Document:

exv10w2

 

EXHIBIT 10.2

ESPP Plan Description — International

SYBASE, INC.

1991 AMENDED AND RESTATED

FOREIGN SUBSIDIARY EMPLOYEE STOCK PURCHASE PLAN

(As amended on October 25, 2006)

  1. Purpose

    This Amended and Restated Sybase, Inc. 1991 Foreign Subsidiary Employee Stock Purchase Plan
(the “Plan”) is designed to encourage and assist employees of designated subsidiaries of Sybase,
Inc. (“Sybase” or the “Company”) to acquire an equity interest in the Company through the purchase
of shares of Sybase common stock (the “Common Stock”).

  2. Administration

    The Plan shall be administered by the Board of Directors of Sybase or a committee (the
“Committee”) selected from time to time by the Board. Subject to the express provisions of the Plan
and to the overall supervision of the Board, the Committee may administer and interpret the Plan in
any manner it believes to be desirable, and any such interpretation shall be conclusive and binding
on the Company and all participants. If and to the extent that Rule 16b-3 of the Securities and
Exchange Commission (“Rule 16b-3”) becomes applicable to the Plan, the Board and the Committee
shall use their best efforts to cause the Plan to be administered in accordance therewith.

  3. Number of Shares

    (a) The Company has reserved for sale under the Plan 13,400,000 shares of Common Stock (after
giving effect to the November 1993 2-for-1stock split and including 1,600,000 shares approved at
the 2005 annual meeting) less any shares sold under the Sybase 1991 Amended and Restated Employee
Stock Purchase Plan. Shares sold under the Plan may be newly issued shares or shares reacquired in
private transactions or open market purchases, but all shares sold under the Plan, regardless of
source, shall be counted against the 13,400,000 share limitation.

    (b) In the event of any reorganization, recapitalization, stock split, reverse stock split,
stock dividend, combination of shares, merger, consolidation, offering of rights, or other similar
change in the capital structure of the Company, the Committee shall proportionately adjust the
number, kind and purchase price of the shares available for purchase under the Plan and the maximum
number of shares subject to any option under the Plan.

  4. Designation of Subsidiaries; Employee Eligibility Requirements

    (a) The Board may at any time designate one or more Subsidiaries as participating in the Plan.
The names of all Participating Subsidiaries shall be shown on Exhibit A to the Plan, which shall

 

 

be amended from time to time to reflect additions and deletions of Participating Subsidiaries;
failure to show a Participating Subsidiary on Exhibit A shall not, however, prevent otherwise
eligible employees of that Subsidiary from participating in the Plan. No Subsidiary participating
in the Company’s 1991 Employee Stock Purchase Plan may be designated for participating in the Plan.

    (b) Each employee of a Participating Subsidiary, except those described in the next paragraph,
shall become eligible to participate in the Plan in accordance with Section 5 on the first
Enrollment Date on or following commencement of his or her employment by the Participating
Subsidiary or following such period of employment as is designated by the Board from time to time.
Participating in the Plan is entirely voluntary.

    (c) Except to the extent otherwise determined by the Board or provided by the Plan, the
following employees are not eligible to participate in the Plan:

(i) employees who would, immediately upon enrollment in the Plan, own directly or
indirectly, or hold options or rights to acquire stock possessing, five percent or more of
the total combined voting power or value of all classes of stock of Sybase or any subsidiary
of Sybase;

(ii) employees who are categorized after August 31, 1999 as temporary employees or who are
customarily employed by the Participating Subsidiary less than 20 hours per week or less
than five months in any calendar year; and

(iii) employees who are prohibited by the laws of the nation of their residence or
employment from participating in the Plan.

Employees who are also directors or officers of the Company may participate only in
accordance with Rule 16b-3 of the Securities and Exchange Commission.

    (d) “Employee” shall mean any individual who is an employee of a Participating Subsidiary
within the meaning of Section 3401(c) of the Internal Revenue Code of 1986, as amended (the “Code”)
and the Treasury Regulations thereunder. “Subsidiary” shall mean any corporation described in
Section 425(e) or (f) of the Code. “Participating Subsidiary” shall mean a subsidiary which has
been designated by the Committee as covered by the Plan.

  5. Enrollment

  Any eligible employee may enroll or re-enroll in the Plan each year as of the first trading
day of (i) March 2005, for the first Enrollment Date following approval of this Amended and
Restated Plan by the Board of Directors, and November 2005 and May 2006 for the second and third
Enrollment Dates following Board of Directors approval of this Amended and Restated Plan and (ii)
each yearly anniversary of such months (e.g. any May and November), or such other days as may be
established by the Board from time to time (the “Enrollment Dates”). In addition, for purposes of
participating in the Plan by an eligible employee following termination of such employee’s
participation in the Sybase 1991 Amended and Restated Employee Stock Purchase

 

 

Plan (the “U.S. Plan”) a deemed Enrollment Date may be designated corresponding to the employee’s
most recent Enrollment Date under the U.S. Plan. In order to enroll, an eligible employee must
complete, sign, and submit to the Company or the Participating Subsidiary an enrollment form. Any
enrollment form received by the Participating Subsidiary or the Company by the 15th day of the
month preceding an Enrollment Date (or by the Enrollment Date in the case of employees hired after
such 15th day), or such other date established by the Committee from time to time, will be
effective on that Enrollment Date. For purposes of the Plan, a “trading day” is any day on which
regular trading occurs on any established stock exchange or market system on which the Common Stock
is traded.

  6. Grant of Option on Enrollment

    (a) Enrollment or re-enrollment by a participant in the Plan on an Enrollment Date will
constitute the grant by the Company to the participant of an option to purchase shares of Common
Stock from the Company under the Plan. Any participant whose option expires and who has not
withdrawn from the Plan will automatically be re-enrolled in the Plan and granted a new option on
the Enrollment Date immediately following the date on which the option expires.

    (b) Except as provided in Section 9 or Section 11, each option granted under the Plan shall
have the following terms unless otherwise determined by the Board:

(i) each option granted under the Plan will have a term of not more than 24 months or such
shorter option period as may be established by the Board from time to time; notwithstanding
the foregoing, however, whether or not all shares have been purchased thereunder, the option
will expire on the earlier to occur of (A) the completion of the purchase of shares on the
last Purchase Date occurring within 24 months after the Enrollment Date for such option, or
such shorter option period as may be established by the Board before an Enrollment Date for
all options to be granted on such date or (B) the date on which the employee’s participation
in the Plan terminates for any reason;

(ii) payment for shares purchased under the option will be made only through payroll
withholding in accordance with Section 7;

(iii) purchase of shares upon exercise of the option will be effected only on the Purchase
Dates established in accordance with Section 8;

(iv) the price per share under the option will be determined as provided in Section 8;

(v) the number of shares available for purchase under an option will, unless otherwise
established by the Board before an enrollment Date for all options to be granted on such
date, be determined by dividing $25,000 by the fair market value of a share of Common Stock
on the Enrollment Date and by multiplying the result by the number of calendar years
included in whole or in part in the period from grant to expiration of the option;

(vi) the option (taken together with all other options then outstanding under this and all
other similar stock purchase plans of Sybase and any subsidiary of Sybase, collectively

 

 

“Options”) will in no event give the participant the right to purchase shares at a rate per
calendar year which accrues in excess of $25,000 of fair market value of such shares, less
the fair market value of any shares accrued and already purchased during such year under
Options which have expired or terminated, determined at the applicable Enrollment Dates; and

(vii) the option will in all respects be subject to the terms and conditions of the Plan, as
interpreted by the Committee from time to time.

  7. Payroll and Tax Withholding; Use by Participating Subsidiary and the Company

    (a) Each participant shall elect to have amounts withheld from his or her compensation and
paid to the Company during the option period, at a rate equal to any whole percentage up to a
maximum of 10 percent, or such lesser percentage as the Board may establish from time to time
before an Enrollment Date. Compensation includes regular salary payments, annual and quarterly
performance bonuses, hire-on bonuses, cash recognition awards, commissions, overtime pay, shift
premiums, and elective contributions by the participant to qualified employee benefit plans, but
excludes all other payments including, without limitation, long-term disability or workers
compensation payments, car allowances, employee referral bonuses, relocation payments, expense
reimbursements (including but not limited to travel, entertainment, and moving expenses), salary
gross-up payments, and non-cash recognition awards. The participant shall designate a rate of
withholding in his or her enrollment form and may elect to increase or decrease the rate of
contribution effective as of any Enrollment Date, by delivery to the Participating Subsidiary, not
later than 15 days before such Enrollment Date, of a written notice indicating the revised
withholding rate.

    (b) Payroll withholdings shall be credited to an account maintained for purposes of the Plan
on behalf of each participant in local currency, as soon as administratively feasible after the
withholding occurs. The Participating Subsidiary and the Company shall be entitled to use the
withholdings for any corporate purpose, shall have no obligation to pay interest on withholdings to
any participant, and shall not be obligated to segregate withholdings.

    (c) Upon disposition of shares acquired by exercise of an option, the participant shall pay,
or make provision adequate to the Company and the Participating Subsidiary for payment of, all
federal, state, and other tax (and similar) withholdings that the Company or the Participating
Subsidiary determines, in its discretion, are required due to the disposition, including any such
withholding that the Company or the Participating Subsidiary determines, in its discretion, is
necessary to allow the Company or the Participating Subsidiary to claim tax deductions or other
benefits in connection with the disposition. A participant shall make such similar provisions for
payment that the Company or the Participating Subsidiary determines, in its discretion, are
required due to the exercise of an option, including such provisions as are necessary to allow the
Company or the Participating Subsidiary to claim tax deductions or other benefits in connection
with the exercise of the option.

 

 

  8. Purchase of Shares

    (a) On the last trading day of each month immediately preceding a month containing an
Enrollment Date, or on such other days as may be established by the Board from time to time, prior
to an Enrollment Date for all options to be granted on an Enrollment Date (each a “Purchase Date”),
the Company shall convert each participant’s account balance, including amounts carried forward
pursuant to Section 8(b) below, to U.S. Dollars determined as of such Purchase Date (or applying
such formula as may be established by the Administrator) and shall apply the funds then credited to
each participant’s payroll withholdings account to the purchase of whole shares of Common Stock.
The cost to the participant for the shares purchased under any option shall be 95 percent of the
fair market value of the Common Stock on that Purchase Date.

    The “fair market value” of the Common Stock on a date shall be the closing price of the Common
Stock on such date on any established stock exchange or market system if the Common Stock is traded
on such an exchange or market system (and the largest such exchange or market system if the Common
Stock is traded on more than one), if the Common Stock is not so traded then the mean between the
bid and asked prices for Common Stock on such date as quoted on the NYSE or reported in The Wall
Street Journal or similar publication if such prices are so quoted or reported, or the fair market
value on such date as determined by the Committee if shares of Common Stock are not so traded,
quoted, or reported.

    (b) Any funds in an amount less than the cost of one share of Common Stock left in a
participant’s payroll withholdings account on a Purchase Date shall be carried forward in such
account for application on the next Purchase Date, and any additional amount shall be distributed
to the participant.

    (c) If at any Purchase Date, the shares available under the Plan are less than the number all
participants would otherwise be entitled to purchase on such date, purchases shall be reduced
proportionately to eliminate the deficit. Any funds that cannot be applied to the purchase of
shares due to such a reduction shall be refunded to participants as soon as administratively
feasible.

  9. Grant of Additional Options

    In addition to the options which may be granted under Section 6 of this Plan, the Committee,
in its sole discretion, may grant, to each employee of a Participating Subsidiary satisfying the
eligibility requirements of Section 4, additional options, for a term not to exceed 27 months and
for an identical number of shares. The options granted hereunder shall be subject to the
limitations of Section 6(b)(v) and 6(b)(vi); provided, however, that immediately before the grant
of such additional options, the limitations imposed thereby upon each recipient’s Options subject
to payroll withholdings shall be adjusted to the minimum extent necessary to permit the grant. The
option price shall not be less than 95% of the fair market value on the date of exercise. The
option will be subject to such additional terms and conditions, not inconsistent with the terms of
the Plan as interpreted by the Committee, as may be established from time to time by the Board.

 

 

  10. Withdrawal from the Plan

    A participant may withdraw from the Plan in full (but not in part) at any time, effective
after written notice thereof is received by the Company if written notice is received by the
Company at least 15 days prior to the next Purchase Date, all funds credited to a participant’s
payroll withholdings account shall be distributed to him or her without interest within 60 days
after notice of withdrawal is received by the Company. If written notice is received by the Company
within 15 days of the next Purchase Date, all funds credited to a participant’s payroll
withholdings account shall be applied to the purchase of whole shares of Common Stock at the next
Purchase Date and any funds remaining after such purchase shall be paid to the participant. Any
eligible employee who has withdrawn from the Plan may enroll in the Plan again on any subsequent
Enrollment Date in accordance with the provisions of Section 5.

  11. Termination of Employment

    (a) Except as provided in Section 11(b) below, participation in the Plan terminates
immediately when a participant ceases to be employed by a Participating Subsidiary for any reason
whatsoever (including death or disability) or otherwise becomes ineligible to participate in the
Plan. Transfer of a participant’s employment from one Participating Subsidiary to another without
material interruption shall not be deemed a termination of employment for purposes of this Section
11. As soon as administratively feasible after termination, the Company shall pay to the
participant or his or her beneficiary or legal representative, all amounts credited to the
participant’s payroll withholdings account.

    (b) Following transfer of a participant’s employment without material interruption from a
Participating Subsidiary to the Company or any subsidiary of the Company other than a participating
Subsidiary, any outstanding option granted to such participant under the Plan shall not terminate
until the occurrence of the earliest of: (i) the last Purchase Date included in the term of such
option; (ii) enrollment of the participant in the U.S. Plan; or (iii) any event or change of
condition or status (other than the transfer described in this Section 11(b)) that would have
caused the option to terminate if the transfer of employment described in this Section 11(b) had
not occurred. While an option remains outstanding pursuant to this Section 11(b), the Company or
other subsidiary to which the participant is transferred shall, in accordance with Section 7,
effect payroll withholdings under the option and shall remit them to the Company or the
Participating Subsidiary that employed the participant at the time of the transfer; such
withholdings shall be credited to the Participant’s payroll withholdings account at the time
withheld by the Company or other subsidiary and in the currency of the Company or subsidiary by
which the participant is employed at the time of the withholdings.

  12. Designation of Beneficiary

    (a) Each participant may designate one or more beneficiaries in the event of death and may, in
his or her sole discretion, change such designation at any time. Any such designation shall be
effective upon receipt in written form by the Company or the Participating Subsidiary and shall
control over any disposition by will or otherwise.

 

 

    (b) As soon as administratively feasible after the death of a participant, amounts credited to
his or her account shall be paid in cash to the designated beneficiaries or, in the absence of a
designation, to the executor, administrator, or other legal representative of the participant’s
estate. Such payment shall relieve the Participating Subsidiary of further liability with respect
to the Plan on account of the deceased participant. If more than one beneficiary is designated,
each beneficiary shall receive an equal portion of the account unless the participant has given
express contrary written instructions.

  13. Assignment

    (a) The rights of a participant under the Plan shall not be assignable by such participant, by
operation of law or otherwise. No participant may create a lien on any funds, securities, rights,
or other property held by the Company or the Participating Subsidiary for the account of the
participant under the Plan, except to the extent that there has been a designation of beneficiaries
in accordance with the Plan, and except to the extent permitted by the laws of descent and
distribution if beneficiaries have not been designated.

    (b) A participant’s right to purchase shares under the Plan shall be exercisable only during
the participant’s lifetime and only by him or her, except that a participant may direct the Company
in the enrollment form to issue share certificates to the participant and his or her spouse in
community property, to the participant jointly with one or more other persons with right of
survivorship, or to certain forms of trusts approved by the Committee.

  14. Administrative Assistance

    If the Committee in its discretion so elects, it may retain a brokerage firm, bank, or other
financial institution to assist in the purchase of shares, delivery of reports, or other
administrative aspects of the Plan. If the Committee so elects, each participant shall (unless
prohibited by the laws of the nation of his or her employment or residence) be deemed upon
enrollment in the Plan to have authorized the establishment of an account on his or her behalf at
such institution. Shares purchased by a participant under the Plan shall be held in the account in
the name in which the share certificate would otherwise be issued pursuant to Section 13(b).

  15. Costs

    All costs and expenses incurred in administering the Plan shall be paid by the Company, except
that any stamp duties or transfer taxes applicable to participation in the Plan may be charged to
the account of such participant by the Company. Any brokerage fees for the purchase of shares by a
participant shall be paid by the Company, but brokerage fees for the resale of shares by a
participant shall be borne by the participant.

  16. Equivalent Rights and Privileges

    It is intended that all eligible employees shall have substantially equivalent rights and
privileges with respect to the Plan; notwithstanding any other provision of the Plan, however, the
Committee may make such changes in the terms of eligibility and participation from Subsidiary

 

 

to Subsidiary that it determines, in its discretion, to be necessary or desirable to reflect or
comply with local laws or conditions.

  17. Applicable Law

  The Plan shall be governed by the substantive laws (excluding the conflict of laws rules) of
the State of California.

  18. Modification and Termination

    (a) The Board may amend, alter, or terminate the Plan at any time, including amendments to
outstanding options. To the extent required for the Plan to comply with Rule 16b-3 or applicable
tax laws or regulations, no amendment shall be effective unless within 12 months after it is
adopted by the Board, it is approved by the holders of a majority of the votes cast at a duly held
shareholders’ meeting at which a quorum of the voting power of the Company is represented in person
or by proxy, if such amendment would:

	 	(i)	 	increase the number of shares reserved for purchase under the Plan;
	 
	 	(ii)	 	increase the benefits accruing to participants under the Plan; or
	 
	 	(iii)	 	modify the requirements as to eligibility for participation in the Plan.

    (b) In the event the Plan is terminated, the Board may elect to terminate all outstanding
options either immediately or upon completion of the purchase of shares on the next Purchase Date,
or may elect to permit options to expire in accordance with their terms (and participation to
continue through such expiration dates). If the options are terminated prior to expiration, all
funds contributed to the Plan that have not been used to purchase shares shall be returned to the
participants as soon as administratively feasible.

    (c) In the event of the sale of all or substantially all of the assets of Sybase or a
Participating Subsidiary, or the merger of Sybase or a Participating Subsidiary with or into
another corporation, or the dissolution or liquidation of Sybase, a Purchase Date shall occur on
the trading day immediately preceding the date of such event, unless otherwise provided by the
Board in its sole discretion, including provision for the assumption or substitution of each option
under the Plan by the successor or surviving corporation, or a parent or subsidiary thereof.

  19. Rights as an Employee

  Nothing in the Plan shall be construed to give any person the right to remain in the employ of
the Participating Subsidiary or to affect the Participating Subsidiary’s right to terminate the
employment of any person at any time with or without cause.

 

 

  20. Rights as a Shareholder; Delivery of Certificates

    Unless otherwise determined by the Board, certificates evidencing shares purchased on any
Purchase Date shall be delivered to participants as soon as administratively feasible. Participants
shall be treated as the owners of their shares effective as of the Purchase Date.

  21. Board and Shareholder Approval

    The Plan was approved by the Board of Directors on April 30, 1991, and by the holders of a
majority of the votes cast at a duly held shareholders’ meeting on June 13, 1991, at which a quorum
of the voting power of the Company was represented in person or by proxy. As amended and restated
to adopt amendments not requiring shareholder approval, the Plan was approved by the Board of
Directors on July 30, 1991 and on October 25, 2006. The Plan was amended by the Board of Directors
on January 28, 1993, January 27, 1994, January 24, 1995, January 21, 1997, March 13, 1998, March
26, 1999, February 2, 2000 and February 2, 2005, and such amendments were approved by the holders
of a majority of the votes cast at a duly held stockholders meeting on May 18, 1993, May 24, 1994,
May 23, 1995, May 20, 1997, May 27, 1998, May 27, 1999, May 25, 2000 and May 26, 2005.

SYBASE, INC.

	 	 	 
	By:

	 	DANIEL R. CARL
	Its:

	 	Vice President, General
	 

	 	Counsel and Secretary
	Date:

	 	October 25, 2006

 

 

EXHIBIT Aexv10w66

 

Exhibit 10.66

BUSINESS OBJECTS S.A.

2001 STOCK INCENTIVE PLAN — SUBSIDIARY STOCK INCENTIVE SUB-PLAN

RESTRICTED STOCK AWARD AGREEMENT

Subsidiary Beneficiary:

Subsidiary:

     1. Grant. Subsidiary Beneficiary has been granted an award of Restricted Stock Units
(“RSUs”), as set forth in the Notice of Grant of Restricted Stock Units (the “Notice of Grant”) of
this Restricted Stock Award Agreement (the “Agreement”) and subject to the terms and conditions in
this Agreement and the Subsidiary Stock Incentive Sub-Plan (the “Sub-Plan”) to the 2001 Stock
Incentive Plan (the “Parent Plan”). Unless otherwise defined herein, capitalized terms shall have
the meanings ascribed to them in the Parent Plan and the Sub-Plan, as applicable.

     2. Company’s Obligation. Each RSU represents the right to receive one Company ADS on
the vesting date. Unless and until the RSUs vest, the Subsidiary Beneficiary will have no right to
receive ADSs under such RSUs. Prior to actual distribution of ADSs pursuant to any vested RSUs,
such RSUs will represent an unsecured obligation of the Trust, payable (if at all) only from the
general assets of the Trust.

     3. Vesting Schedule. Subject to the signature by the Subsidiary Beneficiary of this
Agreement within 90 calendar days from receipt by the Subsidiary Beneficiary of notification from
the Subsidiary Human Resources manager of this Agreement and subject to paragraph 4 of this
Agreement, the RSUs hereby awarded will vest for the benefit of the Subsidiary Beneficiary
according to the vesting conditions specified in the Notice of Grant.

     4. Forfeiture upon Termination as Service Provider. Notwithstanding any contrary
provision of this Agreement, if the Subsidiary Beneficiary terminates his or her Continuous Status
as a Beneficiary for any or no reason prior to vesting, the unvested RSUs awarded by this Agreement
will thereupon be forfeited at no cost to the Trust.

     5. Payment Upon Vesting. Any RSUs that vest in accordance with paragraph 3 of this
Agreement will be delivered to the Subsidiary Beneficiary (or in the event of the Subsidiary
Beneficiary’s death, to his or her estate) in ADSs.

     6. Tax Withholding. Notwithstanding any contrary provision of this Agreement, no ADSs
shall be distributed to the Subsidiary Beneficiary unless and until satisfactory arrangements (as
determined by the Trustee) will have been made by the Trustee with respect to the payment of
income, employment and any other taxes which the Trustee determines must be withheld with respect
to such ADSs. The Trustee, in its sole discretion and pursuant to such procedures as it

 

 

may
specify from time to time, may permit the Subsidiary Beneficiary to satisfy such tax withholding
obligation, in whole or in part by one or more of the following: (a) paying cash, (b) electing to
have the Trustee withhold otherwise deliverable ADSs having a value equal to the minimum
amount statutorily required to be withheld, (c) delivering to the Trustee already vested and owned
ADSs having a value equal to the amount required to be withheld, or (d) selling a sufficient number
of such ADSs otherwise deliverable to the Subsidiary Beneficiary through such means as the Trustee
may determine in its sole discretion (whether through a broker or otherwise) equal to the amount
required to be withheld. If the Subsidiary Beneficiary fails to make satisfactory arrangements for
the payment of any required tax withholding obligations hereunder at the time any applicable ADSs
otherwise are scheduled to vest pursuant to Section 3, the Subsidiary Beneficiary will permanently
forfeit such ADSs and the ADSs will be returned to the Trust at no cost.

     7. Payments after Death. Any distribution or delivery to be made to the Subsidiary
Beneficiary under this Agreement will, if the Subsidiary Beneficiary is then deceased, be made to
the administrator or executor of the Employee’s estate. Any such administrator or executor must
furnish the Trustee with (a) written notice of his or her status as transferee, and (b) evidence
satisfactory to the Trustee to establish the validity of the transfer and compliance with any laws
or regulations pertaining to said transfer.

     8. Rights as Shareholder. Neither the Subsidiary Beneficiary nor any person claiming
under or through the Subsidiary Beneficiary will have any of the rights or privileges of a
shareholder of the Company in respect of any ADSs deliverable hereunder unless and until
certificates representing such ADSs will have been delivered to the Subsidiary Beneficiary or
Subsidiary Beneficiary’s broker.

     9. Address for Notices. Any notice to be given to the Trustee under the terms of this
Agreement will be addressed to the Trustee at Allecon Stock Associates, 25900 West Eleven Mile,
Suite 140, Southfield, MI 48034, USA, or at such other address as the Trustee may hereafter
designate in writing or electronically.

     10. Grant is Not Transferable. Except to the limited extent provided in paragraph 7,
this grant and the rights and privileges conferred hereby will not be transferred, assigned,
pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be
subject to sale under execution, attachment or similar process. Upon any attempt to transfer,
assign, pledge, hypothecate 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.

     11. 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.

2

 

     12. Additional Conditions to Issuance of Stock. If at any time the Trustee will
determine, in its discretion, that the listing, registration or qualification of the ADSs upon any
securities exchange or under any state or federal law, or the consent or approval of any
governmental regulatory authority is necessary or desirable as a condition to the issuance of ADSs
to the Subsidiary Beneficiary (or his or her estate), such issuance will not occur unless and
until such listing, registration, qualification, consent or approval will have been effected or
obtained free of any conditions not acceptable to the Trustee.

     13. Sub-Plan Governs. This Agreement is subject to all terms and provisions of the
Sub-Plan. In the event of a conflict between one or more provisions of this Agreement and the
Sub-Plan, the provisions of the Sub-Plan will prevail.

     14. Subsidiary Administrator Authority. The Subsidiary Administrator will have the
power to interpret the Sub-Plan and this Agreement and to adopt such rules for the administration,
interpretation and application of the Sub-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 RSUs
have vested). All actions taken and all interpretations and determinations made by the Subsidiary
Administrator in good faith will be final and binding upon Subsidiary Beneficiary, the Trustee, the
Subsidiary and all other interested persons. No member of the Subsidiary Administrator will be
personally liable for any action, determination or interpretation made in good faith with respect
to the Sub-Plan or this Agreement.

3

 

BUSINESS OBJECTS S.A.

2001 STOCK INCENTIVE PLAN

SUBSIDIARY STOCK INCENTIVE SUB-PLAN

RESTRICTED STOCK AWARD AGREEMENT

NOTICE OF GRANT OF RESTRICTED STOCK UNITS

Date of receipt of this Agreement:

Name of Subsidiary Beneficiary:

Subsidiary:

     You have been granted a number of RSUs set forth below. Each such RSU is equivalent to one
ADS of the Company. None of the RSUs will be issued (nor will you have the rights of a shareholder
with respect to the underlying shares) until the vesting conditions described below are satisfied.
Additional terms of this grant are as follows:

Grant number:

Date of Grant

Number of RSU

Expiration Date:

Vesting conditions:

     The vesting schedule and conditions of RSUs granted to the Subsidiary Beneficiary could be
accelerated and/or amended in compliance with the terms and conditions of the eventual change in
control settlement agreements signed by the Subsidiary Beneficiary.

     By your signature, you agree that these RSUs are granted under and governed by the terms and
conditions of the Sub- Plan and this Agreement. Moreover, by signing this Agreement you
acknowledge receipt of the rules of the Sub-Plan and of this Agreement, you represent that you have
reviewed the Sub-Plan and this Agreement in their entirety, had the opportunity to obtain the
advice of counsel prior to executing this Agreement and fully understand all provisions of the
Sub-Plan and this Agreement. You hereby agree to accept as binding, conclusive and final all
decisions or interpretations of the Subsidiary Administrator upon any questions relating to the
Sub-Plan and Agreement. You further agree to notify the Trustee upon any change in the residence
address indicated above. You acknowledge and agree that these RSUs and the associated vesting
conditions do not constitute an express or implied promise of continued employment and shall not
interfere in any way with your right or the Subsidiary’s right to terminate your employment at any
time. Further, the benefits, if any, arising from your RSUs, shall not form any part of your
wages, pay or remuneration or count as wages, pay or

 

 

remuneration for pension fund or other
purposes.
In no circumstances shall you, on ceasing to hold your office or employment, be entitled to any
compensation for any loss of any right or benefit or prospective right or benefit under the
Sub-Plan, which you might otherwise have enjoyed, whether such compensation is claimed by way of
damages for wrongful dismissal or other breach of contract or by way of compensation for loss of
office or otherwise.

     The Sub-Plan is incorporated herein by reference. The Sub-Plan and this Agreement constitute
the entire agreement of the parties with respect to the subject matter hereof and supersede in
their entirety all prior undertakings and agreements with respect to the subject matter hereof, and
August not be modified adversely to your interest except by means of a writing signed by you and
the Trustee.

	 	 	 
	SUBSIDIARY BENEFICIARY:

	 	SUB-PLAN TRUST:
	 
	 	 
	 

Signature
	 	 
	 
	 	 
	 

Print Name

	 	 

James McBride, Trustee

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