Document:

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                                                                    EXHIBIT 4.01

                          VERITAS SOFTWARE CORPORATION

                       2002 EMPLOYEE STOCK PURCHASE PLAN

                      (AS ADOPTED EFFECTIVE MAY 14, 2002)

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                               TABLE OF CONTENTS

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<Caption>
                                                               PAGE
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SECTION 1.  PURPOSE OF THE PLAN.............................     1
SECTION 2.  ADMINISTRATION OF THE PLAN......................     1
     (a) Committee Composition..............................     1
     (b) Committee Responsibilities.........................     1
SECTION 3.  ENROLLMENT AND PARTICIPATION....................     1
     (a) Offering Periods...................................     1
     (b) Purchase Periods...................................     1
     (c) Enrollment.........................................     1
     (d) Duration of Participation..........................     1
     (e) Applicable Offering Period.........................     1
SECTION 4.  EMPLOYEE CONTRIBUTIONS..........................     2
     (a) Frequency of Payroll Deductions....................     2
     (b) Amount of Payroll Deductions.......................     2
     (c) Changing Withholding Rate..........................     2
     (d) Discontinuing Payroll Deductions...................     2
     (e) Limit on Number of Elections.......................     2
SECTION 5.  WITHDRAWAL FROM THE PLAN........................     2
     (a) Withdrawal.........................................     2
     (b) Re-Enrollment After Withdrawal.....................     2
SECTION 6.  CHANGE IN EMPLOYMENT STATUS.....................     2
     (a) Termination of Employment..........................     2
     (b) Leave of Absence...................................     3
     (c) Death..............................................     3
SECTION 7.  PLAN ACCOUNTS AND PURCHASE OF SHARES............     3
     (a) Plan Accounts......................................     3
     (b) Purchase Price.....................................     3
     (c) Number of Shares Purchased.........................     3
     (d) Available Shares Insufficient......................     3
     (e) Issuance of Stock..................................     3
     (f) Tax Withholding....................................     3
     (g) Unused Cash Balances...............................     4
     (h) Stockholder Approval...............................     4
SECTION 8.  LIMITATIONS ON STOCK OWNERSHIP..................     4
     (a) Five Percent Limit.................................     4
     (b) Dollar Limit.......................................     4
SECTION 9.  RIGHTS NOT TRANSFERABLE.........................     5
SECTION 10.  NO RIGHTS AS AN EMPLOYEE.......................     5
SECTION 11.  NO RIGHTS AS A STOCKHOLDER.....................     5
SECTION 12.  SECURITIES LAW REQUIREMENTS....................     5
</Table>

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<Table>
<Caption>
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SECTION 13.  STOCK OFFERED UNDER THE PLAN...................     5
     (a) Authorized Shares..................................     5
     (b) Anti-Dilution Adjustments..........................     5
     (c) Reorganizations....................................     5
SECTION 14.  AMENDMENT OR DISCONTINUANCE....................     6
SECTION 15.  DEFINITIONS....................................     6
     (a) Board..............................................     6
     (b) Code...............................................     6
     (c) Committee..........................................     6
     (d) Company............................................     6
     (e) Compensation.......................................     6
     (f) Corporate Reorganization...........................     6
     (g) Eligible Employee..................................     6
     (h) Exchange Act.......................................     6
     (i) Fair Market Value..................................     6
     (j) Offering Period....................................     6
     (k) Participant........................................     6
     (l) Participating Company..............................     6
     (m) Plan...............................................     6
     (n) Plan Account.......................................     7
     (o) Purchase Period....................................     7
     (p) Purchase Price.....................................     7
     (q) Stock..............................................     7
     (r) Subsidiary.........................................     7
</Table>

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                          VERITAS SOFTWARE CORPORATION

                       2002 EMPLOYEE STOCK PURCHASE PLAN

SECTION 1.  PURPOSE OF THE PLAN.

     The Board adopted the Plan effective as of May 14, 2002. The purpose of
the Plan is to provide Eligible Employees with an opportunity to increase their
proprietary interest in the success of the Company by purchasing Stock from the
Company on favorable terms and to pay for such purchases through payroll
deductions. The Plan is intended to qualify under section 423 of the Code.

SECTION 2.  ADMINISTRATION OF THE PLAN.

     (a) COMMITTEE COMPOSITION.  The Committee shall administer the Plan. The
Committee shall consist exclusively of one or more directors of the Company, who
shall be appointed by the Board.

     (b) COMMITTEE RESPONSIBILITIES.  The Committee shall interpret the Plan and
make all other policy decisions relating to the operation of the Plan. The
Committee may adopt such rules, guidelines and forms as it deems appropriate to
implement the Plan. The Committee's determinations under the Plan shall be final
and binding on all persons.

SECTION 3.  ENROLLMENT AND PARTICIPATION.

     (a) OFFERING PERIODS.  While the Plan is in effect, two overlapping
Offering Periods shall commence in each calendar year. The Offering Periods
shall consist of the 24-month periods commencing on each February 16 and August
16.

     (b) PURCHASE PERIODS.  While the Plan is in effect, two Purchase Periods
shall commence in each calendar year. The Purchase Periods shall consist of the
six-month periods commencing on each February 16 and August 16.

     (c) ENROLLMENT.  Any individual who, on the day preceding the first day of
an Offering Period, qualifies as an Eligible Employee may elect to become a
Participant in the Plan for such Offering Period by executing the enrollment
form prescribed for this purpose by the Committee. The enrollment form shall be
filed with the Company at the prescribed location not later than February 15 for
the February Offering Period or August 15 for the August Offering Period.

     (d) DURATION OF PARTICIPATION.  Once enrolled in the Plan, a Participant
shall continue to participate in the Plan until he or she ceases to be an
Eligible Employee, withdraws from the Plan under Section 5(a) or reaches the end
of the Purchase Period in which his or her employee contributions were
discontinued under Section 4(d) or 8(b). A Participant who discontinued employee
contributions under Section 4(d) or withdrew from the Plan under Section 5(a)
may again become a Participant, if he or she then is an Eligible Employee, by
following the procedure described in Subsection (c) above. A Participant whose
employee contributions were discontinued automatically under Section 8(b) shall
automatically resume participation at the beginning of the earliest Purchase
Period ending in the next calendar year, if he or she then is an Eligible
Employee.

     (e) APPLICABLE OFFERING PERIOD.  For purposes of calculating the Purchase
Price under Section 7(b), the applicable Offering Period shall be determined as
follows:

          (i) Once a Participant is enrolled in the Plan for an Offering Period,
     such Offering Period shall continue to apply to him or her until the
     earliest of (A) the end of such Offering Period, (B) the end of his or her
     participation under Subsection (d) above or (C) re-enrollment for a
     subsequent Offering Period under Paragraph (ii) or (iii) below.

          (ii) In the event that the Fair Market Value of Stock on the first
     trading day of the Offering Period for which the Participant is enrolled is
     higher than on the last trading day before the commencement of

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     any subsequent Offering Period, the Participant shall automatically be
     re-enrolled for such subsequent Offering Period.

          (iii) Any other provision of the Plan notwithstanding, the Company (at
     its sole discretion) may determine prior to the commencement of any new
     Offering Period that all Participants shall be re-enrolled for such new
     Offering Period.

          (iv) When a Participant reaches the end of an Offering Period but his
     or her participation is to continue, then such Participant shall
     automatically be re-enrolled for the Offering Period that commences
     immediately after the end of the prior Offering Period.

SECTION 4.  EMPLOYEE CONTRIBUTIONS.

     (a) FREQUENCY OF PAYROLL DEDUCTIONS.  A Participant may purchase shares of
Stock under the Plan solely by means of payroll deductions. Payroll deductions,
as designated by the Participant pursuant to Subsection (b) below, shall occur
on each payday during participation in the Plan.

     (b) AMOUNT OF PAYROLL DEDUCTIONS.  An Eligible Employee shall designate on
the enrollment form the portion of his or her Compensation that he or she elects
to have withheld for the purchase of Stock. Such portion shall be a whole
percentage of the Eligible Employee's Compensation, but not less than 2% nor
more than 10%.

     (c) CHANGING WITHHOLDING RATE.  If a Participant wishes to change the rate
of payroll withholding, he or she may do so by filing a new enrollment form with
the Company at the prescribed location at any time. The new withholding rate
shall be effective as soon as reasonably practicable after the Company has
received such form. The new withholding rate shall be a whole percentage of the
Eligible Employee's Compensation, but not less than 2% nor more than 10%.

     (d) DISCONTINUING PAYROLL DEDUCTIONS.  If a Participant wishes to
discontinue employee contributions entirely, he or she may do so by filing a new
enrollment form with the Company at the prescribed location at any time. Payroll
withholding shall cease as soon as reasonably practicable after the Company has
received such form. (In addition, employee contributions may be discontinued
automatically pursuant to Section 8(b).) A Participant who has discontinued
employee contributions may resume such contributions by filing a new enrollment
form with the Company at the prescribed location. Payroll withholding shall
resume as soon as reasonably practicable after the Company has received such
form.

     (e) LIMIT ON NUMBER OF ELECTIONS.  No Participant shall make more than 4
elections, or such lesser number as the Committee prescribes, under Subsection
(c) or (d) above during any Purchase Period.

SECTION 5.  WITHDRAWAL FROM THE PLAN.

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

     (b) RE-ENROLLMENT AFTER WITHDRAWAL.  A former Participant who has withdrawn
from the Plan shall not be a Participant until he or she re-enrolls in the Plan
under Section 3(c). Re-enrollment may be effective only at the commencement of
an Offering Period.

SECTION 6.  CHANGE IN EMPLOYMENT STATUS.

     (a) TERMINATION OF EMPLOYMENT.  Termination of employment as an Eligible
Employee for any reason, including death, shall be treated as an automatic
withdrawal from the Plan under Section 5(a). (A transfer from one Participating
Company to another shall not be treated as a termination of employment.)

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     (b) LEAVE OF ABSENCE.  For purposes of the Plan, employment shall not be
deemed to terminate when the Participant goes on a military leave, a sick leave
or another bona fide leave of absence, if the leave was approved by the Company
in writing. Employment, however, shall be deemed to terminate 90 days after the
Participant goes on a leave, unless a contract or statute guarantees his or her
right to return to work. Employment shall be deemed to terminate in any event
when the approved leave ends, unless the Participant immediately returns to
work.

     (c) DEATH.  In the event of the Participant's death, the amount credited to
his or her Plan Account shall be refunded through the Company's payroll services
to the individual or entity entitled to receive the Participant's final
paycheck.

SECTION 7.  PLAN ACCOUNTS AND PURCHASE OF SHARES.

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

     (b) PURCHASE PRICE.  The Purchase Price for each share of Stock purchased
at the close of a Purchase Period shall be the lower of:

          (i) 85% of the Fair Market Value of such share on the last trading day
     in such Purchase Period; or

          (ii) 85% of the Fair Market Value of such share on the first trading
     day of the applicable Offering Period (as determined under Section 3(e)).

     (c) NUMBER OF SHARES PURCHASED.  As of the last day of each Purchase
Period, each Participant shall be deemed to have elected to purchase the number
of shares of Stock calculated in accordance with this Subsection (c), unless the
Participant has previously elected to withdraw from the Plan in accordance with
Section 5(a). The amount then in the Participant's Plan Account shall be divided
by the Purchase Price, and the number of shares that results shall be purchased
from the Company with the funds in the Participant's Plan Account. The foregoing
notwithstanding, no Participant shall purchase more than 5,000 shares of Stock
with respect to any Purchase Period nor more than the amounts of Stock set forth
in Sections 8(b) and 13(a). The Committee may determine with respect to all
Participants that any fractional share, as calculated under this Subsection (c),
shall be (i) rounded down to the next lower whole share or (ii) credited as a
fractional share.

     (d) AVAILABLE SHARES INSUFFICIENT.  In the event that the aggregate number
of shares that all Participants elect to purchase during a Purchase Period
exceeds the maximum number of shares remaining available for issuance under
Section 13(a), then the number of shares to which each Participant is entitled
shall be determined by multiplying the number of shares available for issuance
by a fraction. The numerator of such fraction is the number of shares that such
Participant has elected to purchase, and the denominator of such fraction is the
number of shares that all Participants have elected to purchase.

     (e) ISSUANCE OF STOCK.  Certificates representing the shares of Stock
purchased by a Participant under the Plan shall be issued to him or her as soon
as reasonably practicable after the close of the applicable Purchase Period,
except that the Committee may determine that such shares shall be held for each
Participant's benefit by a broker designated by the Committee. Shares may be
registered in the name of the Participant or jointly in the name of the
Participant and his or her spouse as joint tenants with right of survivorship or
as community property.

     (f) TAX WITHHOLDING.  To the extent required by applicable federal, state,
local or foreign law, a Participant shall make arrangements satisfactory to the
Company for the satisfaction of any withholding tax obligations that arise in
connection with the Plan. The Company shall not be required to issue any shares
of Stock under the Plan until such obligations are satisfied.

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     (g) UNUSED CASH BALANCES.  An amount remaining in the Participant's Plan
Account that represents the Purchase Price for any fractional share shall be
carried over in the Participant's Plan Account to the next Purchase Period. Any
amount remaining in the Participant's Plan Account that represents the Purchase
Price for whole shares that could not be purchased by reason of Subsection (c)
above, Section 8(b) or Section 13(a) shall be refunded to the Participant in
cash, without interest.

     (h) STOCKHOLDER APPROVAL.  Any other provision of the Plan notwithstanding,
no shares of Stock shall be purchased under the Plan unless and until the
Company's stockholders have approved the adoption of the Plan.

SECTION 8.  LIMITATIONS ON STOCK OWNERSHIP.

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

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

          (ii) Each Participant shall be deemed to own any stock that he or she
     has a right or option to purchase under this or any other plan; and

          (iii) Each Participant shall be deemed to have the right to purchase
     5,000 shares of Stock under this Plan with respect to each Purchase Period,
     or such lesser number as the Committee establishes prior to the start of
     any Purchase Period.

     (b) DOLLAR LIMIT.  Any other provision of the Plan notwithstanding, no
Participant shall purchase Stock with a Fair Market Value in excess of the
following limit:

          (i) In the case of Stock purchased during an Offering Period that
     commenced in the current calendar year, the limit shall be equal to (A)
     $25,000 minus (B) the Fair Market Value of the Stock that the Participant
     previously purchased in the current calendar year (under this Plan and all
     other employee stock purchase plans of the Company or any parent or
     Subsidiary of the Company).

          (ii) In the case of Stock purchased during an Offering Period that
     commenced in the immediately preceding calendar year, the limit shall be
     equal to (A) $50,000 minus (B) the Fair Market Value of the Stock that the
     Participant previously purchased (under this Plan and all other employee
     stock purchase plans of the Company or any parent or Subsidiary of the
     Company) in the current calendar year and in the immediately preceding
     calendar year.

          (iii) In the case of Stock purchased during an Offering Period that
     commenced in the second preceding calendar year, the limit shall be equal
     to (A) $75,000 minus (B) the Fair Market Value of the Stock that the
     Participant previously purchased (under this Plan and all other employee
     stock purchase plans of the Company or any parent or Subsidiary of the
     Company) in the current calendar year and in the two preceding calendar
     years.

For purposes of this Subsection (b), the Fair Market Value of Stock shall be
determined in each case as of the beginning of the Offering Period in which such
Stock is purchased. Employee stock purchase plans not described in section 423
of the Code shall be disregarded. If a Participant is precluded by this
Subsection (b) from purchasing additional Stock under the Plan, then his or her
employee contributions shall automatically be discontinued and shall resume at
the beginning of the earliest Purchase Period ending in the next calendar year
(if he or she then is an Eligible Employee). In applying the provisions of this
Section 8(b), it is intended that the number of shares purchasable shall be the
maximum number permitted by Treas. Reg. Section 1.423-2(i).

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SECTION 9.  RIGHTS NOT TRANSFERABLE.

     The rights of any Participant under the Plan, or any Participant's interest
in any Stock or moneys to which he or she may be entitled under the Plan, shall
not be transferable by voluntary or involuntary assignment or by operation of
law, or in any other manner other than by beneficiary designation or the laws of
descent and distribution. If a Participant in any manner attempts to transfer,
assign or otherwise encumber his or her rights or interest under the Plan, other
than by beneficiary designation or the laws of descent and distribution, then
such act shall be treated as an election by the Participant to withdraw from the
Plan under Section 5(a).

SECTION 10.  NO RIGHTS AS AN EMPLOYEE.

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

SECTION 11.  NO RIGHTS AS A STOCKHOLDER.

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

SECTION 12.  SECURITIES LAW REQUIREMENTS.

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

SECTION 13.  STOCK OFFERED UNDER THE PLAN.

     (a) AUTHORIZED SHARES.  The total number of shares which may be issued in
the aggregate under this Plan, the 2002 International Employee Stock Purchase
Plan (the "International Plan") and the 1993 Employee Stock Purchase Plan (the
"1993 Plan") shall not exceed 21,893,518 shares (subject to adjustment pursuant
to this Section 13). Share issuances under the 1993 Plan shall reduce on a
share-for-share basis the number of shares available for issuance under this
Plan. On January 1 of each year, commencing with January 1, 2003, the aggregate
number of shares of Stock available for purchase under this Plan shall
automatically be increased by 1% of the total outstanding Stock of the Company
as of December 31 of the preceding year, but in no event shall such number
exceed 600,000 shares (subject to adjustment pursuant to this Section 13).

     (b) ANTI-DILUTION ADJUSTMENTS.  The aggregate number of shares of Stock
offered under the Plan, the 5,000-share limitation described in Section 7(c),
the 600,000-share limitation described in Section 13(a), and the price of shares
that any Participant has elected to purchase shall be adjusted proportionately
for any increase or decrease in the number of outstanding shares of Stock
resulting from a subdivision or consolidation of shares or the payment of a
stock dividend, any other increase or decrease in such shares effected without
receipt or payment of consideration by the Company, the distribution of the
shares of a Subsidiary to the Company's stockholders or a similar event.

     (c) REORGANIZATIONS.  Any other provision of the Plan notwithstanding,
immediately prior to the effective time of a Corporate Reorganization, the
Offering Period and Purchase Period then in progress shall terminate and shares
shall be purchased pursuant to Section 7, unless the Plan is continued or
assumed by the surviving corporation or its parent corporation. The Plan shall
in no event be construed to restrict in any way the Company's right to undertake
a dissolution, liquidation, merger, consolidation or other reorganization.

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SECTION 14.  AMENDMENT OR DISCONTINUANCE.

     The Board shall have the right to amend, suspend or terminate the Plan at
any time and without notice. Except as provided in Section 13, any increase in
the aggregate number of shares of Stock to be issued under the Plan shall be
subject to approval by a vote of the stockholders of the Company. In addition,
any other amendment of the Plan shall be subject to approval by a vote of the
stockholders of the Company to the extent required by an applicable law or
regulation. The Plan shall terminate automatically 20 years after its adoption
by the Board, unless (a) the Plan is extended by the Board and (b) the extension
is approved within 12 months by a vote of the stockholders of the Company.

SECTION 15.  DEFINITIONS.

     (a) "BOARD" means the Board of Directors of the Company, as constituted
from time to time.

     (b) "CODE" means the Internal Revenue Code of 1986, as amended.

     (c) "COMMITTEE" means a committee of the Board, as described in Section 2.

     (d) "COMPANY" means VERITAS Software Corporation, a Delaware corporation.

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

     (f) "CORPORATE REORGANIZATION" means:

          (i) The consummation of a merger or consolidation of the Company with
     or into another entity or any other corporate reorganization; or

          (ii) The sale, transfer or other disposition of all or substantially
     all of the Company's assets or the complete liquidation or dissolution of
     the Company.

     (g) "ELIGIBLE EMPLOYEE" means any employee of a Participating Company whose
customary employment is for more than five months per calendar year and for more
than 20 hours per week. The foregoing notwithstanding, an individual shall not
be considered an Eligible Employee if his or her participation in the Plan is
prohibited by the law of any country which has jurisdiction over him or her or
if he or she is subject to a collective bargaining agreement that does not
provide for participation in the Plan.

     (h) "EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended.

     (i) "FAIR MARKET VALUE" means the market price of a share of Common Stock,
determined by the Committee in good faith on such basis as it deems appropriate.
Whenever possible, the determination of Fair Market Value by the Committee shall
be based on the prices reported in The Wall Street Journal. Such determination
shall be conclusive and binding on all persons.

     (j) "OFFERING PERIOD" means a 24-month period with respect to which the
right to purchase Stock may be granted under the Plan, as determined pursuant to
Section 3(a).

     (k) "PARTICIPANT" means an Eligible Employee who elects to participate in
the Plan, as provided in Section 3(c).

     (l) "PARTICIPATING COMPANY" means (i) the Company and (ii) each present or
future Subsidiary designated by the Committee as a Participating Company.

     (m) "PLAN" means this VERITAS Software Corporation 2002 Employee Stock
Purchase Plan, as it may be amended from time to time.

                                       6
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     (n) "PLAN ACCOUNT" means the account established for each Participant
pursuant to Section 7(a).

     (o) "PURCHASE PERIOD" means a six-month period during which contributions
may be made toward the purchase of Stock under the Plan, as determined pursuant
to Section 3(b).

     (p) "PURCHASE PRICE" means the price at which Participants may purchase
Stock under the Plan, as determined pursuant to Section 7(b).

     (q) "STOCK" means the Common Stock of the Company.

     (r) "SUBSIDIARY" means any corporation (other than the Company) in an
unbroken chain of corporations beginning with the Company, if each of the
corporations other than the last corporation in the unbroken chain owns stock
possessing 50% or more of the total combined voting power of all classes of
stock in one of the other corporations in such chain.

                                       7<PAGE>

                                                                    Exhibit 4.02

                          VERITAS SOFTWARE CORPORATION

                 2002 INTERNATIONAL EMPLOYEE STOCK PURCHASE PLAN

                       (AS ADOPTED EFFECTIVE MAY 14, 2002)

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                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
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<S>                                                                                         <C>
SECTION 1.  PURPOSE OF THE PLAN..............................................................1

SECTION 2.  ADMINISTRATION OF THE PLAN.......................................................1
        (a)  Committee Composition...........................................................1
        (b)  Committee Responsibilities......................................................1
        (c)  Date and Time...................................................................1

SECTION 3.  ENROLLMENT AND PARTICIPATION.....................................................1
        (a)  Offering Periods................................................................1
        (b)  Purchase Periods................................................................1
        (c)  Enrollment......................................................................1
        (d)  Duration of Participation.......................................................2
        (e)  Applicable Offering Period......................................................2

SECTION 4.  EMPLOYEE CONTRIBUTIONS...........................................................2
        (a)  Frequency of Payroll Deductions.................................................2
        (b)  Amount of Payroll Deductions....................................................3
        (c)  Changing Withholding Rate.......................................................3
        (d)  Discontinuing Payroll Deductions................................................3
        (e)  Limit on Number of Elections....................................................3

SECTION 5.  WITHDRAWAL FROM THE PLAN.........................................................3
        (a)  Withdrawal......................................................................3
        (b)  Re-Enrollment After Withdrawal..................................................3

SECTION 6.  CHANGE IN EMPLOYMENT STATUS......................................................4
        (a)  Termination of Employment.......................................................4
        (b)  Leave of Absence................................................................4
        (c)  Death...........................................................................4

SECTION 7.  PLAN ACCOUNTS AND PURCHASE OF SHARES.............................................4
        (a)  Plan Accounts...................................................................4
        (b)  Purchase Price..................................................................4
        (c)  Number of Shares Purchased......................................................4
        (d)  Available Shares Insufficient...................................................5
        (e)  Issuance of Stock...............................................................5
        (f)  Tax Withholding.................................................................5
        (g)  Unused Cash Balances............................................................5
</TABLE>

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<TABLE>
<S>                                                                                         <C>
SECTION 8.  LIMITATIONS ON STOCK OWNERSHIP...................................................5

SECTION 9.  RIGHTS NOT TRANSFERABLE..........................................................6

SECTION 10.  NO RIGHTS AS AN EMPLOYEE........................................................6

SECTION 11.  NO RIGHTS AS A STOCKHOLDER......................................................7

SECTION 12.  SECURITIES LAW REQUIREMENTS.....................................................7

SECTION 13.  STOCK OFFERED UNDER THE PLAN....................................................7
        (a)  Authorized Shares...............................................................7
        (b)  Anti-Dilution Adjustments.......................................................7
        (c)  Reorganizations.................................................................7

SECTION 14.  AMENDMENT OR DISCONTINUANCE.....................................................8

SECTION 15.  DEFINITIONS.....................................................................8
        (a)  Board...........................................................................8
        (b)  Code............................................................................8
        (c)  Committee.......................................................................8
        (d)  Company.........................................................................8
        (e)  Compensation....................................................................8
        (f)  Corporate Reorganization........................................................8
        (g)  Eligible Employee...............................................................8
        (h)  Exchange Act....................................................................8
        (i)  Fair Market Value...............................................................9
        (m)  International Plan..............................................................9
        (n)  International Plan Account......................................................9
        (j)  Offering Period.................................................................9
        (k)  Participant.....................................................................9
        (l)  Participating Company...........................................................9
        (o)  Purchase Period.................................................................9
        (p)  Purchase Price..................................................................9
        (q)  Stock...........................................................................9
        (r)  Subsidiary......................................................................9
</TABLE>

                                       ii

<PAGE>

                          VERITAS SOFTWARE CORPORATION

                 2002 INTERNATIONAL EMPLOYEE STOCK PURCHASE PLAN

SECTION 1. PURPOSE OF THE INTERNATIONAL PLAN.

               The Board adopted the International Plan effective as of May 14,
2002. The purpose of the International Plan is to provide Eligible Employees
with an opportunity to increase their proprietary interest in the success of the
Company by purchasing Stock from the Company on favorable terms and to pay for
such purchases through payroll deductions.

SECTION 2. ADMINISTRATION OF THE INTERNATIONAL PLAN.

               (a) COMMITTEE COMPOSITION. The Committee shall administer the
International Plan. The Committee shall consist exclusively of two or more
directors of the Company, who shall be appointed by the Board.

               (b) COMMITTEE RESPONSIBILITIES. The Committee shall interpret the
International Plan and make all other policy decisions relating to the operation
of the International Plan. The Committee may adopt such rules, guidelines and
forms as it deems appropriate to implement the International Plan. The
Committee's determinations under the International Plan shall be final and
binding on all persons.

               (c) DATE AND TIME. All dates and times set forth in the
International Plan are such dates and times as occur in the United States on
such business day at such time at the Company headquarters.

SECTION 3. ENROLLMENT AND PARTICIPATION.

               (a) OFFERING PERIODS. While the International Plan is in effect,
two overlapping Offering Periods shall commence in each calendar year. The
Offering Periods shall consist of the 24-month periods commencing on each
February 16 and August 16.

               (b) PURCHASE PERIODS. While the International Plan is in effect,
two Purchase Periods shall commence in each calendar year. The Purchase Periods
shall consist of the six-month periods commencing on each February 16 and August
16.

               (c) ENROLLMENT. Any individual who, on the day preceding the
first day of an Offering Period, qualifies as an Eligible Employee may elect to
become a Participant in the International Plan for such Offering Period by
executing the enrollment form prescribed for this purpose by the Committee. The
enrollment form shall be filed with the Company at the prescribed location at
the time specified by the Company. Any participant in the 2002 Employee Stock
Purchase Plan who becomes an Eligible Employee for purposes of the International
Plan may transfer at any time

<PAGE>

into the International Plan and that person shall be treated as having been a
Participant in the International Plan as of the beginning of the Offering Period
applicable to such participant under the 2002 Employee Stock Purchase Plan.

               (d) DURATION OF PARTICIPATION. Once enrolled in the International
Plan, a Participant shall continue to participate in the International Plan
until he or she ceases to be an Eligible Employee, withdraws from the
International Plan under Section 5(a) or reaches the end of the Purchase Period
in which his or her employee contributions were discontinued under Section 4(d)
or 8(b). A Participant who discontinued employee contributions under Section
4(d) or withdrew from the International Plan under Section 5(a) may again become
a Participant, if he or she then is an Eligible Employee, by following the
procedure described in Subsection (c) above. A Participant whose employee
contributions were discontinued automatically under Section 8(b) shall
automatically resume participation at the beginning of the earliest Purchase
Period ending in the next calendar year, if he or she then is an Eligible
Employee.

               (e) APPLICABLE OFFERING PERIOD. For purposes of calculating the
Purchase Price under Section 7(b), the applicable Offering Period shall be
determined as follows:

               (i) Once a Participant is enrolled in the International Plan for
        an Offering Period, such Offering Period shall continue to apply to him
        or her until the earliest of (A) the end of such Offering Period, (B)
        the end of his or her participation under Subsection (d) above or (C)
        re-enrollment for a subsequent Offering Period under Paragraph (ii) or
        (iii) below.

               (ii) In the event that the Fair Market Value of Stock on the
        first trading day of the Offering Period for which the Participant is
        enrolled is higher than on the last trading day before the commencement
        of any subsequent Offering Period, the Participant shall automatically
        be re-enrolled for such subsequent Offering Period.

               (iii) Any other provision of the International Plan
        notwithstanding, the Company (at its sole discretion) may determine
        prior to the commencement of any new Offering Period that all
        Participants shall be re-enrolled for such new Offering Period.

               (iv) When a Participant reaches the end of an Offering Period but
        his or her participation is to continue, then such Participant shall
        automatically be re-enrolled for the Offering Period that commences
        immediately after the end of the prior Offering Period.

SECTION 4. EMPLOYEE CONTRIBUTIONS.

               (a) FREQUENCY OF PAYROLL DEDUCTIONS. A Participant may purchase
shares of Stock under the International Plan solely by means of payroll
deductions. Payroll deductions, as designated by the Participant pursuant to
Subsection (b) below, shall occur on each payday during participation in the
International Plan. On the last business day of each Purchase Period,

                                       2
<PAGE>

the payroll deductions, in the currency in which collected from the Participant,
shall be converted into U.S. Dollars at the exchange rate in effect for that
day.

               (b) AMOUNT OF PAYROLL DEDUCTIONS. An Eligible Employee shall
designate on the enrollment form the portion of his or her Compensation that he
or she elects to have withheld for the purchase of Stock. Such portion shall be
a whole percentage of the Eligible Employee's Compensation, but not less than 2%
nor more than 10%. Payroll deduction authorized by the Participant for purposes
of acquiring shares of Common Stock under the International Plan shall be
collected in the currency in which the Participant is paid his or her Cash
Compensation. Any changes or fluctuations in the exchange rate at which the
currency collected from the Participant through such payroll deductions is
converted into U.S. Dollars on each purchase date under the International Plan
shall be borne solely by the Participant.

               (c) CHANGING WITHHOLDING RATE. If a Participant wishes to change
the rate of payroll withholding, he or she may do so by filing a new enrollment
form with the Company at the prescribed location at any time. The new
withholding rate shall be effective as soon as reasonably practicable after the
Company has received such form. The new withholding rate shall be a whole
percentage of the Eligible Employee's Compensation, but not less than 2% nor
more than 10%.

               (d) DISCONTINUING PAYROLL DEDUCTIONS. If a Participant wishes to
discontinue employee contributions entirely, he or she may do so by filing a new
enrollment form with the Company at the prescribed location at any time. Payroll
withholding shall cease as soon as reasonably practicable after the Company has
received such form. (In addition, employee contributions may be discontinued
automatically pursuant to Section 8(b).) A Participant who has discontinued
employee contributions may resume such contributions by filing a new enrollment
form with the Company at the prescribed location. Payroll withholding shall
resume as soon as reasonably practicable after the Company has received such
form.

               (e) LIMIT ON NUMBER OF ELECTIONS. No Participant shall make more
than 4 elections, or such lesser number as the Committee prescribes, under
Subsection (c) or (d) above during any Purchase Period.

SECTION 5. WITHDRAWAL FROM THE INTERNATIONAL PLAN.

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

               (b) RE-ENROLLMENT AFTER WITHDRAWAL. A former Participant who has
withdrawn from the International Plan shall not be a Participant until he or she
re-enrolls in the International Plan under Section 3(c). Re-enrollment may be
effective only at the commencement of an Offering Period.

                                       3
<PAGE>

SECTION 6. CHANGE IN EMPLOYMENT STATUS.

               (a) TERMINATION OF EMPLOYMENT. Termination of employment as an
Eligible Employee for any reason, including death, shall be treated as an
automatic withdrawal from the International Plan under Section 5(a). (A transfer
from one Participating Company to another shall not be treated as a termination
of employment.)

               (b) LEAVE OF ABSENCE. For purposes of the International Plan,
employment shall not be deemed to terminate when the Participant goes on a
military leave, a sick leave or another bona fide leave of absence, if the leave
was approved by the Company in writing. Employment, however, shall be deemed to
terminate 90 days after the Participant goes on a leave, unless a contract or
statute guarantees his or her right to return to work. Employment shall be
deemed to terminate in any event when the approved leave ends, unless the
Participant immediately returns to work.

               (c) DEATH. In the event of the Participant's death, the amount
credited to his or her International Plan Account shall be refunded in the
currency in which the Participant is paid through the Company's payroll services
to the individual or entity entitled to receive the Participant's final
paycheck.

SECTION 7. INTERNATIONAL PLAN ACCOUNTS AND PURCHASE OF SHARES.

               (a) INTERNATIONAL PLAN ACCOUNTS. The Company shall maintain an
International Plan Account on its books in the name of each Participant.
Whenever an amount is deducted from the Participant's Compensation under the
International Plan, such amount shall be credited to the Participant's
International Plan Account. Amounts credited to International Plan Accounts
shall not be trust funds and may be commingled with the Company's general assets
and applied to general corporate purposes, except to the extent otherwise
required by applicable law. No interest shall be credited to International Plan
Accounts, unless required by applicable law.

               (b) PURCHASE PRICE. The Purchase Price for each share of Stock
purchased at the close of a Purchase Period shall be the lower of:

               (i) 85% of the Fair Market Value of such share on the last
        trading day in such Purchase Period; or

               (ii) 85% of the Fair Market Value of such share on the first
        trading day of the applicable Offering Period (as determined under
        Section 3(e)).

               (c) NUMBER OF SHARES PURCHASED. As of the last day of each
Purchase Period, each Participant shall be deemed to have elected to purchase
the number of shares of Stock calculated in accordance with this Subsection (c),
unless the Participant has previously elected to withdraw from the International
Plan in accordance with Section 5(a). The amount then in the Participant's
International Plan Account (as converted into U.S. Dollars) shall be divided by
the Purchase Price, and the number of shares that results shall be purchased
from the Company with the funds in the Participant's International Plan Account.
The foregoing notwithstanding, no Participant shall purchase more than 5,000
shares of Stock with respect to

                                       4
<PAGE>

any Purchase Period or more than the amounts of Stock set forth in Sections 8(b)
and 13(a). The Committee may determine with respect to all Participants that any
fractional share, as calculated under this Subsection (c), shall be (i) rounded
down to the next lower whole share or (ii) credited as a fractional share.

               (d) AVAILABLE SHARES INSUFFICIENT. In the event that the
aggregate number of shares that all Participants elect to purchase during a
Purchase Period exceeds the maximum number of shares remaining available for
issuance under Section 13(a), then the number of shares to which each
Participant is entitled shall be determined by multiplying the number of shares
available for issuance by a fraction. The numerator of such fraction is the
number of shares that such Participant has elected to purchase, and the
denominator of such fraction is the number of shares that all Participants in
both this Plan and the 2002 Employee Stock Purchase Plan have elected to
purchase.

               (e) ISSUANCE OF STOCK. Certificates representing the shares of
Stock purchased by a Participant under the International Plan shall be issued to
him or her as soon as reasonably practicable after the close of the applicable
Purchase Period, except that the Committee may determine that such shares shall
be held for each Participant's benefit by a broker designated by the Committee.
Shares may be registered in the name of the Participant or jointly in the name
of the Participant and his or her spouse as joint tenants with right of
survivorship or as community property.

               (f) TAX WITHHOLDING. To the extent required by applicable
federal, state, local or foreign law, a Participant shall make arrangements
satisfactory to the Company for the satisfaction of any withholding tax
obligations that arise in connection with the International Plan. The Company
shall not be required to issue any shares of Stock under the International Plan
until such obligations are satisfied.

               (g) UNUSED CASH BALANCES. An amount remaining in the
Participant's International Plan Account that represents the Purchase Price for
any fractional share shall be carried over in the Participant's International
Plan Account to the next Purchase Period. Any amount remaining in the
Participant's International Plan Account that represents the Purchase Price for
whole shares that could not be purchased by reason of Subsection (c) above,
Section 8(b) or Section 13(a) shall be refunded to the Participant in the
currency in which the Participant is paid, without interest.

               (h) STOCKHOLDER APPROVAL. Approval by the Company's stockholders
of the adoption of the International Plan or of any amendment thereto shall be
obtained only to the extent required by applicable law.

SECTION 8. LIMITATIONS ON STOCK OWNERSHIP.

               Unless this provision is waived by the Committee, and any other
provision of the International Plan notwithstanding, no Participant shall
purchase Stock with a Fair Market Value in excess of the following limit:

               (i) In the case of Stock purchased during an Offering Period that
        commenced in the current calendar year, the limit shall be equal to (A)
        $25,000 minus (B) the Fair Market Value of the Stock that the
        Participant previously purchased in the current calendar year (under
        this International Plan and all other

                                       5
<PAGE>

        employee stock purchase plans of the Company or any parent or Subsidiary
        of the Company).

               (ii) In the case of Stock purchased during an Offering Period
        that commenced in the immediately preceding calendar year, the limit
        shall be equal to (A) $50,000 minus (B) the Fair Market Value of the
        Stock that the Participant previously purchased (under this
        International Plan and all other employee stock purchase plans of the
        Company or any parent or Subsidiary of the Company) in the current
        calendar year and in the immediately preceding calendar year.

               (iii) In the case of Stock purchased during an Offering Period
        that commenced in the second preceding calendar year, the limit shall be
        equal to (A) $75,000 minus (B) the Fair Market Value of the Stock that
        the Participant previously purchased (under this International Plan and
        all other employee stock purchase plans of the Company or any parent or
        Subsidiary of the Company) in the current calendar year and in the two
        preceding calendar years.

For purposes of this Subsection (b), the Fair Market Value of Stock shall be
determined in each case as of the beginning of the Offering Period in which such
Stock is purchased. If a Participant is precluded by this Subsection (b) from
purchasing additional Stock under the International Plan, then his or her
employee contributions shall automatically be discontinued and shall resume at
the beginning of the earliest Purchase Period ending in the next calendar year
(if he or she then is an Eligible Employee). In applying the provisions of this
Section 8(b), it is intended that the number of shares purchasable shall in no
event be less than the maximum number permitted by Treas. Reg. Section
1.423-2(i). The Committee may waive this Section 8 to the extent it deems
necessary or desirable to comply with applicable laws.

SECTION 9. RIGHTS NOT TRANSFERABLE.

               The rights of any Participant under the International Plan, or
any Participant's interest in any Stock or moneys to which he or she may be
entitled under the International Plan, shall not be transferable by voluntary or
involuntary assignment or by operation of law, or in any other manner other than
by beneficiary designation or the laws of descent and distribution. If a
Participant in any manner attempts to transfer, assign or otherwise encumber his
or her rights or interest under the International Plan, other than by
beneficiary designation or the laws of descent and distribution, then such act
shall be treated as an election by the Participant to withdraw from the
International Plan under Section 5(a).

SECTION 10. NO RIGHTS AS AN EMPLOYEE.

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

                                       6
<PAGE>

SECTION 11. NO RIGHTS AS A STOCKHOLDER.

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

SECTION 12. SECURITIES LAW REQUIREMENTS.

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

SECTION 13. STOCK OFFERED UNDER THE INTERNATIONAL PLAN.

               (a) AUTHORIZED SHARES. The total number of shares that may be
issued in the aggregate under this International Plan, the 2002 Employee Stock
Purchase Plan, and the 1993 Employee Stock Purchase Plan (the "1993 Plan") shall
not exceed 21,893,518 (subject to adjustment pursuant to this Section 13). Share
issuances under the 1993 Plan and the 2002 Employee Stock Purchase Plan shall
reduce on a share-for-share basis the number of shares available for issuance
under this International Plan. On January 1 of each year, commencing with
January 1, 2003, the aggregate number of shares of Stock available for purchase
under this International Plan and the 2002 Employee Stock Purchase Plan shall
automatically be increased by 1% of the total outstanding Stock of the Company
as of December 31 of the preceding year, but in no event shall such number
exceed 600,000 shares (subject to adjustment pursuant to this Section 13).

               (b) ANTI-DILUTION ADJUSTMENTS. The aggregate number of shares of
Stock offered under the International Plan, the 5,000-share limitation described
in Section 7(c), the 600,000-share limitation described in Section 13(a), and
the price of shares that any Participant has elected to purchase shall be
adjusted proportionately for any increase or decrease in the number of
outstanding shares of Stock resulting from a subdivision or consolidation of
shares or the payment of a stock dividend, any other increase or decrease in
such shares effected without receipt or payment of consideration by the Company,
the distribution of the shares of a Subsidiary to the Company's stockholders or
a similar event.

               (c) REORGANIZATIONS. Any other provision of the International
Plan notwithstanding, immediately prior to the effective time of a Corporate
Reorganization, the Offering Period and Purchase Period then in progress shall
terminate and shares shall be purchased pursuant to Section 7, unless the
International Plan is continued or assumed by the surviving corporation or its
parent corporation. The International Plan shall in no event be construed to
restrict in any way the Company's right to undertake a dissolution, liquidation,
merger, consolidation or other reorganization.

                                       7
<PAGE>

SECTION 14. AMENDMENT OR DISCONTINUANCE.

               The Board shall have the right to amend, suspend or terminate the
International Plan at any time and without notice. The International Plan and
amendments thereto shall be subject to approval by a vote of the stockholders of
the Company only to the extent required by applicable law or regulation. The
International Plan shall terminate automatically 20 years after its adoption by
the Board unless the International Plan is extended by the Board.

SECTION 15. DEFINITIONS.

               (a) "BOARD" means the Board of Directors of the Company, as
constituted from time to time.

               (b) "CODE" means the Internal Revenue Code of 1986, as amended.

               (c) "COMMITTEE" means a committee of the Board, as described in
Section 2.

               (d) "COMPANY" means VERITAS Software Corporation, a Delaware
corporation.

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

               (f) "CORPORATE REORGANIZATION" means:

               (i) The consummation of a merger or consolidation of the Company
with or into another entity or any other corporate reorganization; or

               (ii) The sale, transfer or other disposition of all or
substantially all of the Company's assets or the complete liquidation or
dissolution of the Company.

               (g) "ELIGIBLE EMPLOYEE" means any employee of a Participating
Company whose customary employment is for more than five months per calendar
year and for more than 20 hours per week. The foregoing notwithstanding, an
individual shall not be considered an Eligible Employee if his or her
participation in the International Plan is prohibited by the law of any country
which has jurisdiction over him or her or if he or she is subject to a
collective bargaining agreement that does not provide for participation in the
International Plan.

               (h) "EXCHANGE ACT" means the Securities Exchange Act of 1934, as
amended.

                                       8
<PAGE>

               (i) "FAIR MARKET VALUE" means the market price of a share of
Common Stock, determined by the Committee in good faith on such basis as it
deems appropriate. Whenever possible, the determination of Fair Market Value by
the Committee shall be based on the prices reported in The Wall Street Journal.
Such determination shall be conclusive and binding on all persons.

               (j) "INTERNATIONAL PLAN" means this VERITAS Software Corporation
2002 International Employee Stock Purchase Plan, as it may be amended from time
to time.

               (k) "INTERNATIONAL PLAN ACCOUNT" means the account established
for each Participant pursuant to Section 7(a).

               (l) "OFFERING PERIOD" means a 24-month period with respect to
which the right to purchase Stock may be granted under the International Plan,
as determined pursuant to Section 3(a).

               (m) "PARTICIPANT" means an Eligible Employee who elects to
participate in the International Plan, as provided in Section 3(c).

               (n) "PARTICIPATING COMPANY" means (i) the Company and (ii) each
present or future Subsidiary designated by the Committee as a Participating
Company.

               (o) "PURCHASE PERIOD" means a six-month period during which
contributions may be made toward the purchase of Stock under the International
Plan, as determined pursuant to Section 3(b).

               (p) "PURCHASE PRICE" means the price at which Participants may
purchase Stock under the International Plan, as determined pursuant to Section
7(b).

               (q) "STOCK" means the Common Stock of the Company.

               (r) "SUBSIDIARY" means any corporation (other than the Company)
in an unbroken chain of corporations beginning with the Company, if each of the
corporations other than the last corporation in the unbroken chain owns stock
possessing 50% or more of the total combined voting power of all classes of
stock in one of the other corporations in such chain.

                                       9

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