Securities Law Information. The grant of
RSUs under the Plan is being made pursuant to the “Qualifying Person” exemption under section 273(1)(i) of the Securities
and Futures Act (Cap. 289, Rev Ed 2006) ("SFA"). The Plan has not been, and will not be, lodged or registered
as a prospectus with the Monetary Authority of Singapore. The RSUs are subject to section 257 of the SFA and Participant should not make
any subsequent sale of Shares in Singapore or any offer of such subsequent sale of Shares in Singapore, unless such sale or offer is made
(a) more than six (6) months after the Date of Grant, (b) pursuant to the exemptions under Part XIII Division 1 Subdivision
(4) (other than section 280) of the SFA, or (c) pursuant to, and in accordance with the conditions of, any other applicable
provisions of the SFA. Workday’s common stock is currently traded on the Nasdaq Global Select Market in the U.S. under the ticker
symbol “WDAY” and any Shares acquired pursuant to the RSUs may be sold on this exchange.

 

Director Notification Obligation. The directors
(including associate directors and shadow directors) of a Singapore Parent, Subsidiary or Affiliate are subject to certain notification
requirements under the Singapore Companies Act. Among these requirements is an obligation to notify such entity in writing within two
business days of any of the following events: (a) the acquisition or disposal of an interest (e.g., RSUs granted under the
Plan or Shares) in Workday or any Parent, Subsidiary or Affiliate, (b) any change in previously-disclosed interests (e.g.,
sale of Shares), or (c) becoming a director, associate director or shadow director of a Parent, Subsidiary or Affiliate in Singapore,
if the individual holds such an interest at that time. These notification requirements apply regardless of whether the directors are residents
of or employed in Singapore.

 

SOUTH AFRICA

 

Terms and Conditions

 

Responsibility for Taxes. The following
provision supplements Section 7 of the Agreement:

 

By accepting the RSUs, Participant agrees to immediately
notify the Employer of the amount of any gain realized upon vesting of the RSUs. If Participant fails to advise the Employer of the gain
realized upon vesting of the RSUs, then he or she may be liable for a fine. Participant will be solely responsible for paying the difference
between the actual tax liability and the amount withheld by Workday or the Employer.

 

Notifications

 

Securities Law Information. In compliance
with South African securities law, the documents listed below are available for Participant’s review on Workday’s website
at https://www.workday.com/en-us/company/investor-relations.html and on Workday’s intranet, respectively:

 

		1.	Workday’s most recent annual financial statements; and

 

		2.	Workday’s most recent Plan prospectus.

 

A copy of the above documents will be sent to
Participant free of charge on written request to Workday’s Global Stock Administration by logging a People Guide Request in Service
Hub.

 

Participant should carefully read the materials
provided before making a decision whether to participate in the Plan.

 

Exchange Control Information. Participant
is solely responsible for complying with applicable South African exchange control regulations. As the exchange control regulations are
subject to change, Participant should consult Participant’s legal advisor prior to the acquisition or sale of Shares acquired under
the Plan to ensure compliance with current regulations.

 

    30

     

    

 

SOUTH KOREA

 

Notifications

 

Foreign Asset/Account Reporting Information.
Korean residents must declare all foreign financial accounts (i.e., non-Korean bank accounts, brokerage accounts, etc.) to
the Korean tax authority and file a report with respect to such accounts if the monthly balance of such accounts exceeds KRW 500 million
(or an equivalent amount in foreign currency) on any month-end date during a calendar year.

 

SPAIN

 

Terms and Conditions

 

Nature of Grant. This provision supplements
Section 8 of the Agreement:

 

By accepting the RSUs, Participant consents to
participating in the Plan and acknowledges that he or she has received a copy of the Plan.

 

Participant understands that Workday has unilaterally,
gratuitously and discretionally decided to grant RSUs to acquire Shares under the Plan to individuals who may be Employees, Consultants,
Directors or Non-Employee Directors of Workday or any Parent or Subsidiary throughout the world. The decision is a limited decision that
is entered into upon the express assumption and condition that any grant will not economically or otherwise bind Workday or any Parent
or Subsidiary. Consequently, Participant understands that the RSUs are granted on the assumption and condition that the RSUs and any Shares
acquired at vesting of the RSUs are not part of any employment or service agreement (either with Workday or any Parent or Subsidiary)
and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever.

 

In addition, Participant understands that the
RSUs would not be granted to Participant but for the assumptions and conditions referred to herein; thus, Participant acknowledges and
freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any
grant of or right to RSUs shall be null and void.

 

Further, Participant acknowledges, understands
and agrees that Participant will not be entitled to continue vesting in any RSUs once Participant’s employment or service Terminates.
This will be the case, for example, even in the event of a Termination of a Participant by reason of, including, but not limited to: resignation,
retirement, disciplinary dismissal adjudged to be with cause or adjudged/recognized to be without good cause (i.e., subject to
a “despido improcedente”), individual or collective dismissal on objective grounds, whether adjudged and/or recognized
to be with or without cause, material modification of the terms of employment or service under Article 41 of the Workers’ Statute,
relocation under Article 40 of the Workers’ Statue, Article 50 of the Workers’ Statue, unilateral withdrawal by
the Employer, and under Article 10.3 of Royal Decree 1382/1985.

 

Notifications

 

Securities Law Information. The RSUs do
not qualify under Spanish law as securities. No “offer to the public,” as defined under Spanish Law, has taken place or will
take place in the Spanish territory. The Plan, this Agreement and any other RSU grant documents have not been nor will they be registered
with the Comisión Nacional del Mercado de Valores (Spanish Securities Exchange Commission), and do not constitute a public
offering prospectus.

 

    31

     

    

 

Exchange Control Information. Participant
must declare the acquisition, ownership and sale of Shares to the Spanish Dirección General de Comercio e Inversiones (the
 “DGCI”), the Bureau for Commerce and Investments, which is a department of the Ministry of Industry, Trade and
Tourism, for statistical purposes. Generally, the declaration must be filed in January for Shares owned as of December 31 of
the prior year on a Form D-6; however, if the value of the Shares purchased under the Plan or sold exceeds €1,502,530, the declaration
must be filed within one month of the acquisition or sale, as applicable.

 

Further, Participant is required to declare electronically
to the Bank of Spain any securities accounts (including brokerage accounts held abroad), any foreign instruments (e.g., Shares)
and any transactions with non-Spanish residents (including any payments of cash or Shares made to Participant by Workday or any U.S. brokerage
account) if the balances in such accounts together with the value of such instruments as of December 31, or the volume of transactions
with non-Spanish residents during the prior or current year, exceeds €1,000,000.

 

Foreign Asset/Account Reporting Information.
To the extent Participant holds assets (e.g., cash or Shares held in a bank or brokerage account) outside Spain with a value in
excess of €50,000 per type of asset (e.g., cash or Shares) as of December 31 each year, Participant is required to report
information on such rights and assets on his or her tax return for such year. After such rights or assets are initially reported, the
reporting obligation will only apply for subsequent years if the value of any previously-reported rights or assets increases by more than
 €20,000. The reporting must be completed by March 31 following the end of the relevant tax year.

 

SWEDEN

 

Terms and Conditions

 

Authorization to Withhold. This provision
supplements Section 7 of the Agreement.

 

Without limiting Workday’s and the Employer’s
authority to satisfy their withholding obligations for Tax-Related Items as set forth in Section 7 of the Agreement, in accepting
the grant of RSUs, Participant authorizes Workday and/or the Employer to withhold Shares or to sell Shares otherwise deliverable to Participant
upon vesting/settlement to satisfy Tax-Related Items, regardless of whether Workday and/or the Employer have an obligation to withhold
such Tax-Related Items.

 

SWITZERLAND

 

Notifications

 

Securities Law Information. Neither this
document nor any materials relating to the Shares (a) constitutes a prospectus according to articles 35 et seq. of the Swiss Federal
Act on Financial Services (“FinSA”), (b) may be publicly distributed or otherwise made publicly available in Switzerland
to any person other than an employee of Workday or one of its Parents, Subsidiaries or Affiliates, and (c) has been or will be filed
with, approved or supervised by any Swiss reviewing body according to Article 51 of FinSA or any Swiss regulatory authority (in particular,
the Swiss Financial Supervisory Authority (FINMA)).

 

Foreign Asset/Account Reporting Information.
Participant is required to declare all foreign bank and brokerage accounts in which cash or securities are held, including the accounts
that were opened and/or closed during the tax year, as well as any other assets, on an annual basis on the tax return (Wertschriftenverzeichnis).

 

    32

     

    

 

TAIWAN

 

Notifications

 

Securities Law Information. The offer of
participation in the Plan is available only to eligible Employees. The offer of participation in the Plan is not a public offer of securities
by a Taiwanese company. Therefore, it is exempt from registration in Taiwan.

 

Exchange Control Information. Taiwanese
residents may acquire and remit foreign currency in relation to the Plan into Taiwan through an authorized foreign exchange bank in an
amount of up to USD 5 million per year. If the transaction amount is TWD 500,000 or more in a single transaction, a foreign exchange transaction
form and other supporting documentation may need to be submitted to the remitting bank.

 

THAILAND

 

Notifications

 

Exchange Control Information. Unless Participant
can rely on any applicable exemptions, he or she must repatriate any funds received from participating in the Plan (such as proceeds from
the sale of Shares and cash dividends received in relation to the Shares) to Thailand immediately upon receipt if the amount of funds
received in a single transaction is US$1,000,000 or more. Participant must then either convert the funds to Thai Baht or deposit the funds
in a foreign currency deposit account maintained by a bank in Thailand within 360 days of remitting the funds to Thailand. In addition,
the details of the foreign currency transaction, including Participant’s identification information and the purpose of the transaction,
must be provided to the authorized agent.

 

If Participant does not comply with this obligation,
Participant may be subject to penalties assessed by the Bank of Thailand. Because exchange control regulations change frequently and without
notice, Participant should consult a legal advisor before selling Shares to ensure compliance with current regulations. It is Participant’s
responsibility to comply with exchange control laws in Thailand, and neither Workday nor the Employer will be liable for any fines or
penalties resulting from Participant’s failure to comply with applicable laws.

 

UNITED KINGDOM

 

Terms and Conditions

 

Responsibility for Taxes. This provision
supplements Section 7 of the Agreement:

 

Without limitation to Section 7 of the Agreement,
Participant agrees that Participant is liable for all Tax-Related Items and hereby covenants to pay all such Tax-Related Items, as and
when requested by Workday or the Employer or by Her Majesty’s Revenue and Customs (“HMRC”) (or any other
tax authority or any other relevant authority). Participant also agrees to indemnify and keep indemnified Workday and the Employer against
any Tax-Related Items that they are required to pay or withhold or have paid or will pay to HMRC (or any other tax authority or any other
relevant authority) on Participant’s behalf.

 

Notwithstanding the foregoing, if Participant
is a director or executive officer of Workday (within the meaning of Section 13(k) of the Exchange Act), the terms of the immediately
foregoing provision will not apply. In the event that Participant is a director or executive officer and income tax is not collected from
or paid by Participant within ninety (90) days of the end of the U.K. tax year in which an event giving rise to the indemnification described
above occurs, the amount of any uncollected income tax may constitute a benefit to Participant on which additional income tax and national
insurance contributions (“NICs”) may be payable. Participant understands
that Participant will be responsible for reporting any income tax due on this additional benefit directly to HMRC under the self-assessment
regime and for paying Workday or the Employer (as applicable) for the value of any employee NICs due on this additional benefit, which
Workday or the Employer may obtain from Participant by any of the means referred to in the Plan or Section 7 of the Agreement.

 

    33

     

    

 

 

WORKDAY, INC.

2022 EQUITY INCENTIVE PLAN

GLOBAL NOTICE OF STOCK OPTION GRANT1

 

Unless otherwise defined herein, the terms defined
in the Workday, Inc. 2022 Equity Incentive Plan (the “Plan”) will have the same meanings in this Global
Notice of Stock Option Grant and the electronic representation of this Global Notice of Global Stock Option Grant established and maintained
by Workday, Inc. (“Workday”) or a third party designated by Workday (the “Notice”).

 

Name:

 

Address:

 

You (“Participant”)
have been granted an option to purchase shares of Common Stock of Workday under the Plan subject to the terms and conditions of the Plan,
this Notice and the Stock Option Award Agreement (the “Option Agreement”), including any applicable jurisdiction-specific
provisions in the appendices attached hereto (the “Appendices”) which constitute part of this Option Agreement.

 

	Grant Number:	 
	 	 
	Date of Grant:	 
	 	 
	Vesting Commencement Date:	 
	 	 
	Exercise Price per Share:	 
	 	 
	Total Number of Shares:	 
	 	 
	Type of Option:	Non-Qualified Stock Option/Incentive Stock Option
	 	 
	Expiration Date:	________ __, 20__; This Option expires earlier in the event of Participant’s Termination, as described in the Option Agreement.
	 	 
	Vesting Schedule:	[Insert applicable vesting schedule, which may be based on service/and or performance metrics]

 

By accepting (whether in writing, electronically or otherwise) the
Option, Participant acknowledges and agrees to the following:

 

		1)	Participant understands that Participant’s service with Workday or a Parent or Subsidiary or Affiliate
is for an unspecified duration, can be terminated at any time (i.e., is at will), subject to applicable law and/or employment or
service agreement, and that nothing in this Notice, the Option Agreement or the Plan changes the nature of that relationship. Participant
acknowledges that the vesting of the Options pursuant to this Notice is subject to Participant’s continuing service as an Employee,
Director or Consultant. If Participant’s service is Terminated for any reason (regardless of whether the termination is in breach
of employment laws in the jurisdiction where Participant is employed or is later found to be invalid), such Termination will be considered
effective on the date Participant ceases to provide services to Workday or one of its Parents, Subsidiaries or Affiliates and, unless
explicitly required by applicable legislation or determined by Workday, or in the case of Insiders, the Committee, Participant's period
of service for purposes of the Option will not be extended by any notice period or garden leave mandated under employment laws in the
jurisdiction where Participant is employed or the terms of Participant’s employment agreement. Unless otherwise expressly provided
in the Plan or the Agreement or determined by the Committee, Participant’s right to vest in the Option under the Plan, if any, will
terminate as of such date. To the extent permitted by applicable law, Participant agrees and acknowledges that the Vesting Schedule may
change prospectively in the event that Participant’s service status changes between full- and part-time and/or in the event Participant
is on a leave of absence, in accordance with Workday policies relating to work schedules and vesting of Awards or as determined by the
Committee.

 

 

1 The specific information provided in this Notice may
be delivered in electronic form.

 

    34

     

    

 

		2)	Participant has read Workday’s Insider Trading Policy, and agrees to comply with such policy, as
it may be amended from time to time, whenever Participant acquires, disposes of, or otherwise transacts in Workday’s securities.

 

		3)	Participant also understands that this Notice is subject to the terms and conditions of both the Option
Agreement and the Plan, both of which are incorporated herein by reference. Participant has read both the Option Agreement and the Plan.

 

		4)	By accepting this Option, Participant consents to electronic delivery and participation as set forth in
the Option Agreement.

 

If you wish to decline your Option,
you should promptly notify our Stock Plan Administrator at stock.admin@workday.com. If you do not provide such notification within thirty
(30) days after the Date of Grant, you will be deemed to have accepted your Options on the terms and conditions set forth herein.

 

    35

     

    

 

WORKDAY, INC.

2022 EQUITY INCENTIVE PLAN

GLOBAL STOCK OPTION AWARD AGREEMENT

 

Unless otherwise defined in this Global Stock
Option Award Agreement (the “Option Agreement”), any capitalized terms used herein will have the meaning ascribed
to them in the Workday, Inc. 2022 Equity Incentive Plan (the “Plan”).

 

Participant has been granted an option to purchase
Shares (the “Option”) of Workday, Inc. (“Workday”), subject to the terms and
conditions of the Plan, the Global Notice of Stock Option Grant (the “Notice”) and this Option Agreement, including
any applicable jurisdiction-specific provisions in the appendices attached hereto (the “Appendices”) which constitute
part of this Option Agreement.

 

1. Vesting Rights.
Subject to the applicable provisions of the Plan and this Option Agreement, this Option may be exercised, in whole or in part, in accordance
with the schedule set forth in the Notice.

 

2. Termination Period.

 

(a) General
Rule. Except as provided below, and subject to the Plan, the portion of the Option that is vested and exercisable as of Participant’s
Termination Date may be exercised for three (3) months after Participant’s Termination Date, and this Option will expire on
the date three (3) months after Participant’s Termination Date, provided that in no event will this Option be exercised later
than the Expiration Date set forth in the Notice. Workday, or in the case of Insiders, the Committee will have sole discretion to determine
whether a Participant has ceased to provide services for purposes of the Plan and the effective date on which the Participant ceased to
provide services (the “Termination Date”), as provided in the Plan. For purposes of the Option, the Termination
Date will be the date Participant ceases to provide services to Workday or one of its Parents, Subsidiaries or Affiliates and, unless
explicitly required by applicable legislation or determined by Workday, or in the case of Insiders, the Committee, Participant's period
of service for purposes of the Option will not be extended by any notice period or garden leave mandated under employment laws in the
jurisdiction where Participant is employed or the terms of Participant’s employment agreement. Participant’s right to exercise
the Option after Termination of service, if any, will be measured from the Termination Date. Unless otherwise provided in this Option
Agreement or determined by the Company, Participant’s right to vest in the Option, if any, will terminate as of the Termination
Date and Participant’s right to exercise the Option after termination of service, if any, will be measured from the Termination
Date.

 

(b) Death;
Disability. Unless provided otherwise in the Notice, upon Participant’s Termination by reason of his or her death or “permanent
and total disability” as described in the Plan, or if a Participant dies within three (3) months of the Termination Date, the
portion of the Option that is vested and exercisable on the Termination Date may be exercised for twelve (12) months after the Termination
Date and this Option will expire on the date twelve (12) months after the Termination Date, provided that in no event will this Option
be exercised later than the Expiration Date set forth in the Notice. Unless provided otherwise in the Notice, upon Participant’s
Termination by reason of his or her Disability (other than a “permanent and total disability”), the portion of the Option
that is vested and exercisable as of the Termination Date may be exercised for six (6) months after the Termination Date and this
Option will expire on the date six (6) months after the Termination Date, provided that in no event will this Option be exercised
later than the Expiration Date set forth in the Notice.

 

    36

     

    

 

(c) Cause.
Unless otherwise determined by the Committee, if the Participant is Terminated for Cause (as defined in the Plan, unless otherwise provided
in an employment agreement or other applicable agreement) or if the Participant’s service is Terminated and following such Termination
the Committee has reasonably determined in good faith that such Participant could have been Terminated for Cause (without regard to the
lapsing of any required notice or cure periods in connection therewith) at the Termination Date), then the Participant’s Option
(whether vested or unvested) will expire on such Termination Date, or at such later or earlier time and on such conditions as are determined
by the Committee.

 

(d) No
Notification of Exercise Periods. Participant is responsible for keeping track of the applicable exercise periods following Participant’s
Termination for any reason. Workday is not obligated to provide further notice of such periods. In no event shall this Option be exercised
later than the Expiration Date set forth in the Notice.

 

3. Grant of Option.
The Participant named in the Notice has been granted an Option for the number of Shares set forth in the Notice at the exercise price
per Share in U.S. Dollars set forth in the Notice (the “Exercise Price”). In the event of a conflict between
the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the terms and conditions of the Plan will
prevail. If designated in the Notice as an Incentive Stock Option (“ISO”), this Option is intended to qualify
as an Incentive Stock Option under Section 422 of the Code. However, if this Option is intended to be an ISO, to the extent that
it exceeds the U.S. $100,000 rule of Code Section 422(d) it will be treated as a Nonqualified Stock Option (“NQSO”).

 

4. Exercise of Option.

 

(a) Right
to Exercise. This Option is exercisable during its term in accordance with the Vesting Schedule set forth in the Notice and the applicable
provisions of the Plan and this Option Agreement. In the event of Participant’s death, Disability, Termination for Cause or other
Termination, the exercisability of the Option is governed by the applicable provisions of the Plan, the Notice and this Option Agreement.
This Option may not be exercised for a fraction of a Share.

 

(b) Method
of Exercise. This Option is exercisable by delivery of an exercise notice (the “Exercise Notice”), 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 Workday pursuant to the provisions of the
Plan. The Exercise Notice will be delivered from the person entitled to exercise the Option via electronic execution through Workday’s
authorized third-party administrator or in person, by mail, via electronic mail or facsimile or by other authorized method to the Secretary
of Workday or other person designated by Workday. The Exercise Notice will be accompanied by full payment of the aggregate Exercise Price
as to all Exercised Shares together with any Tax-Related Items (as defined in Section 8(a) below) that Workday has determined
must be withheld. Full payment may consist of any consideration and method of payment authorized by the Committee or Workday and permitted
by the Option Agreement and the Plan. Shares issued upon exercise of an Option will be issued in the name of the Participant.

 

(c) This
Option will be deemed to be exercised upon receipt by Workday of such fully executed Exercise Notice accompanied by such aggregate Exercise
Price and payment of any Tax-Related Items. No Shares will be issued pursuant to the exercise of this Option unless such issuance and
exercise complies with all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares
are then listed. 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 (subject to applicable law).

 

    37

     

    

 

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) if
permitted by the Committee, certificates for Shares that Participant owns, along with any forms needed to effect a transfer of those Shares
to Workday, the value of the Shares, determined as of the effective date of the Option exercise, will be applied to the Exercise Price.
Instead of surrendering Shares, Participant may attest to the ownership of those Shares on a form provided by Workday and have the same
number of Shares subtracted from the Exercised Shares issued to Participant. However, Participant may not surrender, or attest to the
ownership of, Shares of Workday stock in payment of the Exercise Price of Participant’s Option if Participant’s action would
cause Workday to recognize compensation expense (or additional compensation expense) with respect to this Option for financial reporting
purposes.

 

(d) a
 “broker-assisted” or “same-day sale” (as described in Section 11(c) of the Plan); or

 

(e) other
method authorized by the Committee or permitted under the Plan,

 

provided, that
the Committee may limit the availability of any method of payment, to the extent the Committee determines, in its discretion, such limitation
is necessary or advisable to comply with applicable law or facilitate the administration of the Plan. In particular, if Participant is
located outside the United States, Participant should review the applicable provisions of the Appendix for any such restriction that may
currently apply.

 

6. Non-Transferability
of Option. This Option may not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of other than by will
or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by Participant or unless otherwise
permitted by the Committee on a case-by-case basis. The terms of the Plan and this Option Agreement will be binding upon the executors,
administrators, heirs, successors and assigns of Participant.

 

7. Term of Option.
This Option will in any event expire on the Expiration Date set forth in the Notice, which date is 10 years after the Date of Grant (five
years after the Date of Grant if this Option is designated as an ISO in the Notice of Stock Option Grant and Section 5.3 of the Plan
applies).

 

8. Responsibility for
Taxes.

 

(a) Withholding.
Participant acknowledges that, regardless of any action taken by Workday or, if different, Participant’s employer (the “Employer”),
the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax related
items related to Participant’s participation in the Plan and legally applicable to Participant (“Tax-Related Items”)
is and remains Participant’s responsibility and may exceed the amount actually withheld by Workday or the Employer. Participant
further acknowledges that Workday and/or the Employer (a) make no representations or undertakings regarding the treatment of any
Tax-Related Items in connection with any aspect of this Option, including, but not limited to, the grant, vesting or exercise of this
Option, the subsequent sale of Shares acquired pursuant to such exercise and the receipt of any dividends; and (b) do not commit
to and are under no obligation to structure the terms of the grant or any aspect of this Option to reduce or eliminate Participant’s
liability for Tax-Related Items or achieve any particular tax result. Further, if Participant is subject to Tax-Related Items in more
than one jurisdiction, Participant acknowledges that Workday and/or the Employer (or former employer, as applicable) may be required to
withhold or account for Tax-Related Items in more than one jurisdiction. PARTICIPANT SHOULD CONSULT A TAX ADVISER APPROPRIATELY QUALIFIED
IN THE JURISDICTION(S) IN WHICH PARTICIPANT RESIDES OR IS SUBJECT TO TAXATION.

 

    38

     

    

 

Prior to any relevant taxable or tax withholding
event, as applicable, to the extent permitted by applicable law Participant agrees to make arrangements satisfactory to Workday and/or
the Employer to satisfy all Tax-Related Items. In this regard, Participant authorizes Workday and/or the Employer, or their respective
agents, at their discretion, to satisfy any withholding obligations or rights for Tax-Related Items by one or a combination of the following:

 

		(i)	Participant’s payment of a cash amount (including by check representing readily available funds
or a wire transfer);

 

		(ii)	withholding from proceeds of the sale of Shares acquired at exercise of this Option either through a voluntary
sale or through a mandatory sale arranged by Workday (on Participant’s behalf pursuant to this authorization) without further consent;

 

		(iii)	withholding in Shares to be issued upon exercise of the Option;

 

		(iv)	withholding from Participant’s wages or other cash compensation payable to Participant by Workday
and/or the Employer or any Parent, Subsidiary or Affiliate; or

 

		(v)	any other arrangement approved by the Committee,

 

all under such rules as may be established
by the Committee and in compliance with Workday’s Insider Trading Policy and 10b5-1 Trading Plan Policy, if applicable; provided
however, that if Participant is a Section 16 officer of Workday under the Exchange Act, then the Committee (as constituted in accordance
with Rule 16b-3 under the Exchange Act) shall establish the method of withholding from alternatives (i)-(v) above, and the Committee
shall establish the method prior to the tax withholding event.

 

Depending on the withholding method, Workday may
withhold or account for Tax-Related Items by considering applicable statutory withholding amounts or other applicable withholding rates
in Participant’s jurisdiction(s), including minimum rates or up to the maximum rates applicable in Participant’s jurisdiction(s).
In the event the application of the withholding rate determined by Workday leads to over-withholding, Participant may receive a refund
of any over-withheld amount in cash from Workday or the Employer (and will have no entitlement to the equivalent value in Shares) or,
if not refunded by Workday or the Employer, Participant may be able to seek a refund from the applicable tax authority. In the event of
under-withholding by Workday or the Employer for any reason, Participant may be required to pay any additional Tax-Related Items directly
to the applicable tax authority. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, Participant
will be deemed to have been issued the full number of Shares issued upon exercise of the Options notwithstanding that a number of the
Shares are held back solely for the purpose of paying the Tax-Related Items. The Fair Market Value of these Shares, determined as of the
effective date of the Option exercise, will be applied as a credit against the Tax-Related Items withholding.

 

Finally, Participant agrees to pay to Workday
or the Employer any amount of Tax-Related Items that Workday or the Employer may be required to withhold or account for as a result of
Participant’s participation in the Plan that cannot be satisfied by the means previously described. Workday may refuse to issue
or deliver the Shares or the proceeds of the sale of Shares, if Participant fails to comply with his or her obligations in connection
with the Tax-Related Items.

 

(b) Notice
of Disqualifying Disposition of ISO Shares. For U.S. taxpayers, if Participant sells or otherwise disposes of any of the Shares acquired
pursuant to an ISO on or before the later of (i) two years after the grant date, or (ii) one year after the exercise date, Participant
will immediately notify Workday in writing of such disposition. Participant agrees that he or she may be subject to income tax withholding
by Workday on the compensation income recognized from such early disposition of ISO Shares by payment in cash or out of the current wages
or other cash compensation paid to Participant by Workday and/or the Employer or any Parent, Subsidiary or Affiliate.

 

    39

     

    

 

9. Nature of Grant.
By accepting the Option, Participant acknowledges, understands and agrees that:

 

(a) the
Plan is established voluntarily by Workday, it is discretionary in nature, and may be amended, suspended or terminated by Workday at any
time, to the extent permitted by the Plan;

 

(b) the
grant of the Option is voluntary and occasional and does not create any contractual or other right to receive future grants of options,
or benefits in lieu of options, even if options have been granted in the past;

 

(c) all
decisions with respect to future Option or other grants, if any, will be at the sole discretion of Workday;

 

(d) the
Option grant and Participant’s participation in the Plan will not create a right to employment or be interpreted as forming an employment
or service contract with Workday, the Employer or any Parent, Subsidiary or Affiliate and shall not interfere with any ability Workday,
the Employer or any Parent, Subsidiary or Affiliate, as applicable, may have to Terminate Participant’s employment or service;

 

(e) Participant
is voluntarily participating in the Plan;

 

(f) the
Option and the Shares subject to the Option, and the income from and value of same, are not intended to replace any pension rights or
compensation;

 

(g) the
Option and the Shares subject to the Option, and the income and value of same, are not part of normal or expected compensation for any
purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments,
bonuses, long-service awards, pension or retirement or welfare benefits or similar payments;

 

(h) the
future value of the underlying Shares is unknown, indeterminable, and cannot be predicted with certainty;

 

(i) if
the underlying Shares do not increase in value, the Option will have no value;

 

(j) if
Participant exercises the Option and acquires Shares, the value of such Shares may increase or decrease, even below the Exercise Price;

 

(k) no
claim or entitlement to compensation or damages will arise from forfeiture of the Option resulting from (i) the application of any
compensation recovery or clawback policy adopted by Workday or otherwise required by law, or (ii) Participant’s Termination
(regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction
where Participant is employed or the terms of Participant’s employment agreement, if any);

 

(l) unless
otherwise provided in the Plan or by Workday in its discretion, the Option and the benefits evidenced by this Option Agreement do not
create any entitlement to have the Option or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed
out or substituted for, in connection with any Corporate Transaction affecting the Shares; and

 

    40

     

    

 

(m) neither
Workday, the Employer nor any Parent, Subsidiary or Affiliate will be liable for any foreign exchange rate fluctuation between Participant’s
local currency and the United States Dollar that may affect the value of the Option or of any amounts due to Participant pursuant to the
exercise of the Option or the subsequent sale of any Shares acquired upon exercise.

 

10. No Advice Regarding
Grant. Workday is not providing any tax, legal or financial advice, nor is Workday making any recommendations regarding Participant’s
participation in the Plan, or Participant’s acquisition or sale of the underlying Shares. Participant acknowledges, understands
and agrees that he or she should consult with his or her own personal tax, legal and financial advisors regarding his or her participation
in the Plan before taking any action related to the Plan.

 

11. Language.
Participant acknowledges that he or she is sufficiently proficient in English or has consulted with an advisor who is proficient in English,
as to allow Participant to understand the terms and conditions of this Option Agreement, including the Appendix and any other documents
related to the Plan. If Participant has received this Option Agreement or any other document related to the Option and/or the Plan translated
into a language other than English and if the meaning of the translated version is different than the English version, the English version
will control.

 

12. Jurisdiction-Specific
Provisions. Notwithstanding any provisions in this Option Agreement, the Option grant will be subject to any special terms and
conditions for Participant’s jurisdiction set forth in the Appendices. Moreover, if Participant relocates to one of the jurisdictions
included in the Appendices, the special terms and conditions for such jurisdiction will apply to Participant, to the extent Workday determines
that the application of such terms and conditions is necessary or advisable for legal or administrative reasons. The Appendices constitute
part of this Option Agreement.

 

13. Imposition of Other
Requirements. Workday reserves the right to impose other requirements on Participant’s participation in the Plan, on the
Option and on any Shares purchased upon exercise of the Option, to the extent Workday determines it is necessary or advisable for legal
or administrative reasons, and to require Participant to sign any additional agreements or undertakings that may be necessary to accomplish
the foregoing.

 

14. Acknowledgement.
Workday and Participant agree that the Option is granted under and governed by the Notice, this Option Agreement and by the provisions
of the Plan (incorporated herein by reference). Participant: (i) acknowledges receipt of a copy of the Plan and the Plan prospectus,
(ii) represents that Participant has carefully read and is familiar with their provisions, and (iii) hereby accepts the Option
subject to all of the terms and conditions set forth herein and those set forth in the Plan and the Notice.

 

15. Entire Agreement;
Enforcement of Rights. This Option Agreement, the Plan and the Notice constitute the entire agreement and understanding of the
parties relating to the subject matter herein and supersede all prior discussions between them. Any prior agreements, commitments or negotiations
concerning the purchase of the Shares hereunder are superseded. No adverse modification of or adverse amendment to this Option Agreement,
nor any waiver of any rights under this Option Agreement, will be effective unless in writing and signed by the parties to this Option
Agreement (which writing and signing may be electronic). The failure by either party to enforce any rights under this Option Agreement
will not be construed as a waiver of any rights of such party.

 

16. Compliance with
Laws and Regulations. The issuance of Shares and any restriction on the sale of Shares will be subject to and conditioned upon
compliance by Workday and Participant with all applicable U.S. and non-U.S. local, state and federal laws and regulations and with all
applicable requirements of any stock exchange or automated quotation system on which Workday’s Shares may be listed or quoted at
the time of such issuance or transfer. Participant understands that Workday is under no obligation to register or qualify the Shares with
any U.S. state or federal or any non-U.S. securities commission or to seek approval or clearance from any governmental authority for the
issuance or sale of the Shares. Further, Participant agrees that Workday shall have unilateral authority to amend the Plan and this Option
Agreement without Participant’s consent to the extent necessary to comply with securities or other laws applicable to issuance of
Shares. Finally, the Shares issued pursuant to this Option Agreement shall be endorsed with appropriate legends, if any, determined by
Workday.

 

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17. Severability.
If one or more provisions of this Option Agreement are held to be unenforceable under applicable law, such provision(s) will be enforced
to the maximum extent possible given the intent of the parties hereto and the parties agrees to renegotiate any unenforceable provision
in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such unenforceable provision,
then (a) such provision will be excluded from this Option Agreement, (b) the balance of this Agreement will be interpreted as
if such provision were so excluded and (c) the balance of this Option Agreement will be enforceable in accordance with its terms.

 

18. Governing Law and
Venue. This Option Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto
will be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving effect to such state’s
principles of conflict of laws.

 

Any and all disputes relating to, concerning or
arising from this Option Agreement, or relating to, concerning or arising from the relationship between the parties evidenced by the Plan
or this Option Agreement, will be brought and heard exclusively in the United States District Court for the Northern District of California
or the Superior Court of California, Alameda County. Each of the parties hereby represents and agrees that such party is subject to the
personal jurisdiction of said courts; hereby irrevocably consents to the jurisdiction of such courts in any legal or equitable proceedings
related to, concerning or arising from such dispute, and waives, to the fullest extent permitted by law, any objection which such party
may now or hereafter have that the laying of the venue of any legal or equitable proceedings related to, concerning or arising from such
dispute which is brought in such courts is improper or that such proceedings have been brought in an inconvenient forum.

 

19. Insider Trading
/ Market Abuse Laws. Participant may be subject to insider trading restrictions and/or market abuse laws in applicable jurisdictions,
including, but not limited to, the United States and, if different, Participant’s country, which may affect Participant’s
ability to directly or indirectly accept, acquire, sell or otherwise dispose of Shares, rights to Shares (e.g., Options) or rights
linked to the value of Shares under the Plan during such times as Participant is considered to have “inside information” regarding
Workday (as defined by the laws in the applicable jurisdictions). Local insider trading laws and regulations may prohibit the cancellation
or amendment of orders Participant placed before possessing the inside information. Furthermore, Participant may be prohibited from (a) disclosing
the inside information to any third party, including fellow employees (other than on a “need to know” basis) and (b) “tipping”
third parties or causing them to otherwise buy or sell securities. Any restrictions under these laws or regulations are separate from
and in addition to any restrictions that may be imposed under any applicable Workday insider trading policy and/or any Workday 10b5-1
trading plan. Neither Workday nor any Parent, Subsidiary or Affiliate will be responsible for such restrictions or liable for the failure
on Participant’s part to know and abide by such restrictions. Participant should consult with his or her own personal legal advisers
to ensure compliance with local laws. In addition, Participant acknowledges that he or she read Workday’s Insider Trading Policy,
and agrees to comply with such policy, as it may be amended from time to time, whenever Participant acquires, disposes of, other otherwise
transacts in Workday’s securities.

 

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20. Foreign Asset/Account
and Tax Reporting Requirements and Exchange Controls. Participant acknowledges that his or her country may have certain foreign
asset and/or foreign account reporting and/or tax reporting requirements and exchange controls which may affect Participant’s ability
to acquire or hold Shares purchased under the Plan or cash received from participating in the Plan (including from any dividends paid
on or sales proceeds arising from the sale of Shares acquired under the Plan) in a brokerage or bank account outside Participant’s
country. Participant may be required to report such accounts, assets or transactions to the tax or other authorities in his or her country.
Participant also may be required to repatriate sale proceeds or other funds received as a result of his or her participation in the Plan
to Participant’s country through a designated bank or broker and/or within a certain time after receipt. Participant acknowledges
that it is Participant’s responsibility comply with such regulations, and Participant should consult a personal legal advisor for
any details.

 

21. Option Subject to
Workday Clawback or Recoupment. To the extent permitted by applicable law, the Options will be subject to clawback or recoupment
pursuant to any compensation clawback or recoupment policy adopted by the Board or Compensation Committee or required by law during the
term of Participant’s employment or other service that is applicable to Participant. In addition to any other remedies available
under such policy and applicable law, Workday may require the cancellation of Participant’s Options (whether vested or unvested)
and the recoupment of any gains realized with respect to Participant’s Options.

 

22. No Rights as Employee,
Director or Consultant. Nothing in this Option Agreement will affect in any manner whatsoever any right or power Workday, the
Employer or any Parent, Subsidiary or Affiliate may have to terminate Participant’s service, for any reason, with or without Cause.

 

23. No Stockholder Rights.
Unless and until the Shares are issued (as evidenced by the appropriate entry on the books of Workday or of a duly authorized transfer
agent of Workday), no right to vote or receive dividends or any other rights as a stockholder will exist with respect to the Shares, notwithstanding
the exercise of the Option.

 

24. Consent to Electronic
Delivery of All Plan Documents and Disclosures. By Participant’s acceptance (whether in writing, electronically or otherwise)
of the Notice, Participant and Workday agree that this Option is granted under and governed by the terms and conditions of the Plan, the
Notice and this Option Agreement. Participant has reviewed the Plan, the Plan prospectus, the Notice and this Option Agreement in their
entirety, has had an opportunity to obtain the advice of counsel prior to executing the Notice, and fully understands all provisions of
the Plan, the Notice and this Option Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or
interpretations of the Committee upon any questions relating to the Plan, the Notice and this Option Agreement. Participant further agrees
to notify Workday upon any change in Participant’s residence address indicated on the Notice.

 

By acceptance of this Option, Participant agrees
to participate in the Plan through an on-line or electronic system established and maintained by Workday or a third party designated by
Workday and consents to the electronic delivery of the Notice, this Option Agreement, the Plan, account statements, Plan prospectuses
required by the U.S. Securities and Exchange Commission, U.S. financial reports of Workday, and all other documents that Workday is required
to deliver to its security holders (including, without limitation, annual reports and proxy statements) or other communications or information
related to the Option and current or future participation in the Plan. Electronic delivery may include the delivery of a link to the Workday
intranet or the internet site of a third party involved in administering the Plan, the delivery of the document via e-mail or such other
delivery determined at Workday’s discretion. Participant acknowledges that Participant may receive from Workday a paper copy of
any documents delivered electronically at no cost if Participant contacts Workday by telephone, through a postal service or electronic
mail to Stock Administration at stock.admin@workday.com. Participant further acknowledges that Participant will be provided with
a paper copy of any documents delivered electronically if electronic delivery fails; similarly, Participant understands that Participant
must provide on request to Workday or any designated third party a paper copy of any documents delivered electronically if electronic
delivery fails. Also, Participant understands that Participant’s consent may be revoked or changed, including any change in the
electronic mail address to which documents are delivered (if Participant has provided an electronic mail address), at any time by notifying
Workday of such revised or revoked consent by telephone, postal service or electronic mail through Stock Administration. Finally, Participant
understands that Participant is not required to consent to electronic delivery.

 

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APPENDIX A

 

WORKDAY, INC.

2022 EQUITY INCENTIVE PLAN

STOCK OPTION AWARD AGREEMENT

 

DATA
PRIVACY PROVISIONS FOR EMPLOYEES OUTSIDE THE UNITED STATES

 

PART 1 - EUROPEAN UNION,
EUROPEAN ECONOMIC AREA, SWITZERLAND AND UNITED KINGDOM

 

Data Privacy Notice.

 

(a)           Data
Collection and Usage. Workday and any Parent, Subsidiary, or Affiliate, including the Employer, may control, collect, process and
use certain information, including, but not limited to, Participant’s name, home address and telephone number, email address, date
of birth, social insurance, passport or other identification number, salary, nationality, job title, any Shares or directorships held
in Workday, details of all stock options or any other entitlement to Shares or equivalent benefits awarded, canceled, exercised, vested,
unvested or outstanding in Participant’s favor, for the purposes of implementing, administering and managing the Plan. Processing
of personal data for Plan purposes will be necessary for the performance of the Agreement or in the legitimate interests of Workday, the
Employer, any Parent, Subsidiary, Affiliate or a third party which are not overridden by Participant privacy rights, interests or freedoms
on balance.

 

(b)           Stock
Plan Administration Service Providers. Workday transfers relevant Plan information, including Participant personal data to E*Trade
Financial Corporate Services, Inc. and E*Trade Securities LLC (collectively, “E*Trade”), an independent service provider
based in the United States, which is assisting Workday with the implementation, administration and management of the Plan. Workday may
select a different service provider or additional service providers and share information including personal data with such other provider(s) serving
in a similar manner. Participant may be asked to agree on separate terms or acknowledge data processing practices with the service provider,
with such agreement or practice being a condition to the ability to participate in the Plan.

 

(c)            International
Data Transfers. Workday, E*Trade and relevant service providers are based in the United States. Personal data will be processed in
the United States and other international locations in connection with global operations from time to time. Participant’s jurisdiction
may have different data privacy laws. To protect data privacy rights, Workday maintains a program to implement international data transfer
safeguards, this may include entering approved standard contractual clauses with data importers where required by Participant’s
local jurisdiction laws.

 

(d)           Data
Retention. Personal data will be processed only as long as is necessary to implement, administer and manage Participant’s participation
in the Plan, or as required to comply with legal or regulatory obligations, including under tax securities, exchange control and labor
laws. This period may extend beyond when Participant’s service Terminates. When Workday no longer needs personal data, Workday will
remove it from its systems to the fullest extent reasonably practicable. If Workday keeps personal data longer, it would be to satisfy
legal or regulatory obligations and Workday’s legal basis, where required, would include the relevant laws or regulations.

 

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(e)           Data
Subject Rights. Participant may have a number of rights under data privacy laws in Participant’s jurisdiction. Depending on
where Participant is based and relevant data privacy laws regulating the processing activity, such rights may include the right to (i) request
access or copies of personal data Workday processes, including a summary of processing activities and recipient categories, (ii) rectification,
(iii) deletion or erasure, (iv) restrictions on processing, (v) portability and/or (vi) lodge complaints with competent
authorities in Participant’s jurisdiction. To receive clarification regarding this data privacy notice, these rights or to exercise
applicable rights in relation to the personal data processed by Workday, Participant can make an electronic request via Workday’s
Privacy Portal or write to the office address specified in Workday’s Employment Privacy Statement.

 

(f)            Workday’s
Employment Privacy Statement. Further information on Workday’s data privacy practices can be found within Workday’s Employment
Privacy Statement which supplements this data privacy notice.

 

PART 2 - COUNTRIES OUTSIDE THE EUROPEAN UNION, EUROPEAN
ECONOMIC AREA, SWITZERLAND AND UNITED KINGDOM

 

Data Privacy Notice and Consent.

 

(a)           Data
Collection and Usage. Workday and any Parent, Subsidiary, or Affiliate, including the Employer, may collect, process and use certain
personal information about Participant, including, but not limited to, Participant’s name, home address and telephone number, email
address, date of birth, social insurance, passport or other identification number, salary, nationality, job title, any Shares or directorships
held in Workday, details of all stock options or any other entitlement to Shares or equivalent benefits awarded, canceled, exercised,
vested, unvested or outstanding in Participant’s favor (“Data”), for the purposes of implementing, administering and
managing the Plan. The legal basis, where required, for the processing of Data is Participant’s consent.

 

(b)           Stock
Plan Administration Service Providers. Workday transfers Data to E*Trade Financial Corporate Services, Inc. and E*Trade Securities
LLC (collectively, “E*Trade”), an independent service provider based in the United States, which is assisting Workday with
the implementation, administration and management of the Plan. Workday may select a different service provider or additional service providers
and share Data with such other provider(s) serving in a similar manner. Participant may be asked to agree on separate terms and data
processing practices with the service provider, with such agreement being a condition to the ability to participate in the Plan.

 

(c)            International
Data Transfers. Workday and its service providers are based in the United States. Participant’s country or jurisdiction may
have different data privacy laws and protections than the United States. Workday’s legal basis, where required, for the transfer
of Data is Participant’s consent.

 

(d)           Data
Retention. Workday will hold and use Data only as long as is necessary to implement, administer and manage Participant’s participation
in the Plan, or as required to comply with legal or regulatory obligations, including under tax securities, exchange control and labor
laws. This period may extend beyond when Participant’s service Terminates. When Workday no longer needs the Data, Workday will remove
it from its systems to the fullest extent reasonably practicable. If Workday keeps Data longer, it would be to satisfy legal or regulatory
obligations and Workday’s legal basis, where required, would be the relevant laws or regulations.

 

    45

     

    

 

(e)           Voluntariness
and Consequences of Consent Denial or Withdrawal. Participation in the Plan is voluntary and Participant is providing the consents
herein on a purely voluntary basis. If Participant does not consent, or if Participant later seeks to revoke his or her consent, Participant’s
salary from or employment and career with the Employer will not be affected; the only consequence of refusing or withdrawing Participant’s
consent is that Workday would not be able to grant stock options or other equity awards to Participant or administer or maintain such
awards.

 

(f)            Data
Subject Rights. Participant may have a number of rights under data privacy laws in Participant’s jurisdiction. Depending on
where Participant is based, such rights may include the right to (i) request access or copies of Data Workday processes, (ii) rectification
of incorrect Data, (iii) deletion of Data, (iv) restrictions on processing of Data, (v) portability of Data, (vi) lodge
complaints with competent authorities in Participant’s jurisdiction, and/or (vii) receive a list with the names and addresses
of any potential recipients of Data. To receive clarification regarding this data privacy notice, these rights or to exercise applicable
rights in relation to the personal data processed by Workday, Participant can make an electronic request via Workday’s Privacy Portal
or write to the office address specified in Workday’s Employment Privacy Statement.

 

(g)           Workday’s
Employment Privacy Statement. Further information on Workday’s data privacy practices can be found within Workday’s Employment
Privacy Statement which supplements this data privacy notice.

 

By accepting the Option and indicating consent
via Workday’s acceptance procedure, Participant is declaring that Participant agrees with the data processing practices described
herein and consents to the collection, processing and use of Data by Workday and the transfer of Data to the recipients mentioned above,
including recipients located in countries which may not provide the same level of protection as Participant's country from a data protection
perspective, for the purposes described above.

 

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APPENDIX
B

 

WORKDAY, INC.

2022 EQUITY INCENTIVE PLAN

GLOBAL STOCK OPTION AWARD AGREEMENT

 

JURISDICTION-SPECIFIC
PROVISIONS FOR EMPLOYEES OUTSIDE THE U.S.

 

Terms and Conditions

 

This Appendix B includes additional terms and
conditions that govern the Option granted to Participant under the Plan if Participant resides and/or works in one of the jurisdictions
below. This Appendix B forms part of the Option Agreement. Any capitalized term used in this Appendix B without definition will have the
meaning ascribed to it in the Notice, the Option Agreement or the Plan, as applicable.

 

If Participant is a citizen or resident of a jurisdiction,
or is considered resident of a jurisdiction, other than the one in which Participant is currently working, or Participant transfers employment
and/or residency between jurisdictions after the Date of Grant, Workday will, in its sole discretion, determine to what extent the additional
terms and conditions included herein will apply to Participant under these circumstances.

 

Notifications

 

This Appendix B also includes information relating
to securities laws, exchange control, foreign asset / account reporting requirements and other issues of which Participant should be aware
with respect to Participant’s participation in the Plan. The information is based on the securities, exchange control and other
laws in effect in the respective jurisdictions as of March 2022. Such laws are often complex and change frequently. As a result,
Participant should not rely on the information herein as the only source of information relating to the consequences of Participant’s
participation in the Plan because the information may be out of date at the time that Participant exercises the Option or sells Shares
acquired under the Plan.

 

In addition, the information is general in nature
and may not apply to Participant’s particular situation, and Workday is not in a position to assure Participant of any particular
result. Accordingly, Participant is advised to seek appropriate professional advice as to how the relevant laws in Participant’s
jurisdiction may apply to Participant’s situation.

 

Finally, if Participant is a citizen or resident
of a jurisdiction, or is considered resident of a jurisdiction, other than the one in which Participant is currently working, or Participant
transfers employment and/or residency after the Date of Grant, the information contained herein may not apply to Participant in the same
manner.

 

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AUSTRALIA

 

Notifications

 

Tax Information. The Plan is a plan to
which Subdivision 83A-C of the Income Tax Assessment Act 1997 (Cth) applies (subject to the conditions in the Act).

 

Securities Law Information. If Participant
offers any Shares for sale to a person or entity resident in Australia, the offer may be subject to disclosure requirements under Australian
law (in addition to any requirements under the Plan and this Option Agreement). Participant should consult with his or her personal
legal advisor prior to making any such offer to ensure compliance with the applicable requirements.

 

Exchange Control Information. Exchange
control reporting is required for cash transactions exceeding AUD 10,000 and international fund transfers. The Australian bank assisting
with the transaction may file the report on Participant's behalf. If there is no Australian bank involved in the transfer, Participant
will be required to file the report. Participant should consult with his or her personal advisor to ensure proper compliance with applicable
reporting requirements in Australia.

 

AUSTRIA

 

Notifications

 

Exchange Control Information. If Participant
holds securities (including Shares acquired under the Plan) or cash (including proceeds from the sale of Shares) outside of Austria, Participant
will be required to report certain information to the Austrian National Bank on an annual basis if the value of the shares as of December 31
meets or exceeds €5,000,000. The deadline for filing the annual report is January 31 of the following year.

 

In addition, when the Shares are sold or a dividend
is received, Participant may be required to comply with certain exchange control obligations if the cash proceeds from the sale are held
outside of Austria. If the transaction volume of all accounts abroad meets or exceeds €10,000,000, the movement and balances of all
accounts must be reported monthly, as of the last day of the month, on or before the 15th of the following month on the prescribed form
(Meldungen SI-Forderungen und/oder SI-Verpflichtungen).

 

BELGIUM

 

Notifications

 

Acceptance of Option. The taxation of the
Options will depend on when the Options are accepted. Participant will receive a separate letter, acceptance form and undertaking form
along with the Option Agreement. Participant should refer to the separate letter for a detailed description of the tax consequences of
accepting the Options. Participant should consult with his or her personal tax advisor regarding the tax consequences of accepting
the Options and the completion of the additional forms.

 

Foreign Asset/Account Reporting Information.
If Participant is a Belgian resident, Participant is required to report any securities (e.g., Shares acquired under the Plan) or bank
account (including brokerage accounts) held outside Belgium on Participant’s annual tax return. In a separate report, Belgian residents
are required to provide the National Bank of Belgium with the account details of any such foreign accounts (including the account number,
bank name and country in which any such account was opened). This report, as well as additional information on how to complete it, can
be found on the website of the National Bank of Belgium, www.nbb.be.

 

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CANADA

 

Terms and Conditions

 

Exercisability/Termination. This provision
supplements or replaces, as applicable, the provisions on Termination and Termination Date set forth in Section 1 of the Global Notice
of Stock Option Grant and Section 2 of the Option Agreement as well as the “Termination” and “Termination Date”
definitions in Section 29 of the Plan (and, for the avoidance of doubt, the definition of “Termination Date” included
herein replaces the definition of “Termination Date” set forth in Section 2(a) of this Agreement and Section 29
of the Plan as permitted by the Plan):

 

Workday, or in the case of Insiders, the Committee
will have sole discretion to determine whether a Participant has ceased to provide services for purposes of the Plan and the effective
date on which the Participant ceased to provide services (the “Termination Date”), as provided in the Plan.
For purposes of the Option, the Termination Date will be the date Participant is no longer actually providing services (regardless of
the reason for such termination and whether or not the termination is later found to be invalid or in breach of employment laws in the
jurisdiction where Participant is employed or otherwise rendering services or the terms of Participant’s employment or service agreement,
if any). Unless explicitly required by applicable legislation or determined by Workday, or in the case of Insiders, the Committee, Participant's
period of service for purposes of the Option will exclude and will not be extended by any period during which notice, pay in lieu of notice
or related payments or damages are provided or required to be provided under statute, contract, common/civil law or otherwise. Participant
will not earn, or be entitled to earn, any pro-rated vesting or exercisability for that portion of time before the date on which Participant’s
right to vest in or exercise the Option terminates, nor will Participant be entitled to any compensation for lost vesting or exercisability.
Notwithstanding the foregoing, if applicable employment standards legislation explicitly requires continued entitlement to vesting and/or
exercisability during a statutory notice period, Participant’s right to vesting or exercise of the Option, if any, will terminate
effective as of the last day of Participant’s minimum statutory notice period, but Participant will not earn or be entitled to pro-rated
vesting or extended exercisability if the vesting date or exercisability period falls after the end of Participant’s statutory notice
period, nor will Participant be entitled to any compensation for lost vesting or exercisability.

 

Method of Payment. The following provision
supplements Section 5 of the Option Agreement:

 

Due to tax considerations in Canada, payment of
the aggregate Exercise Price may not be made by the method set forth in Section 5(c) of the Option Agreement. Workday reserves
the right to allow this method of payment depending on the development of applicable law.

 

The following provisions apply to Participants
in Quebec:

 

Data Privacy. The following provision supplements
Part 2 of Appendix A.

 

Participant hereby authorizes Workday and Workday’s
representatives to discuss and obtain all relevant information from all personnel, professional or non-professional, involved with the
administration and operation of the Plan for purposes that relate to the administration of the Plan. Participant further authorizes Workday,
the Employer and/or any other Parent, Subsidiary or Affiliate to disclose and discuss such information with their advisors. Participant
acknowledges and agrees that Participant's personal information, including any sensitive personal information, may be transferred or disclosed
outside of the province of Quebec, including to the U.S. Participant also authorizes Workday, the Employer and/or any other Parent, Subsidiary
or Affiliate to record such information and to keep such information in Participant’s employment file. If applicable, Participant
also acknowledges and authorizes Workday, the Employer and/or any other Parent, Subsidiary or Affiliate involved in the administration
of the Plan to use technology for profiling purposes and to make automated decisions that may have an impact on Participant or the administration
of the Plan.

 

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Language Consent. The parties acknowledge
that it is their express wish that this Option Agreement, as well as all documents, notices and legal proceedings entered into, given
or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English.

 

Consentement Relatif à la Langue
Utilisée. Les parties reconnaissent avoir exigé que cette convention [“Option Agreement”], ainsi que tous
les documents, avis et procédures judiciaries, éxecutés, donnés ou intentés en vertu de, ou lié
directement ou indirectement à la présente convention, soient rédigés en langue anglaise.

 

Notifications

 

Securities Law Information. Participant
understands he or she is permitted to sell Shares acquired through the Plan through the designated broker appointed under the Plan, if
any, provided the resale of Shares acquired under the Plan takes place outside of Canada through the facilities of a stock exchange on
which the Shares are listed. The Shares are currently listed on the Nasdaq Global Select Market (the “Nasdaq”).

 

Foreign Asset/Account Reporting Information.
Canadian residents are required to report foreign specified property, including Shares and rights to receive Shares (e.g., Options),
on form T1135 (Foreign Income Verification Statement) if the total cost of the foreign specified property exceeds C$100,000 at any time
during the year. Options must be reported (generally, at a nil cost) if the C$100,000 cost threshold is exceeded because of other foreign
specified property held by Participant. When Shares are acquired, their cost generally is the adjusted cost base (“ACB”)
of the Shares. The ACB would ordinarily equal the fair market value of the Shares at the time of acquisition, but if Participant owns
other Shares, this ACB may have to be averaged with the ACB of the other Shares.

 

CHINA

 

Terms and Conditions

 

The following provisions govern Participant’s
participation in the Plan only if Participant is subject to exchange control restrictions in the People’s Republic of China (“China”),
as determined by Workday in its sole discretion.

 

Vesting and Exercisability. This section
supplements Sections 1 and 2 of the Option Agreement:

 

Workday is under no obligation to vest Options
or issue Shares unless and until its registration application is approved by the Chinese State Administration of Foreign Exchange (“SAFE”).
Further, at Workday’s discretion, the Option will not vest or be exercised and Shares will not be issued if, at the time Participant’s
Option is otherwise scheduled to vest, the SAFE registration has become invalid or ceased to be effective for any reason. Further, Options
will not vest or become exercisable and the underlying Shares will not be issued unless and until Workday determines that such vesting
and issuance of Shares complies with all relevant laws and regulations.

 

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Method of Payment. The following provision
supplements Section 5 of the Option Agreement:

 

To facilitate compliance with applicable laws
and regulations in China, payment of the aggregate Exercise Price must be made by consideration received by Workday pursuant to a broker-assisted
exercise or “same-day sale” or other form of cashless exercise program implemented by Workday in connection with the Plan.
Workday reserves the right to allow additional methods of payment depending on the development of applicable law.

 

Exchange Control Requirements. Any Shares
that Participant acquires at vesting or exercise of the Option (less amounts required to be withheld to satisfy Tax-Related Items) will
be credited to Participant’s account with E*Trade or such other broker as may be selected by Workday. Participant understands that
these Shares must remain in such account until Participant decides or is required to sell them. Participant understands and agrees that,
due to exchange control laws in China, Participant will be required to immediately repatriate to China any funds received from participating
in the Plan (including cash proceeds from the sale of Shares and any dividends paid on such Shares). Participant further understands that,
under exchange control laws in China, such repatriation of the funds will need to be effected through a special exchange control account
established by Workday, the Employer or another Subsidiary, and Participant hereby consents and agrees that the funds will be transferred
to such special account prior to being delivered to Participant. Participant also understands that Workday will deliver the funds to Participant
as soon as possible, but there may be delays in distributing the funds to Participant due to exchange control requirements in China. The
funds may be paid in U.S. dollars or local currency, at Workday’s discretion. If the funds are paid in U.S. dollars, Participant
understands that Participant may be required to open a U.S. Dollar bank account in China into which the funds can be deposited. If the
funds are converted to local currency, Participant acknowledges that Workday is under no obligation to secure any particular currency
conversion rate, and that it may face delays in converting the funds to local currency. Participant will bear the risk of any currency
conversion rate fluctuation between the date that the Shares are sold (or any other funds are received) and the date of conversion of
the funds to local currency. Participant must comply with any other requirements imposed by Workday in the future in order to facilitate
compliance to the exchange control requirements in China.

 

CZECH REPUBLIC

 

Notifications

 

Exchange Control Information. Upon request
of the Czech National Bank, Participant may be required to file a report in connection with the Option and the opening and maintenance
of a foreign account. However, because exchange control regulations change frequently and without notice, Participant should consult with
his or her personal advisor before vesting or exercise of the Option and before opening any foreign accounts in connection with the Option
to ensure compliance with current regulations. Participant is responsible for complying with applicable Czech exchange control laws.

 

DENMARK

 

Terms and Conditions

 

Danish Stock Option Act. Participant acknowledges
that he or she has received the Employer Statement in Danish which sets forth additional information about the Option to the extent that
the Danish Stock Option Act, as amended as of 1 January 2019 (the “Act”), applies.

 

Participant understands that the Act only applies
to “employees” as that term is defined in Section 2 of the Act. If Participant is a member of the registered management
of a Subsidiary in Denmark or otherwise does not satisfy the definition of employee, he or she is not subject to the Act and the Employer
Statement will not apply to him or her.

 

    51

     

    

 

Notifications

 

Foreign Asset/Account Reporting Information.
If the Participant establishes an account holding Shares or cash outside Denmark, the Participant must report the account to the Danish
Tax Administration. The form may be obtained from a local bank.

 

FINLAND

 

There are no country-specific provisions.

 

FRANCE

 

Terms and Conditions

 

Language Consent. By accepting the Option,
Participant confirms having read and understood the Plan and this Option Agreement, which were provided in the English language. Participant
accepts the terms of those documents accordingly.

 

Consentement Relatif à la Langue
Utilisée. En acceptant cette Attribution, le Participant confirme avoir lu et compris le Plan et le présent Contrat
d’Attribution qui ont été transmis en langue anglaise. Le Participant accepte les termes et conditions de ces documents
en connaissance de cause.

 

Notifications

 

Exchange Control Information. The value
of any cash or securities imported to or exported from France without the use of a financial institution must be reported to the customs
and excise authorities when the value of such cash or securities is exceeds a certain threshold. Participant should consult with a
personal legal advisor for further details regarding this requirement.

 

Foreign Asset/Account Reporting Information.
If Participant holds securities (including Shares purchased under the Plan) or maintains a foreign bank account, Participant is required
to report these to the French tax authorities when filing Participant’s annual tax return.

 

GERMANY

 

Notifications

 

Exchange Control Information. Cross border
payments in excess of €12,500 must be reported monthly to the Deutsche Bundesbank. Such reporting obligation might arise when
the Option is exercised and when Shares are subsequently sold by Participant. Participant is responsible for complying with applicable
reporting obligations and should consult with a personal legal advisor on this matter.

 

Foreign Asset/Account Reporting Information.
If Participant’s acquisition of Shares under the Plan leads to a so-called qualified participation at any point during the calendar
year, Participant will need to report the acquisition when he or she files his or her tax return for the relevant year. A qualified participation
is attained if (i) the value of the Shares acquired exceeds EUR 150,000 or (ii) in the unlikely event that Participant holds
Shares exceeding 10% of the total capital of Workday. However, if the Shares are listed on a recognized U.S. stock exchange and Participant
owns less than 1% of Workday, this requirement will not apply to him or her. If applicable, Participant will be responsible for obtaining
the appropriate form from a German federal bank and complying with the reporting obligations.

 

    52

     

    

 

GREECE

 

Foreign Asset/Account Reporting Information. If Participant
acquires Shares under the Plan, Participant must report such foreign assets on Participant's tax return.

 

HONG
KONG

 

Terms and Conditions

 

Securities Law Information. WARNING:
The grant of the Option under the Plan and the Shares subject to the Option do not constitute a public offer of securities under Hong
Kong law and are available only to employees of Workday, its Subsidiaries and any Parent. This Option Agreement and the Plan and any other
incidental communication materials distributed in connection with the Plan (i) have not been prepared in accordance with and are
not intended to constitute a “prospectus” for a public offering of securities under the applicable securities legislation
in Hong Kong, (ii) have not been reviewed by any regulatory authority in Hong Kong, and (iii) are intended only for the personal
use of eligible employees of Workday, its Subsidiaries and any Parent, and may not be distributed to any other person.

 

Participant is advised to exercise caution
in relation to the right to acquire Shares. If Participant is in any doubt about any of the contents of this Option Agreement, the Plan
or any other incidental communication materials distributed in connection with the Plan, Participant should obtain independent professional
advice.

 

Sale of Shares. By accepting the Option,
Participant agrees that in the event Shares are issued in respect of the Option within six months of the Date of Grant, Participant will
not dispose of any Shares acquired prior to the six-month anniversary of the Date of Grant.

 

INDIA

 

Terms and Conditions

 

Method of Payment. The following provision
supplements Section 5 of the Option Agreement:

 

Payment of the aggregate Exercise Price must be
made in compliance with applicable exchange control laws.

 

Without limitation to the foregoing, to facilitate
compliance with applicable exchange control laws in India, Workday may require that payment of the aggregate Exercise Price be made by
consideration received by Workday pursuant to a broker-assisted exercise or “same-day sale” or other form of cashless exercise
program implemented by Workday in connection with the Plan.

 

Notifications

 

Exchange Control Information. Participants
resident in India are required to repatriate to India any funds received under the Plan within such period of time prescribed under applicable
Indian exchange control regulations, as may be amended from time to time. Upon repatriation, a foreign inward remittance certificate (“FIRC”)
will be issued by the bank where the foreign currency is deposited. The FIRC should be retained as evidence of the repatriation of funds
in the event the Reserve Bank of India or the Employer requests proof of repatriation. It is Participant’s responsibility to comply
with applicable exchange control laws in India.

 

    53

     

    

 

Foreign Asset/Account Reporting Information.
Indian residents must declare the following items in their annual tax returns: (i) any foreign assets held (including Shares acquired
under the Plan), and (ii) any foreign bank accounts for which the resident has signing authority. It is Participant’s responsibility
to comply with applicable tax laws in India. Participant should consult with a personal tax advisor to ensure proper reporting of foreign
assets and bank accounts.

 

INDONESIA

 

Terms and Conditions

 

Language Consent. By accepting the Award,
Participant (i) confirms having read and understood these documents provided in the English language, (ii) accepts the terms
of these documents accordingly, and (iii) agrees not to challenge the validity of these documents based on Law No. 24 of 2009
on National Flag, Language, Coat of Arms and National Anthem or the implementing Presidential Regulation (when issued).

 

Persetujuan dan Pemberitahuan Bahasa.
Dengan menerima Penghargaan ini, (i) anda mengkonfirmasi bahwa anda telah membaca dan mengerti isi dokumen yang terkait dengan pemberian
Penghargaan ini (yaitu Rencana dan Perjanjian Opsi Saham) yang disediakan untuk anda dalam bahasa Inggris, (ii) anda menerima persyaratan
di dalam dokumen-dokumen tersebut, dan (iii) anda setuju bahwa anda tidak akan mengajukan keberatan atas keberlakuan dari dokumen
ini berdasarkan Undang-Undang No. 24 tahun 2009 tentang Bendera, Bahasa dan Lambang Negara serta Lagu Kebangsaan atau peraturan pelaksana
dari Peraturan Presiden (ketika diterbitkan nantinya).

 

Notifications

 

Exchange Control Information. Foreign exchange
activity is subject to certain reporting requirements. For foreign currency transactions exceeding USD 25,000, the underlying document
of that transaction will have to be submitted to the relevant local bank. If Participant repatriates funds (e.g., proceeds from the sale
of Shares) into Indonesia, the Indonesian bank through which the transaction is made will submit a report of the transaction to the Bank
of Indonesia.

 

For transactions of USD 10,000 or more (or its
equivalent in other currency), a more detailed description of the transaction must be included in the report and Participant may be required
to provide information about the transaction to the bank in order to complete the transaction.

 

Foreign Asset/Account Reporting Information.
Indonesian residents are required to report worldwide assets (including foreign accounts and Shares acquired under the Plan) in their
annual individual income tax return.

 

IRELAND

 

Notifications

 

Director Notification Requirement. If Participant
is a director, shadow director or secretary of an Irish Parent or Subsidiary, Participant must notify the Irish Parent or Subsidiary in
writing upon (a) receiving or disposing of an interest in Workday (e.g., options, Shares, etc.), (b) becoming aware
of the event giving rise to the notification requirement, or (c) becoming a director or secretary if such an interest exists at the
time, in each case if the interest represents more than 1% of Workday’s share capital or voting rights. This notification requirement
also applies with respect to the interests of any spouse or minor children (whose interests will be attributed to the director, shadow
director or secretary).

 

    54

     

    

 

ITALY

 

Terms and Conditions

 

Plan Document Acknowledgement. Participant
acknowledges that by accepting the Option, Participant has been given access to the Plan document, has reviewed the Plan and this Option
Agreement in their entirety and fully understands and accepts all provisions of the Plan and this Option Agreement. Further, Participant
acknowledges that he or she has read and expressly approves the following sections of the Option Agreement: Section 1. Vesting Rights;
Section 2. Termination Period; 8. Responsibility for Taxes; Section 9. Nature of Grant; Section 10. No Advice Regarding
Grant; Section 11. Language; Section 13. Imposition of Other Requirements; Section 16. Compliance with Laws and Regulations;
Section 18. Governing Law and Venue; Section 21: Option Subject to Workday Clawback or Recoupment; Section 24. Consent
to Electronic Delivery of All Plan Documents and Disclosures.

 

Notifications

 

Foreign Asset/Account Reporting Information.
Participant understands that if Participant is an Italian resident and at any time during the fiscal year Participant holds foreign financial
assets (including cash and Shares) which may generate income taxable in Italy, Participant is required to report these assets on Participant’s
annual tax return (UNICO Form, RW Schedule) for the year during which the assets are held, or on a special form if no tax return is due.
These reporting obligations will also apply to Italian residents who are the beneficial owners of foreign financial assets, even if Participant
does not directly hold investments abroad or foreign assets.

 

JAPAN

 

Notifications

 

Exchange Control Information. If the payment
amount to purchase Shares in one transaction exceeds ¥30,000,000, Participant must file a Payment Report with the Ministry of Finance
(the “MOF”) (through the Bank of Japan or the bank through which the payment was effected). If the payment amount to purchase
Shares in one transaction exceeds ¥100,000,000, Participant must file a Securities Acquisition Report, in addition to a Payment Report,
with the MOF (through the Bank of Japan).

 

Foreign Asset/Account Reporting Information.
Participant understands that if Participant holds assets outside of Japan (e.g., Shares acquired under the Plan) with a total net fair
market value exceeding ¥50,000,000 (or an equivalent amount in foreign currency) as of December 31 each year, Participant is
required to report the details of such assets to the Japanese tax authorities by March 15th of the following year. Participant acknowledges
that he or she should consult with Participant’s personal tax advisor to determine Participant’s personal reporting obligations.

 

LATVIA

 

There are no country-specific provisions.

 

    55

     

    

 

MALAYSIA

 

Terms and Conditions

 

Data Privacy. The following provision
replaces Part 2 of Appendix A.

 

Participant hereby explicitly and unambiguously
consents to the collection, use and transfer, in electronic or other form, of Participant’s personal data as described in this Option
Agreement and any other Option grant materials by and among, as applicable, Workday, the Employer and any other Parent or Subsidiary for
the exclusive purpose of implementing, administering and managing Participant’s participation in the Plan.

 

Participant understands that Workday, the
Employer and any other Parent or Subsidiary may hold certain personal information about Participant, including, but not limited to, Participant’s
name, home address, email address and telephone number, date of birth, social insurance, passport or other identification number (e.g.,
resident registration number), salary, nationality, job title, any shares of stock or directorships held in Workday, details of all Options
or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in Participant’s favor
(“Data”), for the exclusive purpose of implementing, administering and managing the Plan. The source of the Data is the Employer,
as well as information which Participant is providing to Workday and the Employer in connection with the Plan and this Option Agreement.

 

Participant authorizes that Data will be
transferred to E*Trade or such other stock plan service provider as may be selected by Workday in the future, which is assisting Workday
with the implementation, administration and management of the Plan. Participant further authorizes that Workday, the Employer and any
other Parent or Subsidiary will transfer Data among themselves as necessary for the purpose of the implementation, administration and
management of Participant’s participation in the Plan, and that Workday, the Employer and any other Parent or Subsidiary may each
further transfer Data to third parties assisting Workday in the implementation, administration and management of the Plan, including any
requisite transfer to a broker or another third party with whom Participant may elect to deposit any Shares acquired under the Plan. Participant
authorizes that the recipients of the Data may be located in the United States or elsewhere, and that the recipients’ country may
have different data privacy laws and protections than Participant’s country. Participant understands that if he or she resides outside
the United States, he or she may request a list with the names and addresses of any potential recipients of the Data by contacting his
or her local human resources representative, whose email address is cynthia.chan@workday.com. Participant authorizes Workday, E*Trade
and any other possible recipients which may assist Workday (presently or in the future) with implementing, administering and managing
the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering
and managing his or her participation in the Plan, including any requisite transfer of such Data to a third party with whom the Participant
may elect to deposit any Shares acquired upon vesting of the Option.

 

Participant authorizes that Data will be
held only as long as is necessary to implement, administer and manage Participant’s participation in the Plan. Participant understands
if he or she resides outside the United States, 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, in any case without cost,
by contacting in writing his or her local human resources representative. Further, Participant understands that he or she is providing
the consents herein on a purely voluntary basis. If Participant does not consent, or if Participant later seeks to revoke his or her consent,
his or her employment status or service and career with the Employer will not be affected; the only consequence of refusing or withdrawing
Participant’s consent is that Workday would not be able to grant Participant Options or other equity awards or administer or maintain
such awards. Therefore, Participant understands that refusing or withdrawing his or her consent may affect Participant’s ability
to participate in the Plan. For more information on the consequences of Participant’s refusal to consent or withdrawal of consent,
Participant understands that he or she may contact his or her local human resources representative at cynthia.chan@workday.com.

 

    56

     

    

 

Malaysian Translation

 

Peserta dengan ini secara eksplisit dan
tanpa sebarang keraguan mengizinkan pengumpulan, penggunaan dan pemindahan, dalam bentuk elektronik atau lain-lain, data peribadi Peserta
seperti yang diterangkan dalam Perjanjian dan sebarang bahan geran Option lain oleh dan di antara, seperti mana yang terpakai, Workday,
Majikan dan mana-mana Syarikat Induk atau Anak-Anak Syarikatnya untuk tujuan ekslusif bagi melaksanakan, mentadbir dan menguruskan penyertaan
Peserta dalam Pelan tersebut.

 

Peserta memahami bahawa Workday, Majikan
dan mana-mana Syarikat Induk atau Anak-Anak Syarikat mungkin memegang maklumat peribadi tertentu tentang Peserta, termasuk, tetapi tidak
terhad kepada, nama Peserta, alamat rumah dan nombor telefon, alamat emel, tarikh lahir, insurans sosial, nombor passport atau nombor
pengenalan lain (seperti, nombor pendaftaran penduduk tetap atau nombor kad pengenalan), gaji, kewarganegaraan, jawatan, apa-apa syer
dalam saham atau jawatan sebagai pengarah yang dipegang di Workday, butir-butir semua Options atau apa-apa hak lain atas syer dalam saham
yang dianugerahkan, dibatalkan, dilaksanakan, terletak hak, tidak diletak hak ataupun yang belum dijelaskan bagi faedah Peserta (“Data”),
untuk tujuan eksklusif bagi melaksanakan, mentadbir dan menguruskan Pelan tersebut. Sumber Data adalah daripada Majikan, dan juga maklumat
yang Peserta berikan kepada Workday dan Majikan berhubung dengan Pelan tersebut dan Perjanjian ini.

 

Peserta memberi kuasa bahawa Data ini akan
dipindahkan kepada E*Trade atau pembekal perkhidmatan pelan saham yang ditetapkan oleh Workday pada masa depan yang membantu Workday dengan
pelaksanaan, pentadbiran dan pengurusan Pelan tersebut. Peserta juga memberi kuasa bahawa Workday, Majikan dan Syarikat Induk atau Anak-Anak
Syarikat lain akan memindahkan Data sesama mereka seperti diperlukan untuk tujuan melaksanakan, mentadbir dan menguruskan penyertaan Peserta
dalam Pelan tersebut, dan Workday, Majikan dan Syarikat Induk atau Anak-Anak Syarikat yang lain masing-masing boleh memindahkan Data kepada
pihak-pihak ketiga yang membantu Workday dalam pelaksanaan, pentadbiran dan pegurusan Pelan tersebut, termasuk pemindahan yang diperlukan
kepada broker atau pihak ketiga yang lain yang mana Peserta boleh memilih untuk mendepositkan Syer-Syer yang diperolehi daripada Pelan
tersebut. Peserta mengakui bahawa penerima-penerima Data mungkin berada di Amerika Syarikat atau di tempat lain dan bahawa negara penerima-penerima
mungkin mempunyai undang-undang privasi data dan perlindungan yang berbeza daripada negara Peserta. Peserta memahami bahawa sekiranya
Peserta menetap di luar Amerika Syarikat, Peserta boleh meminta satu senarai yang mengandungi nama dan alamat penerima-penerima Data yang
berpotensi dengan menghubungi wakil sumber manusia tempatan Peserta, cynthia.chan@workday.com. Peserta memberi kuasa kepada Workday, E*Trade
dan mana-mana penerima-penerima lain yang mungkin membantu Workday (pada masa sekarang atau pada masa depan) untuk melaksanakan, mentadbir
dan menguruskan Pelan bagi menerima, memiliki, menggunakan, menyimpan dan memindahkan Data, dalam bentuk elektronik atau lain-lain, semata-mata
dengan tujuan untuk melaksanakan, mentadbir dan menguruskan penyertaan Peserta dalam Pelan tersebut, termasuk apa-apa pemindahan Data
yang diperlukan kepada pihak ketiga yang lain dengan sesiapa yang Peserta pilih untuk deposit apa-apa Saham yang diperolehi selepas terletak
hak Option.

 

    57

     

    

 

Peserta memberi kuasa bahawa Data hanya
akan disimpan untuk sepanjang tempoh yang diperlukan bagi melaksanakan, mentadbir, dan menguruskan penyertaan Peserta dalam Pelan tersebut.
Peserta memahami bahawa sekiranya Peserta menetap di luar Amerika Syarikat, Peserta boleh, pada bila-bila masa, melihat Data, meminta
maklumat tambahan mengenai penyimpanan dan pemprosesan Data, meminta bahawa pindaan-pindaan dilaksanakan ke atas Data atau menolak atau
menarik balik persetujuan terkandung di sini, dalam mana-mana kes, tanpa kos, dengan menghubungi secara bertulis wakil sumber manusia
tempatan Peserta. Peserta selanjutnya memahami bahawa Peserta memberi persetujuan ini secara sukarela. Sekiranya Peserta tidak bersetuju,
atau kemudian membatalkan persetujuannya, status pekerjaan atau perkhidmatan Peserta dengan Majikan tidak akan terjejas; satu-satunya
akibat jika Peserta tidak bersetuju atau menarik balik persetujuan Peserta adalah bahawa Workday tidak akan dapat menganugerahkan kepada
Peserta Options atau anugerah ekuiti lain atau mentadbir atau mengekalkan anugerah tersebut. Oleh itu, Peserta memahami bahawa keengganan
atau penarikan balik persetujuan Peserta boleh menjejaskan keupayaannya untuk mengambil bahagian dalam Pelan tersebut. Untuk maklumat
lanjut mengenai akibat keengganan Peserta untuk memberikan keizinan atau penarikan balik keizinan, Peserta memahami bahawa Peserta boleh
menghubungi wakil sumber manusia tempatan Peserta, cynthia.chan@workday.com.

 

Notifications

 

Director Notification Obligation. Directors
of Workday’s Malaysian Subsidiary are subject to certain notification requirements under the Malaysian Companies Act. Among these
requirements is an obligation to notify such entity in writing within 14 business days of the acquisition or disposal of an interest (e.g.,
Options granted under the Plan or Shares) in Workday or any related company.

 

MEXICO

 

Terms and Conditions

 

Plan Document Acknowledgement. By accepting
the Option, Participant acknowledges that he or she has received a copy of the Plan and the Option Agreement, which Participant has reviewed.
Participant acknowledges further that he or she accepts all the provisions of the Plan and the Option Agreement. Participant also acknowledges
that he or she has read and specifically and expressly approves the terms and conditions set forth in Section 9 (“Nature of
Grant”) in the Option Agreement, which clearly provides as follows:

 

(1) Participant’s participation in
the Plan does not constitute an acquired right;

 

(2) The Plan and Participant’s participation
in the Plan are offered by Workday on a wholly discretionary basis;

 

(3) Participant’s participation in
the Plan is voluntary; and

 

(4) Workday and its Subsidiaries are not
responsible for any decrease in the value of any Shares acquired at vesting and exercise of the Option.

 

    58

     

    

 

Labor Law Policy and Acknowledgment. By
accepting the Option, Participant expressly recognizes that Workday, with registered offices at 6110 Stoneridge Mall Road, Pleasanton,
California U.S.A., is solely responsible for the administration of the Plan, and that Participant’s participation in the Plan and
acquisition of Shares do not constitute an employment relationship between Participant and Workday since Participant is participating
in the Plan on a wholly commercial basis and the Workday Mexico S. de R.L. de C.V. (“Workday Mexico”) is his
or her sole employer. Based on the foregoing, Participant expressly recognizes that the Plan and the benefits that he or she may derive
from participating in the Plan do not establish any rights between Participant and Workday Mexico and do not form part of the employment
conditions and/or benefits provided by Workday Mexico, and any modification of the Plan or its termination shall not constitute a change
or impairment of the terms and conditions of Participant’s employment.

 

Participant further understands that his or her
participation in the Plan is as a result of a unilateral and discretionary decision of Workday; therefore, Workday reserves the absolute
right to amend and/or discontinue Participant’s participation at any time without any liability to Participant.

 

Finally, Participant hereby declares that he or
she does not reserve to him- or herself any action or right to bring any claim against Workday for any compensation or damages regarding
any provision of the Plan or the benefits derived under the Plan, and Participant therefore grants a full and broad release to Workday,
and its Subsidiaries, affiliates, branches, representative offices, shareholders, directors, officers, employees, agents, or legal representatives
with respect to any claim that may arise.

 

Spanish Translation

 

Términos y Condiciones

 

Reconocimiento del Plan. Al aceptar
la Opción, el Participante reconoce que ha recibido y revisado una copia del Plan y del Acuerdo. El Participante reconoce, además,
que acepta todas las disposiciones del Plan y del Acuerdo. El Participante también reconoce que ha leído y que concretamente
aprueba de forma expresa los términos y condiciones establecidos en la Sección 9 (“Naturaleza del Otorgamiento”)
del Acuerdo de Acciones Restringidas, que claramente dispone lo siguiente:

 

(1) La participación del Participante
en el Plan no constituye un derecho adquirido;

 

(2) El Plan y la participación
del Participante en el Plan se ofrecen por Workday en su discrecionalidad total;

 

(3) La participación del Participante
en el Plan es voluntaria; y

 

(4) Workday y sus Subsidiarias no son
responsables por ninguna disminución en el valor de las acciones adquiridas al conferir la Opción de Acciones Restringidas.

 

Política Laboral y Reconocimiento.
Al aceptar la Opción de Acciones Restringidas, el Participante expresamente reconoce que Workday, con oficinas registradas en Workday, Inc.,
6110 Stoneridge Mall Road, Pleasanton, California U.S.A., es la única responsable por la administración del Plan y que la
participación del Participante en el Plan y la adquisición de Acciones no constituyen una relación de trabajo entre
el Participante y Workday, ya que el Participante participa en el Plan en un marco totalmente comercial y Workday Mexico S. de R.L. de
C.V. (“Workday Mexico”) es su único patrón. Derivado de lo anterior, el Participante expresamente reconoce
que el Plan y los beneficios que pudieran derivar de la participación en el Plan no establecen derecho alguno entre el Participante
y el patrón, Workday Mexico, y no forma parte de las condiciones de trabajo y/o las prestaciones otorgadas por Workday Mexico,
y que cualquier modificación al Plan o su terminación no constituye un cambio o impedimento de los términos y condiciones
de la relación de trabajo del Participante.

 

    59

     

    

 

Asimismo, el Participante reconoce que su participación
en el Plan es resultado de una decisión unilateral y discrecional de Workday; por lo tanto, Workday se reserva el derecho absoluto
de modificar y/o terminar la participación del Participante en cualquier momento y sin responsabilidad alguna hacia el Participante.

 

Finalmente, el Participante por este medio
declara que no se reserva ningun derecho o acción que ejercitar en contra de Workday por cualquier compensación o daños
y perjuicios en relación de las disposiciones del Plan o de los beneficios derivados del Plan, y por lo tanto, el Participante
exime amplia y completamente a Workday, y sus afiliadas, subsidiarias, sucursales, oficinas de representación, accionistas, directores,
autoridades, empleados, agentes, o representantes legales de cualquier demanda que pudiera surgir.

 

Notifications

 

Securities Law Information. The Option
granted and any Shares acquired under the Plan have not been registered with the National Register of Securities maintained by the Mexican
National Banking and Securities Commission and cannot be offered or sold publicly in Mexico. In addition, the Plan, this Option Agreement
and any other document relating to the Option may not be publicly distributed in Mexico. These materials are addressed to Participant
because of his or her existing relationship with Workday and/or any Parent or Subsidiary or Affiliate, and these materials should not
be reproduced or copied in any form. The offer contained in these materials does not constitute a public offering of securities, but rather
constitutes a private placement of securities addressed specifically to individuals who are present Employees of the Employer made in
accordance with the provisions of the Mexican Securities Market Law, and any rights under such offering shall not be assigned or transferred.

 

NETHERLANDS

 

There are no country-specific provisions.

 

NEW ZEALAND

 

Notifications

 

Securities Law Information. WARNING:
Participant is being granted an Option which allows Participant to acquire Shares in accordance with the terms of this Option Agreement
and the Plan. The Shares, if issued, will give Participant a stake in the ownership of Workday. Participant may receive a return if dividends
are paid.

 

If Workday runs into financial difficulties and
is wound up, Participant will be paid only after all other creditors (including holders of preference shares, if any) have been paid.
Participant may lose some or all of Participant’s investment, if any.

 

New Zealand law normally requires people who offer
financial products to give information to investors before they invest. This information is designed to help investors to make an informed
decision. The usual rules do not apply to this offer because it is made under an employee share purchase scheme. As a result, Participant
may not be given all the information usually required. Participant will also have fewer other legal protections for this investment.

 

The Shares are quoted on the Nasdaq Global Select
Market ("Nasdaq"). This means that if Participant acquires Shares, Participant may be able to sell the Shares
on the Nasdaq if there are interested buyers. Participant may get less than he or she invested. The price will depend on the demand for
the Shares.

 

    60

     

    

 

For a copy of Workday’s most recent financial
statements (and, where applicable, a copy of the auditor’s report on those financial statements), as well as information on risk
factors impacting Workday’s business that may affect the value of the Shares, Participant should refer to the risk factors discussion
in Workday’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are filed with the U.S. Securities
and Exchange Commission and are available online at www.sec.gov, as well as on Workday’s website at http://www.workday.com/en-us/company/investor-relations/sec-filings.html.

 

Participant should ask questions, read all documents
carefully, and seek independent financial advice before participating in the Plan.

 

NORWAY

 

Notifications

 

Foreign Asset/Account Reporting Information.
If Shares are acquired under the Plan, Participant may be subject to foreign asset reporting as part of the ordinary tax return. Norwegian
banks, financial institutions, limited companies, etc. must report certain information to the Tax Administration. Such information
may then be pre-populated in Participant's tax return. However, if Participant has traded, or own, financial instruments (e.g., Shares),
Participant must enter this information in Form RF-1159, which is an appendix to the tax return.

 

POLAND

 

Notifications

 

Exchange Control Information. Polish residents
holding foreign securities (including Shares) and maintaining accounts abroad (including any brokerage account) must report information
to the National Bank of Poland on transactions and balances of the securities and cash deposited in such accounts if the value of such
securities and cash (calculated individually or together with all other assets/liabilities held abroad) exceeds a specified threshold
(currently PLN7,000,000). If required, the reports are due on a quarterly basis on special forms available on the website of the National
Bank of Poland.

 

In addition, any transfer of funds in excess of
a specified threshold (currently €15,000, but if such transfer is connected with business activity of an entrepreneur, PLN15,000)
must be effected through a bank account in Poland. Participant should maintain evidence of such foreign exchange transactions for five
years, in case of a request for their production by the National Bank of Poland.

 

SINGAPORE

 

Notifications

 

Securities Law Information. The grant of
the Option under the Plan is being made pursuant to the “Qualifying Person” exemption under section 273(1)(i) of the
Securities and Futures Act (Cap. 289, Rev Ed 2006) ("SFA"). The Plan has not been, and will not be, lodged or
registered as a prospectus with the Monetary Authority of Singapore. The Option is subject to section 257 of the SFA and Participant should
not make any subsequent sale of Shares in Singapore or any offer of such subsequent sale of Shares in Singapore, unless such sale or offer
is made (a) more than six (6) months after the Date of Grant, (b) pursuant to the exemptions under Part XIII Division
1 Subdivision (4) (other than section 280) of the SFA, or (c) pursuant to, and in accordance with the conditions of, any other
applicable provisions of the SFA. Workday's common stock is currently traded on the Nasdaq Global Select Market in the U.S. under the
ticker symbol “WDAY” and any Shares acquired pursuant to the Option may be sold on this exchange.

 

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Director Notification Obligation. The
directors (including associate directors and shadow directors) of a Singapore Parent, Subsidiary or Affiliate are subject to certain
notification requirements under the Singapore Companies Act. Among these requirements is an obligation to notify such entity in writing
within two business days of any of the following events: (a) the acquisition or disposal of an interest (e.g., options granted
under the Plan or Shares) in Workday or any Parent, Subsidiary or Affiliate, (b) any change in previously-disclosed interests (e.g.,
sale of Shares), or (c) becoming a director, associate director or shadow director of a Parent, Subsidiary or Affiliate in Singapore,
if the individual holds such an interest at that time. These notification requirements apply regardless of whether the directors are
residents of or employed in Singapore.

 

SOUTH AFRICA

 

Terms and Conditions

 

Method of Payment. The following provision
supplements Section 5 of the Option Agreement:

 

Payment of the aggregate Exercise Price must
be made in compliance with applicable exchange control laws.

 

Without limitation to the foregoing, to facilitate
compliance with applicable exchange control laws in South Africa, Workday may require that payment of the aggregate Exercise Price be
made by consideration received by Workday pursuant to a broker-assisted exercise or “same-day sale” or other form of cashless
exercise program implemented by Workday in connection with the Plan.

 

Responsibility for Taxes. The following
provision supplements Section 8 of the Option Agreement:

 

By accepting the Option, Participant agrees to
immediately notify the Employer of the amount of any gain realized upon vesting or exercise of the Option. If Participant fails to advise
the Employer of the gain realized upon vesting or exercise of the Option, then he or she may be liable for a fine. Participant will be
solely responsible for paying the difference between the actual tax liability and the amount withheld by Workday or the Employer.

 

Notifications

 

Securities Law Information. In compliance
with South African securities law, the documents listed below are available for Participant’s review on Workday’s website
at https://www.workday.com/en-us/company/investor-relations.html and on Workday’s intranet, respectively:

 

		1.	Workday’s most recent annual financial
                                            statements; and

 

		2.	Workday’s most recent Plan prospectus.

 

A copy of the above documents will be sent to
Participant free of charge on written request to Workday’s Global Stock Administration by logging a People Guide Request in Service
Hub.

 

Participant should carefully read the materials
provided before making a decision whether to participate in the Plan.

 

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Exchange Control Information. Participant
is solely responsible for complying with applicable South African exchange control regulations. As the exchange control regulations are
subject to change, Participant should consult Participant’s legal advisor prior to the acquisition or sale of Shares acquired under
the Plan to ensure compliance with current regulations.

 

SOUTH KOREA

 

Notifications

 

Foreign Asset/Account Reporting Information.
Korean residents must declare all foreign financial accounts (i.e., non-Korean bank accounts, brokerage accounts, etc.) to
the Korean tax authority and file a report with respect to such accounts if the monthly balance of such accounts exceeds KRW 500 million
(or an equivalent amount in foreign currency) on any month-end date during a calendar year.

 

SPAIN

 

Terms and Conditions

 

Nature of Grant. This provision supplements
Section 8 of the Option Agreement:

 

By accepting the Option, Participant consents
to participating in the Plan and acknowledges that he or she has received a copy of the Plan.

 

Participant understands that Workday has unilaterally,
gratuitously and discretionally decided to grant options under the Plan to individuals who may be Employees, Consultants, Directors or
Non-Employee Directors of Workday or any Parent or Subsidiary throughout the world. The decision is a limited decision that is entered
into upon the express assumption and condition that any grant will not economically or otherwise bind Workday or any Parent or Subsidiary.
Consequently, Participant understands that this Option is granted on the assumption and condition that the Option and any Shares acquired
at vesting or exercise of the Option are not part of any employment or service agreement (either with Workday or any Parent or Subsidiary)
and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever.

 

In addition, Participant understands that the
Option would not be granted to Participant but for the assumptions and conditions referred to herein; thus, Participant acknowledges
and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then
any grant of or right to the Option shall be null and void.

 

Further, Participant acknowledges, understands
and agrees that Participant will not be entitled to exercise or continue vesting in any Options once Participant’s employment or
service Terminates. This will be the case, for example, even in the event of a Termination of a Participant by reason of, including,
but not limited to: resignation, retirement, disciplinary dismissal adjudged to be with cause or adjudged/recognized to be without good
cause (i.e., subject to a “despido improcedente”), individual or collective dismissal on objective grounds,
whether adjudged and/or recognized to be with or without cause, material modification of the terms of employment or service under Article 41
of the Workers’ Statute, relocation under Article 40 of the Workers’ Statue, Article 50 of the Workers’ Statue,
unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985.

 

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Notifications

 

Securities Law Information. The Option
does not qualify under Spanish law as securities. No “offer to the public,” as defined under Spanish Law, has taken place
or will take place in the Spanish territory. The Plan, this Option Agreement and any other Option grant documents have not been nor will
they be registered with the Comisión Nacional del Mercado de Valores (Spanish Securities Exchange Commission), and do not
constitute a public offering prospectus.

 

Exchange Control Information. Participant
must declare the acquisition, ownership and sale of Shares to the Spanish Dirección General de Comercio e Inversiones (the
 “DGCI”), the Bureau for Commerce and Investments, which is a department of the Ministry of Industry, Trade
and Tourism, for statistical purposes. Generally, the declaration must be filed in January for Shares owned as of December 31
of the prior year on a Form D-6; however, if the value of the Shares purchased under the Plan or sold exceeds €1,502,530, the
declaration must be filed within one month of the acquisition or sale, as applicable.

 

Further, Participant is required to declare electronically
to the Bank of Spain any securities accounts (including brokerage accounts held abroad), any foreign instruments (e.g., Shares)
and any transactions with non-Spanish residents (including any payments of cash or Shares made to Participant by Workday or any U.S.
brokerage account) if the balances in such accounts together with the value of such instruments as of December 31, or the volume
of transactions with non-Spanish residents during the prior or current year, exceeds €1,000,000.

 

Foreign Asset/Account Reporting Information.
To the extent Participant holds assets (e.g., cash or Shares held in a bank or brokerage account) outside Spain with a value in
excess of €50,000 per type of asset (e.g., cash or Shares) as of December 31 each year, Participant is required to report
information on such rights and assets on his or her tax return for such year. After such rights or assets are initially reported, the
reporting obligation will only apply for subsequent years if the value of any previously-reported rights or assets increases by more
than €20,000. The reporting must be completed by March 31 following the end of the relevant tax year.

 

SWEDEN

 

Terms and Conditions

 

Authorization to Withhold. This provision
supplements Section 8 of the Option Agreement.

 

Without limiting Workday’s and the Employer’s
authority to satisfy their withholding obligations for Tax-Related Items as set forth in Section 8 of the Option Agreement, in accepting
the grant of the Option, Participant authorizes Workday and/or the Employer to withhold Shares or to sell Shares otherwise deliverable
to Participant upon vesting/exercise to satisfy Tax-Related Items, regardless of whether Workday and/or the Employer have an obligation
to withhold such Tax-Related Items.

 

SWITZERLAND

 

Notifications

 

Securities Law Information. Neither this
document nor any materials relating to the Shares (a) constitutes a prospectus according to articles 35 et seq. of the Swiss Federal
Act on Financial Services (“FinSA”), (b) may be publicly distributed or otherwise made publicly available
in Switzerland to any person other than an employee of Workday or one of its Parents, Subsidiaries or Affiliates, and (c) has been
or will be filed with, approved or supervised by any Swiss reviewing body according to Article 51 of FinSA or any Swiss regulatory
authority (in particular, the Swiss Financial Supervisory Authority (FINMA)).

 

Foreign Asset/Account Reporting Information.
Participant is required to declare all foreign bank and brokerage accounts in which cash or securities are held, including the accounts
that were opened and/or closed during the tax year, as well as any other assets, on an annual basis on the tax return (Wertschriftenverzeichnis).

 

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TAIWAN

 

Notifications

 

Securities Law Information. The offer
of participation in the Plan is available only to eligible Employees. The offer of participation in the Plan is not a public offer of
securities by a Taiwanese company. Therefore, it is exempt from registration in Taiwan.

 

Exchange Control Information. Taiwanese
residents may acquire and remit foreign currency in relation to the Plan into Taiwan through an authorized foreign exchange bank in an
amount of up to USD 5 million per year. If the transaction amount is TWD 500,000 or more in a single transaction, a foreign exchange
transaction form and other supporting documentation may need to be submitted to the remitting bank.

 

THAILAND

 

Terms and Conditions

 

Method of Payment. The following provision
supplements Section 5 of the Option Agreement:

 

Payment of the aggregate Exercise Price must
be made in compliance with applicable exchange control laws.

 

Without limitation to the foregoing, to facilitate
compliance with applicable exchange control laws in Thailand, Workday may require that payment of the aggregate Exercise Price be made
by consideration received by Workday pursuant to a broker-assisted exercise or “same-day sale” or other form of cashless
exercise program implemented by Workday in connection with the Plan.

 

Notifications

 

Exchange Control Information. Unless Participant
can rely on any applicable exemptions, he or she must repatriate any funds received from participating in the Plan (such as proceeds
from the sale of Shares and cash dividends received in relation to the Shares) to Thailand immediately upon receipt if the amount of
funds received in a single transaction is US$1,000,000 or more. Participant must then either convert the funds to Thai Baht or deposit
the funds in a foreign currency deposit account maintained by a bank in Thailand within 360 days of remitting the funds to Thailand.
In addition, the details of the foreign currency transaction, including Participant’s identification information and the purpose
of the transaction, must be provided to the authorized agent.

 

If Participant does not comply with this obligation,
Participant may be subject to penalties assessed by the Bank of Thailand. Because exchange control regulations change frequently and
without notice, Participant should consult a legal advisor before selling Shares to ensure compliance with current regulations. It is
Participant’s responsibility to comply with exchange control laws in Thailand, and neither Workday nor the Employer will be liable
for any fines or penalties resulting from Participant’s failure to comply with applicable laws.

 

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UNITED
KINGDOM

 

Terms and Conditions

 

Responsibility for Taxes. This provision
supplements Section 8 of the Option Agreement:

 

Without limitation to Section 8 of the Option
Agreement, Participant agrees that Participant is liable for all Tax-Related Items and hereby covenants to pay all such Tax-Related Items,
as and when requested by Workday or the Employer or by Her Majesty’s Revenue and Customs (“HMRC”) (or
any other tax authority or any other relevant authority). Participant also agrees to indemnify and keep indemnified Workday and the Employer
against any Tax-Related Items that they are required to pay or withhold or have paid or will pay to HMRC (or any other tax authority
or any other relevant authority) on Participant’s behalf.

 

Notwithstanding the foregoing, if Participant
is a director or executive officer of Workday (within the meaning of Section 13(k) of the Exchange Act), the terms of the immediately
foregoing provision will not apply. In the event that Participant is a director or executive officer and income tax is not collected
from or paid by Participant within ninety (90) days of the end of the U.K. tax year in which an event giving rise to the indemnification
described above occurs, the amount of any uncollected income tax may constitute a benefit to Participant on which additional income tax
and national insurance contributions (“NICs”) may be payable.
Participant understands that Participant will be responsible for reporting any income tax due on this additional benefit directly to
HMRC under the self-assessment regime and for paying Workday or the Employer (as applicable) for the value of any employee NICs due on
this additional benefit, which Workday or the Employer may obtain from Participant by any of the means referred to in the Plan or Section 8
of the Option Agreement.

 

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WORKDAY, INC. 

2022
Equity Incentive Plan 

GLOBAL NOTICE OF PERFORMANCE RESTRICTED STOCK
UNIT AWARD1

 

Unless otherwise defined herein, the terms defined in the Workday, Inc. (“Workday”) 2022 Equity
Incentive Plan (the “Plan”) will have the same meanings in this Global Notice of Performance Restricted Stock
Unit Award and the electronic representation of this Global Notice of Performance Restricted Stock Unit Award and the performance and
vesting terms set forth in the Vesting Appendix attached hereto (the “Vesting Appendix”) established and maintained by Workday
or a third party designated by Workday (the Global Notice of Performance Restricted Stock Unit Award and the Vesting Appendix are collectively
referred to as the “Notice”).

 

	Name:	 	 
	Address:	 	 

 

You (“Participant”)
have been granted an award of performance-based Restricted Stock Units (“RSUs”) under the Plan subject to the
terms and conditions of the Plan, this Notice and the attached Global Performance Restricted Stock Unit Award Agreement (the “Agreement”),
including any applicable jurisdiction-specific provisions in the appendices attached hereto (the “Appendices”),
which constitute part of the Agreement.

 

	Grant Number:	 	 
	Number of RSUs:	 	 
	Date of Grant:	 	 
	Vesting Commencement Date:	 	 
	Vesting Schedule:	 	Subject to the limitations set forth in this Notice, the Plan and the Agreement the RSUs will vest
    as set forth in the Vesting Appendix.
	Expiration Date:	 	The earlier to occur of: (a) the date on which settlement of all RSUs granted hereunder occurs
    and (b) the tenth anniversary of the Date of Grant. This RSU expires earlier if Participant’s Service terminates earlier,
    as described in the Agreement.

 

By accepting (whether in writing, electronically or otherwise) the
RSUs, Participant acknowledges and agrees to the following:

 

		1)	Participant understands that Participant’s
                                            service with Workday or a Parent or Subsidiary or Affiliate is for an unspecified duration,
                                            can be terminated at any time (i.e., is “at-will”), subject to applicable
                                            law and/or employment or service agreement, and that nothing in this Notice, the Agreement
                                            or the Plan changes the nature of that relationship. Participant acknowledges that the vesting
                                            of the RSUs pursuant to this Notice is earned only by both achievement of the performance
                                            metrics set forth in the Vesting Appendix and continuing service as an Employee, Director
                                            or Consultant. If Participant’s service is Terminated for any reason (regardless of
                                            whether the termination is in breach of employment laws in the jurisdiction where Participant
                                            is employed or is later found to be invalid), such Termination will be considered effective
                                            on the date Participant ceases to provide services to Workday or one of its Parents, Subsidiaries
                                            or Affiliates and, unless explicitly required by applicable legislation or determined by
                                            Workday, or in the case of Insiders, the Committee, Participant's period of service for purposes
                                            of the RSUs will not be extended by any notice period or garden leave mandated under employment
                                            laws in the jurisdiction where Participant is employed or the terms of Participant’s
                                            employment agreement. Unless otherwise expressly provided in the Plan or the Agreement or
                                            determined by the Committee, Participant’s right to vest in the RSUs under the Plan,
                                            if any, will terminate as of such date. To the extent permitted by applicable law, Participant
                                            agrees and acknowledges that the Vesting Schedule may change prospectively in the event that
                                            Participant’s service status changes between full- and part-time and/or in the event
                                            Participant is on a leave of absence, in accordance with Workday policies relating to work
                                            schedules and vesting of Awards or as determined by the Committee.

 

 

1
The specific information provided in this Notice may be delivered in electronic form.

 

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		2)	This grant is made under and governed
                                            by the Plan, the Agreement and this Notice, and this Notice is subject to the terms and conditions
                                            of the Agreement and the Plan, both of which are incorporated herein by reference. Participant
                                            has read the Notice, the Agreement, and the Plan.

		3)	Participant has read Workday’s
                                            Insider Trading Policy, and agrees to comply with such policy, as it may be amended from
                                            time to time, whenever Participant acquires, disposes of, or otherwise transacts in Workday’s
                                            securities.

		4)	By accepting the RSUs, Participant consents
                                            to electronic delivery and participation as set forth in the Agreement.

 

If you wish to decline your RSUs, you
should promptly notify our Stock Plan Administrator at stock.admin@workday.com. If you do not provide such notification within thirty
(30) days after the Date of Grant, you will be deemed to have accepted your RSUs on the terms and conditions set forth herein.

 

    68

     

    

 

VESTING
APPENDIX

 

[Insert
applicable performance metrics and vesting schedule.]

 

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WORKDAY, INC.

2022 EQUITY INCENTIVE PLAN

Global Performance RESTRICTED STOCK UNIT AWARD AGREEMENT

 

The Compensation Committee of the Board of Directors
(the “Committee”) of Workday, Inc. (“Workday”) has granted to Participant a
performance-based Restricted Stock Unit Award (“RSU”) under Workday’s 2022 Equity Incentive Plan (the
 “Plan”). Unless otherwise defined herein, the terms defined in the Plan will have the same defined meanings
in this Global Performance Restricted Stock Unit Award Agreement (the “Agreement”) and the electronic representation
of the Global Notice of Performance Restricted Stock Unit Award established and maintained by Workday, or a third party designated by
Workday, including the Vesting Appendix attached thereto (the “Notice”). The RSU is subject to the terms, restrictions
and conditions of the Plan, the Notice and this Agreement, including any applicable jurisdiction-specific provisions in the appendices
attached hereto (the “Appendices”), which constitute part of this Agreement. In the event of a conflict between
the terms and conditions of the Plan and the terms and conditions of the Notice or this Agreement, the terms and conditions of the Plan
will prevail.

 

1.              Terms.
The number of RSUs provided by the Award and the applicable Vesting Schedule(s) are set forth in the Notice. Subject to the
applicable provisions of the Plan and this Agreement and Workday’s Vesting Acceleration Policy for Death and Permanent Disability,
as may be amended from time to time, Participant’s RSU shall vest provided he or she provides continuous service to Workday or
its Subsidiaries during the Vesting Schedule(s).

 

2.              Settlement.
Settlement of RSUs will be made within the calendar year in which the applicable date of vesting under the Vesting Schedule(s) set
forth in the Notice occurs or, if later, the fifteen (15th) day of the third (3rd)
calendar month following the date of vesting (provided that the Employee will not be permitted, directly or indirectly, to designate
the taxable year of the payment). Settlement of RSUs will be in Shares. No fractional RSUs or rights for fractional Shares will
be created pursuant to this Agreement.

 

3.              No
Stockholder Rights. Unless and until such time as Shares are issued in settlement of vested RSUs, Participant will have no ownership
of the Shares allocated to the RSUs and will have no right to dividends or to vote such Shares.

 

4.              Dividend
Equivalents. Dividends, if any (whether in cash or Shares), will not be credited to Participant.

 

5.              Non-Transferability
of RSUs. The RSUs and any interest therein will not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed
of in any manner other than by will or by the laws of descent or distribution or unless otherwise permitted by the Committee on a case-by-case
basis.

 

6.              Termination.

 

(a)            General
Termination. If Participant’s service Terminates for any reason, all unvested RSUs will be forfeited to Workday forthwith
without payment of any consideration to Participant, and all rights of Participant to such RSUs will immediately terminate (unless determined
otherwise by the Committee and regardless of the reason for such Termination and whether or not later found to be invalid or in breach
of employment laws in the jurisdiction where Participant is providing services or the terms of Participant’s employment or service
agreement, if any). Workday, or in the case of Insiders, the Committee will have sole discretion to determine whether a Participant has
ceased to provide services for purposes of the Plan and the effective date on which the Participant ceased to provide services (the “Termination
Date”), as provided in the Plan. For purposes of the RSUs, the Termination Date will be the date Participant ceases to
provide services to Workday or one of its Parents, Subsidiaries or Affiliates and, unless explicitly required by applicable legislation
or determined by Workday, or in the case of Insiders, the Committee, Participant's period of service for purposes of the RSUs will not
be extended by any notice period or garden leave mandated under employment laws in the jurisdiction where Participant is employed or
the terms of Participant’s employment agreement.

 

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(b)            Change
in Service Status. Participant acknowledges and agrees that the Vesting Schedule(s) may change prospectively in the event
Participant’s service status changes between full- and part-time and/or in the event Participant is on a leave of absence, in accordance
with Workday policies relating to work schedules and vesting of Awards or as determined by the Committee. A change in status from an
Employee to a Consultant or a Non-Employee Director (or vice versa) will not result in a Termination, unless otherwise determined by
the Committee.

 

7.            Responsibility
for Taxes. Participant acknowledges that, regardless of any action taken by Workday or, if different, Participant’s employer
(the “Employer”) the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits
tax, payment on account or other tax-related items related to Participant’s participation in the Plan and legally applicable or
deemed applicable to Participant (“Tax-Related Items”), is and remains Participant’s responsibility and
may exceed the amount, if any, actually withheld by Workday or the Employer. Participant further acknowledges that Workday and/or the
Employer (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect
of the RSUs, including, but not limited to, the grant, vesting or settlement of the RSUs and the subsequent sale of Shares acquired pursuant
to such settlement and the receipt of any dividends; and (2) do not commit to and are under no obligation to structure the terms
of the grant or any aspect of the RSUs to reduce or eliminate Participant’s liability for Tax-Related Items or achieve any particular
tax result. Further, if Participant is subject to Tax-Related Items in more than one jurisdiction, Participant acknowledges that Workday
and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one
jurisdiction. PARTICIPANT SHOULD CONSULT A TAX ADVISER APPROPRIATELY QUALIFIED IN THE JURISDICTIONS(S) IN WHICH PARTICIPANT RESIDES
OR IS OTHERWISE SUBJECT TO TAXATION.

 

Prior to any relevant taxable or tax withholding
event, as applicable, to the extent permitted by applicable law, Participant agrees to make arrangements satisfactory to Workday and/or
the Employer to satisfy all Tax-Related Items. In this regard, Participant authorizes Workday and/or the Employer, or their respective
agents, at their discretion, to satisfy any withholding obligations or rights for all Tax-Related Items, if any, by one or a combination
of the following:

 

(i)            withholding
from proceeds of the sale of Shares acquired upon settlement of the RSUs either through a voluntary sale or through a mandatory sale
arranged by Workday (on Participant’s behalf pursuant to this authorization and without further consent);

 

(ii)           withholding
in Shares to be issued upon settlement of the RSUs;

 

(iii)          withholding
from Participant’s wages or other cash compensation payable to Participant by Workday and/or the Employer or any Parent, Subsidiary
or Affiliate;

 

(iv)           Participant’s
payment of a cash amount (including by check representing readily available funds or a wire transfer); or

 

(v)            any
other arrangement approved by the Committee and permitted under applicable law,

 

in each case, under such rules as may be
established by the Committee and in compliance with this Plan, Workday’s Insider Trading Policy and any 10b5-1 Trading Plan Policy,
if applicable. Notwithstanding the foregoing, if Participant is subject to Section 16 of the Exchange Act, Workday will satisfy
the obligations with regard to all Tax-Related Items by a mandatory sale, unless the Committee shall establish an alternative method
of withholding prior to the taxable or withholding event.

 

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Workday may withhold or account for Tax-Related
Items by considering applicable statutory withholding amounts or other applicable withholding rates in Participant’s jurisdiction(s),
including minimum rates or up to the maximum rates applicable in Participant’s jurisdiction(s). In the event the application of
the withholding rate determined by Workday leads to over-withholding, Participant may receive a refund of any over-withheld amount in
cash from Workday or the Employer (and will have no entitlement to the equivalent value in Shares) or, if not refunded by Workday or
the Employer, Participant may be able to seek a refund from the applicable tax authority. In the event of under-withholding by Workday
or the Employer for any reason, Participant may be required to pay any additional Tax-Related Items directly to the applicable tax authority.
If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, Participant will be deemed to have been
issued the full number of Shares subject to the vested RSUs, notwithstanding that a number of the Shares are held back solely for the
purpose of satisfying the withholding obligation for Tax-Related Items. Unless otherwise required by applicable law or otherwise determined
by the Committee, the Fair Market Value of these Shares, determined as of the effective date when taxes otherwise would have been withheld
in cash, will be applied as a credit against the Tax-Related Items withholding.

 

Finally, Participant agrees to pay to Workday
or the Employer any amount of Tax-Related Items that Workday or the Employer may be required to withhold or account for as a result of
Participant’s participation in the Plan that cannot be satisfied by the means previously described. Workday may refuse to issue
or deliver the Shares or the proceeds of the sale of Shares, if Participant fails to comply with Participant’s obligations in connection
with the Tax-Related Items.

 

8.              Nature
of Grant. By accepting the RSUs (whether in writing, electronically or otherwise), Participant acknowledges, understands and
agrees that:

 

(a)            the
Plan is established voluntarily by Workday, it is discretionary in nature and it may be modified, amended, suspended or terminated by
Workday at any time, to the extent permitted by the Plan;

 

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

 

(c)            all
decisions with respect to future RSU or other grants, if any, will be at the sole discretion of Workday;

 

(d)            the
RSU grant and Participant’s participation in the Plan will not create a right to employment or be interpreted as forming or amending
an employment or services contract with Workday, the Employer or any Parent, Subsidiary or Affiliate and shall not interfere with any
ability Workday, the Employer or any Parent, Subsidiary or Affiliate, as applicable, may have to Terminate Participant’s employment
or service;

 

(e)            Participant
is voluntarily participating in the Plan;

 

(f)            the
RSUs and the Shares subject to the RSUs and the income from and value of same are not intended to replace any pension rights or compensation;

 

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(g)            the
RSUs and the Shares subject to the RSUs, and the income from and value of same, are not part of normal or expected compensation for any
purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments,
bonuses, holiday pay, long-service awards, pension or retirement or welfare benefits or similar mandatory payments;

 

(h)            the
future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty;

 

(i)            no
claim or entitlement to compensation or damages will arise from forfeiture of the RSUs resulting from (1) the application of any
compensation recovery or clawback policy adopted by Workday or otherwise required by law, or (2) Participant’s Termination
(regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction
where Participant is employed or the terms of Participant’s employment agreement, if any);

 

(j)            unless
otherwise provided in the Plan or by Workday in its discretion, the RSUs and the benefits evidenced by this Agreement do not create any
entitlement to have the RSUs or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted
for, in connection with any Corporate Transaction affecting the Shares;

 

(k)            unless
otherwise agreed with Workday, the RSUs and the underlying Shares, and the income from and value of same, are not granted as consideration
for, or in connection with, the service Participant may provide as a director of a Subsidiary, Parent and Affiliate; and

 

(l)            neither
Workday, the Employer nor any Parent, Subsidiary or Affiliate will be liable for any foreign exchange rate fluctuation between Participant’s
local currency and the United States Dollar that may affect the value of the RSUs or of any amounts due to Participant pursuant to the
settlement of the RSUs or the subsequent sale of any Shares acquired upon settlement.

 

9.            No
Advice Regarding Grant. Workday is not providing any tax, legal or financial advice, nor is Workday making any recommendations
regarding Participant’s participation in the Plan, or Participant’s acquisition or sale of the underlying Shares. Participant
acknowledges, understands and agrees that Participant should consult with his or her own personal tax, legal and financial advisors regarding
his or her participation in the Plan before taking any action related to the Plan.

 

10.            Language.
Participant acknowledges and represents that he or she is proficient in the English language or has consulted with an advisor who
is sufficiently proficient in English, as to allow Participant to understand the terms of this Agreement, including the Appendix and
any other documents related to the Plan. If Participant has received this Agreement or any other document related to the Plan translated
into a language other than English and if the meaning of the translated version is different than the English version, the English version
will control.

 

11.            Jurisdiction-Specific
Provisions. Notwithstanding any provisions in this Agreement, the RSU grant will be subject to any special terms and conditions
for Participant’s jurisdiction set forth in the Appendices. Moreover, if Participant relocates to one of the jurisdictions included
in the Appendices, the special terms and conditions for such jurisdiction will apply to Participant, to the extent Workday determines
that the application of such terms and conditions is necessary or advisable for legal or administrative reasons. The Appendices constitute
part of this Agreement.

 

12.            Imposition
of Other Requirements. Workday reserves the right to impose other requirements on Participant’s participation in the Plan,
on the RSUs and on any Shares acquired under the Plan, to the extent Workday determines it is necessary or advisable for legal or administrative
reasons, and to require Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

 

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13.            Entire
Agreement; Enforcement of Rights. This Agreement, the Plan and the Notice constitute the entire agreement and understanding of
the parties relating to the subject matter herein and supersede all prior discussions between them. Any prior agreements, commitments
or negotiations concerning the purchase of the Shares hereunder are superseded. No adverse modification of or adverse amendment to this
Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing and signed by the parties to this Agreement
(which writing and signing may be electronic). The failure by either party to enforce any rights under this Agreement will not be construed
as a waiver of any rights of such party.

 

14.            Compliance
with Laws and Regulations. The issuance of Shares will be subject to and conditioned upon compliance by Workday and Participant
with all applicable U.S. and non-U.S. local, state and federal laws and regulations and with all applicable requirements of any stock
exchange or automated quotation system on which Workday’s Common Stock may be listed or quoted at the time of such issuance or
transfer. Participant understands that Workday is under no obligation to register or qualify the Shares with any U.S. state or federal
or any non-U.S. securities commission or to seek approval or clearance from any governmental authority for the issuance or sale of the
Shares. Further, Participant agrees that Workday shall have unilateral authority to amend the Plan and this Agreement without Participant’s
consent to the extent necessary to comply with securities or other laws applicable to issuance of Shares. Finally, the Shares issued
pursuant to this Agreement shall be endorsed with appropriate legends, if any, determined by Workday.

 

15.            Severability.
If one or more provisions of this Agreement are held to be unenforceable under applicable law, such provision(s) will be enforced
to the maximum extent possible given the intent of the parties hereto and the parties agrees to renegotiate any unenforceable provision
in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such unenforceable provision,
then (i) such provision will be excluded from this Agreement, (ii) the balance of this Agreement will be interpreted as if
such provision were so excluded and (iii) the balance of this Agreement will be enforceable in accordance with its terms.

 

16.            Governing
Law and Venue. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto
will be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving effect to such state’s
principles of conflict of laws.

 

Any and all disputes relating to, concerning
or arising from this Agreement, or relating to, concerning or arising from the relationship between the parties evidenced by the Plan
or this Agreement, will be brought and heard exclusively in the United States District Court for the Northern District of California
or the Superior Court of California, Alameda County. Each of the parties hereby represents and agrees that such party is subject to the
personal jurisdiction of said courts; hereby irrevocably consents to the jurisdiction of such courts in any legal or equitable proceedings
related to, concerning or arising from such dispute, and waives, to the fullest extent permitted by law, any objection which such party
may now or hereafter have that the laying of the venue of any legal or equitable proceedings related to, concerning or arising from such
dispute which is brought in such courts is improper or that such proceedings have been brought in an inconvenient forum.

 

17.            No
Rights as Employee, Director or Consultant. Nothing in this Agreement will affect in any manner whatsoever any right or power
Workday, the Employer or any Parent, Subsidiary or Affiliate many have, to terminate Participant’s service, for any reason, with
or without Cause.

 

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18.            Insider
Trading / Market Abuse Laws. Participant may be subject to insider trading restrictions and/or market abuse laws in applicable
jurisdictions, including, but not limited to, the United States and, if different, Participant’s country, which may affect Participant’s
ability to directly or indirectly accept, acquire, sell or otherwise dispose of Shares, rights to Shares (e.g., Restricted Stock
Units) or rights linked to the value of Shares under the Plan during such times as Participant is considered to have “inside information”
regarding Workday (as defined by the laws in the applicable jurisdictions). Local insider trading laws and regulations may prohibit the
cancellation or amendment of orders Participant placed before possessing the inside information. Furthermore, Participant may be prohibited
from (i) disclosing the inside information to any third party, including fellow employees (other than on a “need to know”
basis) and (ii) “tipping” third parties or causing them to otherwise buy or sell securities. Any restrictions under
these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Workday insider
trading policy and/or any Workday 10b5-1 trading plan. Neither Workday nor any Parent, Subsidiary or Affiliate will be responsible for
such restrictions or liable for the failure on Participant’s part to know and abide by such restrictions. Participant should consult
with his or her own personal legal advisers to ensure compliance with local laws. In addition, Participant acknowledges that he or she
read Workday’s Insider Trading Policy, and agrees to comply with such policy, as it may be amended from time to time, whenever
Participant acquires, disposes of, or otherwise transacts in Workday’s securities.

 

19.            Foreign
Asset/Account and Tax Reporting Requirements and Exchange Controls. Participant acknowledges that his or her country may have
certain foreign asset and/or foreign account reporting and/or tax reporting requirements and exchange controls which may affect Participant’s
ability to acquire or hold Shares purchased under the Plan or cash received from participating in the Plan (including from any dividends
paid on or sales proceeds arising from the sale of Shares acquired under the Plan) in a brokerage or bank account outside Participant’s
country. Participant may be required to report such accounts, assets or transactions to the tax or other authorities in his or her country.
Participant also may be required to repatriate sale proceeds or other funds received as a result of his or her participation in the Plan
to Participant’s country through a designated bank or broker and/or within a certain time after receipt. Participant acknowledges
that it is Participant’s responsibility comply with such regulations, and Participant should consult a personal legal advisor for
any details.

 

20.            Code
Section 409A. 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 Internal Revenue Code and the regulations thereunder
(“Section 409A”). Notwithstanding anything else provided herein, to the extent any payments provided under
this Agreement in connection with Participant’s termination of employment constitute deferred compensation subject to Section 409A,
and Participant is deemed at the time of such termination of employment to be a “specified employee” under Section 409A,
then such payment will not be made or commence until the earlier of (i) the expiration of the six-month period measured from Participant’s
separation from service from Workday or (ii) the date of Participant’s death following such a separation from service; provided,
however, that such deferral will only be effected to the extent required to avoid adverse tax treatment to Participant including, without
limitation, the additional tax for which Participant would otherwise be liable under Section 409A(a)(1)(B) in the absence of
such a deferral. To the extent any payment under this Agreement may be classified as a “short-term deferral” within the meaning
of Section 409A, such payment will be deemed a short-term deferral, even if it may also qualify for an exemption from Section 409A
under another provision of Section 409A. Payments pursuant to this section are intended to constitute separate payments for purposes
of Section 1.409A-2(b)(2) of the Treasury Regulations.

 

21.            Award
Subject to Workday Clawback or Recoupment. To the extent permitted by applicable law, the RSUs will be subject to clawback or
recoupment pursuant to any compensation clawback or recoupment policy adopted by the Board or Compensation Committee or required by law
during the term of Participant’s employment or other service that is applicable to Participant. In addition to any other remedies
available under such policy and applicable law, Workday may require the cancellation of Participant’s RSUs (whether vested or unvested)
and the recoupment of any gains realized with respect to Participant’s RSUs.

 

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22.            Acknowledgment;
Consent to Electronic Delivery of All Plan Documents and Disclosures. By Participant’s acceptance (whether in writing,
electronically or otherwise) of the Notice, Participant and Workday agree that the RSUs are granted under and governed by the terms and
conditions of the Plan, the Notice and this Agreement. Participant acknowledges receipt of a copy of the Plan, the Plan prospectus, the
Notice and this Agreement and hereby accepts the RSUs subject to all of the terms and conditions set forth herein and those set forth
in the Plan and the Notice. Participant has reviewed the Plan, the Plan prospectus, the Notice 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, the Plan prospectus, the Notice and this Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions
or interpretations of the Committee upon any questions relating to the Plan, the Notice and this Agreement. Participant further agrees
to notify Workday upon any change in Participant’s residence address.

 

By acceptance of the RSUs, Participant agrees
to participate in the Plan through an on-line or electronic system established and maintained by Workday or a third party designated
by Workday and consents to the electronic delivery of the Notice, this Agreement, the Plan, account statements, Plan prospectuses required
by the U.S. Securities and Exchange Commission, U.S. financial reports of Workday, and all other documents that Workday is required to
deliver to its security holders (including, without limitation, annual reports and proxy statements) or other communications or information
related to the RSUs and current or future participation in the Plan. Electronic delivery may include the delivery of a link to a Workday
intranet or the internet site of a third party involved in administering the Plan, the delivery of the document via e-mail or such other
delivery determined at Workday’s discretion. Participant acknowledges that Participant may receive from Workday a paper copy of
any documents delivered electronically at no cost if Participant contacts Workday by telephone, through a postal service or electronic
mail at Stock Administration. Participant further acknowledges that Participant will be provided with a paper copy of any documents delivered
electronically if electronic delivery fails; similarly, Participant understands that Participant must provide on request to Workday or
any designated third party a paper copy of any documents delivered electronically if electronic delivery fails. Also, Participant understands
that Participant’s consent may be revoked or changed, including any change in the electronic mail address to which documents are
delivered (if Participant has provided an electronic mail address), at any time by notifying Workday of such revised or revoked consent
by telephone, postal service or electronic mail through Stock Administration. Finally, Participant understands that Participant is not
required to consent to electronic delivery.

 

By accepting (whether in writing, electronically
or otherwise) the RSUs, Participant acknowledges and agrees to the following:

 

Participant understands that Participant’s
employment or consulting relationship or service with Workday, Inc. or a Parent, Subsidiary or Affiliate is for an unspecified duration,
can be terminated at any time (i.e., is at will), subject to applicable law and/or employment or service agreement, and that nothing
in this Agreement, the Notice or the Plan changes the nature of that relationship. Participant acknowledges that the vesting of the RSUs
pursuant to this Notice is earned only by continuing service as an Employee, Director or Consultant. Participant also understands that
this Agreement is subject to the terms and conditions of both the Notice and the Plan, both of which are incorporated herein by reference.
Participant has read the Agreement, the Notice and the Plan. By accepting the RSUs, Participant consents to the electronic delivery as
set forth in this Agreement.

 

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WORKDAY, INC. 

 

 

By: Aneel Bhusri 

Title: Co-founder, Co-Chief Executive Officer and Director

 

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APPENDIX A

 

WORKDAY, INC.

2022 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

 

DATA
PRIVACY PROVISIONS FOR EMPLOYEES OUTSIDE THE UNITED STATES

 

PART 1 - EUROPEAN
UNION, EUROPEAN ECONOMIC AREA, SWITZERLAND AND UNITED KINGDOM

 

Data Privacy Notice.

 

(a)            Data
Collection and Usage. Workday and any Parent, Subsidiary, or Affiliate, including the Employer, may control, collect, process and
use certain information, including, but not limited to, Participant’s name, home address and telephone number, email address, date
of birth, social insurance, passport or other identification number, salary, nationality, job title, any Shares or directorships held
in Workday, details of all restricted stock units or any other entitlement to Shares or equivalent benefits awarded, canceled, exercised,
vested, unvested or outstanding in Participant’s favor, for the purposes of implementing, administering and managing the Plan.
Processing of personal data for Plan purposes will be necessary for the performance of the Agreement or in the legitimate interests of
Workday, the Employer, any Parent, Subsidiary, Affiliate or a third party which are not overridden by Participant privacy rights, interests
or freedoms on balance.

 

(b)            Stock
Plan Administration Service Providers. Workday transfers relevant Plan information, including Participant personal data to E*Trade
Financial Corporate Services, Inc. and E*Trade Securities LLC (collectively, “E*Trade”), an independent service provider
based in the United States, which is assisting Workday with the implementation, administration and management of the Plan. Workday may
select a different service provider or additional service providers and share information including personal data with such other provider(s) serving
in a similar manner. Participant may be asked to agree on separate terms or acknowledge data processing practices with the service provider,
with such agreement or practice being a condition to the ability to participate in the Plan.

 

(c)            International
Data Transfers. Workday, E*Trade and relevant service providers are based in the United States. Personal data will be processed in
the United States and other international locations in connection with global operations from time to time. Participant’s jurisdiction
may have different data privacy laws. To protect data privacy rights, Workday maintains a program to implement international data transfer
safeguards, this may include entering approved standard contractual clauses with data importers where required by Participant’s
local jurisdiction laws.

 

(d)            Data
Retention. Personal data will be processed only as long as is necessary to implement, administer and manage Participant’s participation
in the Plan, or as required to comply with legal or regulatory obligations, including under tax securities, exchange control and labor
laws. This period may extend beyond when Participant’s service Terminates. When Workday no longer needs personal data, Workday
will remove it from its systems to the fullest extent reasonably practicable. If Workday keeps personal data longer, it would be to satisfy
legal or regulatory obligations and Workday’s legal basis, where required, would include the relevant laws or regulations.

 

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(e)            Data
Subject Rights. Participant may have a number of rights under data privacy laws in Participant’s jurisdiction. Depending on
where Participant is based and relevant data privacy laws regulating the processing activity, such rights may include the right to (i) request
access or copies of personal data Workday processes, including a summary of processing activities and recipient categories, (ii) rectification,
(iii) deletion or erasure, (iv) restrictions on processing, (v) portability and/or (vi) lodge complaints with competent
authorities in Participant’s jurisdiction. To receive clarification regarding this data privacy notice, these rights or to exercise
applicable rights in relation to the personal data processed by Workday, Participant can make an electronic request via Workday’s
Privacy Portal or write to the office address specified in Workday’s Employment Privacy Statement.

 

(f)            Workday’s
Employment Privacy Statement. Further information on Workday’s data privacy practices can be found within Workday’s Employment
Privacy Statement which supplements this data privacy notice.

 

PART 2 - COUNTRIES OUTSIDE THE EUROPEAN UNION, EUROPEAN
ECONOMIC AREA, SWITZERLAND AND UNITED KINGDOM

 

Data Privacy Notice and Consent.

 

(a)            Data
Collection and Usage. Workday and any Parent, Subsidiary, or Affiliate, including the Employer, may collect, process and use certain
personal information about Participant, including, but not limited to, Participant’s name, home address and telephone number, email
address, date of birth, social insurance, passport or other identification number, salary, nationality, job title, any Shares or directorships
held in Workday, details of all restricted stock units or any other entitlement to Shares or equivalent benefits awarded, canceled, exercised,
vested, unvested or outstanding in Participant’s favor (“Data”), for the purposes of implementing, administering and
managing the Plan. The legal basis, where required, for the processing of Data is Participant’s consent.

 

(b)            Stock
Plan Administration Service Providers. Workday transfers Data to E*Trade Financial Corporate Services, Inc. and E*Trade Securities
LLC (collectively, “E*Trade”), an independent service provider based in the United States, which is assisting Workday with
the implementation, administration and management of the Plan. Workday may select a different service provider or additional service
providers and share Data with such other provider(s) serving in a similar manner. Participant may be asked to agree on separate
terms and data processing practices with the service provider, with such agreement being a condition to the ability to participate in
the Plan.

 

(c)            International
Data Transfers. Workday and its service providers are based in the United States. Participant’s country or jurisdiction may
have different data privacy laws and protections than the United States. Workday’s legal basis, where required, for the transfer
of Data is Participant’s consent.

 

(d)            Data
Retention. Workday will hold and use Data only as long as is necessary to implement, administer and manage Participant’s participation
in the Plan, or as required to comply with legal or regulatory obligations, including under tax securities, exchange control and labor
laws. This period may extend beyond when Participant’s service Terminates. When Workday no longer needs the Data, Workday will
remove it from its systems to the fullest extent reasonably practicable. If Workday keeps Data longer, it would be to satisfy legal or
regulatory obligations and Workday’s legal basis, where required, would be the relevant laws or regulations.

 

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(e)            Voluntariness
and Consequences of Consent Denial or Withdrawal. Participation in the Plan is voluntary and Participant is providing the consents
herein on a purely voluntary basis. If Participant does not consent, or if Participant later seeks to revoke his or her consent, Participant’s
salary from or employment and career with the Employer will not be affected; the only consequence of refusing or withdrawing Participant’s
consent is that Workday would not be able to grant RSUs or other equity awards to Participant or administer or maintain such awards.

 

(f)            Data
Subject Rights. Participant may have a number of rights under data privacy laws in Participant’s jurisdiction. Depending on
where Participant is based, such rights may include the right to (i) request access or copies of Data Workday processes, (ii) rectification
of incorrect Data, (iii) deletion of Data, (iv) restrictions on processing of Data, (v) portability of Data, (vi) lodge
complaints with competent authorities in Participant’s jurisdiction, and/or (vii) receive a list with the names and addresses
of any potential recipients of Data. To receive clarification regarding this data privacy notice, these rights or to exercise applicable
rights in relation to the personal data processed by Workday, Participant can make an electronic request via Workday’s Privacy
Portal or write to the office address specified in Workday’s Employment Privacy Statement.

 

(g)            Workday’s
Employment Privacy Statement. Further information on Workday’s data privacy practices can be found within Workday’s Employment
Privacy Statement which supplements this data privacy notice.

 

By accepting the RSUs and indicating consent
via Workday’s acceptance procedure, Participant is declaring that Participant agrees with the data processing practices described
herein and consents to the collection, processing and use of Data by Workday and the transfer of Data to the recipients mentioned above,
including recipients located in countries which may not provide the same level of protection as Participant's country from a data protection
perspective, for the purposes described above.

 

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APPENDIX
B

 

WORKDAY, INC.

2022 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

 

JURISDICTION-SPECIFIC
PROVISIONS FOR EMPLOYEES OUTSIDE THE U.S.

 

Terms and Conditions

 

This Appendix B includes additional terms and
conditions that govern the RSUs granted to Participant under the Plan if Participant resides and/or works in one of the jurisdictions
below. This Appendix B forms part of the Agreement. Any capitalized term used in this Appendix B without definition will have the meaning
ascribed to it in the Notice, the Agreement or the Plan, as applicable.

 

If Participant is a citizen or resident of a
jurisdiction, or is considered resident of a jurisdiction, other than the one in which Participant is currently working, or Participant
transfers employment and/or residency between jurisdictions after the Date of Grant, Workday will, in its sole discretion, determine
to what extent the additional terms and conditions included herein will apply to Participant under these circumstances.

 

Notifications

 

This Appendix B also includes information relating
to securities laws, exchange control, foreign asset/account reporting requirements and other issues of which Participant should be aware
with respect to Participant’s participation in the Plan. The information is based on the securities, exchange control and other
laws in effect in the respective jurisdictions as of March 2022. Such laws are often complex and change frequently. As a result,
Participant should not rely on the information herein as the only source of information relating to the consequences of Participant’s
participation in the Plan because the information may be out of date at the time that Participant vests in the RSUs or sells Shares acquired
under the Plan.

 

In addition, the information is general in nature
and may not apply to Participant’s particular situation, and Workday is not in a position to assure Participant of any particular
result. Accordingly, Participant should seek appropriate professional advice as to how the relevant laws in Participant’s jurisdiction
may apply to Participant’s situation.

 

Finally, if Participant is a citizen or resident
of a jurisdiction, or is considered resident of a jurisdiction, other than the one in which Participant is currently working, or Participant
transfers employment and/or residency after the Date of Grant, the information contained herein may not apply to Participant in the same
manner.

 

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AUSTRALIA

 

Terms and Conditions

 

Australia Class Order Exemption.
The offer of the RSUs is intended to comply with the provisions of the Corporations Act 2001, Australian Securities & Investments
Commission (“ASIC”) Regulatory Guide 49 and ASIC Class Order CO 14/1000. Additional details are set forth
in the Offer Document for the offer of RSUs to Australian resident Employees below.

 

Notifications

 

Tax Information. The Plan is a plan to
which Subdivision 83A-C of the Income Tax Assessment Act 1997 (Cth) applies (subject to the conditions in the Act).

 

Exchange Control Information. Exchange
control reporting is required for cash transactions exceeding AUD 10,000 and international fund transfers. The Australian bank assisting
with the transaction may file the report on Participant's behalf. If there is no Australian bank involved in the transfer, Participant
will be required to file the report. Participant should consult with his or her personal advisor to ensure proper compliance with
applicable reporting requirements in Australia.

 

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Offer Document

 

Workday is pleased to provide Participant with
this offer to participate in the Plan. This offer sets out information regarding the grant of RSUs to Australian resident Employees.

 

Documents Related to the RSUs

 

In addition to the information set out in the
Agreement, the Participant is also being provided with copies of the following documents:

 

		(a)	the Notice,

		(b)	the Plan,

		(c)	the U.S. Prospectus for the Plan, and

		(d)	the Employee Information Supplement for
                                            Australia

 

(collectively, the “Additional Documents”).

 

The Additional Documents provide further information
to help Participant make an informed investment decision about participating in the Plan. Neither the Plan nor the U.S. prospectus for
the Plan is a prospectus for the purpose of the Corporations Act 2001.

 

Participant should not rely upon any oral statements
made in relation to this offer. Participant should rely only upon the statements contained in the Agreement and the Additional Documents
when considering participation in the Plan.

 

General Information Only

 

The information contained in this offer is
general information only. It is not advice or information that takes into account Participant’s objectives, financial situation
and needs.

 

Participants should consider obtaining their
own financial product advice from an independent person who is licensed by ASIC to give advice about participation in the Plan.

 

Risks of Participating in the Plan

 

Investment in Shares involves a degree of risk.
Participants who elect to participate in the Plan should monitor their participation and consider all risk factors relevant to the acquisition
of Shares under the Plan as set out in the Agreement and the Additional Documents.

 

Participants should have regard to risk factors
relevant to investment in securities generally and, in particular, to the holding of Shares. For example, the price at which the Shares
are quoted on the Nasdaq Global Select Market may increase or decrease due to a number of factors. There is no guarantee that the price
of the Shares will increase. Factors which may affect the price of the Shares include fluctuations in the domestic and international
market for listed stocks, general economic conditions, including interest rates, inflation rates, commodity and oil prices, changes to
government fiscal, monetary or regulatory policies, legislation or regulation, the nature of the markets in which Workday operates and
general operational and business risks.

 

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Additional Risk Factors for Australian
Residents

 

In addition, Participants in Australia should
be aware that the Australian dollar value of any Shares acquired under the Plan will be affected by the U.S. dollar/Australian dollar
exchange rate. Participation in the Plan involves certain risks related to fluctuations in this rate of exchange.

 

Common Stock in a U.S. Corporation

 

Shares of a U.S. corporation are analogous to
ordinary shares of an Australian corporation. Each holder of a Share is entitled to one vote for every Share.

 

Dividends may be paid on the Shares out of any
funds of Workday legally available for dividends at the discretion of the Board.

 

The Shares are traded on the Nasdaq Global Select
Market in the United States of America under the symbol “WDAY”.

 

The Shares are not liable to any further calls
for payment of capital or for other assessment by Workday and have no sinking fund provisions, pre-emptive rights, conversion rights
or redemption provisions.

 

Ascertaining the Market Price of Shares

 

Participants may ascertain the current market
price of the Shares as traded on the Nasdaq Global Select Market at http://www.nasdaq.com under the code “WDAY”. The
Australian dollar equivalent of that price can be obtained at https://www.rba.gov.au/statistics/frequency/exchange-rates.html.

 

This will not be a prediction of what the
market price per Share will be when the RSUs vest or when the Shares are issued or of the applicable exchange rate on the date the RSUs
vest or the date the Shares are issued.

 

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AUSTRIA

 

Notifications

 

Exchange Control Information. If Participant
holds securities (including Shares acquired under the Plan) or cash (including proceeds from the sale of Shares) outside of Austria,
Participant will be required to report certain information to the Austrian National Bank on an annual basis if the value of the shares
as of December 31 meets or exceeds €5,000,000. The deadline for filing the annual report is January 31 of the following
year.

 

In addition, when the Shares are sold or a dividend
is received, Participant may be required to comply with certain exchange control obligations if the cash proceeds from the sale are held
outside of Austria. If the transaction volume of all accounts abroad meets or exceeds €10,000,000, the movement and balances of
all accounts must be reported monthly, as of the last day of the month, on or before the 15th of the following month on the prescribed
form (Meldungen SI-Forderungen und/oder SI-Verpflichtungen).

 

BELGIUM

 

Notifications

 

Foreign Asset/Account Reporting Information.
If Participant is a Belgian resident, Participant is required to report any securities (e.g., Shares acquired under the Plan)
or bank account (including brokerage accounts) held outside Belgium on Participant’s annual tax return. In a separate report, Belgian
residents are required to provide the National Bank of Belgium with the account details of any such foreign accounts (including the account
number, bank name and country in which any such account was opened). This report, as well as additional information on how to complete
it, can be found on the website of the National Bank of Belgium, www.nbb.be.

 

CANADA

 

Terms and Conditions

 

Vesting/Termination. This provision supplements
or replaces, as applicable, the provisions on Termination and Termination Date set forth in Section 1 of the Global Notice of Restricted
Stock Unit Award and Section 6 of the Agreement as well as the “Termination” and “Termination Date” definitions
in Section 29 of the Plan (and, for the avoidance of doubt, the definition of “Termination Date” included herein replaces
the definition of “Termination Date” set forth in Section 6 of the Agreement and Section 29 of the Plan as permitted
by the Plan):

 

Workday, or in the case of Insiders, the Committee
will have sole discretion to determine whether a Participant has ceased to provide services for purposes of the Plan and the effective
date on which the Participant ceased to provide services (the “Termination Date”), as provided in the Plan.
For purposes of the RSUs, the Termination Date will be the date Participant is no longer actually providing services (regardless of the
reason for such termination and whether or not the termination is later found to be invalid or in breach of employment laws in the jurisdiction
where Participant is employed or otherwise rendering services or the terms of Participant’s employment or service agreement, if
any). Unless explicitly required by applicable legislation or determined by Workday, or in the case of
Insiders, the Committee, Participant's period of service for purposes of the RSUs will exclude and will not be extended by any
period during which notice, pay in lieu of notice or related payments or damages are provided or required to be provided under statute,
contract, common/civil law or otherwise. Participant will not earn, or be entitled to earn, any pro-rated vesting for that portion of
time before the date on which Participant’s right to vest terminates, nor will Participant be entitled to any compensation for
lost vesting. Notwithstanding the foregoing, if applicable employment standards legislation explicitly requires continued entitlement
to vesting during a statutory notice period, Participant’s right to vesting of Awards, if any, will terminate effective as of the
last day of Participant’s minimum statutory notice period, but Participant will not earn or be entitled to pro-rated vesting if
the vesting date falls after the end of Participant’s statutory notice period, nor will Participant be entitled to any compensation
for lost vesting.

 

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Settlement.

 

This provision supplements Section 2 of
the Agreement:

 

Notwithstanding any discretion set forth in Section 9.1
of the Plan, settlement of RSUs will be in Shares only, as described herein, and not in cash or a combination of cash and Shares.

 

The following provisions apply to Participants
in Quebec:

 

Data Privacy. The following provision
supplements Part 2 of Appendix A.

 

Participant hereby authorizes Workday and Workday’s
representatives to discuss and obtain all relevant information from all personnel, professional or non-professional, involved with the
administration and operation of the Plan for purposes that relate to the administration of the Plan. Participant further authorizes Workday,
the Employer and/or any other Parent or Subsidiary to disclose and discuss such information with their advisors. Participant acknowledges
and agrees that Participant's personal information, including any sensitive personal information, may be transferred or disclosed outside
of the province of Quebec, including to the U.S. Participant also authorizes Workday, the Employer and/or any other Parent or Subsidiary
to record such information and to keep such information in Participant’s employment file. If applicable, Participant also acknowledges
and authorizes Workday, the Employer and/or any other Subsidiary or Affiliate involved in the administration of the Plan to use technology
for profiling purposes and to make automated decisions that may have an impact on Participant or the administration of the Plan.

 

Language Consent. The parties acknowledge
that it is their express wish that this Agreement, as well as all documents, notices and legal proceedings entered into, given or instituted
pursuant hereto or relating directly or indirectly hereto, be drawn up in English.

 

Consentement Relatif à la Langue
Utilisée. Les parties reconnaissent avoir exigé que cette convention [“Agreement”], ainsi que tous les
documents, avis et procédures judiciaries, éxecutés, donnés ou intentés en vertu de, ou lié
directement ou indirectement à la présente convention, soient rédigés en langue anglaise.

 

Notifications

 

Securities Law Information. Participant
understands he or she is permitted to sell Shares acquired through the Plan through the designated broker appointed under the Plan, if
any, provided the resale of Shares acquired under the Plan takes place outside of Canada through the facilities of a stock exchange on
which the Shares are listed. The Shares are currently listed on the Nasdaq Global Select Market (the “Nasdaq”).

 

Foreign Asset/Account Reporting Information.
Canadian residents are required to report foreign specified property, including Shares and rights to receive Shares (e.g., RSUs),
on form T1135 (Foreign Income Verification Statement) if the total cost of the foreign specified property exceeds C$100,000 at any time
during the year. RSUs must be reported (generally, at a nil cost) if the C$100,000 cost threshold is exceeded because of other foreign
specified property held by Participant. When Shares are acquired, their cost generally is the adjusted cost base (“ACB”)
of the Shares. The ACB would ordinarily equal the fair market value of the Shares at the time of acquisition, but if Participant owns
other Shares, this ACB may have to be averaged with the ACB of the other Shares.

 

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CHINA

 

Terms and Conditions

 

The following provisions govern Participant’s
participation in the Plan only if Participant is subject to exchange control restrictions in the People’s Republic of China (“China”),
as determined by Workday in its sole discretion.

 

Vesting and Settlement Conditions. This
section supplements Sections 1 and 2 of the Agreement:

 

Workday is under no obligation to vest RSUs or
issue Shares unless and until its registration application is approved by the Chinese State Administration of Foreign Exchange (“SAFE”).
Further, at Workday’s discretion, RSUs will not vest and Shares will not be issued if, at the time Participant’s RSUs are
otherwise scheduled to vest, the SAFE registration has become invalid or ceased to be effective for any reason. Further, RSUs will not
vest and the underlying Shares will not be issued unless and until Workday determines that such vesting and issuance of Shares complies
with all relevant laws and regulations.

 

Required Sale of Shares. To facilitate
compliance with exchange control laws in China, Workday may require that any Shares acquired upon the vesting and settlement of RSUs
be immediately sold. Workday is authorized to instruct E*Trade or such other broker as may be selected by Workday to assist with the
mandatory sale of such Shares (on Participant’s behalf pursuant to this authorization), and Participant expressly authorizes such
broker to complete the sale of such Shares. In this regard, Participant agrees to sign any agreements, forms and/or consents that may
be reasonably requested by Workday (or Workday’s designated broker) to effectuate the sale of the Shares (including, without limitation,
with respect to the transfers of the proceeds and other exchange control matters noted below) and otherwise cooperate with Workday on
such matters, provided Participant will not be permitted to exercise any influence over how, when or whether the sales occur. Participant
acknowledges that E*Trade or such other designated broker as may be selected by Workday is under no obligation to arrange for the sale
of the Shares at any particular price.

 

Alternatively, if Workday, in its discretion,
does not exercise its right to require the immediate sale of Shares issuable upon vesting of the RSUs, as described in the preceding
paragraph, any Shares acquired by Participant under the Plan must be sold no later than six months from the date of Termination, or within
any other such time frame as may be permitted by Workday or required by SAFE. Any Shares acquired by Participant under the Plan that
have not been sold within six months of the date of Termination shall be automatically sold by E*Trade or such other broker as may be
selected by Workday pursuant to this authorization and subject to the terms of the preceding paragraph. Upon the sale of the Shares,
Workday agrees to pay the cash proceeds from the sale (less any applicable Tax-Related Items, brokerage fees and commissions) to Participant
in accordance with applicable exchange control laws and regulations including, but not limited to, the restrictions set forth under the
 “Exchange Control Restrictions” section immediately below.

 

Exchange Control Requirements. Any Shares
that Participant acquires at vesting of the RSUs (less amounts required to be withheld to satisfy Tax-Related Items) will be credited
to Participant’s account with E*Trade or such other broker as may be selected by Workday. Participant understands that these Shares
must remain in such account until Participant decides or is required to sell them. Participant understands and agrees that, due to exchange
control laws in China, Participant will be required to immediately repatriate to China any funds received from participating in the Plan
(including cash proceeds from the sale of Shares and any dividends paid on such Shares). Participant further understands that, under
exchange control laws in China, such repatriation of the funds will need to be effected through a special exchange control account established
by Workday, the Employer or another Subsidiary, and Participant hereby consents and agrees that the funds will be transferred to such
special account prior to being delivered to Participant. Participant also understands that Workday will deliver the funds to Participant
as soon as possible, but there may be delays in distributing the funds to Participant due to exchange control requirements in China.
The funds may be paid in U.S. dollars or local currency, at Workday’s discretion. If the funds are paid in U.S. dollars, Participant
understands that Participant may be required to open a U.S. Dollar bank account in China into which the funds can be deposited. If the
funds are converted to local currency, Participant acknowledges that Workday is under no obligation to secure any particular currency
conversion rate, and that it may face delays in converting the funds to local currency. Participant will bear the risk of any currency
conversion rate fluctuation between the date that the Shares are sold (or any other funds are received) and the date of conversion of
the funds to local currency. Participant must comply with any other requirements imposed by Workday in the future in order to facilitate
compliance to the exchange control requirements in China.

 

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CZECH REPUBLIC

 

Notifications

 

Exchange Control Information. Upon request
of the Czech National Bank, Participant may be required to file a report in connection with the RSUs and the opening and maintenance
of a foreign account. However, because exchange control regulations change frequently and without notice, Participant should consult
with his or her personal advisor before vesting of the RSUs and before opening any foreign accounts in connection with the RSUs to ensure
compliance with current regulations. Participant is responsible for complying with applicable Czech exchange control laws.

 

DENMARK

 

Terms and Conditions

 

Danish Stock Option Act. Participant acknowledges
that he or she has received the Employer Statement in Danish which sets forth additional information about the RSUs to the extent that
the Danish Stock Option Act, as amended as of 1 January 2019 (the “Act”), applies.

 

Participant understands that the Act only applies
to “employees” as that term is defined in Section 2 of the Act. If Participant is a member of the registered management
of a Subsidiary in Denmark or otherwise does not satisfy the definition of employee, he or she is not subject to the Act and the Employer
Statement will not apply to him or her.

 

Notifications

 

Foreign Asset/Account Reporting Information.
If the Participant establishes an account holding Shares or cash outside Denmark, the Participant must report the account to the Danish
Tax Administration. The form may be obtained from a local bank.

 

FINLAND

 

There are no country-specific provisions.

 

    88

     

    

 

FRANCE

 

Terms and Conditions

 

Language Consent. By accepting the RSUs,
Participant confirms having read and understood the Plan and this Agreement, which were provided in the English language. Participant
accepts the terms of those documents accordingly.

 

Consentement Relatif à la Langue
Utilisée. En acceptant ces Droits sur des Actions Assujetties à des Restrictions [“RSUs”],
le Participant confirme avoir lu et compris le Plan et le présent Contrat d’Attribution qui ont été transmis
en langue anglaise. Le Participant accepte les termes et conditions de ces documents en connaissance de cause.

 

Notifications

 

Exchange Control Information. The value
of any cash or securities imported to or exported from France without the use of a financial institution must be reported to the customs
and excise authorities when the value of such cash or securities is exceeds a certain threshold. Participant should consult with a
personal legal advisor for further details regarding this requirement.

 

Foreign Asset/Account Reporting Information.
If Participant holds securities (including Shares purchased under the Plan) or maintains a foreign bank account, Participant is required
to report these to the French tax authorities when filing Participant’s annual tax return.

 

GERMANY

 

Notifications

 

Exchange Control Information. Cross border
payments in excess of €12,500 must be reported monthly to the Deutsche Bundesbank. Such reporting obligation might arise
when Shares are issued to Participant and when Shares are subsequently sold by Participant. Participant is responsible for complying
with applicable reporting obligations and should consult with a personal legal advisor on this matter.

 

Foreign Asset/Account Reporting Information.
If Participant’s acquisition of Shares under the Plan leads to a so-called qualified participation at any point during the calendar
year, Participant will need to report the acquisition when he or she files his or her tax return for the relevant year. A qualified participation
is attained if (i) the value of the Shares acquired exceeds EUR 150,000 or (ii) in the unlikely event that Participant holds
Shares exceeding 10% of the total capital of Workday. However, if the Shares are listed on a recognized U.S. stock exchange and Participant
owns less than 1% of Workday, this requirement will not apply to him or her. If applicable, Participant will be responsible for obtaining
the appropriate form from a German federal bank and complying with the reporting obligations.

 

GREECE

 

Foreign Asset/Account Reporting Information. If Participant
acquires Shares under the Plan, Participant must report such foreign assets on Participant's tax return.

 

    89

     

    

 

HONG KONG

 

Terms and Conditions

 

Securities Law Information. WARNING:
The grant of the RSUs under the Plan and the Shares subject to the RSUs do not constitute a public offer of securities under Hong Kong
law and are available only to employees of Workday, its Subsidiaries and any Parent. This Agreement and the Plan and any other incidental
communication materials distributed in connection with the Plan (i) have not been prepared in accordance with and are not intended
to constitute a “prospectus” for a public offering of securities under the applicable securities legislation in Hong Kong,
(ii) have not been reviewed by any regulatory authority in Hong Kong, and (iii) are intended only for the personal use of eligible
employees of Workday, its Subsidiaries and any Parent, and may not be distributed to any other person.

 

Participant is advised to exercise caution
in relation to the right to acquire Shares. If Participant is in any doubt about any of the contents of this Agreement, the Plan or any
other incidental communication materials distributed in connection with the Plan, Participant should obtain independent professional
advice.

 

Sale of Shares. By accepting the RSUs,
Participant agrees that in the event Shares are issued in respect of the RSUs within six months of the Date of Grant, Participant will
not dispose of any Shares acquired prior to the six-month anniversary of the Date of Grant.

 

INDIA

 

Notifications

 

Exchange Control Information. Participants
resident in India are required to repatriate to India any funds received under the Plan within such period of time prescribed under applicable
Indian exchange control regulations, as may be amended from time to time. Upon repatriation, a foreign inward remittance certificate
(“FIRC”) will be issued by the bank where the foreign currency is deposited. The FIRC should be retained as
evidence of the repatriation of funds in the event the Reserve Bank of India or the Employer requests proof of repatriation. It is Participant’s
responsibility to comply with applicable exchange control laws in India.

 

Foreign Asset/Account Reporting Information.
Indian residents must declare the following items in their annual tax returns: (i) any foreign assets held (including Shares acquired
under the Plan), and (ii) any foreign bank accounts for which the resident has signing authority. It is Participant’s responsibility
to comply with applicable tax laws in India. Participant should consult with a personal tax advisor to ensure proper reporting of foreign
assets and bank accounts.

 

INDONESIA

 

Terms and Conditions

 

Language Consent. By accepting the Award,
Participant (i) confirms having read and understood these documents provided in the English language, (ii) accepts the terms
of these documents accordingly, and (iii) agrees not to challenge the validity of these documents based on Law No. 24 of 2009
on National Flag, Language, Coat of Arms and National Anthem or the implementing Presidential Regulation (when issued).

 

Persetujuan dan Pemberitahuan Bahasa.
Dengan menerima Penghargaan ini, (i) anda mengkonfirmasi bahwa anda telah membaca dan mengerti isi dokumen yang terkait dengan pemberian
Penghargaan ini (yaitu Rencana dan Perjanjian Opsi Saham) yang disediakan untuk anda dalam bahasa Inggris, (ii) anda menerima persyaratan
di dalam dokumen-dokumen tersebut, dan (iii) anda setuju bahwa anda tidak akan mengajukan keberatan atas keberlakuan dari dokumen
ini berdasarkan Undang-Undang No. 24 tahun 2009 tentang Bendera, Bahasa dan Lambang Negara serta Lagu Kebangsaan atau peraturan
pelaksana dari Peraturan Presiden (ketika diterbitkan nantinya).

 

    90

     

    

 

Notifications

 

Exchange Control Information. Foreign exchange
activity is subject to certain reporting requirements. For foreign currency transactions exceeding USD 25,000, the underlying document
of that transaction will have to be submitted to the relevant local bank. If Participant repatriates funds (e.g., proceeds from
the sale of Shares) into Indonesia, the Indonesian bank through which the transaction is made will submit a report of the transaction
to the Bank of Indonesia.

 

For transactions of USD 10,000 or more (or its
equivalent in other currency), a more detailed description of the transaction must be included in the report and Participant may be required
to provide information about the transaction to the bank in order to complete the transaction.

 

Foreign Asset/Account Reporting Information.
Indonesian residents are required to report worldwide assets (including foreign accounts and Shares acquired under the Plan) in their
annual individual income tax return.

 

IRELAND

 

Notifications

 

Director Notification Requirement. If Participant
is a director, shadow director or secretary of an Irish Parent or Subsidiary, Participant must notify the Irish Parent or Subsidiary in
writing upon (a) receiving or disposing of an interest in Workday (e.g., RSUs, Shares, etc.), (b) becoming aware
of the event giving rise to the notification requirement, or (c) becoming a director or secretary if such an interest exists at the
time, in each case if the interest represents more than 1% of Workday’s share capital or voting rights. This notification requirement
also applies with respect to the interests of any spouse or minor children (whose interests will be attributed to the director, shadow
director or secretary).

 

ITALY

 

Terms and Conditions

 

Plan Document Acknowledgement. Participant
acknowledges that by accepting the RSUs, Participant has been given access to the Plan document, has reviewed the Plan and this Agreement
in their entirety and fully understands and accepts all provisions of the Plan and this Agreement. Further, Participant acknowledges that
he or she has read and expressly approves the following sections of the Agreement: Section 1. Terms; Section 2. Settlement;
Section 6. Termination; Section 7. Responsibility for Taxes; Section 8. Nature of Grant; Section 9. No Advice Regarding
Grant; Section 10. Language; Section 12. Imposition of Other Requirements; Section 14. Compliance with Laws and Regulations;
Section 16. Governing Law and Venue; Section 21. Award Subject to Workday Clawback or Recoupment; and Section 22. Acknowledgment;
Consent to Electronic Delivery of All Plan Documents and Disclosures.

 

Notifications

 

Foreign Asset/Account Reporting Information.
Participant understands that if Participant is an Italian resident and at any time during the fiscal year Participant holds foreign financial
assets (including cash and Shares) which may generate income taxable in Italy, Participant is required to report these assets on Participant’s
annual tax return (UNICO Form, RW Schedule) for the year during which the assets are held, or on a special form if no tax return is due.
These reporting obligations will also apply to Italian residents who are the beneficial owners of foreign financial assets, even if Participant
does not directly hold investments abroad or foreign assets.

 

    91

     

    

 

JAPAN

 

Notifications

 

Foreign Asset/Account Reporting Information.
Participant understands that if Participant holds assets outside of Japan (e.g., Shares acquired under the Plan) with a total net
fair market value exceeding ¥50,000,000 (or an equivalent amount in foreign currency) as of December 31 each year, Participant
is required to report the details of such assets to the Japanese tax authorities by March 15th of the following year. Participant
acknowledges that he or she should consult with Participant’s personal tax advisor to determine Participant’s personal reporting
obligations.

 

LATVIA

 

There are no country-specific provisions.

 

MALAYSIA

 

Terms and Conditions

 

Data Privacy. The following provision
replaces Part 2 of Appendix A.

 

Participant hereby explicitly and unambiguously
consents to the collection, use and transfer, in electronic or other form, of Participant’s personal data as described in this Agreement
and any other RSU grant materials by and among, as applicable, Workday, the Employer and any other Parent or Subsidiary for the exclusive
purpose of implementing, administering and managing Participant’s participation in the Plan.

 

Participant understands that Workday, the
Employer and any other Parent or Subsidiary may hold certain personal information about Participant, including, but not limited to, Participant’s
name, home address, email address and telephone number, date of birth, social insurance, passport or other identification number (e.g.,
resident registration number), salary, nationality, job title, any shares of stock or directorships held in Workday, details of all RSUs
or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in Participant’s favor
(“Data”), for the exclusive purpose of implementing, administering and managing the Plan. The source of the Data is the Employer,
as well as information which Participant is providing to Workday and the Employer in connection with the Plan and this Agreement.

 

Participant authorizes that Data will be
transferred to E*Trade or such other stock plan service provider as may be selected by Workday in the future, which is assisting Workday
with the implementation, administration and management of the Plan. Participant further authorizes that Workday, the Employer and any
other Parent or Subsidiary will transfer Data among themselves as necessary for the purpose of the implementation, administration and
management of Participant’s participation in the Plan, and that Workday, the Employer and any other Parent or Subsidiary may each
further transfer Data to third parties assisting Workday in the implementation, administration and management of the Plan, including any
requisite transfer to a broker or another third party with whom Participant may elect to deposit any Shares acquired under the Plan. Participant
acknowledges that the recipients of the Data may be located in the United States or elsewhere, and that the recipients’ country
may have different data privacy laws and protections than Participant’s country. Participant understands that if he or she resides
outside the United States, he or she may request a list with the names and addresses of any potential recipients of the Data by contacting
his or her local human resources representative, whose email is cynthia.chan@workday.com. Participant authorizes Workday, E*Trade and
any other possible recipients which may assist Workday (presently or in the future) with implementing, administering and managing the
Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering
and managing his or her participation in the Plan, including any requisite transfer of such Data to a third party with whom the Participant
may elect to deposit any Shares acquired upon vesting of the RSUs.

 

    92

     

    

 

Participant authorizes that Data will be
held only as long as is necessary to implement, administer and manage Participant’s participation in the Plan. Participant understands
if he or she resides outside the United States, 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, in any case without cost,
by contacting in writing his or her local human resources representative. Further, Participant understands that he or she is providing
the consents herein on a purely voluntary basis. If Participant does not consent, or if Participant later seeks to revoke his or her consent,
his or her employment status or service and career with the Employer will not be affected; the only consequence of refusing or withdrawing
Participant’s consent is that Workday would not be able to grant Participant RSUs or other equity awards or administer or maintain
such awards. Therefore, Participant understands that refusing or withdrawing his or her consent may affect Participant’s ability
to participate in the Plan. For more information on the consequences of Participant’s refusal to consent or withdrawal of consent,
Participant understands that he or she may contact his or her local human resources representative at cynthia.chan@workday.com.

 

Malaysian Translation

 

Peserta dengan ini secara eksplisit dan
tanpa sebarang keraguan mengizinkan pengumpulan, penggunaan dan pemindahan, dalam bentuk elektronik atau lain-lain, data peribadi Peserta
seperti yang diterangkan dalam Perjanjian dan sebarang bahan geran RSU lain oleh dan di antara, seperti mana yang terpakai, Workday, Majikan
dan mana-mana Syarikat Induk atau Anak-Anak Syarikatnya untuk tujuan ekslusif bagi melaksanakan, mentadbir dan menguruskan penyertaan
Peserta dalam Pelan tersebut.

 

Peserta memahami bahawa Workday, Majikan
dan mana-mana Syarikat Induk atau Anak-Anak Syarikat mungkin memegang maklumat peribadi tertentu tentang Peserta, termasuk, tetapi tidak
terhad kepada, nama Peserta, alamat rumah dan nombor telefon, alamat emel, tarikh lahir,insurans sosial, nombor passport atau nombor pengenalan
lain (seperti, nombor pendaftaran penduduk tetap atau nombor kad pengenalan), gaji, kewarganegaraan, jawatan, apa-apa syer dalam saham
atau jawatan sebagai pengarah yang dipegang di Workday, butir-butir semua RSUs atau apa-apa hak lain atas syer dalam saham yang dianugerahkan,
dibatalkan, dilaksanakan, terletak hak, tidak diletak hak ataupun yang belum dijelaskan bagi faedah Peserta (“Data”), untuk
tujuan eksklusif bagi melaksanakan, mentadbir dan menguruskan Pelan tersebut. Sumber Data adalah daripada Majikan, dan juga maklumat yang
Peserta berikan kepada Workday dan Majikan berhubung dengan Pelan tersebut dan Perjanjian ini.

 

    93

     

    

 

Peserta memberi kuasa bahawa Data ini akan
dipindahkan kepada E*Trade atau pembekal perkhidmatan pelan saham yang ditetapkan oleh Workday pada masa depan yang membantu Workday dengan
pelaksanaan, pentadbiran dan pengurusan Pelan tersebut. Peserta juga memberi kuasa bahawa Workday, Majikan dan Syarikat Induk atau Anak-Anak
Syarikat lain akan memindahkan Data sesama mereka seperti diperlukan untuk tujuan melaksanakan, mentadbir dan menguruskan penyertaan Peserta
dalam Pelan tersebut, dan Workday, Majikan dan Syarikat Induk atau Anak-Anak Syarikat yang lain masing-masing boleh memindahkan Data kepada
pihak-pihak ketiga yang membantu Workday dalam pelaksanaan, pentadbiran dan pegurusan Pelan tersebut, termasuk pemindahan yang diperlukan
kepada broker atau pihak ketiga yang lain yang mana Peserta boleh memilih untuk mendepositkan Syer-Syer yang diperolehi daripada Pelan
tersebut. Peserta mengakui bahawa penerima-penerima Data mungkin berada di Amerika Syarikat atau di tempat lain dan bahawa negara penerima-penerima
mungkin mempunyai undang-undang privasi data dan perlindungan yang berbeza daripada negara Peserta. Peserta memahami bahawa sekiranya
Peserta menetap di luar Amerika Syarikat, Peserta boleh meminta satu senarai yang mengandungi nama dan alamat penerima-penerima Data yang
berpotensi dengan menghubungi wakil sumber manusia tempatan Peserta, cynthia.chan@workday.com. Peserta memberi kuasa kepada Workday, E*Trade
dan mana-mana penerima-penerima lain yang mungkin membantu Workday (pada masa sekarang atau pada masa depan) untuk melaksanakan, mentadbir
dan menguruskan Pelan bagi menerima, memiliki, menggunakan, menyimpan dan memindahkan Data, dalam bentuk elektronik atau lain-lain, semata-mata
dengan tujuan untuk melaksanakan, mentadbir dan menguruskan penyertaan Peserta dalam Pelan tersebut, termasuk apa-apa pemindahan Data
yang diperlukan kepada pihak ketiga yang lain dengan sesiapa yang Peserta pilih untuk deposit apa-apa Saham yang diperolehi selepas terletak
hak RSUs.

 

Peserta memberi kuasa bahawa Data hanya
akan disimpan untuk sepanjang tempoh yang diperlukan bagi melaksanakan, mentadbir, dan menguruskan penyertaan Peserta dalam Pelan tersebut.
Peserta memahami bahawa sekiranya Peserta menetap di luar Amerika Syarikat, Peserta boleh, pada bila-bila masa, melihat Data, meminta
maklumat tambahan mengenai penyimpanan dan pemprosesan Data, meminta bahawa pindaan-pindaan dilaksanakan ke atas Data atau menolak atau
menarik balik persetujuan terkandung di sini, dalam mana-mana kes, tanpa kos, dengan menghubungi secara bertulis wakil sumber manusia
tempatan Peserta. Peserta selanjutnya memahami bahawa Peserta memberi persetujuan ini secara sukarela. Sekiranya Peserta tidak bersetuju,
atau kemudian membatalkan persetujuannya, status pekerjaan atau perkhidmatan Peserta dengan Majikan tidak akan terjejas; satu-satunya
akibat jika Peserta tidak bersetuju atau menarik balik persetujuan Peserta adalah bahawa Workday tidak akan dapat menganugerahkan kepada
Peserta RSUs atau anugerah ekuiti lain atau mentadbir atau mengekalkan anugerah tersebut. Oleh itu, Peserta memahami bahawa keengganan
atau penarikan balik persetujuan Peserta boleh menjejaskan keupayaannya untuk mengambil bahagian dalam Pelan tersebut. Untuk maklumat
lanjut mengenai akibat keengganan Peserta untuk memberikan keizinan atau penarikan balik keizinan, Peserta memahami bahawa Peserta boleh
menghubungi wakil sumber manusia tempatan Peserta, cynthia.chan@workday.com.

 

Notifications

 

Director Notification Obligation. Directors
of Workday’s Malaysian Subsidiary are subject to certain notification requirements under the Malaysian Companies Act. Among these
requirements is an obligation to notify such entity in writing within 14 business days of the acquisition or disposal of an interest (e.g.,
RSUs granted under the Plan or Shares) in Workday or any related company.

 

MEXICO

 

Terms and Conditions

 

Plan Document Acknowledgement. By accepting
the RSUs, Participant acknowledges that he or she has received a copy of the Plan and the Agreement, which Participant has reviewed. Participant
acknowledges further that he or she accepts all the provisions of the Plan and the Agreement. Participant also acknowledges that he or
she has read and specifically and expressly approves the terms and conditions set forth in Section 8 (“Nature of Grant”)
in the Agreement, which clearly provides as follows:

 

(1) Participant’s
participation in the Plan does not constitute an acquired right;

 

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(2) The Plan
and Participant’s participation in the Plan are offered by Workday on a wholly discretionary basis;

 

(3) Participant’s
participation in the Plan is voluntary; and

 

(4) Workday
and its Subsidiaries are not responsible for any decrease in the value of any Shares acquired at vesting and settlement of the RSUs.

 

Labor Law Policy and Acknowledgment. By
accepting the RSUs, Participant expressly recognizes that Workday, with registered offices at 6110 Stoneridge Mall Road, Pleasanton, California
U.S.A., is solely responsible for the administration of the Plan, and that Participant’s participation in the Plan and acquisition
of Shares do not constitute an employment relationship between Participant and Workday since Participant is participating in the Plan
on a wholly commercial basis and the Workday Mexico S. de R.L. de C.V. (“Workday Mexico”) is his or her sole
employer. Based on the foregoing, Participant expressly recognizes that the Plan and the benefits that he or she may derive from participating
in the Plan do not establish any rights between Participant and Workday Mexico and do not form part of the employment conditions and/or
benefits provided by Workday Mexico, and any modification of the Plan or its termination shall not constitute a change or impairment of
the terms and conditions of Participant’s employment.

 

Participant further understands that his or her
participation in the Plan is as a result of a unilateral and discretionary decision of Workday; therefore, Workday reserves the absolute
right to amend and/or discontinue Participant’s participation at any time without any liability to Participant.

 

Finally, Participant hereby declares that he or
she does not reserve to him- or herself any action or right to bring any claim against Workday for any compensation or damages regarding
any provision of the Plan or the benefits derived under the Plan, and Participant therefore grants a full and broad release to Workday,
and its Subsidiaries, affiliates, branches, representative offices, shareholders, directors, officers, employees, agents, or legal representatives
with respect to any claim that may arise.

 

Spanish Translation

 

Términos y Condiciones

 

Reconocimiento del Plan. Al aceptar
las Unidades, el Participante reconoce que ha recibido y revisado una copia del Plan y del Acuerdo. El Participante reconoce, además,
que acepta todas las disposiciones del Plan y del Acuerdo. El Participante también reconoce que ha leído y que concretamente
aprueba de forma expresa los términos y condiciones establecidos en la Sección 8 (“Naturaleza del Otorgamiento”)
del Acuerdo de Acciones Restringidas, que claramente dispone lo siguiente:

 

(1) La
participación del Participante en el Plan no constituye un derecho adquirido;

 

(2) El
Plan y la participación del Participante en el Plan se ofrecen por Workday en su discrecionalidad total;

 

(3) La
participación del Participante en el Plan es voluntaria; y

 

(4) Workday
y sus Subsidiarias no son responsables por ninguna disminución en el valor de las acciones adquiridas al conferir las Unidades
de Acciones Restringidas.

 

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Política Laboral y Reconocimiento.
Al aceptar las Unidades de Acciones Restringidas, el Participante expresamente reconoce que Workday, con oficinas registradas en Workday, Inc.,
6110 Stoneridge Mall Road, Pleasanton, California U.S.A., es la única responsable por la administración del Plan y que la
participación del Participante en el Plan y la adquisición de Acciones no constituyen una relación de trabajo entre
el Participante y Workday, ya que el Participante participa en el Plan en un marco totalmente comercial y Workday Mexico S. de R.L. de
C.V. (“Workday Mexico”) es su único patrón. Derivado de lo anterior, el Participante expresamente reconoce
que el Plan y los beneficios que pudieran derivar de la participación en el Plan no establecen derecho alguno entre el Participante
y el patrón, Workday Mexico, y no forma parte de las condiciones de trabajo y/o las prestaciones otorgadas por Workday Mexico,
y que cualquier modificación al Plan o su terminación no constituye un cambio o impedimento de los términos y condiciones
de la relación de trabajo del Participante.

 

Asimismo, el Participante reconoce que su participación
en el Plan es resultado de una decisión unilateral y discrecional de Workday; por lo tanto, Workday se reserva el derecho absoluto
de modificar y/o terminar la participación del Participante en cualquier momento y sin responsabilidad alguna hacia el Participante.

 

Finalmente, el Participante por este medio
declara que no se reserva ningun derecho o acción que ejercitar en contra de Workday por cualquier compensación o daños
y perjuicios en relación de las disposiciones del Plan o de los beneficios derivados del Plan, y por lo tanto, el Participante
exime amplia y completamente a Workday, y sus afiliadas, subsidiarias, sucursales, oficinas de representación, accionistas, directores,
autoridades, empleados, agentes, o representantes legales de cualquier demanda que pudiera surgir.

 

Notifications

 

Securities Law Information. The RSUs granted
and any Shares acquired under the Plan have not been registered with the National Register of Securities maintained by the Mexican National
Banking and Securities Commission and cannot be offered or sold publicly in Mexico. In addition, the Plan, this Agreement, and any other
document relating to the RSUs may not be publicly distributed in Mexico. These materials are addressed to Participant because of his or
her existing relationship with Workday and/or any Parent or Subsidiary or Affiliate, and these materials should not be reproduced or copied
in any form. The offer contained in these materials does not constitute a public offering of securities, but rather constitutes a private
placement of securities addressed specifically to individuals who are present Employees of the Employer made in accordance with the provisions
of the Mexican Securities Market Law, and any rights under such offering shall not be assigned or transferred.

 

NETHERLANDS

 

There are no country-specific provisions.

 

NEW ZEALAND

 

Notifications

 

Securities Law Information. WARNING:
Participant is being granted RSUs which allow Participant to acquire Shares in accordance with the terms of this Agreement and the Plan.
The Shares, if issued, will give Participant a stake in the ownership of Workday. Participant may receive a return if dividends are paid.

 

If Workday runs into financial difficulties and
is wound up, Participant will be paid only after all other creditors (including holders of preference shares, if any) have been paid.
Participant may lose some or all of Participant’s investment, if any.

 

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New Zealand law normally requires people who offer
financial products to give information to investors before they invest. This information is designed to help investors to make an informed
decision. The usual rules do not apply to this offer because it is made under an employee share purchase scheme. As a result, Participant
may not be given all the information usually required. Participant will also have fewer other legal protections for this investment.

 

The Shares are quoted on the Nasdaq Global Select
Market ("Nasdaq"). This means that if Participant acquires Shares, Participant may be able to sell the Shares
on the Nasdaq if there are interested buyers. Participant may get less than he or she invested. The price will depend on the demand for
the Shares.

 

For a copy of Workday’s most recent financial
statements (and, where applicable, a copy of the auditor’s report on those financial statements), as well as information on risk
factors impacting Workday’s business that may affect the value of the Shares, Participant should refer to the risk factors discussion
in Workday’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are filed with the U.S. Securities
and Exchange Commission and are available online at www.sec.gov, as well as on Workday’s website at http://www.workday.com/en-us/company/investor-relations/sec-filings.html.

 

Participant should ask questions, read all documents
carefully, and seek independent financial advice before participating in the Plan.

 

NORWAY

 

Notifications

 

Foreign Asset/Account Reporting Information.
If Shares are acquired under the Plan, Participant may be subject to foreign asset reporting as part of the ordinary tax return. Norwegian
banks, financial institutions, limited companies, etc. must report certain information to the Tax Administration. Such information
may then be pre-populated in Participant's tax return. However, if Participant has traded, or own, financial instruments (e.g., Shares),
Participant must enter this information in Form RF-1159, which is an appendix to the tax return.

 

POLAND

 

Notifications

 

Exchange Control Information. Polish residents
holding foreign securities (including Shares) and maintaining accounts abroad (including any brokerage account) must report information
to the National Bank of Poland on transactions and balances of the securities and cash deposited in such accounts if the value of such
securities and cash (calculated individually or together with all other assets/liabilities held abroad) exceeds a specified threshold
(currently PLN7,000,000). If required, the reports are due on a quarterly basis on special forms available on the website of the National
Bank of Poland.

 

In addition, any transfer of funds in excess of
a specified threshold (currently €15,000, but if such transfer is connected with business activity of an entrepreneur, PLN15,000)
must be effected through a bank account in Poland. Participant should maintain evidence of such foreign exchange transactions for five
years, in case of a request for their production by the National Bank of Poland.

 

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SINGAPORE

 

Notifications

 

Securities Law Information. The grant of
RSUs under the Plan is being made pursuant to the “Qualifying Person” exemption under section 273(1)(i) of the Securities
and Futures Act (Cap. 289, Rev Ed 2006) ("SFA"). The Plan has not been, and will not be, lodged or registered
as a prospectus with the Monetary Authority of Singapore. The RSUs are subject to section 257 of the SFA and Participant should not make
any subsequent sale of Shares in Singapore or any offer of such subsequent sale of Shares in Singapore, unless such sale or offer is made
(a) more than six (6) months after the Date of Grant, (b) pursuant to the exemptions under Part XIII Division 1 Subdivision
(4) (other than section 280) of the SFA, or (c) pursuant to, and in accordance with the conditions of, any other applicable
provisions of the SFA. Workday’s common stock is currently traded on the Nasdaq Global Select Market in the U.S. under the ticker
symbol “WDAY” and any Shares acquired pursuant to the RSUs may be sold on this exchange.

 

Director Notification Obligation. The directors
(including associate directors and shadow directors) of a Singapore Parent, Subsidiary or Affiliate are subject to certain notification
requirements under the Singapore Companies Act. Among these requirements is an obligation to notify such entity in writing within two
business days of any of the following events: (a) the acquisition or disposal of an interest (e.g., RSUs granted under the
Plan or Shares) in Workday or any Parent, Subsidiary or Affiliate, (b) any change in previously-disclosed interests (e.g.,
sale of Shares), or (c) becoming a director, associate director or shadow director of a Parent, Subsidiary or Affiliate in Singapore,
if the individual holds such an interest at that time. These notification requirements apply regardless of whether the directors are residents
of or employed in Singapore.

 

SOUTH AFRICA

 

Terms and Conditions

 

Responsibility for Taxes. The following
provision supplements Section 7 of the Agreement:

 

By accepting the RSUs, Participant agrees to immediately
notify the Employer of the amount of any gain realized upon vesting of the RSUs. If Participant fails to advise the Employer of the gain
realized upon vesting of the RSUs, then he or she may be liable for a fine. Participant will be solely responsible for paying the difference
between the actual tax liability and the amount withheld by Workday or the Employer.

 

Notifications

 

Securities Law Information. In compliance
with South African securities law, the documents listed below are available for Participant’s review on Workday’s website
at https://www.workday.com/en-us/company/investor-relations.html and on Workday’s intranet, respectively:

 

		1.	Workday’s most recent annual financial statements; and

 

		2.	Workday’s most recent Plan prospectus.

 

A copy of the above documents will be sent to
Participant free of charge on written request to Workday’s Global Stock Administration by logging a People Guide Request in Service
Hub.

 

Participant should carefully read the materials
provided before making a decision whether to participate in the Plan.

 

Exchange Control Information. Participant
is solely responsible for complying with applicable South African exchange control regulations. As the exchange control regulations are
subject to change, Participant should consult Participant’s legal advisor prior to the acquisition or sale of Shares acquired under
the Plan to ensure compliance with current regulations.

 

    98

     

    

 

SOUTH KOREA

 

Notifications

 

Foreign Asset/Account Reporting Information.
Korean residents must declare all foreign financial accounts (i.e., non-Korean bank accounts, brokerage accounts, etc.) to
the Korean tax authority and file a report with respect to such accounts if the monthly balance of such accounts exceeds KRW 500 million
(or an equivalent amount in foreign currency) on any month-end date during a calendar year.

 

SPAIN

 

Terms and Conditions

 

Nature of Grant. This provision supplements
Section 8 of the Agreement:

 

By accepting the RSUs, Participant consents to
participating in the Plan and acknowledges that he or she has received a copy of the Plan.

 

Participant understands that Workday has unilaterally,
gratuitously and discretionally decided to grant RSUs to acquire Shares under the Plan to individuals who may be Employees, Consultants,
Directors or Non-Employee Directors of Workday or any Parent or Subsidiary throughout the world. The decision is a limited decision that
is entered into upon the express assumption and condition that any grant will not economically or otherwise bind Workday or any Parent
or Subsidiary. Consequently, Participant understands that the RSUs are granted on the assumption and condition that the RSUs and any Shares
acquired at vesting of the RSUs are not part of any employment or service agreement (either with Workday or any Parent or Subsidiary)
and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever.

 

In addition, Participant understands that the
RSUs would not be granted to Participant but for the assumptions and conditions referred to herein; thus, Participant acknowledges and
freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any
grant of or right to RSUs shall be null and void.

 

Further, Participant acknowledges, understands
and agrees that Participant will not be entitled to continue vesting in any RSUs once Participant’s employment or service Terminates.
This will be the case, for example, even in the event of a Termination of a Participant by reason of, including, but not limited to: resignation,
retirement, disciplinary dismissal adjudged to be with cause or adjudged/recognized to be without good cause (i.e., subject to
a “despido improcedente”), individual or collective dismissal on objective grounds, whether adjudged and/or recognized
to be with or without cause, material modification of the terms of employment or service under Article 41 of the Workers’ Statute,
relocation under Article 40 of the Workers’ Statue, Article 50 of the Workers’ Statue, unilateral withdrawal by
the Employer, and under Article 10.3 of Royal Decree 1382/1985.

 

Notifications

 

Securities Law Information. The RSUs do
not qualify under Spanish law as securities. No “offer to the public,” as defined under Spanish Law, has taken place or will
take place in the Spanish territory. The Plan, this Agreement and any other RSU grant documents have not been nor will they be registered
with the Comisión Nacional del Mercado de Valores (Spanish Securities Exchange Commission), and do not constitute a public
offering prospectus.

 

    99

     

    

 

Exchange Control Information. Participant
must declare the acquisition, ownership and sale of Shares to the Spanish Dirección General de Comercio e Inversiones (the
 “DGCI”), the Bureau for Commerce and Investments, which is a department of the Ministry of Industry, Trade and
Tourism, for statistical purposes. Generally, the declaration must be filed in January for Shares owned as of December 31 of
the prior year on a Form D-6; however, if the value of the Shares purchased under the Plan or sold exceeds €1,502,530, the declaration
must be filed within one month of the acquisition or sale, as applicable.

 

Further, Participant is required to declare electronically
to the Bank of Spain any securities accounts (including brokerage accounts held abroad), any foreign instruments (e.g., Shares)
and any transactions with non-Spanish residents (including any payments of cash or Shares made to Participant by Workday or any U.S. brokerage
account) if the balances in such accounts together with the value of such instruments as of December 31, or the volume of transactions
with non-Spanish residents during the prior or current year, exceeds €1,000,000.

 

Foreign Asset/Account Reporting Information.
To the extent Participant holds assets (e.g., cash or Shares held in a bank or brokerage account) outside Spain with a value in
excess of €50,000 per type of asset (e.g., cash or Shares) as of December 31 each year, Participant is required to report
information on such rights and assets on his or her tax return for such year. After such rights or assets are initially reported, the
reporting obligation will only apply for subsequent years if the value of any previously-reported rights or assets increases by more than
 €20,000. The reporting must be completed by March 31 following the end of the relevant tax year.

 

SWEDEN

 

Terms and Conditions

 

Authorization to Withhold. This provision
supplements Section 7 of the Agreement.

 

Without limiting Workday’s and the Employer’s
authority to satisfy their withholding obligations for Tax-Related Items as set forth in Section 7 of the Agreement, in accepting
the grant of RSUs, Participant authorizes Workday and/or the Employer to withhold Shares or to sell Shares otherwise deliverable to Participant
upon vesting/settlement to satisfy Tax-Related Items, regardless of whether Workday and/or the Employer have an obligation to withhold
such Tax-Related Items.

 

SWITZERLAND

 

Notifications

 

Securities Law Information. Neither this
document nor any materials relating to the Shares (a) constitutes a prospectus according to articles 35 et seq. of the Swiss Federal
Act on Financial Services (“FinSA”), (b) may be publicly distributed or otherwise made publicly available in Switzerland
to any person other than an employee of Workday or one of its Parents, Subsidiaries or Affiliates, and (c) has been or will be filed
with, approved or supervised by any Swiss reviewing body according to Article 51 of FinSA or any Swiss regulatory authority (in particular,
the Swiss Financial Supervisory Authority (FINMA)).

 

Foreign Asset/Account Reporting Information.
Participant is required to declare all foreign bank and brokerage accounts in which cash or securities are held, including the accounts
that were opened and/or closed during the tax year, as well as any other assets, on an annual basis on the tax return (Wertschriftenverzeichnis).

 

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TAIWAN

 

Notifications

 

Securities Law Information. The offer of
participation in the Plan is available only to eligible Employees. The offer of participation in the Plan is not a public offer of securities
by a Taiwanese company. Therefore, it is exempt from registration in Taiwan.

 

Exchange Control Information. Taiwanese
residents may acquire and remit foreign currency in relation to the Plan into Taiwan through an authorized foreign exchange bank in an
amount of up to USD 5 million per year. If the transaction amount is TWD 500,000 or more in a single transaction, a foreign exchange transaction
form and other supporting documentation may need to be submitted to the remitting bank.

 

THAILAND

 

Notifications

 

Exchange Control Information. Unless Participant
can rely on any applicable exemptions, he or she must repatriate any funds received from participating in the Plan (such as proceeds from
the sale of Shares and cash dividends received in relation to the Shares) to Thailand immediately upon receipt if the amount of funds
received in a single transaction is US$1,000,000 or more. Participant must then either convert the funds to Thai Baht or deposit the funds
in a foreign currency deposit account maintained by a bank in Thailand within 360 days of remitting the funds to Thailand. In addition,
the details of the foreign currency transaction, including Participant’s identification information and the purpose of the transaction,
must be provided to the authorized agent.

 

If Participant does not comply with this obligation,
Participant may be subject to penalties assessed by the Bank of Thailand. Because exchange control regulations change frequently and without
notice, Participant should consult a legal advisor before selling Shares to ensure compliance with current regulations. It is Participant’s
responsibility to comply with exchange control laws in Thailand, and neither Workday nor the Employer will be liable for any fines or
penalties resulting from Participant’s failure to comply with applicable laws.

 

UNITED KINGDOM

 

Terms and Conditions

 

Responsibility for Taxes. This provision
supplements Section 7 of the Agreement:

 

Without limitation to Section 7 of the Agreement,
Participant agrees that Participant is liable for all Tax-Related Items and hereby covenants to pay all such Tax-Related Items, as and
when requested by Workday or the Employer or by Her Majesty’s Revenue and Customs (“HMRC”) (or any other
tax authority or any other relevant authority). Participant also agrees to indemnify and keep indemnified Workday and the Employer against
any Tax-Related Items that they are required to pay or withhold or have paid or will pay to HMRC (or any other tax authority or any other
relevant authority) on Participant’s behalf.

 

Notwithstanding the foregoing, if Participant
is a director or executive officer of Workday (within the meaning of Section 13(k) of the Exchange Act), the terms of the immediately
foregoing provision will not apply. In the event that Participant is a director or executive officer and income tax is not collected from
or paid by Participant within ninety (90) days of the end of the U.K. tax year in which an event giving rise to the indemnification described
above occurs, the amount of any uncollected income tax may constitute a benefit to Participant on which additional income tax and national
insurance contributions (“NICs”) may be payable. Participant understands
that Participant will be responsible for reporting any income tax due on this additional benefit directly to HMRC under the self-assessment
regime and for paying Workday or the Employer (as applicable) for the value of any employee NICs due on this additional benefit, which
Workday or the Employer may obtain from Participant by any of the means referred to in the Plan or Section 7 of the Agreement.

 

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WORKDAY, INC.

2022 EQUITY INCENTIVE PLAN

GLOBAL NOTICE OF Performance STOCK OPTION GRANT1

 

Unless otherwise defined herein, the terms defined
in the Workday, Inc. 2022 Equity Incentive Plan (the “Plan”) will have the same meanings in this Global
Notice of Performance Stock Option Grant and the electronic representation of this Global Notice of Performance Stock Option Grant, and
the performance and vesting terms set forth in the Vesting Appendix attached hereto (the “Vesting Appendix”)
established and maintained by Workday, Inc. (“Workday”) or a third party designated by Workday (the Notice
of Global Performance Stock Option Grant and the Vesting Appendix are collectively referred to as the “Notice”).

 

Name:

 

Address:

 

You (“Participant”)
have been granted a performance-based option to purchase shares of Common Stock of Workday under the Plan subject to the terms and conditions
of the Plan, this Notice and the Global Performance Stock Option Award Agreement (the “Option Agreement”), including
any applicable jurisdiction-specific provisions in the appendices attached hereto (the “Appendices”) which constitute
part of this Option Agreement.

 

	Grant Number:	 
	 	 
	Date of Grant:	 
	 	 
	Vesting Commencement Date:	 
	 	 
	Exercise Price per Share:	 
	 	 
	Total Number of Shares:	 
	 	 
	Type of Option:	Non-Qualified Stock Option/Incentive Stock Option
	 	 
	Expiration Date:	________ __, 20__; This Option expires earlier in the event of Participant’s Termination, as described in the Option Agreement.
	 	 
	Vesting Schedule:	Subject to the limitations set forth in this Notice, the Plan and the Agreement, the Option will vest and may be exercised, in whole or in part, as set forth in the Vesting Appendix.

 

 

1 The specific information provided in this Notice may
be delivered in electronic form.

 

    102

     

    

 

By accepting (whether in writing, electronically or otherwise) the
Option, Participant acknowledges and agrees to the following:

 

		1)	Participant understands that Participant’s service with Workday or a Parent or Subsidiary or Affiliate
is for an unspecified duration, can be terminated at any time (i.e., is at will), subject to applicable law and/or employment or
service agreement, and that nothing in this Notice, the Option Agreement or the Plan changes the nature of that relationship. Participant
acknowledges that the vesting of the Options pursuant to this Notice is earned only by both achievement of the performance metrics set
forth in the Vesting Appendix and continuing service as an Employee, Director or Consultant. If Participant’s service is Terminated
for any reason (regardless of whether the termination is in breach of employment laws in the jurisdiction where Participant is employed
or is later found to be invalid), such Termination will be considered effective on the date Participant ceases to provide services to
Workday or one of its Parents, Subsidiaries or Affiliates and, unless explicitly required by applicable legislation or determined by Workday,
or in the case of Insiders, the Committee, Participant's period of service for purposes of the Option will not be extended by any notice
period or garden leave mandated under employment laws in the jurisdiction where Participant is employed or the terms of Participant’s
employment agreement. Unless otherwise expressly provided in the Plan or the Agreement or determined by the Committee, Participant’s
right to vest in the Option under the Plan, if any, will terminate as of such date. To the extent permitted by applicable law, Participant
agrees and acknowledges that the Vesting Schedule may change prospectively in the event that Participant’s service status changes
between full- and part-time and/or in the event Participant is on a leave of absence, in accordance with Workday policies relating to
work schedules and vesting of Awards or as determined by the Committee.

 

		2)	Participant has read Workday’s Insider Trading Policy, and agrees to comply with such policy, as
it may be amended from time to time, whenever Participant acquires, disposes of, or otherwise transacts in Workday’s securities.

 

		3)	Participant also understands that this Notice is subject to the terms and conditions of both the Option
Agreement and the Plan, both of which are incorporated herein by reference. Participant has read both the Option Agreement and the Plan.

 

		4)	By accepting this Option, Participant consents to electronic delivery and participation as set forth in
the Option Agreement.

 

If you wish to decline your Option,
you should promptly notify our Stock Plan Administrator at stock.admin@workday.com. If you do not provide such notification within thirty
(30) days after the Date of Grant, you will be deemed to have accepted your Options on the terms and conditions set forth herein.

 

    103

     

    

 

VESTING
APPENDIX

 

[Insert
applicable performance metrics and vesting schedule.]

 

    104

     

    

 

WORKDAY, INC.

2022 EQUITY INCENTIVE PLAN

GLOBAL PERFORMANCE STOCK OPTION AWARD AGREEMENT

 

Unless otherwise defined in this Global Performance
Stock Option Award Agreement (the “Option Agreement”), any capitalized terms used herein will have the meaning
ascribed to them in the Workday, Inc. 2022 Equity Incentive Plan (the “Plan”).

 

Participant has been granted a performance-based
option to purchase Shares (the “Option”) of Workday, Inc. (“Workday”), subject
to the terms and conditions of the Plan, the Global Notice of Performance Stock Option Grant, including the Vesting Appendix attached
thereto (the “Notice”) and this Option Agreement, including any applicable jurisdiction-specific provisions
in the appendices attached hereto (the “Appendices”) which constitute part of this Option Agreement.

 

1. Vesting Rights.
Subject to the applicable provisions of the Plan, the Notice and this Option Agreement, this Option may be exercised, in whole or in part,
in accordance with the schedule set forth in the Notice.

 

2. Termination Period.

 

(a) General
Rule. Except as provided below, and subject to the Plan, the portion of the Option that is vested and exercisable as of Participant’s
Termination Date may be exercised for three (3) months after Participant’s Termination Date, and this Option will expire on
the date three (3) months after Participant’s Termination Date, provided that in no event will this Option be exercised later
than the Expiration Date set forth in the Notice. Workday, or in the case of Insiders, the Committee will have sole discretion to determine
whether a Participant has ceased to provide services for purposes of the Plan and the effective date on which the Participant ceased to
provide services (the “Termination Date”), as provided in the Plan. For purposes of the Option, the Termination
Date will be the date Participant ceases to provide services to Workday or one of its Parents, Subsidiaries or Affiliates and, unless
explicitly required by applicable legislation or determined by Workday, or in the case of Insiders, the Committee, Participant's period
of service for purposes of the Option will not be extended by any notice period or garden leave mandated under employment laws in the
jurisdiction where Participant is employed or the terms of Participant’s employment agreement. Participant’s right to exercise
the Option after Termination of service, if any, will be measured from the Termination Date. Unless otherwise provided in this Option
Agreement or determined by the Company, Participant’s right to vest in the Option, if any, will terminate as of the Termination
Date and Participant’s right to exercise the Option after termination of service, if any, will be measured from the Termination
Date.

 

(b) Death;
Disability. Unless provided otherwise in the Notice, upon Participant’s Termination by reason of his or her death or “permanent
and total disability” as described in the Plan, or if a Participant dies within three (3) months of the Termination Date, the
portion of the Option that is vested and exercisable on the Termination Date may be exercised for twelve (12) months after the Termination
Date and this Option will expire on the date twelve (12) months after the Termination Date, provided that in no event will this Option
be exercised later than the Expiration Date set forth in the Notice. Unless provided otherwise in the Notice, upon Participant’s
Termination by reason of his or her Disability (other than a “permanent and total disability”), the portion of the Option
that is vested and exercisable as of the Termination Date may be exercised for six (6) months after the Termination Date and this
Option will expire on the date six (6) months after the Termination Date, provided that in no event will this Option be exercised
later than the Expiration Date set forth in the Notice.

 

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(c) Cause.
Unless otherwise determined by the Committee, if the Participant is Terminated for Cause (as defined in the Plan, unless otherwise provided
in an employment agreement or other applicable agreement) or if the Participant’s service is Terminated and following such Termination
the Committee has reasonably determined in good faith that such Participant could have been Terminated for Cause (without regard to the
lapsing of any required notice or cure periods in connection therewith) at the Termination Date), then the Participant’s Option
(whether vested or unvested) will expire on such Termination Date, or at such later or earlier time and on such conditions as are determined
by the Committee.

 

(d) No
Notification of Exercise Periods. Participant is responsible for keeping track of the applicable exercise periods following Participant’s
Termination for any reason. Workday is not obligated to provide further notice of such periods. In no event shall this Option be exercised
later than the Expiration Date set forth in the Notice.

 

3. Grant of Option.
The Participant named in the Notice has been granted an Option for the number of Shares set forth in the Notice at the exercise price
per Share in U.S. Dollars set forth in the Notice (the “Exercise Price”). In the event of a conflict between
the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the terms and conditions of the Plan will
prevail. If designated in the Notice as an Incentive Stock Option (“ISO”), this Option is intended to qualify
as an Incentive Stock Option under Section 422 of the Code. However, if this Option is intended to be an ISO, to the extent that
it exceeds the U.S. $100,000 rule of Code Section 422(d) it will be treated as a Nonqualified Stock Option (“NQSO”).

 

4. Exercise of Option.

 

(a) Right
to Exercise. This Option is exercisable during its term in accordance with the Vesting Schedule set forth in the Notice and the applicable
provisions of the Plan and this Option Agreement. In the event of Participant’s death, Disability, Termination for Cause or other
Termination, the exercisability of the Option is governed by the applicable provisions of the Plan, the Notice and this Option Agreement.
This Option may not be exercised for a fraction of a Share.

 

(b) Method
of Exercise. This Option is exercisable by delivery of an exercise notice (the “Exercise Notice”), 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 Workday pursuant to the provisions of the
Plan. The Exercise Notice will be delivered from the person entitled to exercise the Option via electronic execution through Workday’s
authorized third-party administrator or in person, by mail, via electronic mail or facsimile or by other authorized method to the Secretary
of Workday or other person designated by Workday. The Exercise Notice will be accompanied by full payment of the aggregate Exercise Price
as to all Exercised Shares together with any Tax-Related Items (as defined in Section 8(a) below) that Workday has determined
must be withheld. Full payment may consist of any consideration and method of payment authorized by the Committee or Workday and permitted
by the Option Agreement and the Plan. Shares issued upon exercise of an Option will be issued in the name of the Participant.

 

(c) This
Option will be deemed to be exercised upon receipt by Workday of such fully executed Exercise Notice accompanied by such aggregate Exercise
Price and payment of any Tax-Related Items. No Shares will be issued pursuant to the exercise of this Option unless such issuance and
exercise complies with all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares
are then listed. 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 (subject to applicable law).

 

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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) if
permitted by the Committee, certificates for Shares that Participant owns, along with any forms needed to effect a transfer of those Shares
to Workday, the value of the Shares, determined as of the effective date of the Option exercise, will be applied to the Exercise Price.
Instead of surrendering Shares, Participant may attest to the ownership of those Shares on a form provided by Workday and have the same
number of Shares subtracted from the Exercised Shares issued to Participant. However, Participant may not surrender, or attest to the
ownership of, Shares of Workday stock in payment of the Exercise Price of Participant’s Option if Participant’s action would
cause Workday to recognize compensation expense (or additional compensation expense) with respect to this Option for financial reporting
purposes.

 

(d) a
 “broker-assisted” or “same-day sale” (as described in Section 11(c) of the Plan); or

 

(e) other
method authorized by the Committee or permitted under the Plan,

 

provided, that
the Committee may limit the availability of any method of payment, to the extent the Committee determines, in its discretion, such limitation
is necessary or advisable to comply with applicable law or facilitate the administration of the Plan. In particular, if Participant is
located outside the United States, Participant should review the applicable provisions of the Appendix for any such restriction that may
currently apply.

 

6. Non-Transferability
of Option. This Option may not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of other than by will
or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by Participant or unless otherwise
permitted by the Committee on a case-by-case basis. The terms of the Plan and this Option Agreement will be binding upon the executors,
administrators, heirs, successors and assigns of Participant.

 

7. Term of Option.
This Option will in any event expire on the Expiration Date set forth in the Notice, which date is 10 years after the Date of Grant (five
years after the Date of Grant if this Option is designated as an ISO in the Notice of Stock Option Grant and Section 5.3 of the Plan
applies).

 

8. Responsibility for
Taxes.

 

(a) Withholding.
Participant acknowledges that, regardless of any action taken by Workday or, if different, Participant’s employer (the “Employer”),
the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax related
items related to Participant’s participation in the Plan and legally applicable to Participant (“Tax-Related Items”)
is and remains Participant’s responsibility and may exceed the amount actually withheld by Workday or the Employer. Participant
further acknowledges that Workday and/or the Employer (a) make no representations or undertakings regarding the treatment of any
Tax-Related Items in connection with any aspect of this Option, including, but not limited to, the grant, vesting or exercise of this
Option, the subsequent sale of Shares acquired pursuant to such exercise and the receipt of any dividends; and (b) do not commit
to and are under no obligation to structure the terms of the grant or any aspect of this Option to reduce or eliminate Participant’s
liability for Tax-Related Items or achieve any particular tax result. Further, if Participant is subject to Tax-Related Items in more
than one jurisdiction, Participant acknowledges that Workday and/or the Employer (or former employer, as applicable) may be required to
withhold or account for Tax-Related Items in more than one jurisdiction. PARTICIPANT SHOULD CONSULT A TAX ADVISER APPROPRIATELY QUALIFIED
IN THE JURISDICTION(S) IN WHICH PARTICIPANT RESIDES OR IS SUBJECT TO TAXATION.

 

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Prior to any relevant taxable or tax withholding
event, as applicable, to the extent permitted by applicable law Participant agrees to make arrangements satisfactory to Workday and/or
the Employer to satisfy all Tax-Related Items. In this regard, Participant authorizes Workday and/or the Employer, or their respective
agents, at their discretion, to satisfy any withholding obligations or rights for Tax-Related Items by one or a combination of the following:

 

		(i)	Participant’s payment of a cash amount (including by check representing readily available funds
or a wire transfer);

 

		(ii)	withholding from proceeds of the sale of Shares acquired at exercise of this Option either through a voluntary
sale or through a mandatory sale arranged by Workday (on Participant’s behalf pursuant to this authorization) without further consent;

 

		(iii)	withholding in Shares to be issued upon exercise of the Option;

 

		(iv)	withholding from Participant’s wages or other cash compensation payable to Participant by Workday
and/or the Employer or any Parent, Subsidiary or Affiliate; or

 

		(v)	any other arrangement approved by the Committee,

 

all under such rules as may be established
by the Committee and in compliance with Workday’s Insider Trading Policy and 10b5-1 Trading Plan Policy, if applicable; provided
however, that if Participant is a Section 16 officer of Workday under the Exchange Act, then the Committee (as constituted in accordance
with Rule 16b-3 under the Exchange Act) shall establish the method of withholding from alternatives (i)-(v) above, and the Committee
shall establish the method prior to the tax withholding event.

 

Depending on the withholding method, Workday may
withhold or account for Tax-Related Items by considering applicable statutory withholding amounts or other applicable withholding rates
in Participant’s jurisdiction(s), including minimum rates or up to the maximum rates applicable in Participant’s jurisdiction(s).
In the event the application of the withholding rate determined by Workday leads to over-withholding, Participant may receive a refund
of any over-withheld amount in cash from Workday or the Employer (and will have no entitlement to the equivalent value in Shares) or,
if not refunded by Workday or the Employer, Participant may be able to seek a refund from the applicable tax authority. In the event of
under-withholding by Workday or the Employer for any reason, Participant may be required to pay any additional Tax-Related Items directly
to the applicable tax authority. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, Participant
will be deemed to have been issued the full number of Shares issued upon exercise of the Options notwithstanding that a number of the
Shares are held back solely for the purpose of paying the Tax-Related Items. The Fair Market Value of these Shares, determined as of the
effective date of the Option exercise, will be applied as a credit against the Tax-Related Items withholding.

 

Finally, Participant agrees to pay to Workday
or the Employer any amount of Tax-Related Items that Workday or the Employer may be required to withhold or account for as a result of
Participant’s participation in the Plan that cannot be satisfied by the means previously described. Workday may refuse to issue
or deliver the Shares or the proceeds of the sale of Shares, if Participant fails to comply with his or her obligations in connection
with the Tax-Related Items.

 

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(b) Notice
of Disqualifying Disposition of ISO Shares. For U.S. taxpayers, if Participant sells or otherwise disposes of any of the Shares acquired
pursuant to an ISO on or before the later of (i) two years after the grant date, or (ii) one year after the exercise date, Participant
will immediately notify Workday in writing of such disposition. Participant agrees that he or she may be subject to income tax withholding
by Workday on the compensation income recognized from such early disposition of ISO Shares by payment in cash or out of the current wages
or other cash compensation paid to Participant by Workday and/or the Employer or any Parent, Subsidiary or Affiliate.

 

9. Nature of Grant.
By accepting the Option, Participant acknowledges, understands and agrees that:

 

(a) the
Plan is established voluntarily by Workday, it is discretionary in nature, and may be amended, suspended or terminated by Workday at any
time, to the extent permitted by the Plan;

 

(b) the
grant of the Option is voluntary and occasional and does not create any contractual or other right to receive future grants of options,
or benefits in lieu of options, even if options have been granted in the past;

 

(c) all
decisions with respect to future Option or other grants, if any, will be at the sole discretion of Workday;

 

(d) the
Option grant and Participant’s participation in the Plan will not create a right to employment or be interpreted as forming an employment
or service contract with Workday, the Employer or any Parent, Subsidiary or Affiliate and shall not interfere with any ability Workday,
the Employer or any Parent, Subsidiary or Affiliate, as applicable, may have to Terminate Participant’s employment or service;

 

(e) Participant
is voluntarily participating in the Plan;

 

(f) the
Option and the Shares subject to the Option, and the income from and value of same, are not intended to replace any pension rights or
compensation;

 

(g) the
Option and the Shares subject to the Option, and the income and value of same, are not part of normal or expected compensation for any
purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments,
bonuses, long-service awards, pension or retirement or welfare benefits or similar payments;

 

(h) the
future value of the underlying Shares is unknown, indeterminable, and cannot be predicted with certainty;

 

(i) if
the underlying Shares do not increase in value, the Option will have no value;

 

(j) if
Participant exercises the Option and acquires Shares, the value of such Shares may increase or decrease, even below the Exercise Price;

 

(k) no
claim or entitlement to compensation or damages will arise from forfeiture of the Option resulting from (i) the application of any
compensation recovery or clawback policy adopted by Workday or otherwise required by law, or (ii) Participant’s Termination
(regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction
where Participant is employed or the terms of Participant’s employment agreement, if any);

 

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(l) unless
otherwise provided in the Plan or by Workday in its discretion, the Option and the benefits evidenced by this Option Agreement do not
create any entitlement to have the Option or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed
out or substituted for, in connection with any Corporate Transaction affecting the Shares; and

 

(m) neither
Workday, the Employer nor any Parent, Subsidiary or Affiliate will be liable for any foreign exchange rate fluctuation between Participant’s
local currency and the United States Dollar that may affect the value of the Option or of any amounts due to Participant pursuant to the
exercise of the Option or the subsequent sale of any Shares acquired upon exercise.

 

10. No Advice Regarding
Grant. Workday is not providing any tax, legal or financial advice, nor is Workday making any recommendations regarding Participant’s
participation in the Plan, or Participant’s acquisition or sale of the underlying Shares. Participant acknowledges, understands
and agrees that he or she should consult with his or her own personal tax, legal and financial advisors regarding his or her participation
in the Plan before taking any action related to the Plan.

 

11. Language.
Participant acknowledges that he or she is sufficiently proficient in English or has consulted with an advisor who is proficient in English,
as to allow Participant to understand the terms and conditions of this Option Agreement, including the Appendix and any other documents
related to the Plan. If Participant has received this Option Agreement or any other document related to the Option and/or the Plan translated
into a language other than English and if the meaning of the translated version is different than the English version, the English version
will control.

 

12. Jurisdiction-Specific
Provisions. Notwithstanding any provisions in this Option Agreement, the Option grant will be subject to any special terms and
conditions for Participant’s jurisdiction set forth in the Appendices. Moreover, if Participant relocates to one of the jurisdictions
included in the Appendices, the special terms and conditions for such jurisdiction will apply to Participant, to the extent Workday determines
that the application of such terms and conditions is necessary or advisable for legal or administrative reasons. The Appendices constitute
part of this Option Agreement.

 

13. Imposition of Other
Requirements. Workday reserves the right to impose other requirements on Participant’s participation in the Plan, on the
Option and on any Shares purchased upon exercise of the Option, to the extent Workday determines it is necessary or advisable for legal
or administrative reasons, and to require Participant to sign any additional agreements or undertakings that may be necessary to accomplish
the foregoing.

 

14. Acknowledgement.
Workday and Participant agree that the Option is granted under and governed by the Notice, this Option Agreement and by the provisions
of the Plan (incorporated herein by reference). Participant: (i) acknowledges receipt of a copy of the Plan and the Plan prospectus,
(ii) represents that Participant has carefully read and is familiar with their provisions, and (iii) hereby accepts the Option
subject to all of the terms and conditions set forth herein and those set forth in the Plan and the Notice.

 

15. Entire Agreement;
Enforcement of Rights. This Option Agreement, the Plan and the Notice constitute the entire agreement and understanding of the
parties relating to the subject matter herein and supersede all prior discussions between them. Any prior agreements, commitments or negotiations
concerning the purchase of the Shares hereunder are superseded. No adverse modification of or adverse amendment to this Option Agreement,
nor any waiver of any rights under this Option Agreement, will be effective unless in writing and signed by the parties to this Option
Agreement (which writing and signing may be electronic). The failure by either party to enforce any rights under this Option Agreement
will not be construed as a waiver of any rights of such party.

 

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16. Compliance with
Laws and Regulations. The issuance of Shares and any restriction on the sale of Shares will be subject to and conditioned upon
compliance by Workday and Participant with all applicable U.S. and non-U.S. local, state and federal laws and regulations and with all
applicable requirements of any stock exchange or automated quotation system on which Workday’s Shares may be listed or quoted at
the time of such issuance or transfer. Participant understands that Workday is under no obligation to register or qualify the Shares with
any U.S. state or federal or any non-U.S. securities commission or to seek approval or clearance from any governmental authority for the
issuance or sale of the Shares. Further, Participant agrees that Workday shall have unilateral authority to amend the Plan and this Option
Agreement without Participant’s consent to the extent necessary to comply with securities or other laws applicable to issuance of
Shares. Finally, the Shares issued pursuant to this Option Agreement shall be endorsed with appropriate legends, if any, determined by
Workday.

 

17. Severability.
If one or more provisions of this Option Agreement are held to be unenforceable under applicable law, such provision(s) will be enforced
to the maximum extent possible given the intent of the parties hereto and the parties agrees to renegotiate any unenforceable provision
in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such unenforceable provision,
then (a) such provision will be excluded from this Option Agreement, (b) the balance of this Agreement will be interpreted as
if such provision were so excluded and (c) the balance of this Option Agreement will be enforceable in accordance with its terms.

 

18. Governing Law and
Venue. This Option Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto
will be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving effect to such state’s
principles of conflict of laws.

 

Any and all disputes relating to, concerning or
arising from this Option Agreement, or relating to, concerning or arising from the relationship between the parties evidenced by the Plan
or this Option Agreement, will be brought and heard exclusively in the United States District Court for the Northern District of California
or the Superior Court of California, Alameda County. Each of the parties hereby represents and agrees that such party is subject to the
personal jurisdiction of said courts; hereby irrevocably consents to the jurisdiction of such courts in any legal or equitable proceedings
related to, concerning or arising from such dispute, and waives, to the fullest extent permitted by law, any objection which such party
may now or hereafter have that the laying of the venue of any legal or equitable proceedings related to, concerning or arising from such
dispute which is brought in such courts is improper or that such proceedings have been brought in an inconvenient forum.

 

19. Insider Trading
/ Market Abuse Laws. Participant may be subject to insider trading restrictions and/or market abuse laws in applicable jurisdictions,
including, but not limited to, the United States and, if different, Participant’s country, which may affect Participant’s
ability to directly or indirectly accept, acquire, sell or otherwise dispose of Shares, rights to Shares (e.g., Options) or rights
linked to the value of Shares under the Plan during such times as Participant is considered to have “inside information” regarding
Workday (as defined by the laws in the applicable jurisdictions). Local insider trading laws and regulations may prohibit the cancellation
or amendment of orders Participant placed before possessing the inside information. Furthermore, Participant may be prohibited from (a) disclosing
the inside information to any third party, including fellow employees (other than on a “need to know” basis) and (b) “tipping”
third parties or causing them to otherwise buy or sell securities. Any restrictions under these laws or regulations are separate from
and in addition to any restrictions that may be imposed under any applicable Workday insider trading policy and/or any Workday 10b5-1
trading plan. Neither Workday nor any Parent, Subsidiary or Affiliate will be responsible for such restrictions or liable for the failure
on Participant’s part to know and abide by such restrictions. Participant should consult with his or her own personal legal advisers
to ensure compliance with local laws. In addition, Participant acknowledges that he or she read Workday’s Insider Trading Policy,
and agrees to comply with such policy, as it may be amended from time to time, whenever Participant acquires, disposes of, other otherwise
transacts in Workday’s securities.

 

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20. Foreign Asset/Account
and Tax Reporting Requirements and Exchange Controls. Participant acknowledges that his or her country may have certain foreign
asset and/or foreign account reporting and/or tax reporting requirements and exchange controls which may affect Participant’s ability
to acquire or hold Shares purchased under the Plan or cash received from participating in the Plan (including from any dividends paid
on or sales proceeds arising from the sale of Shares acquired under the Plan) in a brokerage or bank account outside Participant’s
country. Participant may be required to report such accounts, assets or transactions to the tax or other authorities in his or her country.
Participant also may be required to repatriate sale proceeds or other funds received as a result of his or her participation in the Plan
to Participant’s country through a designated bank or broker and/or within a certain time after receipt. Participant acknowledges
that it is Participant’s responsibility comply with such regulations, and Participant should consult a personal legal advisor for
any details.

 

21. Option Subject to
Workday Clawback or Recoupment. To the extent permitted by applicable law, the Options will be subject to clawback or recoupment
pursuant to any compensation clawback or recoupment policy adopted by the Board or Compensation Committee or required by law during the
term of Participant’s employment or other service that is applicable to Participant. In addition to any other remedies available
under such policy and applicable law, Workday may require the cancellation of Participant’s Options (whether vested or unvested)
and the recoupment of any gains realized with respect to Participant’s Options.

 

22. No Rights as Employee,
Director or Consultant. Nothing in this Option Agreement will affect in any manner whatsoever any right or power Workday, the
Employer or any Parent, Subsidiary or Affiliate may have to terminate Participant’s service, for any reason, with or without Cause.

 

23. No Stockholder Rights.
Unless and until the Shares are issued (as evidenced by the appropriate entry on the books of Workday or of a duly authorized transfer
agent of Workday), no right to vote or receive dividends or any other rights as a stockholder will exist with respect to the Shares, notwithstanding
the exercise of the Option.

 

24. Consent to Electronic
Delivery of All Plan Documents and Disclosures. By Participant’s acceptance (whether in writing, electronically or otherwise)
of the Notice, Participant and Workday agree that this Option is granted under and governed by the terms and conditions of the Plan, the
Notice and this Option Agreement. Participant has reviewed the Plan, the Plan prospectus, the Notice and this Option Agreement in their
entirety, has had an opportunity to obtain the advice of counsel prior to executing the Notice, and fully understands all provisions of
the Plan, the Notice and this Option Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or
interpretations of the Committee upon any questions relating to the Plan, the Notice and this Option Agreement. Participant further agrees
to notify Workday upon any change in Participant’s residence address indicated on the Notice.

 

By acceptance of this Option, Participant agrees
to participate in the Plan through an on-line or electronic system established and maintained by Workday or a third party designated by
Workday and consents to the electronic delivery of the Notice, this Option Agreement, the Plan, account statements, Plan prospectuses
required by the U.S. Securities and Exchange Commission, U.S. financial reports of Workday, and all other documents that Workday is required
to deliver to its security holders (including, without limitation, annual reports and proxy statements) or other communications or information
related to the Option and current or future participation in the Plan. Electronic delivery may include the delivery of a link to the Workday
intranet or the internet site of a third party involved in administering the Plan, the delivery of the document via e-mail or such other
delivery determined at Workday’s discretion. Participant acknowledges that Participant may receive from Workday a paper copy of
any documents delivered electronically at no cost if Participant contacts Workday by telephone, through a postal service or electronic
mail to Stock Administration at stock.admin@workday.com. Participant further acknowledges that Participant will be provided with
a paper copy of any documents delivered electronically if electronic delivery fails; similarly, Participant understands that Participant
must provide on request to Workday or any designated third party a paper copy of any documents delivered electronically if electronic
delivery fails. Also, Participant understands that Participant’s consent may be revoked or changed, including any change in the
electronic mail address to which documents are delivered (if Participant has provided an electronic mail address), at any time by notifying
Workday of such revised or revoked consent by telephone, postal service or electronic mail through Stock Administration. Finally, Participant
understands that Participant is not required to consent to electronic delivery.

 

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APPENDIX A

 

WORKDAY, INC.

2022 EQUITY INCENTIVE PLAN

STOCK OPTION AWARD AGREEMENT

 

DATA
PRIVACY PROVISIONS FOR EMPLOYEES OUTSIDE THE UNITED STATES

 

PART 1 - EUROPEAN UNION,
EUROPEAN ECONOMIC AREA, SWITZERLAND AND UNITED KINGDOM

 

Data Privacy Notice.

 

(a)           Data
Collection and Usage. Workday and any Parent, Subsidiary, or Affiliate, including the Employer, may control, collect, process and
use certain information, including, but not limited to, Participant’s name, home address and telephone number, email address, date
of birth, social insurance, passport or other identification number, salary, nationality, job title, any Shares or directorships held
in Workday, details of all stock options or any other entitlement to Shares or equivalent benefits awarded, canceled, exercised, vested,
unvested or outstanding in Participant’s favor, for the purposes of implementing, administering and managing the Plan. Processing
of personal data for Plan purposes will be necessary for the performance of the Agreement or in the legitimate interests of Workday, the
Employer, any Parent, Subsidiary, Affiliate or a third party which are not overridden by Participant privacy rights, interests or freedoms
on balance.

 

(b)           Stock
Plan Administration Service Providers. Workday transfers relevant Plan information, including Participant personal data to E*Trade
Financial Corporate Services, Inc. and E*Trade Securities LLC (collectively, “E*Trade”), an independent service provider
based in the United States, which is assisting Workday with the implementation, administration and management of the Plan. Workday may
select a different service provider or additional service providers and share information including personal data with such other provider(s) serving
in a similar manner. Participant may be asked to agree on separate terms or acknowledge data processing practices with the service provider,
with such agreement or practice being a condition to the ability to participate in the Plan.

 

(c)           International
Data Transfers. Workday, E*Trade and relevant service providers are based in the United States. Personal data will be processed in
the United States and other international locations in connection with global operations from time to time. Participant’s jurisdiction
may have different data privacy laws. To protect data privacy rights, Workday maintains a program to implement international data transfer
safeguards, this may include entering approved standard contractual clauses with data importers where required by Participant’s
local jurisdiction laws.

 

(d)           Data
Retention. Personal data will be processed only as long as is necessary to implement, administer and manage Participant’s participation
in the Plan, or as required to comply with legal or regulatory obligations, including under tax securities, exchange control and labor
laws. This period may extend beyond when Participant’s service Terminates. When Workday no longer needs personal data, Workday will
remove it from its systems to the fullest extent reasonably practicable. If Workday keeps personal data longer, it would be to satisfy
legal or regulatory obligations and Workday’s legal basis, where required, would include the relevant laws or regulations.

 

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(e)           Data
Subject Rights. Participant may have a number of rights under data privacy laws in Participant’s jurisdiction. Depending on
where Participant is based and relevant data privacy laws regulating the processing activity, such rights may include the right to (i) request
access or copies of personal data Workday processes, including a summary of processing activities and recipient categories, (ii) rectification,
(iii) deletion or erasure, (iv) restrictions on processing, (v) portability and/or (vi) lodge complaints with competent
authorities in Participant’s jurisdiction. To receive clarification regarding this data privacy notice, these rights or to exercise
applicable rights in relation to the personal data processed by Workday, Participant can make an electronic request via Workday’s
Privacy Portal or write to the office address specified in Workday’s Employment Privacy Statement.

 

(f)            Workday’s
Employment Privacy Statement. Further information on Workday’s data privacy practices can be found within Workday’s Employment
Privacy Statement which supplements this data privacy notice.

 

PART 2 - COUNTRIES OUTSIDE THE EUROPEAN UNION, EUROPEAN
ECONOMIC AREA, SWITZERLAND AND UNITED KINGDOM

 

Data Privacy Notice and Consent.

 

(a)           Data
Collection and Usage. Workday and any Parent, Subsidiary, or Affiliate, including the Employer, may collect, process and use certain
personal information about Participant, including, but not limited to, Participant’s name, home address and telephone number, email
address, date of birth, social insurance, passport or other identification number, salary, nationality, job title, any Shares or directorships
held in Workday, details of all stock options or any other entitlement to Shares or equivalent benefits awarded, canceled, exercised,
vested, unvested or outstanding in Participant’s favor (“Data”), for the purposes of implementing, administering and
managing the Plan. The legal basis, where required, for the processing of Data is Participant’s consent.

 

(b)          Stock
Plan Administration Service Providers. Workday transfers Data to E*Trade Financial Corporate Services, Inc. and E*Trade Securities
LLC (collectively, “E*Trade”), an independent service provider based in the United States, which is assisting Workday with
the implementation, administration and management of the Plan. Workday may select a different service provider or additional service providers
and share Data with such other provider(s) serving in a similar manner. Participant may be asked to agree on separate terms and data
processing practices with the service provider, with such agreement being a condition to the ability to participate in the Plan.

 

(c)           International
Data Transfers. Workday and its service providers are based in the United States. Participant’s country or jurisdiction may
have different data privacy laws and protections than the United States. Workday’s legal basis, where required, for the transfer
of Data is Participant’s consent.

 

(d)        Data
Retention. Workday will hold and use Data only as long as is necessary to implement, administer and manage Participant’s participation
in the Plan, or as required to comply with legal or regulatory obligations, including under tax securities, exchange control and labor
laws. This period may extend beyond when Participant’s service Terminates. When Workday no longer needs the Data, Workday will remove
it from its systems to the fullest extent reasonably practicable. If Workday keeps Data longer, it would be to satisfy legal or regulatory
obligations and Workday’s legal basis, where required, would be the relevant laws or regulations.

 

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(e)           Voluntariness
and Consequences of Consent Denial or Withdrawal. Participation in the Plan is voluntary and Participant is providing the consents
herein on a purely voluntary basis. If Participant does not consent, or if Participant later seeks to revoke his or her consent, Participant’s
salary from or employment and career with the Employer will not be affected; the only consequence of refusing or withdrawing Participant’s
consent is that Workday would not be able to grant stock options or other equity awards to Participant or administer or maintain such
awards.

 

(f)            Data
Subject Rights. Participant may have a number of rights under data privacy laws in Participant’s jurisdiction. Depending on
where Participant is based, such rights may include the right to (i) request access or copies of Data Workday processes, (ii) rectification
of incorrect Data, (iii) deletion of Data, (iv) restrictions on processing of Data, (v) portability of Data, (vi) lodge
complaints with competent authorities in Participant’s jurisdiction, and/or (vii) receive a list with the names and addresses
of any potential recipients of Data. To receive clarification regarding this data privacy notice, these rights or to exercise applicable
rights in relation to the personal data processed by Workday, Participant can make an electronic request via Workday’s Privacy Portal
or write to the office address specified in Workday’s Employment Privacy Statement.

 

(g)           Workday’s
Employment Privacy Statement. Further information on Workday’s data privacy practices can be found within Workday’s Employment
Privacy Statement which supplements this data privacy notice.

 

By accepting the Option and indicating consent
via Workday’s acceptance procedure, Participant is declaring that Participant agrees with the data processing practices described
herein and consents to the collection, processing and use of Data by Workday and the transfer of Data to the recipients mentioned above,
including recipients located in countries which may not provide the same level of protection as Participant's country from a data protection
perspective, for the purposes described above.

 

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APPENDIX
B

 

WORKDAY, INC.

2022 EQUITY INCENTIVE PLAN

GLOBAL STOCK OPTION AWARD AGREEMENT

 

JURISDICTION-SPECIFIC
PROVISIONS FOR EMPLOYEES OUTSIDE THE U.S.

 

Terms and Conditions

 

This Appendix B includes additional terms and
conditions that govern the Option granted to Participant under the Plan if Participant resides and/or works in one of the jurisdictions
below. This Appendix B forms part of the Option Agreement. Any capitalized term used in this Appendix B without definition will have the
meaning ascribed to it in the Notice, the Option Agreement or the Plan, as applicable.

 

If Participant is a citizen or resident of a jurisdiction,
or is considered resident of a jurisdiction, other than the one in which Participant is currently working, or Participant transfers employment
and/or residency between jurisdictions after the Date of Grant, Workday will, in its sole discretion, determine to what extent the additional
terms and conditions included herein will apply to Participant under these circumstances.

 

Notifications

 

This Appendix B also includes information relating
to securities laws, exchange control, foreign asset / account reporting requirements and other issues of which Participant should be aware
with respect to Participant’s participation in the Plan. The information is based on the securities, exchange control and other
laws in effect in the respective jurisdictions as of March 2022. Such laws are often complex and change frequently. As a result,
Participant should not rely on the information herein as the only source of information relating to the consequences of Participant’s
participation in the Plan because the information may be out of date at the time that Participant exercises the Option or sells Shares
acquired under the Plan.

 

In addition, the information is general in nature
and may not apply to Participant’s particular situation, and Workday is not in a position to assure Participant of any particular
result. Accordingly, Participant is advised to seek appropriate professional advice as to how the relevant laws in Participant’s
jurisdiction may apply to Participant’s situation.

 

Finally, if Participant is a citizen or resident
of a jurisdiction, or is considered resident of a jurisdiction, other than the one in which Participant is currently working, or Participant
transfers employment and/or residency after the Date of Grant, the information contained herein may not apply to Participant in the same
manner.

 

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AUSTRALIA

 

Notifications

 

Tax Information. The Plan is a plan to
which Subdivision 83A-C of the Income Tax Assessment Act 1997 (Cth) applies (subject to the conditions in the Act).

 

Securities Law Information. If Participant
offers any Shares for sale to a person or entity resident in Australia, the offer may be subject to disclosure requirements under Australian
law (in addition to any requirements under the Plan and this Option Agreement). Participant should consult with his or her personal
legal advisor prior to making any such offer to ensure compliance with the applicable requirements.

 

Exchange Control Information. Exchange
control reporting is required for cash transactions exceeding AUD 10,000 and international fund transfers. The Australian bank assisting
with the transaction may file the report on Participant's behalf. If there is no Australian bank involved in the transfer, Participant
will be required to file the report. Participant should consult with his or her personal advisor to ensure proper compliance with applicable
reporting requirements in Australia.

 

AUSTRIA

 

Notifications

 

Exchange Control Information. If Participant
holds securities (including Shares acquired under the Plan) or cash (including proceeds from the sale of Shares) outside of Austria, Participant
will be required to report certain information to the Austrian National Bank on an annual basis if the value of the shares as of December 31
meets or exceeds €5,000,000. The deadline for filing the annual report is January 31 of the following year.

 

In addition, when the Shares are sold or a dividend
is received, Participant may be required to comply with certain exchange control obligations if the cash proceeds from the sale are held
outside of Austria. If the transaction volume of all accounts abroad meets or exceeds €10,000,000, the movement and balances of all
accounts must be reported monthly, as of the last day of the month, on or before the 15th of the following month on the prescribed form
(Meldungen SI-Forderungen und/oder SI-Verpflichtungen).

 

BELGIUM

 

Notifications

 

Acceptance of Option. The taxation of the
Options will depend on when the Options are accepted. Participant will receive a separate letter, acceptance form and undertaking form
along with the Option Agreement. Participant should refer to the separate letter for a detailed description of the tax consequences of
accepting the Options. Participant should consult with his or her personal tax advisor regarding the tax consequences of accepting
the Options and the completion of the additional forms.

 

Foreign Asset/Account Reporting Information.
If Participant is a Belgian resident, Participant is required to report any securities (e.g., Shares acquired under the Plan) or bank
account (including brokerage accounts) held outside Belgium on Participant’s annual tax return. In a separate report, Belgian residents
are required to provide the National Bank of Belgium with the account details of any such foreign accounts (including the account number,
bank name and country in which any such account was opened). This report, as well as additional information on how to complete it, can
be found on the website of the National Bank of Belgium, www.nbb.be.

 

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CANADA

 

Terms and Conditions

 

Exercisability/Termination. This provision
supplements or replaces, as applicable, the provisions on Termination and Termination Date set forth in Section 1 of the Global
Notice of Stock Option Grant and Section 2 of the Option Agreement as well as the “Termination” and “Termination
Date” definitions in Section 29 of the Plan (and, for the avoidance of doubt, the definition of “Termination Date”
included herein replaces the definition of “Termination Date” set forth in Section 2(a) of this Agreement and Section 29
of the Plan as permitted by the Plan):

 

Workday, or in the case of Insiders, the Committee
will have sole discretion to determine whether a Participant has ceased to provide services for purposes of the Plan and the effective
date on which the Participant ceased to provide services (the “Termination Date”), as provided in the Plan.
For purposes of the Option, the Termination Date will be the date Participant is no longer actually providing services (regardless of
the reason for such termination and whether or not the termination is later found to be invalid or in breach of employment laws in the
jurisdiction where Participant is employed or otherwise rendering services or the terms of Participant’s employment or service
agreement, if any). Unless explicitly required by applicable legislation or determined by Workday, or in the case of Insiders, the Committee,
Participant's period of service for purposes of the Option will exclude and will not be extended by any period during which notice, pay
in lieu of notice or related payments or damages are provided or required to be provided under statute, contract, common/civil law or
otherwise. Participant will not earn, or be entitled to earn, any pro-rated vesting or exercisability for that portion of time before
the date on which Participant’s right to vest in or exercise the Option terminates, nor will Participant be entitled to any compensation
for lost vesting or exercisability. Notwithstanding the foregoing, if applicable employment standards legislation explicitly requires
continued entitlement to vesting and/or exercisability during a statutory notice period, Participant’s right to vesting or exercise
of the Option, if any, will terminate effective as of the last day of Participant’s minimum statutory notice period, but Participant
will not earn or be entitled to pro-rated vesting or extended exercisability if the vesting date or exercisability period falls after
the end of Participant’s statutory notice period, nor will Participant be entitled to any compensation for lost vesting or exercisability.

 

Method of Payment. The following provision
supplements Section 5 of the Option Agreement:

 

Due to tax considerations in Canada, payment
of the aggregate Exercise Price may not be made by the method set forth in Section 5(c) of the Option Agreement. Workday reserves
the right to allow this method of payment depending on the development of applicable law.

 

The following provisions apply to Participants
in Quebec:

 

Data Privacy. The following provision
supplements Part 2 of Appendix A.

 

Participant hereby authorizes Workday and Workday’s
representatives to discuss and obtain all relevant information from all personnel, professional or non-professional, involved with the
administration and operation of the Plan for purposes that relate to the administration of the Plan. Participant further authorizes Workday,
the Employer and/or any other Parent, Subsidiary or Affiliate to disclose and discuss such information with their advisors. Participant
acknowledges and agrees that Participant's personal information, including any sensitive personal information, may be transferred or
disclosed outside of the province of Quebec, including to the U.S. Participant also authorizes Workday, the Employer and/or any other
Parent, Subsidiary or Affiliate to record such information and to keep such information in Participant’s employment file. If applicable,
Participant also acknowledges and authorizes Workday, the Employer and/or any other Parent, Subsidiary or Affiliate involved in the administration
of the Plan to use technology for profiling purposes and to make automated decisions that may have an impact on Participant or the administration
of the Plan.

 

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Language Consent. The parties acknowledge
that it is their express wish that this Option Agreement, as well as all documents, notices and legal proceedings entered into, given
or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English.

 

Consentement Relatif à la Langue
Utilisée. Les parties reconnaissent avoir exigé que cette convention [“Option Agreement”], ainsi que tous
les documents, avis et procédures judiciaries, éxecutés, donnés ou intentés en vertu de, ou lié
directement ou indirectement à la présente convention, soient rédigés en langue anglaise.

 

Notifications

 

Securities Law Information. Participant
understands he or she is permitted to sell Shares acquired through the Plan through the designated broker appointed under the Plan, if
any, provided the resale of Shares acquired under the Plan takes place outside of Canada through the facilities of a stock exchange on
which the Shares are listed. The Shares are currently listed on the Nasdaq Global Select Market (the “Nasdaq”).

 

Foreign Asset/Account Reporting Information.
Canadian residents are required to report foreign specified property, including Shares and rights to receive Shares (e.g., Options),
on form T1135 (Foreign Income Verification Statement) if the total cost of the foreign specified property exceeds C$100,000 at any time
during the year. Options must be reported (generally, at a nil cost) if the C$100,000 cost threshold is exceeded because of other foreign
specified property held by Participant. When Shares are acquired, their cost generally is the adjusted cost base (“ACB”)
of the Shares. The ACB would ordinarily equal the fair market value of the Shares at the time of acquisition, but if Participant owns
other Shares, this ACB may have to be averaged with the ACB of the other Shares.

 

CHINA

 

Terms and Conditions

 

The following provisions govern Participant’s
participation in the Plan only if Participant is subject to exchange control restrictions in the People’s Republic of China (“China”),
as determined by Workday in its sole discretion.

 

Vesting and Exercisability. This section
supplements Sections 1 and 2 of the Option Agreement:

 

Workday is under no obligation to vest Options
or issue Shares unless and until its registration application is approved by the Chinese State Administration of Foreign Exchange (“SAFE”).
Further, at Workday’s discretion, the Option will not vest or be exercised and Shares will not be issued if, at the time Participant’s
Option is otherwise scheduled to vest, the SAFE registration has become invalid or ceased to be effective for any reason. Further, Options
will not vest or become exercisable and the underlying Shares will not be issued unless and until Workday determines that such vesting
and issuance of Shares complies with all relevant laws and regulations.

 

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Method of Payment. The following provision
supplements Section 5 of the Option Agreement:

 

To facilitate compliance with applicable laws
and regulations in China, payment of the aggregate Exercise Price must be made by consideration received by Workday pursuant to a broker-assisted
exercise or “same-day sale” or other form of cashless exercise program implemented by Workday in connection with the Plan.
Workday reserves the right to allow additional methods of payment depending on the development of applicable law.

 

Exchange Control Requirements. Any Shares
that Participant acquires at vesting or exercise of the Option (less amounts required to be withheld to satisfy Tax-Related Items) will
be credited to Participant’s account with E*Trade or such other broker as may be selected by Workday. Participant understands that
these Shares must remain in such account until Participant decides or is required to sell them. Participant understands and agrees that,
due to exchange control laws in China, Participant will be required to immediately repatriate to China any funds received from participating
in the Plan (including cash proceeds from the sale of Shares and any dividends paid on such Shares). Participant further understands
that, under exchange control laws in China, such repatriation of the funds will need to be effected through a special exchange control
account established by Workday, the Employer or another Subsidiary, and Participant hereby consents and agrees that the funds will be
transferred to such special account prior to being delivered to Participant. Participant also understands that Workday will deliver the
funds to Participant as soon as possible, but there may be delays in distributing the funds to Participant due to exchange control requirements
in China. The funds may be paid in U.S. dollars or local currency, at Workday’s discretion. If the funds are paid in U.S. dollars,
Participant understands that Participant may be required to open a U.S. Dollar bank account in China into which the funds can be deposited.
If the funds are converted to local currency, Participant acknowledges that Workday is under no obligation to secure any particular currency
conversion rate, and that it may face delays in converting the funds to local currency. Participant will bear the risk of any currency
conversion rate fluctuation between the date that the Shares are sold (or any other funds are received) and the date of conversion of
the funds to local currency. Participant must comply with any other requirements imposed by Workday in the future in order to facilitate
compliance to the exchange control requirements in China.

 

CZECH REPUBLIC

 

Notifications

 

Exchange Control Information. Upon request
of the Czech National Bank, Participant may be required to file a report in connection with the Option and the opening and maintenance
of a foreign account. However, because exchange control regulations change frequently and without notice, Participant should consult
with his or her personal advisor before vesting or exercise of the Option and before opening any foreign accounts in connection with
the Option to ensure compliance with current regulations. Participant is responsible for complying with applicable Czech exchange control
laws.

 

DENMARK

 

Terms and Conditions

 

Danish Stock Option Act. Participant acknowledges
that he or she has received the Employer Statement in Danish which sets forth additional information about the Option to the extent that
the Danish Stock Option Act, as amended as of 1 January 2019 (the “Act”), applies.

 

Participant understands that the Act only applies
to “employees” as that term is defined in Section 2 of the Act. If Participant is a member of the registered management
of a Subsidiary in Denmark or otherwise does not satisfy the definition of employee, he or she is not subject to the Act and the Employer
Statement will not apply to him or her.

 

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Notifications

 

Foreign Asset/Account Reporting Information.
If the Participant establishes an account holding Shares or cash outside Denmark, the Participant must report the account to the Danish
Tax Administration. The form may be obtained from a local bank.

 

FINLAND

 

There are no country-specific provisions.

 

FRANCE

 

Terms and Conditions

 

Language Consent. By accepting the Option,
Participant confirms having read and understood the Plan and this Option Agreement, which were provided in the English language. Participant
accepts the terms of those documents accordingly.

 

Consentement Relatif à la Langue
Utilisée. En acceptant cette Attribution, le Participant confirme avoir lu et compris le Plan et le présent Contrat
d’Attribution qui ont été transmis en langue anglaise. Le Participant accepte les termes et conditions de ces documents
en connaissance de cause.

 

Notifications

 

Exchange Control Information. The value
of any cash or securities imported to or exported from France without the use of a financial institution must be reported to the customs
and excise authorities when the value of such cash or securities is exceeds a certain threshold. Participant should consult with a
personal legal advisor for further details regarding this requirement.

 

Foreign Asset/Account Reporting Information.
If Participant holds securities (including Shares purchased under the Plan) or maintains a foreign bank account, Participant is required
to report these to the French tax authorities when filing Participant’s annual tax return.

 

GERMANY

 

Notifications

 

Exchange Control Information. Cross border
payments in excess of €12,500 must be reported monthly to the Deutsche Bundesbank. Such reporting obligation might arise
when the Option is exercised and when Shares are subsequently sold by Participant. Participant is responsible for complying with applicable
reporting obligations and should consult with a personal legal advisor on this matter.

 

Foreign Asset/Account Reporting Information.
If Participant’s acquisition of Shares under the Plan leads to a so-called qualified participation at any point during the calendar
year, Participant will need to report the acquisition when he or she files his or her tax return for the relevant year. A qualified participation
is attained if (i) the value of the Shares acquired exceeds EUR 150,000 or (ii) in the unlikely event that Participant holds
Shares exceeding 10% of the total capital of Workday. However, if the Shares are listed on a recognized U.S. stock exchange and Participant
owns less than 1% of Workday, this requirement will not apply to him or her. If applicable, Participant will be responsible for obtaining
the appropriate form from a German federal bank and complying with the reporting obligations.

 

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GREECE

 

Foreign Asset/Account Reporting Information. If Participant
acquires Shares under the Plan, Participant must report such foreign assets on Participant's tax return.

 

HONG
KONG

 

Terms and Conditions

 

Securities Law Information. WARNING:
The grant of the Option under the Plan and the Shares subject to the Option do not constitute a public offer of securities under Hong
Kong law and are available only to employees of Workday, its Subsidiaries and any Parent. This Option Agreement and the Plan and any
other incidental communication materials distributed in connection with the Plan (i) have not been prepared in accordance with and
are not intended to constitute a “prospectus” for a public offering of securities under the applicable securities legislation
in Hong Kong, (ii) have not been reviewed by any regulatory authority in Hong Kong, and (iii) are intended only for the personal
use of eligible employees of Workday, its Subsidiaries and any Parent, and may not be distributed to any other person.

 

Participant is advised to exercise caution
in relation to the right to acquire Shares. If Participant is in any doubt about any of the contents of this Option Agreement, the Plan
or any other incidental communication materials distributed in connection with the Plan, Participant should obtain independent professional
advice.

 

Sale of Shares. By accepting the Option,
Participant agrees that in the event Shares are issued in respect of the Option within six months of the Date of Grant, Participant will
not dispose of any Shares acquired prior to the six-month anniversary of the Date of Grant.

 

INDIA

 

Terms and Conditions

 

Method of Payment. The following provision
supplements Section 5 of the Option Agreement:

 

Payment of the aggregate Exercise Price must
be made in compliance with applicable exchange control laws.

 

Without limitation to the foregoing, to facilitate
compliance with applicable exchange control laws in India, Workday may require that payment of the aggregate Exercise Price be made by
consideration received by Workday pursuant to a broker-assisted exercise or “same-day sale” or other form of cashless exercise
program implemented by Workday in connection with the Plan.

 

Notifications

 

Exchange Control Information. Participants
resident in India are required to repatriate to India any funds received under the Plan within such period of time prescribed under applicable
Indian exchange control regulations, as may be amended from time to time. Upon repatriation, a foreign inward remittance certificate
(“FIRC”) will be issued by the bank where the foreign currency is deposited. The FIRC should be retained as
evidence of the repatriation of funds in the event the Reserve Bank of India or the Employer requests proof of repatriation. It is Participant’s
responsibility to comply with applicable exchange control laws in India.

 

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Foreign Asset/Account Reporting Information.
Indian residents must declare the following items in their annual tax returns: (i) any foreign assets held (including Shares acquired
under the Plan), and (ii) any foreign bank accounts for which the resident has signing authority. It is Participant’s responsibility
to comply with applicable tax laws in India. Participant should consult with a personal tax advisor to ensure proper reporting of foreign
assets and bank accounts.

 

INDONESIA

 

Terms and Conditions

 

Language Consent. By accepting the Award,
Participant (i) confirms having read and understood these documents provided in the English language, (ii) accepts the terms
of these documents accordingly, and (iii) agrees not to challenge the validity of these documents based on Law No. 24 of 2009
on National Flag, Language, Coat of Arms and National Anthem or the implementing Presidential Regulation (when issued).

 

Persetujuan dan Pemberitahuan Bahasa.
Dengan menerima Penghargaan ini, (i) anda mengkonfirmasi bahwa anda telah membaca dan mengerti isi dokumen yang terkait dengan pemberian
Penghargaan ini (yaitu Rencana dan Perjanjian Opsi Saham) yang disediakan untuk anda dalam bahasa Inggris, (ii) anda menerima persyaratan
di dalam dokumen-dokumen tersebut, dan (iii) anda setuju bahwa anda tidak akan mengajukan keberatan atas keberlakuan dari dokumen
ini berdasarkan Undang-Undang No. 24 tahun 2009 tentang Bendera, Bahasa dan Lambang Negara serta Lagu Kebangsaan atau peraturan
pelaksana dari Peraturan Presiden (ketika diterbitkan nantinya).

 

Notifications

 

Exchange Control Information. Foreign
exchange activity is subject to certain reporting requirements. For foreign currency transactions exceeding USD 25,000, the underlying
document of that transaction will have to be submitted to the relevant local bank. If Participant repatriates funds (e.g., proceeds from
the sale of Shares) into Indonesia, the Indonesian bank through which the transaction is made will submit a report of the transaction
to the Bank of Indonesia.

 

For transactions of USD 10,000 or more (or its
equivalent in other currency), a more detailed description of the transaction must be included in the report and Participant may be required
to provide information about the transaction to the bank in order to complete the transaction.

 

Foreign Asset/Account Reporting Information.
Indonesian residents are required to report worldwide assets (including foreign accounts and Shares acquired under the Plan) in their
annual individual income tax return.

 

IRELAND

 

Notifications

 

Director Notification Requirement. If
Participant is a director, shadow director or secretary of an Irish Parent or Subsidiary, Participant must notify the Irish Parent or
Subsidiary in writing upon (a) receiving or disposing of an interest in Workday (e.g., options, Shares, etc.), (b) becoming
aware of the event giving rise to the notification requirement, or (c) becoming a director or secretary if such an interest exists
at the time, in each case if the interest represents more than 1% of Workday’s share capital or voting rights. This notification
requirement also applies with respect to the interests of any spouse or minor children (whose interests will be attributed to the director,
shadow director or secretary).

 

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ITALY

 

Terms and Conditions

 

Plan Document Acknowledgement. Participant
acknowledges that by accepting the Option, Participant has been given access to the Plan document, has reviewed the Plan and this Option
Agreement in their entirety and fully understands and accepts all provisions of the Plan and this Option Agreement. Further, Participant
acknowledges that he or she has read and expressly approves the following sections of the Option Agreement: Section 1. Vesting Rights;
Section 2. Termination Period; 8. Responsibility for Taxes; Section 9. Nature of Grant; Section 10. No Advice Regarding
Grant; Section 11. Language; Section 13. Imposition of Other Requirements; Section 16. Compliance with Laws and Regulations;
Section 18. Governing Law and Venue; Section 21: Option Subject to Workday Clawback or Recoupment; Section 24. Consent
to Electronic Delivery of All Plan Documents and Disclosures.

 

Notifications

 

Foreign Asset/Account Reporting Information.
Participant understands that if Participant is an Italian resident and at any time during the fiscal year Participant holds foreign financial
assets (including cash and Shares) which may generate income taxable in Italy, Participant is required to report these assets on Participant’s
annual tax return (UNICO Form, RW Schedule) for the year during which the assets are held, or on a special form if no tax return is due.
These reporting obligations will also apply to Italian residents who are the beneficial owners of foreign financial assets, even if Participant
does not directly hold investments abroad or foreign assets.

 

JAPAN

 

Notifications

 

Exchange Control Information. If the payment
amount to purchase Shares in one transaction exceeds ¥30,000,000, Participant must file a Payment Report with the Ministry of Finance
(the “MOF”) (through the Bank of Japan or the bank through which the payment was effected). If the payment amount to purchase
Shares in one transaction exceeds ¥100,000,000, Participant must file a Securities Acquisition Report, in addition to a Payment Report,
with the MOF (through the Bank of Japan).

 

Foreign Asset/Account Reporting Information.
Participant understands that if Participant holds assets outside of Japan (e.g., Shares acquired under the Plan) with a total net fair
market value exceeding ¥50,000,000 (or an equivalent amount in foreign currency) as of December 31 each year, Participant is
required to report the details of such assets to the Japanese tax authorities by March 15th of the following year. Participant acknowledges
that he or she should consult with Participant’s personal tax advisor to determine Participant’s personal reporting obligations.

 

LATVIA

 

There are no country-specific provisions.

 

    124

     

    

 

MALAYSIA

 

Terms and Conditions

 

Data Privacy. The following provision
replaces Part 2 of Appendix A.

 

Participant hereby explicitly and unambiguously
consents to the collection, use and transfer, in electronic or other form, of Participant’s personal data as described in this
Option Agreement and any other Option grant materials by and among, as applicable, Workday, the Employer and any other Parent or Subsidiary
for the exclusive purpose of implementing, administering and managing Participant’s participation in the Plan.

 

Participant understands that Workday, the
Employer and any other Parent or Subsidiary may hold certain personal information about Participant, including, but not limited to, Participant’s
name, home address, email address and telephone number, date of birth, social insurance, passport or other identification number (e.g.,
resident registration number), salary, nationality, job title, any shares of stock or directorships held in Workday, details of all Options
or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in Participant’s favor
(“Data”), for the exclusive purpose of implementing, administering and managing the Plan. The source of the Data is the Employer,
as well as information which Participant is providing to Workday and the Employer in connection with the Plan and this Option Agreement.

 

Participant authorizes that Data will be
transferred to E*Trade or such other stock plan service provider as may be selected by Workday in the future, which is assisting Workday
with the implementation, administration and management of the Plan. Participant further authorizes that Workday, the Employer and any
other Parent or Subsidiary will transfer Data among themselves as necessary for the purpose of the implementation, administration and
management of Participant’s participation in the Plan, and that Workday, the Employer and any other Parent or Subsidiary may each
further transfer Data to third parties assisting Workday in the implementation, administration and management of the Plan, including
any requisite transfer to a broker or another third party with whom Participant may elect to deposit any Shares acquired under the Plan.
Participant authorizes that the recipients of the Data may be located in the United States or elsewhere, and that the recipients’
country may have different data privacy laws and protections than Participant’s country. Participant understands that if he or
she resides outside the United States, he or she may request a list with the names and addresses of any potential recipients of the Data
by contacting his or her local human resources representative, whose email address is cynthia.chan@workday.com. Participant authorizes
Workday, E*Trade and any other possible recipients which may assist Workday (presently or in the future) with implementing, administering
and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing,
administering and managing his or her participation in the Plan, including any requisite transfer of such Data to a third party with
whom the Participant may elect to deposit any Shares acquired upon vesting of the Option.

 

Participant authorizes that Data will be
held only as long as is necessary to implement, administer and manage Participant’s participation in the Plan. Participant understands
if he or she resides outside the United States, 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, in any case without cost,
by contacting in writing his or her local human resources representative. Further, Participant understands that he or she is providing
the consents herein on a purely voluntary basis. If Participant does not consent, or if Participant later seeks to revoke his or her
consent, his or her employment status or service and career with the Employer will not be affected; the only consequence of refusing
or withdrawing Participant’s consent is that Workday would not be able to grant Participant Options or other equity awards or administer
or maintain such awards. Therefore, Participant understands that refusing or withdrawing his or her consent may affect Participant’s
ability to participate in the Plan. For more information on the consequences of Participant’s refusal to consent or withdrawal
of consent, Participant understands that he or she may contact his or her local human resources representative at cynthia.chan@workday.com.

 

    125

     

    

 

Malaysian Translation

 

Peserta dengan ini secara eksplisit dan
tanpa sebarang keraguan mengizinkan pengumpulan, penggunaan dan pemindahan, dalam bentuk elektronik atau lain-lain, data peribadi Peserta
seperti yang diterangkan dalam Perjanjian dan sebarang bahan geran Option lain oleh dan di antara, seperti mana yang terpakai, Workday,
Majikan dan mana-mana Syarikat Induk atau Anak-Anak Syarikatnya untuk tujuan ekslusif bagi melaksanakan, mentadbir dan menguruskan penyertaan
Peserta dalam Pelan tersebut.

 

Peserta memahami bahawa Workday, Majikan
dan mana-mana Syarikat Induk atau Anak-Anak Syarikat mungkin memegang maklumat peribadi tertentu tentang Peserta, termasuk, tetapi tidak
terhad kepada, nama Peserta, alamat rumah dan nombor telefon, alamat emel, tarikh lahir, insurans sosial, nombor passport atau nombor
pengenalan lain (seperti, nombor pendaftaran penduduk tetap atau nombor kad pengenalan), gaji, kewarganegaraan, jawatan, apa-apa syer
dalam saham atau jawatan sebagai pengarah yang dipegang di Workday, butir-butir semua Options atau apa-apa hak lain atas syer dalam saham
yang dianugerahkan, dibatalkan, dilaksanakan, terletak hak, tidak diletak hak ataupun yang belum dijelaskan bagi faedah Peserta (“Data”),
untuk tujuan eksklusif bagi melaksanakan, mentadbir dan menguruskan Pelan tersebut. Sumber Data adalah daripada Majikan, dan juga maklumat
yang Peserta berikan kepada Workday dan Majikan berhubung dengan Pelan tersebut dan Perjanjian ini.

 

Peserta memberi kuasa bahawa Data ini akan
dipindahkan kepada E*Trade atau pembekal perkhidmatan pelan saham yang ditetapkan oleh Workday pada masa depan yang membantu Workday
dengan pelaksanaan, pentadbiran dan pengurusan Pelan tersebut. Peserta juga memberi kuasa bahawa Workday, Majikan dan Syarikat Induk
atau Anak-Anak Syarikat lain akan memindahkan Data sesama mereka seperti diperlukan untuk tujuan melaksanakan, mentadbir dan menguruskan
penyertaan Peserta dalam Pelan tersebut, dan Workday, Majikan dan Syarikat Induk atau Anak-Anak Syarikat yang lain masing-masing boleh
memindahkan Data kepada pihak-pihak ketiga yang membantu Workday dalam pelaksanaan, pentadbiran dan pegurusan Pelan tersebut, termasuk
pemindahan yang diperlukan kepada broker atau pihak ketiga yang lain yang mana Peserta boleh memilih untuk mendepositkan Syer-Syer yang
diperolehi daripada Pelan tersebut. Peserta mengakui bahawa penerima-penerima Data mungkin berada di Amerika Syarikat atau di tempat
lain dan bahawa negara penerima-penerima mungkin mempunyai undang-undang privasi data dan perlindungan yang berbeza daripada negara Peserta.
Peserta memahami bahawa sekiranya Peserta menetap di luar Amerika Syarikat, Peserta boleh meminta satu senarai yang mengandungi nama
dan alamat penerima-penerima Data yang berpotensi dengan menghubungi wakil sumber manusia tempatan Peserta, cynthia.chan@workday.com.
Peserta memberi kuasa kepada Workday, E*Trade dan mana-mana penerima-penerima lain yang mungkin membantu Workday (pada masa sekarang
atau pada masa depan) untuk melaksanakan, mentadbir dan menguruskan Pelan bagi menerima, memiliki, menggunakan, menyimpan dan memindahkan
Data, dalam bentuk elektronik atau lain-lain, semata-mata dengan tujuan untuk melaksanakan, mentadbir dan menguruskan penyertaan Peserta
dalam Pelan tersebut, termasuk apa-apa pemindahan Data yang diperlukan kepada pihak ketiga yang lain dengan sesiapa yang Peserta pilih
untuk deposit apa-apa Saham yang diperolehi selepas terletak hak Option.

 

    126

     

    

 

Peserta memberi kuasa bahawa Data hanya
akan disimpan untuk sepanjang tempoh yang diperlukan bagi melaksanakan, mentadbir, dan menguruskan penyertaan Peserta dalam Pelan tersebut.
Peserta memahami bahawa sekiranya Peserta menetap di luar Amerika Syarikat, Peserta boleh, pada bila-bila masa, melihat Data, meminta
maklumat tambahan mengenai penyimpanan dan pemprosesan Data, meminta bahawa pindaan-pindaan dilaksanakan ke atas Data atau menolak atau
menarik balik persetujuan terkandung di sini, dalam mana-mana kes, tanpa kos, dengan menghubungi secara bertulis wakil sumber manusia
tempatan Peserta. Peserta selanjutnya memahami bahawa Peserta memberi persetujuan ini secara sukarela. Sekiranya Peserta tidak bersetuju,
atau kemudian membatalkan persetujuannya, status pekerjaan atau perkhidmatan Peserta dengan Majikan tidak akan terjejas; satu-satunya
akibat jika Peserta tidak bersetuju atau menarik balik persetujuan Peserta adalah bahawa Workday tidak akan dapat menganugerahkan kepada
Peserta Options atau anugerah ekuiti lain atau mentadbir atau mengekalkan anugerah tersebut. Oleh itu, Peserta memahami bahawa keengganan
atau penarikan balik persetujuan Peserta boleh menjejaskan keupayaannya untuk mengambil bahagian dalam Pelan tersebut. Untuk maklumat
lanjut mengenai akibat keengganan Peserta untuk memberikan keizinan atau penarikan balik keizinan, Peserta memahami bahawa Peserta boleh
menghubungi wakil sumber manusia tempatan Peserta, cynthia.chan@workday.com.

 

Notifications

 

Director Notification Obligation. Directors
of Workday’s Malaysian Subsidiary are subject to certain notification requirements under the Malaysian Companies Act. Among these
requirements is an obligation to notify such entity in writing within 14 business days of the acquisition or disposal of an interest
(e.g., Options granted under the Plan or Shares) in Workday or any related company.

 

MEXICO

 

Terms and Conditions

 

Plan Document Acknowledgement. By accepting
the Option, Participant acknowledges that he or she has received a copy of the Plan and the Option Agreement, which Participant has reviewed.
Participant acknowledges further that he or she accepts all the provisions of the Plan and the Option Agreement. Participant also acknowledges
that he or she has read and specifically and expressly approves the terms and conditions set forth in Section 9 (“Nature of
Grant”) in the Option Agreement, which clearly provides as follows:

 

(1) Participant’s participation in
the Plan does not constitute an acquired right;

 

(2) The Plan and Participant’s participation
in the Plan are offered by Workday on a wholly discretionary basis;

 

(3) Participant’s participation in
the Plan is voluntary; and

 

(4) Workday and its Subsidiaries are not
responsible for any decrease in the value of any Shares acquired at vesting and exercise of the Option.

 

Labor Law Policy and Acknowledgment. By
accepting the Option, Participant expressly recognizes that Workday, with registered offices at 6110 Stoneridge Mall Road, Pleasanton,
California U.S.A., is solely responsible for the administration of the Plan, and that Participant’s participation in the Plan and
acquisition of Shares do not constitute an employment relationship between Participant and Workday since Participant is participating
in the Plan on a wholly commercial basis and the Workday Mexico S. de R.L. de C.V. (“Workday Mexico”) is his
or her sole employer. Based on the foregoing, Participant expressly recognizes that the Plan and the benefits that he or she may derive
from participating in the Plan do not establish any rights between Participant and Workday Mexico and do not form part of the employment
conditions and/or benefits provided by Workday Mexico, and any modification of the Plan or its termination shall not constitute a change
or impairment of the terms and conditions of Participant’s employment.

 

    127

     

    

 

Participant further understands that his or her
participation in the Plan is as a result of a unilateral and discretionary decision of Workday; therefore, Workday reserves the absolute
right to amend and/or discontinue Participant’s participation at any time without any liability to Participant.

 

Finally, Participant hereby declares that he
or she does not reserve to him- or herself any action or right to bring any claim against Workday for any compensation or damages regarding
any provision of the Plan or the benefits derived under the Plan, and Participant therefore grants a full and broad release to Workday,
and its Subsidiaries, affiliates, branches, representative offices, shareholders, directors, officers, employees, agents, or legal representatives
with respect to any claim that may arise.

 

Spanish Translation

 

Términos y Condiciones

 

Reconocimiento del Plan. Al aceptar
la Opción, el Participante reconoce que ha recibido y revisado una copia del Plan y del Acuerdo. El Participante reconoce, además,
que acepta todas las disposiciones del Plan y del Acuerdo. El Participante también reconoce que ha leído y que concretamente
aprueba de forma expresa los términos y condiciones establecidos en la Sección 9 (“Naturaleza del Otorgamiento”)
del Acuerdo de Acciones Restringidas, que claramente dispone lo siguiente:

 

(1) La participación del Participante
en el Plan no constituye un derecho adquirido;

 

(2) El Plan y la participación
del Participante en el Plan se ofrecen por Workday en su discrecionalidad total;

 

(3) La participación del Participante
en el Plan es voluntaria; y

 

(4) Workday y sus Subsidiarias no son
responsables por ninguna disminución en el valor de las acciones adquiridas al conferir la Opción de Acciones Restringidas.

 

Política Laboral y Reconocimiento.
Al aceptar la Opción de Acciones Restringidas, el Participante expresamente reconoce que Workday, con oficinas registradas en
Workday, Inc., 6110 Stoneridge Mall Road, Pleasanton, California U.S.A., es la única responsable por la administración
del Plan y que la participación del Participante en el Plan y la adquisición de Acciones no constituyen una relación
de trabajo entre el Participante y Workday, ya que el Participante participa en el Plan en un marco totalmente comercial y Workday Mexico
S. de R.L. de C.V. (“Workday Mexico”) es su único patrón. Derivado de lo anterior, el Participante expresamente
reconoce que el Plan y los beneficios que pudieran derivar de la participación en el Plan no establecen derecho alguno entre el
Participante y el patrón, Workday Mexico, y no forma parte de las condiciones de trabajo y/o las prestaciones otorgadas por Workday
Mexico, y que cualquier modificación al Plan o su terminación no constituye un cambio o impedimento de los términos
y condiciones de la relación de trabajo del Participante.

 

    128

     

    

 

Asimismo, el Participante reconoce que su
participación en el Plan es resultado de una decisión unilateral y discrecional de Workday; por lo tanto, Workday se reserva
el derecho absoluto de modificar y/o terminar la participación del Participante en cualquier momento y sin responsabilidad alguna
hacia el Participante.

 

Finalmente, el Participante por este medio
declara que no se reserva ningun derecho o acción que ejercitar en contra de Workday por cualquier compensación o daños
y perjuicios en relación de las disposiciones del Plan o de los beneficios derivados del Plan, y por lo tanto, el Participante
exime amplia y completamente a Workday, y sus afiliadas, subsidiarias, sucursales, oficinas de representación, accionistas, directores,
autoridades, empleados, agentes, o representantes legales de cualquier demanda que pudiera surgir.

 

Notifications

 

Securities Law Information. The Option
granted and any Shares acquired under the Plan have not been registered with the National Register of Securities maintained by the Mexican
National Banking and Securities Commission and cannot be offered or sold publicly in Mexico. In addition, the Plan, this Option Agreement
and any other document relating to the Option may not be publicly distributed in Mexico. These materials are addressed to Participant
because of his or her existing relationship with Workday and/or any Parent or Subsidiary or Affiliate, and these materials should not
be reproduced or copied in any form. The offer contained in these materials does not constitute a public offering of securities, but
rather constitutes a private placement of securities addressed specifically to individuals who are present Employees of the Employer
made in accordance with the provisions of the Mexican Securities Market Law, and any rights under such offering shall not be assigned
or transferred.

 

NETHERLANDS

 

There are no country-specific provisions.

 

NEW ZEALAND

 

Notifications

 

Securities Law Information. WARNING:
Participant is being granted an Option which allows Participant to acquire Shares in accordance with the terms of this Option Agreement
and the Plan. The Shares, if issued, will give Participant a stake in the ownership of Workday. Participant may receive a return if dividends
are paid.

 

If Workday runs into financial difficulties and
is wound up, Participant will be paid only after all other creditors (including holders of preference shares, if any) have been paid.
Participant may lose some or all of Participant’s investment, if any.

 

New Zealand law normally requires people who
offer financial products to give information to investors before they invest. This information is designed to help investors to make
an informed decision. The usual rules do not apply to this offer because it is made under an employee share purchase scheme. As
a result, Participant may not be given all the information usually required. Participant will also have fewer other legal protections
for this investment.

 

The Shares are quoted on the Nasdaq Global Select
Market ("Nasdaq"). This means that if Participant acquires Shares, Participant may be able to sell the Shares
on the Nasdaq if there are interested buyers. Participant may get less than he or she invested. The price will depend on the demand for
the Shares.

 

    129

     

    

 

For a copy of Workday’s most recent financial
statements (and, where applicable, a copy of the auditor’s report on those financial statements), as well as information on risk
factors impacting Workday’s business that may affect the value of the Shares, Participant should refer to the risk factors discussion
in Workday’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are filed with the U.S. Securities
and Exchange Commission and are available online at www.sec.gov, as well as on Workday’s website at http://www.workday.com/en-us/company/investor-relations/sec-filings.html.

 

Participant should ask questions, read all documents
carefully, and seek independent financial advice before participating in the Plan.

 

NORWAY

 

Notifications

 

Foreign Asset/Account Reporting Information.
If Shares are acquired under the Plan, Participant may be subject to foreign asset reporting as part of the ordinary tax return. Norwegian
banks, financial institutions, limited companies, etc. must report certain information to the Tax Administration. Such information
may then be pre-populated in Participant's tax return. However, if Participant has traded, or own, financial instruments (e.g., Shares),
Participant must enter this information in Form RF-1159, which is an appendix to the tax return.

 

POLAND

 

Notifications

 

Exchange Control Information. Polish residents
holding foreign securities (including Shares) and maintaining accounts abroad (including any brokerage account) must report information
to the National Bank of Poland on transactions and balances of the securities and cash deposited in such accounts if the value of such
securities and cash (calculated individually or together with all other assets/liabilities held abroad) exceeds a specified threshold
(currently PLN7,000,000). If required, the reports are due on a quarterly basis on special forms available on the website of the National
Bank of Poland.

 

In addition, any transfer of funds in excess
of a specified threshold (currently €15,000, but if such transfer is connected with business activity of an entrepreneur, PLN15,000)
must be effected through a bank account in Poland. Participant should maintain evidence of such foreign exchange transactions for five
years, in case of a request for their production by the National Bank of Poland.

 

SINGAPORE

 

Notifications

 

Securities Law Information. The grant
of the Option under the Plan is being made pursuant to the “Qualifying Person” exemption under section 273(1)(i) of
the Securities and Futures Act (Cap. 289, Rev Ed 2006) ("SFA"). The Plan has not been, and will not be, lodged
or registered as a prospectus with the Monetary Authority of Singapore. The Option is subject to section 257 of the SFA and Participant
should not make any subsequent sale of Shares in Singapore or any offer of such subsequent sale of Shares in Singapore, unless such sale
or offer is made (a) more than six (6) months after the Date of Grant, (b) pursuant to the exemptions under Part XIII
Division 1 Subdivision (4) (other than section 280) of the SFA, or (c) pursuant to, and in accordance with the conditions of,
any other applicable provisions of the SFA. Workday's common stock is currently traded on the Nasdaq Global Select Market in the U.S.
under the ticker symbol “WDAY” and any Shares acquired pursuant to the Option may be sold on this exchange.

 

    130

     

    

 

Director Notification Obligation. The
directors (including associate directors and shadow directors) of a Singapore Parent, Subsidiary or Affiliate are subject to certain
notification requirements under the Singapore Companies Act. Among these requirements is an obligation to notify such entity in writing
within two business days of any of the following events: (a) the acquisition or disposal of an interest (e.g., options granted
under the Plan or Shares) in Workday or any Parent, Subsidiary or Affiliate, (b) any change in previously-disclosed interests (e.g.,
sale of Shares), or (c) becoming a director, associate director or shadow director of a Parent, Subsidiary or Affiliate in Singapore,
if the individual holds such an interest at that time. These notification requirements apply regardless of whether the directors are
residents of or employed in Singapore.

 

SOUTH AFRICA

 

Terms and Conditions

 

Method of Payment. The following provision
supplements Section 5 of the Option Agreement:

 

Payment of the aggregate Exercise Price must
be made in compliance with applicable exchange control laws.

 

Without limitation to the foregoing, to facilitate
compliance with applicable exchange control laws in South Africa, Workday may require that payment of the aggregate Exercise Price be
made by consideration received by Workday pursuant to a broker-assisted exercise or “same-day sale” or other form of cashless
exercise program implemented by Workday in connection with the Plan.

 

Responsibility for Taxes. The following
provision supplements Section 8 of the Option Agreement:

 

By accepting the Option, Participant agrees to
immediately notify the Employer of the amount of any gain realized upon vesting or exercise of the Option. If Participant fails to advise
the Employer of the gain realized upon vesting or exercise of the Option, then he or she may be liable for a fine. Participant will be
solely responsible for paying the difference between the actual tax liability and the amount withheld by Workday or the Employer.

 

Notifications

 

Securities Law Information. In compliance
with South African securities law, the documents listed below are available for Participant’s review on Workday’s website
at https://www.workday.com/en-us/company/investor-relations.html and on Workday’s intranet, respectively:

 

		1.	Workday’s most recent annual financial
                                            statements; and

 

		2.	Workday’s most recent Plan prospectus.

 

A copy of the above documents will be sent to
Participant free of charge on written request to Workday’s Global Stock Administration by logging a People Guide Request in Service
Hub.

 

Participant should carefully read the materials
provided before making a decision whether to participate in the Plan.

 

    131

     

    

 

Exchange Control Information. Participant
is solely responsible for complying with applicable South African exchange control regulations. As the exchange control regulations are
subject to change, Participant should consult Participant’s legal advisor prior to the acquisition or sale of Shares acquired under
the Plan to ensure compliance with current regulations.

 

SOUTH KOREA

 

Notifications

 

Foreign Asset/Account Reporting Information.
Korean residents must declare all foreign financial accounts (i.e., non-Korean bank accounts, brokerage accounts, etc.) to
the Korean tax authority and file a report with respect to such accounts if the monthly balance of such accounts exceeds KRW 500 million
(or an equivalent amount in foreign currency) on any month-end date during a calendar year.

 

SPAIN

 

Terms and Conditions

 

Nature of Grant. This provision supplements
Section 8 of the Option Agreement:

 

By accepting the Option, Participant consents
to participating in the Plan and acknowledges that he or she has received a copy of the Plan.

 

Participant understands that Workday has unilaterally,
gratuitously and discretionally decided to grant options under the Plan to individuals who may be Employees, Consultants, Directors or
Non-Employee Directors of Workday or any Parent or Subsidiary throughout the world. The decision is a limited decision that is entered
into upon the express assumption and condition that any grant will not economically or otherwise bind Workday or any Parent or Subsidiary.
Consequently, Participant understands that this Option is granted on the assumption and condition that the Option and any Shares acquired
at vesting or exercise of the Option are not part of any employment or service agreement (either with Workday or any Parent or Subsidiary)
and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever.

 

In addition, Participant understands that the
Option would not be granted to Participant but for the assumptions and conditions referred to herein; thus, Participant acknowledges
and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then
any grant of or right to the Option shall be null and void.

 

Further, Participant acknowledges, understands
and agrees that Participant will not be entitled to exercise or continue vesting in any Options once Participant’s employment or
service Terminates. This will be the case, for example, even in the event of a Termination of a Participant by reason of, including,
but not limited to: resignation, retirement, disciplinary dismissal adjudged to be with cause or adjudged/recognized to be without good
cause (i.e., subject to a “despido improcedente”), individual or collective dismissal on objective grounds,
whether adjudged and/or recognized to be with or without cause, material modification of the terms of employment or service under Article 41
of the Workers’ Statute, relocation under Article 40 of the Workers’ Statue, Article 50 of the Workers’ Statue,
unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985.

 

Notifications

 

Securities Law Information. The Option
does not qualify under Spanish law as securities. No “offer to the public,” as defined under Spanish Law, has taken place
or will take place in the Spanish territory. The Plan, this Option Agreement and any other Option grant documents have not been nor will
they be registered with the Comisión Nacional del Mercado de Valores (Spanish Securities Exchange Commission), and do not
constitute a public offering prospectus.

 

    132

     

    

 

Exchange Control Information. Participant
must declare the acquisition, ownership and sale of Shares to the Spanish Dirección General de Comercio e Inversiones (the
 “DGCI”), the Bureau for Commerce and Investments, which is a department of the Ministry of Industry, Trade
and Tourism, for statistical purposes. Generally, the declaration must be filed in January for Shares owned as of December 31
of the prior year on a Form D-6; however, if the value of the Shares purchased under the Plan or sold exceeds €1,502,530, the
declaration must be filed within one month of the acquisition or sale, as applicable.

 

Further, Participant is required to declare electronically
to the Bank of Spain any securities accounts (including brokerage accounts held abroad), any foreign instruments (e.g., Shares)
and any transactions with non-Spanish residents (including any payments of cash or Shares made to Participant by Workday or any U.S.
brokerage account) if the balances in such accounts together with the value of such instruments as of December 31, or the volume
of transactions with non-Spanish residents during the prior or current year, exceeds €1,000,000.

 

Foreign Asset/Account Reporting Information.
To the extent Participant holds assets (e.g., cash or Shares held in a bank or brokerage account) outside Spain with a value in
excess of €50,000 per type of asset (e.g., cash or Shares) as of December 31 each year, Participant is required to report
information on such rights and assets on his or her tax return for such year. After such rights or assets are initially reported, the
reporting obligation will only apply for subsequent years if the value of any previously-reported rights or assets increases by more
than €20,000. The reporting must be completed by March 31 following the end of the relevant tax year.

 

SWEDEN

 

Terms and Conditions

 

Authorization to Withhold. This provision
supplements Section 8 of the Option Agreement.

 

Without limiting Workday’s and the Employer’s
authority to satisfy their withholding obligations for Tax-Related Items as set forth in Section 8 of the Option Agreement, in accepting
the grant of the Option, Participant authorizes Workday and/or the Employer to withhold Shares or to sell Shares otherwise deliverable
to Participant upon vesting/exercise to satisfy Tax-Related Items, regardless of whether Workday and/or the Employer have an obligation
to withhold such Tax-Related Items.

 

SWITZERLAND

 

Notifications

 

Securities Law Information. Neither this
document nor any materials relating to the Shares (a) constitutes a prospectus according to articles 35 et seq. of the Swiss Federal
Act on Financial Services (“FinSA”), (b) may be publicly distributed or otherwise made publicly available
in Switzerland to any person other than an employee of Workday or one of its Parents, Subsidiaries or Affiliates, and (c) has been
or will be filed with, approved or supervised by any Swiss reviewing body according to Article 51 of FinSA or any Swiss regulatory
authority (in particular, the Swiss Financial Supervisory Authority (FINMA)).

 

Foreign Asset/Account Reporting Information.
Participant is required to declare all foreign bank and brokerage accounts in which cash or securities are held, including the accounts
that were opened and/or closed during the tax year, as well as any other assets, on an annual basis on the tax return (Wertschriftenverzeichnis).

 

    133

     

    

 

TAIWAN

 

Notifications

 

Securities Law Information. The offer
of participation in the Plan is available only to eligible Employees. The offer of participation in the Plan is not a public offer of
securities by a Taiwanese company. Therefore, it is exempt from registration in Taiwan.

 

Exchange Control Information. Taiwanese
residents may acquire and remit foreign currency in relation to the Plan into Taiwan through an authorized foreign exchange bank in an
amount of up to USD 5 million per year. If the transaction amount is TWD 500,000 or more in a single transaction, a foreign exchange
transaction form and other supporting documentation may need to be submitted to the remitting bank.

 

THAILAND

 

Terms and Conditions

 

Method of Payment. The following provision
supplements Section 5 of the Option Agreement:

 

Payment of the aggregate Exercise Price must
be made in compliance with applicable exchange control laws.

 

Without limitation to the foregoing, to facilitate
compliance with applicable exchange control laws in Thailand, Workday may require that payment of the aggregate Exercise Price be made
by consideration received by Workday pursuant to a broker-assisted exercise or “same-day sale” or other form of cashless
exercise program implemented by Workday in connection with the Plan.

 

Notifications

 

Exchange Control Information. Unless Participant
can rely on any applicable exemptions, he or she must repatriate any funds received from participating in the Plan (such as proceeds
from the sale of Shares and cash dividends received in relation to the Shares) to Thailand immediately upon receipt if the amount of
funds received in a single transaction is US$1,000,000 or more. Participant must then either convert the funds to Thai Baht or deposit
the funds in a foreign currency deposit account maintained by a bank in Thailand within 360 days of remitting the funds to Thailand.
In addition, the details of the foreign currency transaction, including Participant’s identification information and the purpose
of the transaction, must be provided to the authorized agent.

 

If Participant does not comply with this obligation,
Participant may be subject to penalties assessed by the Bank of Thailand. Because exchange control regulations change frequently and
without notice, Participant should consult a legal advisor before selling Shares to ensure compliance with current regulations. It is
Participant’s responsibility to comply with exchange control laws in Thailand, and neither Workday nor the Employer will be liable
for any fines or penalties resulting from Participant’s failure to comply with applicable laws.

 

    134

     

    

 

UNITED
KINGDOM

 

Terms and Conditions

 

Responsibility for Taxes. This provision
supplements Section 8 of the Option Agreement:

 

Without limitation to Section 8 of the Option
Agreement, Participant agrees that Participant is liable for all Tax-Related Items and hereby covenants to pay all such Tax-Related Items,
as and when requested by Workday or the Employer or by Her Majesty’s Revenue and Customs (“HMRC”) (or
any other tax authority or any other relevant authority). Participant also agrees to indemnify and keep indemnified Workday and the Employer
against any Tax-Related Items that they are required to pay or withhold or have paid or will pay to HMRC (or any other tax authority
or any other relevant authority) on Participant’s behalf.

 

Notwithstanding the foregoing, if Participant
is a director or executive officer of Workday (within the meaning of Section 13(k) of the Exchange Act), the terms of the immediately
foregoing provision will not apply. In the event that Participant is a director or executive officer and income tax is not collected
from or paid by Participant within ninety (90) days of the end of the U.K. tax year in which an event giving rise to the indemnification
described above occurs, the amount of any uncollected income tax may constitute a benefit to Participant on which additional income tax
and national insurance contributions (“NICs”) may be payable.
Participant understands that Participant will be responsible for reporting any income tax due on this additional benefit directly to
HMRC under the self-assessment regime and for paying Workday or the Employer (as applicable) for the value of any employee NICs due on
this additional benefit, which Workday or the Employer may obtain from Participant by any of the means referred to in the Plan or Section 8
of the Option Agreement.

 

    135Exhibit 4.6

 

WORKDAY, INC.

 

AMENDED
AND RESTATED 2012 EMPLOYEE STOCK PURCHASE PLAN

 

1.      
       Establishment of Plan.
Workday proposes to grant rights to purchase shares of Common Stock to eligible Employees of Workday and its Participating
Corporations (as hereinafter defined) pursuant to this Plan. Workday intends this Plan to qualify as an “employee stock
purchase plan” under Section 423 of the Code (including any amendments to or replacements of such Section), and this Plan
will be so construed. Any term not expressly defined in this Plan but defined for purposes of Section 423 of the Code will have
the same definition herein. However, with regard to offers of options for purchase of the Common Stock under the Plan to Employees
outside the United States (the “U.S.”) working for a Participating Corporation, the Board or Committee (as
defined herein) may offer a subplan or an option that is not intended to meet the Code Section 423 requirements under such
other rules, procedures or terms determined by the Board or Committee (collectively, a “Subplan”),
provided, if necessary under Code Section 423, that the other terms and conditions of the Plan are met. Subject to
Section 14, a total of eleven million six hundred fifty thousand nine hundred and seventeen (11,650,917) shares of Common Stock
is reserved for issuance under this Plan. The number of shares reserved for issuance under this Plan will be subject to adjustments
effected in accordance with Section 14 of this Plan. Capitalized terms not defined elsewhere in the text are defined in
Section 27.

 

2.             Purpose.
The purpose of this Plan is to provide eligible Employees of Workday and Participating Corporations with a means of acquiring an equity
interest in Workday through payroll deductions (or other permitted contributions), to enhance such Employees’ sense of participation
in the affairs of Workday.

 

3.             Administration.

 

(a)           The
Plan will be administered by the Compensation Committee of the Board (the “Committee”), by the Board, or by
the Committee’s delegate(s), as permitted by applicable law and provided herein. Subject to the provisions of this Plan and the
limitations of Section 423 of the Code or any successor provision in the Code, all questions of interpretation or application of
this Plan will be determined by the Committee or its delegate(s) and its decisions will be final and binding upon all Participants.
The Committee or its delegate(s) will have full and exclusive discretionary authority to construe, interpret and apply the terms
of the Plan, and to determine eligibility. The Committee will have full authority to determine which eligible entities will be Participating
Corporations, whether an offer to a Participating Corporation is intended to meet Code Section 423 requirements, and whether to have
separate offerings and the terms of such offerings (in accordance with the Plan), and to decide upon any and all claims filed under the
Plan. Every finding, decision and determination made by the Board, the Committee or its delegate(s) will, to the full extent permitted
by law, be final and binding upon all parties. The Board or Committee will have the authority to determine the Fair Market Value of the
Common Stock (which determination will be final, binding and conclusive for all purposes) in accordance with Section 8 below and
to interpret Section 8 of the Plan in connection with circumstances that impact the Fair Market Value. Members of the Committee will
receive no compensation for their services in connection with the administration of this Plan, other than standard fees as established
from time to time by the Board for services rendered by Board members serving on Board committees. All expenses incurred in connection
with the administration of this Plan will be paid by Workday. For purposes of this Plan, the Committee may designate separate offerings
under the Plan (the terms of which need not be identical) in which eligible Employees of one or more Participating Corporations will participate,
even if the dates of the applicable Offering Periods of each such offering are identical. In this regard, and unless otherwise specified
by the Committee, each offering of the Plan to the eligible Employees of Workday or a Participating Corporation will be deemed a separate
offering for purposes of Code Section 423 and the provisions of the Plan will separately apply to each Offering. The Committee may
establish rules to govern transfers of employment between Workday and its Participating Corporations and transfers of participation
between separate offerings made under the Plan, consistent with any applicable Code Section 423 requirements and the terms of the
Plan.

 

    

     

    

 

(b)          The
Committee may adopt such rules, procedures, and Subplans as are necessary or appropriate to permit the participation in the Plan by eligible
employees who are citizens or residents of a jurisdiction and/or employed outside the U.S., the terms of which Subplans may take precedence
over other provisions of this Plan, with the exception of the provisions in Section 1 above setting forth the number of shares of
Common Stock reserved for issuance under the Plan; provided that unless otherwise superseded by the terms of such Subplan, the provisions
of this Plan will govern the operation of such Subplan. Further, the Committee is specifically authorized to adopt rules and procedures
regarding the application of the definition of Compensation (as defined below) to Participants on payrolls outside of the U.S., handling
of payroll deductions and other contributions, taking of payroll deductions and making of other contributions to the Plan, establishment
of bank or trust accounts to hold contributions, payment of interest, establishment of the exchange rate applicable to payroll deductions
taken and other contributions made in a currency other than U.S. dollars, obligations to pay payroll tax, determination of beneficiary
designation requirements, tax withholding procedures, and handling of stock certificates that vary with applicable local requirements.

 

4.             Eligibility.
Any Employee of Workday or the Participating Corporations is eligible to participate in an Offering Period under this Plan except that
the Committee may exclude any or all of the following (other than where prohibited by applicable law):

 

(a)           Employees
who are not employed by Workday or a Participating Corporation prior to the beginning of such Offering Period or prior to such other time
period as specified by the Committee or its delegate(s);

 

(b)           Employees
who are customarily employed for twenty (20) or less hours per week:

 

(c)           Employees
who are customarily employed for five (5) months or less in a calendar year;

 

(d)           Employees
who are “highly compensated employees” of Workday or any Participating Corporation (within the meaning of Section 414(q) of
the Code), or (ii) any employee who is a “highly compensated employees” with compensation above a specified level, who
is an officer and/or is subject to the disclosure requirements of Section 16(a) of the Exchange Act;

 

    

     

    

 

(e)           Employees
who are citizens or residents of a non-U.S. jurisdiction (without regard to whether they are also a citizen of the U.S. or a resident
alien (within the meaning of Section 7701(b)(1)(A) of the Code)) if either (i) such employee’s participation is prohibited
under the laws of the jurisdiction governing such employee, or (ii) compliance with the laws of the non-U.S. jurisdiction would violate
the requirements of Section 423 of the Code;

 

(f)            Employees
who do not meet any other eligibility requirements that the Committee may choose to impose (within the limits permitted by the Code);
and

 

(g)           individuals
who provide services to Workday or any of its Participating Corporations as independent contractors who are reclassified as common law
employees for any reason except for federal income and employment tax purposes.

 

The foregoing notwithstanding, (i) Employees
who, together with any other person whose stock would be attributed to such Employee pursuant to Section 424(d) of the Code,
own stock or hold options to purchase stock possessing five percent (5%) or more of the total combined voting power or value of all classes
of stock of Workday or any of its Participating Corporations or who, as a result of being granted an option under this Plan with respect
to such Offering Period, would own stock or hold options to purchase stock possessing five percent (5%) or more of the total combined
voting power or value of all classes of stock of Workday or any of its Participating Corporations may not participate in the Plan and
(ii) an individual will not be eligible if his or her participation in the Plan is prohibited by the law of any country that has
jurisdiction over him or her or if he or she is subject to a collective bargaining agreement that does not provide for participation in
the Plan.

 

5.             Offering
Dates.

 

(a)           While
the Plan is in effect, the Board or Committee may determine the duration and commencement date of each Offering Period, provided that
an Offering Period will in no event be longer than twenty-seven (27) months, except as otherwise provided by an applicable Subplan. Offering
Periods may be consecutive or overlapping. Each Offering Period may consist of one or more Purchase Periods during which payroll deductions
of Participants are accumulated under this Plan. While the Plan is in effect, the Board or Committee may determine the duration and commencement
date of each Purchase Period, provided that a Purchase Period will in no event end later than the close of the Offering Period in which
it begins. Purchase Periods will be consecutive.

 

(b)           Until
otherwise determined by the Board or Committee, the Offering Periods under the Plan shall be six-months and will commence on each December 1
and June 1, with each such Offering Period also consisting of a single six-month Purchase Period, except as otherwise provided by
an applicable Subplan. The Board or Committee will have the power to change these terms as provided in Section 5(a) above and
Section 24 below.

 

6.             Participation
in this Plan.

 

(a)           With
respect to each Offering Period, an eligible Employee determined in accordance with Section 4 may elect to become a Participant by
submitting the prescribed enrollment form (an “Enrollment Form”) in accordance with Workday’s procedures
prior to the commencement of the Offering Period to which such agreement relates in accordance with such rules as Workday may determine.

 

    

     

    

 

(b)          Once
an Employee becomes a Participant in an Offering Period, then such Participant will automatically participate in the Offering Period commencing
immediately following the last day of such prior Offering Period at the same contribution level as was in effect in the prior Offering
Period unless the Participant withdraws or is deemed to withdraw from this Plan or terminates further participation in the Offering Period
as set forth in Section 11 below, or otherwise notifies Workday of a change in the Participant’s contribution level by filing
an additional Enrollment Form in accordance with Workday’s procedures. A Participant that is automatically enrolled in a subsequent
Offering Period pursuant to this section (i) is not required to file any additional Enrollment Form in order to continue participation
in this Plan and (ii) will be deemed to have accepted the terms and conditions of the Plan, any Subplan and Enrollment Form in
effect at the time each subsequent Offering Period begins, subject to Participant’s right to withdraw from the Plan in accordance
with the withdrawal procedures in effect at the time.

 

7.             Grant
of Option on Enrollment. Becoming a Participant with respect to an Offering Period will constitute
the grant (as of the Offering Date) by Workday to such Participant of an option to purchase on the Purchase Date up to that number of
shares of Common Stock determined by a fraction, the numerator of which is the amount of the applicable contribution level for such Participant
multiplied by such Participant’s Compensation (as defined in Section 9 below) during such Purchase Period and the denominator
of which is the lower of (i) eighty-five percent (85%) of the Fair Market Value of a share of the Common Stock on the Offering Date
(but in no event less than the par value of a share of Workday’s Common Stock), or (ii) eighty-five percent (85%) of the Fair
Market Value of a share of the Common Stock on the Purchase Date (but in no event less than the par value of a share of the Common Stock),
and provided, further, that the number of shares of Common Stock subject to any option granted pursuant to this Plan will not exceed the
lesser of (x) the maximum number of shares provided under this Plan, as may be changed by the Board or Committee pursuant to Section 10(b) below
with respect to the applicable Purchase Date or (y) the maximum number of shares which may be purchased pursuant to Section 10(a) below
with respect to the applicable Purchase Date.

 

8.             Purchase
Price. The Purchase Price per share at which a share of Common Stock will be sold to a Participant
in any Offering Period will be eighty-five percent (85%) of the lesser of:

 

(a)           The
Fair Market Value on the Offering Date; or

 

(b)           The
Fair Market Value on the Purchase Date.

 

9.             Payment
of Purchase Price; Payroll Deduction Changes; Share Issuances.

 

(a)           The
aggregate Purchase Price of the shares purchased hereunder is accumulated by regular payroll deductions made during each Offering Period,
unless Workday determines that contributions may be, or are required to be, made in another form (including payment by check at the end
of a Purchase Period). The deductions are made as a percentage of the Participant’s Compensation in one percent (1%) increments
not less than one percent (1%), nor greater than fifteen percent (15%) or such lower limit set by the Board or Committee. “Compensation”
will mean base salary and regular hourly wages (or in non-U.S. jurisdictions, equivalent cash compensation), not including bonuses and
incentive compensation commissions and shift differentials; however, Workday may at any time prior to the beginning of an Offering Period
determine that for that and future Offering Periods, Compensation may include any W-2 cash compensation, including without limitation
base salary or regular hourly wages, bonuses, incentive compensation, commissions, overtime, shift premiums, plus draws against commissions
(or in non-U.S. jurisdictions, equivalent cash compensation). For purposes of determining a Participant’s Compensation, any election
by such Participant to reduce his or her regular cash remuneration under Sections 125 or 401(k) of the Code (or in non-U.S. jurisdictions,
equivalent salary deductions) will be treated as if the Participant did not make such election. Payroll deductions will commence on the
first payday on or following the beginning of the Offering Period or as otherwise determined by rules established by Workday and
will continue to the end of the applicable Offering Period unless sooner altered or terminated as provided in this Plan. Notwithstanding
the foregoing, the terms of any Subplan may permit matching shares without the payment of any Purchase Price.

 

    

     

    

 

(b)           Except
as provided in Section 9(c) below or as otherwise determined by the Committee, a Participant may not make changes in the percentage
of payroll deductions during an Offering Period or Purchase Period. A Participant may increase or decrease the percentage of payroll deductions
by completing a new authorization for payroll deductions prior to the beginning of a new Offering Period, within such timeframe as may
be specified by Workday and pursuant to such Enrollment Form or other form as required by Workday, with such change becoming effective
as of the Offering Date of such new Offering Period.

 

(c)           Subject
to Section 24 below and to the rules of the Plan, a Participant may reduce his or her payroll deduction percentage to zero during
an Offering Period by filing with Workday a request for withdrawal from participation at least fifteen (15) days before the applicable
Purchase Date (or within such other time frame as specified by Workday), and after such withdrawal becomes effective no further payroll
deductions will be made for the duration of the Offering Period. Payroll deductions accumulated on behalf of the Participant but not yet
used to purchase shares prior to the effective date of the request will be refunded to the Participant. A reduction of the payroll deduction
percentage to zero will be treated as such Participant’s withdrawal from such Offering Period and the Plan, effective as of the
day following the filing date of such request with Workday.

 

(d)          All
payroll deductions made for a Participant are credited to the Participant’s account under this Plan and are deposited with the general
funds of Workday, and Workday will not be obligated to segregate such payroll deductions, except to the extent required by local legal
requirements outside the U.S. No interest accrues on the payroll deductions, except to the extent required by local legal requirements
outside the U.S. All payroll deductions received or held by Workday may be used by Workday for any corporate purpose, except to the extent
necessary to facilitate compliance with local legal requirements outside the U.S.

 

(e)           On
each Purchase Date, so long as this Plan remains in effect and provided that the Participant has not withdrawn from participation in the
Offering Period at least fifteen (15) days before such Purchase Date (or within such other time frame as specified by Workday), Workday
will apply the funds accumulated on behalf of the Participant to the purchase of whole shares of Common Stock reserved under the option
granted to such Participant with respect to the Offering Period to the extent that such option is exercisable on the Purchase Date. The
Purchase Price per share will be as specified in Section 8 of this Plan. Any amount accumulated on behalf of a Participant on a Purchase
Date which is less than the amount necessary to purchase a full share of Common Stock will be refunded to Participant in cash, without
interest, at or shortly following the end of the Purchase Period or Offering Period, as the case may be (except to the extent required
due to local legal requirements outside the U.S.), unless otherwise determined by Workday. No Common Stock will be purchased on a Purchase
Date on behalf of any Employee who has ceased to provide services to either Workday or a Participating Corporation prior to such Purchase
Date (except to the extent required by local legal requirements outside the U.S.). In the event that this Plan has been oversubscribed,
all funds accumulated on behalf of a Participant that are not used to purchase shares on the Purchase Date will be returned to the Participant,
without interest (except to the extent required due to local legal requirements outside the U.S.).

 

    

     

    

 

(f)            As
promptly as practicable after the Purchase Date, Workday will issue shares for the Participant’s benefit representing the shares
purchased upon exercise of the Participant’s option.

 

(g)           During
a Participant’s lifetime, the option to purchase shares hereunder is exercisable only by the Participant. The Participant will have
no interest or voting right in shares covered by the option until such option has been exercised.

 

(h)           To
the extent required by applicable U.S. and non-U.S. federal, state or local law, a Participant will make arrangements satisfactory to
Workday and the Participant’s employer for the satisfaction of any withholding tax obligations that arise in connection with the
Plan. At any time, Workday or the Participant’s employer may, but shall not be obligated to, withhold from the Participant’s
wages or other cash compensation the amount necessary for Workday or the Participant’s employer to meet applicable withholding obligations,
including up to the maximum permissible statutory rates and including any withholding required to make available to Workday or any Participating
Corporation, as applicable, any tax deductions or benefits attributable to the sale or early disposition of shares of Common Stock. In
addition, Workday or the Participant’s employer may, but shall not be obligated to, withhold from the proceeds of the sale of Common
Stock or by any other method of withholding Workday or the Participant’s employer deems appropriate. Workday will not be required
to issue any shares of Common Stock under the Plan until such obligations are satisfied.

 

10.           Limitations
on Shares to be Purchased.

 

(a)           No
Participant will be entitled to purchase stock under any Offering Period at a rate which, when aggregated with such Participant’s
rights under all other employee stock purchase plans of a Participating Company intended to meet the requirements of Section 423
of the Code to purchase stock that are also outstanding in the same calendar year(s) under other Offering Periods or other employee
stock purchase plans of Workday, its Parent and its Subsidiaries exceeds U.S. $25,000 in Fair Market Value, determined as of the Offering
Date (or such other limit as may be imposed by the Code) for each calendar year in which such Offering Period is in effect (hereinafter
the “Maximum Dollar Amount”), or such lower amount as is determined by the Board or the Committee. Workday may
automatically suspend the payroll deductions of any Participant as necessary to enforce such limit; provided that when Workday automatically
resumes such payroll deductions, Workday must apply the rate in effect immediately prior to such suspension. Alternatively, in Workday’s
discretion and to the extent permissible under applicable law, if Workday does not automatically suspend payroll deductions of any Participant
as necessary to enforce such limit or if payroll deductions exceed the amount that may be purchased pursuant to the Share Limit as defined
in Section 10(b) below, Workday shall refund any accumulated payroll deductions that may not be applied to the purchase of shares
due to the applicable Maximum Dollar Amount or Share Limit as determined by Sections 10(a) and (b), with such refund occurring as
soon as practicable following the applicable Purchase Date without interest (except to the extent required due to local legal requirements
outside the U.S.).

 

    

     

    

 

(b)          The
Board or Committee may, in its sole discretion, set a lower maximum number of shares which may be purchased by any Participant during
any Offering Period than that determined under Section 10(a) above, which will be the “Maximum Share Limit”
for subsequent Offering Periods; provided, however, in no event will a Participant be permitted to purchase more than ten thousand (10,000)
Shares during any one Purchase Period irrespective of the limits set forth in (a) and (b) hereof, or such lower share limit
(the “Share Limit”) as the Committee may determine from time to time. The initial Share Limit is 1,500 shares
during any one Purchase Period or such greater (not to exceed the Maximum Share Limit) or lesser number, in either case as the Committee
or Board may determine. If a new Share Limit is set, then all Participants will be notified of such Share Limit prior to the commencement
of the next Offering Period for which it is to be effective. The Share Limit will continue to apply with respect to all succeeding Offering
Periods unless revised by the Board or Committee as set forth above.

 

(c)           If
the number of shares to be purchased on a Purchase Date by all Participants exceeds the number of shares then available for issuance under
this Plan, then Workday will make a pro rata allocation of the remaining shares in as uniform a manner as will be reasonably practicable
and as Workday determines to be equitable. In such event, Workday will give written notice of such reduction of the number of shares to
be purchased under a Participant’s option to each Participant affected.

 

(d)          Any
payroll deductions accumulated on behalf of a Participant which are not used to purchase stock due to the limitations in this Section 10,
and not covered by Section 9(e), as applicable, will be returned to the Participant as soon as practicable after the end of the applicable
Purchase Period, without interest (except to the extent required due to local legal requirements outside the U.S.).

 

11.           Withdrawal.

 

(a)           Each
Participant may withdraw from an Offering Period under this Plan pursuant to a method specified by Workday. Such withdrawal may be elected
at any time prior to the last fifteen (15) days of an Offering Period, or such other time period as specified by Workday.

 

(b)           Upon
withdrawal from this Plan, the accumulated payroll deductions will be returned to the withdrawn Participant, without interest (except
to the extent required by local legal requirements outside the U.S.), and the Participant’s interest in this Plan will terminate.
In the event a Participant voluntarily elects to withdraw from this Plan, the Participant may not resume participation in this Plan during
the same Offering Period, but may participate in any Offering Period under this Plan which commences on a date subsequent to such withdrawal
by re-enrolling in this Plan in the manner set forth in Section 6 above.

 

    

     

    

 

12.           Termination
of Employment. If a Participant’s employment terminates for any reason, including but not
limited to retirement, death, disability, or the failure of a Participant to remain an eligible Employee of Workday or of a Participating
Corporation, or the failure of a Parent, Subsidiary or Affiliate to remain a Participating Corporation for any reason, the Participant’s
participation in this Plan will terminate as of the date of such termination. In such event, accumulated payroll deductions credited to
the Participant will be returned to the Participant or, in the case of the Participant’s death, to the Participant’s legal
representative, without interest (except to the extent required due to local legal requirements outside the U.S.). For purposes of this
Section 12, an Employee will not be deemed to have ceased to provide services or failed to remain in the continuous employ of Workday
or of a Participating Corporation in the case of sick leave, military leave, or any other leave of absence approved by Workday or as so
provided pursuant to a formal policy adopted from time to time by Workday; provided that such leave is for a period of not more than ninety
(90) days or reemployment upon the expiration of such leave is guaranteed by contract or statute. Workday will have sole discretion to
determine whether a Participant has terminated employment and the effective date on which the Participant terminated employment, regardless
of any notice period or garden leave required under local employment law.

 

13.           Return
of Payroll Deductions. In the event a Participant’s interest in this Plan is terminated
by withdrawal, termination of employment or otherwise, or in the event this Plan is terminated by the Board or Committee, Workday will
deliver to the Participant all accumulated payroll deductions accumulated on behalf of such Participant which were not previously used
to purchase Shares. No interest will accrue on the payroll deductions of a Participant in this Plan (except to the extent required due
to local legal requirements outside the U.S.).

 

14.           Capital
Changes. If the number or class of outstanding Shares is changed by a stock dividend, recapitalization,
stock split, reverse stock split, subdivision, combination, reclassification or similar change in the capital structure of Workday, without
consideration, then, as applicable, the number and class of Common Stock that may be delivered under the Plan, the Purchase Price per
share, the number of shares of Common Stock covered by each option under the Plan which has not yet been exercised, and the numerical
limits of Sections 1 and 10 will be proportionately adjusted, subject to any required action by the Board or the stockholders of Workday
and in compliance with applicable securities laws; provided that fractions of a Share will not be issued.

 

15.           Non-assignability.
Neither payroll deductions accumulated on behalf of a Participant nor any rights with regard to the exercise of an option or to receive
shares under this Plan may be assigned, transferred, pledged or otherwise disposed of in any way (other than by will, the laws of descent
and distribution, or, if permitted by the Committee or Workday, the designation of a beneficiary pursuant to a method specified by Workday)
by the Participant. Any such attempt at assignment, transfer, pledge or other disposition will be void and without effect.

 

    

     

    

 

16.           Use
of Participant Funds and Reports. Workday may use all payroll deductions received or held by
it under the Plan for any corporate purpose, and Workday will not be required to segregate Participant payroll deductions (except to the
extent required due to local legal requirements outside the U.S.). Until Shares are issued, Participants will only have the rights of
an unsecured creditor (except to the extent required by local legal requirements outside the U.S.). Each Participant will receive a report
containing, or otherwise have access to, the following information promptly after the end of each Purchase Period: the total payroll deductions
(or other contributions) accumulated, the number of shares purchased, the Purchase Price thereof and the remaining cash balance, if any,
carried forward or refunded, as determined by Workday, to the next Purchase Period or Offering Period, as the case may be.

 

17.           Notice
of Disposition. Each U.S. taxpayer Participant will notify Workday in writing if the Participant
disposes of any of the shares purchased in any Offering Period pursuant to this Plan if such disposition occurs within two (2) years
from the Offering Date or within one (1) year from the Purchase Date on which such shares were purchased (the “Notice
Period”). Workday may, at any time during the Notice Period, place a legend or legends on any certificate representing shares
acquired pursuant to this Plan requesting Workday’s transfer agent to notify Workday of any transfer of the shares. The obligation
of the Participant to provide such notice will continue notwithstanding the placement of any such legend on the certificates.

 

18.           No
Rights to Continued Employment. Neither this Plan nor the grant of any option hereunder will
confer any right on any Employee to remain in the employ of Workday or any Participating Corporation, or restrict any right Workday or
any Participating Corporation may have to terminate such Employee’s employment.

 

19.           Equal
Rights and Privileges. All eligible Employees granted an option under this Plan that is intended
to meet the Code Section 423 requirements will have equal rights and privileges with respect to this Plan or within any separate
offering under the Plan so that this Plan qualifies as an “employee stock purchase plan” within the meaning of Section 423
or any successor provision of the Code and the related regulations. Any provision of this Plan which is inconsistent with Section 423
or any successor provision of the Code will, without further act or amendment by Workday, the Committee or the Board, be reformed to comply
with the requirements of Section 423 (unless such provision applies exclusively to options granted under the Plan that are not intended
to comply with Code Section 423 requirements). This Section 19 will take precedence over all other provisions in this Plan.

 

20.           Notices.
All notices or other communications by a Participant to Workday under or in connection with this Plan will be deemed to have been duly
given when received in the form specified by Workday at the location, or by the person, designated by Workday for the receipt thereof.

 

21.          Term;
Stockholder Approval. This Plan originally became effective on October 11, 2012, the date
on which the Registration Statement covering the initial public offering of Workday’s Common Stock was declared effective by the
U.S. Securities and Exchange Commission. The amendment and restatement of this Plan will become effective on the Effective Date. This
Plan will be approved by the stockholders of Workday within twelve (12) months before or after the date this Plan is adopted by the Board.
Any amendment to this Plan that requires approval by stockholders of Workday will be done in any manner permitted by applicable law. No
purchase of shares that are subject to such stockholder approval before becoming available under this Plan will occur prior to stockholder
approval of such shares and the Board or Committee may delay any Purchase Date and postpone the commencement of any Offering Period subsequent
to such Purchase Date as deemed necessary or desirable to obtain such approval (provided that if a Purchase Date would occur more than
twenty-four (24) months after commencement of the Offering Period to which it relates, then such Purchase Date will not occur and instead
such Offering Period will terminate without the purchase of such shares and Participants in such Offering Period will be refunded their
contributions without interest, unless the payment of interest is required under local laws). This Plan will continue until the earlier
to occur of (a) termination of this Plan by the Board or the Committee (which termination may be effected by the Board or the Committee
at any time pursuant to Section 24 below) or (b) issuance of all of the shares of Common Stock reserved for issuance under this
Plan.

 

    

     

    

 

22.           Conditions
Upon Issuance of Shares; Limitation on Sale of Shares. Shares will not be issued with respect
to an option unless the exercise of such option and the issuance and delivery of such shares pursuant thereto will comply with all applicable
provisions of U.S. and non-U.S. law, including, without limitation, the Securities Act, the Exchange Act, the rules and regulations
promulgated thereunder, and the requirements of any stock exchange or automated quotation system upon which the shares may then be listed,
exchange control restrictions and/or securities law or other legal restrictions outside the U.S., and will be further subject to the approval
of counsel for Workday with respect to such compliance. Shares may be held in trust or subject to further restrictions as permitted by
any Subplan.

 

23.           Applicable
Law. The Plan will be governed by the substantive laws (excluding the conflict of laws rules)
of the State of Delaware.

 

24.           Amendment
or Termination. The Board or the Committee, in its sole discretion, may amend, suspend, or terminate
the Plan, or any part thereof, at any time and for any reason. If the Plan is terminated, the Board or the Committee, in its discretion,
may elect to terminate all outstanding Offering Periods either immediately or upon completion of the purchase of shares of Common Stock
on the next Purchase Date (which may be sooner than originally scheduled, if determined by the Board or the Committee in its discretion),
or may elect to permit Offering Periods to expire in accordance with their terms (and subject to any adjustment pursuant to Section 14).
If an Offering Period is terminated prior to its previously-scheduled expiration, all amounts then credited to Participants’ accounts
for such Offering Period which have not been used to purchase shares of Common Stock will be returned to those Participants (without interest
thereon, except as otherwise required under local laws) as soon as administratively practicable. Further, the Committee will be entitled
to establish rules to change the Purchase Periods and Offering Periods, limit the frequency and/or number of changes in the amount
withheld or contributed during a Purchase Period or an Offering Period, the Committee or Workday may establish the exchange ratio applicable
to amounts withheld in a currency other than U.S. dollars, the Committee or Workday may permit payroll withholding in excess of the amount
designated by a Participant in order to adjust for delays or mistakes in the administration of the Plan, the Committee or Workday may
establish reasonable waiting and adjustment periods and/or accounting and crediting procedures to ensure that amounts applied toward the
purchase of Common Stock for each Participant properly correspond with amounts withheld from the Participant’s Compensation, and
establish such other limitations or procedures as Workday or the Committee determines in its sole discretion advisable which are consistent
with the Plan. Such actions will not require stockholder approval or the consent of any Participants. However, no amendment will be made
without approval of the stockholders of Workday (obtained in accordance with Section 21 above) within twelve (12) months of the adoption
of such amendment (or earlier if required by Section 21) if such amendment would increase the number of shares that may be issued
under this Plan or otherwise require stockholder approval under Code Section 423. In addition, in the event the Board or Committee
determines that the ongoing operation of the Plan may result in unfavorable financial accounting consequences, the Board or Committee
may, in its discretion and, to the extent necessary or desirable, modify, amend or terminate the Plan to reduce or eliminate such accounting
consequences including, but not limited to: (i) amending the definition of Compensation, including with respect to an Offering Period
underway at the time; (ii) altering the Purchase Price for any Offering Period including an Offering Period underway at the time
of the change in Purchase Price; (iii) shortening any Offering Period by setting a Purchase Date, including an Offering Period underway
at the time of the Board or Committee action; (iv) reducing the maximum percentage of Compensation a participant may elect to set
aside as payroll deductions; and (v) reducing the maximum number of shares of Common Stock a Participant may purchase during any
Offering Period. Such modifications or amendments will not require approval of the stockholders of Workday or the consent of any Participants.

 

    

     

    

 

25.           Corporate
Transactions. In the event of a Corporate Transaction, each outstanding right to purchase Workday
Common Stock will be assumed or an equivalent option substituted by the successor corporation or a parent or a subsidiary of the successor
corporation. In the event that the successor corporation refuses to assume or substitute for the purchase right, the Offering Period with
respect to which such purchase right relates will be shortened by setting a new Purchase Date (the “New Purchase Date”)
and will end on the New Purchase Date. The New Purchase Date will occur on or prior to the consummation of the Corporate Transaction,
and the Plan will terminate on the consummation of the Corporate Transaction.

 

26.           Tax
Qualification. Although Workday may endeavor to (i) qualify an option to purchase Workday
Common Stock for favorable tax treatment under the laws of the U.S. or jurisdictions outside of the U.S. or (ii) avoid adverse tax
treatment (e.g., under Section 409A of the Code), Workday makes no representation to that effect and expressly disavows any covenant
to maintain favorable or avoid unfavorable tax treatment, notwithstanding anything to the contrary in this Plan. Workday will be unconstrained
in its corporate activities without regard to the potential negative tax impact on Participants under the Plan.

 

27.          Definitions.

 

(a)           “Affiliate”
means any entity, other than a Subsidiary or Parent, (i) that, directly or indirectly, is controlled by, controls or is under common
control with, Workday and (ii) in which Workday has a significant equity interest, in either case as determined by the Committee,
whether now or hereafter existing.

 

(b)          “Board”
means the Board of Directors of Workday.

 

    

     

    

 

(c)           “Code”
means the U.S. Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.

 

(d)           “Common
Stock” means the Class A common stock of Workday.

 

(e)           “Corporate
Transaction” means the occurrence of any of the following events: (i) any “person” (as such term is used
in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner” (as defined in Rule 13d-3 of
the Exchange Act), directly or indirectly, of securities of Workday representing fifty percent (50%) or more of the total voting power
represented by Workday’s then outstanding voting securities; (ii) the consummation of the sale or disposition by Workday of
all or substantially all of Workday’s assets; (iii) the consummation of a merger or consolidation of Workday with any other
corporation, other than a merger or consolidation which would result in the voting securities of Workday outstanding immediately prior
thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity
or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of Workday or such surviving
entity or its parent outstanding immediately after such merger or consolidation; or (iv) any other transaction which qualifies as
a “corporate transaction” under Section 424(a) of the Code wherein the stockholders of Workday give up all of their
equity interest in Workday (except for the acquisition, sale or transfer of all or substantially all of the outstanding shares of Workday).

 

(f)            “Effective
Date” means the date this amendment and restatement is approved by the stockholders of Workday, which shall be within twelve
(12) months of the approval of the Plan by the Board.

 

(g)           “Employee”
means any person providing services to Workday or any Participating Corporation as an employee. Neither service as a director nor payment
of a director’s fee by Workday will be sufficient to constitute “employment” by Workday.

 

(h)           “Exchange
Act” means the U.S. Securities Exchange Act of 1934, as amended.

 

(i)            “Fair
Market Value” means, as of any date, the value of a share of Common Stock determined as follows:

 

(i)            if
such Common Stock is publicly traded and is then listed on a national securities exchange, its closing price on the date of determination
on the principal national securities exchange on which the Common Stock is listed or admitted to trading as reported in such source as
the Board or Committee deems reliable, or if such principal national securities exchange is not open for business on the date that Fair
Market Value is being determined, the closing price as reported on the preceding business day on which that exchange was open for business;

 

(ii)            if
such Common Stock is publicly traded but is neither listed nor admitted to trading on a national securities exchange, the average of the
closing bid and asked prices on the date of determination (or if such date is not a business day, on the preceding business day) as reported
in such source as the Board or Committee deems reliable; or

 

    

     

    

 

(iii)          by
the Board or the Committee in good faith.

 

(j)            “Offering
Date” means the first U.S. business day of each Offering Period.

 

(k)           “Offering
Period” means a period with respect to which the right to purchase Common Stock may be granted under the Plan, as determined
by the Board or Committee pursuant to Section 5(a).

 

(l)            “Parent”
has the same meaning as “parent corporation” in Sections 424(e) and 424(f) of the Code.

 

(m)          “Participant”
means an eligible Employee who meets the eligibility requirements set forth in Section 4 and who elects to participate in the Plan,
subject and pursuant to Section 6.

 

(n)           “Participating
Corporation” means any Parent, Subsidiary or Affiliate that the Board designates from time to time as a corporation that
will participate in this Plan.

 

(o)           “Plan”
means this Workday, Inc. Amended and Restated 2012 Employee Stock Purchase Plan, as may be amended from time to time.

 

(p)           “Purchase
Date” means the last U.S. business day of each Purchase Period.

 

(q)           “Purchase
Period” means a period during which contributions may be made toward the purchase of Common Stock under the Plan, as determined
pursuant to Section 5(b).

 

(r)            “Purchase
Price” means the price at which Participants may purchase shares of Common Stock under the Plan, as determined pursuant
to Section 8.

 

(s)           “Securities
Act” means the U.S. Securities Act of 1933, as amended.

 

(t)           “Subsidiary”
has the same meaning as “subsidiary corporation” in Sections 424(e) and 424(f) of the Code.

 

(u)           “Workday”
means Workday, Inc., a Delaware corporation, or any successor corporation.

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