Document:

Form of Restricted Stock Unit Agreement

 Exhibit 10.2 
 BROCADE COMMUNICATIONS SYSTEMS, INC. 
 2009 STOCK
PLAN 
 RESTRICTED STOCK UNIT AGREEMENT 
 (FORM OF MARKET STOCK UNITS) 
 NOTICE OF GRANT 
 [%%FIRST_NAME%-% %%MIDDLE_NAME%-% %%LAST_NAME%-%] 
 You (“Grantee”) have been granted an award of market performance-based Restricted Stock Units under the Company’s 2009 Stock Plan (the “Plan”). The date of this
Restricted Stock Unit Agreement (the “Agreement”) is the Grant Date defined below. Subject to the provisions of Appendix A and the Plan, which are attached hereto and incorporated herein in their entirety, the principal
features of this award are as follows: 
  

			
	Grant Date:	  	[                    ] (the “Grant
Date”)
		
	Baseline Number of Restricted Stock Units:	  	[            ] (the “Baseline Number of Restricted Stock Units”)
		
	Maximum Number of Restricted Stock Units:	  	[            ] (the “Maximum Number of Restricted Stock Units”)
		
	Performance Period:	  	[                    ] through
[                    ] (subject to Section 4(c) of Appendix A) (the “Performance Period”).
		
	Performance Matrix:	  	The number of Restricted Stock Units in which you may vest in accordance with the Vesting Schedule will depend upon the Company’s Stock Price Performance as
compared to the QQQQ Stock Price Performance for the Performance Period and will be determined in accordance with Section 1 of Appendix A.
		
	Vesting Schedule:	  	[            ]

 Your acceptance online indicates your agreement and understanding that this award is subject
to all of the terms and conditions contained in Appendix A and the Plan. For example, important additional information on vesting and forfeiture of the Restricted Stock Units is contained in Sections 3 through 5 and Section 7 of
Appendix A. PLEASE BE SURE TO READ ALL OF APPENDIX A AND THE PLAN, WHICH CONTAIN THE SPECIFIC TERMS AND CONDITIONS OF THIS AWARD. 
  

			
	BROCADE COMMUNICATIONS SYSTEMS, INC.	  	GRANTEE
		
	  
	  	  

	Signature	  	Signature
		
	  
	  	  

	Print Name	  	Print Name
		
	  
	  	
	Title	  	

  

 1 

 APPENDIX A 
 TERMS AND CONDITIONS OF RESTRICTED STOCK UNITS 
 (2010 MARKET STOCK UNITS) 
 Unless otherwise defined herein, capitalized terms used herein shall have the
meanings ascribed to them in the Plan. 
 1. Grant. 
 (a) The Company hereby grants to the Grantee under the Plan an award of the Baseline Number of Restricted Stock Units set forth on the Notice
of Grant, subject to adjustment for performance and vesting requirements in accordance with the Notice of Grant and this Appendix A and all of the terms and conditions in this Agreement and the Plan. For each Restricted Stock Unit that vests, the
Grantee will be entitled to receive one (1) Share (subject to automatic adjustment for stock splits, combinations and other adjustments contemplated in the Plan). 
 (b) The number of Restricted Stock Units in which the Grantee may vest in accordance with the Vesting Schedule will depend upon the Company’s Stock Price Performance as compared to the QQQQ Stock
Price Performance for the Performance Period and will be determined following the end of the Performance Period as follows: 
 (i) Performance Calculation. 
 (a) The “Company’s Stock Price Performance” means the percentage
increase or decrease in the average closing price per share of the Company’s Common Stock for (i) the last [    ] market trading days in the Performance Period, over (ii) the
[    ] market trading day period beginning on [    ] and ending on [    ]. The Company’s share price shall also be adjusted to reflect the
reinvestment of any dividends issued by the Company during the Performance Period. 
 (b) The “QQQQ’s Stock Price
Performance” means the percentage increase or decrease in the total return (change in share price plus reinvestment of any dividends) of a share of Nasdaq-100 Index Tracking Stock issued by the PowerShares QQQ Trust, Series 1 (or any
successor fund) for (i) the last [    ] market trading days in the Performance Period, over (ii) the [    ] market trading day period beginning on
[    ] and ending on [    ]. 
 (c) The Company’s
Stock Price Performance will be compared against the QQQQ’s Stock Price Performance (each expressed as a growth rate percentage as of the beginning of the Performance Period) to result in the growth rate difference (the “Growth Rate
Delta”) equal to the Company’s Stock Price Performance minus the QQQQ’s Stock Price Performance. 
  

 A-1 

 (ii) RSU Calculation. 
 (a) If the Growth Rate Delta is equal to zero percent (0%), the number of Restricted Stock Units that will be eligible to vest (the
“Calculated RSUs”) will equal the Baseline Number of Restricted Stock Units; and 
 (b) If the Growth Rate
Delta is greater or less than zero percent (0%), the number of Restricted Stock Units that will be Calculated RSUs will be equal to: (i) the Baseline Number of Restricted Stock Units, multiplied by (ii) the sum of (A) 100% plus
(B) [__] times the Growth Rate Delta; provided, however, that in no event will more than the Maximum Number of Restricted Stock Units become Calculated RSUs or will the number of Calculated RSUs go below zero. 
 (iii) Examples (for illustration purposes only). 
 (a) Example #1: If the Growth Rate Delta was 20%, then [            ] of the Baseline Number of Restricted Stock Units would be
Calculated RSUs. 
 (b) Example #2: If the Growth Rate Delta was -20%, then
[            ] of the Baseline Number of Restricted Stock Units would be Calculated RSUs. 
 (c) When Shares are paid to the Grantee in payment for the Restricted Stock Units, par value ($.001 per share) will be deemed paid by the Grantee for each Restricted Stock Unit by services rendered
by the Grantee, and will be subject to the appropriate tax withholdings in accordance with Section 9 below. 
 2.
Company’s Obligation to Pay. Each Restricted Stock Unit has a value equal to the Fair Market Value of a Share on the date that the Restricted Stock Unit is granted. Unless and until the Restricted Stock Units have vested in the manner
set forth in Sections 3 through 5, the Grantee will have no right to payment of such Restricted Stock Units. Prior to actual payment of Shares upon the vesting of any Restricted Stock Units, such Restricted Stock Units will represent an
unsecured obligation. Payment of any vested Restricted Stock Units shall be made in whole Shares only and any fractional Shares will be forfeited at the time of payment. 
 3. Vesting Schedule/Period of Restriction. Except as provided in Sections 4 and 5 and subject to Section 7, the Restricted Stock Units awarded by this Agreement shall vest in accordance with
the vesting provisions set forth on the Notice of Grant. Restricted Stock Units shall not vest in accordance with any of the provisions of this Agreement unless the Grantee shall have been continuously employed by the Company or by its Parent or
other successor or a Subsidiary from the Grant Date through the dates the Restricted Stock Units are otherwise scheduled to vest. 
 4. Modifications to Vesting Schedule. 
 (a) Vesting upon Leave of Absence. In the event that the
Grantee takes an authorized leave of absence (“LOA”), the Restricted Stock Units awarded by this Agreement that are eligible to be earned shall either: (i) not be affected, or (ii) shall be deferred for a period of time
equal to the duration of such LOA, based on the Company’s LOA policy in effect at such time as determined by the Company in its sole discretion. 
  

 A-2 

 (b) Death or Disability of Grantee. In the event that the Grantee’s relationship
with the Company or its Parent or other successor or a Subsidiary as a Service Provider is terminated prior to full vesting of the Restricted Stock Units due to his or her death or Disability, the unvested portion of the Restricted Stock Units
subject to this Restricted Stock Unit Award shall be forfeited on the date of the Grantee’s death or Disability, unless otherwise determined by the Administrator. 
 (c) [Change in Control. In the event of a Change in Control, the Performance Period shall be deemed to end upon the closing of the Change in Control for purposes of determining the
Company’s Stock Price Performance and the QQQQ’s Stock Price Performance and the number of Restricted Stock Units that are Calculated RSUs will be determined in accordance with the Performance Matrix and Section 1 of this Appendix A.
The Grantee shall vest in the number of Calculated RSUs determined based on the preceding sentence as follows: [fifty percent (50%)] of the Calculated RSUs will vest immediately prior to and contingent upon the Change in Control (the
“New First Vesting Date”) and [the remaining fifty percent (50%)] of the Calculated RSUs will vest on the [one-year anniversary] of the closing of the Change in Control (the “New Second Vesting
Date,” and each of the New First Vesting Date and the New Second Vesting Date, a “New Vesting Date”), in each case unless vested earlier in accordance with the terms of this Award, Section 18 of the Plan, any Change of
Control and Retention Agreement between Grantee and the Company or any employment or other change in control agreement by and between the Company and the Grantee and provided that the Grantee remains a Service Provider through such New Vesting Date
or as otherwise set forth in this Agreement. In accordance with Section 1 of this Appendix A, the Administrator shall not be entitled to eliminate or reduce the number of Calculated RSUs determined in accordance with Section 1 of Appendix
A following a Change in Control.] 
 5. Administrator Discretion. The Administrator, in its discretion, may
accelerate the vesting of the balance, or some lesser portion of the balance, of the Restricted Stock Units at any time, subject to the terms of the Plan. Such acceleration may result in tax or other consequences to the Grantee. If so accelerated,
such Restricted Stock Units will be considered as having vested as of the date specified by the Administrator. If the Administrator, in its discretion, accelerates the vesting of the balance, or some lesser portion of the balance, of the Restricted
Stock Units, the payment of such accelerated Restricted Stock Units nevertheless shall be made at the same time or times as if such Restricted Stock Units had vested in accordance with the vesting schedule set forth on the Notice of Grant and
Section 1 or Section 4 of this Agreement, as applicable, or as otherwise provided herein (whether or not the Grantee remains employed by the Company or by one of its Subsidiaries as of such date(s)). The Grantee is hereby advised to
consult with the Grantee’s own personal tax, legal and financial advisors regarding the Grantee’s participation in the Plan before taking any action related to the Plan. 
 6. Payment after Vesting. Any Restricted Stock Units that vest in accordance with this Agreement will be paid to the Grantee (or in
the event of the Grantee’s death, to his or her estate) as soon as practicable following the applicable Vesting Date (or New Vesting Date, as applicable), subject to Sections 9 and 21, but no later than sixty (60) days following
the applicable Vesting Date (or New Vesting Date, as applicable). 
 7. Forfeiture. Except as set forth in Sections 4 or
5 or applicable Change of Control and Retention Agreement between Grantee and the Company (or successor), the balance of the Restricted Stock Units that have not vested pursuant to Sections 3 through 5 at the time of the termination of the
Grantee’s relationship with the Company as a Service Provider for any or no reason will be forfeited. 
  

 A-3 

 8. [Reserved] 
 9. Withholding of Taxes. 
 (a) General. Regardless of any action the
Company and/or the Grantee’s employer (the “Employer”) take with respect to any or all income tax (including U.S. federal, state, local and/or non-U.S. taxes), social insurance, payroll tax, payment on account or other
tax-related withholdings (“Tax-Related Items”), the Grantee acknowledges that the ultimate liability for all Tax-Related Items legally due by the Grantee is and remains the Grantee’s responsibility and that the Company and/or
the Employer (i) make no guarantees or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the award, including the grant of the Restricted Stock Units, the vesting of the Restricted Stock Units, the
delivery of Shares, the subsequent sale of any Shares received at vesting and the receipt of any dividends; and (ii) do not commit to structure the terms of the grant or any aspect of the award to reduce or eliminate the Grantee’s
liability for Tax-Related Items. 
 (b) Payment of Tax-Related Items. The Grantee authorizes the Company and/or the
Employer, at its discretion, to satisfy the obligations with regard to all Tax-Related Items by automatically withholding a portion of the Shares issued as payment for vested Restricted Stock Units that have an aggregate market value sufficient to
pay all Tax-Related Items required to be withheld by the Company and/or the Employer with respect to the vesting of the Restricted Stock Units and issuance of the Shares, unless the Company, in its sole discretion, either requires or otherwise
permits the Grantee to make alternate arrangements satisfactory to the Company for such withholdings in advance of, or concurrently with, the arising of any withholding obligations. The number of Shares withheld pursuant to the prior sentence will
be rounded up to the nearest whole Share, with no refund for any value of the Shares withheld in excess of the tax obligation as a result of such rounding. 
 If the obligation of Tax-Related Items is satisfied by reducing the number of Shares delivered as described herein, the Grantee is deemed to have been issued the full number of Shares subject to the award
of Restricted Stock Units, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of the award. 
 If the foregoing method of withholding is prohibited or insufficient to satisfy all Tax-Related Items required to be withheld by the Company
and/or the Employer with respect to the vesting of the Restricted Stock Units and issuance of the Shares or if the Company, in its discretion, determines not to apply the foregoing method of withholding, then the Grantee hereby authorizes the
Company and/or the Employer to satisfy such obligations by one or a combination of the following: (i) withholding from the Grantee’s wages or other cash compensation paid to the Grantee by the Company and/or the Employer, to the maximum
extent permitted by law; or (ii) selling the applicable number of Shares or arranging for the sale of the applicable number of Shares (in either case on the Grantee’s behalf and at the Grantee’s discretion pursuant to this
authorization) issued in settlement of vested Restricted Stock Units and retaining the requisite proceeds from such sale. 
 Finally, the Grantee shall pay to the Company and/or the Employer any amount of Tax-Related Items that the Company and/or the Employer may be required to withhold as a result of the Grantee’s participation in the Plan that cannot be
satisfied by the means previously described. The Company may refuse to deliver to the Grantee any Shares pursuant to the award if the Grantee fails to comply with the Grantee’s obligations in connection with the Tax-Related Items, as described
in this Section 9. 
  

 A-4 

 10. Rights as Stockholder. Neither the Grantee nor any person claiming under or
through the Grantee will have any of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares (which may be in book entry form) will have been
issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to the Grantee (including through electronic delivery to a brokerage account). After such issuance, recordation and delivery, the Grantee will have
all the rights of a stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such Shares. 
 11. No Effect on Employment. Subject to any employment contract with the Grantee, the terms of such employment will be determined from time to time by the Company, or the Subsidiary employing the
Grantee, as the case may be, and the Company, or the Subsidiary employing the Grantee, as the case may be, will have the right, which is hereby expressly reserved, to terminate or change the terms of the employment of the Grantee at any time for any
reason whatsoever, with or without good cause. The transactions contemplated hereunder and the vesting schedule set forth on the first page of this Agreement do not constitute an express or implied promise of continued employment for any period of
time. A leave of absence or an interruption in service (including an interruption during military service) authorized or acknowledged by the Company or the Subsidiary employing the Grantee, as the case may be, shall not be deemed a termination
of the Grantee’s relationship with the Company or its Subsidiary as a Service Provider for the purposes of this Agreement. 
 12. Address for Notices. Any notice to be given to the Company under the terms of this Agreement will be addressed to the Company, in care of Stock Administrator, at 1745 Technology Drive, San Jose, California, 95110, USA, or at such
other address as the Company may hereafter designate in writing, with a copy to the Company, C/O General Counsel, 1745 Technology Drive, San Jose, California, 95110, USA. 
 13. Grant is Not Transferable. Except to the limited extent provided in this Agreement or the Plan, this grant of Restricted Stock Units and the rights and privileges conferred hereby will not be
sold, pledged, assigned, hypothecated, transferred or disposed of any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Grantee has been issued Shares in
payment of the Restricted Stock Units. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or
similar process, this grant and the rights and privileges conferred hereby immediately will become null and void. Notwithstanding the foregoing, Grantee may, in a manner and in accordance with terms specified by the Administrator, transfer these
Restricted Stock Units to Grantee’s spouse, former spouse or dependent pursuant to a court-approved domestic relations order which relates to the provision of child support, alimony payments or marital property rights. 
 14. Restrictions on Sale of Securities. The Shares issued as payment for vested Restricted Stock Units under this Agreement will be
registered under U.S. federal securities laws and will be freely tradable upon receipt. However, a Grantee’s subsequent sale of the Shares may be subject to any market blackout-period that may be imposed by the Company and must comply with the
Company’s insider trading policies, and any other U.S. securities laws or other Applicable Laws. 
  

 A-5 

 15. Binding Agreement. Subject to the limitation on the transferability of this grant
contained herein, this Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 
 16. Additional Conditions to Issuance of Certificates for Shares. The Company shall not be required to issue any certificate or
certificates for Shares hereunder prior to fulfillment of all the following conditions: (a) the admission of such Shares to listing on all stock exchanges on which such class of stock is then listed; (b) the completion of any registration
or other qualification of such Shares under any U.S. state or federal or non-U.S. law or under the rulings or regulations of the Securities and Exchange Commission or any other governmental regulatory body, which the Administrator shall, in its
absolute discretion, deem necessary or advisable; (c) the obtaining of any approval or other clearance from any U.S. state or federal or non-U.S. governmental agency, which the Administrator shall, in its absolute discretion, determine to be
necessary or advisable; and (d) the lapse of such reasonable period of time following the Vesting Date of the Restricted Stock Units as the Administrator may establish from time to time for reasons of administrative convenience. 
 17. Plan Governs. This Agreement is subject to all the terms and provisions of the Plan. In the event of a conflict between one or
more provisions of this Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. 
 18.
Administrator Authority. The Administrator will have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or
revoke any such rules (including, but not limited to, the determination of whether or not any Restricted Stock Units have vested). All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and
binding upon the Grantee, the Company and all other interested persons. No member of the Administrator will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement.

 19. Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or
construction of this Agreement. 
 20. Agreement Severable. In the event that any provision in this Agreement will be
held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Agreement. 
 21. Modifications to the Agreement. This Agreement, including Appendix A, together with the Plan, constitutes the entire
understanding of the parties on the subjects covered, subject to any applicable pre-existing agreement or agreement entered into after the date hereof relating to full or partial acceleration of vesting in the event of a change of control of the
Company (or similar event). The Grantee expressly warrants that he or she is not accepting this Agreement in reliance on any promises, representations, or inducements other than those contained herein or expressly contemplated above. Modifications
to this Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Agreement, the Company reserves the right to revise this
Agreement as it deems necessary or advisable, in its sole discretion and without the consent of the Grantee, to comply with Section 409A of the Code or to otherwise avoid

  

 A-6 

 
imposition of any additional tax or income recognition under Section 409A of the Code prior to the actual payment of Shares pursuant to this award of Restricted Stock Units. Notwithstanding
the foregoing, if required by Section 409A of the Code, no Restricted Stock Units will be paid to the Grantee (or in the event of the Grantee’s death, to his or her estate) earlier than six (6) months and one (1) day
following the date of the termination of the Grantee’s relationship with the Company as a Service Provider, subject to Section 9. 
 22. Amendment, Suspension or Termination of the Plan. By accepting this Restricted Stock Unit Award, the Grantee expressly warrants that he or she has received a right to receive stock under the
Plan, and has received, read and understood a description of the Plan. The Grantee understands that the Plan is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, except as otherwise provided in
the Plan and/or the Agreement. 
 23. Labor Law and Nature of Grant. In accepting the award of Restricted Stock Units,
the Grantee acknowledges that: 
 (a) the Plan is established voluntarily by the Company; 
 (b) the award of Restricted Stock Units is voluntary and occasional and does not create any contractual or other right to receive future
awards of Restricted Stock Units, or benefits in lieu of Restricted Stock Units even if Restricted Stock Units have been awarded repeatedly in the past; 
 (c) all decisions with respect to future awards, if any, will be at the sole discretion of the Company; 
 (d) the Grantee’s participation in the Plan is voluntary; 
 (e) the award is
an extraordinary item that is outside the scope of the Grantee’s employment or service contract, if any; 
 (f) the award
is not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculation of any severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or
retirement or welfare benefits or similar payments; 
 (g) in the event that the Grantee is not an employee of the Company, the
award will not be interpreted to form an employment or service contract or relationship with the Company; and, furthermore, the award will not be interpreted to form an employment or service contract or relationship with the Employer or any Parent
or other successor or a Subsidiary of the Company; 
 (h) the future value of the underlying Shares is unknown and cannot be
predicted with certainty; 
 (i) the Company is not providing any tax, legal, or financial advice, nor is the Company making any
recommendations regarding the Grantee’s participation in the Plan or the acquisition or sale of Shares; and 
  

 A-7 

 (j) the Grantee is hereby advised to consult with the Grantee’s own personal tax, legal
and financial advisors regarding the Grantee’s participation in the Plan before taking any action related to the Plan. 
 24. Data Privacy. The Grantee hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of the Grantee’s personal data as described in the Notice of Grant and this Agreement
and any other Restricted Stock Unit grant materials by and among, as applicable, the Employer, the Company and its Subsidiaries for the exclusive purpose of implementing, administering and managing the Grantee’s participation in the Plan.

 The Grantee understands that the Company and the Employer may hold certain personal information about the Grantee, including,
but not limited to, the Grantee’s name, home address and telephone number, date of birth, social insurance or other identification number, salary, nationality, job title, any Shares or directorships held in the Company, details of all
Restricted Stock Units or any other entitlement to Shares awarded, canceled, vested, unvested or outstanding in the Grantee’s favor, for the exclusive purpose of implementing, administering and managing the Plan (“Data”).

 The Grantee understands that Data will be transferred to E*Trade or such other stock plan service provider as may be selected
by the Company in the future, which is assisting the Company with the implementation, administration and management of the Plan. The Grantee understands the recipients of Data may be located in the Grantee’s country, in the United States or
elsewhere, and that the recipients’ country may have different data privacy laws and protections than the Grantee’s country. The Grantee understands that the Grantee may request a list with the names and addresses of any potential
recipients of the Data by contacting the Grantee’s local human resources representative. The Grantee authorizes the Company, E*Trade and any other potential recipients which may assist the Company (presently or in the future) with
implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing the Grantee’s participation in the Plan. The
Grantee understands that he or she may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein, in any case
without cost, by contacting in writing the Grantee’s local human resources representative. The Grantee understands, however, that refusing or withdrawing consent may affect the Grantee’s ability to participate in the Plan. For more
information on the consequences of the Grantee’s refusal to consent or withdrawal of consent, the Grantee understands that he or she may contact his or her local human resources representative. 
 25. Notice of Governing Law. This award of Restricted Stock Units shall be governed by, and construed in accordance with, the laws of
the State of California, without regard to principles of conflict of laws. For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by the award of Restricted Stock Units, the parties
hereby submit to and consent to the exclusive jurisdiction of the State of California and agree that such litigation shall be conducted on in the courts of Santa Clara County, California or the federal courts for the United States for the Northern
District of California, and no other courts, where this grant is made and/or to be performed. 
 26. Electronic Delivery.
The Company may, in its sole discretion, decide to deliver any documents related to Restricted Stock Units awarded under the Plan or future Restricted Stock Units that may be awarded under the Plan by electronic means, or to request the
Grantee’s consent to participate in the Plan by electronic means. The Grantee hereby consents to receive such documents by electronic delivery and if requested, to agree to participate in the Plan through an on-line or electronic system
established and maintained by the Company or another third party designated by the Company. 
  

 A-8Form of Non-Qualified Stock Option Agreement

 Exhibit 10.1 
 H.B. FULLER COMPANY 
 NON-QUALIFIED STOCK OPTION
AGREEMENT 
 (Under the Amended and Restated Year 2000 Stock Incentive Plan) 
 THIS AGREEMENT, dated as of December 3, 2009 is entered into between H.B. Fuller Company, a Minnesota corporation (the
“Company”), and                     , an officer or other employee of the Company or an Affiliate of the Company
(“Participant”). 
 The Company, pursuant to the Amended and Restated H.B. Fuller Company Year 2000 Stock Incentive
Plan (the “Plan”), wishes to grant stock options for the purchase of Common Stock, par value $1.00 per share, of the Company (“Common Stock”), to Participant on the terms and conditions contained in this Agreement and the Plan.

 Capitalized terms used herein and not otherwise defined shall have the meaning given such terms in the Plan. 
 Accordingly, in consideration of the premises and agreements set forth herein, the parties hereto hereby agree as follows: 
  

	 	1.	Grant of Option. 

 The
Company, effective as of the date of this Agreement, hereby grants to Participant, as a matter of separate agreement and not in lieu of salary or other compensation for services rendered, the right and option (the “Option”) to purchase all
or any part of an aggregate of                      shares of Common Stock (the “Shares”) at the price of
$             per share on the terms and conditions set forth in this Agreement. The Option is not intended to be an incentive stock option within the meaning of the Internal Revenue
Code of 1986, as amended. 
  

	 	2.	Vesting and Term of Option. 

 (a) The Option may not be exercised prior to December 3, 2010. Commencing on December 3, 2010, the Option may be exercised by Participant prior to its termination in cumulative annual installments as follows: 
  

				
	 Date
	  	Percentage of Shares as to
which Option is Exercisable	 
	 December 3, 2010
	  	33	% 
	 December 3, 2011
	  	66	% 
	 December 3, 2012
	  	100	% 

  

 -1- 

 The Option shall in all events terminate on December 3, 2019 or such earlier date as prescribed herein.

 (b) Notwithstanding the vesting provision contained in Section 2(a) above, but subject to the other terms and conditions
set forth herein, the Option may be exercised, in whole or in part, at any time, or from time to time, following the occurrence of a Change in Control of the Company. 
 (c) For the purposes of this Agreement, a “Change in Control” shall be deemed to have occurred upon any of the following events: 
 (i) a public announcement (which, for purposes hereof, shall include, without limitation, a report filed pursuant to
Section 13(d) of the Exchange Act) that any individual, corporation, partnership, association, trust or other entity becomes the beneficial owner (as defined in Rule 13(d)(3) promulgated under the Exchange Act), directly or indirectly, of
securities of the Company representing 30% or more of the Voting Power of the Company then outstanding; 
 (ii)
the individuals who, as of the date of this Agreement, are members of the Board of Directors of the Company (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board (provided, however, that if the
election or nomination for election by the Company’s shareholders of any new director was approved by a vote of at least a majority of the Incumbent Board, such new director shall be considered to be a member of the Incumbent Board);

 (iii) the approval of the shareholders of the Company, and consummation, of (A) any consolidation, merger
or statutory share exchange of the Company with any person in which the surviving entity would not have as its directors at least 60% of the Incumbent Board and as a result of which those persons who were shareholders of the Company immediately
prior to such transaction would not hold, immediately after such transaction, at least 60% of the Voting Power of the Company then outstanding or the combined voting power of the surviving entity’s then outstanding voting securities;
(B) any sale, lease, exchange or other transfer in one transaction or series of related transactions substantially all of the assets of the Company; or (C) the adoption of any plan or proposal for the complete or partial liquidation or
dissolution of the Company; or 
 (iv) a determination by a majority of the members of the Incumbent Board, in
their sole and absolute discretion, that there has been a Change in Control of the Company. 
  

 -2- 

 For purposes of this Section 2(c), “Voting Power” when used with reference to the Company
shall mean the voting power of all classes and series of capital stock of the Company now or hereafter authorized. 
 3.
Effect of Termination of Employment. 
 The Option shall terminate and may no longer be exercised if Participant ceases
to be employed by the Company or an Affiliate of the Company, except that: 
 (a) If the Participant voluntarily terminates
Participant’s employment or if the Company or an Affiliate of the Company terminates Participant’s employment for any reason other than gross and willful misconduct, disability, retirement or death, Participant may exercise the Option at
any time within ninety (90) days after such termination of employment to the extent that the Option was exercisable by Participant on the date of such termination, but not after the expiration of the term of the Option. 
 (b) If the Company or an Affiliate of the Company terminates Participant’s employment by reason of gross and willful misconduct during
the course of employment, including, but not limited to, wrongful appropriation of funds or the commission of a gross misdemeanor or felony, the Option shall be terminated as of the date of the misconduct. 
 (c) If Participant’s employment is terminated by reason of disability or retirement, the restrictions on Participant’s ability to
exercise any percentage of the Option as set forth in Section 2(a), shall lapse and the Option shall vest in full. If Participant’s employment is terminated by reason of retirement, Participant may exercise the Option at any time prior to
the end of the term of the Option, but not after the expiration of the term of the Option. If Participant’s employment is terminated by reason of disability, Participant may exercise the Option at any time within three years after such
termination of employment, but not after the expiration of the term of the Option. If Participant shall die following any such termination, the Option may be exercised at any time within 12 months after the date of Participant’s death by the
personal representatives or administrators of Participant or by any beneficiary designated in a manner established by the Committee or person or persons to whom the Option has been transferred by will or the applicable laws of descent and
distribution, subject to the condition that the Option shall not be exercisable after the expiration of the term of the Option. 
 (d) If Participant shall die while in the employ of the Company or an Affiliate of the Company, the restrictions on Participant’s (or his or her heirs’) ability to exercise any percentage of the Option as set forth in
Section 2(a), shall lapse and the Option shall vest in full. The Option may be exercised at any time within 12 months after the date of Participant’s death by the personal representatives or administrators of Participant or by any
beneficiary designated in a manner established by the Committee or person or persons to whom the Option has been transferred by will or the applicable laws of descent and distribution, subject to the condition that the Option shall not be
exercisable after the expiration of the term of the Option. 
  

 -3- 

 For purposes of this Section 3, “retirement” shall mean the voluntary or involuntary
termination of Participant’s employment for any reason other than gross and willful misconduct, disability or death, after the Participant has completed at least ten years of service as an employee of the Company and/or an Affiliate of the
Company and has attained age 55. 
 4. Method of Exercising Option. 
 (a) Subject to the terms and conditions of this Agreement, the Option shall be exercised by the delivery of written notice of exercise (the
“Notice”) to the Company (to the attention of the Equity Compensation Specialist) or its agent. The Notice shall be in written form or such other form as the Company may prescribe and shall state the election to exercise the
Option, the number of Shares as to which the Option is being exercised and the manner of payment and shall be signed by the person or persons so exercising the Option. The notice shall be accompanied by payment in full of the exercise price for all
Shares designated in the notice The Notice shall also be accompanied by such other information and documents as the Company, in its discretion, may request. To the extent that the Option is exercised after Participant’s death, the notice
of exercise shall also be accompanied by appropriate proof of the right of such person or persons to exercise the Option 
 (b)
Payment of the exercise price shall be made to the Company through one or a combination of the following methods: 
 (i) delivery of a certified or cashier’s check, or a wire transfer, payable to the Company or cash, in United States currency; 
 (ii) delivery of shares of Common Stock acquired by Participant more than six months prior to the date of exercise having a Fair Market Value on the date of exercise equal to the Option exercise price.
Participant shall duly endorse all certificates delivered to the Company in blank and shall represent and warrant in writing that Participant is the owner of the shares so delivered, free and clear of all liens, encumbrances, security interests and
restrictions; or 
 (iii) if permitted by the Company in its sole discretion, by executing a “cashless
exercise” through the Company’s designated broker. 
 5. Income Tax Withholding. 
 In order to provide the Company with the opportunity to claim the benefit of any income tax deduction which may be available to it upon the
exercise of the Option, and

  

 -4- 

 
in order to comply with all applicable federal or state income tax laws or regulations, the Company may take such action as it deems appropriate to ensure that all applicable federal or state
income, withholding, social, payroll or other taxes, which are the sole and absolute responsibility of Participant, are withheld or collected from Participant. Participant may, at Participant’s election (the “Tax Election”), satisfy
applicable tax withholding obligations by (a) electing to have the Company withhold a portion of the Shares of Common Stock otherwise to be delivered upon exercise of the Option having a Fair Market Value equal to the amount of such taxes or
(b) delivering to the Company shares of Common Stock having a Fair Market Value equal to the amount of such taxes. The Tax Election must be made on or before the date that the amount of tax to be withheld is determined. 
 6. Adjustments. 
 In the event that the Committee shall determine that any dividend or other distribution (whether in the form of cash, shares, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger,
consolidation, split-up, spin-off, combination, repurchase or exchange of shares or other securities of the Company, issuance of warrants or other rights to purchase shares or other securities of the Company or other similar corporate transaction or
event affects the Shares covered by the Option such that an adjustment is determined by the Committee to be appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this
Agreement, then the Committee shall, in such manner as it may deem equitable, in its sole discretion, adjust any or all of the number and type of the Shares covered by the Option and the exercise price of the Option. 
 7. Securities Matters. 
 No Shares shall be issued hereunder prior to such time as counsel to the Company shall have determined that the issuance of the Shares will not violate any federal or state securities or other laws, rules
or regulations. The Company shall not be required to deliver any Shares until the requirements of any federal or state securities or other laws, rules or regulations (including the rules of any securities exchange) as may be determined by the
Company to be applicable are satisfied. 
 8. General Provisions. 
 (a) Interpretations. This Agreement is subject in all respects to the terms of the Plan. Terms used herein which are defined in the
Plan shall have the respective meanings given to such terms in the Plan, unless otherwise defined herein. In the event that any provision of this Agreement is inconsistent with the terms of the Plan, the terms of the Plan shall govern. Any question
of administration or interpretation arising under this Agreement shall be determined by the Committee, and such determination shall be final, conclusive and binding upon all parties in interest. 
  

 -5- 

 (b) No Rights as a Shareholder. Neither Participant nor Participant’s legal
representatives shall have any of the rights and privileges of a shareholder of the Company with respect to the Shares of Common Stock subject to the Option until such Shares shall have been issued upon exercise of the Option. 
 (c) No Right to Employment. Nothing in this Agreement or the Plan shall be construed as giving Participant the right to be retained
as an employee of the Company or any Affiliate. In addition, the Company or an Affiliate may at any time dismiss Participant from employment, free from any liability or any claim under this Agreement, unless otherwise expressly provided in this
Agreement. 
 (d) Option Not Transferable. The Option shall not be transferable other than (i) by will or by the
laws of descent and distribution, or (ii) by designating a beneficiary or beneficiaries (in a manner established by the Committee) to exercise the rights of the Participant and receive any property distributable with respect to any Option upon
the death of the Participant. During Participant’s lifetime the Option shall be exercisable only by Participant or, if permissible under applicable law, by Participant’s guardian or legal representative. The Option may not be pledged,
alienated, attached or otherwise encumbered, and any purported pledge, alienation, attachment or encumbrance of the Option shall be void and unenforceable against the Company. 
 (e) Reservation of Shares. The Company shall at all times during the term of the Option reserve and keep available such number of
shares of Common Stock as will be sufficient to satisfy the requirements of this Agreement. 
 (f) Headings. Headings are
given to the sections and subsections of this Agreement solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of this Agreement or any provision
hereof. 
  

 -6- 

 (g) Governing Law. The internal law, and not the law of conflicts, of the State of
Minnesota will govern all questions concerning the validity, construction and effect of this Agreement. 
 IN WITNESS WHEREOF,
the parties hereto have executed this Agreement to be effective as of the date first set forth above. 
  

			
	H.B. FULLER COMPANY
		
	By:	 	 
		 	Michele Volpi
		 	President and Chief Executive Officer

			
	
	 
	[employee]	 	

			
		
	Date:	 	 

  

 -7-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}]]