Document:

Employment Agreement - William A. Roper, Jr.

 EXHIBIT 10.39 
 

 
 November 26, 2007 
 William A. Roper, Jr. 
 Executive Employment Agreement 
 Dear Bill: 
 On behalf of VeriSign, Inc. (“VeriSign” or the “Company”), we
are pleased to offer you this Executive Employment Agreement effective May 27, 2007 (the “Effective Date” or “Hire Date”) on the terms set forth below (this “Employment
Agreement”). 
 1. Position. As of the Effective Date, you will serve as President and Chief Executive Officer
until termination pursuant to Section 6. You will remain a member of VeriSign’s Board of Directors (the “Board”) for so long as you are VeriSign’s President and Chief Executive Officer and are elected to the
Board by VeriSign’s stockholders. You will have overall responsibility for the management of VeriSign and report directly to the Board. You will be expected to devote your full working time and attention to the business of VeriSign, and you
will not render services to any other business without the prior approval of the Board or, directly or indirectly, engage or participate in any business that is competitive in any manner with the business of VeriSign. 
 2. Base Salary. Your annual base salary will be $750,000 (less such payroll deductions and withholdings as are required by
law); payable in bi-weekly installments in accordance with VeriSign’s normal payroll practices (your “Base Salary”). This annual Base Salary shall be prorated for 2007 based on your Hire Date. The Compensation Committee
of the Board will review your Base Salary on an annual basis and may, in its sole discretion, increase such Base Salary upon evaluation of a variety of factors, including, but not limited to your performance and market practices. 
 3. Annual Performance Bonus. Your annual performance bonus (“Annual Performance Bonus”) will be determined by the
Compensation Committee of the Board in accordance with the VeriSign Performance Plan, a cash bonus incentive plan. Your Annual Performance Bonus, if any, will be payable upon your attainment of one or more performance goals in accordance with the
VeriSign Performance Plan. Your target Annual Performance Bonus will be 100% of your Base Salary. Your maximum Annual Performance Bonus will be no greater than 200% of your then-current Base Salary. This Annual Performance Bonus shall be prorated
for 2007 based on your Hire Date. The Annual Performance Bonus (if any) is expected to be paid to you on or around March 15th of the year following the year in which you perform services with respect to such Annual Performance Bonus. The timing
of payment of the Annual Performance Bonus is subject to change. 

 4. Equity Compensation. 
  

	 	a.	Sign-On Equity Awards. 

  

	 	i.	Sign-On Stock Option. In connection with the commencement of your employment, the Compensation Committee of the Board granted to you a non-qualified stock option to
acquire 158,227 shares of VeriSign’s common stock (the “Sign-On Option”). The Sign-On Option was granted to you on August 7, 2007 at an exercise price of $29.63 per share. The Sign-On Option shall vest
in equal installments on each quarterly anniversary of the date of grant of the Sign-On Option over the three years from the date of grant; provided that you remain continuously employed by VeriSign at all times during the relevant quarter.
Notwithstanding the foregoing, if (i) your employment is terminated by VeriSign without “Cause” (as defined below) and (ii) you deliver to VeriSign a signed termination release agreement in the form attached hereto as
Exhibit A (the “Release”) and satisfy all conditions to make the Release effective, the vesting and exercisability of the then-unvested shares of your Sign-On Option shall accelerate in full. Your Sign-On
Option and the issuance of the underlying VeriSign common stock will be subject to the terms and conditions of the VeriSign, Inc. 2006 Equity Incentive Plan (the “VeriSign 2006 Plan”) and your Sign-On Option Agreement
attached hereto as Exhibit B and shall have a term of ten years. 

  

	 	ii.	Sign-On Restricted Stock Unit (RSU) Award. In connection with the commencement of your employment, the Compensation Committee of the Board granted to you restricted
stock units to acquire 110,375 shares of VeriSign’s common stock (the “Sign-On RSU Award”). The Sign-On RSU Award was granted to you on August 7, 2007. The Sign-On RSU Award shall vest in equal
installments on each quarterly anniversary of the date of grant of the Sign-On RSU Award over the three years from the date of grant; provided that you remain continuously employed by VeriSign at all times during the relevant quarter.
Notwithstanding the foregoing, if (i) your employment is terminated by VeriSign without “Cause” (as defined below) and (ii) you deliver to VeriSign a signed Release and satisfy all conditions to make the Release effective, the
vesting of the then-unvested shares of your Sign-On RSU Award shall accelerate in full. Your Sign-On RSU Award and the issuance of the underlying VeriSign common stock will be subject to the terms and conditions of the VeriSign 2006 Plan and your
Sign-On RSU Award Agreement attached hereto as Exhibit C. VeriSign shall distribute the shares underlying the Sign-On RSU Award (less applicable deductions and withholdings) to you within 30 days following the date on which such
Sign-On RSU Award vests. 

  

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	 	b.	First-Year Equity Awards. 

  

	 	i.	First-Year Stock Option. The Compensation Committee of the Board granted to you a non-qualified stock option to acquire 210,970 shares of VeriSign’s
common stock (the “First-Year Option”). The First-Year Option was granted to you on August 7, 2007 at an exercise price of $29.63 per share. The First-Year Option shall vest in equal installments on each quarterly
anniversary of the date of grant of the First-Year Option over the three years from the date of grant; provided that you remain continuously employed by VeriSign at all times during the relevant quarter. Your First-Year Option and the issuance of
the underlying VeriSign common stock will be subject to the terms and conditions of the VeriSign 2006 Plan and your First-Year Option Agreement attached hereto as Exhibit D and shall have a term of ten years. 

 

	 	ii.	First-Year RSU Award. The Compensation Committee of the Board granted to you restricted stock units to acquire 88,300 shares of VeriSign’s common
stock (the “First-Year RSU Award”). The First-Year RSU Award was granted to you on August 7, 2007. The First-Year RSU Award shall vest as follows: (i) if the performance criteria specified in the First-Year RSU
Award are achieved, the First-Year RSU Awards shall vest in full on the third anniversary of the date of grant of the First-Year RSU Award or (ii) if the performance criteria specified in the First-Year RSU Award are not achieved, 50% of the
First-Year RSU Award shall vest on the fourth anniversary of the date of grant of the First-Year RSU Award and 50% of the First-Year RSU Award shall be forfeited; provided, however, that in each case the vesting is also subject to your remaining
continuously employed by VeriSign on each vesting date. Your First-Year RSU Award and the issuance of the underlying VeriSign common stock will be subject to the terms and conditions of the VeriSign 2006 Plan and your First-Year Performance Based
RSU Award Agreement attached hereto as Exhibit E. VeriSign shall distribute the shares underlying the First-Year RSU Award (less applicable deductions and withholdings) to you within 30 days following the date on which such First-Year
RSU Award vests. 

  

	 	c.	Future Equity Awards. The Compensation Committee of the Board, in its sole discretion upon evaluation of your performance and other factors that it deems appropriate,
shall consider granting to you additional annual equity awards (“Additional Equity Awards”). The Additional Equity Awards (if any) shall be granted under the VeriSign 2006 Plan or under such other then existing shareholder
approved equity compensation plan. The Compensation Committee of the Board will determine the vesting schedule and other terms of any Additional Equity Awards on the date of grant. 

  

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 5. Other Benefits. You will be eligible to receive all benefits that are offered to
VeriSign senior executives, such as medical, dental and vision insurance coverage, subject of course to any eligibility requirements imposed by any third party insurance provider. You will be eligible for Paid Time Off (“PTO”) subject to
VeriSign’s PTO policy. New employees currently receive 18 days of paid time off per year in addition to 11 paid holidays per year. VeriSign’s benefits offerings and PTO policy are subject to change. 
 6. Employment and Termination. Your employment with VeriSign will be at-will and may be terminated by you or by the Board (with or without
“Cause” (as defined below)) at any time for any reason as follows: 
  

	 	a.	You may terminate your employment upon written notice to the Board at any time in your discretion; 

  

	 	b.	VeriSign may terminate your employment upon written notice to you at any time following a determination by the Board that there is “Cause,” as defined below, for such
termination; 

  

	 	c.	VeriSign may terminate your employment upon written notice to you at any time without Cause for such termination; or 

  

	 	d.	Your employment will automatically terminate upon your death or upon your disability as determined by the Board; provided that “disability” shall mean your complete
inability to perform your job responsibilities for a period of 180 consecutive days or 180 days in the aggregate in any twelve-month period. 

 For purposes of this Employment Agreement, “Cause” means (i) your willful and continued failure to substantially perform your duties after written notice providing you with ninety (90) days from the date of
your receipt of such notice in which to cure; (ii) conviction of (or plea of guilty or no contest to) you for a felony involving moral turpitude; (iii) your willful misconduct or gross negligence resulting in material harm to the Company;
or (iv) your willful violation of the Company’s policies resulting in material harm to the Company. 
 7. Change of
Control. The terms and conditions of the Change of Control and Retention Agreement For Chief Executive Officer entered into by you and VeriSign effective as of August 24, 2007 (the “Change of Control Agreement”)
shall apply in lieu of other provisions in this Employment Agreement if a Change-in-Control (as defined in the Change of Control Agreement) occurs. 
 8. Indemnification. You shall receive indemnification against certain liabilities you may incur as an officer or director of VeriSign pursuant to the Indemnity Agreement entered into by you and VeriSign on August 22,
2007. 
 9. Confidentiality & Assignment of Inventions. You and the Company shall enter into the standard form of
Assignment of Inventions, Non-Disclosure & Nonsolicitation Agreement attached hereto as Exhibit F. 
 10.
Company Policies. You agree to comply with and be bound by the Company’s operating policies, procedures and practices that are from time to time in effect during the term of your employment, including, but not limited to, the
VeriSign Code of Ethics & Business Conduct and the VeriSign Securities Trading Policy. 
  

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 11. Miscellaneous. 
  

	 	a.	Absence of Conflicts. You represent that as of the Effective Date your performance of your duties under this Employment Agreement will not breach any other agreement
as to which you are a party. 

  

	 	b.	Successors. This Employment Agreement is binding on and may be enforced by VeriSign and its successors and assigns and is binding on and may be enforced by you and
your heirs and legal representatives. Any successor to VeriSign of substantially all of its business (whether by purchase, merger, consolidation or otherwise) will in advance assume in writing and be bound by all of VeriSign’s obligations under
this Employment Agreement. 

  

	 	c.	Notices. For purposes of this Employment Agreement, notices and all other communications provided for in the Employment Agreement shall be in writing and shall be
deemed to have been duly given when delivered or sent by mail or courier with appropriate evidence of mailing or delivery to the courier. 

  

			
	 if to the Company:
	  	 VeriSign, Inc.

		  	 487 East Middlefield Road

		  	 Mountain View, CA 94043

		  	 Attn: General Counsel

		  	
	 if to you:
	  	 William A. Roper, Jr.

		  	

 Either party may provide the other with notices of change of address, which shall be effective upon
receipt. 
  

	 	d.	Amendment; Waiver. No provision of this Employment Agreement will be modified or waived except in writing signed by you and an officer of VeriSign duly authorized by
its Board. No waiver by either party of any breach of this Employment Agreement by the other party will be considered a waiver of any other breach of this Employment Agreement. 

  

	 	e.	Entire Agreement. This Employment Agreement and the Change of Control Agreement represent the entire agreement between us concerning the subject matter of your
employment by VeriSign. 

  

	 	f.	Governing Law. This Employment Agreement will be governed by the laws of the State of California without reference to conflict of laws provisions. Any claim, dispute
or controversy arising out of this Employment Agreement, the interpretation, validity or enforceability of this Employment Agreement or the alleged breach thereof shall be subject to the exclusive jurisdiction of the state and federal courts in
Santa Clara County California. 

  

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	 	g.	Withholding Taxes; Section 409A. All payments made under this Employment Agreement shall be subject to reduction to reflect all federal, state, local and
other taxes required to be withheld by applicable law. Notwithstanding any provision to the contrary, to the extent (i) any payments to which you become entitled under this Employment Agreement, or any agreement or plan referenced herein, in
connection with your termination of employment with the Company constitute deferred compensation subject to Section 409A of the Code, and (ii) you are deemed at the time of such termination of employment to be a “specified”
employee under Section 409A of the Code, then such payment shall not be made or commence until the earliest of (i) the expiration of the six (6)-month period measured from the date of your “separation from service” (as
such term is at the time defined in Treasury Regulations under Section 409A of the Code) with the Company; (ii) the date of your disability (as defined in the Code); or (iii) the date of your death following such separation from
service; provided, however, that such deferral shall only be effected to the extent required to avoid adverse tax treatment to you, including (without limitation) the additional twenty percent (20%) tax for which you would
otherwise be liable under Section 409A(a)(1)(B) of the Code in the absence of such deferral. Upon the expiration of the applicable deferral period, any payments which would have otherwise been made during that period (whether in a single sum or
in installments) in the absence of this paragraph shall be paid to you or your beneficiary in one lump sum. 

 Bill, we are very pleased to
extend this Employment Agreement to you. Please indicate your acceptance of the terms of this Employment Agreement by signing in the place indicated below. 
  

	
	Very truly yours,
	
	/s/ D. James Bidzos
	 D. James Bidzos
 Chairman of the Board of Directors of

 VeriSign Inc.

  

	
	Accepted and Agreed:
	
	/s/ William A. Roper, Jr.
	William A. Roper, Jr.
	
	Date: December 3, 2007

  

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 EXHIBIT A 
 TERMINATION RELEASE AGREEMENT 
 As required by the Employment Agreement,
dated            , 2007, between you and VeriSign, Inc., a Delaware corporation (the “Employment Agreement”) to which this Termination Release Agreement
(the “Agreement”) is attached as Exhibit A, this Agreement sets forth below your waiver and release of claims in favor of VeriSign, Inc., and its officers, directors, employees, agents, representatives,
subsidiaries, divisions, affiliated companies, successors, and assigns (collectively, the “Company”) in exchange for the consideration provided for under the terms of the Employment Agreement. 
  

	1.	General Release and Waiver of Claims. 

  

	 	(a)	The payments set forth in the Employment Agreement fully satisfy any and all accrued salary, vacation pay, bonus and commission pay, stock-based compensation, profit sharing,
termination benefits or other compensation to which you may be entitled by virtue of your employment with the Company or your termination of employment. You acknowledge that you have no claims and have not filed any claims against the Company based
on your employment with or the separation of your employment with the Company. 

  

	 	(b)	To the fullest extent permitted by law, you hereby release and forever discharge the Company, its successors, subsidiaries and affiliates, directors, shareholders, current
and former officers, agents and employees (all of whom are collectively referred to as “Releasees”) from any and all existing claims, demands, causes of action, damages and liabilities, known or unknown, that you ever had,
now have or may claim to have had arising out of or relating in any way to your employment or non-employment with the Company through the Effective Date of this Agreement (as defined in Section 11), including, without limitation, claims based
on any oral, written or implied employment agreement, claims for wages, bonuses, commissions, stock-based compensation, expense reimbursement, and any claims that the terms of your employment with the Company, or the circumstances of your
separation, were wrongful, in breach of any obligation of the Company or in violation of any of your rights, contractual, statutory or otherwise. Each of the Releasees is intended to be a third party beneficiary of this General Release and Waiver of
Claims. 

  

	 	(i)	Release of Statutory and Common Law Claims. Such rights include, but are not limited to, your rights under the following federal and state statutes: the Employee
Retirement Income Security Act (ERISA) (regarding employee benefits); the Occupational Safety and Health Act (safety matters); the Family and Medical Leave Act of 1993; the Worker Adjustment and Retraining Act (WARN) (notification requirements for
employers who are curtailing or closing an operation) and common law; tort; wrongful discharge; public policy; workers’ compensation retaliation; tortious interference with contractual relations, misrepresentation, fraud, loss of consortium;
slander, libel, defamation, intentional or negligent infliction of emotional distress; claims for wages, bonuses, commissions, stock-based compensation or fringe benefits; vacation pay; sick pay; insurance reimbursement, medical expenses, and the
like. 

  

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	 	(ii)	Release of Discrimination Claims. You understand that various federal, state and local laws prohibit age, sex, race, disability, benefits, pension, health and other
forms of discrimination, harassment and retaliation, and that these laws can be enforced through the U.S. Equal Employment Opportunity Commission, the National Labor Relations Board, the Department of Labor, and similar state and local agencies and
federal and state courts. You understand that if you believe your treatment by the Company violated any laws, you have the right to consult with these agencies and to file a charge with them. Instead, you have decided voluntarily to enter into this
Agreement, release the claims and waive the right to recover any amounts to which you may have been entitled under such laws, including but not limited to, any claims you may have based on age or under the Age Discrimination in Employment Act of
1967 (ADEA; 29 U.S.C. Section 621 et. seq.) (age); the Older Workers Benefit Protection Act (OWBPA) (age); Title VII of the Civil Rights Act of 1964 (race, color, religion, national origin or sex); the 1991 Civil Rights Act; the Vocational
Rehabilitation Act of 1973 (disability); The Americans with Disabilities Act of 1990 (disability); 42 U.S.C. Section 1981, 1986 and 1988 (race); the Equal Pay Act of 1963 (prohibits pay differentials based on sex); the Immigration Reform and
Control Act of 1986; Executive Order 11246 (race, color, religion, sex or national origin); Executive Order 11141 (age); Vietnam Era Veterans Readjustment Assistance Act of 1974 (Vietnam era veterans and disabled veterans); and California state
statutes and local laws of similar effect. 

  

	 	(iii)	Releasees and you do not intend to release claims which you may not release as a matter of law (including, but not limited to, indemnification claims under applicable law).
To the fullest extent permitted by law, any dispute regarding the scope of this general release shall be determined by an arbitrator under the procedures set forth below. 

  

	2.	Waiver of Unknown Claims. You expressly waive any benefits of Section 1542 of the Civil Code of the State of California (and any other laws of similar effect),
which provides: 

 “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN
HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” 
  

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	3.	Covenant Not to Sue. 

  

	 	(a)	To the fullest extent permitted by law, you agree that you will not now or at any time in the future pursue any charge, claim, or action of any kind, nature and character
whatsoever against any of the Releasees, or cause or knowingly permit any such charge, claim or action to be pursued, in any federal, state or municipal court, administrative agency, arbitral forum, or other tribunal, arising out of any of the
matters covered by paragraphs 1 and 2 above. 

  

	 	(b)	You further agree that you will not pursue, join, participate, encourage, or directly or indirectly assist in the pursuit of any legal claims against the Releasees, whether
the claims are brought on your own behalf or on behalf of any other person or entity. 

  

	 	(c)	Nothing herein prohibits you from: (1) providing truthful testimony in response to a subpoena or other compulsory legal process, and/or (2) filing a charge or
complaint with a government agency such as the Equal Employment Opportunity Commission, the National Labor Relations Board or applicable state anti-discrimination agency although you hereby waive any right you may have to recover any damages or
other compensation arising from any such charge or complaint. 

  

	4.	Review of Agreement. You may take up to twenty-one (21) days from the date you receive this Agreement, to consider whether to sign this Agreement. By signing
below, you affirm that you were advised to consult with an attorney before signing this Agreement and were given ample opportunity to do so. You understand that this Agreement will not become effective until you return the original of this
Agreement, properly signed by you, to the Company, Attention: General Counsel, and after expiration of the revocation period without revocation by you. 

  

	5.	Revocation of Agreement. You acknowledge and understand that you may revoke this Agreement by providing a written notice of revocation to Attention: General Counsel at
487 E. Middlefield Road, Mountain View, CA 94043 any time up to seven (7) days after you sign it. After the revocation period has passed, however, you may no longer revoke your Agreement. 

  

	6.	Entire Agreement. This Agreement and the Employment Agreement are the entire agreement between you and the Company with respect to the subject matter herein and
supersede all prior negotiations and agreements, whether written or oral, relating to this subject matter. You acknowledge that neither the Company nor its agents or attorneys, made any promise or representation, express or implied, written or oral,
not contained in this Agreement to induce you to execute this Agreement. You acknowledge that you have signed this Agreement voluntarily and without coercion, relying only on such promises, representations and warranties as are contained in this
document and understand that you do not waive any right or claim that may arise after the date this Agreement becomes effective. 

  

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	7.	Modification. By signing below, you acknowledge your understanding that this Agreement may not be altered, amended, modified, or otherwise changed in any respect
except by another written agreement that specifically refers to this Agreement, executed by your and the Company’s authorized representatives. 

  

	8.	Governing Law. This Agreement is governed by, and is to be interpreted according to, the laws of the State of California. Any claim, dispute or controversy arising out
of this Agreement, the interpretation, validity or enforceability of this Agreement or the alleged breach thereof shall be subject the exclusive jurisdiction of the state and federal courts in Santa Clara County California. 

 

	9.	Savings and Severability Clause. Should any court, arbitrator or government agency of competent jurisdiction declare or determine any of the provisions of this
Agreement to be illegal, invalid or unenforceable, the remaining parts, terms or provisions shall not be affected thereby and shall remain legal, valid and enforceable. Further, if a court, arbitrator or agency concludes that any claim under
paragraph 1 above may not be released as a matter of law, the General Release in paragraph 1 and the Waiver Of Unknown Claims in paragraph 2 shall otherwise remain effective as to any and all other claims. 

  

	10.	Effective Date. The effective date of this Agreement shall be the eighth day following the date this Agreement was signed, without having been revoked within seven
(7) days thereafter, by you. 

 PLEASE SIGN THIS AGREEMENT NO EARLIER THAN YOUR FINAL DAY OF EMPLOYMENT (“TERMINATION DATE”)
AND RETURN IT TO ATTENTION OF THE GENERAL COUNSEL AT THE COMPANY. 
 PLEASE REVIEW CAREFULLY. THIS AGREEMENT CONTAINS A 
 RELEASE OF KNOWN AND UNKNOWN CLAIMS. 
 REVIEWED, UNDERSTOOD AND AGREED: 
  

									
				
	 	 		 	Date:	 	 
	Name	 		 		 	

 DO NOT SIGN PRIOR TO THE TERMINATION DATE 
  

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 EXHIBIT B 
 SIGN-ON OPTION AGREEMENT 
 VERISIGN, INC. 
 2006 EQUITY INCENTIVE PLAN 
 STOCK OPTION AGREEMENT 
 This Stock Option Agreement (this “Agreement”) is made and entered
into as of the Date of Grant set forth below (the “Date of Grant”) by and between VeriSign, Inc., a Delaware corporation (the “Company”), and the Optionee named below
(“Optionee”). Capitalized terms not defined herein shall have the meaning ascribed to them in the Company’s 2006 Equity Incentive Plan (the “Plan”). 
  

			
	Optionee:	  	William A. Roper, Jr.
		
	Total Option Shares:	  	158,227
		
	Exercise Price Per Share:	  	$29.63
		
	Date of Grant:	  	August 7, 2007
		
	First Vesting Date:	  	First quarterly anniversary of the Date of Grant (11/7/07)
		
	Expiration Date:	  	August 7, 2017
		
		  	(unless earlier terminated under Section 3 hereof)
		
	Type of Stock Option:	  	Nonqualified Stock Option (“NQSO”)

 1. Grant of Option. The Company hereby grants to Optionee a
nonqualified stock option (this “Option”) to purchase up to the total number of shares of Common Stock of the Company set forth above as Total Option Shares (collectively, the “Shares”) at the Exercise
Price Per Share set forth above (the “Exercise Price”), subject to all of the terms and conditions of this Agreement and the Plan. 
 2. Vesting; Exercise Period. 
 2.1 Vesting of Shares. This
Option shall be exercisable as it vests. Subject to the terms and conditions of the Plan and this Agreement, this Option shall vest and become exercisable as to portions of the Shares as follows: (a) this Option shall not be exercisable with
respect to any of the Shares until the First Vesting Date set forth above; (b) if Optionee has continuously provided services to the Company, or any Parent or Subsidiary of the Company, then on the First Vesting Date, this Option shall become
exercisable as to 8.33% of the Shares; and (c) thereafter this Option shall become exercisable as to an additional 8.33% of the Shares on each quarterly anniversary of the First Vesting Date, provided that Optionee has continuously provided
services to the Company, or any Parent or Subsidiary of the Company, at all times during the relevant quarter. This Option shall cease to vest upon Optionee’s Termination and Optionee shall in no event be entitled under this Option to purchase
a number of shares of the Company’s Common Stock greater than the “Total Option Shares.” 
  

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 2.2 Vesting of Options. Shares that are vested pursuant to the schedule set forth
in Section 2.1 hereof are “Vested Shares.” Shares that are not vested pursuant to the schedule set forth in Section 2.1 hereof are “Unvested Shares.” 
 2.3 Expiration. This Option shall expire on the Expiration Date set forth above and must be exercised, if at all, on or before the
earlier of the Expiration Date or the date on which this Option is earlier terminated in accordance with the provisions of Section 3 hereof. 
 3. Termination. 
 3.1 Termination for Any Reason Except Death,
Disability or Cause. If Optionee is Terminated for any reason except Optionee’s death, Disability or Cause, then this Option, to the extent (and only to the extent) that it is vested in accordance with the schedule set forth in
Section 2.1 hereof on the Termination Date, may be exercised by Optionee no later than three (3) months after the Termination Date, but in any event no later than the Expiration Date. 
 3.2 Termination Because of Death or Disability. If Optionee is Terminated because of death or Disability
of Optionee (or the Optionee dies within three (3) months after Termination other than for Cause or because of Disability), then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 hereof
on the Termination Date, may be exercised by Optionee (or Optionee’s legal representative or authorized assignee) no later than twelve (12) months after the Termination Date, but in any event no later than the Expiration Date. Any exercise
after three (3) months after the Termination Date when the Termination is for any reason other than Optionee’s death or disability, within the meaning of Code Section 22(e)(3), shall be deemed to be the exercise of a nonqualified
stock option. 
 3.3 Termination for Cause. If Optionee is Terminated for Cause, this Option will expire on the
Optionee’s date of Termination. 
 3.4 No Obligation to Employ. Nothing in the Plan or this
Agreement shall confer on Optionee any right to continue in the employ of, or other relationship with, the Company or any Parent or Subsidiary of the Company, or limit in any way the right of the Company or any Parent or Subsidiary of the Company to
terminate Optionee’s employment or other relationship at any time, with or without Cause. 
 4.
Manner of Exercise. 
 4.1 Stock Option Exercise. To exercise this Option, Optionee (or
in the case of exercise after Optionee’s death, Optionee’s executor, administrator, heir or legatee, as the case may be) must activate her/his E*Trade VeriSign Employee Stock Plan account (“E*Trade”) at
https://us.etrade.com/e/t/user/loginsp. Once the E*Trade VeriSign Employee Stock Plan account has been activated, the exercise(s) can be executed on-line with E*Trade (the “Online Exercise Agreement”) or by
following such other procedures as may be approved by the Company from time to time. If someone other than Optionee exercises this Option, then such person must submit documentation reasonably acceptable to the Company that such person has the right
to exercise this Option. 
  

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 4.2 Limitations on Exercise. This Option may not be exercised unless
such exercise is in compliance with all applicable federal and state securities laws, as they are in effect on the date of exercise. 
 4.3 Payment. The Online Exercise Agreement (or other forms approved by the Company) shall be accompanied by full payment of the Exercise Price for the Shares being purchased in cash (by check), or where permitted by law: 

 

	 	(a)	by cancellation of indebtedness of the Company to the Optionee; 

  

	 	(b)	by surrender of shares of the Company’s Common Stock that either: (1) have been owned by Optionee for more than six (6) months and have been paid for within the
meaning of SEC Rule 144 (and, if such shares were purchased from the Company by use of a promissory note, such note has been fully paid with respect to such shares); or (2) were obtained by Optionee in the open public market; and
(3) are clear of all liens, claims, encumbrances or security interests; 

  

	 	(c)	by waiver of compensation due or accrued to Optionee for services rendered to the Company; 

  

	 	(d)	provided that a public market for the Company’s Common Stock exists: (1) through a “same day sale” commitment from Optionee and a broker-dealer that is a member
of the National Association of Securities Dealers (an “NASD Dealer”) whereby Optionee irrevocably elects to exercise this Option and to sell a portion of the Shares so purchased to pay for the Exercise Price and whereby the
NASD Dealer irrevocably commits upon receipt of such Shares to forward the exercise price directly to the Company; or (2) through a “margin” commitment from Optionee and an NASD Dealer whereby Optionee irrevocably elects to
exercise this Option and to pledge the Shares so purchased to the NASD Dealer in a margin account as security for a loan from the NASD Dealer in the amount of the Exercise Price, and whereby the NASD Dealer irrevocably commits upon receipt of such
Shares to forward the Exercise Price directly to the Company; or 

  

	 	(e)	by any combination of the foregoing. 

 4.4
Tax Withholding. Prior to the issuance of the Shares upon exercise of this Option, Optionee must pay or provide for any applicable federal or state withholding obligations of the Company. If the Committee permits, Optionee may provide
for payment of withholding taxes upon exercise of this Option by requesting that the Company retain Shares with a Fair Market Value equal to the minimum amount of taxes required to be withheld. In such case, the Company shall issue the net number of
Shares to the Optionee by deducting the Shares retained from the Shares issuable upon exercise. 
  

 13 

 4.5 Issuance of Shares. Provided that the exercise and payment are in
form and substance satisfactory to counsel for the Company, the Company shall issue the Shares to Optionee’s E*Trade VeriSign Employee Stock Plan account, Optionee’s authorized assignee, or Optionee’s legal representative or shall
deliver certificates representing the Shares with the appropriate legends affixed thereto. 
 5.
Compliance with Laws and Regulations. The exercise of this Option and the issuance and transfer of Shares shall be subject to compliance by the Company and Optionee with all applicable requirements of federal and state
securities laws and with all applicable requirements of any stock exchange on which the Company’s Common Stock may be listed at the time of such issuance or transfer. Optionee understands that the Company is under no obligation to register or
qualify the Shares with the SEC, any state securities commission or any stock exchange to effect such compliance. 
 6.
Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime
of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee. 
 7. Tax Consequences. Set forth below is a brief summary as of the date the Board adopted the Plan of some of the federal tax consequences of exercise of this Option and disposition of the Shares. THIS SUMMARY IS
NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. OPTIONEE SHOULD CONSULT A TAX ADVISOR BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE SHARES. 
 7.1 Exercise of Nonqualified Stock Option. There may be a regular federal income tax liability upon the
exercise of this Option. Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the fair market value of the Shares on the date of exercise over the Exercise Price. The
Company may be required to withhold from Optionee’s compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise. 
 7.2 Disposition of Shares. The sale of any shares received pursuant to the exercise of the NQSO is generally treated as
capital gain or loss. If the Shares are held for more than twelve (12) months after the date of the transfer of the Shares pursuant to the exercise of an NQSO, any gain or loss realized on disposition of the Shares will be treated as long-term
capital gain or loss. 
 8. Privileges of Stock Ownership. Optionee shall not have any of the rights of a
stockholder with respect to any Shares until the Shares are issued to Optionee. 
 9. Interpretation. Any dispute regarding the
interpretation of this Agreement shall be submitted by Optionee or the Company to the Committee for review. The resolution of such a dispute by the Committee shall be final and binding on the Company and Optionee. 
  

 14 

 10. Entire Agreement. The Plan is incorporated herein by reference. This Agreement and
the Plan and the exercise process constitute the entire agreement and understanding of the parties hereto with respect to the subject matter hereof and supersede all prior understandings and agreements with respect to such subject matter.

 11. Notices. Any notice required to be given or delivered to the Company shall be in writing and addressed to the Corporate
Secretary of the Company at its principal corporate offices. Any notice required to be given or delivered to Participant shall be in writing (including email) and addressed to Participant at the participant’s Company email address, the address
of record or to such other address as Participant may designate in writing from time to time to the Company or may be posted on the Participant’s E*Trade VeriSign employee stock plan account at www.etrade.com. All notices shall be deemed
effectively given upon personal delivery, (i) three (3) days after deposit in the United States mail by certified or registered mail (return receipt requested), (ii) one (1) business day after its deposit with any return receipt
express courier (prepaid), (iii) one (1) business day after transmission by fax or telecopier, (iv) upon receipt if sent by the Company to the Participant’s email address at the Company, or (v) upon posting on the
Participant’s E*Trade VeriSign employee stock plan account at www.etrade.com. 
 12. Successors and Assigns. The
Company may assign any of its rights under this Agreement. This Agreement shall be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth herein, this Agreement shall be
binding upon Optionee and Optionee’s heirs, executors, administrators, legal representatives, successors and assigns. 
 13.
Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of California, without regard to that body of law pertaining to choice of law or conflict of law. 
 14. Acceptance. Optionee hereby acknowledges receipt of a copy of the Plan and this Agreement. Optionee has read and understands the terms
and provisions thereof, and accepts this Option subject to all the terms and conditions of the Plan and this Agreement. Optionee acknowledges that there may be adverse tax consequences upon exercise of this Option or disposition of the Shares and
that the Company recommends that Optionee should consult a tax advisor prior to such exercise or disposition. 
  

 15 

 In Witness Whereof, each of the parties has executed this Agreement, in the case of the Company, by its
duly authorized officer, as of                    , 20    . 
  

	
	Optionee
	
	  
	William A. Roper, Jr.

  

			
	VeriSign, Inc.
		
	By:	 	 
	Print Name:	 	 
	Title:	 	 

  

 16 

 EXHIBIT C 
 SIGN-ON RSU AWARD AGREEMENT 
 VERISIGN, INC. 
 2006 EQUITY INCENTIVE PLAN 
 RESTRICTED STOCK UNIT AGREEMENT 
 The Board of Directors of VeriSign, Inc. has approved a grant to you (the
“Participant” named below) Restricted Stock Units (“RSUs”) pursuant to the VeriSign, Inc. 2006 Equity Incentive Plan (the “Plan”), as described below. Capitalized terms not
defined herein shall have the meaning ascribed to them in the Plan. 
  

			
	Participant:	  	William A. Roper, Jr.
	Number of RSUs:	  	110,375
	Date of Grant:	  	August 7, 2007
		
	First Vesting Date:	  	First quarterly anniversary of the Date of Grant (November 7, 2007)
		
	Expiration Date:	  	The date on which settlement of all RSUs granted hereunder occurs, with earlier expiration upon the Termination Date.
		
	Vesting Schedule:	  	The RSUs will vest as follows:

  

				
	 Date
	  	Percent of RSU Grant to Vest	 
	 November 7, 2007
	  	8.33	%
	 February 7, 2008
	  	8.33	%
	 May 7, 2008
	  	8.33	%
	 August 7, 2008
	  	8.33	%
	 November 7, 2008
	  	8.33	%
	 February 7, 2009
	  	8.33	%
	 May 7, 2009
	  	8.33	%
	 August 7, 2009
	  	8.33	%
	 November 7, 2009
	  	8.33	%
	 February 7, 2010
	  	8.33	%
	 May 7, 2010
	  	8.33	%
	 August 7, 2010
	  	8.33	%

  

 17 

 1. Settlement. Settlement of vested RSUs shall be made within 30 days following the applicable date of
vesting under the above vesting schedule (provided that if at the time of settlement Participant is a “specified employee” of the Company under Section 409A, and settlement would be treated as a payment made on separation of service,
then if required to avoid the taxes imposed by Section 409A settlement shall be delayed by six (6) months or such other period of time as is then required to avoid such taxes). Settlement of vested RSUs shall be in Shares or cash (or some
combination thereof), as determined by the Committee in its discretion at the time of payment. The Participant shall pay to the Company the aggregate par value of the Shares issued prior to their issuance (par value being $0.001 per Share) with such
payment deemed to have been made for each Share, by Participant’s services from the Date of Grant to the first applicable vesting date. Participant agrees that, if necessary due to applicable law, Participant shall pay to the Company each
affected Share’s par value by making appropriate payroll deductions from funds due the Participant. 
 2. No Stockholder Rights. Unless
and until such time as Shares are issued in settlement of vested RSUs, the Participant shall have no ownership of the Shares allocated to the RSUs and shall have no right to vote such Shares, subject to the terms, conditions and restrictions
described in the Plan and herein. 
 3. Dividend Equivalents. Any dividends paid in cash on Shares of the Company shall be credited to the
Participant as additional RSUs as if the RSUs previously held by the Participant were outstanding Shares (in such number as determined by the Committee), as follows: such credit shall be made in whole and/or fractional RSUs and shall be based on the
Fair Market Value of the Shares on the date of payment of such dividend. All such additional RSUs shall be subject to the same vesting requirements applicable to the RSUs in respect of which they were credited and shall be settled in accordance
with, and at the time of, settlement of the vested RSUs to which they are related. 
 4. No Transfer. The RSUs and any interest therein:
(i) shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of, and (ii) shall, if the Participant’s continuous employment with the Company or any of its affiliates shall terminate for any reason (except
as otherwise provided in the Plan or herein), be forfeited to the Company forthwith, and all the rights of the Participant to such RSUs shall immediately terminate. 
 5. Termination. In the event of Termination by the Company or the Participant, the Committee shall settle, in Shares, the value of any vested RSUs (based on the then Fair Market Value of Shares deemed
allocated to such vested RSUs on the date of such Termination) as soon as practicable thereafter. In case of any dispute as to whether Termination has occurred, the Committee shall have sole discretion to determine whether such Termination has
occurred and the effective date of such Termination. 
  

 18 

 6. Acknowledgement. The Company and the Participant agree that the RSUs are granted under and governed by
this Restricted Stock Unit Agreement and by the provisions of the Plan (incorporated herein by reference). The Participant: (i) acknowledges receipt of a copy of the Plan and the Plan prospectus, (ii) represents that the Participant has
carefully read and is familiar with their provisions, and (iii) hereby accepts the RSUs subject to all of the terms and conditions set forth herein and those set forth in the Plan. 
 7. Tax Consequences. The Participant acknowledges that there may be adverse tax consequences upon settlement of the RSUs or disposition of the Shares, if any, received in connection therewith and that
the Company recommends that Participant should consult a tax adviser prior to such settlement or disposition. In particular, Participant must make arrangements, satisfactory to the Company, for satisfaction of any applicable foreign, federal, state
or local income tax withholding requirements or social security requirements related to the grant of the RSUs or Participant’s receipt of Shares in settlement thereof, including, in either case, any dividend paid in respect thereof. In the
event settlement of the RSUs is made in Shares, Participant shall pay the minimum statutory withholding tax obligation by withholding a certain number of Shares otherwise deliverable from the total number of Shares deliverable to the Participant
upon settlement in accordance with rules and procedures established by the Committee. The Committee may require, in its discretion, that some portion of vested Shares be retained by (or returned to) the Company to satisfy such withholding
requirements. In the absence of such arrangements Participant hereby authorizes the Company to withhold the required minimum amount from Participant’s other sources of compensation from the Company or any Parent or Subsidiary. 
 8. Compliance with Laws and Regulations. The issuance of Shares will be subject to and conditioned upon compliance by the Company and
Participant with all applicable state and federal laws and regulations and with all applicable requirements of any stock exchange or automated quotation system on which the Company’s Common Stock may be listed or quoted at the time of such
issuance or transfer. 
 9. Successors and Assigns. The Company may assign any of its rights under this Agreement. This Agreement
shall be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this Agreement will be binding upon Participant and Participant’s heirs, executors,
administrators, legal representatives, successors and assigns. 
 10. Governing Law; Severability. This Agreement shall be governed
by and construed in accordance with the internal laws of the State of California as such laws are applied to agreements between California residents entered into and to be performed entirely within California, excluding that body of laws pertaining
to conflict of laws. If any provision of this Agreement is determined by a court of law to be illegal or unenforceable, then such provision will be enforced to the maximum extent possible and the other provisions will remain fully effective and
enforceable. 
  

 19 

 11. Notices. Any notice required to be given or delivered to the Company shall be in writing and addressed
to the Corporate Secretary of the Company at its principal corporate offices. Any notice required to be given or delivered to Participant shall be in writing (including email) and addressed to Participant at the participant’s Company email
address, the address of record or to such other address as Participant may designate in writing from time to time to the Company or may be posted on the Participant’s E*Trade VeriSign employee stock plan account at www.etrade.com.
All notices shall be deemed effectively given upon personal delivery, (i) three (3) days after deposit in the United States mail by certified or registered mail (return receipt requested), (ii) one (1) business day after its
deposit with any return receipt express courier (prepaid), (iii) one (1) business day after transmission by fax or telecopier, (iv) upon receipt if sent by the Company to the Participant’s email address at the Company, or
(v) upon posting on the Participant’s E*Trade VeriSign employee stock plan account at www.etrade.com. 
 12.
Further Instruments. The parties agree to execute such further instruments and to take such further action as may be reasonably necessary to carry out the purposes and intent of this Agreement. 
 13. Headings. The captions and headings of this Agreement are included for ease of reference only and are to be disregarded in interpreting or construing
this Agreement. 
 14. Entire Agreement. The Plan and this Restricted Stock Unit Agreement for these RSUs constitute the entire agreement
and understanding of the parties with respect to the subject matter herein and supersede all prior understandings and agreements, whether oral or written, between the parties hereto with respect to the specific subject matter hereof. 
 In Witness Whereof, each of the parties has executed this Agreement, in the case of the Company, by its duly authorized officer, as
of                    , 20    . 
  

	
	Participant
	
	  
	William A. Roper, Jr.

  

			
	VeriSign, Inc.
		
	By:	 	 
	Print Name:	 	 
	Title:	 	 

  

 20 

 EXHIBIT D 
 FIRST YEAR OPTION AGREEMENT 
 VERISIGN, INC. 
 2006 EQUITY INCENTIVE PLAN 
 STOCK OPTION AGREEMENT 
 This Stock Option Agreement (this “Agreement”) is made and entered
into as of the Date of Grant set forth below (the “Date of Grant”) by and between VeriSign, Inc., a Delaware corporation (the “Company”), and the Optionee named below
(“Optionee”). Capitalized terms not defined herein shall have the meaning ascribed to them in the Company’s 2006 Equity Incentive Plan (the “Plan”). 
  

			
	Optionee:	  	William A. Roper, Jr.
		
	Total Option Shares:	  	210,970
		
	Exercise Price Per Share:	  	$29.63
		
	Date of Grant:	  	August 7, 2007
		
	First Vesting Date:	  	First quarterly anniversary of the Date of Grant (November 7, 2007)
		
	Expiration Date:	  	August 7, 2017
		  	(unless earlier terminated under Section 3 hereof)
		
	Type of Stock Option:	  	Nonqualified Stock Option (“NQSO”)

 1. Grant of Option. The Company hereby grants to Optionee a
nonqualified stock option (this “Option”) to purchase up to the total number of shares of Common Stock of the Company set forth above as Total Option Shares (collectively, the “Shares”) at the Exercise
Price Per Share set forth above (the “Exercise Price”), subject to all of the terms and conditions of this Agreement and the Plan. 
 2. Vesting; Exercise Period. 
 2.1 Vesting of Shares. This
Option shall be exercisable as it vests. Subject to the terms and conditions of the Plan and this Agreement, this Option shall vest and become exercisable as to portions of the Shares as follows: (a) this Option shall not be exercisable with
respect to any of the Shares until the First Vesting Date set forth above; (b) if Optionee has continuously provided services to the Company, or any Parent or Subsidiary of the Company, then on the First Vesting Date, this Option shall become
exercisable as to 8.33% of the Shares; and (c) thereafter this Option shall become 

  

 21 

 
exercisable as to an additional 8.33% of the Shares on each quarterly anniversary of the First Vesting Date, provided that Optionee has continuously provided
services to the Company, or any Parent or Subsidiary of the Company, at all times during the relevant quarter. This Option shall cease to vest upon Optionee’s Termination and Optionee shall in no event be entitled under this Option to purchase
a number of shares of the Company’s Common Stock greater than the “Total Option Shares.” 
 2.2 Vesting of
Options. Shares that are vested pursuant to the schedule set forth in Section 2.1 hereof are “Vested Shares.” Shares that are not vested pursuant to the schedule set forth in Section 2.1 hereof are “Unvested
Shares.” 
 2.3 Expiration. This Option shall expire on the Expiration Date set forth above and must be exercised,
if at all, on or before the earlier of the Expiration Date or the date on which this Option is earlier terminated in accordance with the provisions of Section 3 hereof. 
 3. Termination. 
 3.1 Termination for Any Reason Except Death, Disability or Cause. If Optionee is Terminated for any reason except Optionee’s death, Disability or Cause, then this Option, to the extent (and only to the
extent) that it is vested in accordance with the schedule set forth in Section 2.1 hereof on the Termination Date, may be exercised by Optionee no later than three (3) months after the Termination Date, but in any event no later than the
Expiration Date. 
 3.2 Termination Because of Death or Disability. If Optionee is Terminated
because of death or Disability of Optionee (or the Optionee dies within three (3) months after Termination other than for Cause or because of Disability), then this Option, to the extent that it is vested in accordance with the schedule set
forth in Section 2.1 hereof on the Termination Date, may be exercised by Optionee (or Optionee’s legal representative or authorized assignee) no later than twelve (12) months after the Termination Date, but in any event no later than
the Expiration Date. Any exercise after three (3) months after the Termination Date when the Termination is for any reason other than Optionee’s death or disability, within the meaning of Code Section 22(e)(3), shall be deemed to be
the exercise of a nonqualified stock option. 
 3.3 Termination for Cause. If Optionee is Terminated for Cause, this
Option will expire on the Optionee’s date of Termination. 
 3.4 No Obligation to Employ. Nothing
in the Plan or this Agreement shall confer on Optionee any right to continue in the employ of, or other relationship with, the Company or any Parent or Subsidiary of the Company, or limit in any way the right of the Company or any Parent or
Subsidiary of the Company to terminate Optionee’s employment or other relationship at any time, with or without Cause. 
  

 22 

 4. Manner of Exercise. 
 4.1 Stock Option Exercise. To exercise this Option, Optionee (or in the case of exercise after Optionee’s death,
Optionee’s executor, administrator, heir or legatee, as the case may be) must activate her/his E*Trade VeriSign Employee Stock Plan account (“E*Trade”) at https://us.etrade.com/e/t/user/login_sp. Once the
E*Trade VeriSign Employee Stock Plan account has been activated, the exercise(s) can be executed on-line with E*Trade (the “Online Exercise Agreement”) or by following such other procedures as may be approved by the Company
from time to time. If someone other than Optionee exercises this Option, then such person must submit documentation reasonably acceptable to the Company that such person has the right to exercise this Option. 
 4.2 Limitations on Exercise. This Option may not be exercised unless such exercise is in compliance with all applicable
federal and state securities laws, as they are in effect on the date of exercise. 
 4.3 Payment. The Online Exercise
Agreement (or other forms approved by the Company) shall be accompanied by full payment of the Exercise Price for the Shares being purchased in cash (by check), or where permitted by law: 
  

	 	(a)	by cancellation of indebtedness of the Company to the Optionee; 

  

	 	(b)	by surrender of shares of the Company’s Common Stock that either: (1) have been owned by Optionee for more than six (6) months and have been paid for within the
meaning of SEC Rule 144 (and, if such shares were purchased from the Company by use of a promissory note, such note has been fully paid with respect to such shares); or (2) were obtained by Optionee in the open public market; and
(3) are clear of all liens, claims, encumbrances or security interests; 

  

	 	(c)	by waiver of compensation due or accrued to Optionee for services rendered to the Company; 

  

	 	(d)	provided that a public market for the Company’s Common Stock exists: (1) through a “same day sale” commitment from Optionee and a broker-dealer that is a member
of the National Association of Securities Dealers (an “NASD Dealer”) whereby Optionee irrevocably elects to exercise this Option and to sell a portion of the Shares so purchased to pay for the Exercise Price and whereby the
NASD Dealer irrevocably commits upon receipt of such Shares to forward the exercise price directly to the Company; or (2) through a “margin” commitment from Optionee and an NASD Dealer whereby Optionee irrevocably elects to
exercise this Option and to pledge the Shares so purchased to the NASD Dealer in a margin account as security for a loan from the NASD Dealer in the amount of the Exercise Price, and whereby the NASD Dealer irrevocably commits upon receipt of such
Shares to forward the Exercise Price directly to the Company; or 

  

 23 

	 	(e)	by any combination of the foregoing. 

 4.4
Tax Withholding. Prior to the issuance of the Shares upon exercise of this Option, Optionee must pay or provide for any applicable federal or state withholding obligations of the Company. If the Committee permits, Optionee may provide
for payment of withholding taxes upon exercise of this Option by requesting that the Company retain Shares with a Fair Market Value equal to the minimum amount of taxes required to be withheld. In such case, the Company shall issue the net number of
Shares to the Optionee by deducting the Shares retained from the Shares issuable upon exercise. 
 4.5
Issuance of Shares. Provided that the exercise and payment are in form and substance satisfactory to counsel for the Company, the Company shall issue the Shares to Optionee’s E*Trade VeriSign Employee Stock Plan account,
Optionee’s authorized assignee, or Optionee’s legal representative or shall deliver certificates representing the Shares with the appropriate legends affixed thereto. 
 5. Compliance with Laws and Regulations. The exercise of this Option and the issuance and transfer of Shares shall be
subject to compliance by the Company and Optionee with all applicable requirements of federal and state securities laws and with all applicable requirements of any stock exchange on which the Company’s Common Stock may be listed at the time of
such issuance or transfer. Optionee understands that the Company is under no obligation to register or qualify the Shares with the SEC, any state securities commission or any stock exchange to effect such compliance. 
 6. Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of
the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

 7. Tax Consequences. Set forth below is a brief summary as of the date the Board adopted the Plan of some of the
federal tax consequences of exercise of this Option and disposition of the Shares. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. OPTIONEE SHOULD CONSULT A TAX ADVISOR BEFORE EXERCISING THIS OPTION OR
DISPOSING OF THE SHARES. 
 7.1 Exercise of Nonqualified Stock Option. There may be a regular
federal income tax liability upon the exercise of this Option. Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) 

  

 24 

 
equal to the excess, if any, of the fair market value of the Shares on the date of exercise over the Exercise Price. The Company may be required to withhold
from Optionee’s compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise. 
 7.2 Disposition of Shares. The sale of any shares received pursuant to the exercise of the NQSO is generally treated as
capital gain or loss. If the Shares are held for more than twelve (12) months after the date of the transfer of the Shares pursuant to the exercise of an NQSO, any gain or loss realized on disposition of the Shares will be treated as long-term
capital gain or loss. 
 8. Privileges of Stock Ownership. Optionee shall not have any of the rights of a
stockholder with respect to any Shares until the Shares are issued to Optionee. 
 9. Interpretation. Any dispute regarding the
interpretation of this Agreement shall be submitted by Optionee or the Company to the Committee for review. The resolution of such a dispute by the Committee shall be final and binding on the Company and Optionee. 
 10. Entire Agreement. The Plan is incorporated herein by reference. This Agreement and the Plan and the exercise process constitute
the entire agreement and understanding of the parties hereto with respect to the subject matter hereof and supersede all prior understandings and agreements with respect to such subject matter. 
 11. Notices. Any notice required to be given or delivered to the Company shall be in writing and addressed to the Corporate Secretary of
the Company at its principal corporate offices. Any notice required to be given or delivered to Participant shall be in writing (including email) and addressed to Participant at the participant’s Company email address, the address of record or
to such other address as Participant may designate in writing from time to time to the Company or may be posted on the Participant’s E*Trade VeriSign employee stock plan account at www.etrade.com. All notices shall be deemed effectively given
upon personal delivery, (i) three (3) days after deposit in the United States mail by certified or registered mail (return receipt requested), (ii) one (1) business day after its deposit with any return receipt express courier
(prepaid), (iii) one (1) business day after transmission by fax or telecopier, (iv) upon receipt if sent by the Company to the Participant’s email address at the Company, or (v) upon posting on the Participant’s E*Trade
VeriSign employee stock plan account at www.etrade.com. 
 12. Successors and Assigns. The Company may assign any of
its rights under this Agreement. This Agreement shall be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth herein, this Agreement shall be binding upon Optionee and
Optionee’s heirs, executors, administrators, legal representatives, successors and assigns. 
  

 25 

 13. Governing Law. This Agreement shall be governed by and construed in accordance
with the internal laws of the State of California, without regard to that body of law pertaining to choice of law or conflict of law. 
 14. Acceptance. Optionee hereby acknowledges receipt of a copy of the Plan and this Agreement. Optionee has read and understands the terms and provisions thereof, and accepts this Option subject to all the terms and conditions
of the Plan and this Agreement. Optionee acknowledges that there may be adverse tax consequences upon exercise of this Option or disposition of the Shares and that the Company recommends that Optionee should consult a tax advisor prior to such
exercise or disposition 
 In Witness Whereof, each of the parties has executed this Agreement, in the case of the Company, by its duly
authorized officer, as of _________________, 20    . 
  

	
	Optionee
	
	  
	William A. Roper, Jr.

  

			
	VeriSign, Inc.
		
	By:	 	 
	Print Name:	 	 
	Title:	 	 

  

 26 

 EXHIBIT E 
 FIRST-YEAR RSU AWARD AGREEMENT 
 VERISIGN, INC. 
 2006 EQUITY INCENTIVE PLAN 
 PERFORMANCE BASED RESTRICTED STOCK UNIT AGREEMENT 
 The Board of Directors of VeriSign, Inc. has approved a grant to you (the
“Participant” named below) of Restricted Stock Units (“RSUs”) pursuant to the VeriSign, Inc. 2006 Equity Incentive Plan (the “Plan”), as set forth in this RSU Agreement
(“Agreement”). Capitalized terms not defined herein shall have the meaning ascribed to them in the Plan. 
  

			
		
	Participant:	  	William A. Roper, Jr.
		
	Number of RSUs:	  	88,300
		
	Date of Grant:	  	August 7, 2007
		
	Expiration Date:	  	The date on which all RSUs granted hereunder have been either forfeited or settled.

 1. Vesting Schedules. The RSUs will vest as determined under the following schedules. Except
as provided below, the RSUs shall be forfeited upon Participant’s Termination Date. 
 (a) Performance-Based Vesting - One
hundred percent (100%) of the RSUs shall vest on the third anniversary of the Date of Grant if all of the following criteria have been satisfied: (i) Participant’s Termination Date has not occurred prior to such third anniversary; and
(ii) the Stock Price Target (defined below) has been attained at any time during the thirty-six (36) month period beginning on the Date of Grant; and (iii) if required to be deductible under Section 162(m) of the Code,
certification of achievement of the Stock Price Target by the Committee. The Stock Price Target will be deemed to have been attained if during any sixty (60) consecutive trading days prior to the third anniversary of the Date of Grant the
average closing price of the Company’s common stock equals or exceeds the Stock Price Target, as reported by the Nasdaq Global Select Market. 
 (b) Time-Based Vesting - If on the third anniversary of the Date of Grant the conditions for Performance-Based Vesting have not been satisfied, then fifty percent (50%) of the RSUs shall vest on the fourth anniversary of the
Date of Grant if Participant’s Termination Date has not occurred prior to such fourth anniversary. The remaining fifty percent (50%) shall be forfeited on the third anniversary of the Date of Grant. 
  

 27 

 (c) Vesting if Termination is due to Death or Disability - If Participant’s
Termination Date occurs prior to the third anniversary of the Date of Grant by reason of Participant’s death or “disability” (as defined in regulations promulgated under Section 409A of the Code), then: (i) if the Stock
Price Target has been attained as of such Termination Date, a pro rata portion of the RSUs (calculated by multiplying the number of RSUs by a fraction, the numerator of which is the number of days from the Date of Grant to the Termination Date and
the denominator of which is 1095), shall vest on such Termination Date; or (ii) if the Stock Price Target is attained after such Termination Date, but no later than the third anniversary of the Date of Grant above, then the pro rata portion of
the RSUs (calculated consistent with subsection (i) above) shall vest on the date the Stock Price Target is attained. 
 (d) Vesting
For Non-Section 16 Officers Following a Change-in-Control - If at the time of a Change-in-Control Participant is not an officer of the Company who is subject to Section 16 of the Exchange Act (a “Section 16
Officer”), and if this Agreement is not assumed by the Successor on terms and conditions identical to that of the original award, with the exception of the Stock Price Target, which will cease to apply, then one hundred percent
(100%) (fifty percent (50%) if the Change-in-Control occurs after the third anniversary of the Date of Grant) of the RSUs shall vest immediately prior to consummation of the Change-in-Control. 
 If at the time of a Change-in-Control Participant is not a Section 16 Officer, then if this Agreement is assumed by the Successor on terms and
conditions identical to that of the original award, with the exception of the Stock Price Target which shall cease to apply, then one hundred percent (100%) (fifty percent (50%) if the Change-in-Control occurs after the third anniversary
of the Date of Grant) of the RSUs shall vest on the earlier to occur of (A) Participant’s Termination Date if Participant’s Termination Date falls within the twenty-four (24) months following the Change-in-Control and is due to
an Involuntary Termination, or (B) the third anniversary of the Date of Grant (fourth anniversary of the Date of Grant if the Change-in-Control occurs after the third anniversary of the Date of Grant), provided that the Participant is still an
employee of the Company on such anniversary date. 
 (e) Pro Rata Vesting if Termination is due to an Involuntary Termination of a
Section 16 Officer - If on the Date of Grant, Participant is a Section 16 Officer, then if Participant’s Termination Date occurs prior to the third anniversary of the Date of Grant and is due to an Involuntary Termination or a
resignation for Good Reason, then: (i) if the Stock Price Target has been met as of such Termination Date, a pro rata portion of the RSUs (calculated by multiplying the number of RSUs by a fraction, the numerator of which is the number of days
from the Date of Grant to the Termination Date and the denominator of which is 1095) shall vest on such Termination Date; or (ii) if the Stock Price Target is met after such Termination Date, but no later than 

  

 28 

 
the third anniversary of the Date of Grant above, then the pro rata portion of the RSUs (calculated consistent with subsection (i) above) shall vest on
the date the Stock Price Target is met. One hundred percent (100%) of the RSUs will be forfeited if the Stock Price Target is not met by the third anniversary of the Date of Grant.] 
 2. Definitions. 
 (a) “Change-in-Control” means: 
 (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act), other than a trustee or other
fiduciary holding securities of the Company under an employee benefit plan of the Company or its subsidiaries, becomes the “beneficial owner” (as defined in Rule 13d-3 promulgated under the Exchange Act), directly or indirectly (excluding,
for purposes hereof, securities acquired directly from the Company), of securities of the Company representing at least thirty percent (30%) of (A) the then-outstanding shares of common stock of the Company or (B) the combined voting
power of the Company’s then-outstanding securities; 
 (ii) the consummation of a merger or consolidation, or
series of related transactions, which results in the voting securities of the Company outstanding immediately prior thereto failing to continue to represent (either by remaining outstanding or by being converted into voting securities of the
surviving entity), directly or indirectly, at least fifty (50%) percent of the combined voting power of the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; 
 (iii) a change in the composition of the Board occurring within a twenty-four (24) month period, as a result of which fewer
than a majority of the members of the Board are Incumbent Directors; 
 (iv) the sale or disposition of all or
substantially all of the Company’s assets (or consummation of any transaction, or series of related transactions, having similar effect); or 
 (v) stockholder approval of the dissolution or liquidation of the Company. 
 (b)
“Company” means VeriSign, Inc. or any Successor. 
 (c) “Cause” for purposes of
this Agreement shall not have the definition provided in the Plan, but shall instead mean Participant’s: (i) willful and continued failure to substantially perform duties after written notice providing Participant ninety (90) days
from the date of Participant’s receipt of such notice in which to cure; (ii) conviction of (or plea of guilty or no contest to) a felony involving moral turpitude; (iii) willful misconduct or gross negligence resulting in material
harm to the Company; or (iv) willful violation of the Company’s policies resulting in material harm to the Company. 
  

 29 

 (d) “Director” shall mean a member of the Board. 
 (e) “Good Reason” means the occurrence of any of the following conditions, without Participant’s written consent:
(i) a material and adverse change in the Participant’s authority, duties or responsibilities; (ii) a reduction in Participant’s base salary, except for an across-the-board reduction of not more than ten percent (10%) of base
salary applicable to all senior executives of the Company; (iii) a reduction in Participant’s bonus opportunity of five percent (5%) or more, except for an across-the-board reduction applicable to all senior executives of the Company;
(iv) a failure to provide Participant with long-term incentive opportunities that in the aggregate are at least comparable to the long-term incentives provided to other senior executives of the Company; (v) a reduction of at least five
percent (5%) in aggregate benefits Participant is entitled to receive under all employee benefit plans of the Company; or (vi) a requirement that Participant be based at any office location more than forty (40) miles from
Participant’s primary office location if such relocation increases the Participant’s commute by more than ten (10) miles. 
 (f) “Incumbent Director” shall mean either (a) a person who is a Director on the Date of Grant, or (b) a Director who is elected, or nominated for election, to the Board with the affirmative votes of
at least a majority of the Incumbent Directors at the time of such election or nomination (but shall not include an individual whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of
members of the Board). 
 (g) “Involuntary Termination” shall mean Termination initiated by the Company
without Cause. 
 (h) “Stock Price Target” means the value obtained by annual compounding (at a rate of ten
percent (10%) per annum for a period of three years) of the average closing price of a Share, as reported by the Nasdaq Global Select Market, for the sixty (60) consecutive trading days immediately preceding the Date of Grant. The Stock
Price Target for the RSU grant covered by this Agreement is $39.78. 
 (i) “Successor” means any
successor to the Company or assignee of substantially all of the Company’s business and/or assets whether or not as part of a Change-in-Control. 
 (j) “Termination Date” means the effective date of any termination of Participant’s employment with the Company or a Successor. 
 3. Settlement. Except as provided above, settlement of vested RSUs shall be made within sixty (60) days following the applicable date of
vesting under the above vesting schedule. Notwithstanding any other provision to the contrary, to the extent (i) any payments to which Participant becomes entitled under this Agreement in connection with Participant’s Termination
constitute deferred compensation subject to Section 409A of the Code, and (ii) Participant is deemed at the time of such Termination to be a “specified 

  

 30 

 
employee” under Section 409A of the Code, then such payment shall not be made or commence until the earliest of (i) the expiration of
the six (6)-month period measured from the date of Participant’s “separation from service” (as defined in regulations promulgated under Section 409A of the Code) with the Company; (ii) the date of Participant’s
“disability” (as defined in regulations promulgated under Section 409A of the Code); or (iii) the date of Participant’s death following such separation from service; provided, however, that such deferral shall
only be effected to the extent required to avoid adverse tax treatment to Participant, including (without limitation) the additional twenty percent (20%) tax for which Participant would otherwise be liable under Section 409A(a)(1)(B) of
the Code in the absence of such deferral. Upon the expiration of the applicable deferral period, any payments which would have otherwise been made during that period (whether in a single sum or in installments) in the absence of this provision shall
be paid to Participant or Participant’s beneficiary in one lump sum. Settlement of vested RSUs shall be in Shares or cash (or some combination thereof), as determined by the Committee in its discretion at the time of payment. The Participant
shall pay to the Company the aggregate par value of the Shares issued prior to their issuance (par value being $0.001 per Share) with such payment deemed to have been made for each Share, by Participant’s services from the Date of Grant to the
applicable vesting date. Participant agrees that, if necessary due to applicable law, Participant shall pay to the Company each affected Share’s par value by making appropriate payroll deductions from funds due the Participant. 

4. No Stockholder Rights. Unless and until such time as Shares are issued in settlement of vested RSUs, the Participant shall have no
ownership of the Shares allocated to the RSUs and shall have no right to vote such Shares, subject to the terms, conditions and restrictions described in the Plan and herein. 
 5. Dividend Equivalents. Any dividends paid in cash on Shares of the Company shall be credited to the Participant as additional RSUs as if the RSUs previously held by the Participant were
outstanding Shares (in such number as determined by the Committee), as follows: such credit shall be made in whole and/or fractional RSUs and shall be based on the Fair Market Value of the Shares on the date of payment of such dividend. All such
additional RSUs shall be subject to the same vesting requirements applicable to the RSUs in respect of which they were credited and shall be settled in accordance with, and at the time of, settlement of the vested RSUs to which they are related.

 6. No Transfer. The RSUs and any interest therein shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise
disposed of. 
 7. Forfeiture. The RSUs and any interest therein shall, if the Participant’s continuous employment with the Company
(including with any Successor) or any of its subsidiaries shall terminate for any reason, be forfeited to the Company forthwith and all rights of the Participant to such RSUs shall immediately terminate, except as otherwise provided in the Plan or
in this Agreement. 
  

 31 

 8. Termination. In the event of Termination by the Company or the Participant, the Committee shall settle,
in Shares, the value of any vested RSUs (based on the then Fair Market Value of Shares deemed allocated to such vested RSUs on the date of such Termination) as soon as practicable thereafter. In case of any dispute as to whether Termination has
occurred, the Committee shall have sole discretion to determine whether such Termination has occurred and the effective date of such Termination. 
 9.
Acknowledgement. The Company and the Participant agree that the RSUs are granted under and governed by this Agreement and by the provisions of the Plan (incorporated herein by reference). The Participant: (i) acknowledges receipt of
a copy of the Plan and the Plan prospectus, (ii) represents that the Participant has carefully read and is familiar with their provisions, and (iii) hereby accepts the RSUs subject to all of the terms and conditions set forth herein and
those set forth in the Plan. In the event of any conflict between the terms of this Agreement and the terms of the Plan, the terms of this Agreement shall govern. 
 10. Tax Consequences. The Participant acknowledges that there may be adverse tax consequences upon settlement of the RSUs or disposition of the Shares, if any, received in connection therewith and that the Company recommends
that Participant should consult a tax adviser prior to such settlement or disposition. In particular, Participant must make arrangements, satisfactory to the Company, for satisfaction of any applicable foreign, federal, state or local income tax
withholding requirements or social security requirements related to the grant of the RSUs or Participant’s receipt of Shares in settlement thereof, including, in either case, any dividend paid in respect thereof. In the event settlement of the
RSUs is made in Shares, Participant shall pay the minimum statutory withholding tax obligation by withholding a certain number of Shares otherwise deliverable from the total number of Shares deliverable to the Participant upon settlement in
accordance with rules and procedures established by the Committee. The Committee may require, in its discretion, that some portion of vested Shares be retained by (or returned to) the Company to satisfy such withholding requirements. In the absence
of such arrangements Participant hereby authorizes the Company to withhold the required minimum amount from Participant’s other sources of compensation from the Company or any Parent or Subsidiary. 
 11. Compliance with Laws and Regulations. The issuance of Shares will be subject to and conditioned upon compliance by the Company and
Participant with all applicable state and federal laws and regulations and with all applicable requirements of any stock exchange or automated quotation system on which the Company’s Common Stock may be listed or quoted at the time of such
issuance or transfer. 
  

 32 

 12. Successors and Assigns. The Company may assign any of its rights under this Agreement. This
Agreement shall be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this Agreement will be binding upon Participant and Participant’s heirs, executors,
administrators, legal representatives, successors and assigns. 
 13. Governing Law; Severability. This Agreement shall be governed
by and construed in accordance with the internal laws of the State of California as such laws are applied to agreements between California residents entered into and to be performed entirely within California, excluding that body of laws pertaining
to conflict of laws. If any provision of this Agreement is determined by a court of law to be illegal or unenforceable, then such provision will be enforced to the maximum extent possible and the other provisions will remain fully effective and
enforceable. 
 14. Notices. Any notice required to be given or delivered to the Company shall be in writing and addressed to the Corporate
Secretary of the Company at its principal corporate offices. Any notice required to be given or delivered to Participant shall be in writing (including email) and addressed to Participant at the participant’s Company email address, the address
of record or to such other address as Participant may designate in writing from time to time to the Company or may be posted on the Participant’s E*Trade VeriSign employee stock plan account at www.etrade.com. All notices shall be
deemed effectively given upon personal delivery, (i) three (3) days after deposit in the United States mail by certified or registered mail (return receipt requested), (ii) one (1) business day after its deposit with any return
receipt express courier (prepaid), (iii) one (1) business day after transmission by fax or telecopier, (iv) upon receipt if sent by the Company to the Participant’s email address at the Company, or (v) upon posting on the
Participant’s E*Trade VeriSign employee stock plan account at www.etrade.com. 
 15. Further Instruments. The parties
agree to execute such further instruments and to take such further action as may be reasonably necessary to carry out the purposes and intent of this Agreement. 
 16. Headings. The captions and headings of this Agreement are included for ease of reference only and are to be disregarded in interpreting or construing this Agreement. 
 17. Entire Agreement. The Plan and this Agreement for these RSUs constitute the entire agreement and understanding of the parties with respect to the
subject matter herein and supersede all prior understandings and agreements, whether oral or written, between the parties hereto with respect to the specific subject matter hereof. 
 [Remainder of page intentionally left blank.] 
  

 33 

 In Witness Whereof, each of the parties has executed this Agreement, in the case of the Company, by its duly authorized
officer, as of _________________, 20__. Participant 
  

			
	
	
	William A. Roper, Jr.
	
	VeriSign, Inc.
		
	By:	 	 
	Print Name:	 	 
	Title:	 	 

 [Performance Based Restricted Stock Unit Agreement Signature Page] 
  

 34 

 EXHIBIT F 
 

 
 ASSIGNMENT OF INVENTION, 
 NONDISCLOSURE AND NONSOLICITATION AGREEMENT 
 IN CONSIDERATION OF the value of my employment and/or
continued employment with VeriSign, Inc. (hereinafter referred to collectively with its subsidiaries and affiliated entities as “VERISIGN”), the unique training and experience afforded to me at VERISIGN’s expense, and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, VERISIGN and I agree to this ASSIGNMENT OF INVENTION, NONDISCLOSURE AND NONSOLICITATION AGREEMENT (“Agreement”) as follows: 
  

	1.	PROPRIETARY INFORMATION OF VERISIGN IS NOT TO BE DISCLOSED. 

  

	 	(a)	I agree that all information, whether or not in writing, of a private, secret or confidential nature concerning VERISIGN’s business, business relationships or financial affairs
(collectively, “Proprietary Information”) is and shall be the exclusive property of VERISIGN. By way of illustration, but not limitation, Proprietary Information may include inventions, products, processes, methods, algorithms, devices,
techniques, formulas, compositions, compounds, projects, developments, plans, research data, clinical data, financial data, personnel data, computer programs, customer and supplier lists, and contacts at or knowledge of customers or prospective
customers of VERISIGN. 

  

	 	(b)	I agree that all files, letters, memoranda, reports, records, data, sketches, drawings, laboratory notebooks, program listings, or other written, photographic, or other tangible
material containing Proprietary Information, whether created by me or others, which shall come into my custody or possession, shall be and are the exclusive property of VERISIGN to be used by me only in the performance of my duties for VERISIGN and
shall not be removed from VERISIGN’s premises under any circumstances without prior written authorization. All such materials or copies thereof and all tangible property of VERISIGN in my custody or possession shall be delivered to VERISIGN,
upon the earlier of (i) a request by VERISIGN or (ii) termination of my employment. After such delivery, I shall not retain any such materials or copies thereof or any such tangible property. 

  

	 	(c)	 I recognize, acknowledge and agree that during my employment and following the termination of that employment, whether voluntary or involuntary, whether with or
without cause, and whether with or without notice, I will not, on my own behalf or as a partner, officer, director, employee, agent, administrator, teacher, trainer, advisor or consultant of any other person or entity, directly or indirectly,
disclose Proprietary Information to any person or entity other than agents of VERISIGN, and I will not use or aid others in obtaining or using any such Proprietary Information without the express written permission of the Chief Executive Officer of
VERISIGN or his/her designee. I agree that my obligation not to disclose or to use information and materials of the types set forth in 

  

 35 

	 	 
paragraphs (a) and (b) above, and my obligation to return all materials and tangible property, set forth in paragraph (b) above, also extends
to such types of information, materials and tangible property of customers of VERISIGN or suppliers to VERISIGN or other third parties who may have disclosed or entrusted the same to VERISIGN or to me. 

  

	 	(d)	The obligations of this Section 1 will survive the termination of my employment unless and until such Proprietary Information becomes public knowledge and becomes matter in the
public domain through no act or omission by me. 

  

	2.	INVENTIONS AND DEVELOPMENTS ARE PROPERTY OF VERISIGN. 

  

	 	(a)	If I shall (either alone or with others) make, conceive, create, discover, invent or reduce to practice any invention, modification, discovery, design, development, improvement,
method, process, software program, work of authorship, documentation, formula, algorithm, data, technique, know-how, trade secret or intellectual property right whatsoever or any interest therein (whether or not patentable or registrable under
copyright, trademark or similar statutes or subject to analogous protection) (herein called “Developments”) at any time or times during my employment (whether during or after business hours and whether on or off VERISIGN’s premises)
or thereafter, which Developments are developed or made from knowledge gained from such employment that (i) relates to the business of VERISIGN or any customer of or supplier to VERISIGN in connection with such customer’s or
supplier’s activities with VERISIGN or any of the products or services being developed, manufactured or sold by VERISIGN or which may be used in relation therewith, (ii) results from tasks assigned to me by VERISIGN or (iii) results
from the use of premises or personal property (whether tangible or intangible) owned, leased or contracted for by VERISIGN, such Developments and the benefits thereof are and shall immediately become the sole and absolute property of VERISIGN and
its assigns, as works made for hire to the extent permitted by law, or otherwise, and I shall promptly disclose to VERISIGN (or any persons designated by it) each such Development and, as may be necessary to ensure VERISIGN’s ownership of such
Developments, I hereby assign any and all rights, title and interest (including, but not limited to, any copyrights and trademarks) in and to the Developments and benefits and/or rights resulting therefrom to VERISIGN and its assigns without further
compensation and shall communicate, without cost or delay, and without disclosing to others the same, all available information relating thereto (with all necessary plans and models) to VERISIGN. I hereby waive and agree to waive any and all moral
rights or similar that I may have in any Developments. 

  

	 	(b)	I shall keep complete notes, data and records of Developments in the manner and form requested by VERISIGN. I will, during my employment and at any time thereafter, at the request
and cost of VERISIGN, promptly sign, execute, make and do all such deeds, documents, acts and things as VERISIGN and its duly authorized agents may reasonably require: (i) to apply for, obtain, register and vest in the name of VERISIGN alone
(unless VERISIGN otherwise directs) letters patent, copyright, trademark or other analogous protection in any country throughout the world and when so obtained or vested to renew, maintain or restore the same; and (ii) to defend in any
judicial, opposition, interference, or other proceedings in respect of such applications and any judicial, opposition, interference or other proceedings or petitions or applications for revocation of such letters patent, copyright, trademark or
other analogous protection; and (iii) to waive any and all moral rights or similar that I may have in any Developments. VERISIGN is under no obligation to procure or protect Developments. 

  

 36 

	 	(c)	To the extent I may have incorporated any of my pre-existing materials in the Developments, I hereby grant to VERISIGN the irrevocable, perpetual, non-exclusive, worldwide,
royalty-free license to use, execute, reproduce, display, perform, distribute copies of, and prepare derivative works based upon, such pre-existing materials, and to authorize others to do any or all of the foregoing. 

  

	 	(d)	Listed below are titles and identifications of reserved works, if any, that I have previously made, conceived, created, discovered, invented or reduced to practice, and that are
expressly excluded from Developments. 

  

	3.	I AM NOT BOUND BY OTHER AGREEMENTS. 

 I
hereby represent and warrant that, (i) except as I have disclosed in writing to VERISIGN, I am not bound by the terms of any agreement with any previous employer or other party to refrain from competing, directly or indirectly, with the
business of such previous employer or any other party; (ii) to the best of my knowledge, my performance of all the terms of this Agreement and as an employee of VERISIGN does not and will not breach any agreement to keep in confidence
proprietary information, knowledge or data acquired by me in confidence or in trust prior to my employment with VERISIGN, and I will not knowingly disclose to VERISIGN or induce VERISIGN to use any confidential or proprietary information or material
belonging to any previous employer or others; (iii) I have the full right and authority to perform my obligations and grant the rights and licenses granted herein, and I have neither assigned nor otherwise entered into an agreement that would
conflict with my obligations under this Agreement. I covenant and agree that I shall not enter into any such agreement. 
  

	4.	I WILL ADHERE TO GOVERNMENT OR OTHER THIRD PARTY OBLIGATIONS. 

 I acknowledge that VERISIGN from time to time may have agreements with other persons or entities or with the United States Government, or agencies thereof, which impose obligations or restrictions on VERISIGN
regarding inventions made during the course of work under such agreements or regarding the sensitive nature of such work. I agree to be bound by all such obligations and restrictions which are made known to me and to take all action necessary to
discharge the obligations of VERISIGN under such agreements. 
  

	5.	I AM AN EMPLOYEE AT WILL. 

 I understand and
agree that my employment with VERISIGN is not for any definite period of time and that nothing provided for in this Agreement in any way creates an express or implied contract of employment or warranty of any benefits. I further understand that any
and all of the rules, policies, wages and benefits referred to in any employee handbook or manual may be unilaterally amended, modified, reduced or discontinued at any time by VERISIGN, in its judgment and discretion. I also agree that either
VERISIGN or I can terminate my employment at any time, with or without cause and with or without notice. I understand and agree that no agreement for employment for any specified period of time or contrary in any way to the foregoing is valid unless
made in writing and signed by the Chief Executive Officer of VERISIGN or his/her designee. 
  

 37 

	6.	I WILL NOT SOLICIT VERISIGN’S EMPLOYEE’S. 

 During the period of my employment, and for a period of one (1) year after the termination or expiration thereof, and without limiting the applicability of any other provisions of this Agreement that are intended to operate after such
termination or expiration, I recognize, acknowledge and agree that I will not, directly or indirectly (other than as the holder of not more than one percent (1%) of the total outstanding stock of a publicly held company), either on my own
behalf or as an owner, shareholder, partner, member, participant, officer, director, employee, agent, representative, advisor or consultant of any other individual, entity or enterprise, do or attempt to do any of the following: 
  

	 	(a)	solicit, encourage or induce any current or prospective clients, customers, suppliers, vendors or contractors of VERISIGN to terminate or adversely modify any business relationship
with VERISIGN or not to proceed with, enter into, renew or continue any business relationship with VERISIGN, or otherwise interfere with any business relationship between VERISIGN and any such person; or 

  

	 	(b)	solicit, encourage or induce any officer, director, employee, agent, partner, consultant or independent contractor of VERISIGN to terminate any employment or relationship with
VERISIGN, employ or engage any such person, or otherwise interfere with or disrupt VERISIGN’s relationship with any such person. 

  

	7.	I WILL NOT ENGAGE IN CONFLICTS OF INTEREST. 

 I recognize, acknowledge and agree to comply with all rules and policies of VERISIGN, including but not limited to those relating to conflicts of interest, and without limiting the generality of the foregoing: 
  

	 	(a)	I will promptly notify VERISIGN of any conflicts of interest or gifts or offers of gifts or remuneration from clients, consultants, customers, suppliers, partners, officers, agents,
directors, employees, vendors, contractors or others doing or seeking to do business with VERISIGN, and will not accept such gifts or remuneration; and 

  

	 	(b)	I will promptly inform VERISIGN of any business opportunities coming to my attention that relate to the existing or prospective business of VERISIGN and will not participate in any
such opportunities without the prior written consent of VERISIGN. 

  

	8.	MISCELLANEOUS. 

  

	 	(a)	 This Agreement shall be enforceable to the fullest extent allowed by law. In the event that a court holds any provision of this Agreement to be excessively broad as
to scope, activity, geography, time-period, subject, or otherwise so as to be invalid or unenforceable, I agree that, if allowed by law, that provision shall be reduced, modified or otherwise conformed to the relevant law, judgment or determination
to the maximum degree necessary to render it valid and enforceable without affecting the rest of this Agreement, and, if such reduction or 

  

 38 

	 	 
modification is not allowed by law, the parties shall promptly agree in writing to a provision to be substituted therefore which will have an effect as close
as possible to the invalid or unenforceable provision that is consistent with applicable law. The invalidity or unenforceability of any provision of this Agreement shall not affect or limit the validity and enforceability of the other provisions
hereof. 

  

	 	(b)	The failure of VERISIGN to enforce any term of this Agreement shall not constitute a waiver of any rights or deprive VERISIGN of the right to insist thereafter upon strict adherence
to that or any other term of this Agreement, nor shall a waiver of any breach of this Agreement constitute a waiver of any preceding or succeeding breach. No waiver of a right under any provision of this Agreement shall be binding on VERISIGN unless
made in writing and signed by the Chief Executive Officer of VERISIGN or his/her designee. 

  

	 	(c)	The restrictions contained in this Agreement are necessary for the protection of the business and goodwill of VERISIGN and are considered by me to be reasonable for such purpose. I
recognize, acknowledge and agree that any breach by me of any of the provisions contained in this Agreement will cause VERISIGN immediate, material and irreparable injury and damage, and there is no adequate remedy at law for such breach.
Accordingly, in the event of a breach of any of the provisions of this Agreement by me, in addition to any other remedies it may have at law or in equity, VERISIGN shall be entitled immediately to seek enforcement of this Agreement in a court of
competent jurisdiction by means of a decree of specific performance, an injunction without the posting of a bond or the requirement of any other guarantee, and any other form of equitable relief, and VERISIGN is entitled to recover from me the costs
and attorneys’ fees it incurs to recover under this Agreement. This provision is not a waiver of any other rights which VERISIGN may have under this Agreement, including the right to recover money damages. 

  

	 	(d)	This Agreement shall be binding upon me and my heirs, successors, assigns, and personal representatives, and will inure to the benefit of VERISIGN, its affiliates, successors and
its assigns, that this Agreement is personal to me, and that I may not assign any rights or duties under this Agreement. 

  

	 	(e)	This Agreement contains the entire agreement between me and VERISIGN with respect to the subject matter herein and supersedes all prior agreements, written or oral, between me and
VERISIGN relating to the subject matter of this Agreement. All previous discussions, promises, representations, and understandings relating to the topics herein discussed are hereby merged into this Agreement. This Agreement may not be modified,
changed or discharged in whole or in part, except by an agreement in writing signed by me and the Chief Executive Officer of VERISIGN or his/her designee. No person has any authority to make any representation or promise on behalf of any of the
parties not set forth herein, and this Agreement has not been executed in reliance upon any representation or promise except those recited herein. I agree that any change or changes in my duties, salary or compensation after the signing of this
Agreement shall not affect the validity or scope of this Agreement. 

  

	 	(f)	I expressly consent to be bound by the provisions of this Agreement for the benefit of VERISIGN or any subsidiary or affiliate thereof to whose employ I may be transferred without
the necessity that this Agreement be re-signed at the time of such transfer. 

  

 39 

	 	(g)	This Agreement is governed by and will be construed as a sealed instrument under and in accordance with the laws of the Commonwealth of Virginia, except for provision 8(h). The
headings herein are for convenience only and do not limit or restrict the meaning or interpretation of the text of this Agreement. 

  

	 	(h)	Notice to California Employees. Section 2870, subsection (a), of the California Labor Code provides: 

 “(a) Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an
invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those inventions
that either (1) relate at the time of conception or reduction to practice of the invention to the employer’s business, or actual or demonstrably anticipated research or development of the employer; or (2) result from any work
performed by the employee for the employer.” 
 I ACKNOWLEDGE THAT I HAVE CAREFULLY READ THIS AGREEMENT IN ITS ENTIRETY AND UNDERSTAND ALL OF ITS
TERMS AND CONDITIONS, THAT I HAVE HAD THE OPPORTUNITY TO CONSULT WITH ANYONE OF MY CHOICE REGARDING THIS AGREEMENT, THAT I AM ENTERING INTO THIS AGREEMENT OF MY OWN FREE WILL, WITHOUT COERCION FROM ANY SOURCE, AND THAT I AGREE TO ABIDE BY ALL OF THE
TERMS AND CONDITIONS HEREIN CONTAINED. 
  

			
	
	 
	William A. Roper, Jr.
		
	Date:	 	 

  

 40 

 RESERVED INVENTIONS OR WORKS AUTHORED PRIOR TO EMPLOYMENT 
  

			
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 41Form of Restricted Stock Agreement (2005 LTIP Version)

 Exhibit 10.3.0 
 FORM OF 
 RESTRICTED STOCK AGREEMENT 
 (2005 LTIP Version) 
 Restricted Stock Agreement (this “Agreement”), dated as of
August 31, 2005 (the “Grant Date”), between GrafTech International Ltd. (the “Corporation”) and
                     (the “Participant”). 
 BACKGROUND 
 Reference is made to the GrafTech International Ltd. 2005 Equity
Incentive Plan (the “Plan”). A copy of the Plan has been made available to the Participant and the terms of the Plan are incorporated herein by reference. 
 The Plan allows the Corporation to provide rewards and incentives to, among others, employees of the Company by, among other things, granting them shares of Common Stock. The Board or the Compensation
Committee has determined that it would be in the best interest of the Corporation and its stockholders to grant the Restricted Shares to the Participant under the Plan. 
 In consideration of the covenants contained herein and other good and valuable consideration, receipt of which is hereby acknowledged, the parties agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 Whenever capitalized terms are used in this Agreement, they shall have the meanings set forth in this Agreement or, if not defined in this
Agreement, as set forth in the written employment agreement between the Participant and the Corporation or a Subsidiary or, if not defined in this Agreement and if not defined in such an employment agreement or there is no such employment agreement,
as set forth in the Plan. 
 “Cause” shall mean: 
 (i) gross neglect or willful and continuing refusal by the Participant to substantially perform his or her duties or
responsibilities for or owed to the Company (other than due to death, Disability or Retirement); 
 (ii) breach by
the Participant of his or her confidentiality obligations owed to the Company; 
 (iii) willful engagement by the
Participant in conduct which is demonstrably injurious to the Company (including a breach by the Participant of his or her confidentiality, non-competition or non-solicitation obligations owed to the Company); or 
 (iv) conviction or plea of nolo contendere by the Participant to a felony or a misdemeanor involving dishonesty
or financial or economic wrongdoing (such as fraud, embezzlement, insider trading, bribery, theft, price fixing, graft or corrupt payments, perjury or false certification). 

 ARTICLE II 
 GRANT OF RESTRICTED SHARES 
 2.1 Grant of Restricted Shares. The Participant is hereby granted
                     shares of Common Stock subject to the restrictions and conditions set forth in this Agreement. References in this
Agreement to “Restricted Shares” mean the shares of Common Stock granted hereby and any cash, securities, rights or property distributed in respect thereof or issued in exchange therefor (which shall be subject to the same
restrictions and provisions as such shares). 
 2.2 Value of Restricted Shares. The Fair Market Value of the Restricted
Shares at the close of trading on the Grant Date was $             per share. 
 2.3 Grant Information. The Restricted Shares have been granted under the Plan. The Board or the Compensation Committee authorized the grant of the Restricted Shares on August 31, 2005. 
 ARTICLE III 
 VESTING OF RESTRICTED SHARES

 All of the Restricted Shares are unvested. Subject to Section 6.2, Restricted Shares shall vest upon, but only upon, the
earliest to occur of the events described in Section 3.1, 3.2 or 3.3, in each case subject to the limitations set forth in Section 3.4. Subject to Section 6.2, all unvested Restricted Shares shall be forfeitable as set forth in
Section 3.4 and shall be non-transferable as set forth in Section 4.3. All vested Restricted Shares shall become non-forfeitable and transferable at the time they first vest, although: 
 (i) transferability may be subject to pre-clearance, blackout, registration and other restrictions under the Company’s insider trading
and other compliance policies and procedures; 
 (ii) transferability may be restricted under Section 4.4 until all Withholding
Requirements (as defined herein) are satisfied; and 
 (iii) transfers by executive officers should be reviewed in advance to determine
if there would be any potential liability for short-swing profits under Section 16(b) of the Exchange Act. 
 3.1 Time
Vesting. If not sooner vested and unless previously forfeited pursuant to Section 3.4, one-third of the Restricted Shares shall vest at the close of trading on August 31 of each of 2006, 2007 and 2008 if, and only if, the
Participant’s employment by the Company continues through such August 31, respectively. 
 3.2 Accelerated
Vesting. If not sooner vested and unless previously forfeited pursuant to Section 3.4, all of the Restricted Shares shall vest upon the occurrence of a Change in Control. 
 3.3 Discretionary Vesting. The Compensation Committee or the Board may accelerate the vesting of any or all of the Restricted Shares at
any time and for any reason. 
 3.4 Effect of Termination of Employment and Other Events on Vesting; Forfeiture of Unvested
Restricted Shares. Unless otherwise determined by the Board or the Compensation Committee and subject to Section 6.2, all unvested Restricted Shares shall cease to vest and shall be forfeited upon the earliest to occur of: 
 (i) the time of notification of the termination of the Participant’s employment by the Company for Cause or Detrimental
Conduct; 

 (ii) the date of the termination of the Participant’s employment by the
Company for any reason other than Cause or Detrimental Conduct or the date of the Participant’s resignation from employment with the Company for any reason; or 
 (iii) the date on which the Board or the Compensation Committee takes such action pursuant to Article V (or such later date as
may be specified by the Board or the Compensation Committee). 
 3.5 Effective Date of Termination of Employment or
Retirement. For purposes hereof, except as otherwise set forth in Section 3.4(i), the date of resignation or termination of employment means the last date of actual employment, even if a different date is used for administrative convenience
in connection with employee retirement, benefit or welfare plans. 
 ARTICLE IV 
 PROCEDURES AFFECTING RESTRICTED SHARES 
 4.1 Reversion to Treasury. All
Restricted Shares which are forfeited shall automatically (and without need for further action by the Corporation, the Participant or any other person) revert to the Corporation and shall thereupon constitute treasury shares subject to the Plan or
some other plan of the Corporation, as may be provided in the Plan or such other plan. 
 4.2 Delivery of Restricted
Shares. 
 (i) The Restricted Shares will be delivered to the Participant in book entry form by causing the
Restricted Shares to be credited to the Participant’s account at such brokerage firm as may be designated from time to time by the Corporation to assist in the administration of the Plan (the “Broker”). 
 (ii) Restricted Shares will be delivered on or before the date on which they are scheduled to vest; provided, however, that, if
any Restricted Shares vest before such date, such Restricted Shares shall be delivered reasonably promptly (as determined by the Corporation) thereafter. 
 (iii) When Restricted Shares are delivered in book entry form, such delivery as well as all subsequent transfers and other matters relating to such Restricted Shares will be subject, in addition to
all other provisions hereof, to the rules and requirements imposed by the Broker and such administrative rules and requirements as may be imposed by the Corporation. Prior to vesting, Restricted Shares will be subject to stop transfer instructions
given by the Corporation to the Broker and the transfer agent for the Common Stock. Upon vesting of any Restricted Shares, such stop transfer instructions will be terminated (except as otherwise provided in connection with the Company’s insider
trading and other compliance policies and procedures and except to the extent that any Restricted Shares may be sold pursuant to Section 4.4 to satisfy Withholding Requirements (as defined in Section 4.4)). Upon forfeiture of any
Restricted Shares, the Broker and such transfer agent will be instructed to debit such Restricted Shares from such account and return them to the Corporation. 
 (iv) Each book entry relating to Restricted Shares may include such restrictive instructions in such forms as the Corporation may deem convenient, expedient, necessary or appropriate relating to the
restrictions under this Agreement, applicable securities, tax or other laws or applicable rules of any securities exchange or market. 

 4.3 Transfer of Restricted Shares. 
 (i) Unvested Restricted Shares cannot be Transferred to any Person or entity or for any purpose without the prior written
consent of the Corporation. Any attempt to effect a Transfer of unvested Restricted Shares without such consent shall be null and void. 
 (ii) To the extent necessary (as determined by the Corporation) to permit resale by the Participant of vested Restricted Shares, the Corporation will use reasonable efforts to register the resale of such Restricted Shares
under the Securities Act, so long as the Corporation is permitted to do so on Form S-3 or S-8 or a similar abbreviated form and subject to the terms and conditions set forth in the Plan and such other reasonable or customary terms and conditions as
be may be imposed by the Corporation (including those relating to indemnification by the Participant for errors or omissions from information provided by the Participant). 
 4.4 Withholding of Taxes. 
 (i) The Company shall withhold
or deduct from any or all payments or amounts due to or held for the Participant, whether due from the Company or held in the Participant’s account at the Broker, an amount (the “Withholding Amount”) equal to all taxes
(including unemployment (including FUTA), social security and medical (including FICA), and other governmental charges of any kind as well as income and other taxes) required to be withheld or deducted with respect to any and all taxable income and
other amounts attributable to the Restricted Shares (the “Withholding Requirement”). 
 (ii) The
Withholding Amount shall be determined by the Company. 
 (iii) The timing of withholding or deduction from such
payments or amounts shall be determined by the Company; provided, however, that, if such taxes are required to be paid to a tax or other governmental authority before such withholding or deduction is made, then the Company shall pay such taxes when
due as agent for the Participant and shall be entitled to reimbursement therefor from such payments or amounts, or otherwise. 
 (iv) The Corporation may restrict transfer of any or all vested Restricted Shares until all Withholding Requirements are satisfied. 
 (v) Unless the Participant has made or makes a timely election pursuant to Section 83(b) of the Code, the Participant authorizes the Corporation and the Broker to: 
 (A) sell, on his or her behalf and for his or her account, from time to time and at any time as the Corporation or the Broker
may deem necessary, appropriate, convenient or expedient to satisfy each Withholding Requirement or to reimburse the Company in respect thereof, a sufficient number of Restricted Shares (as determined by the Corporation or the Broker) so that the
net proceeds from such sale equal or exceed the applicable Withholding Amount; and 
 (B) use the net proceeds to
satisfy such Withholding Requirement (with any excess net proceeds to be paid to or deposited in an account of the Participant). 
 (vi) If the Participant has made or makes an election pursuant to Section 83(b) of the Code, he or she shall immediately file a copy thereof with the Company and upon demand by the Company make a cash payment to the
Company equal to any Withholding Amount in respect thereof. 

 (vii) In connection with any sale of Restricted Shares pursuant to this
Section 4.4, the Participant agrees that: 
 (A) such sale may be aggregated with sales of restricted stock
granted to other participants under the Plan or other plans of the Company; 
 (B) such aggregated sales may be made
from time to time in one or more installments at any time; 
 (C) such aggregated sales may be made over time as the
Corporation or the Broker may deem necessary, appropriate, convenient or expedient with a view toward avoidance or minimization of disruption of the market for the Common Stock, administrative convenience, minimization of costs and expenses or other
factors; and 
 (D) the net proceeds from such aggregated sales and the sale prices of the shares sold may be allocated
among such Restricted Shares and other shares of restricted stock and the Participant and such other participants as the Corporation or the Broker may deem reasonable. 
 (viii) The Participant understands that: 
 (A) different Withholding Requirements may arise at different times based on time of delivery or vesting of Restricted Shares, tax
elections or other factors; 
 (B) different Withholding Requirements may be based on different values attributable to
the Restricted Shares at such times or otherwise based on applicable tax laws, changes in the financial performance or prospects of the Company, changes in market or economic conditions or other factors; 
 (C) it may not be practicable or permissible to sell Restricted Shares to satisfy each Withholding Requirement at the time due
because of rules and requirements of the Broker, administrative rules and requirements of the Company, restrictions under the Company’s insider trading and other compliance policies and procedures, potential liability for short-swing profits
under Section 16(b) of the Exchange Act, applicable securities, tax or other laws, applicable rules of any securities exchange or market, or other factors; and 
 (D) as a result, Restricted Shares may be sold at times and values that differ, potentially significantly, from those applicable to
such Withholding Requirement and that such differences can result in gains or losses, potentially significant, relative to those values and capital gains and losses for tax purposes in addition to the taxes described in Section 4.4(i).

 (ix) The Participant hereby appoints each officer and assistant officer of the Corporation to be the
Participant’s true and lawful agent, proxy and attorney-in-fact, with full power of substitution and re-substitution (each, an “attorney-in-fact” and, together, the “attorneys-in-fact”), to take, cause to be
taken and authorize the taking of any and all actions (including the giving of instructions to sell and the approval of confirmations), to incur, cause to be incurred and authorize the incurrence of any and all costs and expenses (including
brokerage commissions), to undertake, cause to be undertaken and authorize the undertaking of any and all obligations and to execute, acknowledge, file, publish and deliver, cause to be executed, acknowledged, filed, published and delivered and
authorize the execution, acknowledgement, filing, publication and delivery of any and all agreements, instruments and documents (including stock powers, account agreements and related documents, and wire transfer instructions) which any such
attorney-in-fact may deem necessary, appropriate, convenient or expedient to sell Restricted Shares, on behalf and for the account of the Participant, to generate net proceeds to satisfy any and all Withholding Requirements, to use net proceeds in
satisfaction thereof and to otherwise give effect to the intent and purposes of this Section 4.4, all in the name of the Participant, any such attorney-in-fact, the Corporation or any Subsidiary and all at such times, in such manners, in such
amounts, on such exchanges or markets, on such terms, through such brokers, dealers and accounts and otherwise as any such 

 
attorney-in-fact may determine in his or her sole and absolute discretion, and hereby grants to each attorney-in-fact the full power and authority to do any and all
things necessary, convenient, expedient or appropriate in connection therewith. This power of attorney shall not be affected in any manner by reason of the execution, at any time, of other powers of attorney by the Participant in favor of persons
other than the attorneys-in-fact named herein and shall not be affected by the subsequent death, disability or incompetence of the Participant. This power of attorney is irrevocable and coupled with an interest and shall remain in effect until all
Withholding Requirements have been fully and unconditionally satisfied. All persons dealing with any of the attorneys-in-fact may assume that this power of attorney has not been revoked and may be relied upon. 
 (x) The Participant acknowledges and agrees that neither the Company, the Broker nor any of their respective affiliates,
control persons, directors, officers, employees, representatives or agents shall have any liability or obligation for any losses, damages, costs or expenses of any kind or under any theory arising out of or in connection with any action taken or
omitted to be taken or any delay in taking any action pursuant to or contemplated by this Section 4.4 (including the determination of any Withholding Amount or the time when any Withholding Requirement is required to be satisfied or any sale of
or delay in selling or failure to sell or the price, terms or conditions of sale of any or all of the Restricted Shares), including any liability for any claim that the Participant could have made more or lost less in connection therewith or for any
capital gain or loss due to the difference in time between the triggering of a Withholding Requirement and the resale of Restricted Shares in respect thereof or for violations of insider trading or other laws or for incurrence of liability for
short-swing profits under Section 16(b) of the Exchange Act, except to the extent that a court of competent jurisdiction determines by final and nonappealable judgment that any such losses, damages, costs or expenses resulted from actions taken
or omitted to be taken by them in bad faith or from their gross negligence or willful misconduct. References in this Section 4.4 to “selling” and correlative terms include all activities related thereto, including placement and
execution of sell orders, selection of brokers and dealers, delivery of share certificates, receipt of proceeds and payment of fees and commissions. 
 (xi) The provisions hereof regarding sale of Restricted Shares to satisfy Withholding Requirements are also intended to constitute a trading plan within the meaning of Rule 10b5-1 under Securities
Act. 
 (xii) The Participant accepts this Agreement and the Restricted Shares subject to, and agrees to assume,
the limitations, risks and responsibilities inherent with respect to the Restricted Shares, including those mentioned in this Agreement. 
 ARTICLE V

 FORFEITURE 
 Notwithstanding anything contained herein to the contrary, if the Participant engages in Detrimental Conduct, then the Compensation Committee or the Board shall have the right, in its sole and good faith judgment, to suspend (temporarily or
permanently) the vesting of any or all of the Restricted Shares, extend the date for such vesting, suspend (temporarily or permanently) the Transferability of any or all of the Restricted Shares, require the forfeiture of any or all of the
Restricted Shares then held by the Participant or his affiliates or related parties, or take any other actions in respect of any or all of the Restricted Shares or this Agreement. 

 ARTICLE VI 
 MISCELLANEOUS 
 6.1 Notices. All notices to a party must be given in writing and shall be deemed to have
been duly given when delivered by hand or three days after deposited in the mail, postage prepaid or, in the case of telecopy or email notice, when received, addressed as follows or to such other address as to which the intended receiving party
shall have duly given notice to the notifying party hereunder: 
  

	 	(i)	 If to the Company, to the following address: 

 GrafTech International Ltd. 
 Brandywine West Building, Suite 301

 1521 Concord Pike 
 Wilmington, Delaware 19803 
 Attn: General Counsel 
 Telecopy: (302) 778-8238 
 Email: karen.narwold@graftech.com 
 with a copy to: 
 UCAR Carbon Company Inc. 
 12900 Snow Road 
 Parma, Ohio 44130 
 Attn: Human Resources 
 Telecopy: (216) 676-2143 
 Email: james.pegram@graftech.com 
  

	 	(ii)	 If to the Participant, to his or her most recent primary residential address or business telecopy or email address as shown on the records of the Company.

 Amendments and Conflicting Agreements. This Agreement may be amended by a written instrument executed by
the parties which specifically states that it is amending this Agreement or by a written instrument executed by the Corporation which so states if such amendment is not adverse to the Participant or relates to administrative matters. Subject to the
next sentence, if there is a conflict or inconsistency between this Agreement and the Plan, the Plan shall govern. Notwithstanding anything contained herein or in the Plan to the contrary, to the extent that any severance agreement (including any
agreement related to a change in control of the Corporation, however defined) provides rights, terms or conditions that are more favorable to the Participant than those provided in this Agreement or the Plan, such more favorable rights, terms and
conditions shall govern. 
 6.3 Governing Law and Interpretation. This Agreement shall be governed by and construed and
enforced in accordance with the laws of the State of Delaware applicable to contracts made and to be performed therein without regard to the conflicts of law principles thereof. Whenever the word “including” is used herein, it shall be
deemed to be followed by the phrase “without limitation”. Unless otherwise specified herein, all determinations, consents, elections and other decisions by the Company, the Board, the Compensation Committee or the Broker may be made,
withheld or delayed in its sole and absolute discretion. 

 6.4 Internal Revenue Code Section 409A. The parties recognize that certain
provisions of this Agreement may be affected by Section 409A and agree to negotiate in good faith to amend this Agreement with respect to any changes necessary or advisable to comply with Section 409A. To the extent that the Participant
incurs any penalty for violations of Section 490A, the Company shall indemnify the Participant therefor. 
 6.5 Titles. Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement. 
 6.6 Counterparts. This Agreement may be executed in counterparts, which together shall constitute one and the same instrument and which will be deemed effective whether received in original
form or by telecopy or other electronic means. 
 IN WITNESS WHEREOF, this Agreement has been executed and delivered by the
parties. 
  

									
	PARTICIPANT	 	 	 	GRAFTECH INTERNATIONAL LTD.
				
	 	 	 	 	By:	 	 
	Signed	 	 	 	Name:	 	 
	 	 	 	 	Title:	 	 

 RESTRICTED STOCK AGREEMENT 
 (2005 Plan Version) 
 This Restricted Stock Agreement (this “Agreement”),
is entered into as of October 23, 2006 (the “Grant Date”), between GrafTech International Ltd. (the “Corporation”) and EMPLOYEE (the “Participant”) pursuant to the GrafTech International
Ltd. 2005 Equity Incentive Plan (the “Plan”) . 
 BACKGROUND 
 The Plan allows the Corporation to provide rewards and incentives to employees of the Company by granting them shares of Common Stock. The Board or
the Compensation Committee has determined that it would be in the best interest of the Corporation and its stockholders to grant the Restricted Shares to the Participant under the Plan. 
 In consideration of the covenants contained herein and other good and valuable consideration, receipt of which is hereby acknowledged, the parties
agree as follows: 
 ARTICLE I 
 DEFINITIONS

 Whenever capitalized terms are used in this Agreement, they shall have the meanings set forth in this Agreement or, if not
defined in this Agreement, as set forth in the written employment agreement between the Participant and the Company or, if not defined in this Agreement and if not defined in such an employment agreement or there is no such employment agreement, as
set forth in the Plan. A copy of the Plan has been made available to the Participant and the terms of the Plan are incorporated herein by reference. 
 “Cause” shall mean: 
 (i) gross neglect or willful and continuing refusal by the
Participant to substantially perform his or her duties or responsibilities for or owed to the Company (other than due to death, Disability or Retirement); 
 (ii) breach by the Participant of his or her confidentiality obligations owed to the Company; 
 (iii) willful engagement by the Participant in conduct which is demonstrably injurious to the Company (including a breach by the Participant of his or her confidentiality, non-competition or non-solicitation obligations owed to
the Company); or 

 (iv) conviction or plea of nolo contendere by the Participant to a
felony or a misdemeanor involving dishonesty or financial or economic wrongdoing (such as fraud, embezzlement, insider trading, bribery, theft, price fixing, graft or corrupt payments, perjury or false certification). 
 ARTICLE II 
 GRANT OF RESTRICTED SHARES 

2.1 Grant of Restricted Shares. The Participant is hereby granted XXXX shares of Common Stock subject to the restrictions and
conditions set forth in this Agreement. References in this Agreement to “Restricted Shares” mean the shares of Common Stock granted hereby and any cash, securities, rights or property distributed in respect thereof or issued in
exchange therefor (which shall be subject to the same restrictions and provisions as such shares). 
 2.2 Value of Restricted
Shares. The Fair Market Value of the Restricted Shares at the close of trading on the Grant Date was $             per share. 
 ARTICLE III 
 VESTING OF RESTRICTED SHARES

 All of the Restricted Shares are unvested. Subject to Section 6.2, Restricted Shares shall vest at such times as described
in, and to the extent provided in, Section 3.1 or 3.2, in each case subject to the limitations set forth in Section 3.3. Subject to Section 6.2, all unvested Restricted Shares shall be forfeitable as set forth in Section 3.3 and
shall be non-transferable as set forth in Section 4.2. All vested Restricted Shares shall become non-forfeitable and transferable at the time they first vest, although: 
 (i) transferability may be subject to pre-clearance, blackout, registration and other restrictions under the Company’s insider
trading and other compliance policies and procedures; 
 (ii) transferability may be restricted under Section 4.3
until all Withholding Requirements (as defined herein) are satisfied; and 
 (iii) transfers by executive officers
should be reviewed in advance to determine if there would be any potential liability for short-swing profits under Section 16(b) of the Exchange Act. 
 3.1 Vesting. To the extent not sooner vested and unless previously forfeited pursuant to Section 3.3, all unvested Restricted Shares shall vest at the close of trading on February 26, 2010; provided that:

 (i) if the Company obtains its 2007 free cash flow target for the Company as a whole as established by the Board or
one of its authorized committees pursuant to the GrafTech International Ltd. Incentive Compensation Plan (the 

 
“ICP”) in effect for 2007, then one-third of the Restricted Shares shall vest under this Section on at the close of business on February 29, 2008;

 (ii) if the Company obtains its 2008 free cash flow target for the Company as a whole as established by the Board or
one of its authorized committees pursuant to the ICP in effect for 2008, then one-third of the Restricted Shares shall vest under this Section on at the close of business on February 27, 2009. 
 3.2 Change in Control. Unless previously forfeited pursuant to Section 3.3, all unvested Restricted Shares shall vest upon the
occurrence of a Change in Control. 
 3.3 Effect of Termination of Employment and Other Events on Vesting; Forfeiture of Unvested
Restricted Shares. Unless otherwise determined by the Board or the Compensation Committee and subject to Section 6.2, all unvested Restricted Shares shall cease to vest and shall be forfeited upon the earliest to occur of: 
 (i) the time of notification of the termination of the Participant’s employment by the Company for Cause or Detrimental
Conduct; 
 (ii) the date Participant’s employment with the Company terminates for any reason including
resignation, retirement, disability or death; or 
 (iii) the date on which the Board or the Compensation Committee
takes such action pursuant to Article V (or such later date as may be specified by the Board or the Compensation Committee). 
 3.4
Effective Date of Termination of Employment or Retirement. For purposes hereof, except as otherwise set forth in Section 3.3(i), the date of resignation or termination of employment means the last date of actual employment, even if a
different date is used for administrative convenience in connection with employee retirement, benefit or welfare plans. 
 ARTICLE IV 

PROCEDURES AFFECTING RESTRICTED SHARES 
 4.1 Delivery of Restricted Shares. 
 (i) The Restricted Shares will be delivered to the Participant in
book entry or other electronic form by causing the Restricted Shares to be credited to an account for the Participant maintained by the Corporation’s transfer agent or as may otherwise be designated from time to time by the Corporation to
assist in the administration of the Plan (the “Participant’s Account”). 

 (ii) Restricted Shares will be credited to Participant’s Account on or before
the date on which they are scheduled to vest; provided, however, that, if any Restricted Shares vest before such date, such Restricted Shares shall be credited reasonably promptly (as determined by the Corporation) thereafter. 
 (iii) Upon vesting, the vested Restricted Shares shall be delivered to the Participant, at the Corporations option, in book entry
form, by direct registration with the Corporation’s transfer agent, or by a stock certificate. Such Restricted Stock shall be subject to such stop transfer instructions as provided in connection with the Company’s insider trading and other
compliance policies and procedures and except to the extent that any Restricted Shares may be sold pursuant to Section 4.3 to satisfy Withholding Requirements (as defined in Section 4.3)). Upon forfeiture of any Restricted Shares, the
Broker and such transfer agent will be instructed to debit such Restricted Shares from Participant’s Account and return them to the Corporation. 
 (iv) Each book entry relating to Restricted Shares may otherwise include such restrictive instructions in such forms as the Corporation may deem convenient, expedient, necessary or appropriate relating to
the restrictions under this Agreement, applicable securities, tax or other laws or applicable rules of any securities exchange or market. 
 4.2 Transfer of Restricted Shares. 
 (i) Unvested Restricted Shares cannot be Transferred to any Person
or entity or for any purpose without the prior written consent of the Corporation. Any attempt to effect a Transfer of unvested Restricted Shares without such consent shall be null and void. 
 (ii) To the extent necessary (as determined by the Corporation) to permit resale by the Participant of vested Restricted Shares, the
Corporation will use reasonable efforts to register the resale of such Restricted Shares under the Securities Act, so long as the Corporation is permitted to do so on Form S-3 or S-8 or a similar abbreviated form and subject to the terms and
conditions set forth in the Plan and such other reasonable or customary terms and conditions as be may be imposed by the Corporation (including those relating to indemnification by the Participant for errors or omissions from information provided by
the Participant). 
 4.3 Withholding of Taxes. 
 (i) The Company shall withhold or deduct from any or all payments or amounts due to or held for the Participant, whether due from
the Company or held in the Participant’s Account, an amount (the “Withholding Amount”) equal to all taxes (including social security and medicare, and other governmental charges of any kind as well as income and other taxes)
required to be withheld or deducted with respect to any and all taxable income and other amounts attributable to the Restricted Shares (the “Withholding Requirement”). 

 (ii) The Withholding Amount shall be determined by the Company. 
 (iii) The timing of withholding or deduction from such payments or amounts shall be determined by the Company; provided, however,
that, if such taxes are required to be paid to a tax or other governmental authority before such withholding or deduction is made, then the Company shall pay such taxes when due as agent for the Participant and shall be entitled to reimbursement
therefor from such payments or amounts, or otherwise. 
 (iv) The Corporation may restrict transfer of any or all vested
Restricted Shares until all Withholding Requirements are satisfied. 
 (v) Unless the Participant has made or makes a
timely election pursuant to Section 83(b) of the Code, the Participant authorizes the Corporation and the Broker to: 
 (A) sell, on his or her behalf and for his or her account, from time to time and at any time as the Corporation or the Broker may deem necessary, appropriate, convenient or expedient to satisfy each Withholding Requirement or to reimburse
the Company in respect thereof, a sufficient number of Restricted Shares (as determined by the Corporation or the Broker) so that the net proceeds from such sale equal or exceed the applicable Withholding Amount; and 
 (B) use the net proceeds to satisfy such Withholding Requirement (with any excess net proceeds to be paid to or deposited in an
account of the Participant). 
 (vi) If the Participant has made or makes an election pursuant to Section 83(b) of
the Code, he or she shall immediately file a copy thereof with the Company and upon demand by the Company make a cash payment to the Company equal to any Withholding Amount in respect thereof. 
 (vii) In connection with any sale of Restricted Shares pursuant to this Section 4.3, the Participant agrees that: 

(A) such sale may be aggregated with sales of restricted stock granted to other participants under the Plan or other plans of the
Company; 
 (B) such aggregated sales may be made from time to time in one or more installments at any time; 

(C) such aggregated sales may be made over time as the Corporation or the Broker may deem necessary, appropriate, convenient or
expedient with a view toward avoidance or minimization of disruption of the market for the Common Stock, administrative convenience, minimization of costs and expenses or other factors; and 

 (D) the net proceeds from such aggregated sales and the sale prices of the shares
sold may be allocated among such Restricted Shares and other shares of restricted stock and the Participant and such other participants as the Corporation or the Broker may deem reasonable. 
 (viii) The Participant understands that: 
 (A) different Withholding Requirements may arise at different times based on time of delivery or vesting of Restricted Shares, tax elections or other factors; 
 (B) different Withholding Requirements may be based on different values attributable to the Restricted Shares at such times or
otherwise based on applicable tax laws, changes in the financial performance or prospects of the Company, changes in market or economic conditions or other factors; 
 (C) it may not be practicable or permissible to sell Restricted Shares to satisfy each Withholding Requirement at the time due
because of rules and requirements of the Broker, administrative rules and requirements of the Company, restrictions under the Company’s insider trading and other compliance policies and procedures, potential liability for short-swing profits
under Section 16(b) of the Exchange Act, applicable securities, tax or other laws, applicable rules of any securities exchange or market, or other factors; and 
 (D) as a result, Restricted Shares may be sold at times and values that differ, potentially significantly, from those applicable to
such Withholding Requirement and that such differences can result in gains or losses, potentially significant, relative to those values and capital gains and losses for tax purposes in addition to the taxes described in Section 4.3(i).

 (ix) The Participant hereby appoints each officer and assistant officer of the Corporation to be the
Participant’s true and lawful agent, proxy and attorney-in-fact, with full power of substitution and re-substitution (each, an “attorney-in-fact” and, together, the “attorneys-in-fact”), to take, cause to be
taken and authorize the taking of any and all actions (including the giving of instructions to sell and the approval of confirmations), to incur, cause to be incurred and authorize the incurrence of any and all costs and expenses (including
brokerage commissions), to undertake, cause to be undertaken and authorize the undertaking of any and all obligations and to execute, acknowledge, file, publish and deliver, cause to be executed, acknowledged, filed, published and delivered and
authorize the execution, acknowledgement, filing, publication and delivery of any and all agreements, instruments and documents (including stock powers, account agreements and related documents, and wire transfer instructions) which any such
attorney-in-fact may deem necessary, appropriate, convenient or expedient to sell Restricted Shares, on behalf and for the account of the Participant, to generate net proceeds to satisfy any and all Withholding Requirements, to use net proceeds in
satisfaction thereof and to otherwise give effect to the intent and purposes of this Section 4.3, all in the name of the Participant, any such attorney-in-fact, 

 
the Corporation or any Subsidiary and all at such times, in such manners, in such amounts, on such exchanges or markets, on such terms, through such brokers, dealers
and accounts and otherwise as any such attorney-in-fact may determine in his or her sole and absolute discretion, and hereby grants to each attorney-in-fact the full power and authority to do any and all things necessary, convenient, expedient or
appropriate in connection therewith. This power of attorney shall not be affected in any manner by reason of the execution, at any time, of other powers of attorney by the Participant in favor of persons other than the attorneys-in-fact named herein
and shall not be affected by the subsequent death, disability or incompetence of the Participant. This power of attorney is irrevocable and coupled with an interest and shall remain in effect until all Withholding Requirements have been fully and
unconditionally satisfied. All persons dealing with any of the attorneys-in-fact may assume that this power of attorney has not been revoked and may be relied upon. 
 (x) The Participant acknowledges and agrees that neither the Company, the Broker nor any of their respective affiliates, control
persons, directors, officers, employees, representatives or agents shall have any liability or obligation for any losses, damages, costs or expenses of any kind or under any theory arising out of or in connection with any action taken or omitted to
be taken or any delay in taking any action pursuant to or contemplated by this Section 4.3 (including the determination of any Withholding Amount or the time when any Withholding Requirement is required to be satisfied or any sale of or delay
in selling or failure to sell or the price, terms or conditions of sale of any or all of the Restricted Shares), including any liability for any claim that the Participant could have made more or lost less in connection therewith or for any capital
gain or loss due to the difference in time between the triggering of a Withholding Requirement and the resale of Restricted Shares in respect thereof or for violations of insider trading or other laws or for incurrence of liability for short-swing
profits under Section 16(b) of the Exchange Act, except to the extent that a court of competent jurisdiction determines by final and nonappealable judgment that any such losses, damages, costs or expenses resulted from actions taken or omitted
to be taken by them in bad faith or from their gross negligence or willful misconduct. References in this Section 4.3 to “selling” and correlative terms include all activities related thereto, including placement and execution
of sell orders, selection of brokers and dealers, delivery of share certificates, receipt of proceeds and payment of fees and commissions. 
 (xi) The provisions hereof regarding sale of Restricted Shares to satisfy Withholding Requirements are also intended to constitute a trading plan within the meaning of Rule 10b5-1 under Securities Act. 
 (xii) The Participant accepts this Agreement and the Restricted Shares subject to, and agrees to assume, the limitations, risks and
responsibilities inherent with respect to the Restricted Shares, including those mentioned in this Agreement. 

 Article V 
 FORFEITURE 
 Notwithstanding anything contained herein to the contrary, if the Participant engages in Detrimental
Conduct, then the Compensation Committee or the Board shall have the right, in its sole and good faith judgment, to suspend (temporarily or permanently) the vesting of any or all of the Restricted Shares, extend the date for such vesting, suspend
(temporarily or permanently) the Transferability of any or all of the Restricted Shares, require the forfeiture of any or all of the Restricted Shares then held by the Participant or his affiliates or related parties, or take any other actions in
respect of any or all of the Restricted Shares or this Agreement. 
 ARTICLE VI 
 MISCELLANEOUS 
 6.1 Notices. All notices to a party must be given in writing
and shall be deemed to have been duly given when delivered by hand or three days after deposited in the mail, postage prepaid or, in the case of telecopy or email notice, when received, addressed as follows or to such other address as to which the
intended receiving party shall have duly given notice to the notifying party hereunder: 
  

	 	(i)	 If to the Company, to the following address: 

 GrafTech International Ltd. 
 12900 Snow Road 
 Parma, Ohio 44130 
 Attn: General Counsel 
 Telecopy: (216) 676-2426 
 with a copy to: 
 UCAR Carbon Company Inc. 
 12900 Snow Road 
 Parma, Ohio 44130 
 Attn: Human Resources 
 Telecopy: (216) 676-2143 
 Email: james.pegram@graftech.com 
  

	 	(ii)	 If to the Participant, to his or her most recent primary residential address or business telecopy or email address as shown on the records of the Company.

 6.2 Amendments and Conflicting Agreements. This Agreement may be amended by a written instrument executed
by the parties which specifically states that it is amending this Agreement or by a written instrument executed by the Corporation which so states if such amendment is not adverse to the Participant or relates to administrative matters. Subject to
the next sentence, if there is a conflict or inconsistency between this Agreement and the Plan, the Plan shall govern. Notwithstanding anything contained herein or in the Plan to the contrary, to the extent that any severance agreement 

 
(including any agreement related to a change in control of the Corporation, however defined) provides rights, terms or conditions that are more favorable to the
Participant than those provided in this Agreement or the Plan, such more favorable rights, terms and conditions shall govern. 
 6.3
Governing Law and Interpretation. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware applicable to contracts made and to be performed therein without regard to the conflicts of
law principles thereof. Whenever the word “including” is used herein, it shall be deemed to be followed by the phrase “without limitation”. Unless otherwise specified herein, all determinations, consents, elections and other
decisions by the Company, the Board, the Compensation Committee or the Broker may be made, withheld or delayed in its sole and absolute discretion. 
 6.4 Internal Revenue Code Section 409A. The parties recognize that certain provisions of this Agreement may be affected by Section 409A of the Code and agree to negotiate in good faith to amend this Agreement
with respect to any changes necessary or advisable to comply with Section 409A. To the extent that the Participant incurs any taxes imposed to the extent caused by the Company’s failure to comply with the provisions of Section 409A of
the Code, the Company shall indemnify the Participant therefor. 
 6.5 Titles. Titles are provided herein for convenience only
and are not to serve as a basis for interpretation or construction of this Agreement. 
 6.6 Counterparts. This Agreement may be
executed in counterparts, which together shall constitute one and the same instrument and which will be deemed effective whether received in original form or by telecopy or other electronic means. 
 IN WITNESS WHEREOF, this Agreement has been executed and delivered by the parties. 
  

									
	PARTICIPANT	 	 	 	GRAFTECH INTERNATIONAL LTD.
				
	 	 	 	 	By:	 	 /s/ Craig S. Shular

	Signed	 	 	 	Name:	 	 Craig S. Shular

	 	 	 	 	Title:	 	 President & CEO

 RESTRICTED STOCK AGREEMENT 
 (2005 Plan Version) 
 This Restricted Stock Agreement (this “Agreement”),
is entered into as of October 5, 2007 (the “Grant Date”), between GrafTech International Ltd. (the “Corporation”) and <<NAME>> (the “Participant”) pursuant to the GrafTech
International Ltd. 2005 Equity Incentive Plan (the “Plan”) . 
 BACKGROUND 
 The Plan allows the Corporation to provide rewards and incentives to employees of the Company by granting them shares of Common Stock. The Board or
the Compensation Committee has determined that it would be in the best interest of the Corporation and its stockholders to grant the Restricted Shares to the Participant under the Plan. 
 In consideration of the covenants contained herein and other good and valuable consideration, receipt of which is hereby acknowledged, the parties
agree as follows: 
 ARTICLE VII 
 DEFINITIONS 
 Whenever capitalized terms are used in this Agreement, they shall have the meanings set forth in this
Agreement or, if not defined in this Agreement, as set forth in the written employment agreement between the Participant and the Company or, if not defined in this Agreement and if not defined in such an employment agreement or there is no such
employment agreement, as set forth in the Plan. A copy of the Plan has been made available to the Participant and the terms of the Plan are incorporated herein by reference. 
 “Cause” shall mean: 
 (i) gross neglect or willful and
continuing refusal by the Participant to substantially perform his or her duties or responsibilities for or owed to the Company (other than due to death, Disability or Retirement); 
 (ii) breach by the Participant of his or her confidentiality obligations owed to the Company; 
 (iii) willful engagement by the Participant in conduct which is demonstrably injurious to the Company (including a breach by the
Participant of his or her confidentiality, non-competition or non-solicitation obligations owed to the Company); or 

 (iv) conviction or plea of nolo contendere by the Participant to a
felony or a misdemeanor involving dishonesty or financial or economic wrongdoing (such as fraud, embezzlement, insider trading, bribery, theft, price fixing, graft or corrupt payments, perjury or false certification). 
 ARTICLE VIII 
 GRANT OF RESTRICTED SHARES

 8.1 Grant of Restricted Shares. The Participant is hereby granted <<NUMBER>> shares of Common Stock
subject to the restrictions and conditions set forth in this Agreement. References in this Agreement to “Restricted Shares” mean the shares of Common Stock granted hereby and any cash, securities, rights or property distributed in
respect thereof or issued in exchange therefor (which shall be subject to the same restrictions and provisions as such shares). 
 8.2
Value of Restricted Shares. The Fair Market Value of the Restricted Shares at the close of trading on the Grant Date was $             per share. 
 ARTICLE IX 
 VESTING OF RESTRICTED SHARES

 All of the Restricted Shares are unvested. Subject to Section 6.2, Restricted Shares shall vest at such times as described
in, and to the extent provided in, Section 3.1 or 3.2, in each case subject to the limitations set forth in Section 3.3. Subject to Section 6.2, all unvested Restricted Shares shall be forfeitable as set forth in Sections 3.1 and 3.3
and shall be non-transferable as set forth in Section 4.2. All vested Restricted Shares shall become non-forfeitable and transferable at the time they first vest, although: 
 (i) transferability may be subject to pre-clearance, blackout, registration and other restrictions under the Company’s insider
trading and other compliance policies and procedures; 
 (ii) transferability may be restricted under Section 4.3
until all Withholding Requirements (as defined herein) are satisfied; and 
 (iii) transfers by executive officers
should be reviewed in advance to determine if there would be any potential liability for short-swing profits under Section 16(b) of the Exchange Act. 
 9.1 Vesting. To the extent not sooner vested and unless previously forfeited pursuant to Section 3.3, and subject to the forfeiture provisions set forth below in this Section 3.1,unvested Restricted Shares
shall vest as follows: 
 (i) if the Company attains its 2008 financial performance target for the Company as a whole as
established by the Board or one of its authorized committees pursuant to the GrafTech International Ltd. Incentive 

 
Compensation Plan (the “ICP”) in effect for 2008 (the “2008 Target”), then one-third of the Restricted Shares shall vest under this Section at the
close of business on February 27, 2009, provided that in the event the 2008 Target is not attained, then one-third of the Restricted Shares shall cease to vest and shall be forfeited as of February 27, 2009; 
 (ii) if the Company attains its 2009 financial performance target as established by the Board or one of its authorized committees
(the “2009 Target”), then one-third of the Restricted Shares shall vest under this Section at the close of business on February 26, 2010, provided that in the event the 2009 Target is not attained, then one-third of the Restricted
Shares shall cease to vest and shall be forfeited as of February 26, 2010; 
 (iii) if the Company attains its 2010
financial performance target for 2010 as established by the Board or one of its authorized committees (the “2010 Target”), then one-third of the Restricted Shares shall vest under this Section at the close of business on February 28,
2011, provided that in the event the 2010 Target is not attained, then one-third of the Restricted Shares shall cease to vest and shall be forfeited as of February 28, 2011. 
 9.2 Change in Control. Unless previously forfeited pursuant to Section 3.1 or 3.3, all unvested Restricted Shares shall vest upon the
occurrence of a Change in Control. 
 9.3 Effect of Termination of Employment and Other Events on Vesting; Forfeiture of Unvested
Restricted Shares. Unless otherwise determined by the Board or the Compensation Committee and subject to Section 6.2, all unvested Restricted Shares shall cease to vest and shall be forfeited upon the earliest to occur of: 
 (i) the time of notification of the termination of the Participant’s employment by the Company for Cause or Detrimental
Conduct; 
 (ii) the date Participant’s employment with the Company terminates for any reason including
resignation, retirement, disability or death; or 
 (iii) the date on which the Board or the Compensation Committee
takes such action pursuant to Article V (or such later date as may be specified by the Board or the Compensation Committee). 
 9.4
Effective Date of Termination of Employment or Retirement. For purposes hereof, except as otherwise set forth in Section 3.3(i), the date of resignation or termination of employment means the last date of actual employment, even if a
different date is used for administrative convenience in connection with employee retirement, benefit or welfare plans. 

 ARTICLE X 
 PROCEDURES AFFECTING RESTRICTED SHARES 
 10.1 Delivery of Restricted Shares. 
 (i) The Restricted Shares will be delivered to the Participant in book entry or other electronic form by causing the Restricted
Shares to be credited to an account for the Participant maintained by the Corporation’s transfer agent or as may otherwise be designated from time to time by the Corporation to assist in the administration of the Plan (the
“Participant’s Account”). 
 (ii) Restricted Shares will be credited to Participant’s Account on or
before the date on which they are scheduled to vest; provided, however, that, if any Restricted Shares vest before such date, such Restricted Shares shall be credited reasonably promptly (as determined by the Corporation) thereafter. 
 (iii) Upon vesting, the vested Restricted Shares shall be delivered to the Participant, at the Corporations option, in book entry
form, by direct registration with the Corporation’s transfer agent, or by a stock certificate. Such Restricted Stock shall be subject to such stop transfer instructions as provided in connection with the Company’s insider trading and other
compliance policies and procedures and except to the extent that any Restricted Shares may be sold pursuant to Section 4.3 to satisfy Withholding Requirements (as defined in Section 4.3)). Upon forfeiture of any Restricted Shares, the
Broker and such transfer agent will be instructed to debit such Restricted Shares from Participant’s Account and return them to the Corporation. 
 (iv) Each book entry relating to Restricted Shares may otherwise include such restrictive instructions in such forms as the Corporation may deem convenient, expedient, necessary or appropriate relating to
the restrictions under this Agreement, applicable securities, tax or other laws or applicable rules of any securities exchange or market. 
 10.2 Transfer of Restricted Shares. 
 (i) Unvested Restricted Shares cannot be Transferred to any
Person or entity or for any purpose without the prior written consent of the Corporation. Any attempt to effect a Transfer of unvested Restricted Shares without such consent shall be null and void. 
 (ii) To the extent necessary (as determined by the Corporation) to permit resale by the Participant of vested Restricted Shares, the
Corporation will use reasonable efforts to register the resale of such Restricted Shares under the Securities Act, so long as the Corporation is permitted to do so on Form S-3 or S-8 or a similar abbreviated form and subject to the terms and
conditions set forth in the Plan and such other reasonable or customary terms and conditions as be may be imposed by the Corporation (including those relating to indemnification by the Participant for errors or omissions from information provided by
the Participant). 

 10.3 Withholding Taxes. 
 (i) The Company shall withhold or deduct from any or all payments or amounts due to or held for the Participant, whether due from
the Company or held in the Participant’s Account, an amount (the “Withholding Amount”) equal to all taxes (including social security and medicare, and other governmental charges of any kind as well as income and other taxes)
required to be withheld or deducted with respect to any and all taxable income and other amounts attributable to the Restricted Shares (the “Withholding Requirement”). Alternatively, the Participant may elect to pay the Withholding
Amount in cash upon such terms and conditions as are acceptable to the Company. 
 (ii) The Withholding Amount shall be
determined by the Company. 
 (iii) The timing of withholding or deduction from such payments or amounts shall be
determined by the Company; provided, however, that, if such taxes are required to be paid to a tax or other governmental authority before such withholding or deduction is made, then the Company shall pay such taxes when due as agent for the
Participant and shall be entitled to reimbursement therefor from such payments or amounts, or otherwise. 
 (iv) The
Corporation may restrict transfer of any or all vested Restricted Shares until all Withholding Requirements are satisfied. 
 (v) Unless the Participant has made or makes a timely election pursuant to Section 83(b) of the Code or has paid the Withholding Amount in cash as provided above, the Participant authorizes the Corporation and the Broker to:

 (A) sell, on his or her behalf and for his or her account, from time to time and at any time as the Corporation or
the Broker may deem necessary, appropriate, convenient or expedient to satisfy each Withholding Requirement or to reimburse the Company in respect thereof, a sufficient number of Restricted Shares (as determined by the Corporation or the Broker) so
that the net proceeds from such sale equal or exceed the applicable Withholding Amount; and 
 (B) use the net proceeds
to satisfy such Withholding Requirement (with any excess net proceeds to be paid to or deposited in an account of the Participant). 
 (vi) If the Participant has made or makes an election pursuant to Section 83(b) of the Code, he or she shall immediately file a copy thereof with the Company and upon demand by the Company make a cash payment to the
Company equal to any Withholding Amount in respect thereof. 

 (vii) In connection with any sale of Restricted Shares pursuant to this
Section 4.3, the Participant agrees that: 
 (A) such sale may be aggregated with sales of restricted stock granted
to other participants under the Plan or other plans of the Company; 
 (B) such aggregated sales may be made from time
to time in one or more installments at any time; 
 (C) such aggregated sales may be made over time as the Corporation
or the Broker may deem necessary, appropriate, convenient or expedient with a view toward avoidance or minimization of disruption of the market for the Common Stock, administrative convenience, minimization of costs and expenses or other factors;
and 
 (D) the net proceeds from such aggregated sales and the sale prices of the shares sold may be allocated among
such Restricted Shares and other shares of restricted stock and the Participant and such other participants as the Corporation or the Broker may deem reasonable. 
 (viii) The Participant understands that: 
 (A) different Withholding
Requirements may arise at different times based on time of delivery or vesting of Restricted Shares, tax elections or other factors; 
 (B) different Withholding Requirements may be based on different values attributable to the Restricted Shares at such times or otherwise based on applicable tax laws, changes in the financial performance or prospects of the
Company, changes in market or economic conditions or other factors; 
 (C) it may not be practicable or permissible to
sell Restricted Shares to satisfy each Withholding Requirement at the time due because of rules and requirements of the Broker, administrative rules and requirements of the Company, restrictions under the Company’s insider trading and other
compliance policies and procedures, potential liability for short-swing profits under Section 16(b) of the Exchange Act, applicable securities, tax or other laws, applicable rules of any securities exchange or market, or other factors; and

 (D) as a result, Restricted Shares may be sold at times and values that differ, potentially significantly, from those
applicable to such Withholding Requirement and that such differences can result in gains or losses, potentially significant, relative to those values and capital gains and losses for tax purposes in addition to the taxes described in
Section 4.3(i). 
 (ix) The Participant hereby appoints each officer and assistant officer of the Corporation to be
the Participant’s true and lawful agent, proxy and attorney-in-fact, with full power of substitution and re-substitution (each, an 

 
“attorney-in-fact” and, together, the “attorneys-in-fact”), to take, cause to be taken and authorize the taking of any and all
actions (including the giving of instructions to sell and the approval of confirmations), to incur, cause to be incurred and authorize the incurrence of any and all costs and expenses (including brokerage commissions), to undertake, cause to be
undertaken and authorize the undertaking of any and all obligations and to execute, acknowledge, file, publish and deliver, cause to be executed, acknowledged, filed, published and delivered and authorize the execution, acknowledgement, filing,
publication and delivery of any and all agreements, instruments and documents (including stock powers, account agreements and related documents, and wire transfer instructions) which any such attorney-in-fact may deem necessary, appropriate,
convenient or expedient to sell Restricted Shares, on behalf and for the account of the Participant, to generate net proceeds to satisfy any and all Withholding Requirements, to use net proceeds in satisfaction thereof and to otherwise give effect
to the intent and purposes of this Section 4.3, all in the name of the Participant, any such attorney-in-fact, the Corporation or any Subsidiary and all at such times, in such manners, in such amounts, on such exchanges or markets, on such
terms, through such brokers, dealers and accounts and otherwise as any such attorney-in-fact may determine in his or her sole and absolute discretion, and hereby grants to each attorney-in-fact the full power and authority to do any and all things
necessary, convenient, expedient or appropriate in connection therewith. This power of attorney shall not be affected in any manner by reason of the execution, at any time, of other powers of attorney by the Participant in favor of persons other
than the attorneys-in-fact named herein and shall not be affected by the subsequent death, disability or incompetence of the Participant. This power of attorney is irrevocable and coupled with an interest and shall remain in effect until all
Withholding Requirements have been fully and unconditionally satisfied. All persons dealing with any of the attorneys-in-fact may assume that this power of attorney has not been revoked and may be relied upon. 
 (x) The Participant acknowledges and agrees that neither the Company, the Broker nor any of their respective affiliates, control
persons, directors, officers, employees, representatives or agents shall have any liability or obligation for any losses, damages, costs or expenses of any kind or under any theory arising out of or in connection with any action taken or omitted to
be taken or any delay in taking any action pursuant to or contemplated by this Section 4.3 (including the determination of any Withholding Amount or the time when any Withholding Requirement is required to be satisfied or any sale of or delay
in selling or failure to sell or the price, terms or conditions of sale of any or all of the Restricted Shares), including any liability for any claim that the Participant could have made more or lost less in connection therewith or for any capital
gain or loss due to the difference in time between the triggering of a Withholding Requirement and the resale of Restricted Shares in respect thereof or for violations of insider trading or other laws or for incurrence of liability for short-swing
profits under Section 16(b) of the Exchange Act, except to the extent that a court of competent jurisdiction determines by final and nonappealable judgment that any such losses, damages, costs or expenses resulted from actions taken or omitted
to be taken by them in bad faith or from their gross negligence or willful misconduct. References in this Section 4.3 to “selling” and correlative terms include all activities related thereto, including placement and execution
of sell orders, selection of brokers and dealers, delivery of share certificates, receipt of proceeds and payment of fees and commissions. 

 (xi) The provisions hereof regarding sale of Restricted Shares to satisfy
Withholding Requirements are also intended to constitute a trading plan within the meaning of Rule 10b5-1 under Securities Act. 
 (xii) The Participant accepts this Agreement and the Restricted Shares subject to, and agrees to assume, the limitations, risks and responsibilities inherent with respect to the Restricted Shares, including those mentioned in
this Agreement. 
 ARTICLE XI 
 FORFEITURE

 Notwithstanding anything contained herein to the contrary, if the Participant engages in Detrimental Conduct, then the
Compensation Committee or the Board shall have the right, in its sole and good faith judgment, to suspend (temporarily or permanently) the vesting of any or all of the Restricted Shares, extend the date for such vesting, suspend (temporarily or
permanently) the Transferability of any or all of the Restricted Shares, require the forfeiture of any or all of the Restricted Shares then held by the Participant or his affiliates or related parties, or take any other actions in respect of any or
all of the Restricted Shares or this Agreement. 
 ARTICLE XII 
 MISCELLANEOUS 
 12.1 Notices. All notices to a party must be given in writing and shall be deemed
to have been duly given when delivered by hand or three days after deposited in the mail, postage prepaid or, in the case of telecopy or email notice, when received, addressed as follows or to such other address as to which the intended receiving
party shall have duly given notice to the notifying party hereunder: 
  

	 	(i)	 If to the Company, to the following address: 

 GrafTech International Ltd. 
 12900 Snow Road 
 Parma, Ohio 44130 
 Attn: General Counsel 
 Telecopy: (216) 676-2426 
 with a copy to: 
 UCAR Carbon Company Inc. 
 12900 Snow Road 
 Parma, Ohio 44130 
 Attn: Human Resources 
 Telecopy: (216) 676-2143 
 Email: brian.blowes @graftech.com 

	 	(ii)	 If to the Participant, to his or her most recent primary residential address or business telecopy or email address as shown on the records of the Company.

 12.2 Amendments and Conflicting Agreements. This Agreement may be amended by a written instrument executed
by the parties which specifically states that it is amending this Agreement or by a written instrument executed by the Corporation which so states if such amendment is not adverse to the Participant or relates to administrative matters. Subject to
the next sentence, if there is a conflict or inconsistency between this Agreement and the Plan, the Plan shall govern. Notwithstanding anything contained herein or in the Plan to the contrary, to the extent that any severance agreement (including
any agreement related to a change in control of the Corporation, however defined) provides rights, terms or conditions that are more favorable to the Participant than those provided in this Agreement or the Plan, such more favorable rights, terms
and conditions shall govern. 
 12.3 Governing Law and Interpretation. This Agreement shall be governed by and construed and
enforced in accordance with the laws of the State of Delaware applicable to contracts made and to be performed therein without regard to the conflicts of law principles thereof. Whenever the word “including” is used herein, it shall be
deemed to be followed by the phrase “without limitation”. Unless otherwise specified herein, all determinations, consents, elections and other decisions by the Company, the Board, the Compensation Committee or the Broker may be made,
withheld or delayed in its sole and absolute discretion. 
 12.4 Internal Revenue Code Section 409A. The parties recognize
that certain provisions of this Agreement may be affected by Section 409A of the Code and agree to negotiate in good faith to amend this Agreement with respect to any changes necessary or advisable to comply with Section 409A. To the
extent that the Participant incurs any taxes imposed to the extent caused by the Company’s failure to comply with the provisions of Section 409A of the Code, the Company shall indemnify the Participant therefor. 
 12.5 Titles. Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this
Agreement. 
 12.6 Counterparts. This Agreement may be executed in counterparts, which together shall constitute one and the
same instrument and which will be deemed effective whether received in original form or by telecopy or other electronic means. 
 IN
WITNESS WHEREOF, this Agreement has been executed and delivered by the parties. 
  

									
	PARTICIPANT	 	 	 	GRAFTECH INTERNATIONAL LTD.
				
	 	 	 	 	By:	 	/s/ Craig S. Shular
	Signed	 	 	 	Name:	 	Craig S. Shular
	 	 	 	 	Title:	 	President & CEO

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