Document:

Employment Agreement, Gene F. Schockemoehl

 Exhibit 10.21 

EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (this “Agreement”) is dated as of November 21, 2006 (the “Effective Date”), by and
among Global Power Equipment Group Inc., a Delaware corporation (“Holdings”), Braden Manufacturing, L.L.C., a Delaware limited liability company (the “Company”) and Gene F. Schockemoehl (the “Executive”). Capitalized
terms used but not otherwise defined herein shall have the respective meanings assigned to such terms in Section 1 of this Agreement. 

WHEREAS, Holdings, the Company and the Executive desire to enter into an agreement regarding the employment by the Company of the
Executive effective as of the Effective Date, which agreement shall supersede the Executive’s current Employment Agreement, dated as of May 25, 2006, among Holdings, the Company and the Executive (the “Old Employment Agreement”);
and 
 WHEREAS, the Company is a direct wholly owned subsidiary of Holdings; and 

WHEREAS, the Executive is entrusted with knowledge of the particular business methods of Holdings and the Company and is trained and
instructed in the particular operation methods of Holdings and the Company, and the relationship among Holdings, the Company and the Executive is one in which Holdings and the Company places special trust and confidence in the Executive. 

NOW, THEREFORE, in consideration of employment and in further consideration of these mutual covenants and agreements, the parties hereto,
each intending to be bound, covenant and agree as follows: 
 1. Definitions. As used herein, the following terms shall
have the following meanings: 
 “Additional Employment Term” has the meaning set forth in
Section 2(d)(i) of this Agreement. 
 “Affiliate” means, when used with reference to a specified
Person, any Person that directly or indirectly controls or is controlled by or is under common control with the specified Person. As used in this definition, “control” (including, with its correlative meanings, “controlled by”
and “under common control with”) shall mean possession, directly or indirectly, of power to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership interests, by
contract or otherwise). With respect to any Person who is an individual, “Affiliates” shall also include, without limitation, any member of such individual’s Family Group. 

“Base Salary” has the meaning set forth in Section 2(c)(i) of this Agreement. 

“Benefits” has the meaning set forth in Section 2(c)(ii) of this Agreement. 

 “Board” means Holdings’ Board of Directors. 

“Bonus” means awards under the MIC Plan or a New MIC Plan. 

“Bonus Year” means an annual bonus period under the MIC Plan or a New MIC Plan. 

“Businesses” has the meaning set forth in Section 5(a) of this Agreement. 

“Cause” means the occurrence of any one of the following as determined by the Board: (i) a material breach
of the Executive’s covenants under Section 4 or Section 5 of this Agreement; (ii) the commission by the Executive of a felony, or any crime involving theft, dishonesty or moral turpitude; (iii) the commission by the
Executive of act(s) or omission(s) which are willful and deliberate acts intended to harm or injure the business, operations, financial condition or reputation of Holdings or the Company or any Affiliate of Holdings or the Company; (iv) the
Executive’s disregard of the directives of the Board; (v) the Executive’s drunkenness or use of drugs which interferes with the performance of the Executive’s duties under this Agreement, which drunkenness or use of drugs
continues after receipt of notice to the Executive from the Company of his violation of this provision; or (vi) any attempt by the Executive to secure any personal profit in connection with the business of the Company unless given prior written
approval by unanimous consent of the Board. 
 “Confidential Information” has the meaning set forth in
Section 4(a)(i) of this Agreement. 
 “Disability” means that the Executive is unable to engage in
any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, or is, by
reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a
period of not less than three (3) months under an accident and health plan covering employees of the Company. 

“Effective Date” has the meaning set forth in the opening paragraph of this Agreement. 

“Employment Period” has the meaning set forth in Section 2(d)(ii) of this Agreement. 

“Employment Term” has the meaning set forth in Section 2(d)(i) of this Agreement. 

 

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 “Family Group” means, with respect to any Person who is an
individual: (i) such Person’s spouse, former spouse and descendants (whether natural or adopted), parents and their descendants and any spouse of the foregoing persons (collectively, “relatives”) or (ii) the trustee,
fiduciary or personal representative of such Person and any trust solely for the benefit of such Person and/or such Person’s relatives. 

“Geographical Area” has the meaning set forth in Section 5(a) of this Agreement. 

“Good Reason” for resignation by the Executive means his resignation because of: (i) a material reduction
in the annual base salary of the Executive, a material reduction in the employee benefits granted to the Executive, or a material reduction in the Executive’s percentage participation in the MIC Plan prior to the approval and adoption of a New
MIC Plan or a material reduction in the Executive’s percentage participation in any New MIC Plan from the percentage previously awarded to the Executive if and when a New MIC Plan is approved and adopted, (ii) a modification to the MIC
Plan as in effect on the date hereof which materially and adversely affects the determination of the Executive’s bonus with respect to the 2006 calendar year or thereafter if the MIC Plan continues to be in effect for any calendar year after
the 2006 calendar year unless such modification is generally applicable to all participants in the MIC Plan and such modification has been approved by (x) if the Board has less than three Management Board Members, then all such Management Board
Members or (y) if the Board has three or more Management Board Members, then any two of such Management Board Members, (iii) a modification to a New MIC Plan, which modification materially and adversely affects the determination of the
Executive’s bonus for any calendar year for which such New MIC Plan is applicable, unless such modification is generally applicable to all participants in the New MIC Plan and such modification has been approved by (x) if the Board has
less than three Management Board Members, then all such Management Board Members or (y) if the Board has three or more Management Board Members, then any two of such Management Board Members, (iv) a requirement that the Executive be based
at any office or location more than 50 miles from Tulsa, Oklahoma, or (v) a removal of the Executive as President of the Company or as a Senior Vice President of Holdings by action of the Board, in each case, other than with the consent of the
Executive. 
 “Initial Employment Period” has the meaning set forth in Section 2(d)(i) of this
Agreement. 
 “Management Board Member” means any member of the Board who is also a full-time employee
of Holdings or any of its Subsidiaries. 
 “MIC Plan” means Holdings’ and its Subsidiaries’
Management Incentive Compensation Program for the 2006 calendar year and thereafter until a New MIC Plan is approved and adopted. 
  

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 “New MIC Plan” means Holdings’ and its Subsidiaries’
Management Incentive Compensation Program or Plan approved and adopted by the Board to be effective for any calendar year after 2006. 

“Noncompete Period” has the meaning set forth in Section 5(a) of this Agreement. 

“Old Employment Agreement” has the meaning set forth in the first WHEREAS clause of this Agreement. 

“Person” means an individual, a partnership, a corporation, an association, a limited liability company, a joint
stock company, a trust, a joint venture, an unincorporated organization or a governmental entity or any department, agency or political subdivision thereof. 

“Post-Termination Period” has the meaning set forth in Section 5(a) of this Agreement. 

“Subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company,
association or other business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors thereof is at the
time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a partnership, limited liability company, association or other business entity, a
majority of the partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by any Person or one or more Subsidiaries of that Person or a combination thereof. For purposes hereof, a Person or
Persons shall be deemed to have a majority ownership interest in a partnership, limited liability company, association or other business entity if such Person or Persons shall be allocated a majority of partnership, limited liability company,
association or other business entity gains or losses or shall be or control the managing director, manager or a general partner of such partnership, limited liability company, association or other business entity. 

“Termination Date” means the date of the Executive’s separation of service from Holdings or any of its
Subsidiaries for reasons other than death, as determined under Section 409A of the Code and applicable guidance thereunder; provided, however, that in the event such determination cannot be made under such Section 409A and/or guidance,
“Termination Date” shall mean the date that the Executive ceases to be employed by Holdings or any of its Subsidiaries for any reason other than death. 

“Work Product” has the meaning set forth in Section 3 of this Agreement. 

 

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 2. Employment. 

(a) Employment. The Company agrees to employ the Executive, and the Executive hereby accepts employment with the
Company, upon the terms and conditions set forth in this Agreement for the Employment Period (as herein defined). 

(b) Positions and Duties. 

(i) Commencing on the date hereof and continuing during the Employment Period, the Executive shall serve as an employee
and the President of the Company under the supervision and direction of the Board and shall have the normal duties, responsibilities and authority of President of a corporation and such other duties as shall be assigned to the Executive by the Board
from time to time. In addition, the Executive shall serve as a Senior Vice President of Holdings under the supervision and direction of the Board and shall have the normal duties, responsibilities, and authority of a Senior Vice President of a
corporation. 
 (ii) The Executive shall devote his best efforts and his full business time and attention (except
for permitted vacation periods and reasonable periods of illness or other incapacity which does not constitute Disability) to the business and affairs of the Company. The Executive shall perform his duties and responsibilities to the best of his
abilities in a diligent, trustworthy, businesslike and efficient manner. The foregoing shall not preclude the Executive from devoting reasonable time to civic and charitable affairs and with the consent of the Board serving on a maximum of one board
of a for-profit entity other than the Board or the board of directors of any Subsidiary of Holdings, provided that such activity does not interfere in any material respect with the performance of his duties hereunder. The Executive shall perform all
services in accordance with the policies, procedures and rules established by Holdings or the Company. In addition, the Executive shall comply with all laws, rules and regulations that are generally applicable to Holdings, its Subsidiaries and their
employees, directors and officers. 
 (c) Base Salary and Benefits. 

(i) Base Salary. During the Employment Period, the Executive’s base salary shall be in an amount set by the
Board, but under no circumstances will be less than $250,000 per annum (the “Base Salary”), which salary shall be paid by the Company in regular installments in accordance with the Company’s general payroll practices and shall be
subject to customary withholding. On an annual basis, the Board shall review and determine the appropriateness of an increase in the Base Salary as in effect as of the date of such review. 

 

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 (ii) Benefits. During the Employment Period, in addition to the Base
Salary payable to the Executive pursuant to Section 2(c)(i) hereof, the Executive shall be entitled to participate in the following employee benefit programs, plans and policies (collectively, the “Benefits”): 

(A) The employee benefit programs (including, but not limited to, option plans and benefit programs which provide group
pension, life and health insurance and other medical benefits) that Holdings and the Company, with the approval of the Board, now or hereafter makes available generally to its management as well as the employee benefits listed on Exhibit A hereto;
provided that any awards under any option plans shall be set by the Board, in its sole discretion; 
 (B) During
calendar year 2006 and thereafter, the MIC Plan or any New MIC Plan, with any awards thereunder to be set by the Board at a level of no less than a 55% target bonus (with the actual bonus ranging from 27.5% to 110%), it being understood and agreed
that if the MIC Plan or a New MIC Plan is not in place during any calendar year, the Executive will have substantially the same bonus opportunities as existed under the MIC Plan or a New MIC Plan during the prior calendar year; and 

(C) Holdings’ Club Membership Policy (which, subject to certain limitations, provides for payment of an initiation
fee and monthly fees). 
 (iii) Expenses. The Company shall reimburse the Executive for all reasonable and
necessary business expenses incurred by the Executive in performing his duties under this Agreement which are consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and other business expenses
subject to the Company’s receipt of supporting documentation in accordance with the Company’s customary reporting and documentation provisions. 

(d) Term. 

(i) This Agreement is an employment contract for a term of two (2) years beginning as of the Effective Date and
ending on the second anniversary of the Effective Date (the “Initial Employment Term”). At the end of the Initial Employment Term, and at the end of each Additional Employment Term (as herein defined), unless the Company (with the approval
of the Board) has provided the Executive with at least sixty (60) days advance written notice, so long as the Executive continues to be employed by the Company, this employment contract shall automatically renew for a term of one (1) year
(each such additional term, an “Additional Employment Term”). The Initial Employment Term and each Additional Employment Term shall be referred to herein as an “Employment Term.” Notwithstanding the foregoing, each Employment
Term is subject to early termination (x) by reason of the Executive’s death or Disability, (y) by resolution of the Board with or without Cause, or (z) upon the Executive’s voluntary resignation with or without Good Reason.
For all purposes under this Agreement, a delivery of a notice by the Company to the Executive pursuant to this Section 2(d)(i) to avoid an Additional Employment Term shall be treated as if an Employment Term has been terminated early by
resolution of the Board without Cause. 
  

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 (ii) The period of the Initial Employment Term together with each Additional
Employment Term, if any, shall be referred to herein as the “Employment Period.” Notwithstanding any termination of the Executive’s employment by the Company, this Agreement shall remain a valid and enforceable contract between the
parties, including without limitation Sections 3, 4 and 5 hereof. 
 (e) Employment Termination.

 (i) If any Employment Term is terminated early by resolution of the Board with Cause or by reason of the
Executive’s voluntary resignation without Good Reason, then the Executive shall be entitled to receive only all previously earned and accrued but unpaid Base Salary and vacation time up to the Termination Date (and not any accrued but unpaid
Bonus as of the Termination Date). 
 (ii) If any Employment Term is terminated early by reason of the
Executive’s death or Disability, then the Executive shall be entitled to receive only (x) all previously earned and accrued but unpaid Base Salary and vacation time up to the Termination Date or date of death, (y) if the Termination
Date or date of death is 3 months after the commencement of a Bonus Year, then a portion of the Bonus earned by the Executive during such Bonus Year in which such termination occurs determined on a pro rated basis based on the number of days of the
applicable Bonus Year prior to the Termination Date or date of death as compared to the number of days in such Bonus Year, which payment will be made when such Bonus for such Bonus Year would otherwise be payable and (z) any Bonus earned by the
Executive during any Bonus Year which ended prior to the Termination Date or date of death and which has not been paid as of such date, which payment will be made when such Bonus for such Bonus Year would otherwise be payable. 

 

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 (iii) Subject to the restrictions or conditions, if any, of any applicable
provisions of the United States Code, 11 U.S.C. § 101, et seq. (the “Bankruptcy Code”), if any Employment Term is terminated early by reason of the Executive’s voluntary resignation with Good Reason or by resolution
of the Board without Cause, then, subject to the last sentence of this section (iii) the Executive shall be entitled to receive only the following: (v) all previously earned and accrued but unpaid Base Salary and vacation time up to the
Termination Date, (w) his Base Salary and an amount equal to the Company’s estimate of the cost of the Benefits marked on Exhibit A with an “#” (which estimate shall be based on the amounts incurred by the Company in connection
with the provisions of such Benefits) for the twelve-month period beginning on the Termination Date; provided, however, that such twelve-month period shall be extended until the date on which the Initial Employment Term would have ended if more than
twelve months remained in the Initial Employment Term on the Termination Date, (x) an amount equal to the cost of the Benefits referred to in Section 2(c)(ii)(C) hereof for the three-month period beginning on the Termination Date,
(y) if the Termination Date is 3 months after the commencement of a Bonus Year, then a portion of the Bonus earned by the Executive during such Bonus Year in which such termination occurs determined on a pro rated basis based on the number of
days of the applicable Bonus Year prior to the Termination Date as compared to the number of days in such Bonus Year, which payment will be made when such Bonus for such Bonus Year would otherwise be payable and (z) any Bonus earned by the
Executive during any Bonus Year which ended prior to the Termination Date and which has not been paid as of such date, which payment will be made when such Bonus for such Bonus Year would otherwise be payable. Notwithstanding these payments or
benefits, the period for which the Executive is entitled to health care continuation coverage under Section 4980B of the Internal Revenue Code of 1986, as amended, shall begin to run on the Termination Date and shall not be extended on account
of payments made or reimbursed by the Company pursuant hereto. As a condition to receiving any payments pursuant to this Section 2(e)(iii), the Executive shall execute and deliver to the Company a general release (with ancillary covenants not
to sue and other similar standard provisions) of Holdings and its Affiliates and their respective officers, directors and employees from all claims of any kind whatsoever arising out of the Executive’s employment or termination thereof
(including without limitation, civil rights claims), in such form as reasonably requested by the Company; provided, however, that the release will not affect any contractual rights the Executive may otherwise have under any stock option plans of
Holdings or option agreements thereunder; and provided further that the release shall not apply to any rights to which the Executive is entitled in accordance with plan provisions under any employee benefit plan or fringe benefit plan or program of
any of Holdings, the Company and its Affiliates. 
 (iv) Except as expressly provided in this Section 2(e),
the Executive hereby agrees that upon and after the Termination Date, no severance compensation of any kind, nature or amount (including by operation of law) shall be payable by Holdings, the Company or any of their respective Subsidiaries or
Affiliates to the Executive and the Executive hereby irrevocably waives any claim for severance compensation of any kind, nature or amount (including by operation of law). 

(v) Except as expressly provided in this Section 2(e), upon the Termination Date, except as required by law, all of
the Executive’s rights to Benefits hereunder (if any) shall cease. 
  

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 (vi) Subject to restrictive covenants contained in Section 5 hereof,
the Executive may obtain other engagements or employment after the Termination Date, and any compensation received or receivable by the Executive shall not reduce any amounts which the Company is required to pay to the Executive pursuant to this
Agreement. 
 3. Work Product. The Executive agrees that all inventions, drawings, improvements, developments, methods,
processes, programs, designs and all similar or related information which relates to Holdings’ or any of its Subsidiaries’ actual or anticipated business or research and development or existing or future products or services and which are
conceived, developed, contributed to or made by the Executive (either solely or jointly with others) while employed by Holdings or any of its Subsidiaries (“Work Product”) shall be the sole and exclusive property of Holdings or any such
Subsidiary. The Executive will promptly disclose such Work Product to Holdings and perform all actions requested by Holdings (whether during or after employment) to establish and confirm such ownership (including, without limitation, assignments,
consents, powers of attorney and other instruments). 
 4. Confidential Information. 

(a) The Executive acknowledges: 

(i) That the Work Product, artificial intelligence systems, information, customer lists, goodwill, observations and data
disclosed to, developed by or obtained by him while employed by Holdings or any of its Subsidiaries concerning the business or affairs of Holdings or any such Subsidiary (including without limitation Holdings’ and its Subsidiaries’
technology, methods of doing business and supplier and customer information) (collectively, “Confidential Information”) are highly confidential and uniquely valuable to Holdings and its Subsidiaries; 

(ii) That such Confidential Information is and shall continue to be the property of Holdings or any such Subsidiary;

 (iii) That Holdings and each of its Subsidiaries has a proprietary interest in their respective Confidential
Information, including without limitation the identity of their respective customers and suppliers, solicited customers, customer and supplier lists; 

(iv) That the continued success of Holdings and its Subsidiaries depends in large part on keeping the Confidential
Information from becoming known to competitors of Holdings and its Subsidiaries; and 
 (v) That Holdings and its
Subsidiaries will be irreparably harmed by disclosure of any Confidential Information. 
  

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 (b) Therefore, the Executive agrees: 

(i) That, during his employment and for all times thereafter, except as required by law or court order, he shall not
directly or indirectly disclose to any unauthorized person or use for his own account any Confidential Information without the prior written consent of Holdings, unless and to the extent that the aforementioned matters become generally known to and
available for use by the public other than as a result of the Executive’s acts or omissions to act; 
 (ii)
To use his best efforts and diligence to safeguard the Confidential Information and to protect it against disclosure, misuse, espionage, loss or theft; 

(iii) That upon the Termination Date or at any other time Holdings may request, for whatever reason, the Executive shall
deliver (and in the event of the Executive’s death or Disability, his representative shall deliver) to Holdings all computer equipment or backup files of or relating to Holdings and its Subsidiaries, all memoranda, correspondence, customer
data, notes, plans, records, reports, manuals, photographs, computer tapes and software and other documents and data (and copies thereof) relating to the Confidential Information, the Work Product or the business of Holdings or any of its
Subsidiaries which he may then possess or have under his control. If Holdings requests, the Executive (or his representative) agrees to provide written confirmation that the Executive has returned all such materials to Holdings or one of its
Subsidiaries; and 
 (iv) That upon the Termination Date or at any other time Holdings may request, for whatever
reason, the Executive shall assign all rights, title and interest in the Confidential Information, the Work Product, all computer equipment or backup files of or relating to Holdings or any of its Subsidiaries, all memoranda, correspondence,
customer data, notes, plans, records, reports, manuals, photographs, computer tapes and software and other documents and data (and copies thereof) relating to the Confidential Information, the Work Product or the business of Holdings or any of its
Subsidiaries which the Executive may then possess, has under his control, or has ever developed, obtained, or contributed to during his tenure with Holdings. 

5. Noncompete, Nonsolicitation. 

(a) The Executive agrees that, during the time he is employed by Holdings or any of its Subsidiaries and during any
applicable Post-Termination Period (as herein defined) (the “Noncompete Period”), he shall not directly or indirectly own, operate, manage, control, participate in, consult with, advise, provide services for, or in any manner engage in any
business (including by himself or in association with any person, firm, corporate or other business organization or through any other entity) in competition with, or potential competition with, the businesses of Holdings or any of its Subsidiaries
as such businesses (the “Businesses”) exist during the Executive’s employment by the Company, within the United States or any other geographical area in which Holdings or any of its Subsidiaries engages or plans to engage in the
Businesses (the “Geographical Area”). Nothing herein shall prohibit the Executive from being a passive owner of not more than 2% of the outstanding stock of a corporation which is publicly traded, so long as the Executive has no active
participation in the business of such corporation. For purposes of this Section 5, “Post-Termination Period” means the twelve (12) month period beginning on the Termination Date. 

 

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 (b) During the Noncompete Period, the Executive shall not directly or
indirectly through another entity (i) induce or attempt to induce any employee of Holdings or any of its Subsidiaries to leave the employ of Holdings or any such Subsidiary, or in any way interfere with the relationship between Holdings or any
of its Subsidiaries and any employee thereof, including without limitation, inducing or attempting to induce any union, employee or group of employees to interfere with the business or operations of Holdings or any of its Subsidiaries,
(ii) hire any person who was an employee of Holdings or any of its Subsidiaries at any time during the Executive’s employment period, or (iii) induce or attempt to induce any customer, supplier, distributor, franchisee, licensee or
other business relation of Holdings or any of its Subsidiaries to cease doing business with Holdings or any such Subsidiary, or in any way interfere with the relationship between any such customer, supplier, distributor, franchisee, licensee or
business relation and Holdings or any of its Subsidiaries. 
 (c) The Executive agrees that: (i) the
covenants set forth in this Section 5 are reasonable in geographical and temporal scope and in all other respects, (ii) Holdings and the Company would not have entered into this Agreement but for the covenants of the Executive contained
herein, and (iii) the covenants contained herein have been made in order to induce Holdings and the Company to enter into this Agreement. 

(d) If, at the time of enforcement of this Section 5, a court shall hold that the duration, scope or area
restrictions stated herein are unreasonable under circumstances then existing, the parties agree that the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope or area and that the
court shall be allowed to revise the restrictions contained herein to cover the maximum period, scope and area permitted by law. 

(e) The Executive recognizes and affirms that in the event of his breach of any provision of this Section 5, money
damages would be inadequate and Holdings and the Company would have no adequate remedy at law. Accordingly, the Executive agrees that in the event of a breach or a threatened breach by the Executive of any of the provisions of this Section 5,
Holdings and the Company, in addition and supplementary to other rights and remedies existing in their favor, may apply to any court of law or equity of competent jurisdiction for specific performance and/or injunctive or other relief in order to
enforce or prevent any violations of the provisions hereof (without posting a bond or other security). 
  

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 6. Notices. All notices, demands or other communications to be given or delivered
under or by reason of the provisions of this Agreement shall be in writing and delivered personally, mailed by certified or registered mail, return receipt requested and postage prepaid, sent via a nationally recognized overnight courier, charges
prepaid, or sent via facsimile. Such notices, demands and other communications will be sent to the address indicated below: 
 To
Holdings or the Company: 
 Global Power Equipment Group Inc. 

6120 South Yale, Suite 1480 

Tulsa, OK 74136 

Attention: Chief Executive Officer 

Facsimile No.: (918) 488-8389 

To the Executive: 

at the Executive’s last address or facsimile 

number on the records of the Company 

or such other address or to the attention of such other Person as the recipient party shall have specified by prior written notice to the sending party;
provided, that the failure to deliver copies of notices as indicated above shall not affect the validity of any notice. Any such notice, demand or other communication shall be deemed to have been received (i) when delivered, if personally
delivered, or sent by nationally-recognized overnight courier or sent via facsimile or (ii) on the third business day following the date on which the piece of mail containing such notice, demand or other communication is posted if sent by
certified or registered mail. 
 7. Miscellaneous. 

(a) Warranty by the Executive. The Executive represents and warrants to Holdings and the Company that he is not a
party to any agreement containing a noncompetition provision or other restriction with respect to (i) the nature of any services or business which he is entitled to perform or conduct for Holdings or the Company under this Agreement, or
(ii) the disclosure or use of any information which directly or indirectly relates to the nature of the business of Holdings or any of its Subsidiaries or the services to be rendered by the Executive under this Agreement. 

(b) Severability. If any provision or clause of this Agreement, or portion thereof shall be held by any court or
other tribunal of competent jurisdiction to be illegal, invalid, or unenforceable in such jurisdiction, the remainder of such provision shall not be thereby affected and shall be given full effect, without regard to the invalid portion. It is the
intention of the parties that, if any court construes any provision or clause of this Agreement, or any portion thereof, to be illegal, void or unenforceable because of the duration of such provision or the area matter covered thereby, such court
shall reduce the duration, area, or matter of such provision, and, in its reduced form, such provision shall then be enforceable and shall be enforced. 
  

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 (c) Complete Agreement. This Agreement shall embody the complete
agreement and understanding among the Executive, Holdings and/or any of its Subsidiaries and supersedes and preempts any prior understandings, agreements or representations by or among such parties, written or oral, which may have related to the
subject matter hereof in any way, including, but not limited to, the Old Employment Agreement. This Agreement does not supersede any agreements evidencing the grant of options or long-term incentives to the Executive under Holdings’ 2000 Option
Plan, Holdings’ 2001 Option Plan, Holdings’ 2004 Stock Incentive Plan or any future equity plan of Holdings. 

(d) Counterparts. This Agreement may be executed in separate counterparts, each of which is deemed to be an
original and all of which taken together constitute one and the same agreement. 
 (e) Successors and Assigns,
Transfer. This Agreement is intended to bind and inure to the benefit of and be enforceable by the Executive, Holdings and the Company and their respective successors, heirs and assigns. 

(f) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the state of
Delaware, without giving effect to any rules, principles or provisions of choice of law or conflict of laws. 

(g) Remedies. Holdings, the Company and the Executive will be entitled to enforce its or his respective rights
under this Agreement specifically, to recover damages and costs (including reasonable attorneys’ fees and expenses) caused by any breach of any provision of this Agreement and to exercise all other rights existing in its or his favor. The
parties hereto agree and acknowledge that Holdings and the Company will suffer irreparable harm and money damages may not be an adequate remedy for any breach of the provisions of this Agreement by the Executive and that Holdings and/or the Company
may in its/their sole discretion apply to any court of law or equity of competent jurisdiction (without posting any bond or deposit) for specific performance and/or other injunctive relief in order to enforce or prevent any violations of the
provisions of this Agreement. 
 (h) Amendment and Waiver. The provisions of this Agreement may be amended
and waived only with the prior written consent of Holdings and the Company (with the approval of the Board) and the Executive. 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Effective
Date. 
  

			
	GLOBAL POWER EQUIPMENT GROUP INC.
		
	By:	 	 /s/ John M.
Matheson

			
	Name:	 	John M. Matheson
	Title:	 	Chief Executive Officer and President
	
	BRADEN MANUFACTURING, L.L.C.

			
		
	By:	 	 /s/ John M.
Matheson

			
	Name:	 	John M. Matheson
	Title:	 	Vice President
	
	 /s/ Gene F. Schockemoehl

	Gene F. Schockemoehl

  

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 Exhibit A 

Benefits Schedule 

Gene F. Schockemoehl 
  

			
	#	  	Medical Insurance
	#	  	Dental Insurance
		  	Short Term Disability
		  	Long Term Disability
		  	Salary Continuation*
	#	  	Life Insurance
		  	Accidental Death & Dismemberment
	#	  	Travel Accident Insurance
		  	9 Paid Holidays Per Year
		  	4 Weeks Paid Vacation Per Year
		  	Profit Sharing Plan
		  	401(k) Plan
		  	Flexible Benefit Plan
		  	Preparation of Annual Taxes

  

	*	If disabled, the Company would pay the difference between his regular salary and the benefit Short Term Disability would pay for up to six months2006 Equity Incentive Plan, as amended and restated on March 12, 2010

 Exhibit 10.1 

RIVERBED TECHNOLOGY, INC. 

2006 EQUITY INCENTIVE PLAN 

AMENDED AND RESTATED MARCH 12, 2010 

 TABLE OF CONTENTS 

 

					
	 	  	 	  	Page
	ARTICLE 1.	  	INTRODUCTION	  	1
			
	ARTICLE 2.	  	ADMINISTRATION	  	1
	 2.1
	  	Committee Composition	  	1
	 2.2
	  	Committee Responsibilities	  	1
	 2.3
	  	Committee for Non-Officer Grants	  	2
			
	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
	 3.4
	  	Dividend Equivalents	  	2
			
	ARTICLE 4.	  	ELIGIBILITY	  	3
	 4.1
	  	Incentive Stock Options	  	3
	 4.2
	  	Other Grants	  	3
			
	ARTICLE 5.	  	OPTIONS	  	3
	 5.1
	  	Stock Option Agreement	  	3
	 5.2
	  	Number of Shares	  	3
	 5.3
	  	Exercise Price	  	3
	 5.4
	  	Exercisability and Term	  	3
	 5.5
	  	Modification or Assumption of Options	  	4
	 5.6
	  	Buyout Provisions	  	4
			
	ARTICLE 6.	  	PAYMENT FOR OPTION SHARES	  	4
	 6.1
	  	General Rule	  	4
	 6.2
	  	Surrender of Stock	  	4
	 6.3
	  	Exercise/Sale	  	4
	 6.4
	  	Other Forms of Payment	  	4
			
	ARTICLE 7.	  	STOCK APPRECIATION RIGHTS	  	4
	 7.1
	  	SAR Agreement	  	4
	 7.2
	  	Number of Shares	  	5
	 7.3
	  	Exercise Price	  	5
	 7.4
	  	Exercisability and Term	  	5
	 7.5
	  	Exercise of SARs	  	5
	 7.6
	  	Modification or Assumption of SARs	  	5
			
	ARTICLE 8.	  	RESTRICTED SHARES	  	5
	 8.1
	  	Restricted Stock Agreement	  	5
	 8.2
	  	Payment for Awards	  	6
	 8.3
	  	Vesting Conditions	  	6
	 8.4
	  	Voting and Dividend Rights	  	6

  

 i 

					
	ARTICLE 9.	  	STOCK UNITS	  	6
	 9.1
	  	Stock Unit Agreement	  	6
	 9.2
	  	Payment for Awards	  	6
	 9.3
	  	Vesting Conditions	  	6
	 9.4
	  	Voting and Dividend Rights	  	7
	 9.5
	  	Form and Time of Settlement of Stock Units	  	7
	 9.6
	  	Death of Recipient	  	7
	 9.7
	  	Creditors’ Rights	  	7
			
	ARTICLE 10.	  	CHANGE IN CONTROL	  	8
	 10.1
	  	Effect of Change in Control	  	8
	 10.2
	  	Acceleration	  	8
			
	ARTICLE 11.	  	PROTECTION AGAINST DILUTION	  	8
	 11.1
	  	Adjustments	  	8
	 11.2
	  	Dissolution or Liquidation	  	9
	 11.3
	  	Reorganizations	  	9
			
	ARTICLE 12.	  	AWARDS UNDER OTHER PLANS	  	10
			
	ARTICLE 13.	  	PAYMENT OF DIRECTOR’S FEES IN SECURITIES	  	10
	 13.1
	  	Effective Date	  	10
	 13.2
	  	Elections to Receive NSOs, Restricted Shares or Stock Units	  	10
	 13.3
	  	Number and Terms of NSOs, Restricted Shares or Stock Units	  	10
			
	ARTICLE 14.	  	LIMITATION ON RIGHTS	  	11
	 14.1
	  	Retention Rights	  	11
	 14.2
	  	Stockholders’ Rights	  	11
	 14.3
	  	Regulatory Requirements	  	11
			
	ARTICLE 15.	  	WITHHOLDING TAXES	  	11
	 15.1
	  	General	  	11
	 15.2
	  	Share Withholding	  	11
			
	ARTICLE 16.	  	FUTURE OF THE PLAN	  	11
	 16.1
	  	Term of the Plan	  	11
	 16.2
	  	Amendment or Termination	  	12
	 16.3
	  	Stockholder Approval	  	12
			
	ARTICLE 17.	  	DEFINITIONS	  	12

  

 ii 

 RIVERBED TECHNOLOGY, INC. 

2006 EQUITY INCENTIVE PLAN 

ARTICLE 1. INTRODUCTION. 

The purpose of the Plan is to promote the long-term success of the Company and the creation of stockholder value by (a) encouraging
Employees, Outside Directors and Consultants to focus on critical long-range objectives, (b) encouraging the attraction and retention of Employees, Outside Directors and Consultants with exceptional qualifications and (c) linking
Employees, Outside Directors and Consultants directly to stockholder interests through increased stock ownership. The Plan seeks to achieve this purpose by providing for Awards in the form of Restricted Shares, Stock Units, Options (which may
constitute ISOs or NSOs) or stock appreciation rights. 
 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 (a) select the Employees, Outside Directors and Consultants who are to
receive Awards under the Plan, (b) determine the type, number, vesting requirements and other features and conditions of such Awards, (c) interpret the Plan, (d) make all other decisions relating to the operation of the Plan and
(e) carry out any other duties delegated to it by the Board. 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. 
  

 2.3 Committee for Non-Officer Grants. The Board may also appoint a secondary
committee of the Board, which shall be composed of one or more directors of the Company who need not satisfy the requirements of Section 2.1. Such secondary committee may administer the Plan with respect to Employees and Consultants who are not
Outside Directors and are not considered executive officers of the Company under section 16 of the Exchange Act, may grant Awards under the Plan to such Employees and Consultants and may determine all features and conditions of such Awards.
Within the limitations of this Section 2.3, any reference in the Plan to the Committee shall include such secondary committee. 

ARTICLE 3. SHARES AVAILABLE FOR GRANTS. 

3.1 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) 3,000,000 Common Shares plus the number of Common Shares remaining available for issuance under the 2002 Stock Plan on the date of the IPO plus (b) the additional
Common Shares described in Sections 3.2 and 3.3. The number of Common Shares that are subject to Awards outstanding at any time under the Plan shall not exceed the number of Common Shares that then remain available for issuance under the
Plan. All Common Shares available under the Plan may be issued upon the exercise of ISOs. The limitations of this Section 3.1 and Section 3.2 shall be subject to adjustment pursuant to Article 11. 

3.2 Annual Increase in Shares. As of the first day of each fiscal year of the Company, commencing on January 1, 2007 and
ending on January 1, 2011, the aggregate number of Common Shares that may be issued under the Plan shall automatically increase by a number equal to the least of (a) 5% of the total number of Common Shares then outstanding,
(b) 4,000,000 Common Shares or (c) the number determined by the Board. 
 3.3 Shares Returned to Reserve. If
Options, SARs or Stock Units under this Plan or the 2002 Stock Plan are forfeited or terminate for any other reason before being exercised or settled, then the Common Shares subject to such Options, SARs or Stock Units shall again become available
for issuance under this Plan. If Restricted Shares or Common Shares issued upon the exercise of Options under this Plan or the 2002 Stock Plan are reacquired by the Company pursuant to a forfeiture provision or for any other reason, then such Common
Shares shall again become available for issuance under this Plan. If SARs are exercised, then only the number of Common Shares (if any) actually issued in settlement of such SARs shall reduce the number available under Section 3.1 and the
balance shall again become available for issuance under the Plan. If Stock Units are settled, then only the number of Common Shares (if any) actually issued in settlement of such Stock Units shall reduce the number available under Section 3.1
and the balance shall again become available for issuance under the Plan. 
 3.4 Dividend Equivalents. Any dividend
equivalents paid or credited under the Plan shall, if paid in Common Shares, be applied against the number of Common Shares that may be issued under the Plan. Any dividend equivalents paid or credited under the Plan shall, if paid in cash, not be
applied against the number of Common Shares that may be issued under the Plan. 
  

 2 

 ARTICLE 4. ELIGIBILITY. 

4.1 Incentive Stock Options. Only Employees who are common-law employees of the Company, a Parent or a Subsidiary shall be eligible
for the grant of ISOs. In addition, an Employee who owns more than 10% of the total combined voting power of all classes of outstanding stock of the Company or any of its Parents or Subsidiaries shall not be eligible for the grant of an ISO unless
the requirements set forth in section 422(c)(5) of the Code are satisfied. 
 4.2 Other Grants. Only Employees,
Outside Directors and Consultants shall be eligible for the grant of Restricted Shares, Stock Units, NSOs or SARs. 
 ARTICLE
5. OPTIONS. 
 5.1 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. The Stock Option Agreement shall specify whether
the Option is an ISO or an NSO. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. Options may be granted in consideration of a reduction in the Optionee’s other compensation. A Stock Option
Agreement may provide that a new Option will be granted automatically to the Optionee when he or she exercises a prior Option and pays the Exercise Price in the form described in Section 6.2. 

5.2 Number of Shares. Each Stock Option Agreement shall specify the number of Common Shares subject to the Option and shall
provide for the adjustment of such number in accordance with Article 11. Options granted to any Optionee in a single calendar year of the Company shall not cover more than 2,500,000 Common Shares. The limitation set forth in the preceding
sentence shall be subject to adjustment in accordance with Article 11. 
 5.3 Exercise Price. Each Stock Option
Agreement shall specify the Exercise Price; provided that the Exercise Price shall in no event be less than 100% of the Fair Market Value of a Common Share on the date of grant. 

5.4 Exercisability and Term. Each Stock Option Agreement shall specify the date or event when all or any installment of the Option
is to become exercisable. The Stock Option Agreement shall also specify the term of the Option; provided that the term of an ISO shall in no event exceed 10 years from the date of grant. A Stock Option Agreement may provide for accelerated
exercisability in the event of the Optionee’s death, disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Optionee’s Service. Options may be awarded in
combination with SARs, and such an Award may provide that the Options will not be exercisable unless the related SARs are forfeited. 
  

 3 

 5.5 Modification or Assumption of Options. Within the limitations of the Plan, the
Committee may modify, reprice, extend or assume outstanding options or may accept the cancellation of outstanding options (whether granted by the Company or by another issuer) in return for the grant of new options for the same or a different number
of shares and at the same or a different exercise price. The foregoing notwithstanding, no modification of an Option shall, without the consent of the Optionee, alter or impair his or her rights or obligations under such Option. 

5.6 Buyout Provisions. The Committee may at any time (a) offer to buy out for a payment in cash or cash equivalents an Option
previously granted or (b) authorize an Optionee to elect to cash out an Option previously granted, in either case at such time and based upon such terms and conditions as the Committee shall establish. 

ARTICLE 6. PAYMENT FOR OPTION SHARES. 

6.1 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 6. However, if the Optionee is an Outside
Director or executive officer of the Company, he or she 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. 

6.2 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. 

6.3 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. 
 6.4 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 7. STOCK APPRECIATION RIGHTS. 

7.1 SAR Agreement. Each grant of an SAR under the Plan shall be evidenced by an SAR Agreement between the Optionee and the Company.
Such SAR 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. The provisions of the various SAR Agreements entered into under the Plan need not be identical. SARs may be
granted in consideration of a reduction in the Optionee’s other compensation. 
  

 4 

 7.2 Number of Shares. Each SAR Agreement shall specify the number of Common Shares to
which the SAR pertains and shall provide for the adjustment of such number in accordance with Article 11. SARs granted to any Optionee in a single calendar year shall in no event pertain to more than 2,500,000 Common Shares. The limitation set
forth in the preceding sentence shall be subject to adjustment in accordance with Article 11. 
 7.3 Exercise Price.
Each SAR Agreement shall specify the Exercise Price; provided that the Exercise Price shall in no event be less than 100% of the Fair Market Value of a Common Share on the date of grant. 

7.4 Exercisability and Term. Each SAR Agreement shall specify the date all or any installment of the SAR is to become exercisable.
The SAR Agreement shall also specify the term of the SAR. An SAR Agreement may provide for accelerated exercisability in the event of the Optionee’s death, disability or retirement or other events and may provide for expiration prior to the end
of its term in the event of the termination of the Optionee’s Service. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. An SAR may be
included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. An SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control. 

7.5 Exercise of SARs. Upon exercise of an SAR, the Optionee (or any person having the right to exercise the SAR after his or her
death) shall receive from the Company consideration in the form of (a) Common Shares, (b) cash or (c) a combination of Common Shares and cash, as the Committee shall determine. Each SAR Agreement shall specify the amount and/or Fair
Market Value of the consideration that the Optionee will receive upon exercising the SAR; provided that the aggregate consideration shall not exceed the amount by which the Fair Market Value (on the date of exercise) of the Common Shares subject to
the SAR exceeds the Exercise Price of the SAR. If, on the date an SAR expires, the Exercise Price of the SAR is less than the Fair Market Value of the Common Shares subject to the SAR on such date but any portion of the SAR has not been exercised,
then the SAR shall automatically be deemed to be exercised as of such date with respect to such portion. An SAR Agreement may also provide for an automatic exercise of the SAR on an earlier date. 

7.6 Modification or Assumption of SARs. Within the limitations of the Plan, the Committee may modify, reprice, extend or assume
outstanding SARs or may accept the cancellation of outstanding SARs (whether granted by the Company or by another issuer) in return for the grant of new SARs for the same or a different number of shares and at the same or a different exercise price.
The foregoing notwithstanding, no modification of an SAR shall, without the consent of the Optionee, alter or impair his or her rights or obligations under such SAR. 

ARTICLE 8. RESTRICTED SHARES. 

8.1 Restricted Stock Agreement. Each grant of Restricted Shares under the Plan shall be evidenced by a Restricted Stock Agreement
between the recipient and the Company. Such Restricted Shares 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. The provisions of the various Restricted Stock
Agreements entered into under the Plan need not be identical. 
  

 5 

 8.2 Payment for Awards. Restricted Shares may be sold or awarded under the Plan for
such consideration as the Committee may determine, including (without limitation) cash, cash equivalents, property, full-recourse promissory notes, past services and future services. If the Participant is an Outside Director or executive officer of
the Company, he or she may pay for Restricted Shares with a promissory note only to the extent permitted by section 13(k) of the Exchange Act. Within the limitations of the Plan, the Committee may accept the cancellation of outstanding options
in return for the grant of Restricted Shares. 
 8.3 Vesting Conditions. Each Award of Restricted
Shares may or may not be subject to vesting. Vesting shall occur, in full or in installments, upon satisfaction of the conditions specified in the Restricted Stock Agreement. The Committee may include among such conditions the requirement that the
performance of the Company or a business unit of the Company for a specified period of one or more fiscal years equal or exceed a target determined in advance by the Committee. Such target shall be based on one or more of the criteria set forth in
Appendix A. The Committee shall identify such target not later than the
90th day of such period. In no event shall more than
2,500,000 Restricted Shares that are subject to performance-based vesting conditions be granted to any Participant in a single fiscal year of the Company, subject to adjustment in accordance with Article 11. A Restricted Stock Agreement may
provide for accelerated vesting in the event of the Participant’s death, disability or retirement or other events. 

8.4 Voting and Dividend Rights. The holders of Restricted Shares awarded under the Plan shall have the same voting, dividend and
other rights as the Company’s other stockholders. A Restricted Stock Agreement, however, may require that the holders of Restricted Shares invest any cash dividends received in additional Restricted Shares. Such additional Restricted Shares
shall be subject to the same conditions and restrictions as the Award with respect to which the dividends were paid. 

ARTICLE 9. STOCK UNITS. 

9.1 Stock Unit Agreement. Each grant of Stock Units under the Plan shall be evidenced by a Stock Unit Agreement between the
recipient and the Company. Such Stock Units 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. The provisions of the various Stock Unit Agreements entered into under
the Plan need not be identical. Stock Units may be granted in consideration of a reduction in the recipient’s other compensation. 

9.2 Payment for Awards. To the extent that an Award is granted in the form of Stock Units, no cash consideration shall be required
of the Award recipients. 
 9.3 Vesting Conditions. Each Award of Stock Units may or may not be subject to vesting.
Vesting shall occur, in full or in installments, upon satisfaction of the conditions specified in the Stock Unit Agreement. The Committee may include among such conditions the requirement that the performance of the Company or a business unit of the

  

 6 

 
Company for a specified period of one or more fiscal years equal or exceed a target determined in advance by the Committee. Such target shall be based on one or more of the criteria set forth in
Appendix A. The Committee shall identify such target not later than the
90th day of such period. In no event shall more than
2,500,000 Stock Units that are subject to performance-based vesting conditions be granted to any Participant in a single fiscal year of the Company, subject to adjustment in accordance with Article 11. A Stock Unit Agreement may provide for
accelerated vesting in the event of the Participant’s death, disability or retirement or other events. Acceleration of vesting may be required under Section 11.3. 

9.4 Voting and Dividend Rights. The holders of Stock Units shall have no voting rights. Prior to settlement or forfeiture, any
Stock Unit awarded under the Plan may, at the Committee’s discretion, carry with it a right to dividend equivalents. Such right entitles the holder to be credited with an amount equal to all cash dividends paid on one Common Share while the
Stock Unit is outstanding. Dividend equivalents may be converted into additional Stock Units. Settlement of dividend equivalents may be made in the form of cash, in the form of Common Shares, or in a combination of both. Prior to distribution, any
dividend equivalents that are not paid shall be subject to the same conditions and restrictions as the Stock Units to which they attach. 

9.5 Form and Time of Settlement of Stock Units. Settlement of vested Stock Units may be made in the form of (a) cash,
(b) Common Shares or (c) any combination of both, as determined by the Committee. The actual number of Stock Units eligible for settlement may be larger or smaller than the number included in the original Award, based on predetermined
performance factors. Methods of converting Stock Units into cash may include (without limitation) a method based on the average Fair Market Value of Common Shares over a series of trading days. Vested Stock Units may be settled in a lump sum or in
installments. The distribution may occur or commence when all vesting conditions applicable to the Stock Units have been satisfied or have lapsed, or it may be deferred to any later date. The amount of a deferred distribution may be increased by an
interest factor or by dividend equivalents. Until an Award of Stock Units is settled, the number of such Stock Units shall be subject to adjustment pursuant to Article 11. 

9.6 Death of Recipient. Any Stock Units Award that becomes payable after the recipient’s death shall be distributed to the
recipient’s beneficiary or beneficiaries. Each recipient of a Stock Units Award under the Plan shall designate one or more beneficiaries for this purpose by filing the prescribed form with the Company. A beneficiary designation may be changed
by filing the prescribed form with the Company at any time before the Award recipient’s death. If no beneficiary was designated or if no designated beneficiary survives the Award recipient, then any Stock Units Award that becomes payable after
the recipient’s death shall be distributed to the recipient’s estate. 
 9.7 Creditors’ Rights. A holder
of Stock Units shall have no rights other than those of a general creditor of the Company. Stock Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Stock Unit Agreement.

  

 7 

 ARTICLE 10. CHANGE IN CONTROL 

10.1 Effect of Change in Control. In the event of any Change in Control, each outstanding Award shall automatically accelerate so
that each such Award shall, immediately prior to the effective date of the Change in Control, become fully exercisable for all of the shares of Common Stock at the time subject to such Award and may be exercised for any or all of those shares as
fully-vested shares of Common Stock. However, an outstanding Award shall not so accelerate if and to the extent such Award is, in connection with the Change in Control, either to be assumed by the successor corporation (or parent thereof) or
to be replaced with a comparable Award for shares of the capital stock of the successor corporation (or parent thereof). The determination of Award comparability shall be made by the Committee, and its determination shall be final, binding and
conclusive. 
 10.2 Acceleration. The Committee shall have the discretion, exercisable either at the time the Award is
granted or at any time while the Award remains outstanding, to provide for the automatic acceleration of vesting upon the occurrence of a Change in Control, whether or not the Award is to be assumed or replaced in the Change in Control, or in
connection with a termination of a Participant’s Service following a Change in Control. 
 ARTICLE 11. PROTECTION
AGAINST DILUTION. 
 11.1 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, SARs, Restricted Shares and Stock Units available for future
Awards under Article 3, including the numerical share limit in Section 3.2; 
 (b) The limitations set
forth in Sections 5.2, 7.2, 8.3 and 9.3; 
 (c) The number of Common Shares covered by each outstanding
Option and SAR; 
 (d) The Exercise Price under each outstanding Option and SAR; or 

(e) The number of Stock Units included in any prior Award that has not yet been settled. 

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 11, a
Participant 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. 
  

 8 

 11.2 Dissolution or Liquidation. To the extent not previously exercised or settled,
Options, SARs and Stock Units shall terminate immediately prior to the dissolution or liquidation of the Company. 
 11.3
Reorganizations. In the event that the Company is a party to a merger or consolidation, all outstanding Awards 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 Awards by the Company (if the Company is the surviving corporation).

 (b) The assumption of such outstanding Awards by the surviving corporation or its parent, provided that the
assumption of Options or SARs shall comply with section 424(a) of the Code (whether or not the Options are ISOs). 

(c) The substitution by the surviving corporation or its parent of new awards for such outstanding Awards, provided that
the substitution of Options or SARs shall comply with section 424(a) of the Code (whether or not the Options are ISOs). 

(d) Full exercisability of outstanding Options and SARs and full vesting of the Common Shares subject to such Options and
SARs, followed by the cancellation of such Options and SARs. The full exercisability of such Options and SARs and full vesting of such Common Shares may be contingent on the closing of such merger or consolidation. The Optionees shall be able to
exercise such Options and SARs 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 and SARs. Any exercise of such Options and SARs during such period may be contingent on the closing of such merger or
consolidation. 
 (e) The cancellation of outstanding Options and SARs and a payment to the Optionees equal to
the excess of (i) the Fair Market Value of the Common Shares subject to such Options and SARs (whether or not such Options and SARs 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 and SARs would have become exercisable or such Common Shares would have vested. Such payment may be subject to

  

 9 

 
vesting based on the Optionee’s continuing Service, provided that the vesting schedule shall not be less favorable to the Optionee than the schedule under which such Options and SARs would
have become exercisable or such Common Shares would have vested. If the Exercise Price of the Common Shares subject to such Options and SARs exceeds the Fair Market Value of such Common Shares, then such Options and SARs 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. 

(f) The cancellation of outstanding Stock Units and a payment to the Participants equal to the Fair Market Value of the
Common Shares subject to such Stock Units (whether or not such Stock Units are then vested) as of the closing date of such merger or consolidation. 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 Stock Units would have vested. Such payment may be subject to vesting
based on the Participant’s continuing Service, provided that the vesting schedule shall not be less favorable to the Participant than the schedule under which such Stock Units would have vested. For purposes of this Subsection (f), the
Fair Market Value of any security shall be determined without regard to any vesting conditions that may apply to such security. 

ARTICLE 12. AWARDS UNDER OTHER PLANS. 

The Company may grant awards under other plans or programs. Such awards may be settled in the form of Common Shares issued under this
Plan. Such Common Shares shall be treated for all purposes under the Plan like Common Shares issued in settlement of Stock Units and shall, when issued, reduce the number of Common Shares available under Article 3. 

ARTICLE 13. PAYMENT OF DIRECTOR’S FEES IN SECURITIES. 

13.1 Effective Date. No provision of this Article 13 shall be effective unless and until the Board has determined to implement
such provision. 
 13.2 Elections to Receive NSOs, Restricted Shares or Stock Units. An Outside Director may elect to
receive his or her annual retainer payments and/or meeting fees from the Company in the form of cash, NSOs, Restricted Shares or Stock Units, or a combination thereof, as determined by the Board. Such NSOs, Restricted Shares and Stock Units shall be
issued under the Plan. An election under this Article 13 shall be filed with the Company on the prescribed form. 
 13.3
Number and Terms of NSOs, Restricted Shares or Stock Units. The number of NSOs, Restricted Shares or Stock Units to be granted to Outside Directors in lieu of annual retainers and meeting fees that would otherwise be paid in cash shall be
calculated in a manner determined by the Board. The Board shall also determine the terms of such NSOs, Restricted Shares or Stock Units. 
  

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 ARTICLE 14. LIMITATION ON RIGHTS. 

14.1 Retention Rights. Neither the Plan nor any Award granted under the Plan shall be deemed to give any individual a right to
remain an Employee, Outside Director or Consultant. The Company and its Parents, Subsidiaries and Affiliates reserve the right to terminate the Service of any Employee, Outside Director or Consultant at any time, with or without cause, subject to
applicable laws, the Company’s certificate of incorporation and by-laws and a written employment agreement (if any). 

14.2 Stockholders’ Rights. A Participant shall have no dividend rights, voting rights or other rights as a stockholder with
respect to any Common Shares covered by his or her Award prior to the time when a stock certificate for such Common Shares is issued or, if applicable, the time when he or she becomes entitled to receive such Common Shares by filing any required
notice of exercise and paying any required 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. 

14.3 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 Award 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. 

ARTICLE 15. WITHHOLDING TAXES. 

15.1 General. To the extent required by applicable federal, state, local or foreign law, a Participant 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. 
 15.2 Share Withholding. To the extent that applicable law subjects a Participant
to tax withholding obligations, the Committee may permit such Participant to satisfy all or part of such obligations by having the Company withhold all or a portion of any Common Shares that otherwise would be issued to him or her or by surrendering
all or a portion of any Common Shares that he or she previously acquired. Such Common Shares shall be valued at their Fair Market Value on the date they are withheld or surrendered. 

ARTICLE 16. FUTURE OF THE PLAN. 

16.1 Term of the Plan. The Plan shall remain in effect until the earlier of (a) the date the Plan is
terminated under Section 16.2 or (b) the 10th
anniversary of the date the Board initially adopted the Plan. The Plan shall serve as the successor to the Predecessor Plan, 
  

 11 

 
and no further option grants shall be made under the Predecessor Plan after the Plan effective date. All options outstanding under the Predecessor Plan as of such date shall, immediately upon
effectiveness of the Plan, remain outstanding in accordance with their terms. Each outstanding option under the Predecessor Plan shall continue to be governed solely by the terms of the documents evidencing such option, and no provision of the Plan
shall be deemed to affect or otherwise modify the rights or obligations of the holders of such options with respect to their acquisition of shares of Common Stock. 

16.2 Amendment or Termination. The Board may, at any time and for any reason, amend or terminate the Plan. 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. 

16.3 Stockholder Approval. 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. However, section 162(m) of the Code may require that the Company’s stockholders approve: 

(a) The Plan not later than the first regular meeting of stockholders that occurs in the fourth calendar year following
the calendar year in which the Company’s initial public offering occurred; and 
 (b) The performance
criteria set forth in Appendix A not later than the first meeting of stockholders that occurs in the fifth year following the year in which the Company’s stockholders previously approved such criteria. 

ARTICLE 17. DEFINITIONS. 

17.1 “Affiliate” means any entity other than a Subsidiary, if the Company and/or one or more Subsidiaries own not less
than 50% of such entity. 
 17.2 “Award” means any award of an Option, an SAR, a Restricted Share or a Stock
Unit under the Plan. 
 17.3 “Board” means the Company’s Board of Directors, as constituted from time to
time. 
 17.4 “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; 

 

 12 

 (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 
 (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. 

17.5 “Code” means the Internal Revenue Code of 1986, as amended. 

17.6 “Committee” means a committee of the Board, as described in Article 2. 

17.7 “Common Share” means one share of the common stock of the Company. 

17.8 “Company” means Riverbed Technology, Inc., a Delaware corporation. 

17.9 “Consultant” means a consultant or adviser who provides bona fide services to the Company, a Parent, a Subsidiary
or an Affiliate as an independent contractor. 
 17.10 “Employee” means a common-law employee of the Company, a
Parent, a Subsidiary or an Affiliate. 
  

 13 

 17.11 “Exchange Act” means the Securities Exchange Act of 1934, as amended.

 17.12 “Exercise Price,” in the case of an Option, means the amount for which one Common Share may be
purchased upon exercise of such Option, as specified in the applicable Stock Option Agreement. “Exercise Price,” in the case of an SAR, means an amount, as specified in the applicable SAR Agreement, which is subtracted from the Fair Market
Value of one Common Share in determining the amount payable upon exercise of such SAR. 
 17.13 “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. 
 17.14
“IPO” means the initial public offering of the Company’s Common Shares. 
 17.15 “ISO”
means an incentive stock option described in section 422(b) of the Code. 
 17.16 “NSO” means a stock
option not described in sections 422 or 423 of the Code. 
 17.17 “Option” means an ISO or NSO granted
under the Plan and entitling the holder to purchase Common Shares. 
 17.18 “Optionee” means an individual or
estate who holds an Option or SAR. 
 17.19 “Outside Director” means a member of the Board who is not an
Employee. 
 17.20 “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. 
 17.21
“Participant” means an individual or estate who holds an Award. 
 17.22 “Plan” means this
Riverbed Technology, Inc. 2006 Equity Incentive Plan, as amended from time to time. 
 17.23 “Predecessor Plan”
means the Company’s existing 2002 Stock Plan. 
 17.24 “Restricted Share” means a Common Share awarded
under the Plan. 
  

 14 

 17.25 “Restricted Stock Agreement” means the agreement between the Company
and the recipient of a Restricted Share that contains the terms, conditions and restrictions pertaining to such Restricted Share. 

17.26 “SAR” means a stock appreciation right granted under the Plan. 

17.27 “SAR Agreement” means the agreement between the Company and an Optionee that contains the terms, conditions and
restrictions pertaining to his or her SAR. 
 17.28 “Service” means service as an Employee, Outside Director or
Consultant. 
 17.29 “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. 
 17.30 “Stock Unit” means a
bookkeeping entry representing the equivalent of one Common Share, as awarded under the Plan. 
 17.31 “Stock Unit
Agreement” means the agreement between the Company and the recipient of a Stock Unit that contains the terms, conditions and restrictions pertaining to such Stock Unit. 

17.32 “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. 
  

 15 

 APPENDIX A 

PERFORMANCE CRITERIA FOR RESTRICTED SHARES
AND STOCK UNITS 
 The performance goals that may be used by the Committee may consist of any
one or more of the following objective performance criteria, applied to either the Company as a whole or, except with respect to stockholder return metrics, to a region, business unit, affiliate or business segment, and measured either on an
absolute basis, a per share basis or relative to a pre-established target, to a previous period’s results or to a designated comparison group, and, with respect to financial metrics, which may be determined in accordance with United States
Generally Accepted Accounting Principles (“GAAP”), in accordance with accounting principles established by the International Accounting Standards Board (“IASB Principles”) or which may be adjusted when established to either
exclude any items otherwise includable under GAAP or under IASB Principles or include any items otherwise excludable under GAAP or under IASB Principles: (i) cash flow (including operating cash flow or free cash flow), (ii) revenue (on an
absolute basis or adjusted for currency effects), (iii) gross margin, (iv) operating expenses or operating expenses as a percentage of revenue, (v) earnings (which may include earnings before interest and taxes, earnings before taxes,
net earnings or EBITDA), (vi) earnings per share, (vii) stock price, (viii) return on equity, (ix) total stockholder return, (x) growth in stockholder value relative to the moving average of the S&P 500 Index, or another
index, (xi) return on capital, (xii) return on assets or net assets, (xiii) return on investment, (xiv) economic value added, (xv) operating income or net operating income, (xvi) operating margin, (xvii) market
share, (xviii) overhead or other expense reduction, (xix) credit rating, (xx) objective customer indicators, (xxi) improvements in productivity, (xxii) attainment of objective operating goals, (xxiii) objective employee
metrics, (xxiv) return ratios, (xxv) objective qualitative milestones, or (xxvi) other objective financial or other metrics relating to the progress of the Company or to a Subsidiary, division or department thereof.

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