Document:

exv10w20

 

Exhibit 10.20

PERFORMANCE-BASED RESTRICTED STOCK AWARD AGREEMENT

BMC Software, Inc., a Delaware corporation (the “Company”), hereby grants to the Recipient
this Performance-Based Restricted Stock Award (this “Award”) effective as of the Grant Date
pursuant to the terms of this Performance-Based Restricted Stock Award Agreement (this
“Agreement”). The Award and this Agreement are subject to all of the terms and conditions of this
Performance-Based Restricted Stock Award and the BMC Software, Inc. 1994 Employee Incentive Plan
(as amended and restated effective as of August 25, 1997), as amended (the “Plan”), a copy of which
is attached hereto. Unless otherwise specified, capitalized terms used in this Agreement shall
have the meanings specified in the Plan. The terms and conditions of the Plan are incorporated
herein by this reference and govern except to the extent that this Agreement provides otherwise.

RECIPIENT NAME:

GRANT DATE:

RESTRICTED SHARES: _________SHARES OF THE COMPANY’S COMMON STOCK SUBJECT TO THE PERFORMANCE-

			
	 

	 	BASED VESTING REQUIREMENTS SET FORTH IN THIS AGREEMENT (“RESTRICTED
SHARES”). THE VESTING TERMS ARE SET FORTH IN THE TERMS AND CONDITIONS ATTACHED HERETO
AS ANNEX A AND THE VESTING SCHEDULE ATTACHED HERETO AS ANNEX B AND SUCH ANNEXES ARE
INCORPORATED HEREIN BY THIS REFERENCE.

By accepting this Performance-Based Restricted Stock Award and any shares of common stock of the
Company (“Common Stock”) issued pursuant to this Performance-Based Restricted Stock Award,
Recipient agrees to the terms and conditions set forth herein (the “Terms and Conditions”) and
acknowledges receipt of a copy of the Plan. Recipient represents that Recipient has read and
understands the terms of the Plan and this Performance-Based Restricted Stock Award, and accepts
this Performance-Based Restricted Stock Award subject to all such terms and conditions, including
any further amendments to the Plan. Recipient also acknowledges that he or she should consult a
tax advisor regarding the tax aspects of this Award. Recipient is further hereby advised that he
or she may not rely on the Company for any opinion or advice as to the personal tax implications of
this Award. IF RECIPIENT DOES NOT ACCEPT THIS AWARD, HE OR SHE MUST NOTIFY HUMAN RESOURCES,
ATTENTION MICHAEL JONES, IN WRITING WITHIN 30 DAYS OF THE GRANT DATE.

IN WITNESS WHEREOF, this Agreement has been executed by the Company and Recipient to be
effective as of the Grant Date specified above.

	 	 	 
	BMC SOFTWARE, INC.

	 	RECIPIENT
	 
	 	 
	By:                                                            

	 	                                                            
	Name:

	 	Name (print):
	Title:
	 	 

 

ANNEX A

TO

PERFORMANCE-BASED RESTRICTED STOCK AWARD AGREEMENT

TERMS AND CONDITIONS

     1. Award. Pursuant to the Plan the Restricted Shares shall be issued as hereinafter
provided in Recipient’s name subject to certain restrictions thereon.

     2. Definitions. For purposes of this Agreement, the terms “Cause,” “Change of
Control” and “Good Reason” shall have the meanings assigned to such terms in the Employment
Agreement (as defined below) or Change of Control Agreement (as defined below), as applicable to
Recipient, and the following terms shall have the meanings indicated below:

	 	(a)	 	“Change of Control Termination” shall mean a termination of
Recipient’s employment with the Company within the 12-month period beginning on
the date upon which a Change of Control occurs, which termination of employment
is by the Company without Cause or by Recipient within 60 days of an event that
constitutes Good Reason.
	 
	 	(b)	 	“Change of Control Agreement” shall mean the Change of Control
Agreement, if any, between the Company and Recipient.
	 
	 	(c)	 	“Employment Agreement” shall mean the Employment Agreement, if
any, between the Company and Recipient, as the same may be amended from time to
time.
	 
	 	(d)	 	“Forfeiture Restrictions” shall mean the restrictions to which
the Restricted Shares are subject as described in Section 3(a) hereof.

     3. Restricted Shares. The following restrictions apply to the Restricted Shares:

    (a) Forfeiture Restrictions. The Restricted Shares shall not be sold,
assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed
of to the extent then subject to the Forfeiture Restrictions, and except as provided in (b)
below, in the event Recipient’s employment with the Company shall terminate for any reason,
Recipient shall, for no consideration, forfeit to the Company all Restricted Shares to the
extent then subject to the Forfeiture Restrictions. The Forfeiture Restrictions shall be
binding upon and enforceable against any transferee of the Restricted Shares.

    (b) Lapse of Forfeiture Restrictions. With respect to each Performance Period
(as defined in Annex B), the Forfeiture Restrictions shall lapse as to the Restricted Shares
in accordance with the performance-based vesting schedule set forth on Annex B (the “Vesting
Schedule”), provided that Recipient has been continuously employed by the Company (or

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one of its affiliates) from the Grant Date through the date the Committee certifies the
results for such Performance Period (the “Certification Date”). The Committee shall
determine the Company’s actual performance and shall certify such results as soon as
reasonably practicable following the completion of each Performance Period. To the extent
that the Vesting Schedule provides for partial attainment against a performance target and
such performance is achieved, then the Forfeiture Restrictions shall lapse as to the
corresponding percentage of Restricted Shares set forth on the Vesting Schedule. To the
extent that a performance target is not achieved, the corresponding percentage of Restricted
Shares as set forth on the Vesting Schedule shall be forfeited to the Company. The Company
shall not issue fractional shares and shall round to the nearest whole share when
calculating vesting and lapsing of the Forfeiture Restrictions.

          Further, the Forfeiture Restrictions shall lapse as to all of the Restricted Shares
then subject to the Forfeiture Restrictions on the date Recipient incurs a Change of Control
Termination.

          (c) Book Entry and Certificates. The Company shall instruct its transfer agent
to record an entry in the Company’s shareholder records for the Restricted Shares in the
Recipient’s name, pursuant to which Recipient shall have all of the rights of a shareholder
of the Company with respect to the Restricted Shares, including, without limitation, voting
rights and the right to receive dividends (provided, however, that dividends paid in shares
of the Company’s stock (“Stock Dividends”) shall be subject to the Forfeiture Restrictions).
Recipient may not sell, transfer, pledge, exchange, hypothecate or otherwise dispose of the
Restricted Shares unless and until the Forfeiture Restrictions have lapsed and a breach of
the terms of this Agreement shall cause a forfeiture of the Restricted Shares. As soon as
practicable following the lapse of the Forfeiture Restrictions as to any portion of the
Restricted Shares and any Stock Dividends thereon, the Company shall cause the restrictions
to be lifted as to such shares and deposit such shares via electronic share transfer (DWAC)
in an account in the name of Recipient at a broker of the Company’s choosing and shall
notify Recipient of such action.

          (d) Corporate Acts. The existence of the Restricted Shares shall not affect in
any way the right or power of the Board or the shareholders of the Company to make or
authorize any adjustment, recapitalization, reorganization or other change in the Company’s
capital structure or its business, any merger or consolidation of the Company, any issue of
debt or equity securities, the dissolution or liquidation of the Company or any sale, lease,
exchange or other disposition of all or any part of its assets or business or any other
corporate act or proceeding. The prohibitions of Section 3(a) hereof shall not apply to the
transfer of Restricted Shares pursuant to a plan of reorganization of the Company, but any
stock, securities or other property received in exchange therefor shall also become subject
to the Forfeiture Restrictions and provisions governing the lapsing of such Forfeiture
Restrictions applicable to the original Restricted Shares for all purposes of this Agreement
and any certificates representing such stock, securities or other property shall be legended
to show such restrictions.

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     4. Tax Matters. RECIPIENT UNDERSTANDS THAT THE GRANT OF THIS AWARD, THE LAPSE OF THE
FORFEITURE RESTRICTIONS, THE ISSUANCE OF THE COMMON STOCK UPON A LAPSE OF THE FORFEITURE
RESTRICTIONS, AND THE SALE OF SUCH COMMON STOCK, MAY HAVE TAX IMPLICATIONS FOR RECIPIENT.
RECIPIENT SHOULD CONSULT HIS OR HER OWN TAX ADVISOR. RECIPIENT ACKNOWLEDGES THAT HE OR SHE IS NOT
RELYING ON THE COMPANY FOR ANY TAX, FINANCIAL OR LEGAL ADVICE. IT IS SPECIFICALLY UNDERSTOOD BY
THE RECIPIENT THAT NO REPRESENTATIONS ARE MADE AS TO ANY PARTICULAR TAX TREATMENT WITH RESPECT TO
THIS AWARD. To the extent that the receipt of the Restricted Shares or the lapse of any Forfeiture
Restrictions results in compensation income to Recipient for federal, state or foreign income tax
purposes, the Company may withhold the number of whole Restricted Shares having a market value
(based on the closing price of the Company’s common stock on the Grant Date or the Certification
Date, as applicable) equal to any tax required to be withheld by reason of such compensation
income. The Company is also authorized to withhold from Recipient’s payroll check any additional
funds to make up the difference between the required tax withholding amount and the value of the
whole Restricted Shares calculated in the preceding sentence, or require payment of such amount
from Recipient, such that the Company does not have to withhold a fractional Restricted Share for
tax withholding purposes.

     5. Status of Stock. The Restricted Shares issued under this Agreement will not be
sold or otherwise disposed of in any manner that would constitute a violation of any applicable
federal or state securities laws. The certificates, if any, representing the Restricted Shares may
bear such legend or legends as the Committee deems appropriate in order to reflect the Forfeiture
Restrictions and to assure compliance with applicable securities laws. The Company may refuse to
register the transfer of the Restricted Shares on the stock transfer records of the Company if such
proposed transfer would constitute a violation of the Forfeiture Restrictions, this Agreement or,
in the opinion of counsel satisfactory to the Company, of any applicable securities law. The
Company may give related instructions to its transfer agent, if any, to stop registration of the
transfer of the Restricted Shares in violation of this Agreement or any applicable law.

     6. Obligations Upon Termination of Employment. In connection with Recipient’s
employment by the Company, the Company or an affiliate thereof shall provide Recipient with access
to the confidential information of the Company and its affiliates, or shall provide Recipient the
opportunity to develop business good will inuring to the benefit of the Company and its affiliates,
or shall entrust business opportunities to Recipient. Recipient has agreed, and hereby agrees, as
specified in more detail in the Employment Agreement and/or Recipient’s Invention and
Non-Disclosure Agreement with the Company, to maintain the confidentiality of the Company’s and its
affiliates’ information and to exercise the highest measures of fidelity and loyalty in the
protection and preservation of the Company’s and its affiliates’ goodwill and business
opportunities. As part of the consideration for the Restricted Shares, to protect the Company’s
and its affiliates’ confidential information, the business good will of the Company and its
affiliates that has been and will in the future be developed in Recipient, and the business
opportunities that have been and will in the future be disclosed or entrusted to Recipient by the
Company and its affiliates, and as an additional

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incentive for the Company and Recipient to enter into this Agreement, the Company and Recipient
agree that if, during the term of Recipient’s employment with the Company or its affiliates or
within a 12-month period (or such longer period, if any, as required for non-competition by
Recipient under the terms of his or her Employment Agreement) following the date upon which
Recipient terminates employment with the Company (the “Restrictive Period”), Recipient fails for
any reason to comply with any of the restrictive covenants set forth in the Employment Agreement
(as in effect on the original effective date of the Employment Agreement), then the Company shall
be entitled to recover from Recipient, and Recipient shall pay to the Company, an amount of money
equal to A multiplied by B, where A equals the value (determined as of the date the
Forfeiture Restrictions lapse) of the Restricted Shares with respect to which the Forfeiture
Restrictions lapse during the one-year period preceding (and including) the date of Recipient’s
termination of employment with the Company and its affiliates, and B equals the fraction X
divided by Y, where X equals the number of days in the Restrictive Period minus the
number of consecutive days following Recipient’s termination of employment with the Company during
which Recipient remained in compliance with the restrictive covenants set forth in the Employment
Agreement, and Y equals the number of days in the Restrictive Period.

     If any of the restrictions set forth in this Section 6 are found by a court to be
unreasonable, or overly broad in any manner, or otherwise unenforceable, the parties hereto intend
for such restrictions to be modified by the court so as to be reasonable and enforceable and, as so
modified, to be fully enforced.

     7. Employment Relationship. For purposes of this Agreement, Recipient shall be
considered to be in the employment of the Company as long as Recipient remains an employee of
either the Company, an affiliate of the Company, a parent or subsidiary corporation (as defined in
section 424 of the Internal Revenue Code of 1986, as amended) of the Company, or a successor
corporation. Nothing in the adoption of the Plan, nor the award of the Restricted Shares
thereunder pursuant to this Agreement, shall confer upon Recipient the right to continued
employment by the Company or any of its affiliates or affect in any way the right of the Company to
terminate such employment at any time. Unless otherwise specifically provided in a written
employment agreement or by applicable law, Recipient’s employment by the Company shall be on an
at-will basis, and the employment relationship may be terminated at any time by either Recipient or
the Company for any reason whatsoever, with or without cause. Any question as to whether and when
there has been a termination of Recipient’s employment with the Company, and the cause of such
termination, shall be determined by the Committee, and its determination shall be final.

     8. Notices. Any notices or other communications provided for in this Agreement shall
be sufficient if in writing. In the case of Recipient, such notices or communications shall be
effectively delivered if hand delivered to Recipient at his principal place of employment or if
sent by registered or certified mail to Recipient at the last address Recipient has filed with the
Company. In the case of the Company, such notices or communications shall be effectively delivered
if sent by registered or certified mail to the Company at its principal Recipient offices.

     9. Entire Agreement; Amendment. This Agreement replaces and merges all previous

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agreements and discussions relating to the same or similar subject matters between Recipient and
the Company and constitutes the entire agreement between Recipient and the Company with respect to
the subject matter of this Agreement. This Agreement may not be modified in any respect by any
verbal statement, representation or agreement made by any employee, officer, or representative of
the Company or by any written agreement unless signed by an officer of the Company who is expressly
authorized by the Company to execute such document.

     10. Binding Effect; Controlling Document. This Agreement shall be binding upon and
inure to the benefit of any successors to the Company and all persons lawfully claiming under
Recipient. In the event of a conflict between the text of this Agreement and the Employment
Agreement, the text of this Agreement shall control.

     11. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF TEXAS, UNITED STATES OF AMERICA, APPLICABLE TO CONTRACTS MADE AND TO
BE PERFORMED IN SUCH STATE WITHOUT GIVING EFFECT TO THE PRINCIPLES OF CONFLICTS OF LAWS.

10exv10w44

 

Exhibit 10.44

February 6, 2006

Dear Gabrielle,

Congratulations! Please accept our offer to become part of EA’s rich game making history and
future.

I am pleased to offer you a regular full-time position with Electronic Arts as Senior Vice
President, Human Resources commencing on February 20, 2006 at a base salary of $29,166.67 per month
[or $350,000.00 annualized], minus applicable deductions. You will be reporting to me, Larry
Probst.

For your information, I have enclosed several documents that will provide an introduction to life
at EA, including an overview of our benefits programs and EA’s Global Code of Conduct. Other EA
policies and procedures are on EA’s intranet and will be reviewed with you at orientation.

You will also be eligible to participate in our discretionary bonus program. This discretionary
bonus is typically determined at the end of our fiscal year (March) and is prorated for your months
of employment. You need to be employed by EA by January 14th of our Fiscal Year to be eligible for
a bonus in this fiscal year. Your discretionary bonus target will be 60% of your salary. To
receive payment of your bonus you must be employed by Electronic Arts at the time any bonuses are
paid. In addition, EA reviews performance and compensation levels annually, and it currently
makes merit adjustments in February of each year. To be eligible for a merit increase at next
February’s review, you must commence employment by September 30th of the previous calendar year.

I am recommending to the Compensation Committee that you be granted two Non-Qualified Options to
purchase a total of 95,000 shares of Electronic Arts common stock in accordance with our 2000
Equity Incentive Plan. These options will be granted and priced on your date of hire and will be
subject to the terms and conditions of the 2000 Equity Incentive Plan and the written agreement
governing your stock options. They will vest in accordance with the following vesting schedule:
(1) the option to purchase 70,000 shares will first vest and become exercisable as to 24% of the
underlying shares, 12 months from the grant date; and will then vest as to an additional 2% of the
underlying shares on the first calendar day of each month thereafter for 38 months; (2) the option
to purchase 25,000 shares will first vest and become exercisable as to 100% of the underlying
shares on the four-year anniversary of the grant date. In addition, I am recommending that you be
granted 10,000 Restricted Stock Units (RSUs) under the 2000 Equity Incentive Plan. Subject to the
terms and conditions of the 2000 Equity Incentive Plan and the written agreement governing your
grant, the RSUs will vest in 25% increments annually on each of the first and second anniversaries
of the original grant date, with the remaining 50% of the RSUs vesting on the third anniversary of
the original grant date.

If you have any questions about this offer or about your eligibility to participate in or to be
covered by any of the described benefits, please call Beth Steinberg, Director of Human Resources.

In the course of your work, you will have access to proprietary materials and concepts. Our offer
is contingent on your signing Electronic Arts’ New Hire/ Proprietary Information Agreement. Two
copies are enclosed for signature (please keep one for your own records).

This offer letter contains the entire understanding between you and Electronic Arts as to the terms
of your offer of employment and specifically supersedes all previous discussions you may have had
with anyone at Electronic Arts regarding those terms.

 

 

Gabrielle Toledano

February 6, 2006

Page 2

Should you accept this offer, please plan on attending the Get in the Game Orientation to be held
on your first Monday at 9:00 a.m. Please complete and bring the forms in the attached package.

This offer of employment is made contingent upon your providing Electronic Arts with proof that you
have the legal right to work in the United States. This will be handled as part of your orientation
process.

In addition, EA will conduct a background check pursuant to a written notice you will receive under
separate cover, and this offer of employment is contingent upon the results of such check being
acceptable to EA.

This offer of employment is valid through February 8, and if not accepted by then, we will assume
that you have declined the offer. If you accept this offer, please sign below and return both
pages of the original offer letter to Andrew Dahlkemper, in Human Resources in the enclosed
envelope, and we can begin your orientation to EA. Please keep a copy for yourself.

Electronic Arts’ goal is to become the “Greatest Entertainment Company...EVER!” We will do this by
focusing on our key strategic objectives, identified on our annual Roadmap. Please join our team
of EA Game Makers in this mission, and help us be the place where GREAT people create and deliver
GREAT games.

If you have any questions regarding this offer, please feel free to contact me.

Sincerely,

/s/ Lawrence F. Probst III

Lawrence F. Probst III

Chairman & CEO

Electronic Arts

Enclosures

	 	 	 
	Accepted by candidate:

	 	Date:
	 
	 	 
	/s/ Gabrielle Toledano

	 	2/10/06

Anticipated Start Date: 2/20/06

cc: Beth Steinberg (for distribution to Personnel File)

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