Document:

2006 Director Option Plan and forms of agreements thereunder

 Exhibit 10.6 
 RIVERBED TECHNOLOGY, INC. 
 2006
DIRECTOR OPTION PLAN 
 (AS ADOPTED EFFECTIVE
UPON THE IPO) 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page
	ARTICLE 1.	 	INTRODUCTION	  	1
			
	ARTICLE 2.	 	ADMINISTRATION	  	1
	            2.1	 	Committee Composition	  	1
	            2.2	 	Committee Responsibilities	  	1
			
	ARTICLE 3.	 	SHARES AVAILABLE FOR GRANTS	  	2
	            3.1	 	Basic Limitation	  	2
	            3.2	 	Annual Increase in Shares	  	2
	            3.3	 	Shares Returned to Reserve	  	2
			
	ARTICLE 4.	 	AUTOMATIC OPTION GRANTS TO NON-EMPLOYEE DIRECTORS	  	2
	            4.1	 	Eligibility	  	2
	            4.2	 	Initial Grants	  	2
	            4.3	 	Annual Grants	  	2
	            4.4	 	Accelerated Exercisability	  	3
	            4.5	 	Exercise Price	  	3
	            4.6	 	Term	  	3
	            4.7	 	Affiliates of Non-Employee Directors	  	3
	            4.8	 	Stock Option Agreement	  	3
			
	ARTICLE 5.	 	PAYMENT FOR OPTION SHARES	  	3
	            5.1	 	General Rule	  	3
	            5.2	 	Surrender of Stock	  	3
	            5.3	 	Exercise/Sale	  	3
	            5.4	 	Other Forms of Payment	  	4
			
	ARTICLE 6.	 	PROTECTION AGAINST DILUTION	  	4
	            6.1	 	Adjustments	  	4
	            6.2	 	Dissolution or Liquidation	  	4
	            6.3	 	Reorganizations	  	4
			
	ARTICLE 7.	 	LIMITATION ON RIGHTS	  	5
	            7.1	 	Stockholders’ Rights	  	5
	            7.2	 	Regulatory Requirements	  	5
	            7.3	 	Withholding Taxes	  	5
			
	ARTICLE 8.	 	FUTURE OF THE PLAN	  	6
	            8.1	 	Term of the Plan	  	6
	            8.2	 	Amendment or Termination	  	6
			
	ARTICLE 9.	 	DEFINITIONS	  	6

  

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 RIVERBED TECHNOLOGY, INC. 
 2006 DIRECTOR OPTION PLAN 
 ARTICLE 1. INTRODUCTION 
 The Board
adopted the Plan to be effective at the IPO. The purpose of the Plan is to promote the long-term success of the Company and the creation of stockholder value by (a) encouraging Non-Employee Directors to focus on critical long-range objectives,
(b) encouraging the attraction and retention of Non-Employee Directors with exceptional qualifications and (c) linking Non-Employee Directors directly to stockholder interests through increased stock ownership. The Plan seeks to achieve
this purpose by providing for automatic and non-discretionary grants of Options to Non-Employee Directors. 
 The Plan shall be governed by,
and construed in accordance with, the laws of the State of Delaware (except their choice-of-law provisions). 
 ARTICLE 2. ADMINISTRATION

 2.1 Committee Composition. The Committee shall administer the Plan. The Committee shall consist exclusively of two or
more directors of the Company, who shall be appointed by the Board. In addition, each member of the Committee shall meet the following requirements: 
 (a) Any listing standards prescribed by the principal securities market on which the Company’s equity securities are traded; 
 (b) Such requirements as the Internal Revenue Service may establish for outside directors acting under plans intended to qualify for exemption under section 162(m)(4)(C) of the Code; 
 (c) Such requirements as the Securities and Exchange Commission may establish for administrators acting under plans intended to qualify for exemption
under Rule 16b-3 (or its successor) under the Exchange Act; and 
 (d) Any other requirements imposed by applicable law, regulations or
rules. 
 2.2 Committee Responsibilities. The Committee shall interpret the Plan and make all decisions relating to the operation of
the Plan. The Committee may adopt such rules or guidelines as it deems appropriate to implement the Plan. The Committee’s determinations under the Plan shall be final and binding on all persons. 

 ARTICLE 3. SHARES AVAILABLE FOR GRANTS 
 3.2 Basic Limitation. Common Shares issued pursuant to the Plan may be authorized but unissued shares or treasury shares. The aggregate number of
Common Shares issued under the Plan shall not exceed (a) 500,000 plus (b) the additional Common Shares described in Sections 3.2 and 3.3. The number of Common Shares that are subject to Options outstanding at any time under the Plan shall
not exceed the number of Common Shares that then remain available for issuance under the Plan. The limitations of this Section 3.1 and Section 3.2 shall be subject to adjustment pursuant to Article 6. 
  3.2 Annual Increase in Shares. As of the first day of each fiscal year of the Company, commencing on January 1, 2007, the aggregate number of
Common Shares that may be issued under the Plan shall automatically increase by 250,000 Common Shares. 
  3.3 Shares Returned to
Reserve. If Options are forfeited or terminate for any other reason before being exercised, then the Common Shares subject to such Options shall again become available for issuance under the Plan. 
 ARTICLE 4. AUTOMATIC OPTION GRANTS TO NON-EMPLOYEE DIRECTORS 
 4.1 Eligibility. Only Non-Employee Directors shall be eligible for the grant of Options under the Plan. 
 4.2 Initial Grants. Each Non-Employee Director who first becomes a member of the Board after the date of the IPO shall receive a one-time grant of an Option covering 60,000 Common Shares. In addition, each
Non-Employee Director who first becomes a member of the Board after the date of the IPO and who will serve on the Audit Committee shall receive a one-time grant of an Option covering 10,000 Common Shares and each such Non-Employee Director who will
also serve as the chairman of the Audit Committee shall receive another one-time grant of an Option covering an additional 10,000 Common Shares (for a total of 20,000 Common Shares). Such Option(s) shall be granted on the date such Non-Employee
Director first joins the Board. Subject to the Non-Employee Director’s continuing Service, Options granted under this Section 4.2 shall become exercisable in equal monthly installments over the 48-month period commencing on the date of
grant. A Non-Employee Director who previously was an Employee shall not receive a grant under this Section 4.2. 
 4.3 Annual
Grants. Upon the conclusion of each regular annual meeting of the Company’s stockholders held in the year 2007 or thereafter, each Non-Employee Director who will continue serving as a member of the Board thereafter shall receive an Option
covering 20,000 Common Shares. In addition, each Non-Employee Director who shall continue to be a member of the Audit Committee shall receive an Option covering 8,000 Common Shares and each such Non-Employee Director who will continue to serve as
chairman of the Audit Committee shall receive another Option covering an additional 4,000 Common Shares (for a total of 12,000 Common Shares). Notwithstanding the foregoing, no Options shall be granted pursuant to this Section 4.3 in the
calendar year in which the same Non-Employee Director received the Option(s) described in Section 4.2. Subject to the Non-Employee Director’s 
  

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continuing Service, Options granted under this Section 4.3 shall become exercisable in equal monthly installments over the 48-month period commencing on
the date of grant. A Non-Employee Director who previously was an Employee shall be eligible to receive grants under this Section 4.3. 
 4.4 Accelerated Exercisability. All Options granted to a Non-Employee Director under this Article 4 shall also become exercisable in full in the event that the Company is subject to a Change in Control before such Non-Employee
Director’s Service terminates. Acceleration of exercisability may also be required by Section 6.3. 
 4.5 Exercise Price.
The Exercise Price under all Options granted to a Non-Employee Director under this Article 4 shall be equal to 100% of the Fair Market Value of a Common Share on the date of grant, payable in one of the forms described in Article 5. 

4.6 Term. All Options granted to a Non-Employee Director under this Article 4 shall terminate on the earliest of (a) the 10th anniversary
of the date of grant or (b) the date 12 months after the termination of such Non-Employee Director’s Service for any reason. 
 4.7 Affiliates of Non-Employee Directors. The Committee may provide that the Options that otherwise would be granted to a Non-Employee Director under this Article 4 shall instead be granted to an affiliate of such Non-Employee
Director. Such affiliate shall then be deemed to be a Non-Employee Director for purposes of the Plan, provided that the Service-related vesting and termination provisions pertaining to the Options shall be applied with regard to the Service of the
Non-Employee Director. 
 4.8 Stock Option Agreement. Each grant of an Option under the Plan shall be evidenced by a Stock Option
Agreement between the Optionee and the Company. Such Option shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. 
 ARTICLE 5. PAYMENT FOR OPTION SHARES 
 5.1 General Rule. The entire Exercise Price of Common Shares issued upon exercise of Options shall be payable in cash or cash equivalents at the time when such Common Shares are purchased, except that the Committee at its sole
discretion may accept payment of the Exercise Price in any other form(s) described in this Article 5. However, the Optionee may pay the Exercise Price in a form other than cash or cash equivalents only to the extent permitted by section 13(k) of the
Exchange Act. 
 5.2 Surrender of Stock. With the Committee’s consent, all or any part of the Exercise Price may be paid by
surrendering, or attesting to the ownership of, Common Shares that are already owned by the Optionee. Such Common Shares shall be valued at their Fair Market Value on the date the new Common Shares are purchased under the Plan. 
 5.3 Exercise/Sale. With the Committee’s consent, all or any part of the Exercise Price and any withholding taxes may be paid by delivering
(on a form prescribed by the Company) an irrevocable direction to a securities broker approved by the Company to sell all or part of the Common Shares being purchased under the Plan and to deliver all or part of the sales proceeds to the Company.

  

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 5.4 Other Forms of Payment. With the Committee’s consent, all or any part of the Exercise
Price and any withholding taxes may be paid in any other form that is consistent with applicable laws, regulations and rules. 
 ARTICLE
6. PROTECTION AGAINST DILUTION 
 6.1 Adjustments. In the event of a subdivision of the outstanding Common Shares, a
declaration of a dividend payable in Common Shares or a combination or consolidation of the outstanding Common Shares (by reclassification or otherwise) into a lesser number of Common Shares, corresponding adjustments shall automatically be made in
each of the following: 
 (a) The number of Options available for future grants under Article 3; 
 (b) The number of Common Shares covered by each outstanding Option; or 
 (c) The Exercise Price under each outstanding Option. 
 In the event of a declaration of an extraordinary dividend payable
in a form other than Common Shares in an amount that has a material effect on the price of Common Shares, a recapitalization, a spin-off or a similar occurrence, the Committee shall make such adjustments as it, in its sole discretion, deems
appropriate in one or more of the foregoing. Except as provided in this Article 6, an Optionee shall have no rights by reason of any issuance by the Company of stock of any class or securities convertible into stock of any class, any subdivision or
consolidation of shares of stock of any class, the payment of any stock dividend or any other increase or decrease in the number of shares of stock of any class. 
 6.2 Dissolution or Liquidation. To the extent not previously exercised, Options shall terminate immediately prior to the dissolution or liquidation of the Company. 
 6.3 Reorganizations. In the event that the Company is a party to a merger or consolidation, all outstanding Options shall be subject to the
agreement of merger or consolidation. Such agreement shall provide for one or more of the following: 
 (a) The continuation of such
outstanding Options by the Company (if the Company is the surviving corporation). 
 (b) The assumption of such outstanding Options by the
surviving corporation or its parent in a manner that complies with section 424(a) of the Code (even though such Options are not ISOs). 
 (c) The substitution by the surviving corporation or its parent of new options for such outstanding Options in a manner that complies with section 424(a) of the Code (even though such Options are not ISOs). 
  

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 (d) Full exercisability of such outstanding Options and full vesting of the Common Shares subject to
such Options, followed by the cancellation of such Options. The full exercisability of such Options and full vesting of the Common Shares subject to such Options may be contingent on the closing of such merger or consolidation. The Optionees shall
be able to exercise such Options during a period of not less than five full business days preceding the closing date of such merger or consolidation, unless (i) a shorter period is required to permit a timely closing of such merger or
consolidation and (ii) such shorter period still offers the Optionees a reasonable opportunity to exercise such Options. Any exercise of such Options during such period may be contingent on the closing of such merger or consolidation.

 (e) The cancellation of such outstanding Options and a payment to the Optionees equal to the excess of (i) the Fair Market Value of
the Common Shares subject to such Options (whether or not such Options are then exercisable or such Common Shares are then vested) as of the closing date of such merger or consolidation over (ii) their Exercise Price. Such payment shall be made
in the form of cash, cash equivalents, or securities of the surviving corporation or its parent with a Fair Market Value equal to the required amount. Such payment may be made in installments and may be deferred until the date or dates when such
Options would have become exercisable or such Common Shares would have vested. Such payment may be subject to vesting based on the Optionee’s continuing Service, provided that the vesting schedule shall not be less favorable to the Optionees
than the schedule under which such Options would have become exercisable or such Common Shares would have vested. If the Exercise Price of the Common Shares subject to such Options exceeds the Fair Market Value of such Common Shares, then such
Options may be cancelled without making a payment to the Optionees. For purposes of this Subsection (e), the Fair Market Value of any security shall be determined without regard to any vesting conditions that may apply to such security. 

ARTICLE 7. LIMITATION ON RIGHTS 
 7.1 Stockholders’ Rights. A Optionee shall have no dividend rights, voting rights or other rights as a stockholder with respect to any Common Shares covered by his or her Option prior to the time when he or she becomes entitled
to receive such Common Shares by filing a notice of exercise and paying the Exercise Price. No adjustment shall be made for cash dividends or other rights for which the record date is prior to such time, except as expressly provided in the Plan.

 7.2 Regulatory Requirements. Any other provision of the Plan notwithstanding, the obligation of the Company to issue Common Shares
under the Plan shall be subject to all applicable laws, rules and regulations and such approval by any regulatory body as may be required. The Company reserves the right to restrict, in whole or in part, the delivery of Common Shares pursuant to any
Option prior to the satisfaction of all legal requirements relating to the issuance of such Common Shares, to their registration, qualification or listing or to an exemption from registration, qualification or listing. 
 7.3 Withholding Taxes. To the extent required by applicable federal, state, local or foreign law, an Optionee or his or her
successor shall make arrangements satisfactory to the Company for the satisfaction of any withholding tax obligations that arise in connection with the Plan. The Company shall not be required to issue any Common Shares or make any cash payment under
the Plan until such obligations are satisfied. 
  

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 ARTICLE 8. FUTURE OF THE PLAN 
 8.1 Term of the Plan. The Plan, as set forth herein, shall become effective on the date of the IPO. The Plan shall remain in effect
until the earlier of (a) the date the Plan is terminated under Section 8.2 or (b) the 10th
anniversary of the date the Board adopted the Plan. 
 8.2 Amendment or Termination. The Board may, at any time and for
any reason, amend or terminate the Plan. An amendment of the Plan shall be subject to the approval of the Company’s stockholders only to the extent required by applicable laws, regulations or rules. No Awards shall be granted under the Plan
after the termination thereof. The termination of the Plan, or any amendment thereof, shall not affect any Award previously granted under the Plan. 
 ARTICLE 9. DEFINITIONS 
 9.1 “Board” means the Company’s Board of Directors, as constituted from
time to time. 
 9.2 “Audit Committee” means the Audit Committee of the Board. 
 9.3 “Change in Control” means: 
 (a) The consummation of a merger or consolidation of the Company with or into another entity or any other corporate reorganization, if persons who were not stockholders of the Company immediately prior to such merger, consolidation or other
reorganization own immediately after such merger, consolidation or other reorganization 50% or more of the voting power of the outstanding securities of each of (i) the continuing or surviving entity and (ii) any direct or indirect parent
corporation of such continuing or surviving entity; 
 (b) The sale, transfer or other disposition of all or substantially all of the
Company’s assets; 
 (c) A change in the composition of the Board, as a result of which fewer than 50% of the incumbent directors are
directors who either: 
 (i) Had been directors of the Company on the date 24 months prior to the date of such change in the composition of
the Board (the “Original Directors”); or 
 (ii) Were appointed to the Board, or nominated for election to the Board, with the
affirmative votes of at least a majority of the aggregate of (A) the Original Directors who were in office at the time of their appointment or nomination and (B) the directors whose appointment or nomination was previously approved in a
manner consistent with this Paragraph (ii); or 
  

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 (d) Any transaction as a result of which any person is the “beneficial owner” (as defined in
Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing at least 50% of the total voting power represented by the Company’s then outstanding voting securities. For purposes of this Subsection (d),
the term “person” shall have the same meaning as when used in sections 13(d) and 14(d) of the Exchange Act but shall exclude (i) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or of a
Parent or Subsidiary and (ii) a corporation owned directly or indirectly by the stockholders of the Company in substantially the same proportions as their ownership of the common stock of the Company. 
 A transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Company’s incorporation or to create a holding company that
will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transaction. 
 9.4 “Code” means the Internal Revenue Code of 1986, as amended. 
 9.5 “Committee” means a
committee of the Board, as described in Article 2. 
 9.6 “Common Share” means one share of the common stock of the
Company. 
 9.7 “Company” means Riverbed Technology, Inc., a Delaware corporation. 
 9.8 “Consultant” means a consultant or adviser who provides bona fide services to the Company, a Parent or a Subsidiary as an
independent contractor. 
 9.9 “Employee” means a common-law employee of the Company, a Parent or a Subsidiary. 

9.10 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 9.11 “Exercise Price” means the amount for which one Common Share may be purchased upon exercise of such Option, as specified in the
applicable Stock Option Agreement. 
 9.12 “Fair Market Value” means the market price of Common Shares, determined by
the Committee in good faith on such basis as it deems appropriate. Whenever possible, the determination of Fair Market Value by the Committee shall be based on the prices reported in The Wall Street Journal. Such determination shall be
conclusive and binding on all persons. 
 9.13 “IPO” means the initial public offering of the Company’s Common Shares.

 9.14 “Non-Employee Director” means a member of the Board who is not an Employee. 
  

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 9.15 “Option” means an option granted under the Plan and entitling the holder to
purchase Common Shares. Options do not qualify as incentive stock options described in section 422(b) of the Code. 
 9.16
“Optionee” means an individual or estate that holds an Option. 
 9.17 “Parent” means any corporation
(other than the Company) in an unbroken chain of corporations ending with the Company, if each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the
other corporations in such chain. A corporation that attains the status of a Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such date. 
 9.18 “Plan” means this Riverbed Technology, Inc. 2006 Director Option Plan, as amended from time to time. 
 9.19 “Service” means service as a Non-Employee Director. 
 9.20 “Stock Option Agreement” means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to his or her Option. 
 9.21 “Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations beginning with the Company, if
each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains
the status of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date. 
  

 8General Release Agreement, dated January 12, 2006

 Exhibit 10.30 
 GENERAL RELEASE AGREEMENT 
 This General Release Agreement (“Agreement”) is between
William Messer (“Employee”) and Riverbed Technology, Inc. (“Riverbed” or the “Company”), hereinafter known as “parties”. 
 WHEREAS, Employee was employed by Riverbed as the Senior Vice President of World Wide Sales; 
 WHEREAS, Employee’s employment with Riverbed was terminated effective January 5, 2006 (“Termination Date”): 
 WHEREAS, the parties desire to settle fully and finally, in the manner set forth herein, all differences between them which have arisen, or which may
arise, prior to, or at the time of, the execution of this Agreement, including, but in no way limited to, any and all claims and controversies arising out of the employment relationship between Employee and Riverbed and the termination thereof:

 In consideration of these recitals and the promises and agreements set forth in this Agreement, Employee’s employment with Riverbed
will terminate upon the following terms: 
 1. General Release: Employee for himself and on behalf of his attorneys, heirs, assigns,
successors, executors, and administrators IRREVOCABLY AND UNCONDITIONALLY RELEASES, ACQUITS AND FOREVER DISCHARGES Riverbed and its current and former parent, subsidiary, affiliated, and related corporations, firms, associations, partnerships, and
entities, their successors and assigns, and the current and former owners, shareholders, directors, officers, employees, agents, attorneys, representatives, and insurers of said corporations, firms, associations, partnerships, and entitles, and
their guardians, successors, assigns, heirs, executors, and administrators (hereinafter “Releasees”) from any and all claims, liabilities, obligations, agreements, damages, causes of action, costs, losses, damages, and attorneys’ fees
and expenses whatsoever, whether known or unknown or whether connected with Employee’s employment by Riverbed or not, including, but not limited to, any dispute, claim, charge, or cause of action arising under the Age Discrimination in
Employment Act, 29 U.S.C. § 621, Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. § 2000e, et seq., the Americans with Disabilities Act of 1990, 42 U.S.C. § 12101, et seq., the
California Fair Employment and Housing Act, Cal. Gov’t. Code § 12940 et. seq., the Employee Retirement Income Security Act of 1974, as amended 29 U.S.C. § 1001, et seq., and any other municipal, local,
state, or federal law, common or statutory, which may have arisen, or which may arise, prior to, or at the time of, the execution of this Agreement. 
 Employee understands and agrees that this is a full and final settlement applying not only to all claims that are presently known, anticipated or disclosed to Employee, but also to all claims presently unknown,
unanticipated, and undisclosed to Employee. Employee hereby waives any and all rights or benefits which he may now have, or may in the future have, against Releasees under the terms of Section 1542 of the California Civil Code or under any
other state 

  

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or federal statute or common law principle of similar effect. California Civil Code Section 1542 provides as follows: 
 A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release,
which if known by him must have materially affected his settlement with the debtor. 
 2. Confidentiality: Employee agrees that he
will keep the terms, amounts set forth in, and existence of this Agreement STRICTLY AND COMPLETELY CONFIDENTIAL, and that he will not communicate or otherwise disclose to any employee of the Company (past, present, or future), any third party
or to a member of the general public, the terms, amounts set forth in, or existence of this Agreement, except as may be required by law or compulsory process. 
 3. Equity: On July 14, 2004, the Board of Directors of the Company granted Employee an option (the “Option”) to purchase 550,000 unvested shares of the Company’s Common Stock (the
“Shares”). On September 13, 2004, Employee exercised the Option and purchased the Shares at a purchase price of $0.10 per share, for a total purchase price of $55,000. 
 The Company confirms that as of the Termination Date, Employee will be vested in 206,250 of the Shares, and, as of March 14, 2006, Employee will be vested in
240,625 of the Shares. The Company hereby notifies Employee that it is exercising its right to repurchase 309,375 unvested Shares from Employee. If Employee revokes this Agreement, then the Company hereby notifies Employee that it is exercising its
right to repurchase 343,750 unvested Shares from Employee. Employee agrees that he will not receive the additional 34,375 shares provided above if he revokes this Agreement. The Company’s right to repurchase these unvested shares is
described in Section 7 of the Stock Option Agreement between the Company and Employee. Payment in the amount of $30,937.50 (or, if applicable as above, $34,375) will be made at the conclusion of the Revocation Period. The Company will
immediately cancel the stock certificate that was issued to Employee with respect to the Shares and will issue to Employee a new certificate for the 240,625 (or, if applicable as above, 206,250) vested Shares that are not being repurchased by the
Company. As of the Termination Date, Employee will have no further interest in the 309,375 (or, if applicable as above, 343,750) repurchased shares and will have no stockholder rights with respect to those shares. The Stock Option
Agreement evidencing the Option between Employee and the Company will remain in full force and effect, and Employee agrees to remain bound by that Agreement. Any other stock option agreements or stock purchase agreements between Employee and
the Company will also remain in full force and effect. Employee confirms by his signature on this Agreement that he has no further interest in the Shares that are being repurchased and will have no stockholder rights with respect thereto.

 4. Settlement Terms: Upon the eighth (8th) day after Employee’s execution of this Agreement (unless Employee has revoked
this Agreement), Riverbed agrees to do the following: 
  

	 	a.	Pay Employee $100,000 of severance pay, less all applicable and required withholdings, on the Company’s first payroll date following the expiration of the “Revocation
Period.” 

  

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	 	b.	Allow Employee to become vested in an additional 34,375 shares subject to the Option, pursuant to the terms set forth in Section 3 herein. 

  

	 	c.	Reimburse Employee for the COBRA premiums he pays to continue his health care coverage through and until the earlier of: (a) July 31, 2006 or (b) the date Employee
becomes eligible to participate in the health benefits plan of another employer. Such reimbursements will be paid on the final payroll date in the month after Employee submits documentation evidencing payment of such COBRA premiums.

 5. Return of Company Property: Employee agrees that he shall immediately return all company documents (and all
copies thereof) and any other company property in his possession, custody or control, including, but not limited to, all software and technical documents, laptop computers and accessories, company files, notes, drawings, records, plans and
forecasts, financial information, specifications, computer-recorded information, tangible property, and keys; and any material of any kind which contain or embody any proprietary or confidential information of the Company (and all reproductions
thereof). 
 6. Trade Secrets: Employee acknowledges that he has had access to and become familiar with various trade secrets and
proprietary and confidential information of Riverbed, its subsidiaries and affiliates, including, but not limited to, processes, computer programs, compilations of information, records, sales procedures, customer decision makers, customer
requirements, pricing techniques, customer lists, methods of doing business and other confidential information (collectively, referred to as “Trade Secrets”), which are owned by Riverbed, its subsidiaries and/or affiliates and regularly
used in the operation of its business, and as to which Riverbed, its subsidiaries and/or affiliates take precautions to prevent dissemination to persons other than certain directors, officers and employees. Employee acknowledges and agrees that the
Trade Secrets (1) are secret and not known in the industry; (2) give Riverbed or its subsidiaries and/or affiliates an advantage over competitors who do not know or use the Trade Secrets; (3) are of such value and nature as to make it
reasonable and necessary to protect and preserve the confidentiality and secrecy of the Trade Secrets; and (4) are valuable and special and unique assets of Riverbed or its subsidiaries and/or affiliates, the disclosure of which could cause
substantial injury and loss of profits and goodwill to Riverbed or its subsidiaries and/or affiliates. Employee may not use in any way or disclose any of the Trade Secrets, directly or indirectly, at any time in the future, except as required in
connection with a judicial or administrative proceeding, or if the information becomes public knowledge other than as a result of an unauthorized disclosure by the Employee. All files, records, documents, information, data, and similar items
relating to the business of Riverbed, whether prepared by Employee or otherwise coming into his possession, will remain the exclusive property of Riverbed, and in any event must be promptly delivered to Riverbed upon execution of this Agreement.
Employee agrees that upon his receipt of any subpoena, process, or other request to produce or divulge, directly or indirectly, any Trade Secrets to any entity, agency, tribunal, or person, Employee shall timely notify and promptly hand deliver a
copy of the subpoena, process or other request to Riverbed. For this purpose, Employee irrevocably nominates and appoints Riverbed (including any attorney retained by Riverbed) as his true and lawful attorney-in-fact, to act in Employee’s

  

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name, place and stead to perform any act that Employee might perform to defend and protect against any disclosure of any Trade Secret. 
 7. Proprietary Information and Inventions Agreement: At all times in the future, Employee will remain bound by the Company’s Proprietary
Information and Inventions Agreement signed by Employee on June 4th, 2004 (the “Proprietary Information
and Inventions Agreement”), a copy of which is attached at Exhibit A, including, without limitation, the provisions prohibiting solicitation of the Company’s employees and the prohibitions on disclosure or use of the Company’s
confidential, proprietary or trade secret information. 
 8. Non-Disparagement: Both Employee and Riverbed agree not to
disparage the other or otherwise refer to the other in any manner likely to be harmful to the business or personal reputation of the other party or its officers, directors, employees, agents, and affiliates, provided that both Employee and Riverbed
will respond accurately and fully to any question, inquiry, or request for information when required by legal process. 
 9.
Non-Interference: Employee agrees not to engage in any activity that interferes with the business of the Company or its customers. Employee further agrees that during his employment the Company disclosed to him certain confidential,
proprietary and trade secret information and that to safeguard such information he agrees that for two (2) years after the Termination Date he will not directly or indirectly solicit or encourage any customer of the Company to cease doing
business with the Company or reduce the amount of business such customer does with the Company. 
 10. Non-Admissions: Employee
acknowledges that by entering into this Agreement, Riverbed does not admit, and does specifically deny, any violation of any local, state, or federal law. 
 11. Severability: If any provision of this Agreement is held to be illegal, invalid or unenforceable, such provision shall be fully severable and/or construed in remaining part to the full extent allowed by
law, with the remaining provisions of this Agreement continuing in full force and effect. 
 12. Revocation: Either party may revoke
this Agreement by notice to the other party, in writing, within seven (7) days of the date Employee executes it (the “Revocation Period”). Employee agrees that he will not receive the benefits provided by this Agreement if he revokes
this Agreement. Employee also acknowledges and agrees that if Riverbed has not received from him notice of his revocation of this Agreement prior to the expiration of the Revocation Period, Employee will have forever waived his right to revoke this
Agreement and this Agreement shall thereafter be enforceable and have full force and effect. 
 13. Entire Agreement: This Agreement
constitutes the entire agreement between the parties regarding the subject matter set forth herein, and supersedes all prior and contemporaneous negotiations and agreements, oral or written, regarding the subject matter set forth herein; provided
that the Proprietary Information and Inventions Agreement, the stock option agreements, and any other agreements specifically referred to herein shall continue in full 

  

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force and effect. This Agreement cannot be changed or terminated except pursuant to a written agreement executed by the parties (except that either party may
revoke this Agreement pursuant to Section 12). 
 14. Governing Law: This Agreement shall be governed by and construed in
accordance with the laws of the State of California, except where preempted by federal law. 
 15. Statement of Understanding:
By executing this Agreement, Employee acknowledges that (a) he has had at least twenty-one (21) days to consider the terms of this Agreement and has considered its terms for that period of time or has knowingly and voluntarily waived his
right to do so; (b) he has been advised by the Company to consult with an attorney regarding the terms of this Agreement; (c) he has consulted with, or has had sufficient opportunity to consult with, an attorney of his own choosing
regarding the terms of this Agreement; (d) he has read this Agreement and fully understands its terms and their import; (e) except as provided by this Agreement, he has no contractual right or claim to the benefits described herein;
(f) the consideration provided for herein is good and valuable; and (f) he is entering into this Agreement voluntarily, of his own free will, and without any coercion, undue influence, threat, or intimidation of any kind or type
whatsoever. 
 16. Execution: Employee agrees that this Agreement may be executed in counterparts, each of which shall be an
original, but all of which together shall constitute one agreement. Execution of a facsimile copy shall have the same force and effect as execution of an original, and a facsimile signature shall be deemed an original and valid signature.

 17. Payments on Termination Date: You acknowledge and agree that on the Termination Date you were paid $58,054.61, minus
applicable taxes and deductions, which represents (i) all of your accrued but unused vacation pay through the Termination Date; (ii) all of your base salary wages through the Termination Date; and (iii) your 4th Quarter 2005 bonus payment paid out at 100% of “target”. The final 4th Quarter 2005 bonus calculations have not been made as of the Termination Date. Any additional bonus earned, above 100% of “target”, shall be paid to
you no later than January 31st, 2006. You agree that prior to the execution of this Agreement you were not
entitled to receive any further money from the Company, and that the only payments and benefits that you are entitled to receive from the Company in the future are those specified in this Agreement. 
  

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 EXECUTED in San Francisco, California, this day of Jan. 12, 2006. 
  

	
	Employee
	
	 /s/ William Messer

 EXECUTED in San Francisco, California, this day of Jan. 12, 2006. 
  

			
	Riverbed Technology, Inc.
		
	 By:
	 	 /s/ Mike Guerchon

	 Its:
	 	 Vice President, Human Resources

  

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 Exhibit A 
 Proprietary Information and Inventions Agreement 
  

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