Document:

Separation Agreement between Ken Bado and Autodesk, Inc.

 Exhibit 10.26 
 December 22, 2010 (revised January 21, 2011) 
 George M. “Ken” Bado

  

	Re:	Separation Agreement 

 Dear Ken:

 This Separation Agreement (“Agreement”) is to confirm the understanding and agreement between you and Autodesk,
Inc. (the “Company”), regarding your separation from the Company. In consideration of the mutual promises and agreements described herein and in lieu of any other payments in connection with termination of your employment you and the
Company agree as follows: 
 1. Company Payments and Benefits upon Transition. 

(a) Effective January 31, 2011, you will be relieved of (i) your duties as Executive Vice President World Wide Sales and
Services and (ii) your status as a section 16 (b) officer of the Company. Thereafter, if you execute, not revoke and abide by the terms of this Agreement, you will continue on the Company payroll as an employee providing transitional
services through March 28, 2011 as described in Paragraph 2. If you revoke or fail to execute or abide by the terms of this Agreement, your employment will also terminate on January 31, 2011. 

(b) If you participate in the Company’s health benefit programs, you will continue to be covered by the Company’s health
insurance plans through the end of January. Notwithstanding the foregoing, if you continue on the payroll, then your health benefits may be extended as set forth in Section 2 below. If you have contributed to the Autodesk Employee Stock
Purchase Plan your contribution will be returned to you in accordance with the terms of the Autodesk Employee Stock Purchase Plan. 
 (c) In accordance with standard Company policy, the Company will pay you any accrued and unused vacation pay on or prior to January 31, 2011. You will be reimbursed for reasonable and documented
outstanding business expenses, incurred by you, and approved by your manager through January 31, 2011 in accordance with Company policy. Notwithstanding any transitional services provided herein, you will not be eligible to earn any bonuses,
commissions, or any other compensation, benefits, or perquisites after January 31, 2011, except as expressly provided by the terms of this Agreement. 

  
 Page 1

 (d) Each of your equity awards shall continue to be governed by the terms and conditions
(including, but not limited to, with respect to the exercise of vested stock options) of the applicable Company equity plan under which the award was granted and applicable equity award agreement (each an “Equity Award Document”, and
together, the “Equity Award Documents”). 
 2. Company Payments And Benefits Subject to Compliance with
Agreement. 
 Provided that you timely execute and do not revoke this Separation Agreement and associated Addendum, and
subject to you remaining fully compliant with the terms herein, the Company shall provide you the following: 
 (a) Severance
Payment. The Company will provide you with a lump-sum payment equal to six (6) weeks of your current base salary for a total of $55,384.62 (less withholdings). You acknowledge and agree that this severance payment shall alone serve as full and
binding consideration for your release of claims as provided by Paragraph 4, below, and in the Addendum to this Agreement. You will receive this payment at the end of the Transition Services Period (as defined below). 

(b) Transition Services. Provided that you agree to remain fully compliant with the terms and conditions of this Agreement (specifically
including the non-compete and non-solicit provisions provided by Paragraph 3, below), the Company will allow you to provide transitional services through and including March 28th, 2011 (the “Transition Services Period”), such that you
may further vest in certain stock options during the Transition Services Period. You agree, during the Transition Services Period, to give the Company your best efforts in transitioning your work and in performing transitional services. During the
Transition Services Period, you shall be paid your base salary and be eligible for health care benefits provided you continue to meet the requirements set forth herein. You may choose to terminate your employment with the Company at any time prior
to March 28, 2011. In such event, except for the benefits described in this subparagraph 2(b), you will remain eligible for the payments described in Paragraph 2 after your termination date. 

(c) Provided you remain employed through the Transition Services Period, at the conclusion of the Transition Services Period, you will be
considered to have vested in the stock options in accordance with the terms of the applicable Equity Award Agreement, but with the express understanding that any and all ownership interests in said equity (including, but not limited to, any
ownership interests or rights to said equity and any profits or other proceeds derived from the sale thereof) shall be expressly conditioned upon your subsequent compliance with the provisions of Paragraph 3 (including, but not limited to, the
non-compete and non-solicit terms provided therein) because you acknowledge hereby that you would not have any opportunity to perform such transition services (and thereby vest in such equity awards) without such promises to the Company to comply
with the provisions of Paragraph 3 (including to not compete and to not solicit) and, accordingly, that any stock ownership rights associated with the transition services shall be immediately forfeited upon any breach of your obligations therein.

  
 Page 2

 (d) Special Payment. Subject to your continued compliance with the terms of this Agreement,
the Company will provide to you an additional payment equivalent to twenty three (23) weeks of your base salary plus target variable, to be provided in two equal installments of $ 181,346.15 each (less applicable withholdings), with such
payments to be made on September 1, 2011 and January 31, 2012, provided that you remain compliant with the terms of this Agreement (specifically including the non-compete and non-solicit provisions provided by Paragraph 3, below).

 (e) Benefits Upon Death. In the event of your death, any remaining severance payments owed to you under this Agreement will
be paid to your estate. 
 3. Obligations of Employee. 

(a) By your execution of this Agreement, you expressly agree at all times hereafter to hold in the strictest confidence, and not to use or
disclose to any person or entity other than the Company or its successors or assigns, any Confidential Information of the Company (as defined below). You understand and agree that “Confidential Information” as used in this Agreement means
any and all Company proprietary information, technical data, trade secrets or know-how including, without limitation, confidential or proprietary information regarding any employees of the Company (including, but not limited to, any compensation,
performance review data, contact information, or other confidential employee data, whether maintained by the Company’s Human Resources Department or otherwise); customer lists and customer identities and contact information (including, but not
limited to, any current, former, or potential customers of the Company on whom you have called or became acquainted during the term of your employment with the Company); sales pipelines (including, but not limited to, potential sales prospects);
pricing and pricing strategies; current or anticipated markets; marketing, marketing research and activities, marketing development, and marketing strategy; services, products, and product plans; software; source code; developments; inventions;
processes; formulas; technology; designs; drawings; engineering; hardware configuration information; finances; business plans; other business information; and confidential information of the Company’s customers, business contacts, or other
third parties disclosed to you by the Company either directly or indirectly, in writing, orally, or by drawings or observation of parts or equipment. You acknowledge that Confidential Information does not include any of the foregoing to the extent
such information had become publicly known and made generally available through no wrongful act of you or others. You represent that you have not, to date, misused or disclosed any Confidential Information to any unauthorized party. You hereby grant
consent to notification by the Company to any new employer about your confidentiality and all other continuing obligations to the Company, under this provision or otherwise. 

  
 Page 3

 (b) You agree to comply with the terms set forth in any employee confidentiality and
intellectual property agreements (including but not limited to those related to product source code) executed by you on or about your hire date and during your employment with the Company. You agree that any program, document, drawing, or other work
you worked on at Company’s direction or on Company time, or using Company’s equipment, or using any information proprietary to Company shall remain the property of the Company. 

(c) You hereby confirm that you will return to the Company all Company property in your possession and execute the attached Termination
Certificate by the end of the Transition Services Period. If you fail to timely do so, the Company will not be obligated to make the payment to you described in Paragraph 2 of this Agreement. 

(d) You agree to keep the terms of this Agreement (including, but not limited to, the payment amount) completely confidential and not
disclose any information concerning this Agreement or its terms to anyone other than your immediate family, legal counsel, and/or financial advisors who will be bound by this confidentiality clause. 

(e) You agree that for a period of twenty four (24) months immediately following the end of the Transition Services Period (or to
the greatest extent otherwise permitted by law), you will not directly or indirectly, for yourself or any third party other than the Company, solicit any of the Company’s employees to leave their employment with the Company. 

(f) You agree that for a period of twelve (12) months immediately following the end of your Transition Period (or to the greatest
extent otherwise permitted by law), you will not without the prior written consent of the Company, directly or indirectly, be or become an officer, director, stockholder, owner, affiliate, salesperson, co-owner, partner, trustee, promoter,
technician, engineer, analyst, employee, agent, representative, supplier, contractor, consultant, advisor or manager of or to, or otherwise acquire or hold any interest in, or participate in or facilitate the financing, operation, management or
control of, any of the following direct competitors of the Company: Dassault Systems and all its subsidiaries including but not limited to Solidworks Corporation, Parametric Technology Corporation (PTC), and Siemens UGS provided,
however, that nothing in this Agreement shall prevent or restrict you from any of the following: (i) owning as a passive investment less than 1% of the outstanding shares of the capital stock of a corporation (whether public or
private) that is enumerated herein, provided that you are not otherwise associated with such corporation; (ii) performing speaking engagements and receiving honoraria in connection with such engagements; (iii) being employed by any
government agency, college, university or other non-profit research organization; (iv) owning a passive equity interest in a private debt or equity investment fund in which the you do not have the ability to control or exercise any managerial
influence over such fund; or (v) any activity consented to in writing by the Company. As used herein, “Restricted Territory” means the United States, with the understanding that your obligations under this Paragraph 3(f) shall be
construed as a series of separate covenants, one for each country, province, state, city or other political subdivision of 

  
 Page 4

 
the Restricted Territory. Except for geographic coverage, each such separate covenant shall be deemed identical in terms to the covenant contained herein. If, in any judicial proceeding, a court
refuses to enforce any of such separate covenants (or any part thereof), then you agree that such unenforceable covenant (or such part) shall be eliminated from this Agreement to the extent necessary to permit the remaining separate covenants (or
portions thereof) to be enforced. In the event that the provisions of this Paragraph 3(f) are deemed to exceed the time, geographic or scope limitations permitted by applicable law, then you agree that such provisions shall be reformed to the
maximum time, geographic or scope limitations, as the case may be, permitted by applicable law. You acknowledge and represent that were you to violate this Paragraph 3(f), you would likely jeopardize the good will and other protectable interests of
the Company, and it would be difficult for you not to rely on or use the Company’s confidential or trade secret information (including but not limited to current and prospective client and sales information of the Company). You acknowledge that
the limitations of time, geography, and scope of activity agreed to herein are reasonable because, among other things, you will be able to obtain suitable and satisfactory employment in your chosen profession without violating this Agreement. You
agree to provide the Company advance notice of any contemplated employment relationship within the twelve (12) months immediately following the end of the Transition Services Period, prior to accepting such employment, and to allow the Company
an opportunity to confirm that any such employment does not violate your obligations herein. 
 (g) You expressly acknowledge
and agree that your full and continuing compliance with each of the terms of this Paragraph 3 serves as a condition subsequent for your receipt of the payments described under Paragraph 2(b) and (d) of this Agreement such that, without limiting
the recourse otherwise available to the Company, should you fail to continue to comply in full with the terms of this Paragraph 3, (i) any stock rights provided under Paragraph 2(b) of this Agreement shall immediately revert to ownership by the
Company (with the Company having the right to recover any profits derived from any sale of such stock ownership rights), and (ii) the Company shall have the right to fully recover any payments provided to you pursuant to Paragraph 2(d) of this
Agreement. Notwithstanding any forfeiture provided herein, you expressly acknowledge and agree that the severance provided to you under Paragraph 2(a) shall continue to serve as full and binding consideration for your release of claims under
Paragraph 4 of this Agreement. 
 4. Settlement and Release. 

(a) General Release. You acknowledge that you have had the opportunity and have been advised to consult with legal counsel
regarding this Agreement and the provisions of California Civil Code Section 1542, which provides as follows: 
 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.

  
 Page 5

 You, being aware of said Code Section, expressly waive any rights you may have there under,
as well as under any other statute or common law principles of similar effect. You specifically agree that you are waiving any unknown claims. 
 (b) Release of Claims. You agree that this Agreement represents settlement in full of all outstanding obligations owed to you by the Company as a result of your employment with and termination of
your employment with the Company. You, on behalf of yourself and your descendants, heirs and successors (“Releasors”), hereby fully release and discharge the Company, its subsidiaries, divisions and affiliated entities and their respective
directors, officers, agents, servants, stockholders, employees, representatives, successors and assigns (“Releasees”), from any and all claims, duties, obligations, actions, or causes of action whatsoever, whether presently known or
unknown, asserted or unasserted, which are based on, arise from or relate in any way to your employment with the Company or the termination thereof including, but not limited to, claims for (i) wrongful termination, interference with contract,
breach of contract, fraud, misrepresentation and infliction of emotional distress under statutory or common law, (ii) discrimination, harassment or retaliation under state or federal or common law including the California Fair Employment and
Housing Act, the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Older Workers’ Benefit Protection Act and the Americans With Disabilities Act (where applicable), (iii) any wages that are disputed in good faith
between you and the Company (if any), (iv) claims for attorneys’ fees and costs, (v) any and all claims for violation of any federal, state, or municipal statute, law, or regulation, (vi) any claim for any loss, cost, damage, or
expense arising out of any dispute over the non-withholding or other tax treatment of any of the proceeds received by you as a result of this Agreement, and (vii) any and all other claims relating to or arising from your employment relationship
with the Company and the anticipated termination of that relationship (together “Claims”), with your agreement that your release of Claims set forth herein shall be and remain in effect in all respects as a complete general release as to
the matters released. 
 (c) Claims Not Released. This release of claims does not apply to any rights or claims that you
cannot release as a matter of law, nor does it apply to any Claims that first arise after the date on which you sign this Agreement. In addition, this Agreement does not prohibit you from (i) filing a charge or complaint with the Equal
Employment Opportunity Commission (“EEOC”) or any other local, state, or federal administrative body or government agency that is authorized to enforce or administer laws related to employment or (ii) participating in any
investigation or other process conducted by the EEOC (with the understanding that any such filing or participation does not give you the right to recover any monetary damages against the Company; your release of claims herein bars you from
recovering such monetary relief from the Company). You understand and acknowledge that by reason of your execution of this release of Claims you are receiving from the Company pay and benefits described in Paragraph 2 that are in addition to
anything of value to which you were already entitled. 

  
 Page 6

 (d) Covenant Not to Sue. You represent and agree that you have not already, and will
not at any time in the future, file any lawsuit, administrative proceeding, or other legal action against the Company or any of the Releasees that is based upon, in whole or in part, any of the Claims. In the event that you file any such legal
action, the Company and any Releasees against which you bring that legal action will be entitled to recover from you its/their attorneys’ fees and costs incurred in defending that action. 

(e) Acknowledgements. You understand and acknowledge that this Agreement and Addendum hereto, constitutes a compromise and
settlement of any and all actual or potential disputed claims by you. No action taken by the Company hereto, either previously or in connection with this Agreement or related Addendum, shall be deemed or construed to be (i) an admission of the
truth or falsity of any actual or potential claims or (ii) an acknowledgment or admission by the Company of any fault or liability whatsoever to you or to any third party. Other than the payments expressly anticipated by this Agreement, you
acknowledge and represent that the Company has paid or provided you all salary, wages, bonuses, accrued vacation, leave, housing allowances, relocation costs, interest, severance, outplacement costs, fees, reimbursable expenses, commissions, stock,
stock options, vesting, and any and all other benefits and compensation due to you. You further acknowledge and represent that you have received any leave to which you were entitled or which you requested, if any, under the California Family Rights
Act and/or the Family Medical Leave Act, and that you did not sustain any workplace injury during your employment with the Company. 
 5. References. 
 In the event prospective employers ask the Company
for a job reference, the Company will provide your name, title and dates of employment only, as per the Company’s reference policies. 
 6. Miscellaneous. 
 (a) This Agreement and Addendum shall be governed
by the laws of the State of California. 
 (b) This Agreement and Addendum represents the entire understanding and agreement
between the Company and you concerning your termination from the Company as employee, and supersedes and replaces any and all prior agreements and understandings concerning your employment relationship with the Company and your compensation by the
Company, with the exception of your Employee Agreements on Intellectual Property and Confidentiality of Product Source Code, the Termination Certificate and the Equity Award Documents, which shall remain in full force and effect. This Agreement and
Addendum may only be amended in writing signed by you and a duly authorized manager of the Company. 

  
 Page 7

 (c) You agree not to disparage the Company in any manner likely to be harmful to the
Company’s business or business reputation. You may respond accurately and fully to any question, inquiry, or request for information when required by legal process. As we discussed, the Company will abide by its reference policy of providing
neutral and objective information about you. The Company will communicate this message to key members of CEO staff to reinforce our intentions. 
 (d) You have carefully read and understand the scope and effect of the provisions of this Agreement. By signing below, you are knowingly, willingly and voluntarily agreeing to all of the terms set forth
in this Agreement. You have not relied upon any representations or statements made by Autodesk which are not specifically set forth herein. 
 (e) You understand and acknowledge that you are waiving and releasing any rights you may have under the Age Discrimination in Employment Act of 1967 (“ADEA”), and that this waiver and release is
knowing and voluntary. You understand and agree that this waiver and release does not apply to any rights or claims that may arise under the ADEA after the date your sign this Agreement. You understand and acknowledge that the payments to be
provided to you under Paragraph 2 are in addition to anything of value to which you were already entitled. You further understand and acknowledge that you have been advised by this writing that: (a) you should consult with an attorney prior to
executing this Agreement; (b) you have twenty-one (21) days within which to consider this Agreement; (c) you have seven (7) days following your execution of this Agreement to revoke this Agreement (any such revocation must be in
writing and must be sent by certified mail, return receipt requested, to the General Counsel, Autodesk Inc., 111 McInnis Parkway, San Rafael, CA 94903); (d) this Agreement shall not be effective until after the revocation period has expired;
and (e) nothing in this Agreement prevents or precludes you from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties, or costs for doing so,
unless specifically authorized by federal law. In the event you sign this Agreement and return it to the Company in less than the 21-day period identified above, you hereby acknowledge that you have freely and voluntarily chosen to waive the time
period allotted for considering this Agreement. 
 (f) You understand that you are not entitled to any benefits under the
Agreement unless and until you timely sign the Addendum and do not revoke it. You must sign the Addendum on you on the last day of the Transition Period, no sooner and no later. You understand that you may consider the Addendum for up to twenty-one
(21) calendar days and, by the final day of the Transition Services Period; you will have had twenty-one days to consider it. After signing this Addendum you may revoke it within seven (7) calendar days provided you give Autodesk written
notice of your intention to revoke it. Any such revocation must be in writing and must be sent by certified mail, return receipt requested, to the General Counsel, Autodesk Inc., 111 McInnis Parkway, San Rafael, CA 94903. 

  
 Page 8

 (g) Unless timely revoked, this Agreement shall become effective and binding upon you and
the Company upon the eighth day following your signature (“Effective Date” of Agreement). 
 (h) The Company makes no
representations or warranties with respect to the tax consequences (including Section 409A) of the payments provided to you under the terms of this Agreement. You agree and understand that you are responsible for payment, if any, of local,
state, and/or federal taxes on the payments provided hereunder by the Company and any penalties or assessments thereon. 
 (i)
In the event that any provision or any portion of any provision hereof or any surviving agreement made a part hereof becomes or is declared by a court of competent jurisdiction or arbitrator to be illegal, unenforceable, or void, this Agreement
shall continue in full force and effect without said provision or portion of provision. 
 If the foregoing reflects our understanding and
agreement, please sign the enclosed copy of this Agreement, in the space provided below, and return it to Jan Becker no later than January 30, 2011. 

 

			
	Very truly yours,
	
	AUTODESK, INC.
		
	By:	 	 /S/ JAN BECKER

		 	Jan Becker
		 	SVP Human Resources
		 	Autodesk, Inc.

  

	
	Accepted and Agreed to:
	
	 /s/ KEN BADO

	Ken Bado
	
	 January 28, 2011

	 Date

  

  
 Page 9

 TERMINATION CERTIFICATION 

This is to certify that I do not have in my possession, nor have I failed to return, any devices, records, data, notes, reports,
proposals, lists, correspondence, specifications, drawings, blueprints, sketches, materials, equipment, books, media, software, credit cards, keys, sales books, intellectual property, other documents or property or reproductions of any
aforementioned items belonging to Autodesk, Inc., its subsidiaries, affiliates, successors or assigns (together, the “Company”). 
 I further certify that I have complied with all the terms of any employee confidentiality and intellectual property agreements (including but not limited to those related to product source code) executed
by me on or about my hire date and during my employment with the Company (“Employee Confidentiality and Intellectual Property Agreements”). I further agree that, in compliance with such Employee Confidentiality and Intellectual Property
Agreements, I will preserve as confidential all trade secrets, confidential knowledge, data or other proprietary information relating to products, processes, know-how, designs, formulas, developmental or experimental work, computer programs, data
bases, other original works or authorship, customer lists, dealer lists, business plans, financial information or other subject matter pertaining to any business (including contracts), of the Company or any of its clients, customers, dealers,
consultants or licensees. 
  

					
	 Ken Bado
	 	 	  	 
	Employee Printed Name	 		  	
			
	 /S/ KEN BADO
	 		  	 January 28, 2011

	Employee Signature	 		  	Date
			
	  
 Manager’s Signature
	 		  	  
 Date

  
 Page 10

 ADDENDUM TO THE SEPARATION AGREEMENT 

This is an addendum to the Separation Agreement (“Agreement”) dated March 28, 2011 between you and Autodesk, Inc. (the
“Company”), regarding your separation from the Company. In consideration of the mutual promises and agreements described in the Agreement you and the Company agree as follows: 

1. Settlement and Release. 
 (a) General Release. You acknowledge that you have had the opportunity and have been advised to consult with legal counsel regarding this Agreement and the provisions of California Civil Code
Section 1542, which provides as follows: 
 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. 
 You, being aware of said Code Section, expressly waive any rights you may have there under, as well as under any other statute or common law principles of similar effect. You specifically agree that you
are waiving any unknown claims. 
 (b) Release of Claims. You agree that the Agreement, together with this Addendum,
represents settlement in full of all outstanding obligations owed to you by the Company as a result of your employment with and termination of your employment with the Company. You, on behalf of yourself and your descendants, heirs and successors
(“Releasors”), hereby fully release and discharge the Company, its subsidiaries, divisions and affiliated entities and their respective directors, officers, agents, servants, stockholders, employees, representatives, successors and assigns
(“Releasees”), from any and all claims, duties, obligations, actions, or causes of action whatsoever, whether presently known or unknown, asserted or unasserted, which are based on, arise from or relate in any way to your employment with
the Company or the termination thereof including, but not limited to, claims for (i) wrongful termination, interference with contract, breach of contract, fraud, misrepresentation and infliction of emotional distress under statutory or common
law, (ii) discrimination, harassment or retaliation under state or federal or common law including the California Fair Employment and Housing Act, the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Older Workers’
Benefit Protection Act and the Americans With Disabilities Act (where applicable), (iii) any wages that are disputed in good faith between you and the Company (if any), (iv) claims for attorneys’ fees and costs, (v) any and all
claims for violation of any federal, state, or municipal statute, law, or regulation, (vi) any claim for any loss, cost, damage, or expense arising out of any dispute over the non-withholding or other tax treatment of any of the proceeds
received by you as a result of this Agreement, and (vii) any and all other claims relating to or arising from your employment relationship with the Company and the anticipated termination of that relationship (together “Claims”), with
your agreement that your release of Claims set forth herein shall be and remain in effect in all respects as a complete general release as to the matters released. 

  
 Page 11

 (c) Claims Not Released. This release of claims does not apply to any rights or
claims that you cannot release as a matter of law, nor does it apply to any Claims that first arise after the date on which you sign this Agreement. In addition, this Agreement does not prohibit you from (i) filing a charge or complaint with
the Equal Employment Opportunity Commission (“EEOC”) or any other local, state, or federal administrative body or government agency that is authorized to enforce or administer laws related to employment or (ii) participating in any
investigation or other process conducted by the EEOC (with the understanding that any such filing or participation does not give you the right to recover any monetary damages against the Company; your release of claims herein bars you from
recovering such monetary relief from the Company). You understand and acknowledge that by reason of your execution of this release of Claims you are receiving from the Company pay and benefits described in Paragraph 2 that are in addition to
anything of value to which you were already entitled. 
 (d) Covenant Not to Sue. You represent and agree that you have
not already, and will not at any time in the future, file any lawsuit, administrative proceeding, or other legal action against the Company or any of the Releasees that is based upon, in whole or in part, any of the Claims. In the event that you
file any such legal action, the Company and any Releasees against which you bring that legal action will be entitled to recover from you its/their attorneys’ fees and costs incurred in defending that action. 

2. Miscellaneous. 
 (a) This Agreement and Addendum shall be governed by the laws of the State of California. 
 (b) This Agreement and Addendum represents the entire understanding and agreement between the Company and you concerning your termination from the Company as employee, and supersedes and replaces any and
all prior agreements and understandings concerning your employment relationship with the Company and your compensation by the Company, with the exception of your Employee Agreements on Intellectual Property and Confidentiality of Product Source
Code, the Termination Certificate and the Equity Award Documents, which shall remain in full force and effect. This Agreement and Addendum may only be amended in writing signed by you and a duly authorized manager of the Company. 

(c) You have carefully read and understand the scope and effect of the provisions of this Addendum. You are hereby advised to consult
with an attorney of your choice prior to executing this Addendum. By signing below, you are knowingly, willingly and voluntarily agreeing to all of the terms set forth in this Addendum. You have not relied upon any representations or statements made
by Autodesk which are not specifically set forth herein. 

  
 Page 12

 (d) You understand that you are not entitled to any benefits under the Agreement unless and
until you timely sign this Addendum and do not revoke it. You must sign the Addendum on the final day of the Transition Services Period, no sooner and no later. 
 (e) You understand and acknowledge that you are waiving and releasing any rights you may have under the Age Discrimination in Employment Act of 1967 (“ADEA”), and that this waiver and release is
knowing and voluntary. You understand and agree that this waiver and release does not apply to any rights or claims that may arise under the ADEA after the date your sign this Agreement. You understand and acknowledge that the payments to be
provided to you under Paragraph 2 are in addition to anything of value to which you were already entitled. You further understand and acknowledge that you have been advised by this writing that: (a) you should consult with an attorney prior to
executing this Agreement; (b) you have twenty-one (21) days within which to consider this Agreement; (c) you have seven (7) days following your execution of this Agreement to revoke this Agreement (any such revocation must be in
writing and must be sent by certified mail, return receipt requested, to the General Counsel, Autodesk Inc., 111 McInnis Parkway, San Rafael, CA 94903); (d) this Agreement shall not be effective until after the revocation period has expired;
and (e) nothing in this Agreement prevents or precludes you from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties, or costs for doing so,
unless specifically authorized by federal law. In the event you sign this Agreement and return it to the Company in less than the 21-day period identified above, you hereby acknowledge that you have freely and voluntarily chosen to waive the time
period allotted for considering this Agreement. 
 (f) Unless timely revoked, this Addendum shall become effective and binding
upon you and the Company upon the eighth day following your signature (“Effective Date” of Addendum). 
 (g) In the
event that any provision or any portion of any provision hereof or any surviving agreement made a part hereof becomes or is declared by a court of competent jurisdiction or arbitrator to be illegal, unenforceable, or void, this Agreement shall
continue in full force and effect without said provision or portion of provision. 

  
 Page 13

 If the foregoing reflects our understanding and agreement, please sign the enclosed copy of
this Addendum, in the space provided below, and return it to Jan Becker, on March 28, 2011 
  

			
	Very truly yours,
	
	AUTODESK, INC.
		
	By:	 	 /s/ JAN BECKER

		 	Jan Becker
		 	SVP, Human Resources
		 	Autodesk, Inc.

  

	
	Accepted and Agreed to:
	
	 /s/ KEN BADO

	Ken Bado
	
	 January 28, 2011

	Date

  
 Page 142010 Form of Independent Director Indemnification Agreement

 Exhibit 10.78 
 NORDSTROM, INC. 
 INDEMNIFICATION AGREEMENT 

THIS INDEMNIFICATION AGREEMENT (the “Agreement”) is entered into effective as of ________________, between Nordstrom,
Inc., a Washington corporation (the “Company”), and ______________, a director of the Company (“Indemnitee”). 
 RECITALS 
 A. Indemnitee is a director of the Company and in such capacity
is performing valuable services for the Company. 
 B. The Company’s directors have certain existing indemnification
arrangements pursuant to the Bylaws of the Company (“Bylaws”) and may be entitled to indemnification pursuant to the Washington Business Corporation Act (the “Statute”). Nevertheless, the Board of Directors of the Company (the
“Board”) recognizes the limitations on the protection provided by such indemnification and the uncertainties as to its availability in any particular situation. 
 C. The Bylaws specifically provide that the indemnification arrangements provided thereunder are not exclusive, and that contracts may be entered into between the Company and the members of its Board with
respect to indemnification of such directors. 
 D. The Company has determined that it is reasonable and prudent for the Company
to minimize any uncertainty regarding the availability of indemnification protections and that in order to facilitate the Company’s ability to attract and retain qualified individuals to serve as directors, the Company should act to assure such
persons that there will be increased certainty of such protection in the future so that the Company’s directors are able to continue to serve free from undue concern that they will not be adequately protected. 

E. This Agreement is a supplement to and in furtherance of the Bylaws and any resolutions adopted pursuant thereto, and shall not be
deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder. 
 F. In order to induce
Indemnitee to serve or to continue to serve as a director of the Company, the Company has agreed to enter into this Agreement with Indemnitee. 
 NOW, THEREFORE, in consideration of the recitals above, the mutual covenants and agreements set forth in this Agreement, and Indemnitee’s service as a director after the date hereof, the
Company and Indemnitee agree as follows: 
 1. Indemnification 

a. Scope. The Company agrees to hold harmless and indemnify (and shall also advance expenses as incurred to the full extent
permitted by law and as set forth herein) Indemnitee to the fullest extent permitted by law, including, without limitation to Title 12 Part 

 
359 of the Code of Federal Regulations, against any Damages (as defined in Section 1(c)) incurred by Indemnitee with respect to any Proceeding (as defined in Section 1(d)) to which
Indemnitee is or is threatened to be made a party or witness, notwithstanding that such indemnification is not specifically authorized by this Agreement, the Company’s Articles of Incorporation (“Articles”) or Bylaws, the Statute or
otherwise. Such right to indemnification shall be without regard to the limitations in RCW 23B.08.510 through 23B.08.550; provided, however, that Indemnitee shall have no right to indemnification on account of (i) acts or
omissions of Indemnitee finally adjudged to be intentional misconduct or a knowing violation of law; (ii) conduct of Indemnitee finally adjudged to be in violation of RCW 23B.08.310; or (iii) any transaction with respect to which it is
finally adjudged that Indemnitee personally received a benefit in money, property or services to which Indemnitee was not legally entitled. To the extent not prohibited by applicable law, the indemnification shall apply without regard to negligent
acts or omissions by Indemnitee. In the event of any change, after the date of this Agreement, in any applicable law, statute or rule regarding the right of a Washington corporation to indemnify a member of its board of directors, such changes, to
the extent that they would expand Indemnitee’s rights hereunder, shall be within the scope of Indemnitee’s rights and the Company’s obligations hereunder, and to the extent that they would narrow Indemnitee’s rights hereunder,
shall be excluded from this Agreement; provided, however, that any change that is required by applicable laws, statutes or rules to be applied to this Agreement shall be so applied regardless of whether the effect of such change
is to narrow Indemnitee’s rights hereunder. 
 To the extent that Indemnitee is a party to (or a participant in) and is successful, on the
merits or otherwise, in the defense of any Proceeding or any claim, issue or matter therein, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection
therewith. If Indemnitee is successful, on the merits or otherwise, as to one or more but fewer than all claims, issues or matters in any Proceeding, the Company shall indemnify Indemnitee against all expenses actually and reasonably incurred by
Indemnitee or on Indemnitee’s behalf in connection with each successfully resolved claim, issue or matter and any claim, issue or matter related to each such successfully resolved claim, issue or matter to the fullest extent permitted by law.
For purposes of this Section 1 and without limitation, the termination of any Proceeding or any claim, issue or matter in a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such Proceeding,
claim, issue or matter. To the extent that Indemnitee is, by reason of Indemnitee’s corporate status, a witness in any Proceeding to which Indemnitee is not a party, Indemnitee shall be indemnified to the fullest extent permitted by applicable
law against all expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith. 

b. Nonexclusivity. The indemnification provided by this Agreement shall not be deemed exclusive of any rights to which Indemnitee
may be entitled under the Company’s Articles or Bylaws, any vote of shareholders or disinterested directors, the Statute or otherwise, whether as to actions or omissions by Indemnitee in Indemnitee’s official capacity or otherwise.

 c. Included Coverage. If Indemnitee is made a party (or is threatened to be made a party) to, or is otherwise involved
(including, but not limited to, as a witness) in any Proceeding, the Company shall hold harmless and indemnify Indemnitee from and against any and all losses, claims, damages, costs, expenses and liabilities actually and reasonably incurred

  
 2 

 
in connection with investigating, defending, being a witness in, participating in or otherwise being involved in (including on appeal), or preparing to defend, be a witness in, participate in or
otherwise be involved in (including on appeal), such Proceeding, including but not limited to attorneys’ fees, judgments, fines, ERISA excise taxes or penalties, amounts paid in settlement, any federal, state, local or foreign taxes imposed on
Indemnitee as a result of the actual or deemed receipt of any payments pursuant to this Agreement, and other expenses (collectively, “Damages”), including all interest, assessments or charges paid or payable in connection with or in
respect of such Damages; provided, however, nothing in this Agreement shall require the Company to make any indemnification payment prohibited by law. 
 d. Definition of Proceeding. For purposes of this Agreement, “Proceeding” shall mean any actual, pending, threatened or completed action, suit, claim, investigation, hearing or proceeding
(whether civil, criminal, administrative or investigative and whether formal or informal) in which Indemnitee is, has been or becomes involved based in whole or in part on or arising out of the fact that Indemnitee is or has been a director,
officer, member of a committee of the Board, employee or agent of the Company or that, being or having been such a director, officer, member of a committee of the Board, employee or agent, Indemnitee is or was serving at the request of the Company
as a director, officer, employee, trustee or agent of another corporation or of a partnership, joint venture, trust or other enterprise (collectively, a “Related Company”), including but not limited to service with respect to any employee
benefit plan, whether the basis of such action, suit, claim, investigation, hearing or proceeding is alleged action or omission by Indemnitee in an official capacity as a director, officer, employee, trustee or agent or in any other capacity while
serving as a director, officer, employee, trustee or agent; provided, however, that, except with respect to an action to enforce this Agreement, “Proceeding” shall not include any action, suit, claim, investigation,
hearing or proceeding instituted by or at the direction of Indemnitee unless such action, suit, claim, investigation, hearing or proceeding is or was authorized by the Board. 
 e. Notification. Promptly after receipt by Indemnitee of notice of the commencement of any Proceeding, Indemnitee will, if a claim in respect thereof is to be made against the Company under this
Agreement, notify the Company of the commencement thereof (which notice shall be in the form of Exhibit A hereto); provided, however, that failure to so notify the Company will relieve the Company from any liability that
it may otherwise have to Indemnitee under this Agreement only if and to the extent that such failure can be shown to have prejudiced the Company’s ability to defend the Proceeding. 

f. Determination of Entitlement. 
 i. Upon the final disposition of the matter that is the subject of the request for indemnification, a determination shall be made with respect to Indemnitee’s entitlement thereto in the specific
case. If a Change in Control shall not have occurred, the determination shall be made by: (A) a majority vote of a quorum consisting of directors not at the time parties to the proceeding; (B) a majority vote of a committee (duly
designated by the Board) consisting solely of two or more directors not at the time parties to the proceeding (even though less than a quorum of the Board); (C) by Special Legal Counsel; or (D) if so directed by the Board, by the
shareholders of the Company. If a Change in Control shall have occurred, the determination shall be made by Special Legal Counsel. Any determination made by Special 

  
 3 

 
Legal Counsel pursuant to this Section shall be in the form of a written opinion to the Board, a copy of which shall be delivered to Indemnitee. Indemnitee shall reasonably cooperate with the
person or persons making the determination, including providing to the person or persons upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably
available to Indemnitee and reasonably necessary to the determination. Any costs or expenses (including fees and expenses of counsel) incurred by Indemnitee in so cooperating with the person or persons making the determination shall be borne by the
Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification), and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. 

ii. In making any determination as to Indemnitee’s entitlement to indemnification hereunder, Indemnitee shall, to the fullest extent
not prohibited by law, be entitled to a presumption that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 1(e), and the Company shall, to the
fullest extent not prohibited by law, have the burdens of coming forward with evidence and of persuasion to overcome that presumption. 
 iii. The termination of any Proceeding or of any claim, issue or matter therein by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not of itself
create a presumption: (A) that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of the Company; (B) that with respect to any criminal Proceeding,
Indemnitee had reasonable cause to believe that Indemnitee’s conduct was unlawful; or (C) that Indemnitee did not otherwise satisfy the applicable standard of conduct to be indemnified pursuant to this Agreement. 

iv. For purposes of any determination of good faith, to the fullest extent permitted by law, Indemnitee shall be deemed to have acted in
good faith if Indemnitee’s action is based on the records or books of account of the Company, as applicable, including financial statements, or on information supplied to Indemnitee by the officers of such entity in the course of their duties,
or on the advice of legal counsel for such entity or on information or records given or reports made to such entity by an independent certified public accountant, appraiser or other expert selected with reasonable care by such entity. The provisions
of this Section 1(f)(iv) shall not be deemed to be exclusive or to limit in any way other circumstances in which Indemnitee may be deemed or found to have met the applicable standard of conduct to be indemnified pursuant to this Agreement.

 v. The knowledge or actions or failure to act of any other director, officer, employee or agent of the Company shall not be
imputed to Indemnitee for purposes of determining Indemnitee’s right to indemnification under this Agreement. 
 vi. If a
determination as to Indemnitee’s entitlement to indemnification shall not have been made pursuant to this Agreement within 60 days after the final disposition of the matter that is the subject of the request for indemnification, the requisite
determination of entitlement to indemnification shall, to the fullest extent not prohibited by law, be deemed to have been made in favor of Indemnitee, and Indemnitee shall be entitled to such indemnification,

  
 4 

 
absent (A) a misstatement of a material fact in the information provided by Indemnitee pursuant to Section 1(e) or an omission of a material fact necessary in order to make the
information provided not misleading, or (B) a prohibition of such indemnification under applicable law; provided that such 60-day period may be extended for a reasonable time, not to exceed an additional 30 days, if the person or persons making
the determination in good faith requires such additional time to obtain or evaluate any documentation or information relating thereto. 
 vii. For the purposes of this Agreement, a “Change in Control” of the Company shall be deemed to have occurred if: (A) any “person” (as such term is used in Sections 13(d) and
14(d) of the Securities Exchange Act of 1934, as amended), other than the Company, a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a corporation owned directly or indirectly by the shareholders of the
Company in substantially the same proportions as their ownership of stock of the Company, is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934), directly or indirectly, of securities of
the Company representing more than 15% of the total voting power represented by the Company’s then outstanding Voting Securities; (B) individuals who, as of the date of this Indemnification Agreement, constitute the Board (the
“Incumbent Board”) cease for any reason to constitute at least a majority of the Board, provided that any individual becoming a director subsequent to the date hereof whose election or nomination for election by the Company’s
shareholders was approved by a vote of at least two-thirds of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board; (C) the shareholders of the Company approve a
merger or consolidation of the Company with any other corporation other than a merger or consolidation which would result in the Voting Securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining
outstanding or by being converted into Voting Securities of the surviving entity) at least 80% of the total voting power represented by the Voting Securities of the Company or such surviving entity outstanding immediately after such merger or
consolidation, or the shareholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of (in one transaction or a series of transactions) all or substantially all of the
Company’s assets; (D) a transaction or a series of transactions causes the class of equity securities of the Company which, as of the date of this Agreement, is subject to Section 12(g) or Section 15(d) of the Securities Exchange
Act of 1934, as amended, to be held of record by less than 300 persons; or (E) a transaction or a series of transactions causes the class of equity securities of the Company which, as of the date of this Indemnification Agreement, is either
listed on a national securities exchange or authorized to be quoted in an inter-dealer quotation system of a registered national securities association to be neither listed on any national securities exchange nor authorized to be quoted in an
inter-dealer quotation system of a registered national securities association. 
 viii. For purposes of this Agreement,
“Voting Securities” shall mean any securities of the Company that vote generally in the election of directors. 
 ix.
For the purposes of this Agreement, “Special Legal Counsel” shall mean an attorney or firm of attorneys, selected by Indemnitee and approved by the Company (which approval shall not be unreasonably withheld), who shall not have otherwise
performed services for the Company or Indemnitee within the last three years (other than with respect to matters concerning the rights of Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements). 

  
 5 

 g. Survival. The indemnification provided under this Agreement shall apply to any and
all Proceedings, notwithstanding that Indemnitee has ceased to be a director, officer, employee, trustee or agent of the Company or a Related Company. 
 2. Expense Advances 
 a. Generally. To the extent not prohibited by
law, the right to indemnification conferred by Section 1 shall include the right to have the Company pay Indemnitee’s attorneys’ fees and other expenses in any Proceeding as such expenses are incurred and in advance of final
disposition of the Proceeding (such right is referred to hereinafter as an “Expense Advance”). 
 b. Conditions to
Expense Advance. The Company’s obligation to provide an Expense Advance is subject to the following conditions: 
 i.
Undertaking. If the Proceeding arose in connection with Indemnitee’s service as a director of the Company or member of a committee of the Board (and not in any other capacity in which Indemnitee rendered service, including but not
limited to service to any Related Company), then Indemnitee or Indemnitee’s representative shall have executed and delivered to the Company an undertaking (in the form of Exhibit B hereto), which need not be secured (unless specifically
required by applicable law) and shall be accepted without reference to Indemnitee’s financial ability to make repayment and without reference to Indemnitee’s ultimate entitlement to indemnification under this Agreement or otherwise, by or
on behalf of Indemnitee, to repay all Expense Advances if and to the extent that it shall ultimately be determined, by a final decision not subject to appeal rendered by a court having proper jurisdiction, that Indemnitee is not entitled to be
indemnified with respect to the Proceeding for which the Indemnitee sought the Expense Advance under this Agreement or otherwise. Indemnitee’s obligation to reimburse the Company for any Expense Advance shall be unsecured and no interest shall
be charged thereon. 
 ii. Cooperation. Indemnitee shall give the Company such information and cooperation as the Company
may reasonably request. 
 iii. Affirmation. If required under applicable law, Indemnitee shall furnish a written
affirmation of Indemnitee’s good faith belief that Indemnitee has met all applicable standards of conduct. 
 3.
Procedures for Enforcement 
 a. Enforcement. If a claim for indemnification made by Indemnitee hereunder is not
paid in full within sixty (60) days, or a claim for an Expense Advance made by Indemnitee hereunder is not paid in full within twenty (20) days, after written notice of such claim is delivered to the Company, Indemnitee may, but need not,
at any time thereafter bring suit against the Company to recover the unpaid amount of the claim (an “Enforcement Action”). In the alternative, Indemnitee may pursue Indemnitee’s claim specified in this section through arbitration
subject to the rules, terms, and conditions of the American Arbitration Association (AAA). 

  
 6 

 b. Presumptions in Enforcement Action. In any Enforcement Action the following
presumptions (and limitations on presumptions) shall apply: 
 i. The Company shall conclusively be presumed to have entered
into this Agreement and assumed the obligations imposed hereunder in order to induce Indemnitee to serve or to continue to serve as a director of the Company; 
 ii. Neither: (A) the failure of the Company (including but not limited to the Board, independent or Special Legal Counsel or the Company’s shareholders) to make a determination prior to the
commencement of the Enforcement Action that indemnification of Indemnitee is proper in the circumstances; nor (B) an actual determination by the Company, the Board, independent or Special Legal Counsel or the Company’s shareholders that
Indemnitee is not entitled to indemnification shall be a defense to the Enforcement Action or create a presumption that Indemnitee is not entitled to indemnification hereunder; and 

iii. If Indemnitee is or was serving as a director, officer, employee, trustee or agent of a corporation of which a majority of the
shares entitled to vote in the election of its directors is held by the Company or in an executive or management capacity in a partnership, joint venture, trust or other enterprise of which the Company or a wholly-owned subsidiary of the Company is
a general partner or has a majority ownership, then such corporation, partnership, joint venture, trust or enterprise shall conclusively be deemed a Related Company and Indemnitee shall conclusively be deemed to be serving such Related Company at
the request of the Company. 
 c. Attorneys’ Fees and Expenses for Enforcement Action. If Indemnitee is required to
bring an Enforcement Action, the Company shall hold harmless and indemnify Indemnitee against all of Indemnitee’s attorneys’ fees and expenses in bringing and pursuing the Enforcement Action (including but not limited to attorneys’
fees at any stage, and on appeal); provided, however, that the Company shall not be required to provide indemnification for such fees and expenses if a court of competent jurisdiction determines that any of the material
assertions made by Indemnitee in such Enforcement Action were not made in good faith or were frivolous. 
 4. Defense of
Claim. With respect to any Proceeding as to which Indemnitee has provided notice to the Company pursuant to Section 1(e): 
 a. The Company may participate therein at its own expense. 
 b. The Company,
jointly with any other indemnifying party similarly notified, may assume the defense thereof, with counsel reasonably satisfactory to Indemnitee. After notice from the Company to Indemnitee of its election to so assume the defense thereof, the
Company shall not be liable to Indemnitee under this Agreement for any legal fees or other expenses (other than reasonable costs of investigation) subsequently incurred by Indemnitee in connection with the defense thereof unless: (i) the
employment of counsel by Indemnitee or the incurring of such expenses has been authorized by the Company; (ii) Indemnitee shall have 

  
 7 

 
reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of the defense of such Proceeding; or (iii) the Company shall not in fact have
employed counsel to assume the defense of such Proceeding, in each of which cases the legal fees and other expenses of Indemnitee shall be borne by the Company. The Company shall not be entitled to assume the defense of a Proceeding brought by or on
behalf of the Company or as to which Indemnitee shall have reached the conclusion described in clause (ii) above. 
 c. The
Company shall not be liable for any amounts paid in settlement of any Proceeding effected without its written consent. 
 d. The
Company shall not settle any Proceeding in any manner which would impose any penalty or limitation on Indemnitee without Indemnitee’s written consent. 
 e. Neither the Company nor Indemnitee will unreasonably withhold its or Indemnitee’s consent to any proposed settlement of any Proceeding. 

5. Maintenance of D&O Insurance 
 a. Subject to Section 5(c) below, during the period (the “Coverage Period”) beginning as soon as practicable following the date of this Agreement and ending not less than six (6) years
following the time Indemnitee is no longer serving as either a director or officer of the Company or any Related Company, or, if later, such time as Indemnitee shall no longer be reasonably subject to any possible Proceeding, the Company shall
maintain a directors’ and officers’ liability insurance policy (“D&O Insurance”) in full force and effect, providing in all respects coverage at least comparable to and in similar amounts as that obtained by other comparable
companies. 
 b. Under all policies of D&O Insurance, Indemnitee shall during the Coverage Period be named as an insured in
such a manner as to provide Indemnitee the same rights and benefits, subject to the same limitations, as are accorded to the Company’s directors or officers most favorably insured by the policy. 

c. The Company shall have no obligation to obtain or maintain D&O Insurance if the Board determines in good faith that such insurance
is not reasonably available, the premium costs for such insurance are disproportionate to the amount of coverage provided, or the coverage provided by such insurance is so limited by exclusions as to provide an insufficient benefit. 

d. It is the intention of the parties in entering into this Agreement that the insurers under the D&O Insurance, if any, shall be
obligated ultimately to pay any claims by Indemnitee which are covered by D&O Insurance, and nothing herein shall be deemed to diminish or otherwise restrict the Company’s or Indemnitee’s right to proceed or collect against any
insurers under D&O Insurance or to give such insurers any rights against the Company or Indemnitee under or with respect to this Agreement, including but not limited to any right to be subrogated to the Company’s or Indemnitee’s rights
hereunder, unless otherwise expressly agreed to by the Company and Indemnitee in writing. The obligation of such insurers to the Company and Indemnitee shall not be deemed reduced or impaired in any respect by virtue of the provisions of this
Agreement. 

  
 8 

 6. Limitations on Indemnification; Mutual Acknowledgment 

a. Limitation on Indemnity. No indemnification pursuant to this Agreement shall be provided by the Company:

 i. On account of any suit in which a final, unappealable judgment is rendered against Indemnitee for an accounting of profits
made from the purchase or sale by Indemnitee of securities of the Company in violation of the provisions of Section 16(b) of the Securities Exchange Act of 1934 and amendments thereto; or 

ii. For Damages or Expense Advances that have been paid directly to Indemnitee by an insurance carrier under a policy of D&O
Insurance or other insurance maintained by the Company; or 
 iii. In connection with any action, suit or other proceeding
(except for an Enforcement Action brought by the Indemnitee pursuant to Section 3) initiated by Indemnitee (including any such action, suit or other proceeding (or part thereof) initiated by Indemnitee against the Company or its directors,
officers, employees, agents or other indemnitees), unless: (A) the Board authorized the action, suit or other proceeding (or part thereof) prior to its initiation; or (B) the Company provides the indemnification, in its sole discretion,
pursuant to the powers vested in the Company under applicable law. 
 b. Mutual Acknowledgment. The Company and Indemnitee
acknowledge that, in certain instances, federal law or public policy may override applicable state law and prohibit the Company from indemnifying Indemnitee under this Agreement or otherwise. For example, the Company and Indemnitee acknowledge that
the Securities and Exchange Commission (the “SEC”) has taken the position that indemnification is not permissible for liabilities arising under certain federal securities laws, and federal legislation prohibits indemnification for certain
ERISA violations. Furthermore, Indemnitee understands and acknowledges that the Company has undertaken or may be required in the future to undertake with the SEC to submit for judicial determination the issue of the Company’s power to indemnify
Indemnitee in certain circumstances. 
 7. Subrogation. In the event of any payment under this Agreement, the Company
shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and take all such actions necessary to secure such rights, including but not limited to execution of such
documents as are necessary to enable the Company to bring suit to enforce such rights. 
 8. Severability. Nothing in
this Agreement is intended to require or shall be construed as requiring the Company to take or fail to take any action in violation of applicable law. The Company’s inability to perform its obligations under this Agreement pursuant to court
order shall not constitute a breach of this Agreement. The provisions of this Agreement shall be severable, as provided in this Section 8. If a court of competent jurisdiction should decline to enforce any of the provisions of this Agreement,
the Company and Indemnitee agree that such 

  
 9 

 
provisions shall be deemed to be reformed to provide Indemnitee indemnification by the Company to the maximum extent permitted by the other portions of this Agreement that are not unenforceable,
the remainder of this Agreement shall not be affected, and this Agreement shall continue in force. 
 9. Governing Law;
Binding Effect; Amendment and Termination 
 a. This Agreement shall be interpreted and enforced in
accordance with the laws of the State of Washington. 
 b. This Agreement shall be binding upon Indemnitee and upon the Company,
its successors and assigns, and shall inure to the benefit of Indemnitee, Indemnitee’s heirs, personal representatives and assigns and to the benefit of the Company, its successors and assigns. 

c. No amendment, modification, termination or cancellation of this Agreement shall be effective unless in writing signed by both parties
hereto. 
 d. Nothing in this Agreement shall confer upon Indemnitee the right to continue to serve the Company in any capacity.
If Indemnitee is an employee of the Company, then, unless otherwise expressly provided in a written employment agreement between the Company and Indemnitee, the employment of Indemnitee with the Company shall be terminable at will by either party.

 e. This Agreement may be executed in two counterparts, each of which shall be deemed an original, but both of which together
shall constitute one and the same instrument. 
 IN WITNESS WHEREOF, the parties have executed and delivered this Agreement
effective as of the day and year first set forth above. 
  

							
	 “Company”
	 		 	NORDSTROM, INC.
				
		 		 	By	 	/s/ Robert B. Sari
		 		 		 	Robert B. Sari, Executive Vice President,
		 		 		 	General Counsel & Secretary
				
	 “Indemnitee”
	 		 	 	 	 
		 		 	[type name of Director]

  
 10 

 EXHIBIT A 
 NOTICE OF CLAIM 
 1. Notice is hereby given by the undersigned,
____________________________, pursuant to Section 1(e) of the Indemnification Agreement (“Agreement”) dated as of ____________________, between Nordstrom, Inc., a Washington corporation (the “Company”), and the undersigned,
of the commencement of a Proceeding, as defined in the Agreement. 
 2. The undersigned hereby requests indemnification with
respect to the Proceeding by the Company under the terms of the Agreement. 
 3. [Add brief description of the
Proceeding] 
 Dated: _______________, ________. 

 

	
	
	  
	

 EXHIBIT B 
 STATEMENT OF UNDERTAKING 
  

			
	STATE OF ____________________	 	)
		 	) ss.
	COUNTY OF __________________	 	)

 I, ____________________, being first
duly sworn, do depose and say as follows: 
 1. This Statement is submitted pursuant to the Indemnification Agreement (the
“Agreement”) dated as of ____________________ between Nordstrom, Inc., a Washington corporation (the “Company”), and me. 
 2. I am requesting an Expense Advance, as defined in the Agreement. 
 3. I hereby
undertake to repay the Expense Advance if and to the extent it is ultimately determined by a final, unappealable decision rendered by a court having proper jurisdiction that I am not entitled to be indemnified by the Company. 

4. The expenses for which advancement is requested are as follows: 

    [Add brief description of expenses] 

 
 DATED: ______________________, ___________. 

 

	
	
	  
	

 SUBSCRIBED AND SWORN TO before me this          day of
                        , 

					
			
	(Seal or stamp)	 		 	  
		 		 	Notary Signature
			
	 	 		 	  
		 		 	Print/Type Name
		 		 	 Notary Public in and for the State of _____________,
 residing at ________________________________
 My appointment expires
______________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00186-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00186-of-00352.parquet"}]]