Document:

Employee Stock Purchase Plan, as amended and restated effective February 1, 2009

 Exhibit 10.3 
 ARIBA, INC. 
 EMPLOYEE
STOCK PURCHASE PLAN 
 ADOPTED EFFECTIVE
JUNE 23, 1999 
 AMENDED AND RESTATED
EFFECTIVE AUGUST 1, 2006 
 AMENDED AND
RESTATED EFFECTIVE FEBRUARY 1, 2009 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 SECTION 1. PURPOSE OF THE PLAN
	  	 	1	  
		
	 SECTION 2. ADMINISTRATION OF THE PLAN
	  	 	1	  
	 (a)    Committee Composition
	  	 	1	  
	 (b)    Committee Responsibilities
	  	 	1	  
		
	 SECTION 3. STOCK OFFERED UNDER THE PLAN
	  	 	1	  
	 (a)    Authorized Shares
	  	 	1	  
	 (b)    Anti-Dilution Adjustments
	  	 	1	  
	 (c)    Reorganizations
	  	 	1	  
		
	 SECTION 4. ENROLLMENT AND PARTICIPATION
	  	 	1	  
	 (a)    Offering Periods
	  	 	1	  
	 (c)    Enrollment
	  	 	1	  
	 (d)    Duration of Participation
	  	 	2	  
		
	 SECTION 5. EMPLOYEE CONTRIBUTIONS
	  	 	2	  
	 (a)    Commencement of Payroll Deductions
	  	 	2	  
	 (b)    Amount of Payroll Deductions
	  	 	2	  
	 (c)    Changing Withholding Rate
	  	 	2	  
		
	 SECTION 6. WITHDRAWAL FROM THE PLAN
	  	 	2	  
	 (a)    Withdrawal
	  	 	2	  
	 (b)    Re-Enrollment After Withdrawal
	  	 	2	  
		
	 SECTION 7. CHANGE IN EMPLOYMENT STATUS
	  	 	3	  
	 (a)    Termination of Employment
	  	 	3	  
	 (b)    Leave of Absence
	  	 	3	  
	 (c)    Death
	  	 	3	  
		
	 SECTION 8. PLAN ACCOUNTS AND PURCHASE OF SHARES
	  	 	3	  
	 (a)    Plan Accounts
	  	 	3	  
	 (b)    Purchase Price
	  	 	3	  
	 (c)    Number of Shares Purchased
	  	 	3	  
	 (d)    Available Shares Insufficient
	  	 	3	  
	 (e)    Issuance of Stock
	  	 	3	  
	 (f)     Tax Withholding
	  	 	4	  
	 (g)    Unused Cash Balances
	  	 	4	  
		
	 SECTION 9. LIMITATIONS ON STOCK OWNERSHIP
	  	 	4	  
	 (a)    Five Percent Limit
	  	 	4	  
	 (b)    Dollar Limit
	  	 	4	  
		
	 SECTION 10. RIGHTS NOT TRANSFERABLE
	  	 	4	  
		
	 SECTION 11. NO RIGHTS AS AN EMPLOYEE
	  	 	4	  
		
	 SECTION 12. NO RIGHTS AS A STOCKHOLDER
	  	 	5	  
		
	 SECTION 13. SECURITIES LAW REQUIREMENTS.
	  	 	5	  
		
	 SECTION 14. AMENDMENT OR DISCONTINUANCE
	  	 	5	  

  
 i 

					
		
	 SECTION 15. DEFINITIONS
	  	 	5	  
	 (a)    Board
	  	 	5	  
	 (b)    Code
	  	 	5	  
	 (c)    Committee
	  	 	5	  
	 (d)    Company
	  	 	5	  
	 (e)    Compensation
	  	 	5	  
	 (f)     Corporate Reorganization
	  	 	5	  
	 (g)    Eligible Employee
	  	 	5	  
	 (h)    Exchange Act
	  	 	6	  
	 (i)     Fair Market Value
	  	 	6	  
	 (j)     Offering Period
	  	 	6	  
	 (k)    Participant
	  	 	6	  
	 (l)     Participating Company
	  	 	6	  
	 (m)   Plan
	  	 	6	  
	 (n)    Plan Account
	  	 	6	  
	 (o)    Purchase Price
	  	 	6	  
	 (p)    Stock
	  	 	6	  
	 (q)    Subsidiary
	  	 	6	  

  
 ii 

 ARIBA, INC. 

EMPLOYEE STOCK PURCHASE PLAN 

 

	 SECTION 1. 
	PURPOSE OF THE PLAN. 

 The Board adopted the Plan
effective as of June 23, 1999, and most recently amended and restated the Plan effective as of February 1, 2009. The purpose of the Plan is to provide Eligible Employees with an opportunity to increase their proprietary interest in the
success of the Company by purchasing Stock from the Company on favorable terms and to pay for such purchases through payroll deductions. The Plan is intended to qualify for favorable tax treatment under section 423 of the Code. 

 

	 SECTION 2. 
	ADMINISTRATION OF THE PLAN. 

 (a) Committee
Composition. The Committee shall administer the Plan. The Committee shall consist exclusively of one or more members of the Board, who shall be appointed by the Board. 
 (b) Committee Responsibilities. The Committee shall interpret the Plan and make all other policy decisions relating to the operation of the Plan. The Committee may adopt such rules, guidelines and
forms as it deems appropriate to implement the Plan. The Committee’s determinations under the Plan shall be final and binding on all persons. 
  

	 SECTION 3. 
	STOCK OFFERED UNDER THE PLAN. 

 (a) Authorized
Shares. The number of shares of Stock available for purchase under the Plan shall be 7,166,666 (subject to adjustment pursuant to Subsection (b) below).1 
 (b) Anti-Dilution Adjustments. The aggregate number of shares of Stock offered under the Plan and the 1,000-share limitation described in Section 8(c) shall be adjusted proportionately for any
increase or decrease in the number of outstanding shares of Stock resulting from a subdivision or consolidation of shares or the payment of a stock dividend, any other increase or decrease in such shares effected without receipt or payment of
consideration by the Company, the distribution of the shares of a Subsidiary to the Company’s stockholders, or a similar event. 
 (c) Reorganizations. Any other provision of the Plan notwithstanding, immediately prior to the effective time of a Corporate Reorganization, the Offering Period then in progress shall terminate and
shares shall be purchased pursuant to Section 8, unless the Plan is continued or assumed by the surviving corporation or its parent corporation. The Plan shall in no event be construed to restrict in any way the Company’s right to
undertake a dissolution, liquidation, merger, consolidation or other reorganization. 
  

	 SECTION 4. 
	ENROLLMENT AND PARTICIPATION. 

 (a) Offering
Periods. While the Plan is in effect, two Offering Periods shall commence in each calendar year. The Offering Periods shall consist of the six-month periods commencing on each February 1 and August 1. However, the Committee may
determine that the first Offering Period applicable to the Eligible Employees of a new Participating Company shall commence on any date specified by the Committee, provided that an Offering Period shall in no event be longer than 27 months.

 (b) Enrollment. In the case of any individual who qualifies as an Eligible Employee on the first day of any Offering
Period, he or she may elect to become a Participant on such day by filing the prescribed 
  

	1 	This number reflects adjustments for stock splits through January 31, 2009. It consists of the initial reserve of 1,333,333 shares, plus the automatic annual
increases specified by the Plan for years 2000 through 2005, plus the increase of 1,500,000 shares approved by the Board on January 15, 2009, subject to the approval of the stockholders at the 2009 annual meeting. 

 
enrollment form with the Company. The enrollment form shall be filed at the prescribed location not later than one business day prior to the first day of such Offering Period. 

(c) Duration of Participation. Once enrolled in the Plan, a Participant shall continue to participate in the Plan until he or
she: 
 (i) Withdraws from the Plan under Section 6(a); 

(ii) Reaches the end of the Offering Period in which his or her employee contributions were discontinued under
Section 9(b); or 
 (iii) Ceases to be an Eligible Employee. 

A Participant whose employee contributions were discontinued automatically under Section 9(b) shall automatically resume participation at the
beginning of the earliest Offering Period ending in the next calendar year, if he or she then is an Eligible Employee. In all other cases, a former Participant may again become a Participant, if he or she then is an Eligible Employee, by following
the procedure described in Subsection (b) above. 
  

	 SECTION 5. 
	EMPLOYEE CONTRIBUTIONS. 

 (a) Commencement of
Payroll Deductions. A Participant may purchase shares of Stock under the Plan solely by means of payroll deductions. Payroll deductions may commence on the first day of any Offering Period, provided that the Participant has filed the prescribed
enrollment form with the Company at the prescribed location at least one business day prior to the first day of such Offering Period. 
 (b) Amount of Payroll Deductions. An Eligible Employee shall designate on the enrollment form the portion of his or her Compensation that he or she elects to have withheld for the purchase of
Stock. Such portion shall be a whole percentage of the Eligible Employee’s Compensation, but not less than 1% nor more than 15%. 
 (c) Changing Withholding Rate. If a Participant wishes to change the rate of payroll withholding, he or she may do so by filing a new enrollment form with the Company at the prescribed location.
The new withholding rate may be effective on the first day of any Offering Period, provided that the Participant has filed the prescribed enrollment form with the Company at the prescribed location at least one business day prior to the first day of
such Offering Period. The new withholding rate shall be a whole percentage of the Eligible Employee’s Compensation, but not less than 1% nor more than 15%. A Participant shall not change the rate of payroll withholding or discontinue employee
contributions during an Offering Period, but the Participant may at any time withdraw from the Plan pursuant to Section 6(a). 
  

	 SECTION 6. 
	WITHDRAWAL FROM THE PLAN. 

 (a) Withdrawal.
A Participant may elect to withdraw from the Plan by filing the prescribed form with the Company at the prescribed location at any time before the last day of an Offering Period. As soon as reasonably practicable thereafter, payroll deductions shall
cease and the entire amount credited to the Participant’s Plan Account shall be refunded to him or her in cash, without interest. No partial withdrawals shall be permitted. 

(b) Re-Enrollment After Withdrawal. A former Participant who has withdrawn from the Plan shall not be a Participant until he or
she re-enrolls in the Plan under Section 4(b). Re-enrollment may be effective only at the commencement of an Offering Period. 

  
 2 

	 SECTION 7. 
	CHANGE IN EMPLOYMENT STATUS. 

 (a) Termination
of Employment. Termination of employment as an Eligible Employee for any reason, including death, shall be treated as an automatic withdrawal from the Plan under Section 6(a). (A transfer from one Participating Company to another shall not
be treated as a termination of employment.) 
 (b) Leave of Absence. For purposes of the Plan, employment shall not be
deemed to terminate when the Participant goes on a military leave, a sick leave or another bona fide leave of absence, if the leave was approved by the Company in writing. Employment, however, shall be deemed to terminate 90 days after the
Participant goes on a leave, unless a contract or statute guarantees his or her right to return to work. Employment shall be deemed to terminate in any event when the approved leave ends, unless the Participant immediately returns to work.

 (c) Death. In the event of the Participant’s death, the amount credited to his or her Plan Account shall be paid
to a beneficiary designated by him or her for this purpose on the prescribed form or, if none, to the Participant’s estate. Such form shall be valid only if it was filed with the Company at the prescribed location before the Participant’s
death. 
  

	 SECTION 8. 
	PLAN ACCOUNTS AND PURCHASE OF SHARES. 

 (a) Plan
Accounts. The Company shall maintain a Plan Account on its books in the name of each Participant. Whenever an amount is deducted from the Participant’s Compensation under the Plan, such amount shall be credited to the Participant’s
Plan Account. Amounts credited to Plan Accounts shall not be trust funds and may be commingled with the Company’s general assets and applied to general corporate purposes. No interest shall be credited to Plan Accounts. 

(b) Purchase Price. The Purchase Price for each share of Stock purchased at the close of an Offering Period shall be equal to 85%
of the Fair Market Value of such share on the last trading day in such Offering Period. 
 (c) Number of Shares
Purchased. As of the last day of each Offering Period, each Participant shall be deemed to have elected to purchase the number of shares of Stock calculated in accordance with this Subsection (c), unless the Participant has previously
elected to withdraw from the Plan in accordance with Section 6(a). The amount then in the Participant’s Plan Account shall be divided by the Purchase Price, and the number of shares that results shall be purchased from the Company with the
funds in the Participant’s Plan Account. The foregoing notwithstanding, no Participant shall purchase more than 1,000 shares of Stock with respect to any Offering Period nor more than the amounts of Stock set forth in Sections 3(a)
and 9(b). Any fractional share shall be rounded down to the next lower whole share. 
 (d) Available Shares
Insufficient. In the event that the aggregate number of shares that all Participants elect to purchase during an Offering Period exceeds the maximum number of shares remaining available for issuance under Section 3, then the number of
shares to which each Participant is entitled shall be determined by multiplying the number of shares available for issuance by a fraction. The numerator of such fraction is the number of shares that such Participant has elected to purchase, and the
denominator of such fraction is the number of shares that all Participants have elected to purchase. 
 (e) Issuance of
Stock. Certificates representing the shares of Stock purchased by a Participant under the Plan shall be issued to him or her as soon as reasonably practicable after the close of the applicable Offering Period, except that the Committee may
determine that such shares shall be held for each Participant’s benefit by a broker designated by the Committee (unless the Participant has elected that certificates be issued to him or her). Shares may be registered in the name of the
Participant or jointly in the name of the Participant and his or her spouse as joint tenants with right of survivorship or as community property. The Committee may impose such restrictions on the transfer or resale of issued shares as it may deem
advisable. 

  
 3 

 (f) Tax Withholding. To the extent required by applicable federal, state, local or
foreign law, a Participant 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 shares of Stock under the
Plan until such obligations are satisfied. 
 (g) Unused Cash Balances. Any amount remaining in the Participant’s
Plan Account that represents the Purchase Price for any fractional share, or for whole shares that could not be purchased by reason of Subsection (c) above, Section 3 or Section 9(b), shall be refunded to the Participant in cash,
without interest. 
  

	 SECTION 9. 
	LIMITATIONS ON STOCK OWNERSHIP. 

 (a) Five
Percent Limit. Any other provision of the Plan notwithstanding, no Participant shall be granted a right to purchase Stock under the Plan if such Participant, immediately after his or her election to purchase such Stock, would own stock
possessing more than 5% of the total combined voting power or value of all classes of stock of the Company or any parent or Subsidiary of the Company. For purposes of this Subsection (a), the following rules shall apply: 

(i) Ownership of stock shall be determined after applying the attribution rules of section 424(d) of the Code;

 (ii) Each Participant shall be deemed to own any stock that he or she has a right or option to purchase under
this or any other plan; and 
 (iii) Each Participant shall be deemed to have the right to purchase 1,000 shares
of Stock under this Plan with respect to each Offering Period. 
 (b) Dollar Limit. Any other provision of the Plan
notwithstanding, no Participant shall purchase Stock with a Fair Market Value in excess of (i) $25,000 minus (ii) the Fair Market Value of any Stock that the Participant previously purchased in the current calendar year (under this Plan
and all other employee stock purchase plans of the Company or any parent or Subsidiary of the Company). For all purposes under this Subsection (b), the Fair Market Value of Stock shall be determined as of the beginning of the Offering Period in
which such Stock is purchased. Employee stock purchase plans not described in Section 423 of the Code shall be disregarded. If a Participant is precluded by this Subsection (b) from purchasing additional Stock under the Plan, then his or
her employee contributions shall automatically be discontinued and shall automatically resume at the beginning of the last Offering Period that will commence in the current calendar year (if he or she then is an Eligible Employee). 

 

	 SECTION 10. 
	RIGHTS NOT TRANSFERABLE. 

 The rights of any
Participant under the Plan, or any Participant’s interest in any Stock or moneys to which he or she may be entitled under the Plan, shall not be transferable by voluntary or involuntary assignment or by operation of law, or in any other manner
other than by beneficiary designation or the laws of descent and distribution. If a Participant in any manner attempts to transfer, assign or otherwise encumber his or her rights or interest under the Plan, other than by beneficiary designation or
the laws of descent and distribution, then such act shall be treated as an election by the Participant to withdraw from the Plan under Section 6(a). 
  

	 SECTION 11. 
	NO RIGHTS AS AN EMPLOYEE. 

 Nothing in the Plan or
in any right granted under the Plan shall confer upon the Participant any right to continue in the employ of a Participating Company for any period of specific duration or interfere with or otherwise restrict in any way the rights of the
Participating Companies or of the Participant, which rights are hereby expressly reserved by each, to terminate his or her employment at any time and for any reason, with or without cause. 

  
 4 

	 SECTION 12. 
	NO RIGHTS AS A STOCKHOLDER. 

 A Participant shall
have no rights as a stockholder with respect to any shares of Stock that he or she may have a right to purchase under the Plan until such shares have been purchased on the last day of the applicable Offering Period. 

 

	 SECTION 13. 
	SECURITIES LAW REQUIREMENTS. 

 Shares of Stock shall
not be issued under the Plan unless the issuance and delivery of such shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations
promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. 

 

	 SECTION 14. 
	AMENDMENT OR DISCONTINUANCE. 

 The Board shall have
the right to amend, suspend or terminate the Plan at any time and without notice. Except as provided in Section 3, any increase in the aggregate number of shares of Stock that may be issued under the Plan shall be subject to the approval of the
Company’s stockholders. In addition, any other amendment of the Plan shall be subject to the approval of the Company’s stockholders to the extent required by any applicable law or regulation. 

 

	 SECTION 15. 
	DEFINITIONS. 

 (a) “Board” means
the Board of Directors of the Company, as constituted from time to time. 
 (b) “Code” means the Internal
Revenue Code of 1986, as amended. 
 (c) “Committee” means a committee of the Board, as described in
Section 2. 
 (d) “Company” means Ariba, Inc., a Delaware corporation. 

(e) “Compensation” means (i) the total compensation paid in cash to a Participant by a Participating Company,
including salaries, wages, bonuses, incentive compensation, commissions, overtime pay and shift premiums, plus (ii) any pre-tax contributions made by the Participant under section 401(k) or 125 of the Code. “Compensation” shall
exclude all non-cash items, moving or relocation allowances, cost-of-living equalization payments, car allowances, tuition reimbursements, imputed income attributable to cars or life insurance, severance pay, fringe benefits, contributions or
benefits received under employee benefit plans, income attributable to the exercise of stock options, and similar items. The Committee shall determine whether a particular item is included in Compensation. 

(f) “Corporate Reorganization” means: 

(i) The consummation of a merger or consolidation of the Company with or into another entity or any other corporate
reorganization; or 
 (ii) The sale, transfer or other disposition of all or substantially all of the
Company’s assets or the complete liquidation or dissolution of the Company. 
 (g) “Eligible Employee”
means any employee of a Participating Company if his or her customary employment is for more than five months per calendar year and for more than 20 hours per week. The foregoing notwithstanding, an individual shall not be considered an Eligible
Employee if his or her participation in the Plan is prohibited by the law of any country that has jurisdiction over him or her or if he or she is subject to a collective bargaining agreement that does not provide for participation in the Plan.

  
 5 

 (h) “Exchange Act” means the Securities Exchange Act of 1934, as amended.

 (i) “Fair Market Value” means the price at which Stock was last sold in the principal U.S. market for Stock
on the applicable date or, if the applicable date was not a trading day, on the last trading day prior to the applicable date. If Stock is no longer traded on a public U.S. securities market, the Fair Market Value shall be determined by the
Committee in good faith on such basis as it deems appropriate. The Committee’s determination shall be conclusive and binding on all persons. 
 (j) “Offering Period” means a period with respect to which the right to purchase Stock may be granted under the Plan, as determined pursuant to Section 4(a). 

(k) “Participant” means an Eligible Employee who participates in the Plan, as provided in Section 4. 

(l) “Participating Company” means (i) the Company and (ii) each present or future Subsidiary designated by
the Committee as a Participating Company. 
 (m) “Plan” means this Ariba, Inc. Employee Stock Purchase Plan,
as it may be amended from time to time. 
 (n) “Plan Account” means the account established for each
Participant pursuant to Section 8(a). 
 (o) “Purchase Price” means the price at which Participants may
purchase Stock under the Plan, as determined pursuant to Section 8(b). 
 (p) “Stock” means the Common
Stock of the Company. 
 (q) “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. 

  
 6Compensation Program for Non-Employee Directors

 Exhibit 10.30 
 ARIBA, INC. COMPENSATION PROGRAM FOR NON-EMPLOYEE DIRECTORS 

AMENDED AND RESTATED EFFECTIVE OCTOBER 1, 2011

  

	A.	Cash Compensation 

  

	 	1.	Board retainer: $50,000 per year, paid in quarterly installments. 

  

	 	2.	Lead Independent Director retainer: $30,000 per year, paid in quarterly installments. 

 

	 	3.	Committee chair retainer: $15,000 per year for the Audit Committee chair, $15,000 per year for the Compensation Committee chair, and $5,000 per year for the Corporate
Governance and Nominating Committee chair, paid in quarterly installments. 

  

	 	4.	Committee meeting fee: For each committee meeting in excess of 24 total committee meetings during a fiscal year, payment of $1,500 for each such meeting in excess of
24, paid quarterly. 

  

	B.	Equity Compensation 

  

	 	1.	Annual restricted stock unit grant: restricted stock units with a fair market value of $220,000, as calculated in accordance with Part C below. All of the units
vest on the first anniversary of the grant, with immediate full vesting in the event of a change in control. The units will be settled by issuing shares on the first permissible trading day after they vest, unless a deferral program is adopted. The
units will be granted by the Compensation Committee under the EIP in conjunction with the Annual Meeting of stockholders. For new directors in their first year of directorship, the grant for the first year of service shall be made when service
commences. The units shall vest on the same date as the units granted to the continuing directors during that period. The fair market value of this grant shall be prorated based upon the amount of time to be served from the grant date until the
vesting date. 

  

	 	2.	Voluntary exchange of cash retainers and meeting fees for stock options, shares or units, as contemplated by Article 13 of the EIP: 

 

	 	(a)	An election to exchange cash for options, shares or units must be made in writing, must be filed with the Company before the first day of the first quarter to which the
election applies and must remain in effect until revoked or amended in writing. 

  

	 	(b)	Any amendment or revocation of an election must be filed with the Company before the first day of the first quarter to which it applies. 

 

	 	(c)	An election to exchange cash for options, shares or units may apply to all or any part (but not less than 50%) of the cash compensation earned during each period to
which the election applies. 

  

	 	(d)	The options, shares or units will automatically be granted as of the last day of the quarter for which the cash compensation would have been paid, absent the
director’s election. 

  

	 	(e)	For purposes of the exchange of cash for options, the value of the options will be calculated as of the date of grant by applying the formula and assumptions used by
the Company’s independent auditors in preparing the Company’s financial statements. 

  

	 	(f)	For purposes of the exchange of cash for shares or units, the fair market value of the shares will be calculated in accordance with Part C below.

  

	 	(g)	The options will have an exercise price per share equal to 100% of the fair market value per share of the Company’s Common Stock on the date of grant.

  

	 	(h)	The term of the options will be 10 years, except that they will terminate 12 months after the director’s service terminates for any reason.

  

	 	(i)	The options will be immediately exercisable and fully vested. 

  

	 	(j)	The shares or units will be fully vested. 

	C.	Calculation of Fair Market Value of Shares 

 Whenever the fair market value of shares of the Company’s Common Stock is to be calculated for purposes of granting restricted shares or restricted stock units under this program, the fair market
value will be deemed to be equal to the average of the closing prices of the Company’s Common Stock on the 30 consecutive trading days immediately preceding the date of grant.

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