Document:

Change in Control and Severance Plan

 Exhibit 10.21 
 TIBCO Software Inc. Change in Control and Severance Plan 
 Amended and Restated December 10,
2008 
 1. Introduction. The purpose of this TIBCO Software Inc. Change in Control and Severance Plan (the “Plan”) is to
provide assurances of specified severance benefits to eligible employees of the Company whose employment is subject to being involuntarily terminated (other than for Cause, death or permanent disability) or terminated for Good Reason under the
circumstances described in the Plan, including but not limited to following a Change in Control of the Company. The Company recognizes that the potential of a Change in Control can be a distraction to employees and can cause such employees to
consider alternative employment opportunities. The Plan is intended to (i) assure that the Company will have continued dedication and objectivity of its employees, notwithstanding the possibility, threat or occurrence of a Change in Control and
(ii) provide the Company’s employees with an incentive to continue their employment and to motivate its employees to maximize the value of the Company prior to and following a Change in Control for the benefit of its stockholders. This
Plan is an “employee welfare benefit plan,” as defined in Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended. This document constitutes both the written instrument under which the Plan is maintained and
the required summary plan description for the Plan. 
 2. Important Terms. To help you understand how this Plan works, it is important
to know the following terms: 
 2.1 “Administrator” means the Company, acting through its EVP, General Counsel &
Secretary or any person to whom the Administrator has delegated any authority or responsibility pursuant to Section 7, but only to the extent of such delegation. 
 2.2 “Base Pay” means a Covered Employee’s regular straight-time salary as in effect during the last regularly scheduled payroll period immediately preceding the date on which the Severance
Benefit becomes payable. Base Pay does not include payments for overtime, shift premium, incentive compensation, incentive payments, bonuses, commissions or other compensation. 
 2.3 “Board” means the Board of Directors of the Company. 
 2.4 “Cause” means (i) an act of fraud or personal dishonesty undertaken by a Covered Employee in connection with the Covered Employee’s responsibilities as an employee that is intended to
result in substantial gain or personal enrichment of the Covered Employee at the expense of the Company, (ii) a Covered Employee’s conviction of, or plea of nolo contendere to, a felony, (iii) a Covered Employee’s gross
misconduct in connection with the performance or failure of performance of a material component of the Covered Employee’s responsibilities as an employee that is materially injurious to the Company, or (iv) a Covered Employee’s
continued substantial violations of his or her employment duties after the Covered Employee has received a written demand for performance from the Company which specifically sets forth the factual basis for the Company’s belief that the Covered
Employee has not substantially performed such duties. 
  

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 2.5 “Change in Control” means (a) a sale of all or substantially all of the
Company’s assets, (b) any merger, consolidation, or other business combination transaction of the Company with or into another corporation, entity, or person, other than a transaction in which the holders of at least a majority of the
shares of voting capital stock of the Company outstanding immediately prior to such transaction continue to hold (either by such shares remaining outstanding or by their being converted into shares of voting capital stock of the surviving entity) a
majority of the total voting power represented by the shares of voting capital stock of the Company (or the surviving entity) outstanding immediately after such transaction, (c) the direct or indirect acquisition (including by way of a tender
or exchange offer) by any person, or persons acting as a group, of beneficial ownership or a right to acquire beneficial ownership of shares representing a majority of the voting power of the then outstanding shares of capital stock of the Company,
(d) a contested election of Directors, as a result of which or in connection with which the persons who were Directors before such election or their nominees cease to constitute a majority of the Board, or (e) a dissolution or liquidation
of the Company. 
 2.6 “Change in Control Determination Period” means the time period beginning on the date of the Change in
Control and ending twelve months following the Change in Control. 
 2.7 “Change in Control Severance Benefit” means the
compensation and other benefits the Covered Employee will be provided pursuant to Section 4. 
 2.8 “Company” means TIBCO
Software Inc., a Delaware corporation, and any successor by merger, acquisition, consolidation or otherwise that assumes the obligations of the Company under the Plan. 
 2.9 “Covered Employee” means an employee of the Company who has been designated by the Administrator to participate in the Plan. Each such designated employee is shown on Appendix A and/or Appendix B
attached hereto as a “Covered Employee.” 
 2.10 “Effective Date” means July 10, 2005. 
 2.11 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 
 2.12 “Good Reason” means without the Covered Employee’s written consent, after (a) a material reduction in the Covered
Employee’s authority, status or responsibilities (including reporting responsibilities) relative to the Covered Employee’s authority, status or responsibilities in effect immediately prior to such reduction where such reduction was imposed
without Cause; (b) a reduction in the Covered Employee’s annualized Base Pay, without the Covered Employee’s written consent (unless the Company also reduces the Base Pay of substantially all other employees of the Company);
(c) a reduction in the kind or level of benefits (not including Base Pay, target bonus or equity compensation) for which the Covered Employee is eligible (unless the Company also reduces the kind or level of benefits available to substantially
all other employees of the Company); or (d) the relocation of the Covered Employee’s principal place of performing his or her duties as an employee of the Company by more than thirty (30) miles. Notwithstanding the foregoing, an event
described in this Section 2.11 shall not constitute Good Reason unless it is communicated by the Covered Employee to the Company in writing and is not corrected by the Company in a manner which is reasonably satisfactory to such Covered
Employee (including full retroactive correction with respect to any monetary matter) within 10 days of the Company’s receipt of such written notice. 
 2.13 “Involuntary Termination” means a termination of employment of a Covered Employee under the circumstances described in Sections 4.1 and 5.1. 
 2.14 “Plan” means the TIBCO Software Inc. Change in Control and Severance Plan, as set forth in this document, and as hereafter amended
from time to time. 
  

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 2.15 “Severance Benefit” means the compensation and other benefits the Covered Employee
will be provided pursuant to Section 5. 
 2.16 “Target Bonus” means, with respect to a Covered Employee, the Covered
Employee’s target bonus pursuant to the Company’s Executive Incentive Compensation Plan or any other applicable corporate bonus plan (a) at the rate in effect as of the date of the Covered Employee’s termination, or at a rate of
100% if no such rate is in effect as of the date of the Covered Employee’s termination, or, if higher, at the rate in effect as of any date within the twelve-month period preceding the date of the Covered Employee’s termination and
(b) assuming one hundred percent (100%) achievement of the Covered Employee’s and the Company’s objectives, if any. Notwithstanding the foregoing, the Covered Employee’s target bonus for purposes of the Plan shall be deemed
to be the amount received as a bonus by the Covered Employee for the Company’s fiscal year preceding the date of the Covered Employee’s termination if a target bonus has not been established for the then current fiscal year and the Covered
Employee’s bonuses, if any, are discretionary and not pursuant to any non-discretionary bonus plan or commission rate established by the Company. The Covered Employee’s Target Bonus shall not include amounts attributable to any other
bonus, including, but not limited to, any other discretionary bonuses such as spot bonuses. 
 2.17 “Tier 1 Covered Employee”
means (a) with respect to the Change in Control Severance Benefits provided pursuant to Section 4, any employee of the Company designated as an employee under Tier 1 as shown on Appendix A attached hereto and (b) with respect to
the Severance Benefits provided pursuant to Section 5, any employee of the Company who, immediately prior to the Change of Control, has the employee title designated under Tier 1 as shown on Appendix B attached hereto. 
 2.18 “Tier 2 Covered Employee” means (a) with respect to the Change in Control Severance Benefits provided pursuant to
Section 4, any employee of the Company designated as an employee under Tier 2 as shown on Appendix A attached hereto and (b) with respect to the Severance Benefits provided pursuant to Section 5, any employee of the Company who,
immediately prior to the Change of Control, has the employee title designated under Tier 2 as shown on Appendix B attached hereto. 
 2.19
“Tier 3 Covered Employee” means (a) with respect to the Change in Control Severance Benefits provided pursuant to Section 4, any employee of the Company designated as an employee under Tier 3 as shown on Appendix A
attached hereto and (b) with respect to the Severance Benefits provided pursuant to Section 5, any employee of the Company who, immediately prior to the Change of Control, has the employee title designated under Tier 3 as shown on Appendix
B attached hereto. 
 2.20 “Tier 4 Covered Employee” means any employee of the Company designated as an employee under Tier
4 as shown on Appendix A attached hereto. 
 3. Eligibility for Change in Control Severance Benefits and Severance Benefits. An
individual is eligible for the Change in Control Severance Benefit or the Severance Benefit under the Plan, in the amount set forth in Section 4 or Section 5, respectively, only if he or she is a Covered Employee on the date he or
she experiences an Involuntary Termination. 
  

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 4. Change in Control Severance Benefit. 
 4.1 Involuntary Termination Following a Change in Control. If at any time within the Change in Control Determination Period (i) a Covered
Employee terminates his or her employment with the Company (or any parent or subsidiary of the Company) for Good Reason, or (ii) the Company (or any parent or subsidiary of the Company) terminates such Covered Employee’s employment for
other than Cause, death or permanent disability, then, subject to the Covered Employee’s compliance with Section 7, the Covered Employee shall receive the following Change in Control Severance Benefit from the Company: 
 4.1.1 Change in Control Severance Benefit. 
 4.1.1.1 Tier 1 Covered Employee. If the Covered Employee is a Tier 1 Covered Employee, he or she shall be entitled to receive a lump sum cash payment equal to twelve (12) months of Base Pay and the Covered Employee’s Target
Bonus. 
 4.1.1.2 Tier 2 Covered Employee. If the Covered Employee is a Tier 2 Covered Employee, he or she shall be entitled to
receive a lump sum cash payment equal to nine (9) months of Base Pay and nine (9) months of the Covered Employee’s Target Bonus. 
 4.1.1.3 Tier 3 Covered Employee. If the Covered Employee is a Tier 3 Covered Employee, he or she shall be entitled to receive a lump sum cash payment equal to six (6) months of Base Pay and six (6) months of the Covered
Employee’s Target Bonus. 
 4.1.1.4 Tier 4 Covered Employee. If the Covered Employee is a Tier 4 Covered Employee, he or she
shall be entitled to receive a lump sum cash payment equal to three (3) months of Base Pay and three (3) months of the Covered Employee’s Target Bonus. 
 4.1.2 Continued Medical Benefits. If the Covered Employee, and any spouse and/or dependents of the Covered Employee (“Family Members”) has medical and dental coverage on the date of Covered
Employee’s termination of employment under a group health plan sponsored by the Company, the Company will reimburse Covered Employee for the total applicable premium cost for medical and dental coverage under the Consolidated Omnibus Budget
Reconciliation Act of 1986, 29 U.S.C. Sections 1161-1168; 26 U.S.C. Section 4980B(f), as amended, and all applicable regulations (referred to collectively as “COBRA”) for Covered Employee and his Family Members as follows: 

4.1.2.1 Tier 1 Covered Employee. For a period of up to twelve (12) months. 
 4.1.2.2 Tier 2 Covered Employee. For a period of up to nine (9) months. 
 4.1.2.3 Tier 3 Covered Employee. For a period of up to six (6) months. 
 4.1.2.4 Tier 4 Covered Employee. For a period of up to three (3) months. 
 Notwithstanding the forgoing, the Company shall have no obligation to reimburse the Covered Employee for the premium cost of COBRA coverage beginning on
or after the date the Covered Employee and his Family Members first become eligible to obtain comparable benefits from a subsequent employer. 
  

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 4.1.3 Equity Award Accelerated Vesting. 
 4.1.3.1 Tier 1 Covered Employee. Fifty (50) percent of each Tier 1 Covered Employee’s outstanding and unvested equity compensation
awards, as determined on such Covered Employee’s date of termination, shall automatically accelerate, all restrictions or repurchase rights applicable thereto shall immediately lapse, and any performance goals or other vesting criteria
applicable thereto shall be deemed achieved at target levels so as to become fully vested and exercisable. The period over which such equity compensation awards may be exercised shall be governed by the applicable provisions of the Company’s
Stock Plans and related award agreements. 
 4.1.3.2 Tier 2 and Tier 3 Covered Employees. Twenty-five (25) percent of each Tier
2 Covered Employee’s and each Tier 3 Covered Employee’s outstanding and unvested equity compensation awards, as determined on such Covered Employee’s date of termination, shall automatically accelerate, all restrictions or repurchase
rights applicable thereto shall immediately lapse, and any performance goals or other vesting criteria applicable thereto shall be deemed achieved at target levels so as to become fully vested and exercisable. The period over which such equity
compensation awards may be exercised shall be governed by the applicable provisions of the Company’s Stock Plans and related award agreements. 
 4.1.3.3 Tier 4 Covered Employee. The acceleration of vesting upon a Change in Control of each Tier 4 Covered Employee’s outstanding and unvested equity compensation awards, as determined on such Covered
Employee’s date of termination, and the period over which such equity compensation awards may be exercised shall be governed by the applicable provisions of the Company’s Stock Plans and related award agreements. 
 5. Severance Benefit. 
 5.1
Involuntary Termination Other Than During the Change in Control Determination Period. If at any time after the Change in Control Determination Period (i) a Covered Employee terminates his or her employment with the Company (or any parent
or subsidiary of the Company) for Good Reason, or (ii) the Company (or any parent or subsidiary of the Company) terminates such Covered Employee’s employment for other than Cause, death or permanent disability, then, subject to the Covered
Employee’s compliance with Section 7, the Covered Employee shall receive the following Severance Benefit from the Company: 
 5.1.1 Severance Benefit. 
 5.1.1.1 Tier 1 Covered Employee. If the Covered Employee is a Tier 1 Covered Employee, he
or she shall be entitled to receive a lump sum cash payment equal to twelve (12) months of Base Pay and twelve (12) months of the Covered Employee’s Target Bonus. 
 5.1.1.2 Tier 2 Covered Employee. If the Covered Employee is a Tier 2 Covered Employee, he or she shall be entitled to receive a lump sum cash
payment equal to nine (9) months of Base Pay and nine (9) months of the Covered Employee’s Target Bonus. 
 5.1.1.3 Tier 3
Covered Employee. If the Covered Employee is a Tier 3 Covered Employee, he or she shall be entitled to receive a lump sum cash payment equal to six (6) months of Base Pay and six (6) months of the Covered Employee’s Target Bonus.

  

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 5.1.2 Continued Medical Benefits. If the Covered Employee, and any spouse and/or dependents of
the Covered Employee (“Family Members”) has medical and dental coverage on the date of Covered Employee’s termination of employment under a group health plan sponsored by the Company, the Company will reimburse Covered Employee for
the total applicable premium cost for medical and dental coverage under the Consolidated Omnibus Budget Reconciliation Act of 1986, 29 U.S.C. Sections 1161-1168; 26 U.S.C. Section 4980B(f), as amended, and all applicable regulations (referred
to collectively as “COBRA”) for Covered Employee and his Family Members as follows: 
 5.1.2.1 Tier 1 Covered Employee. For
a period of up to twelve (12) months. 
 5.1.2.2 Tier 2 Covered Employee. For a period of up to nine (9) months.

 5.1.2.3 Tier 3 Covered Employee. For a period of up to six (6) months. 
 6. Parachute Payments. In the event that the severance and other benefits provided for in this Plan or otherwise payable or provided to the
Covered Employee (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”) and (ii) but for this Section 6, would be subject to the
excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the Employee’s severance benefits hereunder shall be either 
 (a) delivered in full, or 
 (b) delivered as to such lesser extent which would result in no portion of such
severance benefits being subject to the Excise Tax, 
 whichever of the foregoing amounts, taking into account the applicable federal, state and local income
taxes and the Excise Tax, results in the receipt by the Covered Employee on an after-tax basis, of the greatest amount of severance benefits, notwithstanding that all or some portion of such severance benefits may be taxable under Section 4999
of the Code. Unless the Company and the Covered Employee otherwise agree in writing, any determination required under this Section 6 shall be made in writing in good faith by the accounting firm serving as the Company’s independent public
accountants immediately prior to the Change in Control (the “Accountants”). In the event of a reduction in benefits hereunder, the reduction will occur in the following order: the vesting acceleration of stock options, then cash severance
benefits, then vesting acceleration of restricted stock awards, and then Company-paid COBRA coverage. In the event that acceleration of vesting of stock options or restricted stock awards is to be reduced, such acceleration of vesting shall be
cancelled in the reverse order of the date of grant for the Covered Employee’s stock options or restricted stock awards, as applicable. If two or more stock options or restricted stock awards are granted on the same day, the stock options or
restricted stock awards, as applicable, will be reduced on a pro-rata basis. For purposes of making the calculations required by this Section 6, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and
may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and the Covered Employee shall furnish to the Accountants such information and documents as the Accountants may
reasonably request in order to make a determination under this Section. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section 6. 
  

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 7. Release and Non-Disparagement Agreement. As a condition to receiving Change in Control
Severance Benefits or Severance Benefits under this Plan, each Covered Employee will be required to sign a waiver and release of all claims arising out of his or her Involuntary Termination and employment with the Company and its subsidiaries and
affiliates and an agreement not to disparage the Company, its directors, or its executive officers, in a form reasonably satisfactory to the General Counsel of the Company. The Release will include specific information regarding the amount of time
the Covered Employee will have to consider the terms of the Release and return the signed agreement to the Company. In no event will the period to return the Release be longer than sixty (60) days following the Covered Employee’s
Involuntary Termination, inclusive of any revocation period set forth in the Release. 
 8. Timing of Benefits. Change of Control
Severance Benefits and Severance Benefits shall be paid as soon as administratively practicable following the date of the Covered Employee’s termination, subject to Section 11 below and the Covered Employee’s compliance with
Section 7 above. Notwithstanding the foregoing and subject to Section 11 below, if the Covered Employee’s Involuntary Termination occurs on or before October 15 of a calendar year, his or her cash severance benefits will be paid
within ten (10) calendar days after the date of the Covered Employee’s termination or, if later, on the date the Release becomes effective but on or before December 31 of that calendar year. If the Covered Employee’s Involuntary
Termination occurs after October 15 of a calendar year, the Covered Employee’s cash severance benefits will be paid on the later of (a) the second payroll date in the calendar year next following the calendar year of the Covered
Employee’s Involuntary Termination or (b) the first payroll date following the date his or her Release becomes effective, subject to Section 11 below. 
 9. Termination of Benefits. Benefits under this Plan shall terminate immediately for a Covered Employee if such Covered Employee, at any time, violates any proprietary information or confidentiality obligation
to the Company or the terms of any applicable non-competition agreement with the Company. 
 10. Non-Duplication of Benefits.
Notwithstanding any other provision in the Plan to the contrary, the Change in Control Severance Benefits, Severance Benefits and other benefits provided hereunder shall be in lieu of any other severance and/or retention plan benefits and the Change
in Control Severance Benefits, Severance Benefits and other benefits provided hereunder shall be reduced by any severance paid or provided to a Covered Employee under any other plan or arrangement. 
 11. Section 409A. 
 11.1 Change
in Control Severance Benefits and Severance Benefits shall be paid as soon as administratively practicable following the date of the Covered Employee’s termination, subject to the Covered Employee’s compliance with Section 7.
Notwithstanding the foregoing, no Deferred Compensation Separation Benefits (as defined below) payable under this Plan will be considered due or payable until the Covered Employee has a “separation from service” within the meaning of
Section 409A of the Internal Revenue Code of 1986, as amended and the final regulations and any guidance promulgated thereunder (together, “Section 409A”). In addition, if the Covered Employee is a “specified employee”
within the meaning of Section 409A at the time of the Covered Employee’s separation from service (other than due to death), then the Change in Control Severance Benefits or Severance Benefits otherwise due to the Covered Employee under
this Plan, if any, that may be considered deferred compensation under Section 409A, and any other severance payments or separation benefits that may be considered deferred compensation under Section 409A (together, the “Deferred
Compensation Separation Benefits”) otherwise due to the Covered Employee on or within the six (6) month period following the Covered Employee’s termination will accrue during such six (6) month period and will become payable in a
lump sum payment on the date six (6) months and one (1) day following the date of the Covered Employee’s separation from service. All subsequent payments, if any, will be payable in accordance with 

  

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the payment schedule applicable to each payment or benefit. Notwithstanding anything herein to the contrary, if the Covered Employee dies following his
separation but prior to the six (6) month anniversary of his date of separation, then any payments delayed in accordance with this paragraph will be payable in a lump sum as soon as administratively practicable after the date of the Covered
Employee’s death and all other Deferred Compensation Separation Benefits will be payable in accordance with the payment schedule applicable to each payment or benefit. 
 11.2 It is the intent of this Plan to comply with the requirements of Section 409A so that none of the severance payments and benefits to be
provided hereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. Notwithstanding anything to the contrary in the Plan, including but not limited to
Section 16, the Company reserves the right to amend the Plan as it deems necessary or advisable, in its sole discretion and without the consent of the Covered Employees, to comply with Section 409A of the Code or to otherwise avoid income
recognition under Section 409A of the Code prior to the actual payment of Change in Control Severance Benefits or Severance Benefits or imposition of any additional tax (provided that no such amendment shall materially reduce the benefits
provided hereunder). 
 12. Vacation Days. Any unused vacation pay accrued as of a Covered Employee’s date of Involuntary
Termination will be paid at the time the Covered Employee receives his or her first Change in Control Severance Benefit or Severance Benefit or, to the extent the six month delay in Section 10.1 is applicable to the Covered Employee, at the
time the Covered Employee would have received his or her first Change in Control Severance Benefit or Severance Benefit in the absence of such delay. No Covered Employee may use any accrued but unused vacation pay to extend his or her Involuntary
Termination date or to postpone or delay the start of his or her Severance Period. 
 13. Withholding. The Company will withhold from
any Change in Control Severance Benefits or Severance Benefits all federal, state, local and other taxes required to be withheld therefrom and any other required payroll deductions. 
 14. Administration. The Company is the administrator of the Plan (within the meaning of section 3(16)(A) of ERISA). The Plan will be administered
and interpreted by the Administrator (in his or her sole discretion). The Administrator is the “named fiduciary” of the Plan for purposes of ERISA and will be subject to the fiduciary standards of ERISA when acting in such capacity. Any
decision made or other action taken by the Administrator with respect to the Plan, and any interpretation by the Administrator of any term or condition of the Plan, or any related document, will be conclusive and binding on all persons and be given
the maximum possible deference allowed by law. The Administrator has the authority to act for the Company (in a non-fiduciary capacity) as to any matter pertaining to the Plan; provided, however, that this authority does not apply with
respect to (a) the Company’s power to amend or terminate the Plan or (b) any action that could reasonably be expected to increase significantly the cost of the Plan is subject to the prior approval of the Executive Vice President
Strategic Operations of the Company. The Administrator may delegate in writing to any other person all or any portion of his or her authority or responsibility with respect to the Plan. 
 15. Eligibility to Participate. The Administrator will not be excluded from participating in the Plan if otherwise eligible, but he or she is not
entitled to act or pass upon any matters pertaining specifically to his or her own benefit or eligibility under the Plan. The Executive Vice President, Strategic Operations of TIBCO Software Inc. will act upon any matters pertaining specifically to
the benefit or eligibility of the Administrator under the Plan. 
  

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 16. Amendment or Termination. 
 16.1 The Company reserves the right to amend, modify or terminate the Plan at any time, without advance notice to any Covered Employee; provided,
however, that, prior to a Change in Control, the Company shall provide nine (9) months advance notice to each Covered Employee of any amendment or modification to the Plan with respect to Change in Control Severance Benefits that would be
adverse to such Covered Employee with respect to eligibility or the amount of Change in Control Severance Benefits payable hereunder. Notwithstanding the preceding, commencing on the date of a Change in Control, no amendment or termination of the
Plan shall reduce the Change in Control Severance Benefit payable to any Covered Employee who terminates employment during the Change in Control Determination Period (unless the affected Covered Employee consents to such amendment or termination).
Any action of the Company in amending or terminating the Plan will be taken in a non-fiduciary capacity. 
 16.2 The Company reserves the
right to amend, modify or terminate the Plan at any time, provided that the Company shall provide six (6) months advance notice to each Covered Employee of any amendment or modification to the Plan that would be adverse to such Covered Employee
with respect to eligibility or the amount of Severance Benefits payable hereunder. Notwithstanding the foregoing, no such notice may be given (i) prior to December 31, 2006, (ii) after a Change in Control, or (iii) following or
in connection with the approval by the Board of a Change in Control (unless such Change in Control is not reasonably anticipated to occur). Notwithstanding the foregoing, no amendment or termination of the Plan shall reduce the Severance Benefit
payable to any Covered Employee who has terminated employment prior to the amendment or termination (unless the affected Covered Employee consents to such amendment or termination). Any action of the Company in amending or terminating the Plan will
be taken in a non-fiduciary capacity. 
 17. Claims Procedure. Any employee or other person who believes he or she is entitled to any
payment under the Plan may submit a claim in writing to the Administrator. If the claim is denied (in full or in part), the claimant will be provided a written notice explaining the specific reasons for the denial and referring to the provisions of
the Plan on which the denial is based. The notice will also describe any additional information needed to support the claim and the Plan’s procedures for appealing the denial. The denial notice will be provided within 90 days after the claim is
received. If special circumstances require an extension of time (up to 90 days), written notice of the extension will be given within the initial 90-day period. This notice of extension will indicate the special circumstances requiring the extension
of time and the date by which the Administrator expects to render its decision on the claim. 
 18. Appeal Procedure. If the
claimant’s claim is denied, the claimant (or his or her authorized representative) may apply in writing to the Administrator for a review of the decision denying the claim. Review must be requested within 60 days following the date the claimant
received the written notice of their claim denial or else the claimant loses the right to review. The claimant (or representative) then has the right to review and obtain copies of all documents and other information relevant to the claim, upon
request and at no charge, and to submit issues and comments in writing. The Administrator will provide written notice of his or her decision on review within 60 days after it receives a review request. If additional time (up to 60 days) is needed to
review the request, the claimant (or representative) will be given written notice of the reason for the delay. This notice of extension will indicate the special circumstances requiring the extension of time and the date by which the Administrator
expects to render its decision. If the claim is denied (in full or in part), the claimant will be provided a written notice explaining the specific reasons for the denial and referring to the provisions of the Plan on which the denial is based. The
notice shall also include a statement that the claimant will be provided, upon request and free of charge, reasonable access to, and copies of, all documents and other information relevant to the claim and a statement regarding the claimant’s
right to bring an action under Section 502(a) of ERISA. 
  

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 19. Source of Payments. All Change in Control Severance Benefits and Severance Benefits will be
paid in cash from the general funds of the Company; no separate fund will be established under the Plan; and the Plan will have no assets. No right of any person to receive any payment under the Plan will be any greater than the right of any other
general unsecured creditor of the Company. 
 20. Inalienability. In no event may any current or former employee of the Company or any
of its subsidiaries or affiliates sell, transfer, anticipate, assign or otherwise dispose of any right or interest under the Plan. At no time will any such right or interest be subject to the claims of creditors nor liable to attachment, execution
or other legal process. 
 21. No Enlargement of Employment Rights. Neither the establishment or maintenance of the Plan, any
amendment of the Plan, nor the making of any benefit payment hereunder, will be construed to confer upon any individual any right to be continued as an employee of the Company. The Company expressly reserves the right to discharge any of its
employees at any time, with or without cause. 
 22. Applicable Law. The provisions of the Plan will be construed, administered and
enforced in accordance with ERISA and, to the extent applicable, the laws of the State of California. 
 23. Severability. If any
provision of the Plan is held invalid or unenforceable, its invalidity or unenforceability will not affect any other provision of the Plan, and the Plan will be construed and enforced as if such provision had not been included. 
 24. Headings. Headings in this Plan document are for purposes of reference only and will not limit or otherwise affect the meaning hereof.

 25. Indemnification. The Company hereby agrees to indemnify and hold harmless the officers and employees of the Company, and the
members of its boards of directors, from all losses, claims, costs or other liabilities arising from their acts or omissions in connection with the administration, amendment or termination of the Plan, to the maximum extent permitted by applicable
law. This indemnity will cover all such liabilities, including judgments, settlements and costs of defense. The Company will provide this indemnity from its own funds to the extent that insurance does not cover such liabilities. This indemnity is in
addition to and not in lieu of any other indemnity provided to such person by the Company. 
 26. Additional Information. 

 

			
	Plan Name:	  	TIBCO Software Inc. Change in Control and Severance Plan
		
	Plan Sponsor:	  	 TIBCO Software Inc.
 3303 Hillview Ave
 Palo Alto, CA 94304

		
	Identification Numbers:	  	 EIN:—77-0449727
 PLAN:
5            

		
	Plan Year:	  	 Company’s Fiscal Year

		
	Plan Administrator:	  	 TIBCO Software Inc.
 Attention: Executive Vice
President, General Counsel & Secretary
 3303 Hillview Ave
 Palo Alto, CA 94304
  
 (650) 846-1000

  

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	Agent for Service of Legal Process:	  	 TIBCO Software Inc.
 Attention: General Counsel

 3303 Hillview Ave
 Palo Alto, CA 94304
  
 (650) 846-1000
  
 Service of process may also be made upon the Plan Administrator.

		
	Type of Plan	  	Severance Plan/Employee Welfare Benefit Plan
		
	Plan Costs	  	The cost of the Plan is paid by the Employer.

 28. Statement of ERISA Rights. 
 As a Covered Employee under the Plan, you have certain rights and protections under ERISA: 
 (a) You may examine (without charge) all Plan documents, including any amendments and copies of all documents filed with the U.S. Department of Labor,
such as the Plan’s annual report (IRS Form 5500). These documents are available for your review in the Company’s Human Resources Department. 
 (b) You may obtain copies of all Plan documents and other Plan information upon written request to the Plan Administrator. A reasonable charge may be made for such copies. 
 In addition to creating rights for Covered Employees, ERISA imposes duties upon the people who are responsible for the operation of the Plan. The people
who operate the Plan (called “fiduciaries”) have a duty to do so prudently and in the interests of you and the other Covered Employees. No one, including the Company or any other person, may fire you or otherwise discriminate against you
in any way to prevent you from obtaining a benefit under the Plan or exercising your rights under ERISA. If your claim for a severance benefit is denied, in whole or in part, you must receive a written explanation of the reason for the denial. You
have the right to have the denial of your claim reviewed. (The claim review procedure is explained in Sections 10 and 11 above.) 
 Under
ERISA, there are steps you can take to enforce the above rights. For instance, if you request materials and do not receive them within 30 days, you may file suit in a federal court. In such a case, the court may require the Plan Administrator to
provide the materials and to pay you up to $110 a day until you receive the materials, unless the materials were not sent because of reasons beyond the control of the Plan Administrator. If you have a claim which is denied or ignored, in whole or in
part, you may file suit in a state or federal court. If it should happen that you are discriminated against for asserting your rights, you may seek assistance from the U.S. Department of Labor, or you may file suit in a federal court. 
  

 11 

 In any case, the court will decide who will pay court costs and legal fees. If you are successful, the
court may order the person you have sued to pay these costs and fees. If you lose, the court may order you to pay these costs and fees, for example, if it finds that your claim is frivolous. 
 If you have any questions regarding the Plan, please contact the Plan Administrator. If you have any questions about this statement or about your rights
under ERISA, you may contact the nearest area office of the Employee Benefits Security Administration (formerly the Pension and Welfare Benefits Administration), U.S. Department of Labor, listed in your telephone directory, or the Division of
Technical Assistance and Inquiries, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W. Washington, D.C. 20210. You may also obtain certain publications about your rights and responsibilities under
ERISA by calling the publications hotline of the Employee Benefits Security Administration. 
 29. Execution. 
 In Witness Whereof, the Company, by its duly authorized officer, has executed this amended Plan on the date indicated below. 
  

			
	TIBCO Software Inc.
		
	By	 	/s/ William R. Hughes
		 	
	Title	 	Executive Vice President, General Counsel & Secretary
		
	Date	 	December 10, 2008

  

 12Amended and Restated Employment Agreement

 Exhibit 10.23 
 TIBCO SOFTWARE INC. 
 VIVEK RANADIVE AMENDED AND RESTATED 
 EMPLOYMENT AGREEMENT 
 This Agreement
is effective as of the last date signed below (the “Amendment Date”), by and between TIBCO Software Inc. (the “Company”) and Vivek Ranadive (“Executive”), and amends and restates the employment agreement entered into as
of November 30, 2004 (the “Effective Date”) by the Company and Executive. 
 1. Duties and Scope of Employment.

 (a) Positions and Duties. Beginning on the Effective Date, and continuing as of the Amendment Date, Executive will serve as Chief
Executive Officer and Chairman of the Board of Directors (the “Board”). Executive will render such business and professional services in the performance of his duties, consistent with Executive’s position within the Company, as will
reasonably be assigned to him by the Board. The period of Executive’s employment under this Agreement is referred to herein as the “Employment Term.” 
 (b) Board Membership. At each annual meeting of the Company’s stockholders during the Employment Term, the Company will nominate Executive to serve as a member of the Board. Executive’s service as a
member of the Board will be subject to any required stockholder approval. 
 (c) Obligations. During the Employment Term, Executive
will devote Executive’s full business efforts and time to the Company. For the duration of the Employment Term, Executive agrees not to actively engage in any other employment, occupation, or consulting activity for any direct or indirect
remuneration without the prior approval of the Board (which approval will not be unreasonably withheld); provided, however, that Executive may, without the approval of the Board, serve in any capacity with any civic, educational, or charitable
organization, provided such services do not interfere with Executive’s obligations to Company. 
 2. At-Will Employment.
Executive and the Company agree that Executive’s employment with the Company constitutes “at-will” employment. Executive and the Company acknowledge that this employment relationship may be terminated at any time, upon written notice
to the other party, with or without good cause or for any or no cause, at the option either of the Company or Executive. However, as described in this Agreement, Executive may be entitled to severance benefits depending upon the circumstances of
Executive’s termination of employment. Upon the termination of Executive’s employment with the Company for any reason, Executive will be entitled to payment of all accrued but unpaid compensation, vacation, expense reimbursements, and
other benefits due to Executive through his termination date under any Company-provided or paid plans, policies, and arrangements. Executive agrees to resign from all positions that he holds with the Company, including, without limitation, his
position as a member of the Board, immediately following the termination of his employment if the Board so requests. 

 3. Term of Agreement. This Agreement shall be renewed for a term of three years commencing on the
Amendment Date. 
 4. Compensation. 
 (a) Base Salary. During fiscal year 2008, the Company will pay Executive an annual salary of $575,000 as compensation for his services (the “Base Salary”). The Base Salary will be paid periodically in
accordance with the Company’s normal payroll practices and be subject to the usual, required withholding. Executive’s salary will be subject to review, and adjustments will be made based upon the Companys standard practices. 
 (b) Annual Bonus. Executive’s annual target bonus, including Executive’s 2008 fiscal year target bonus, will be 100% of Base Salary
(“Target Bonus”). Executive’s annual bonus will be payable upon achievement of performance goals established by the Compensation Committee of the Board (the “Committee”). Executive will have the opportunity to discuss the
nature of such achievement or performance goals with the Committee prior to such goals being established. The actual bonus paid may be higher or lower than the Target Bonus for over- or under-achievement of Executive’s performance goals, as
determined by the Committee. The Committee also will take into account changes to the size or capabilities of the Company in determining actual bonus amounts. Bonuses, if any, will accrue and become payable in accordance with the Committee’s
standard practices for paying executive incentive compensation, provided however that any bonus payable under this Section 4(b) will be paid by the later of (i) two-and-one-half months after the end of the Company’s fiscal year
to which it relates or (ii) two-and-one-half months after the end of the Executive’s taxable year in which the bonus becomes payable. 
 (c) Equity Compensation. In each of fiscal years 2008, 2009, and 2010, and assuming the Executive has not received an unsatisfactory performance review with respect to the applicable year, Executive will be granted one or more stock
awards as follows: at such time during each year as the Compensation Committee determines appropriate (1) Executive shall be granted stock options to purchase up to 1,000,000 shares of the Company common stock (any such option granted under
this Section 4(c) is referred to as an “Option”), and (2) up to 250,000 shares of restricted Company common stock (any such award of shares of stock under this Section 4(c) is referred to as “Restricted Stock”). In
addition to the foregoing, the Committee may also grant Executive a further award of up to 250,000 shares of Restricted Stock (or Options to purchase up to such number of shares of common stock as the Committee determines) as a bonus or additional
compensation in consideration of Executive achieving heightened performance or other targets established by the Committee from time to time. In each case, any award of Options or Restricted Stock shall be in the sole discretion of the Committee. The
Options will be subject to the Company’s then standard terms and conditions for executive stock option grants and may also be subject to performance based vesting in accordance with then current market practices. The Restricted Stock will be
subject to the Company’s then standard terms and conditions for executive restricted stock awards and may vest on a sliding scale based on Company performance, with the actual performance goals set by the Committee. The Executive will have the
opportunity to discuss the nature of such performance goals with the Committee prior to such performance goals being established. 
 The
Company and Executive agree that for fiscal year 2008 Executive will be granted 700,000 Options and awarded 100,000 shares of non-performance based Restricted Stock at the same time and in the same manner as the Company makes its annual 2008 Option
grants and Restricted Stock awards to all eligible employees. 

 Notwithstanding anything in this Section 4(c) to the contrary, the Company’s ability to grant
stock awards, including the Restricted Stock, under Company stock plans is subject to stockholder approval of reservation of the requisite number of shares. 
 5. Employee Benefits. During the Employment Term, Executive will be eligible to participate in accordance with the terms of all Company employee benefit plans, policies, and arrangements that are applicable to
other senior executives of the Company, as such plans, policies, and arrangements may exist from time to time. 
 6. Expenses. The
Company will reimburse Executive for reasonable travel, entertainment, and other expenses incurred by Executive in the furtherance of the performance of Executive’s duties hereunder, in accordance with the Company’s expense reimbursement
policy as in effect from time to time. 
 7. Severance. 
 (a) Termination Without Cause or Resignation for Good Reason other than in connection with a Change of Control. If Executive’s employment is terminated by the Company without Cause or by Executive for Good
Reason, and the termination is not in Connection with a Change of Control, then, subject to Section 8, Executive will receive: (i) continued payment of Base Salary for a period of 12 months, (ii) a lump-sum payment, paid at the time
fiscal year bonuses are paid to other executives, equal to 1.0 times Executive’s actual bonus for the fiscal year immediately preceding the fiscal year in which the termination occurs, (iii) reimbursement for premiums paid to continue
coverage for Executive and Executive’s eligible dependents under the Company’s Benefit Plans (as defined in Section 9 below) for the Continuance Period (as defined in Section 9 below), or, if earlier, until Executive is eligible
for similar benefits from another employer (provided Executive validly elects to continue coverage under applicable law), and (iv) 12 months’ accelerated vesting of equity awards then held by the Executive (performance conditions
applicable to performance-based equity awards that might under the award terms have been satisfied in such 12-month period shall remain in place unless the Board, in its sole discretion, waives such condition as of the termination date) whether
granted prior to, on or after the Effective Date. In addition, Executive will have 12 months to exercise equity awards that have the accelerated vesting described in the preceding sentence. In no case, however, shall any equity award be exercisable
after the expiration of its term. 
 (b) Termination Without Cause or Resignation for Good Reason in connection with a Change of
Control. If Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason, and the termination is in Connection with a Change of Control, then, subject to Section 8, Executive will receive:
(i) continued payment of Base Salary for a period of 24 months, (ii) a lump-sum payment, paid at the time fiscal year bonuses are paid to other executives, equal to twice the average of Executive’s actual bonuses for the two fiscal
years immediately preceding the fiscal year in which the Change of Control occurs, (iii) reimbursement for premiums paid to continue coverage for Executive and Executive’s eligible dependents under the Company’s Benefit Plans for the
Continuance Period, or, if earlier, until Executive is eligible for similar benefits from another employer (provided Executive validly elects to continue coverage 

 
under applicable law), (iv) 100% vesting of all equity awards then held by Executive, whether granted prior to, on or after the Effective Date, and
(v) a Section 280G gross-up, as described in Section 7(b)(i) below. In addition, Executive will have 24 months to exercise equity awards that have the accelerated vesting described in the preceding sentence. In no case, however, shall
any equity award be exercisable after the expiration of its term. 
 (i) Section 280G Gross-up. Executive and the Company hereby
agree that the version of this Section 7(b)(i) contained in Executive’s previous employment agreement is no longer in effect. At the time of any renewal or replacement of this Agreement, Executive and the Company agree to negotiate in
good faith the issue of whether they will reinstitute a gross-up of any taxes to which Executive might become subject as a result of application of Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), to
payments or benefits received by or owed to him under such subsequent agreement. 
 (c) Voluntary Termination without Good
Reason; Termination for Cause. If Executive’s employment with the Company terminates voluntarily by Executive without Good Reason or is terminated for Cause by the Company, then (i) all further vesting of Executive’s outstanding
equity awards will terminate immediately, (ii) all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (iii) Executive will not be entitled to any severance
but Executive will be paid all accrued but unpaid vacation, expense reimbursements and other benefits due to Executive through his termination date under any Company-provided or paid plans, policies, and arrangements. 
 (d) Termination due to Death or Disability. If Executive’s employment terminates by reason of death or Disability, then (i) Executive
will be entitled to receive benefits only in accordance with the Company’s then applicable plans, policies, and arrangements; and (ii) Executive’s outstanding equity awards will terminate in accordance with the terms and conditions of
the applicable award agreement(s). 
 (e) Sole Right to Severance. This Agreement is intended to represent Executive’s sole
entitlement to severance payments and benefits in connection with the termination of his employment. To the extent Executive is entitled to receive severance or similar payments and/or benefits under any other Company plan, program, agreement,
policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced. 
 8. Conditions
to Receipt of Severance; No Duty to Mitigate. 
 (a) Separation Agreement and Release of Claims. The receipt of any severance
pursuant to Section 7 will be subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably acceptable to the Company. Such agreement will provide (among other things) that Executive will not
disparage the Company, its directors, or its executive officers during the Continuance Period. The Company will have no obligation to make any payment under Section 7 until it has received an effective separation and release of claims
agreement. 

 (b) Non-Competition. In the event of a termination of Executive’s employment that otherwise
would entitle Executive to the receipt of severance pursuant to Section 7(b), Executive agrees not to engage in Competition (as defined below) during the Continuance Period. If Executive engages in Competition within the Continuance Period, all
continuing payments and benefits to which Executive otherwise may be entitled pursuant to Section 7(b) will cease immediately. The sole remedy the Company will have against Executive in the event of a breach of this Section 8(b) shall be
that provided in the preceding sentence. 
 (c) Nonsolicitation. In the event of a termination of Executive’s employment that
otherwise would entitle Executive to the receipt of severance pursuant to Section 7, Executive agrees that, during the Continuance Period, Executive, directly or indirectly, whether as employee, owner, sole proprietor, partner, director,
member, consultant, agent, founder, co-venturer or otherwise, (i) will not solicit, induce, or influence any person to modify his or her employment or consulting relationship with the Company (the “No-Inducement”), and (ii) not
intentionally divert business away from the Company by soliciting business from any of the Company’s substantial customers and users who would otherwise have placed the solicited order with the Company (the “No Solicit”). If Executive
breaches the No-Inducement or No Solicit, all continuing payments and benefits to which Executive otherwise may be entitled pursuant to Section 7 will cease immediately. The sole remedy the Company will have against Executive in the event of a
breach of this Section 8(c) shall be that provided in the preceding sentence. 
 (d) No Duty to Mitigate. Executive will not be
required to mitigate the amount of any payment contemplated by this Agreement, nor will any earnings that Executive may receive from any other source reduce any such payment. 
 9. Definitions. The following terms referred to in this Agreement will have the following meanings: 
 (a) Benefit Plans. For purposes of this Agreement, “Benefit Plans” means plans, policies, or arrangements that the Company sponsors (or
participates in) and that immediately prior to Executive’s termination of employment provide Executive and Executive’s eligible dependents with medical, dental, or vision benefits. Benefit Plans do not include any other type of benefit
(including, but not by way of limitation, financial counseling, disability, life insurance, or retirement benefits). A requirement that the Company provide Executive and Executive’s eligible dependents with coverage under the Benefit Plans will
not be satisfied unless the coverage is no less favorable than that provided to Executive and Executive’s eligible dependents immediately prior to Executive’s termination of employment. Subject to the immediately preceding sentence, the
Company may, at its option, satisfy any requirement that the Company provide coverage under any Benefit Plan by instead providing coverage under a separate plan or plans providing coverage that is no less favorable or by paying Executive a lump-sum
payment which is, on an after-tax basis, sufficient to provide Executive and Executive’s eligible dependents with equivalent coverage under a third party plan that is reasonably available to Executive and Executive’s eligible dependents.

 (b) Cause. For purposes of this Agreement, “Cause” means (i) Executive’s act of dishonesty or fraud in
connection with the performance of his responsibilities to the Company with the intention that such act result in Executive’s substantial personal enrichment, (ii) Executive’s conviction of, or plea of nolo contendere to, a felony,
(iii) Executive’s willful failure to perform his duties or responsibilities, or (iv) Executive’s violation or breach of any fiduciary or contractual duty to the Company which results in material damage to the Company or its
business; provided that if 

 
any of the foregoing events is capable of being cured, the Company will provide notice to Executive describing the nature of such event and Executive will
thereafter have 30 days to cure such event and if such event is cured within that 30-day period, then grounds will no longer exist for terminating his employment for Cause. 
 (c) Change of Control. For purposes of this Agreement, “Change of Control” means (i) a sale of all or substantially all of the
Company’s assets, (ii) any merger, consolidation, or other business combination transaction of the Company with or into another corporation, entity, or person, other than a transaction in which the holders of at least a majority of the
shares of voting capital stock of the Company outstanding immediately prior to such transaction continue to hold (either by such shares remaining outstanding or by their being converted into shares of voting capital stock of the surviving entity) a
majority of the total voting power represented by the shares of voting capital stock of the Company (or the surviving entity) outstanding immediately after such transaction, (iii) the direct or indirect acquisition (including by way of a tender
or exchange offer) by any person, or persons acting as a group, of beneficial ownership or a right to acquire beneficial ownership of shares representing a majority of the voting power of the then outstanding shares of capital stock of the Company,
(iv) a contested election of Directors, as a result of which or in connection with which the persons who were Directors before such election or their nominees cease to constitute a majority of the Board, or (v) a dissolution or liquidation
of the Company. 
 (d) Competition. For purposes of this Agreement, Executive will be deemed to have engaged in
“Competition” if he, without the consent of the Board, following a Change of Control and following a termination of his employment described in Section 7(b), directly or indirectly provides services relating to the enterprise
application integration space (whether as an employee, consultant, agent, corporate officer, director, or otherwise) to, or participates in the financing, operation, management, or control of, Microsoft Corporation, International Business Machine
Corporation, BEA Systems, Inc., Oracle or SAP A.G. (each, together with their successors and assigns, a “Restricted Company”), or any division, unit or affiliate of a Restricted Company involved in the enterprise application integration
space (such a division, unit or affiliate, a “Restricted Division”). Notwithstanding the foregoing, nothing contained in this Section 9(d) or in Section 8(b) above shall prohibit Executive from being employed or engaged in a
corporate function or senior management position (and holding commensurate equity interests) with a Restricted Company that is engaged in multiple lines of business, one of which includes a Restricted Division, so long as Executive does not provide
to the Restricted Division services of a sort that differ significantly from the services he provides to the other divisions, units or affiliates for which he has responsibility within the overall organization. 
 (e) Continuance Period. For purposes of this Agreement, “Continuance Period” will mean the period of time beginning on the date of the
termination of Executive’s employment and ending on the date on which Executive is no longer receiving Base Salary payments under Section 7. 
 (f) Disability. For purposes of this Agreement, Disability shall have the same defined meaning as in the Company’s long-term disability plan. 

 (g) Good Reason. For purposes of this Agreement, “Good Reason” means the occurrence of
any of the following without Executive’s express written consent: (i) a material reduction in Executive’s position or duties other than removal from the position of Chairman if the Board decides to separate the roles of CEO and
Chairman, (ii) a material reduction in Executive’s Base Salary or Target Bonus other than pursuant to a reduction that also is applied to substantially all other executive officers of the Company and which reduction reduces the base salary
and/or target annual incentive by a percentage reduction that is no greater than 10%, (iii) a material and significant reduction in the aggregate compensation paid to Executive pursuant to the Company’s employee benefits package (including
Executive’s participation in health plans, retirement plans and other significant benefit programs) other than pursuant to a reduction that also is applied to substantially all other executive officers of the Company and that reduces the level
of the aggregate value of the employee benefits by a percentage reduction that is no greater than 10%, or (iv) relocation of Executive’s primary place of business for the performance of his duties to the Company to a location that is more
than 30 miles from its prior location. Executive will not resign for Good Reason without first providing the Company with written notice within ninety (90) days of the event that Executive believes constitutes “Good Reason”
specifically identifying the acts or omissions constituting the grounds for Good Reason and a cure period of thirty (30) days following the date of such notice. 
 (h) In Connection with a Change of Control. For purposes of this Agreement, a termination of Executive’s employment with the Company is “in Connection with a Change of Control” if
Executive’s employment is terminated during the period beginning three months prior to a Change of Control and ending twelve months following a Change of Control. 
 (i) Section 409A Limit. For purposes of this Agreement, “Section 409A Limit” will mean the lesser of two (2) times: (i) Executive’s annualized compensation based upon the annual
rate of pay paid to Executive during the Company’s taxable year preceding the Company’s taxable year of Executive’s termination of employment as determined under Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue
Service guidance issued with respect thereto; or (ii) the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive’s employment is terminated.

 10. Code Section 409A. Notwithstanding anything to the contrary in this Agreement, if Executive is a “specified
employee” within the meaning of Section 409A of the Code and any final regulations and guidance promulgated thereunder (collectively “Section 409A”) at the time of Executive’s “separation from service” (as defined
under Section 409A) that is not as a result of his death, and the severance payable to Executive, if any, pursuant to this Agreement, when considered together with any other severance payments or separation benefits may be considered deferred
compensation under Section 409A (together, the “Deferred Compensation Separation Benefits”), then only that portion of the Deferred Compensation Separation Benefits which does not exceed the Section 409A Limit (as defined above)
may be made within the first six (6) months following Executive’s separation of service in accordance with the payment schedule applicable to each payment or benefit. Any portion of the Deferred Compensation Separation Benefits in excess
of the Section 409A Limit otherwise due to Executive on or within the six (6) month period following Executive’s separation of service will accrue during such six (6) month period and will become payable in a lump sum payment on
the date six (6) months and one (1) day following the date of Executive’s separation of service date. All subsequent Deferred Compensation Separation Benefits, if any, will be payable in accordance with the payment schedule applicable
to each payment or benefit. Notwithstanding anything herein to the contrary, if Executive dies following his separation 

 
of service but prior to the six (6) month anniversary of the date thereof, then any payments delayed in accordance with this paragraph will be payable
in a lump sum as soon as administratively practicable after the date of Executive’s death and all other Deferred Compensation Separation Benefits will be payable in accordance with the payment schedule applicable to each payment or benefit. It
is the intent of this Agreement to comply with the requirements of Section 409A so that none of the severance payments and benefits to be provided hereunder will be subject to the additional tax imposed under Section 409A, and any
ambiguities herein will be interpreted to so comply. All payments to be made to Executive upon a termination of employment pursuant to this Agreement may only be made upon a “separation from service” as defined under Section 409A.

 11. Insurance. The Company will provide Executive with Director and Officer error and omissions insurance and ERISA fiduciary
insurance in accordance with the Company’s insurance practices for executive officers. 
 12. Confidential Information. Executive
acknowledges that the Nondisclosure/ Assignment Agreement between Executive and the Company (the “Confidential Information Agreement”) will continue in effect. During the Employment Term, Executive agrees to execute any updated versions of
the Company’s form of Nondisclosure/Assignment Agreement (any such updated version also referred to as the “Confidential Information Agreement”) as may be required of substantially all of the Company’s executive officers.

 13. Assignment. This Agreement will be binding upon and inure to the benefit of (a) the heirs, executors, and legal
representatives of Executive upon Executive’s death and (b) any successor of the Company. Any such successor of the Company will be deemed substituted for the Company under the terms of this Agreement for all purposes. For this purpose,
“successor” means any person, firm, corporation, or other business entity which at any time, whether by purchase, merger, or otherwise, directly or indirectly acquires all or substantially all of the assets or business of the Company. None
of the rights of Executive to receive any form of compensation payable pursuant to this Agreement may be assigned or transferred except by will or the laws of descent and distribution. Any other attempted assignment, transfer, conveyance, or other
disposition of Executive’s right to compensation or other benefits will be null and void. 
 14. Notices. All notices, requests,
demands, and other communications called for hereunder will be in writing and will be deemed given (a) on the date of delivery if delivered personally, (b) one day after being sent by a well established commercial overnight service, or
(c) four days after being mailed by registered or certified mail, return receipt requested, prepaid and addressed to the parties or their successors at the following addresses, or at such other addresses as the parties may later designate in
writing: 

 If to the Company: 
 Attn: Chairman of the Compensation Committee 
 TIBCO Software Inc. 
 3303 Hillview Avenue 
 Palo Alto, CA 94304

 If to Executive: 
 at the last
residential address known by the Company. 
 15. Severability. If any provision hereof becomes or is declared by a court of competent
jurisdiction to be illegal, unenforceable, or void, this Agreement will continue in full force and effect without said provision. 
 16.
Arbitration. 
 (a) General. In consideration of Executive’s service to the Company, its promise to arbitrate all
employment related disputes, and Executive’s receipt of the compensation, pay raises, and other benefits paid to Executive by the Company, at present and in the future, Executive agrees that any and all controversies, claims, or disputes with
anyone (including the Company and any employee, officer, director, shareholder, or benefit plan of the Company in their capacity as such or otherwise) arising out of, relating to, or resulting from Executive’s service to the Company under this
Agreement or otherwise or the termination of Executive’s service with the Company, including any breach of this Agreement, will be subject to binding arbitration under the Arbitration Rules set forth in California Code of Civil Procedure
Section 1280 through 1294.2, including Section 1283.05 (the “Rules”) and pursuant to California law. Disputes which Executive agrees to arbitrate, and thereby agrees to waive any right to a trial by jury, include any statutory
claims under state or federal law, including, but not limited to, claims under Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act of 1990, the Age Discrimination in Employment Act of 1967, the Older Workers Benefit
Protection Act, the California Fair Employment and Housing Act, the California Labor Code, claims of harassment, discrimination, or wrongful termination, and any statutory claims. Executive further understands that this Agreement to arbitrate also
applies to any disputes that the Company may have with Executive. 
 (b) Procedure. Executive agrees that any arbitration will be
administered by the American Arbitration Association (“AAA”) and that a neutral arbitrator will be selected in a manner consistent with its National Rules for the Resolution of Employment Disputes. The arbitration proceedings will be held
in Santa Clara County, California and will allow for discovery according to the rules set forth in the National Rules for the Resolution of Employment Disputes or California Code of Civil Procedure. Executive agrees that the arbitrator will
have the power to decide any motions brought by any party to the arbitration, including motions for summary judgment and/or adjudication and motions to dismiss and demurrers, prior to any arbitration hearing. Executive agrees that the arbitrator
will issue a written decision on the merits. Executive understands the Company will pay for any administrative or hearing fees charged by the arbitrator or AAA except that Executive will pay the first $200.00 of any filing fees associated with any
arbitration Executive initiates. Executive agrees that the arbitrator will administer and conduct any arbitration in a manner consistent with the Rules and that to the extent that the AAA’s National Rules for the Resolution of Employment
Disputes conflict with the Rules, the Rules will take precedence. 

 (c) Remedy. Except as provided by the Rules, arbitration will be the sole, exclusive, and final
remedy for any dispute between Executive and the Company. Accordingly, except as provided for by the Rules, neither Executive nor the Company will be permitted to pursue court action regarding claims that are subject to arbitration. Notwithstanding,
the arbitrator will not have the authority to disregard or refuse to enforce any lawful Company policy, and the arbitrator will not order or require the Company to adopt a policy not otherwise required by law which the Company has not adopted.

 (d) Availability of Injunctive Relief. In addition to the right under the Rules to petition the court for provisional relief,
Executive agrees that any party also may petition the court for injunctive relief where either party alleges or claims a violation of this Agreement or the Confidentiality Agreement or any other agreement regarding trade secrets, confidential
information, nonsolicitation or Labor Code §2870. 
 (e) Administrative Relief. Executive understands that this Agreement
does not prohibit Executive from pursuing an administrative claim with a local, state, or federal administrative body such as the Department of Fair Employment and Housing, the Equal Employment Opportunity Commission, or the workers’
compensation board. This Agreement does, however, preclude Executive from pursuing court action regarding any such claim. 
 (f) Voluntary
Nature of Agreement. Executive acknowledges and agrees that Executive is executing this Agreement voluntarily and without any duress or undue influence by the Company or anyone else. Executive further acknowledges and agrees that Executive has
carefully read this Agreement and that Executive has asked any questions needed for Executive to understand the terms, consequences, and binding effect of this Agreement, including that Executive is waiving Executive’s right to a jury trial.
Finally, Executive agrees that Executive has been provided an opportunity to seek the advice of an attorney of Executive’s choice before signing this Agreement. 
 17. Legal and Tax Expenses. During the term of this Agreement, the Company will reimburse Executive up to $25,000 for reasonable expenses relating to legal, accounting and tax advice incurred by him in
connection with the negotiation, execution and modification of this Agreement. 
 18. Integration. This Agreement, together with the
Confidential Information Agreement and Executive’s Company equity award agreements, represents the entire agreement and understanding between the parties as to the subject matter herein and supersedes all prior or contemporaneous agreements
whether written or oral, including the employment agreement between the Company and Executive, dated November 30, 2004. No waiver, alteration, or modification of any of the provisions of this Agreement will be binding unless in writing that
specifically references this Section and is signed by duly authorized representatives of the parties hereto. With respect to equity awards granted on or after the date hereof, the provisions of this Agreement will apply to such awards except to the
extent otherwise explicitly provided in the applicable equity award agreement. 

 19. Waiver of Breach. The waiver of a breach of any term or provision of this Agreement, which
must be in writing, will not operate as or be construed to be a waiver of any other previous or subsequent breach of this Agreement. 
 20.
Survival. The Confidential Information Agreement, the Company’s and Executive’s responsibilities under Sections 7, 8 and 16 will survive the termination of this Agreement. 
 21. Headings. All captions and section headings used in this Agreement are for convenient reference only and do not form a part of this Agreement.

 22. Tax Withholding. All payments made pursuant to this Agreement will be subject to withholding of applicable taxes. 

23. Governing Law. This Agreement will be governed by the laws of the State of California (with the exception of its conflict of laws
provisions). 
 24. Acknowledgment. Executive acknowledges that he has had the opportunity to discuss this matter with and obtain
advice from his private attorney, has had sufficient time to, and has carefully read and fully understands all the provisions of this Agreement, and is knowingly and voluntarily entering into this Agreement. 
 25. Counterparts. This Agreement may be executed in counterparts, and each counterpart will have the same force and effect as an original and will
constitute an effective, binding agreement on the part of each of the undersigned. 

 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by a duly
authorized officer, as of the day and year written below. 
 COMPANY: 
 TIBCO SOFTWARE INC. 
  

									
		 		 	
					
	By:	 	/s/ William Hughes	 		 	Date:	 	September 26, 2008
	Title:	 	Executive Vice President, General Counsel & Secretary	 		 		 	

  
 EXECUTIVE: 
  

					
		 		 	
			
	/s/ Vivek Ranadive	 		 	Date:  September 26, 2008
	Vivek Ranadive	 		 	

  
  
  
 [SIGNATURE PAGE TO VIVEK RANADIVE EMPLOYMENT AGREEMENT]

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