Document:

Employment Agreement

 Exhibit 10.1 

 
 

 
 May 16, 2012 
 Mr. Joseph C. Henry 
 c/o AXIS Capital Holdings Limited 

92 Pitts Bay Road 
 Pembroke HM08, Bermuda

 Dear Joseph: 
 We
are delighted that you have decided to join AXIS Specialty U.S. Services, Inc., a Delaware corporation (the “Company”) and wholly owned, indirect subsidiary of AXIS Capital Holdings Limited, a Bermuda company (the
“Parent”). We thought it would be useful to lay out the terms and conditions of our agreement in this letter agreement (this “Agreement”). 

 

	1)	Employment 

  

	 	a)	Position and Duties. Commencing on June 18th, 2012 the Company shall employ you in the position of Chief Financial Officer of the Parent or in such other
position as is mutually agreeable to you and the Company. You will report directly and exclusively to the Chief Executive Officer and President, or his designee, of the Parent and its direct and indirect subsidiaries (collectively, the “Parent
Group”). You will be expected to devote your full business time and energy, attention, skills and ability to the performance of your duties and responsibilities to the Parent Group on an exclusive basis, including service to subsidiaries and
affiliates of the Parent, on a basis consistent with your position with the Parent, as requested by the Chief Executive Officer and President and the Board of Directors of the Parent (the “Board”), and shall faithfully and
diligently endeavor to promote the business and best interests of the Company and its subsidiaries and affiliates. Anything herein to the contrary notwithstanding, nothing shall preclude you from (i) upon the written approval of the
Parent’s Board, serving on the board of directors of another corporation or a trade association; (ii) serving on the board of charitable organizations, (iii) engaging in charitable, community and other business affairs, and
(iv) managing your personal investments and affairs; provided such activities do not, in the reasonable judgment of the Company, materially interfere with the proper performance of your responsibilities and duties hereunder.

  

	 	b)	Place of Performance. In connection with your employment during the Employment Term (as defined in Section 3(a)), you shall be based primarily at the
Company’s offices in New York, NY except for necessary travel on Company business. 

  

	2)	Compensation and Benefits 

  

	 	a)	During the Employment Term, your annual base salary shall be no less than $550,000 (the base salary as may be increased from time to time referred to as “Base
Salary”) and shall be paid pursuant to the Company’s customary payroll practices. 

 11680 Great Oaks
Way, Suite 500, Alpharetta, GA 30022 
 678-746-9000
Phone            678-746-9317 Fax 

	 	b)	In addition to the Base Salary, in each fiscal year of the Parent ending during the Employment Term, you will be eligible to earn an annual cash bonus (“Annual
Bonus”). Your target Annual Bonus is 100% of your then current Base Salary if the Parent achieves certain performance objectives and subject to your individual performance pursuant to the Parent’s annual bonus plan. Except as provided
in Section 4 below, the Annual Bonus for each period will be paid only if you are actively employed with the Company on the date of disbursement. Any Annual Bonus payable hereunder shall be paid in the calendar year following the applicable
fiscal year of the Parent, after it has been determined by the Compensation Committee of the Parent. 

  

	 	c)	Within 30 days following the commencement of the Employment Term, Parent shall grant you an award of 15,000 restricted shares of the Common Stock of Parent pursuant to
the 2007 Long-Term Equity Compensation Plan as it may be amended from time to time subject to an award agreement in customary form as used by the Parent. 

  

	 	d)	You will be eligible to participate in the Parent’s 2007 Long-Term Equity Compensation Plan as it may be amended from time to time (or a successor plan) with an
initial annual target of 30,000 Restricted Shares, subject to an award agreement in such form as the Compensation Committee of the Parent may determine from time to time. 

 

	 	e)	During the Employment Term, you will be eligible to participate in or receive benefits under any 401(k) savings plan, medical and dental benefits plan, life insurance
plan, short-term and long-term disability plans, supplemental and/or incentive compensation plans, or any other employee benefit or fringe benefit plan, generally made available by the Parent to senior executives in accordance with the eligibility
requirements of such plans and subject to the terms and conditions set forth in this Agreement. Notwithstanding the foregoing, you shall not be eligible to participate in any nonqualified deferred compensation plans sponsored by the Company in order
to prevent the application of Section 457A of the Internal Revenue Code of 1986, as amended (the “Code”) to any compensation earned by you. 

  

	 	f)	During the Employment Term, you will be entitled to 25 days of paid vacation per calendar year (prorated for any partial years of employment), subject to the applicable
vacation policies and procedures on usage and carry over. 

  

	 	g)	 During the Employment Term, the Company will reimburse you for all reasonable business expenses incurred by you in the course of performing your duties
under this Agreement which are consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company’s requirements with respect to reporting and
documentation of expenses. Reimbursements will be paid promptly after submission and review of appropriate documentation, but in any event no later than
2 1/2 months after the end of the calendar year in
which the expense was incurred. 

  

	3)	Term of Employment 

  

	 	a)	The employment period shall commence on June 18th, 2012, and shall terminate on December 31, 2014 (the “Employment Term”), unless earlier
terminated as provided in this Section 3. Your employment hereunder may be terminated by the Company or by you, as applicable, without any breach of this Agreement under the following circumstances: 

 

	 	(i)	Death. Your employment shall automatically terminate upon your death. 

  
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	 	(ii)	Disability. The Company shall be entitled to terminate your employment if, as a result of your incapacity due to physical or mental illness or injury, you shall
have been unable to perform your duties hereunder for a period of 181 days in any twelve-month period (your “Disability”). 

  

	 	(iii)	Cause. The Company may terminate your employment at any time for Cause which, for purposes of this Agreement, shall mean (i) any act or omission which
constitutes a material breach by you of the terms of this Agreement, the employment policies of the Parent Group, or applicable law governing the Parent Group or your employment, (ii) the conviction of a felony or commission of any act which
would rise to the level of a felony, (iii) the conviction (or commission of any act which would rise to the level of) a lesser crime or offense that adversely impacts or potentially could impact upon the business or reputation of the Parent
Group in a material way, (iv) your willful violation of specific lawful and material directives of the Parent that are not contrary to this Agreement, (v) commission of a dishonest or wrongful act involving fraud, misrepresentation or
moral turpitude causing damage or potential damage to the Company, its parent and/or affiliates and subsidiaries, (vi) the willful failure to perform a substantial part of your substantial job functions after written notice from the Board
requesting such performance, or (vii) breach of fiduciary duty. 

  

	 	(iv)	Without Cause. The Company may terminate your employment at any time without Cause; provided, however, that the Company provides you with notice of its
intent to terminate at least thirty (30) days in advance of the date of termination. 

  

	 	(v)	Voluntary Resignation. You may voluntarily terminate your employment hereunder; provided, however, that in the event you are not terminating for Good
Reason pursuant to subparagraphs (vi) and (vii) below, you provide the Company with notice of your intent to terminate at least twelve (12) months in advance of the date of termination. 

 

	 	(vi)	Good Reason. You may terminate your employment for Good Reason if (i) (A) the scope of your position, authority or duties is materially adversely
changed (except for changes during a Notice Period as authorized under Section 3(c) below), (B) your compensation under this Agreement is not paid or your Base Salary or your Target Bonus is reduced below the levels specified in Sections
2(a) and (b) or there is a material adverse change in your employee benefits (excluding changes in any benefits plan where such changes apply generally to participants in the plan), (C) you are notified by the Company that you are required
to relocate to a place more than 50 miles from your place of employment in New York, NY, other than a relocation to the Company’s office in Bermuda, (D) you are assigned duties that are materially inconsistent with your position with the
Company/Parent, (E) you are required to report to anyone other than the Parent’s Chief Executive Officer or his designee or the Board; (ii) you give the Company written notice of your intent to terminate your employment as a result of
such event and provide the specific reasons therefore within thirty (30) days of such event occurring; (iii) the Company does not make the necessary corrections within thirty (30) days of receipt of your written notice; and
(iv) you terminate employment no later than ten (10) days following the end of such thirty (30) day period. 

  
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	 	(vii)	Good Reason following a Change in Control. You may terminate your employment for Good Reason if (i) during the twenty-four (24) month period
immediately following a Change in Control (A) the scope of your position, authority or duties is materially adversely changed (except for changes during a Notice Period as authorized under Section 3 (c) below), (B) your
compensation under this Agreement is not paid or your Base Salary or your Target Bonus is reduced below the levels specified in Sections 2(a) and (b) or there is a material adverse change in your employee benefits (excluding changes in any
benefits plan where such changes apply generally to participants in the plan), (C) ) you are notified by the Company that you are required to relocate to a place more than 50 miles from your current place of employment in New York, NY, other
than a relocation to the Company’s office in Bermuda, (D) you are assigned duties that are materially inconsistent with your position with the Company/Parent, (E) you are required to report to anyone other than the Parent’s Chief
Executive Officer or his designee or the Board, or (F) in the event that any other person or entity acquires all or substantially all of the Parent Group’s business, the Company fails to obtain the assumption of this Agreement by the
successor; (ii) you give the Company written notice of your intent to terminate your employment as a result of such event and provide the specific reasons therefore within thirty (30) days of your knowledge of such event occurring;
(iii) the Company does not make the necessary corrections within thirty (30) days of receipt of your written notice; and (iv) you terminate employment no later than ten (10) days following the end of such thirty (30) day
period. For purposes of this Agreement, the “Change in Control” will be deemed to have occurred as of the first day any of the following events occur: 

 

	 	1.	Any person or entity is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the U.S. Securities Exchange Act of 1934, as amended), directly or
indirectly, of securities of the Parent representing 50% or more of the combined voting power of the Parent’s then outstanding voting securities entitled to vote generally in the election of directors (the “Outstanding Parent Voting
Securities”); provided, however, that for purposes of this Section 3(a)(vii)(1), the following acquisitions shall not constitute a Change in Control: (A) any acquisition directly from the Parent, (B) any acquisition by
the Parent, (C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Parent or any affiliate of the Parent or (D) any acquisition by any entity pursuant to a transaction which complies with clauses
(A), (B) and (C) of Section 3(a)(vii)(3) hereof; 

  

	 	2.	 Individuals who, as of the date of this Agreement, constitute the Board (hereinafter referred to as the “Incumbent Board”) cease for
any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Parent’s stockholders, was approved by
a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered a member of the Incumbent Board, excluding any individual whose 

  
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initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of
proxies or consents by or on behalf of a person or entity other than the Board; 

  

	 	3.	Consummation of a reorganization, merger, share exchange, amalgamation, recapitalization, consolidation or similar transaction by and among the Parent and another
person or entity, including, for this purpose, a transaction as a result of which another person or entity owns the Parent or all or substantially all of the Parent’s assets, either directly or through one or more subsidiaries (a
“Business Combination”), in each case, unless, following such Business Combination, (A) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Parent Voting
Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors (or
equivalent management personnel) of the entity resulting from such Business Combination or that, as a result of such Business Combination, owns the Parent or all or substantially all of the Parent’s assets, either directly or through one or
more subsidiaries, in substantially the same proportions as their ownership of the Outstanding Parent Voting Securities immediately prior to such Business Combination; (B) no person or entity (excluding any entity resulting from such Business
Combination, or that, as a result of such Business Combination, owns the Parent or all or substantially all of the Parent’s assets, either directly or through one or more subsidiaries, or any employee benefit plan (or related trust) of the
foregoing) beneficially owns, directly or indirectly, 50% or more of the then outstanding shares of common stock or the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors (or
equivalent management personnel) of the entity resulting from such Business Combination or that, as a result of such Business Combination, owns the Parent or all or substantially all of the Parent’s assets, either directly or through one or
more subsidiaries, except to the extent that such ownership existed with respect to the Parent prior to the Business Combination; and (C) at least a majority of the members of the board of directors (or equivalent management personnel) of the
entity resulting from such Business Combination or that, as a result of such Business Combination, owns the Parent or all or substantially all of the Parent’s assets, either directly or through one or more subsidiaries, were members of the
Incumbent Board at the time of the execution of the initial agreement, or of the action of the Board, pursuant to which such Business Combination is effected or approved; or 

 

	 	4.	Approval by the shareholders of the Parent of a complete liquidation or dissolution of the Parent or the sale or other disposition of all or substantially all of the
Parent’s assets. 

  

	 	b)	Any termination of your employment by the Company or by you under this Section 3 (other than termination pursuant to Section 3(a)(i)) shall be communicated by
a written notice to the other party hereto indicating the specific termination provision in this Agreement relied upon and specifying a date of termination. 

  
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	 	c)	The period between the date notice of termination is provided and your termination date shall be referred to as the “Notice Period.” During any Notice Period,
the Company may, in its absolute discretion (i) require you to perform only such portion of your normal duties as it may allocate to you from time to time, (ii) require you not to perform any of your duties, (iii) require you not to
have any contact with customers or clients of the Company nor any contact (other than purely social contact) with such employees of the Company as the Company shall determine, (iv) exclude you from any premises of the Company, and/or
(v) require you to resign from all directorships and other offices that you hold in connection with your employment with the Company (including any directorships with subsidiaries or other affiliates of the Company) effective as of any date
during the Notice Period. If the Company elects to take any such action, such election shall not constitute a breach by the Company of this Agreement or Good Reason for you to terminate your Employment under Sections 3(a)(vi) or (vii) and you
shall not have any claim against the Company in connection therewith so long as, during the Notice Period, the Company continues to pay to you your Base Salary, Annual Bonus and all of the other amounts described in Section 2 of this Agreement.

  

	4)	Severance Payments and Other Benefits Following Termination of Employment 

 

	 	a)	In the event that your employment with the Company shall terminate for any reason, and except as otherwise set forth in this Agreement, the Company’s sole
obligation under this Agreement shall be to pay to you any accrued but unpaid Base Salary for services rendered to the date of termination, any bonus awarded by the Compensation Committee in respect of a prior year’s target Annual Bonus but not
yet paid as of the date of termination, any accrued but unpaid expenses required to be reimbursed under this Agreement, any unused vacation accrued to the date of termination. For the sake of clarity, this Section 4(a) does not limit any rights
you may have under the Company’s retirement or welfare plans. 

  

	 	b)	Death. In the event your employment is terminated due to your death pursuant to Section 3(a)(i), then in addition to the amounts provided under
Section 4(a) above: 

  

	 	i)	Your beneficiary will be paid a pro-rata portion of your Annual Bonus that you would have been entitled to receive for the calendar year in which your termination
occurs, based on the number of days you were employed by the Parent Group during such year and calculated as if all targets were met, to be paid in a lump sum no later than sixty (60) days following your termination; and

  

	 	ii)	All outstanding and unvested restricted shares of the Common Stock of Parent pursuant to the 2007 Long-Term Equity Compensation Plan as it may be amended from time to
time, or any successor plan, unless prohibited by such successor plan (“Restricted Shares”), shall immediately vest upon said termination. 

  

	 	c)	Disability. In the event that the Company terminates your employment due to your disability, pursuant to Section 3(a)(ii), then in addition to the amounts
provided under Section 4(a) above: 

  

	 	i)	You will be paid a pro-rata portion of your Annual Bonus that you would have been entitled to receive for the calendar year in which your termination occurs, based on
the number of days you were employed by the Parent Group during such year and calculated as if all targets were met, to be paid in a lump sum no later than sixty (60) days following your termination; and 

  
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	 	ii)	All outstanding and unvested Restricted Shares shall immediately vest upon said termination. 

 

	 	d)	Termination by the Company without Cause. In the event that the Company terminates your employment without Cause in accordance with the provisions of
Section 3(a)(iv) hereof, and conditioned on your compliance with this Agreement during the Notice Period (but not for any other reason, including without limitation under Sections 3(a)(i), (ii), (iii), or (v)), then in addition to the amounts
you have received during the Notice Period and any other amounts provided in Section 4(a), but subject to your timely satisfaction of the condition precedent in Section 4(i) below, the following will be provided to you following the
termination of the Notice Period: 

  

	 	(i)	You will be paid a lump sum amount equal to one year’s Base Salary at the rate in effect immediately prior to said termination, to be paid no later than sixty
(60) days following your termination; 

  

	 	(ii)	With respect to the Annual Bonus for the calendar year prior to the calendar year in which your termination occurs, you will be excused from the requirement in
Section 2(b) that you must be actively employed with the Company on the date of disbursement in order to receive the Bonus; 

  

	 	(iii)	You will be paid an amount equal to the Annual Bonus that you would have been entitled to receive for the calendar year in which your termination occurs, calculated as
if all targets were met, to be paid in a lump sum no later than sixty (60) days following your termination; 

  

	 	(iv)	You will be paid a pro-rata portion of your Annual Bonus that you would have been entitled to receive for the calendar year in which your termination occurs, based on
the number of days you were employed by the Parent Group during such year and calculated as if all targets were met, to be paid in a lump sum no later than sixty (60) days following your termination; 

 

	 	(v)	The Company will pay COBRA premiums to continue your coverage pursuant to COBRA and the applicable insurance policies up and until the earlier of: (i) 12 months
from the date of termination, (ii) or the date upon which you cease to be eligible for COBRA continuation coverage under applicable law and the terms of the applicable policies. You agree to notify the Company in the event that you obtain
coverage with another employer group health plan that does not contain any exclusions or limitations with respect to any pre-existing condition, or if you become entitled to Medicare benefits; and 

 

	 	(vi)	In the event that the Company terminates your employment without Cause in accordance with the provisions of Section 3(a)(iv), then for so long as you shall remain
in full compliance with the obligations set forth in Sections 7, 8, and 10 below, and conditioned on such continued compliance, all Restricted Shares previously granted to you which have not vested as of the date of your termination, if any, shall
continue to vest on the applicable dates set forth in the applicable award agreements granting such Restricted Shares. 

  
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	 	e)	Termination by the Company without Cause Following Change in Control. In the event that within 24 months following a Change in Control as defined in
Section 3(a)(vii) (1 – 4) hereof the Company terminates your employment without Cause, (but not for any other reason, including without limitation under Sections 3(a)(i), (ii), (iii), or (v)) then in addition to the amounts you have
received during the Notice Period and any other amounts provided in Section 4(a), but subject to your timely satisfaction of the condition precedent in Section 4(i) below, the following will be provided to you following the termination of
the Notice Period: 

  

	 	(i)	You will be paid a lump sum amount equal to one year’s Base Salary at the rate in effect immediately prior to said termination, to be paid no later than sixty
(60) days following your termination; 

  

	 	(ii)	With respect to the Annual Bonus for the calendar year prior to the calendar year in which your termination occurs, you will be excused from the requirement in
Section 2(b) that you must be actively employed with the Company on the date of disbursement in order to receive the Bonus; 

  

	 	(iii)	You will be paid an amount equal to two times the Annual Bonus that you would have been entitled to receive for the calendar year in which your termination occurs,
calculated as if all targets were met, to be paid in a lump sum no later than sixty (60) days following your termination; 

  

	 	(iv)	You will be paid a pro-rata portion of your Annual Bonus that you would have been entitled to receive for the calendar year in which your termination occurs, based on
the number of days you were employed by the Parent Group during such year and calculated as if all targets were met, to be paid in a lump sum no later than sixty (60) days following your termination; 

 

	 	(v)	The Company will pay COBRA premiums to continue your coverage pursuant to COBRA and the applicable insurance policies up and until the earlier of: (i) 12 months
from the date of termination, (ii) or the date upon which you cease to be eligible for COBRA continuation coverage under applicable law and the terms of the applicable policies. You agree to notify the Company in the event that you obtain
coverage with another employer group health plan that does not contain any exclusions or limitations with respect to any pre-existing condition, or if you become entitled to Medicare benefits; and 

 

	 	(vi)	All outstanding and unvested Restricted Shares shall immediately vest upon said termination. 

 

	 	f)	Termination by You for Good Reason. In the event that you terminate for Good Reason in accordance with the provisions of Section 3(a)(vi) hereof, (but not
for any other reason, including without limitation under Sections 3(a)(i), (ii), (iii), or (v)) then in addition to the amounts provided in Section 4(a), but subject to your timely satisfaction of the condition precedent in Section 4(i)
below, the following will be provided to you: 

  

	 	(i)	You will be paid a lump sum amount equal to one year’s Base Salary at the rate in effect immediately prior to said termination, to be paid no later than sixty
(60) days following your termination; 

  
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	 	(ii)	With respect to the Annual Bonus for the calendar year prior to the calendar year in which your termination occurs, you will be excused from the requirement in
Section 2(b) that you must be actively employed with the Company on the date of disbursement in order to receive the Bonus; 

  

	 	(iii)	You will be paid a pro-rata portion of your Annual Bonus that you would have been entitled to receive for the calendar year in which your termination occurs, based on
the number of days you were employed by the Parent Group during such year and calculated as if all targets were met, to be paid in a lump sum no later than sixty (60) days following your termination; 

 

	 	(iv)	You will be paid an amount equal to the Annual Bonus that you would have been entitled to receive for the calendar year in which your termination occurs, calculated as
if all targets were met, to be paid in a lump sum no later than sixty (60) days following your termination; 

  

	 	(v)	The Company will pay COBRA premiums to continue your coverage pursuant to COBRA and the applicable insurance policies up and until the earlier of: (i) 12 months
from the date of termination, (ii) or the date upon which you cease to be eligible for COBRA continuation coverage under applicable law and the terms of the applicable policies. You agree to notify the Company in the event that you obtain
coverage with another employer group health plan that does not contain any exclusions or limitations with respect to any pre-existing condition, or if you become entitled to Medicare benefits; and 

 

	 	(vi)	In the event that you terminate for Good Reason in accordance with the provisions of Section 3(a)(vi), then for so long as you shall remain in full compliance with
the obligations set forth in Sections 7, 8, 9 and 10 below, and conditioned on such continued compliance, all Restricted Shares previously granted to you which have not vested as of the date of your termination, if any, shall continue to vest on the
applicable dates set forth in the applicable award agreements granting such Restricted Shares. 

  

	 	g)	Termination by You for Good Reason Following Change in Control. In the event that within 24 months following a Change of Control as defined in
Section 3(a)(vii) (1 – 4) hereof you terminate for Good Reason in accordance with the provisions of Section 3(a)(vii) hereof, (but not for any other reason, including without limitation under Sections 3(a)(i), (ii), (iii), or (v))
then in addition to the amounts provided in Section 4(a), but subject to your timely satisfaction of the condition precedent in Section 4(i) below, the following will be provided to you: 

 

	 	(i)	You will be paid a lump sum amount equal to one year’s Base Salary at the rate in effect immediately prior to said termination, to be paid no later than sixty
(60) days following your termination; 

  

	 	(ii)	 With respect to the Annual Bonus for the calendar year prior to the calendar year in which your termination occurs, you will be excused

  
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from the requirement in Section 2(b) that you must be actively employed with the Company on the date of disbursement in order to receive the Bonus; 

 

	 	(iii)	You will be paid a pro-rata portion of your Annual Bonus that you would have been entitled to receive for the calendar year in which your termination occurs, based on
the number of days you were employed by the Parent Group during such year and calculated as if all targets were met, to be paid in a lump sum no later than sixty (60) days following your termination; 

 

	 	(iv)	You will be paid an amount equal to two times the Annual Bonus that you would have been entitled to receive for the calendar year in which your termination occurs,
calculated as if all targets were met, to be paid in a lump sum no later than sixty (60) days following your termination; 

  

	 	(v)	The Company will pay COBRA premiums to continue your coverage pursuant to COBRA and the applicable insurance policies up and until the earlier of: (i) 12 months
from the date of termination, (ii) or the date upon which you cease to be eligible for COBRA continuation coverage under applicable law and the terms of the applicable policies. You agree to notify the Company in the event that you obtain
coverage with another employer group health plan that does not contain any exclusions or limitations with respect to any pre-existing condition, or if you become entitled to Medicare benefits; and 

 

	 	(vi)	All outstanding and unvested Restricted Shares shall immediately vest upon said termination. 

 

	 	h)	 No severance benefits or payments provided pursuant to this Section 4, other than the amounts described in Section 4(a), will be provided to
you unless you execute a waiver and release in the form specified in Exhibit A hereto (with such changes as may be required due to change in applicable law or regulation) within forty-five (45) days following your employment termination
date and do not revoke such release. To the extent required to avoid penalty taxes under Section 409A of the Code, any payment or benefit payment hereunder shall commence on the 60th day following your termination, including any payments that would otherwise have been made prior to such date.

  

	 	i)	In the event of any termination of your Employment by the Company, or by you in conformity with this Agreement, you shall be under no obligation to seek other
employment, and there shall be no offset against amounts due you under this Agreement on account of any remuneration attributable to any subsequent employment you may obtain. Any amounts due under this Section 4 are considered to be reasonable
by the Company and not in the nature of a penalty. 

  

	5)	Resignation from Directorships and Other Offices 

 In addition, upon your termination of employment with the Company for any reason, you agree to resign from all directorships and other offices that you hold in connection with your employment with the
Company (including any directorships with subsidiaries or other affiliates of the Company). 

  
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	6)	Conflict of Interest 

 During employment with the Company, you may not use your position, influence, knowledge of Confidential Information or Trade Secrets or the Company’s assets for personal gain. A direct or indirect
financial interest (excluding investments in mutual funds or other similar investment vehicles), including joint ventures in or with a supplier, vendor, customer or prospective customer without disclosure and the express written approval of the
Chief Executive Officer of the Parent is strictly prohibited during employment with the Company. 
  

	7)	Confidential Information 

  

	 	a)	As an executive of the Company, you will learn or have access to, or may assist in the development of, highly confidential and sensitive information and trade secrets
about the Company, its operations, its subsidiaries and affiliates, its employees, and its customers, which are the property of the Company. Such Confidential Information and Trade Secrets include but are not limited to: (i) financial and
business information relating to the Company, such as information with respect to costs, commissions, fees, profits, expenses, sales, markets, mailing lists, strategies and plans for future business, new business, product or other development,
potential acquisitions or divestitures, and new marketing ideas; (ii) product and technical information relating to the Company, such as product formulations, new and innovative product ideas, methods, procedures, devices, machines, equipment,
data processing programs, software, software codes, computer models, and research and development projects; (iii) customer information, such as the identity of the Company’s customers, the names of representatives of the Company’s
customers responsible for entering into contracts with the Company, the amounts paid by such customers to the Company, specific customer needs and requirements, specific customer risk characteristics, policy expiration dates, policy terms and
conditions, information regarding the markets or sources with which insurance is placed, and leads and referrals to prospective customers; (iv) personnel information, such as the identity and number of the Company’s other employees, their
salaries, bonuses, benefits, skills, qualifications, and abilities; (v) any and all information in whatever form relating to any client or prospective customer of the Company, including but not limited to, its business, employees, operations,
systems, assets, liabilities, finances, products, and marketing, selling and operating practices; (vi) any information not included in (i) or (ii) above which you know or should know is subject to a restriction on disclosure or which
you know or should know is considered by the Company or the Company’s customers or prospective customers to be confidential, sensitive, proprietary or a trade secret or is not readily available to the public; and (vii) intellectual
property, including inventions and copyrightable works. Confidential Information and Trade Secrets are not generally known or available to the general public, but have been developed, compiled or acquired by the Company at its great effort and
expense. Confidential Information and Trade Secrets can be in any form: oral, written or machine readable, including electronic files, but shall not included any information known generally to the public or within the Company’s industry.

  

	 	b)	You acknowledge and agree that the Company is engaged in a highly competitive business and that its competitive position depends upon its ability to maintain the
confidentiality of the Confidential Information and Trade Secrets which were developed, compiled and acquired by the Company at its great effort and expense. You further acknowledge and agree that any disclosing, divulging, revealing, or using of
any of the Confidential Information and Trade Secrets, other than in connection with the Company’s business or as appropriate to carry out your duties for the Parent Group, will be highly detrimental to the Company and cause it to suffer
serious loss of business and pecuniary damage. 

  
 11 

	 	c)	Accordingly, you agree that you will not, while associated with the Company and for so long thereafter as the pertinent information or documentation remains
confidential, for any purpose whatsoever, directly or indirectly use, disseminate or disclose to any other person, organization or entity Confidential Information or Trade Secrets, except as appropriate to carry out your duties as an executive of
the Parent and except (i) as expressly authorized by the Chief Executive Officer of the Company, (ii) appropriate to enforce the terms of this Agreement, or (iii) required by law or legal process; provided, that you give notice to the
Company promptly on becoming aware of any obligations to disclose such information under this provision, and not less than ten days prior to making any such disclosure. 

 

	 	d)	Immediately upon the termination of employment with the Company for any reason, or at any time the Company so requests, you will return to the Company: (i) any
originals and all copies of all files, notes, documents, slides (including transparencies), computer disks, printouts, reports, lists of the Company’s clients or leads or referrals to prospective clients, and other media or property in
Employee’s possession or control which contain or pertain to Confidential Information or Trade Secrets; and (ii) all property of the Company, including, but not limited to, supplies, keys, access devices, books, identification cards,
computers, telephones and other equipment. 

  

	8)	Intellectual Property 

  

	 	a)	You agree that all inventions, improvements, products, designs, specifications, trademarks, service marks, discoveries, formulae, processes, software or computer
programs, modifications of software or computer programs, data processing systems, analyses, techniques, trade secrets, creations, ideas, work product or contributions thereto, and any other intellectual property, regardless of whether patented,
registered or otherwise protected or protectable, and regardless of whether containing or constituting Trade Secrets or Confidential Information as defined in this Agreement (referred to collectively as “Intellectual Property”), that were
conceived, developed or made by you during the period of your employment by the Company and that relate directly to the Company’s insurance and reinsurance business and any other business in which the Company was engaged as of the date of your
termination of employment with the Company (the “Proprietary Interests”), shall belong to and be the property of the Company. 

  

	 	b)	You further covenant and agree that you will: (i) promptly disclose such Intellectual Property to the Company; (ii) make and maintain for the Company,
adequate and current written records of your innovations, inventions, discoveries and improvements; (iii) assign to the Company, without additional compensation, the entire rights to Intellectual Property for the United States and all foreign
countries; (iv) execute assignments and all other papers and do all acts necessary to carry out the above, including enabling the Company to file and prosecute applications for, acquire, ascertain and enforce in all countries, letters patent,
trademark registrations and/or copyrights covering or otherwise relating to Intellectual Property and to enable the Company to protect its proprietary interests therein; and (v) give testimony, at the Company’s expense, in any action or
proceeding to enforce rights in the Intellectual Property. 

  

	 	c)	You further covenant and agree that it shall be conclusively presumed as against you that any Intellectual Property related to the Proprietary Interests described by
you in a patent, service mark, trademark, or copyright application, disclosed by you in any manner to a third person, or created by you or any person with whom you have any business, financial or confidential relationship, within one (1) year
after cessation of your employment with the Company, was conceived or made by you during the period of employment by the Company and that such Intellectual Property be the sole property of the Company. 

  
 12 

	 	d)	Nothing in this Section 8 shall be construed as granting or implying any right to you under any patent or unpatented intellectual property right of the Company, or
your right to use any invention covered thereby. 

  

	 	e)	In the event that you are requested or required (by oral questions, interrogatories, requests for information or documents, subpoena or similar process) to disclose any
information protected by Sections 7 and 8 (collectively, “Restricted Material,”) you agree to provide the Company with prompt notice of such request(s) so that the Company may seek an appropriate protective order or other appropriate
remedy and/or waive your compliance with the provisions of this Agreement. In the event that such protective order or other remedy is not obtained, or that the Company grants a waiver hereunder, you may furnish that portion (and only that portion)
of the Restricted Material which you are legally compelled to disclose and will exercise your reasonable best efforts to obtain reliable assurance that confidential treatment will be accorded any Restricted Material so furnished.

  

	9)	Non-Competition 

  

	 	a)	You acknowledge and agree that the Company is engaged in a highly competitive business and that by virtue of your senior executive position and responsibilities with
the Company and your access to the Confidential Information and Trade Secrets, engaging in any business which is directly competitive with the Company during the 12-month period following the termination of your employment will cause it great and
irreparable harm. 

  

	 	b)	Accordingly, you covenant and agree that so long as you are employed by the Company and for a period of twelve (12) months after such employment ends for any
reason whatsoever, other than a termination without Cause pursuant to Section 3(a)(iv), whether voluntarily or involuntarily, you will not, without the express written consent of the Chief Executive Officer of the Parent, directly or
indirectly, own, manage, operate or control, or be employed in the same or substantially the same position or duties as the position(s) held by you with the Company or the Parent, by any company or entity engaged in the insurance or reinsurance
business in which the Company is engaged or has announced an intention to become engaged as of the date of termination of employment, and for which you had responsibility or about which you had knowledge of or access to Confidential Information and
Trade Secrets. In recognition of the global nature of the Company’s business which includes the sale of its products and services around the world, and in nature of your senior executive position, this restriction shall apply throughout the
United States and Bermuda. 

  

	10)	Non-Solicitation of Employees 

  

	 	a)	You acknowledge and agree that solely as a result of employment with the Company, and in light of the broad responsibilities of such employment which include working
with other employees of the Company, you have and will come into contact with and acquire Confidential Information and Trade Secrets regarding other employees of the Company, and will develop relationships with those employees.

 Accordingly, you covenant and agree that for so long as you are employed by the Company and for a period of
twelve (12) months after such employment ends, whether voluntarily or involuntarily and whether with or without cause, you shall not, either on your own account or on behalf of any person, company, corporation, or other entity,

  
 13 

 
directly or indirectly, solicit any employee of the Company to leave employment with the Company. This restriction shall apply to those employees of the Company with whom you came into contact or
about whom you obtained Confidential Information or Trade Secrets during the last two (2) years of your employment with the Company. 
  

	11)	Enforcement 

  

	 	a)	The parties acknowledge and agree that compliance with the covenants set forth in this Agreement is necessary to protect the Confidential Information and Trade Secrets,
business and goodwill of the Company, and that any breach of this Agreement will result in irreparable and continuing harm to the Company, for which money damages may not provide adequate relief. Accordingly, in the event of any breach or
anticipatory breach of this Agreement by you, or your claim in a declaratory judgment action that all or part of this Agreement is unenforceable, the parties agree that the Company shall be entitled to the following particular forms of relief as a
result of such breach, in addition to any remedies otherwise available to it at law or equity: (a) injunctions, both preliminary and permanent, enjoining or restraining such breach or anticipatory breach, and you consent to the issuance thereof
forthwith and without bond by any court of competent jurisdiction; and (b) recovery of all reasonable sums and costs, including attorneys’ fees, incurred by the Company to defend or enforce the provisions of this Agreement if you argue
that such covenants are unreasonable or unenforceable. 

  

	 	b)	The parties hereto hereby declare that it is impossible to measure in money the damages that will accrue to the Company by reason of your failure to perform any of your
obligations under Sections 7, 8, 9, and 10. Accordingly, if the Company institutes any action or proceeding to enforce the provisions hereof, to the extent permitted by applicable law, you hereby waive the claim or defense that the Company has an
adequate remedy at law, and you shall not urge in any such action or proceeding the defense that any such remedy exists at law. The foregoing rights shall be in addition to any other rights and remedies available to the Company under law or in
equity. 

  

	 	c)	If any of the covenants contained in Sections 7, 8, 9, and 10, or any part thereof, is construed to be invalid or unenforceable, the same shall not affect the remainder
of the covenant or covenants, which shall be given full effect, without regard to the invalid portion(s). In addition, if any of the covenants contained in Sections 7, 8, 9, and 10 hereof, or any part thereof, is held by any person or entity with
jurisdiction over the matter to be invalid or unenforceable because of duration of such provision or the geographical area covered thereby, the parties agree that such person or entity shall have the power to reduce the duration and/or geographical
area of such provision and, in its reduced form, said provisions shall then be enforceable. 

  

	 	d)	It is understood and agreed that no failure or delay by the Company in exercising any right, power or privilege contained in Sections 7, 8, 9, and 10 shall operate as a
waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any right, power or privilege contained in Sections 7, 8, 9, or 10. 

 

	 	e)	It is understood and agreed that references to the “Company” in the foregoing Sections 7, 8, 9 and 10 include the Company, Parent and its affiliates.

  
 14 

	12)	Disclosure of Agreement; Disclosure of New Employment 

 You agree that you will promptly disclose the existence of this Agreement and the post-employment restrictions contained herein to all subsequent employers until all such covenants have expired.

  

	13)	Confidential Information Belonging to Others 

 You affirm that you have informed the Company of any restrictive covenant or other contract or agreement of any kind which would prohibit, restrict or limit your employment with the Company. If you learn
or become aware or are advised that you are subject to an additional actual or alleged restrictive covenant or other prior agreement which may prohibit or restrict employment by the Company, you shall immediately notify the Company of the same. You
agree that you shall not disclose to the Company, use for the Company’s benefit, or induce the Company to use any trade secret or confidential information you may possess or any Intellectual Property belonging to any former employer or other
third party. 
  

	14)	Choice of Forum 

The Parent is an international insurance company, and has subsidiaries that conduct business in the United States (including New York) and
other countries. You and the Company are desirous of having any disputes resolved in a forum having a substantial body of law and experience with the matters contained herein. As a result, you and the Company have a strong interest in providing a
single forum and governing law for the convenience of you and the Company to resolve any and all legal claims. In addition, you recognize that the Company’s and the Parent’s savings from limiting the forum for legal claims allow them and
their affiliates to maintain lower business expenses, which help all of them provide more cost effective and competitive insurance products and services. For all of these reasons, you and the Company agree that any action or proceeding brought in
any court or other forum with respect to this Agreement and Employee’s employment shall be brought exclusively in the Supreme Court of the State of New York, New York County, or in the United States District Court for the Southern District of
New York, or in any other court of competent jurisdiction sitting in the County and State of New York, and the parties agree to the personal jurisdiction thereof. The parties hereby irrevocably waive any objection they may now or hereafter have to
the laying of venue of any such action in the said court(s), and further irrevocably waive any claim they may now or hereafter have that any such action brought in said court(s) has been brought in an inconvenient forum. The parties recognize that,
should any dispute or controversy arising from or relating to this agreement be submitted for adjudication to any court or other third party, the preservation of the secrecy of Confidential Information or Trade Secrets may be jeopardized.
Consequently, the parties agree that all issues of fact shall be tried without a jury. 
  

	15)	Governing Law 

 You
and the Company agree that for the reasons recited in the foregoing paragraph 14, this Agreement shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to its conflict of laws provisions.

  

	16)	Section 409A 

You and the Company understand and agree that certain payments contemplated by this Agreement may be “nonqualified deferred
compensation” for purposes of Section 409A of the Code. No nonqualified deferred compensation payable hereunder shall be paid or be subject to acceleration or to any change in the specified time or method of payment, except as otherwise
provided under this Agreement and consistent with Section 409A of the Code. Notwithstanding any other provision of this Agreement to the contrary, and to the extent 

  
 15 

 
required by Section 409A of the Code (as amended from time to time), in the event that payment of nonqualified deferred compensation made pursuant to this Agreement is based upon or
attributable to your termination of employment and you are at the time of your termination a “Specified Employee,” then any payment of nonqualified deferred compensation otherwise required to be made to you shall be deferred and paid in a
lump sum to you on the day after the date that is six (6) months from the date of your “Separation from Service” within the meaning of Section 409A of the Code; provided, however, if you die prior to the expiration of such six
(6) month period, payment to your beneficiary shall be made as soon as practicable following your death. You will be a “Specified Employee” for purposes of this Agreement if, on the date of your Separation from Service, you are an
individual who is, under the method of determination adopted by the Company designated as, or within the category of employees deemed to be, a “specified employee” within the meaning and in accordance with Treasury Regulation
Section 1.409A-1(i). The Company shall determine in its sole discretion all matters relating to who is a “Specified Employee” and the application of and effects of the change in such determination. 

 

	17)	Indemnification 

The Parent shall indemnify you to the same extent and by the same means as provided to other executive officers generally (excluding the
Parent’s Chairman and Chief Executive Officer). 
  

	18)	Miscellaneous 

  

	 	a)	Any notice or other communication required or permitted under this Agreement shall be effective only if it is in writing and shall be deemed to be given when delivered
personally or three days after it is mailed by registered or certified mail, postage prepaid, return receipt requested or one day after it is sent by a reputable overnight courier service and, in each case, addressed to the relevant party at the
address provided for such party on the first page hereof, or to such other address as any party hereto may designate by notice to the other in accordance with the foregoing. 

 

	 	b)	This Agreement constitutes the entire agreement among you and the Company, the Parent and any affiliate with respect to your employment by the Company, and supersedes
and is in full substitution for any and all prior understandings or agreements with respect to your employment including, but not limited to, the offer letter to you from AXIS, dated May 16, 2012. This Agreement shall be binding upon execution
by both parties, it being understood and agreed that your employment shall not commence until June 18, 2012. 

  

	 	c)	This Agreement may be amended only by an instrument in writing signed by the parties hereto, and any provision hereof may be waived only by an instrument in writing
signed by the party against whom or which enforcement of such waiver is sought. Any amendment to this Agreement must comply with the requirements of Section 409A of the Code. 

 

	 	d)	The Company shall withhold from any compensation and benefits payable under this Agreement all applicable U.S. federal, state, local, or other taxes.

  

	 	e)	Except as otherwise set forth herein, in the event of any contest or dispute between you and the Company with respect to this Agreement, each of the parties shall be
responsible for their respective legal fees and expenses. 

  

	 	f)	If any term or provision of this Agreement is declared illegal or unenforceable by any court of competent jurisdiction and cannot be modified to be enforceable, such
term or provision shall immediately become null and void, leaving the remainder of this Agreement in full force and effect. 

  
 16 

	 	g)	Except as otherwise provided in this Agreement, this Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective heirs,
representatives, successors and assigns. Your rights and benefits under this Agreement are personal to you and no such right or benefit shall be subject to voluntary or involuntary alienation, assignment or transfer; provided, however, that nothing
in this Section 17 shall preclude you from designating a beneficiary or beneficiaries to receive any benefit payable on your death. 

  

	 	h)	The headings in this Agreement are inserted for convenience of reference only and shall not be a part of or control or affect the meaning of any provision hereof.

  

	 	i)	Except as otherwise expressly set forth in this Agreement, to the extent necessary to carry out the intentions of the parties hereunder, the respective rights and
obligations of the parties hereunder shall survive any termination of your employment or expiration or termination of this Agreement. 

  

	 	j)	Nothing in this Agreement shall be construed as giving you any claim against any specific assets of the Company, Parent or any affiliate or as imposing any trustee
relationship upon the Company in respect of you. The Company shall not be required to establish a special or separate fund or to segregate any of its assets in order to provide for the satisfaction of its obligations under this Agreement. Your
rights under this Agreement shall be limited to those of an unsecured general creditor of the Company, Parent and its affiliates; 

  

	 	k)	Both parties, through their respective counsel, have participated in the preparation of this Agreement and its Exhibit A. Accordingly, both parties shall be
deemed to be the drafter of this Agreement or its Exhibit A for purposes of construing their provisions. The language in all parts of this Agreement and its exhibits shall be interpreted according to its fair meaning, and shall not be
interpreted for or against either of the Parties as the drafter of the language. 

 If the terms of this Agreement
meet with your approval, please sign and return one copy to the Company. 
 [signatures on following page] 

  
 17 

 
			
	AXIS SPECIALTY U.S. SERVICES, INC.
		
	By:	 	 /s/ Brian W. Goshen

	Name:	 	Brian W. Goshen
	Title:	 	Chief Administrative Officer

 Accepted and Agreed 
 as of the date first set forth above: 
  

	
	 /s/ Joseph C. Henry

	Joseph C. Henry

  
 18Form of Performance-Based Restricted Stock Unit Agreement

 Exhibit 10.1 
 ELECTRONIC ARTS INC. 
 2000 EQUITY INCENTIVE PLAN 

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD 
 [PARTICIPANT INFORMATION] 
 Electronic Arts Inc., a Delaware corporation, (the
“Company”) hereby grants on the date hereof (the “Award Date”) to the Participant named above a Performance-Based Restricted Stock Unit Award (the “Award”) consisting of Restricted Stock Units issued under the
Company’s 2000 Equity Incentive Plan, as amended (the “Plan”), to receive the total number of units set forth below of the Company’s Common Stock (the “Award Units”). The Award is intended to qualify as “qualified
performance-based compensation” as described in Section 162(m)(4)(C) of the Code. The Award is subject to all the terms and conditions set forth herein, in the attached Appendix A, Appendix B, Appendix C and in the Plan, the
provisions of which are incorporated herein by reference. The principal features of the Award are as follows: 
  

							
	 TARGET NUMBER OF AWARD UNITS:
	  	 	[            	] 	 	
			
	 MAXMIMUM NUMBER OF AWARD UNITS*:
	  	 	[            	] 	 	

  

	*	The actual number of Award Units that vest pursuant to the terms and condition of this Award will be between 0% and 200% of the Target Number of Award Units. The
Maximum Number of Award Units represents 200% of the Target Number of Award Units. 

 Performance-based Vesting Schedule: Subject
to the terms and conditions of the Plan, Appendix A, Appendix B, and this paragraph, the number of Award Units that vest on the applicable Vest Date for each Measurement Period shall be based (after certification by the Committee as described below)
on the relative total stockholder return (“Relative TSR”) percentile ranking of the Company for each Measurement Period, provided Participant is, and has remained continuously since the Award Date through each applicable Vest Date,
employed by the Company or a Subsidiary. Participant shall not be considered to have terminated employment for purposes of the vesting requirements during a leave of absence that is protected under local law (which may include, but is not limited
to, a maternity, paternity, disability, medical, or military leave), provided that such period shall not exceed the maximum leave of absence period protected by local law. Following the completion of each Measurement Period, the Committee shall
determine and certify, on or before each Vest Date, in accordance with the requirements of Section 162(m) of the Code the Relative TSR percentile ranking for the applicable Measurement Period and the number of Award Units that vest according to
the performance terms set forth in Appendix B; provided, however, that the Committee retains discretion to reduce, but not increase the number of Award Units that would 

 
otherwise vest as a result of the Company’s Relative TSR percentile ranking for each Measurement Period.
 PLEASE READ ALL OF APPENDIX A, APPENDIX B AND APPENDIX C WHICH CONTAIN THE SPECIFIC TERMS AND CONDITIONS OF THE AWARD. 
  

			
	ELECTRONIC ARTS INC.	 	
	/s/ Stephen G. Bené	 	  

	Stephen G. Bené	 	DATE
	Senior Vice President and General Counsel	 	

 ACCEPTANCE: 
 By
accepting this Award and signing below, Participant hereby acknowledges that a copy of the Plan and a copy of the Prospectus, as amended, are available upon request from the Company’s Stock Administration department and can also be accessed
electronically. Participant represents that Participant has read and understands the terms and conditions thereof, and accepts the Award subject to all the terms and conditions of the Plan, the Award, including appendices thereto. Participant
acknowledges that there may be adverse tax consequences due to the Award and that Participant should consult a tax advisor to determine his or her actual tax consequences. Participant must accept this Award by executing and delivering a paper or
electronic version to the Company within thirty (30) days. Otherwise the Company may, at its discretion, rescind the Award in its entirety. 
  

			
	  
	 	
	 Participant Signature
	 	
		
	  
	 	
	Date	 	

  
 2 

 APPENDIX A 
 ELECTRONIC ARTS INC. 
 PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD 

1. Award. Each Award Unit represents the unsecured right to receive one share of Electronic Arts Inc. common stock, $0.01
par value per share (“Common Stock”), subject to certain restrictions and on the terms and conditions contained in this Restricted Stock Unit Award (“Award”), and the Electronic Arts’ 2000 Equity Incentive Plan, as amended
(the “Plan”). In the event of any conflict between the terms of the Plan and this Award, including appendices thereto, the terms of the Plan shall govern. Any terms not defined herein shall have the meaning set forth in the Plan.

 2. Award Date. The Award Date shall be the date on which the Committee makes the determination to grant such
Restricted Stock Units, unless otherwise specified by the Committee. The Award will be delivered to Participant within a reasonable time after the Award Date. 
 3. No Stockholder Rights. The Award does not entitle Participant to any rights of a stockholder of Common Stock. The rights of Participant with respect to the Award shall remain forfeitable
at all times prior to the date on which such rights become vested. 
 4. Conversion of Award Units; Issuance of Common
Stock. No Shares of Common Stock shall be issued to Participant prior to each Vest Date. After any Award Units vest, the Company shall promptly cause to be issued in book-entry form, registered in Participant’s name or in the name of
Participant’s legal representatives, beneficiaries or heirs, as the case may be, Common Stock in payment of such vested whole Award Units; provided, however, that in the event such Award Units do not vest on a day during which the Common Stock
is quoted on the NASDAQ Global Select Market (or traded on such other principal national securities market or exchange on which the Common Stock may then be listed) (“Trading Day”), the Company shall cause Award Shares to be issued on the
next Trading Day following the date on which such Award Units vest; provided, further, that in no event shall the Company cause such Shares to be issued later than two (2) months after each Vest Date. For purposes of this Award, the date on
which vested Award Units are converted into Common Stock shall be referred to as the “Conversion Date.” 
 5.
Fractional Award Units. In the event Participant is vested in a fractional portion of an Award Unit (a “Fractional Portion”), such Fractional Portion shall not be converted into a share or issued to Participant. Instead, the
Fractional Portion shall remain unconverted until the final Vest Date for the Award Units; provided, however, if Participant vests in a subsequent Fractional Portion prior to the final Vest Date for the Award Units and such Fractional Portion taken
together with a previous Fractional Portion accrued by Participant under this Award would equal or be greater than a whole Share, then such Fractional Portions shall be converted into one Share; provided, further, that following such conversion, any
remaining Fractional Portion shall remain 

  
 A-1

 
unconverted. Upon the final Vest Date, the value of any remaining Fractional Portion(s) shall be rounded up to the nearest whole Award Unit at the same time as the conversion of the remaining
Award Units and issuance of Common Stock described in Section 4 above. 
 6. Restriction on Transfer. Neither
the Award Units nor any rights under this Award may be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of by Participant other than by will or by the laws of descent and distribution, and any such purported sale, assignment,
transfer, pledge, hypothecation or other disposition shall be void and unenforceable against the Company. Notwithstanding the foregoing, Participant may, in the manner established by the Committee, designate a beneficiary or beneficiaries to
exercise Participant’s rights and receive any property distributable with respect to the Award Units upon Participant’s death. 
 7. Forfeiture Upon Termination of Employment. 
 (a) Except as
otherwise provided in Section 7(b) or 10(b) hereof in the event that Participant’s employment or service is Terminated for any reason, any unvested Award Units that are not yet vested as of the date of Termination shall be forfeited
immediately upon such Termination, as described in Section 12(l) below. 
 (b) In the event of a Termination due to the
death or Disability of Participant, the Participant shall vest in a pro-rata portion of the Award Units on each remaining Vest Date in the Performance Period thereafter, with such number of Award Units vesting to be determined based upon the actual
Relative TSR percentile ranking for the applicable Measurement Period, as set forth in Appendix B, and the number of months worked by the Participant during the Measurement Period, based upon the following pro-ration formula: 

Number of Award Units determined to vest on each Vest Date multiplied by the number of calendar months worked by Participant from
(i) April 1, 2012 through the date of Termination due to death or Disability divided by (i) twelve (12) for the 1st Measurement Period; (ii) twenty-four (24) for the
2nd Measurement Period; and (iii) thirty-six
(36) for the 3rd Measurement Period. 

Participant shall be deemed to have worked a calendar month if Participant has worked any portion of that month. The Committee’s determination of
vested Award Units shall be in whole Award Units only and will be binding on the Participant. 
 8. Forfeiture Upon
Termination of Performance Period. Any Award Units that do not vest on the Vest Date for each Measurement Period in the Performance Period shall be forfeited. 
 9. Suspension of Award and Repayment of Proceeds for Contributing Misconduct. If at any time the Committee reasonably believes that a Participant, other than an Outside Director, has engaged
in an act of misconduct, including, but not limited 

  
 A-2

 
to an act of embezzlement, fraud or breach of fiduciary duty during the Participant’s employment that contributed to an obligation to restate the Company’s financial statements
(“Contributing Misconduct”), the Committee may suspend the vesting of the Award pending a determination of whether an act of Contributing Misconduct has been committed. If the Committee determines that a Participant has engaged in an act
of Contributing Misconduct, then the Award will terminate immediately upon such determination and the Committee may require Participant to repay to the Company, in cash and upon demand, the Award Proceeds (as defined below) resulting from any sale
or other disposition (including to the Company) of Shares issued or issuable upon the vesting of the Award if the sale or disposition was effected during the twelve-month period following the first public issuance or filing with the SEC of the
financial statements required to be restated. The term “Award Proceeds” means, with respect to any sale or other disposition (including to the Company) of Shares issued or issuable upon vesting of Award Units, an amount determined
appropriate by the Committee to reflect the effect of the restatement on the Company’s stock price, up to the amount equal to the market value per Share at the time of such sale or other disposition multiplied by the number of Shares sold or
disposed of. The return of Award Proceeds is in addition to and separate from any other relief available to the Company due to the Participant’s Contributing Misconduct. Any determination by the Committee with respect to the foregoing shall be
final, conclusive and binding on all interested parties. For any Participant who is designated as an “executive officer”, the determination of the Committee shall be subject to the approval of the Board of Directors. 

10. Change of Control. 
 (a) Upon a Change of Control prior to the expiration of the Performance Period, the Committee shall certify the Relative TSR percentile ranking as of the effective date of the Change of Control (the
“CoC TSR percentile ranking”) as set forth in Appendix B. The CoC TSR percentile ranking shall thereafter be applied to determine the number of shares that vest on each remaining Vest Date in the Performance Period or pursuant to section
10(b), and no other performance terms applicable thereto shall have any force or effect for purposes of determining the vesting of the Award Units. 
 (b) Notwithstanding any provision to the contrary under the Electronic Arts Inc. Key Employee Continuity Plan (the “Continuity Plan”) or subsection (a) above, and subject to the timely
execution, return, and non-revocation of a Severance Agreement and Release, unvested Award Units, shall automatically vest: (i) as of the date of the Participant’s Termination of employment with the Company if such Termination occurs
during the time period beginning on the effective date of the Change of Control and ending on the first anniversary of the effective date of the Change of Control; and provided further that the Termination is initiated by the Company without Cause,
or by Participant for Good Reason (as these terms are defined in Section 10(c)); or (ii) as of the effective date of the date of the Change of Control if a Participant’s employment is Terminated without Cause during the two
(2) months immediately preceding a Change of Control, and such Termination is made in connection with the Change of Control, as determined by the Committee in its sole discretion; provided that in the case of either

  
 A-3

 
clause (i) or clause (ii) of this provision, such employment Termination meets the criteria for a “separation from service” as defined in Treas. Reg. §1.409A-1(h).

 (c) For purposes of this Award Agreement: 
 (i) “Cause” means (i) the continued failure by Participant to substantially perform Participant’s duties with the Company (other than any such failure resulting from Participant’s
incapacity due to physical or mental illness), (ii) the engaging by Participant in conduct which is demonstrably injurious to the Company or any of its affiliates, monetarily or otherwise, (iii) Participant committing any felony or any
crime involving fraud, breach of trust or misappropriation or (iv) any breach or violation of any agreement or written code of conduct relating to Participant’s employment with the Company where the Company, in its sole discretion,
determines that such breach or violation materially and adversely affects the Company or any of its affiliates. 
 (ii)
“Change of Control” means the occurrence of an event as set forth in any one of the following paragraphs: 
 (1) any
Person (as defined in Section 3(a)(9) of the Securities Exchange Act of 1934, as amended, as modified and used in Sections 13(d) and 14(d) thereof, except that such term shall not include (A) the Company or any of its affiliates,
(B) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its subsidiaries, (C) an underwriter temporarily holding securities pursuant to an offering of such securities or (D) a
corporation owned, directly or indirectly, by the stockholders 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 of the Securities Exchange
Act of 1934, as amended), directly or indirectly, of securities of the Company (not including in the securities beneficially owned by such Person any securities acquired directly from the Company other than securities acquired by virtue of the
exercise of a conversion or similar privilege or right unless the security being so converted or pursuant to which such right was exercised was itself acquired directly from the Company) representing 50% or more of (X) the then outstanding
shares of common stock of the Company or (Y) the combined voting power of the Company’s then outstanding voting securities entitled to vote generally in the election of directors; or 

(2) the following individuals cease for any reason to constitute a majority of the number of directors then serving on the Board (the
“Incumbent Board”): individuals who, as of the date of this Award, constitute the Board and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest,
including, without limitation, a consent solicitation, relating to the election of directors of the Company) whose appointment or election by the Board or nomination for election by the Company’s stockholders was approved or recommended by a
vote of at least two-thirds of the directors then still in office who either were directors on the date of this Award, or whose appointment, election or nomination for election was previously so approved or recommended; or 

  
 A-4

 (3) there is consummated a merger or consolidation of the Company or any Subsidiary of the
Company with any other corporation, other than a merger or consolidation pursuant to which (A) the voting securities of the Company outstanding immediately prior to such merger or consolidation will continue to represent (either by remaining
outstanding or by being converted into voting securities of the surviving entity or any parent thereof) more than 50% of the outstanding shares of common stock and the combined voting power of the outstanding voting securities entitled to vote
generally in the election of directors, as the case may be, of the Company or such surviving entity or any parent thereof outstanding immediately after such merger or consolidation; (B) no Person will become the Beneficial Owner, directly or
indirectly, of securities of the Company or such surviving entity or any parent thereof representing 50% or more of the outstanding shares of common stock or the combined voting power of the outstanding voting securities entitled to vote generally
in the election of directors (except to the extent that such ownership existed prior to such merger or consolidation); and (C) individuals who were members of the Incumbent Board will constitute at least a majority of the members of the board
of directors of the corporation (or any parent thereof) resulting from such merger or consolidation; or 
 (4) the stockholders
of the Company approve a plan of complete liquidation or dissolution of the Company or there is consummated an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than a sale or
disposition by the Company of all or substantially all of the Company’s assets to an entity, (A) more than 50% of the outstanding shares of common stock and the combined voting power of the outstanding voting securities entitled to vote
generally in the election of directors, as the case may be, of which (or of any parent of such entity) is owned by stockholders of the Company in substantially the same proportions as their ownership of the Company immediately prior to such sale;
(B) in which (or in any parent of such entity) no Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 50% or more of the outstanding shares of common stock resulting from such sale or
disposition or the combined voting power of the outstanding voting securities entitled to vote generally in the election of directors (except to the extent that such ownership existed prior to such sale or disposition); and (C) in which (or in
any parent of such entity) individuals who were members of the Incumbent Board will constitute at least a majority of the members of the board of directors. 
 (iii) “Good Reason” means: the occurrence without Participant’s written consent, of any of the following on or after the date of a Change of Control: 

(1) a change in the location of Participant’s principal place of business by more than 50 miles when compared to Participant’s
principal place of business immediately before the Change of Control; and 
 (A) a more than 10% reduction in Participant’s annual base
salary in effect immediately before the Change of Control; (B) a more than 10% reduction in Participant’s target annual bonus or incentive opportunity from that in effect immediately before the Change

  
 A-5

 
of Control, or (C) a more than 10% reduction in Participant’s total target annual cash compensation, including without limitation, annual base salary and target annual bonus or
incentive opportunity, from that in effect immediately before the Change of Control; and (D) with respect to only those Participants in the position of CEO, CFO, Chief Human Resources Officer, EVP Legal and Business Affairs, SVP Tax and
Treasury, General Counsel or Chief Accounting Officer of the Company on the Award Date, the occurrence without the affected Participant’s written consent, on or after the date of a Change of Control, of a material reduction in
Participant’s authority, duties, or responsibilities, including, without limitation, a material diminution in the authority, duties, or responsibilities of the supervisor to whom Participant is required to report, which shall include a
requirement that a Participant report to a corporate officer or employee instead of reporting directly to the board of directors of a corporation (or similar governing body with respect to an entity other than a corporation), when compared to
Participant’s authority, duties, or responsibilities, or the authority, duties or responsibilities of the supervisor to whom Participant is required to report, immediately before the Change of Control. 

(2) Notwithstanding the foregoing, Good Reason shall exist only if the following conditions are met: (A) Participant gives the
Company written notice of his or her intention to terminate employment with the Company for Good Reason; (B) such notice is delivered to the Company within 90 days of the initial existence of the condition giving rise to the right to terminate
for Good Reason, and at least 30 days in advance of the date of termination; (C) the Company fails to cure the alleged Good Reason to the reasonable satisfaction of Participant prior to Participant’s termination, and (D) the events
described in the preceding sentence, singly or in combination, result in a material negative change in Participant’s employment relationship with the Company, so that Participant’s termination effectively constitutes an involuntary
separation from service within the meaning of Section 409A of the Code. 
 (iv) “Severance Agreement and
Release” means the written separation agreement and release substantially in the form set forth in Appendix C, as may be amended from time to time. 
 (d) Anything to the contrary in this Award or the Plan notwithstanding, in the event that following the Award Date and prior to a Change of Control the Committee determines, in its sole discretion, that
the Award would fail to qualify as “qualified performance-based compensation” as described in Section 162(m)(4)(C) of the Code because of the provisions of Section 10(b) the Committee may adopt such amendments (including with
retroactive effect) to the provisions of Section 10(b) , including eliminating the effect of the provisions of Section 10(b), that the Committee reasonably determines, in its sole discretion, are required to preserve the treatment of the
Award as qualified performance-based compensation under Section 162(m) of the Code prior to a Change of Control. Notwithstanding the foregoing, nothing in the proceeding sentence provides the Committee with any rights or discretion that is not
itself permitted under Section 162(m). 

  
 A-6

 11. Section 280G Provision. If Participant, upon taking into account the
benefit provided under this Award and all other payments that would be deemed to be “parachute payments” within the meaning of Section 280G of the Code (collectively, the “280G Payments”), would be subject to the excise tax
under Section 4999 of the Code, notwithstanding any provision of this Award to the contrary, Participant’s benefit under this Award shall be reduced to an amount equal to (i) 2.99 times Participant’s “base amount”
(within the meaning of Section 280G of the Code), (ii) minus the value of all other payments that would be deemed to be “parachute payments” within the meaning of Section 280G of the Code (but not below zero); provided,
however, that the reduction provided by this sentence shall not be made if it would result in a smaller aggregate after-tax payment to Participant (taking into account all applicable federal, state and local taxes including the excise tax under
Section 4999 of the Code). Participant’s benefit hereunder shall be reduced prior to any benefit owing to Participant under the Continuity Plan may be reduced pursuant to Section 2.11 of the Continuity Plan. Unless the Company and
Participant otherwise agree in writing, all determinations required to be made under this Section 11, and the assumptions to be used in arriving at such determinations, shall be made in writing in good faith by the accounting firm serving as
the Company’s independent public accountants immediately prior to the events giving rise to the payment of such benefits (the “Accountants”). For the purposes of making the calculations required under this Section 11, the
Accountants may make reasonable assumptions and approximations concerning the application of Sections 280G and 4999 of the Code. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated
by this Section 11. 
 12. Acknowledgement of Nature of Plan and Award. In accepting the Award, Participant
acknowledges that: 
 (a) the Plan is established voluntarily by the Company, it is discretionary in nature, and it may be
modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan; 
 (b) the Award
is voluntary and occasional and does not create any contractual or other right to receive future awards of Award Units, or benefits in lieu of Award Units, even if Award Units have been granted repeatedly in the past; 

(c) all decisions with respect to future awards, if any, will be at the sole discretion of the Company; 

(d) nothing in the Plan or the Award shall confer on Participant any right to continue in the employ of, or other relationship with, the
Company or Participant’s employer or limit in any way the right of the Company or Participant’s employer to Terminate Participant’s employment or service relationship at any time, with or without cause; 

(e) Participant’s participation in the Plan is voluntary; 

  
 A-7

 (f) the Award Units are an extraordinary item that does not constitute compensation of any
kind for services of any kind rendered to the Company or Participant’s employer, and which is outside the scope of Participant’s employment or service contract, if any; 

(g) notwithstanding any other provisions of the Plan or this Award, this Award is intended to provide tax-qualified performance based
compensation in accordance with Section 162(m)(4)(C) of the Code to Participant. Accordingly, this Award shall be construed consistent with that intent; 
 (h) the Award Units are not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, end of
service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments and in no event may be considered as compensation for, or relating in any way to, past services for the Company or Participant’s
employer; 
 (i) in the event that Participant is not an employee of the Company, the Award and Participant’s participation
in the Plan 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 Participant’s
employer or any Subsidiary; 
 (j) the future value of the underlying Shares of Common Stock is unknown and cannot be predicted
with certainty; 
 (k) in consideration of the Award, no claim or entitlement to compensation or damages shall arise from
termination of the Award Units or diminution in value of the Award Units or Shares of Common Stock received upon vesting of the Award Units resulting from Termination of Participant’s employment by the Company or Participant’s employer
(for any reason whatsoever and whether or not in breach of local labor laws), and Participant irrevocably releases the Company and Participant’s employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is
found by a court of competent jurisdiction to have arisen, then, by accepting the Award, Participant will be deemed irrevocably to have waived his or her entitlement to pursue such claim; 

(l) except as otherwise provided by the Committee or pursuant to Section 10(b) hereof, in the event of Termination of
Participant’s employment (whether or not in breach of local labor laws), Participant’s right to receive an Award and vest in the Award Units under the Plan, if any, will terminate effective as of the date that Participant is no longer
actively employed and will not be extended by any notice period mandated under local law (e.g., active employment would not include a period of “garden leave” or similar period pursuant to local law); the Committee shall have the exclusive

  
 A-8

 
discretion to determine when Participant is no longer actively employed for purposes of his or her Award; 
 (m) the Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding Participant’s participation in the Plan, or Participant’s acquisition
or sale of the underlying Shares of Common Stock; and 
 (n) Participant is hereby advised to consult with his or her own tax,
legal and financial advisors regarding Participant’s participation in the Plan before taking any action related to the Plan. 
 13. Tax Withholding. Regardless of any action the Company or Participant’s employer takes with respect to any or all income tax, social insurance, payroll tax, payment on account or
other applicable taxes (“Tax Items”) in connection with the Award, Participant hereby acknowledges and agrees that the ultimate liability for all Tax Items legally due by Participant is and remains the responsibility of Participant.
Further, if Participant has become subject to tax in more than one jurisdiction between the date of grant and the date of any relevant taxable or tax withholding event, as applicable, Participant acknowledges that the Company and/or the Employer (or
former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

(a) Participant acknowledges and agrees that the Company and/or Participant’s employer: (i) make no representations or
undertakings regarding the treatment of any Tax Items in connection with any aspect of the Award, including, but not limited to, the grant or vesting of the Award Units, the subsequent sale of Shares of Common Stock acquired under the Plan and the
receipt of any dividends; and (ii) do not commit to structure the terms of the Award or any aspect of the Award to reduce or eliminate Participant’s liability for Tax Items. 

(b) Prior to delivery of Shares of Common Stock upon the vesting of the Award Units (“Award Shares”), Participant must pay or
make adequate arrangements satisfactory to the Company and/or Participant’s employer to satisfy all withholding obligations for Tax Items of the Company and/or Participant’s employer. In this regard, Participant authorizes the Company
and/or Participant’s employer, at their discretion and if permissible under local law, to satisfy the obligations with regard to all Tax Items legally payable by Participant by one or a combination of the following: 

(i) withholding Shares from the delivery of the Award Shares, provided that the Company only withholds a number of Shares with a Fair
Market Value equal to or below the minimum withholding amount for Tax Items, provided, however, that in order to avoid issuing fractional Shares, the Company may round up to the next nearest number of whole Shares, as long as the Company issues no
more than a single whole Share in excess of the minimum withholding obligation for Tax Items. For example, if the minimum withholding obligation for Tax Items is $200 and the Fair 

  
 A-9

 
Market Value of the Common Stock is $20 per share, then the Company may withhold up to ten (10) Shares from the delivery of Award Shares on the Conversion Date. The Company or
Participant’s employer will remit the total amount withheld for Tax Items to the appropriate tax authorities; or 
 (ii)
withholding from Participant’s wages or other cash compensation paid to Participant by the Company and/or Participant’s employer; or 
 (iii) selling or arranging for the sale of Award Shares. 
 Participant shall pay to the Company or
Participant’s employer any amount of Tax Items that the Company or Participant’s employer may be required to withhold as a result of Participant’s participation in the Plan that cannot be satisfied by one or more of the means
previously described. The Company may refuse to deliver the Award Shares if Participant fails to comply with his or her obligations in connection with the Tax Items as described in this section. 

14. Compliance with Laws and Regulations. The issuance and transfer of Common Stock shall be subject to compliance by the
Company and Participant with all applicable requirements of federal, state and non-U.S. laws and with all applicable requirements of any stock exchange or national market system on which the Company’s Common Stock may be listed at the time of
such issuance or transfer. The Company is not required to issue or transfer Common Stock if to do so would violate such requirements. 
 15. Data Privacy. Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of his or her personal data as described in the
Award and any other Award materials by and among, as applicable, Participant’s employer, the Company and any Subsidiary for the exclusive purpose of implementing, administering and managing Participant’s participation in the Plan.
Participant understands that the Company and Participant’s employer may hold certain personal information about him or her, including, but not limited to, Participant’s name, home address and telephone number, date of birth, social
insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in the Company, details of all awards or any other entitlement to shares of stock awarded, canceled, exercised, vested,
unvested or outstanding in Participant’s favor, for the exclusive purpose of implementing, administering and managing the Plan (“Data”). 
 Participant understands that Data will be transferred to E*Trade Financial Services, Inc. or such other stock plan service provider as may be selected by Participant or as may be selected by the Company
in the future, which is assisting the Company with the implementation, administration and management of the Plan. Participant understands that the recipients of the Data may be located in the United States or elsewhere, and that the recipients’
country (e.g., the United States) may have different data privacy laws and protections than Participant’s country. Participant understands that he or she may request a list with the names and addresses of any potential recipients of the Data by
contacting 

  
 A-10

 
Participant’s local human resources representative. Participant authorizes the Company, E*Trade Financial Services, Inc. and any other possible 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
Participant’s participation in the Plan. Participant understands that Data will be held only as long as is necessary to implement, administer and manage Participant’s participation in the Plan. Participant understands that he or she may,
at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing
Participant’s local human resources representative. Participant understands, however, that refusing or withdrawing his or her consent may affect Participant’s ability to participate in the Plan. For more information on the consequences of
Participant’s refusal to consent or withdrawal of consent, Participant understands that he or she may contact his or her local human resources representative. 
 16. Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to the Award or future awards made under the Plan by electronic means or request
Participant’s consent to participate in the Plan by electronic means. Participant hereby consents to receive such documents by electronic delivery and, if requested, agrees 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. 
 17. Authority of the Board
and the Committee. Any dispute regarding the interpretation of the Award shall be submitted by Participant, Participant’s employer, or the Company, forthwith to either the Board or the Committee, which shall review such dispute at its
next regular meeting. The resolution of such a dispute by the Board or Committee shall be final and binding on Participant, Participant’s employer, and/or the Company. 
 18. No Deferral of Compensation. Payments made pursuant to this Plan and Award are intended to qualify for the “short-term deferral” exemption from Section 409A of the Code.
The Company reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify the Plan and/or this Award agreement to ensure that all Awards are made in a manner that qualifies for
exemption from or complies with Section 409A of the Code, provided however, that the Company makes no representations that the Award will be exempt from Section 409A of the Code and makes no undertaking to preclude Section 409A of the
Code from applying to this Award. 
 19. Governing Law and Choice of Venue. The Award as well as the terms and
conditions set forth in the Plan shall be governed by, and subject to, the law of the State of California. For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by the Award, the
parties hereby submit to and consent to the exclusive jurisdiction of the State of California and agree that such 

  
 A-11

 
litigation shall be conducted only in the courts of San Mateo 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. 
 20. Captions. Captions provided herein are for convenience only and
are not to serve as a basis for interpretation or construction of this Award. 
 21. Language. If Participant has
received this Award agreement or any other document related to the Plan translated into a language other than English and if the translated version is different than the English version, the English version will control unless otherwise prescribed
by local law. 
 22. Agreement Severable. In the event that any provision in this Award agreement is held to be
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 Award agreement. 

23. Entire Agreement. The Award, including the appendices thereto, and the Plan constitute the entire agreement of the
parties and supersede all prior undertakings and agreements with respect to the subject matter hereof. 

  
 A-12

 APPENDIX B 
 ELECTRONIC ARTS INC. 
 PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD 

Performance Vesting Terms 
 1.
Performance Period. The performance period for the Award Units shall be the period of time beginning April 1, 2012 and ending on March 28, 2015 (the “Performance Period”). During the Performance Period there will be three
(3) separate measurement periods of the Company’s Relative TSR (each a “Measurement Period”). Each Measurement Period has a corresponding vest date (the “Vest Date”) on which Award Units will vest. 

The Start Dates, End Dates and Vest Dates for the three (3) Measurement Periods are: 

 

							
	 	  	 1st Measurement Period
	  	 2nd Measurement Period
	  	 3rd Measurement Period

	 Start Date
	  	April 1, 2012	  	April 1, 2012	  	April 1, 2012
	 End Date
	  	March 30, 2013	  	March 29, 2014	  	March 28, 2015
	 Vest Date
	  	May 18, 2013	  	May 18, 2014	  	May 18, 2015

 2. Target Number of Award Units. The Target Number of Award Units for each Measurement Period is: 

 

							
	 	 	 1st Measurement Period
	 	 2nd Measurement Period
	  	3rd Measurement Period
	 Target

Number of

Award Units
	 		 		  	

 3. Performance Measure. The Performance Measure for the Performance Period is Relative TSR, as defined
below. The number of Award Units that may vest for each Measurement Period will be determined by multiplying the Target Number of Award Units by the Maximum Vest Percentage that corresponds to the Company’s Relative TSR percentile ranking
according to the following schedule and subject to the Maximum Value limitation described below: 
  

					
	  	  	 Relative TSR

Percentile Ranking
	  	 Maximum Vest

Percentage

		  	3 94th percentile	  	= 200%
			
		  	61st to 93rd percentile	  	= 100% plus 3% for each percentile >60th
			
	TARGET	  	60th percentile	  	= 100%
			
		  	11th to 59th percentile	  	= 100% minus 2% for each percentile <60th
			
		  	£ 10th percentile	  	= 0%

 For example: if the Company’s Relative TSR percentile ranking is 65%, up to 115% of the Target Number of
Award Units for that Measurement Period could vest. 

  
 B-1

 4. Maximum Number of Award Units. The number of Award Units that vest will be between 0% and 200% of
the Target Number of Award Units for each Measurement Period; provided that, under no circumstances will the monetary value of the actual number of Award Units that vest following each Measurement Period, exceed five (5) times the monetary
value of those Award Units on the Award Date (the “Maximum Value”). For purposes of this Award Agreement “monetary value” refers to the value of a share of Company stock as determined on any specified date by the Company’s
closing stock price for that date. The Maximum Value for each Measurement Period is determined by multiplying the number of Award Units determined to vest based on the Company’s Relative TSR percentile ranking for that Measurement Period by the
closing price of the Company’s stock on the Award Date and then multiplying that product by five (5). Accordingly, the maximum number of Award Units that vest for each Measurement Period shall not exceed the lesser of: 

(i) the number of Award Units determined by multiplying the Target Number of Award Units for each Measurement Period by the Maximum Vest
Percentage corresponding to the Relative TSR percentile ranking of the Company for that Measurement Period; or 
 (ii) the
number of Award Units determined not to exceed the Maximum Value, (with such number of Award Units calculated by dividing the Maximum Value by the closing price of the Company’s stock on the End Date of each Measurement Period.) 

5. Determination of Relative TSR. “Relative TSR” means the Company’s Total Stockholder Return relative to the Total Stockholder
Returns of the other Group Companies. Relative TSR will be determined by ranking the Group Companies from the highest to lowest according to their respective Total Stockholder Return, then calculating the Relative TSR percentile ranking of the
Company relative to the other Group Companies as follows: 
  
 

 
 Where: 

“P” represents the Relative TSR percentile ranking rounded to the nearest whole percentile 

“R” represents the Company’s ranking among the Group Companies 
 “N” represents the number of Group Companies 
 “Total Stockholder Return”
means the number calculated by dividing (i) the Closing Average Share Value minus the Opening Average Share Value (in each case adjusted to take into consideration the cumulative amount of dividends per share for the Measurement Period,
assuming reinvestment, as of the of applicable ex-dividend date, of all cash dividends and other cash distributions (excluding cash distributions resulting 

  
 B-2

 
from share repurchases or redemptions by the Company) paid to stockholders) by (ii) the Opening Average Share Value. 
 “Opening Average Share Value” means the average of the daily closing prices per share of a Group Company’s stock as reported on the NASDAQ for all Trading Days in the 90 calendar days
immediately following and including April 1, 2012. 
 “Closing Average Share Value” means the average of the daily closing prices
per share of a Group Company’s stock as reported on the NASDAQ for all Trading Days in the Closing Average Period. 

“Closing Average Period” means (i) in the absence of a Change of Control of the Company, the 90 calendar days
immediately prior to and including March 30, 2013 for the 1st Measurement Period; the 90 calendar days immediately prior to and including March 29, 2014 for the 2nd Measurement Period; and the 90 calendar days immediately prior to and including March 28, 2015 for the 3rd Measurement Period; or (ii) in the event of a Change of
Control, the 90 calendar days immediately prior to and including the effective date of the Change of Control. 
 “Group Companies”
means those companies listed in the NASDAQ-100 Index on April 1, 2012. The Group Companies may be changed as follows: 

(i) In the event of a merger, acquisition or business combination transaction of a Group Company with or by another Group Company, the
surviving entity shall remain a Group Company; 
 (ii) In the event of a merger, acquisition, or business combination
transaction of a Group Company with or by another company that is not a Group Company, or “going private transaction” where the Group Company is not the surviving entity or is otherwise no longer publicly traded, the company shall no
longer be a Group Company; and 
 (iii) In the event of a bankruptcy of a Group Company, such company shall remain a Group
Company and its stock price will continue to be tracked for purposes of the Relative TSR calculation. If the company liquidates, it will remain a Group Company and its stock price will be reduced to zero for all remaining Measurement Periods in the
Performance Period. 
 6. Award Vesting. The Committee will certify the Relative TSR percentile ranking of the Company after the End Date
of each Measurement Period and determine the actual number of Award Units that vest for that Measurement Period on or before each applicable Vest Date. 

  
 B-3

 APPENDIX C 
 FORM OF 
 SEVERANCE AGREEMENT AND RELEASE 

This SEVERANCE AGREEMENT AND RELEASE (this “Agreement”) is made as of
[                    ], 200[    ], by and between Electronic Arts Inc., a Delaware corporation, with its principal place of
business at 209 Redwood Shores Parkway, Redwood City, California 94065-1175 (which together with its affiliates and subsidiaries, if any, will hereinafter collectively be called “Employer”) and
[                    ], an individual residing at
[                    ] (“Employee”). 

A. Employee has been employed by Employer since on or about
[                    ]. [Employer and Employee have entered into a New Hire/Proprietary Information Agreement dated as of
[                    ] (the “New Hire/Proprietary Information Agreement”)]1 
 B. The Electronic Arts Inc. Key Employee Continuity Plan (as such plan may be amended from time to time, the “Plan”) and the Electronic Arts Inc. Restricted Stock Unit Award
(“Award”), dated [                    ] sets forth certain rights, benefits and obligations of the parties arising out of
Employee’s employment by Employer and the severance of such employment in connection with a Change in Control as determined in accordance with the Plan and Award. 
 C. Employee recognizes that this Agreement will automatically be revoked and Employee shall forfeit any benefit to which he or she may be entitled under the Plan and Award unless Employee submits
an executed copy of this Agreement [or similar agreement to be provided to persons employed by the Company outside the United States] to the Employer on or before
[                    ]. 

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth below, and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, Employer and Employee agree as follows: 
 1. Termination of
Employment Relationship. The relationship between Employee and Employer shall terminate as of                     (the “Separation
Date”). [Note that Separation Date cannot be later than the date the agreement is signed or the release will not provide the Company with full protection.] 
 2. Employee Severance. In consideration of Employee’s undertakings set forth in this Agreement, Employer will pay Employee
$[                    ] in accordance with the terms of the Plan, plus such other benefits as are provided under the terms of the Plan, the Award and
this Agreement. Such payment and benefits will be less 
  

	1 	 To be included if Employee has signed a New Hire/Proprietary Information Agreement.

  
 C-1

 
all applicable deductions (including, without limitation, any federal, state or local tax withholdings). Such payment and benefits are contingent upon the execution of this Agreement by Employee
and Employee’s compliance with all terms and conditions of this Agreement, the Plan and Award. Employee agrees that if this Agreement does not become effective, Employer shall not be required to make any further payments or provide any further
benefits to Employee pursuant to this Agreement, the Plan and Award and shall be entitled to recover all payments and be reimbursed for all benefits already made or provided by it (including interest thereon). Except for Employee’s final
paycheck and the amounts and benefits set forth herein and in the Plan, Employee acknowledges and agrees that Employer has already paid Employee any and all wages, salary, benefit payments and/or other payments owed to Employee from Employer, and
that no further payments, amounts or benefits are owed or will be owed. Employee further acknowledges and agrees that the amounts and benefits received under this Section 2 exceed that to which Employee would be entitled under Employer’s
policies, practices, and benefit plans, if any. 
 3. Release of Employer. In consideration of the obligations of
Employer described in Paragraph 2 above, Employee hereby completely releases and forever discharges Employer, its related corporations, divisions and entities, its predecessors, successors, and assigns, and its and each of their current and former
officers, directors, employees and agents, (collectively referred to as the “Releasees”) from all claims, rights, demands, actions, liabilities and causes of action of any kind whatsoever, known and unknown, which Employee
may have or have ever had against the Releasees (“claims”) including without limitation all claims arising from or connected with Employee’s employment by the Employer and his or her separation from employment, whether
based in tort or contract (express or implied) or on federal, state or local law or regulation. Employee has been advised that Employee’s release does not apply to any rights or claims that may arise after the date that this Agreement is signed
by the Employee (the “Effective Date”). This Agreement shall not affect Employee’s rights under the Older Workers Benefit Protection Act to have a judicial determination of the validity of the release contained herein.
[Note: release to be reviewed in each case for purposes of compliance with laws of applicable jurisdiction.] 
 4.
Acknowledgment. Employee understands and agrees that this is a final release and that Employee is waiving all rights now or in the future to pursue any remedies available under any employment related cause of action against the
Releasees, including without limitation claims of wrongful discharge, emotional distress, defamation, harassment, discrimination, retaliation, breach of contract or covenant of good faith and fair dealing, claims of violation of the California Labor
Code and claims under Title VII of the Civil Rights Act of 1964, as amended, the Equal Pay Act of 1963, the Civil Rights Act of 1866, as amended, the Americans with Disabilities Act, the Age Discrimination in Employment Act (the
“ADEA”), the Family and Medical Leave Act, the California Family Rights Act, the California Fair Employment and Housing Act, the Employee Retirement Income Security Act, and any other laws and regulations relating to
employment. Employee further acknowledges and agrees that Employee has received all leave to which Employee is entitled under all federal, state, and local laws and 

  
 C-2

 
regulations related to leave from employment, including, but not limited to, the Family and Medical Leave Act, the California Family Rights Act, and California worker’s compensation laws.
[Note: release to be reviewed in each case for purposes of compliance with laws of applicable jurisdiction.] 
 5.
Waiver of California Civil Code. Employee hereby expressly waives the provision 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/her favor at the time of executing the release, which if known by him/her must have materially
affected his/her settlement with the debtor. 
 Employee acknowledges that the waiver of this Section of the California Civil Code set forth
above is an essential and material term of this release, and that Employee has read this provision, and intends these consequences even as to unknown claims which may exist at the time of this release. 

6. Covenant Not to Sue. Employee represents that Employee has not filed or commenced any proceeding against the Releasees
and agrees that at no time in the future will Employee file or maintain any charge, claim or action of any kind, nature and character whatsoever against the Releasees, or cause or knowingly permit any such charge, claim or action to be filed or
maintained, in any federal, state or municipal court, administrative agency or other tribunal, arising out of any of the matters covered by this Agreement, except as provided in the following sentence. Notwithstanding Employee’s release and
waiver of remedies under the ADEA, this Agreement and the above covenant not to sue do not affect enforcement of the ADEA by the Equal Employment Opportunity Commission (“EEOC”), nor preclude Employee from (i) filing an ADEA charge
with the EEOC, (ii) participating in an ADEA investigation or proceeding conducted by the EEOC, or (iii) initiating a proceeding regarding the enforceability of this Agreement with respect to ADEA rights and remedies. If Employee initiates
any lawsuit or other legal proceeding in contravention of this covenant not to sue (other than a proceeding regarding the enforceability of this Agreement with respect to ADEA rights and remedies), Employee shall be required to immediately repay to
Employer the full consideration paid to Employee pursuant to Paragraph 2 above, regardless of the outcome of Employee’s legal action. 
 7. Nondisclosure of Agreement. Employee will maintain the fact and terms of this Agreement and any payments made by Employer in strict confidence and will not disclose the same to any other
person or entity (except Employee’s legal counsel, spouse and accountant) without the prior written consent of Employer. The parties agree that this confidentiality provision is a material term of this Agreement. A violation of the promise of
nondisclosure shall be a material breach of this Agreement. It is acknowledged that in the event of such a violation, it will be impracticable or extremely difficult to calculate the actual damages and, therefore, the parties agree that upon a

  
 C-3

 
breach, in addition to whatever rights and remedies Employer may have at law and in equity, Employee will pay to Employer as liquidated damages, and not as a penalty, the sum of Five Hundred
Dollars ($500.00) for each such breach and each repetition thereof. 
 [8. Return of Property;
Confidentiality; Inventions. 2 
 (a) Employee represents that Employee does not have in Employee’s possession any records, documents, specifications, or any confidential material or any equipment or other property of Employer.

 (b) Employee represents that Employee has complied with and will continue to comply with Paragraphs 3 and 4 of the New
Hire/Proprietary Information Agreement pertaining to Proprietary Information (as defined therein), and will preserve as confidential all confidential information pertaining to the business of Employer and its customers, licensees and affiliates.

 (c) Employee represents that Employee has complied with and will continue to comply with Paragraphs 5 and 6 of the New
Hire/Proprietary Information Agreement pertaining to Inventions (as defined therein). 
 (d) Employee acknowledges and agrees
that the New Hire/Proprietary Information Agreement will continue in full force and effect following his/her separation from the employ of Employer.] 
 [8. Return of Property; Confidentiality; Inventions. 3 

(a) Employee represents that Employee does not have in Employee’s possession any records, documents, specifications, or any
confidential material or any equipment or other property of Employer. 
 (b) Employee understands and acknowledges that all
Proprietary Information (as defined below) is the sole property of Employer and its assigns. Employee hereby assigns to Employer any rights Employee may have in all Proprietary Information. At all times, Employee shall keep in confidence and trust
all Proprietary Information, and Employee will not use or disclose any Proprietary Information or anything relating to it without the prior written consent of Employer. Employee represents that Employee has delivered to Employer all materials,
documents and data of any nature containing or pertaining to any Proprietary Information and has not taken and will not take with Employee any such materials, documents or data or any reproduction thereof. “Proprietary
Information” means any information of a confidential or secret nature that may have been learned or developed by Employee during the period of Employee’s employment by Employer and which (i) relates to the business of Employer
or to the business of any customer or supplier of Employer, or (ii) has been created, discovered or developed by, or has otherwise become known to Employer and has commercial value in the business in which Employer is engaged. By way of
illustration, 
  

	2 	To be used for Employees who have signed a New Hire/Proprietary Information Agreement. 

	3 	 To be used for Employees who have NOT signed a New Hire/Proprietary Information Agreement.

  
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but not limitation, Proprietary Information includes trade secrets, processes, formulas, computer programs, data, know-how, inventions, improvements, techniques, marketing plans, product plans,
strategies, forecasts, personnel information and customer lists. 
 (c) Employee represents that Employee has disclosed or will
disclose in confidence to Employer, or any persons designated by it, all Inventions (as defined below) that have been made or conceived or first reduced to practice by Employee during Employee’s employment with Employer (or thereafter if
Invention uses Proprietary Information of Employer). All such Inventions are the sole and exclusive property of Employer and its assigns, and Employer and its assigns shall have the right to use and/or to apply for patents, copyrights or other
statutory or common law protections for such Inventions in any and all countries. Employee agrees to assist Employer in every proper way (but at Employer’s expense) to obtain and from time to time enforce patents, copyrights and other statutory
or common law protections for such Inventions in any and all countries. To that end, Employee has executed or will execute all documents for use in applying for and obtaining such patents, copyrights and other statutory or common law protections
therefore and enforcing same, as Employer may desire, together with any assignments thereof to Employer or to persons designated by Employer. Employer shall compensate Employee at a reasonable rate for any time after the Separation Date actually
spent by Employee at Employer’s request on such assistance. “Inventions” means all inventions, improvements, original works or authorship, formulas, processes, computer programs, techniques, know-how and data, whether or
not patentable or copyrightable, made or conceived or first reduced to practice or learned by Employee, whether or not in the course of Employee’s employment.] 

[(d) Employee has been notified and understands that the provisions of Paragraph 8(c) above do not apply to an
Invention which qualifies fully under the provisions of Section 2870 of the California Labor Code, which states as follows: 4 
 (i) Any provision in an employment agreement which provides that
an employee shall assign, or offer to assign, any of his or her rights in an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s equipment,
supplies, facilities, or trade secret information except for those inventions that either: 
  

	 	(1)	Relate at the time of conception or reduction to practice of the invention to the employer’s business, or actual or demonstrably anticipated research or
development of the employer; or 

  

	 	(2)	Result from any work performed by the employee for the employer. 

  

 

	4 	This Subsection (d) is to be included for California employees only. 

  
 C-5

 (ii) To the extent a provision in an employment agreement purports to
require an employee to assign an invention otherwise excluded from being required to be assigned under subdivision (i), the provision is against the public policy of this state and is unenforceable.] 

[(d) The provisions of Paragraph 8(c) above do not apply to an Invention for which all of the following are
true:5 
 (i) The Invention was developed entirely on Employee’s own time; 
 (ii) Employee developed the Invention away from Employer’s facilities, and entirely without using the Employer’s equipment, supplies, or trade secret information; 

(iii) The Invention does not relate to the business or any anticipated research or development of Employer; and

 (iv) The Invention does not result from, and is not the extension of, any work done by Employee for Employer.] 

9. Non-Disparagement. Without limiting the foregoing, Employee agrees that Employee will not make statements or
representations to any other person, entity or firm which may cast Employer, or its directors, officers, agents or employees, in an unfavorable light, which are offensive, or which could adversely affect Employer’s name or reputation or the
name or reputation of any director, officer, agent or employee of Employer. The parties agree that the provisions of this Paragraph 9 are material terms of this Agreement. 
 10. Cooperation with Employer. Employee agrees that Employee will cooperate with Employer, its agents, and its attorneys with respect to any matters in which Employee was involved during
Employee’s employment with Employer or about which Employee has information, will provide upon request from Employer all such information or information about any such matter, will be available to assist with any litigation or potential
litigation relating to Employee’s actions as an employee of Employer, and will testify truthfully in any legal proceeding related to his or her employment with Employer. 

11. Non-Solicitation. [In accordance with the terms of the New Hire/Proprietary Information Agreement,
until]6/[Until]7 the [first] anniversary of the Separation Date, Employee agrees not to recruit, solicit or induce, or attempt to induce, any employee or employees of Employer to terminate their employment with, or
otherwise cease their relationship with, Employer. 
  
  

	5 	Subsection (d) is to be included for non-California employees only. 

	6 	To be used for Employees who have signed a New Hire/Proprietary Information Agreement. 

	7 	To be used for Employees who have NOT signed a New Hire/Proprietary Information Agreement. 

  
 C-6

 12. No Assignment By Employee. This Agreement, and any of the rights
hereunder, may not be assigned or otherwise transferred, in whole or in part by Employee. 
 13. Arbitration. Any
and all controversies arising out of or relating to the validity, interpretation, enforceability, or performance of this Agreement will be solely and finally settled by means of binding arbitration. Any arbitration shall be conducted in accordance
with the then-current Employment Dispute Resolution Rules of the American Arbitration Association. The arbitration will be final, conclusive and binding upon the parties. All arbitrator’s fees and related expenses shall be divided equally
between the parties. Further, each party shall bear its own attorney’s fees and costs incurred in connection with the arbitration. 
 14. Equitable Relief. Each party acknowledges and agrees that a breach of any term or condition of this Agreement may cause the non-breaching party irreparable harm for which its
remedies at law may be inadequate. Each party hereby agrees that the non-breaching party will be entitled, in addition to any other remedies available to it at law or in equity, to seek injunctive relief to prevent the breach or threatened breach of
the other party’s obligations hereunder. Notwithstanding Paragraph 13, above, the parties may seek injunctive relief through the civil court rather than through private arbitration if necessary to prevent irreparable harm. 

15. No Admission. The execution of this Agreement and the performance of its terms shall in no way be construed as an
admission of guilt or liability by either Employee or Employer. Both parties expressly disclaim any liability for claims by the other. 
 16. Consultation With Counsel and Time to Consider. Employee has been advised to consult an attorney before signing this Agreement. Employee acknowledges that Employee has been given the
opportunity to consult counsel of Employee’s choice before signing this Agreement, and that Employee is fully aware of the contents and legal effect of this Agreement. Employee acknowledges that Employer has provided Employee with a list, which
is Attachment A to this Agreement, of the job titles and ages of all employees being terminated on the Separation Date as well as the ages of the employees with the same titles who are not being terminated (“OWBPA Information”).
Employee has been given [21/45] days from receipt of the OWBPA Information to consider this Agreement. 
 17. Right to
Revoke. 
 (a) Employee and Employer have seven days from the date Employee signs this Agreement to revoke it in
a writing delivered to the other party. After that seven-day period has elapsed, this Agreement is final and binding on both parties. 

  
 C-7

 (b) Employee acknowledges and understands that if Employee fails to provide the Employer
with an executed copy of this Agreement by the date indicated in paragraph C on the first page of this Agreement, Employer’s offer to enter into this Agreement and/or its execution of this Agreement is automatically revoked and Employee shall
forfeit all rights under the Plan and Award. 
 18. Severability. It is the desire and intent of the parties that
the provisions of this Agreement shall be enforced to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. Accordingly, although Employer and Employee consider the
restrictions contained in this Agreement to be reasonable for the purpose of preserving Employer’s goodwill and proprietary rights, if any provision or portion of this Agreement shall be determined to be invalid or unenforceable for any reason,
the remaining provisions or portions of this Agreement shall be unaffected thereby and shall remain in full force and effect to the fullest extent permitted by law. 

19. Entire Agreement. This Agreement together with the Plan, Award [and the New Hire/Proprietary
Information Agreement]8 represents the complete understanding of Employee and Employer with respect to the subject matter herein. 

20. Notices. Notices or other communications given pursuant to this Agreement shall be given in accordance with the Plan.

 21. Governing Law. This Agreement will be construed and enforced in accordance with the laws of
[                    ]. 

22. Counterparts. This Agreement may be executed in two or more counterparts, all of which shall be considered one and the
same agreement. 
 BY SIGNING THIS AGREEMENT, YOU STATE THAT: 

(a) YOU HAVE READ THIS AGREEMENT AND HAVE HAD SUFFICIENT TIME TO CONSIDER ITS TERMS; 

(b) YOU UNDERSTAND ALL OF THE TERMS AND CONDITIONS OF THIS AGREEMENT AND KNOW THAT YOU ARE GIVING UP IMPORTANT RIGHTS, INCLUDING, WITHOUT
LIMITATION, THOSE ARISING UNDER THE ADEA; 
 (c) YOU AGREE WITH EVERYTHING IN THIS AGREEMENT; 

(d) YOU ARE AWARE OF YOUR RIGHT TO CONSULT WITH AN ATTORNEY BEFORE SIGNING THIS AGREEMENT AND HAVE BEEN ADVISED OF SUCH RIGHT;

  
  

	8 	To be included for Employees who have signed a New Hire/Proprietary Information Agreement. 

  
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 (e) YOU HAVE SIGNED THIS AGREEMENT KNOWINGLY AND VOLUNTARILY; AND 

(f) THIS AGREEMENT INCLUDES A RELEASE BY YOU OF ALL KNOWN AND UNKNOWN CLAIMS AS OF ITS EFFECTIVE DATE, AND NO CLAIMS ARISING AFTER ITS
EFFECTIVE DATE ARE WAIVED OR RELEASED IN THIS AGREEMENT. 
  

									
	[ELECTRONIC ARTS INC.]	 		 	[EMPLOYEE NAME]
					
	By:	 	  
	 		 	Signature:	 	  

		 	Name: [                    ]	 		 	        Date:	 	  

		 	Title: General Counsel	 		 		 	
					
	By:	 	  
	 		 		 	
		 	Name: [                    ]	 		 		 	
		 	Title: Chief Human Resources Officer	 		 		 	

  
 C-9

 Attachment A to Severance Agreement and Release 

This notice contains the information that is required to be provided to you by the Older Workers Benefit Protection Act. 

The following is a listing of the job titles and ages of (a) persons who were selected for termination and offered enhanced
severance benefits for signing the Severance Agreement and Release, and (b) all individuals in the same job classification or organizational unit who were not selected: 
 Table 1 - Positions Selected or Eligible for Severance Package 
  

					
	 Job Class or Group
	  	 Job Title
	  	 Age

		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	

 Table 2 - Positions Not Selected or Ineligible for Severance Package 

 

					
	 Job Class or Group
	  	 Job Title
	  	 Age

		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	

  
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