Document:

Form of Option Agreement, as amended October 15, 2010

 Exhibit 10.12 
 OPTION AGREEMENT 
 (UNITED STATES) 

THIS OPTION AGREEMENT (this “Agreement”) dated as of [TO COME] (“Grant Date”), is between VMware, Inc., a
Delaware corporation (the “Company”), and [TO COME] (the “Participant”), relating to options granted under the VMware, Inc. 2007 Equity and Incentive Plan (the “Plan”). Capitalized terms used in this Agreement
without definition shall have the meaning ascribed to such terms in the Plan. 
 1. Grant of Equity Option, Equity Option Price and
Term. 
  

	 	(a)	The Company grants to the Participant an option (the “Option”) to purchase [TO COME] shares of Stock, at a price of $[TO COME] per share,
subject to the provisions of the Plan and the terms and conditions herein. The Option is not an incentive stock option within the meaning of Section 422 of the Code. 

 

	 	(b)	The term of this Option shall be a maximum period of six (6) years from the Grant Date (the “Option Period”). The Vesting Commencement Date shall be
            , 201  . During the Option Period, the Option shall be exercisable as of the date set forth below according to the percentage set forth opposite such
date, subject to the Participant’s continued employment with the Company, a Subsidiary, the Parent or an Affiliate in which the Company and/or Parent hold, directly or indirectly, at least 80% of the equity or voting interest through each
vesting date: 

  

			
	 Date
	  	 Cumulative Percentage Exercisable

	 18 months following the Vesting

Commencement Date
	  	37.5%
		
	 Monthly, commencing 19 months

following the Vesting Commencement

Date, until fully vested
	  	 2.0833 (rounded down to the

nearest whole share)%

  

	 	(c)	 Notwithstanding the foregoing, unless otherwise determined by the Committee in its sole discretion, in the event the Participant incurs a termination
of employment for any reason whatsoever such that the Participant is no longer employed by any of the Company, the Subsidiaries, the Parent or an Affiliate in which the Company and/or Parent hold, directly or indirectly, at least 80% of the equity
or voting interest, then the Option, to the extent not otherwise exercisable shall terminate and to the extent exercisable at the time of such termination, may be exercised for the lesser of ninety (90) days from the date of such termination of
employment or the remainder of the Option Period, unless such termination is (i) for Cause, in which case the Option will terminate immediately or (ii) due to the Participant’s death or disability (as defined under the applicable
long-term disability plan of the Company, Subsidiary, Parent or Affiliate or, if there is no such plan, as determined by the Committee), in which case the Option shall become 100% exercisable and may be exercised for three (3) years from the
date of such termination of employment or if earlier, the remainder of the Option 

	 	 
Period. If the exercise of the Option within the applicable time period set forth in this Section 1(c) is prevented by the provisions of Section 7(j) of the Plan, the Option shall
remain exercisable until one (1) month after the date the Participant is notified by the Company that the Option is exercisable, but in any event no later than the Option Period. The occurrence of any of the following, as reasonably determined
by the Company in good faith, shall constitute “Cause,” provided that the Participant has been given notice by the Company of the existence of Cause and, if the existence of Cause is curable, a reasonable opportunity to cure the existence
of such Cause: 

  

	 	(i)	willful neglect, failure or refusal by the Participant to perform his or her employment duties (except resulting from the Participant’s incapacity due to illness)
as reasonably directed by his or her employer; 

  

	 	(ii)	willful misconduct by the Participant in the performance of his or her employment duties; 

 

	 	(iii)	the Participant’s indictment for a felony (other than traffic related offense) or a misdemeanor involving moral turpitude; or 

 

	 	(iv)	the Participant’s commission of an act involving personal dishonesty that results in financial, reputational, or other harm to the Company and its affiliates and
subsidiaries, including, but not limited to, an act constituting misappropriation or embezzlement of property. 

  

	 	(d)	Unless otherwise determined by the Committee, the Option granted hereunder is not transferable by the Participant except by will or the laws of descent and
distribution. 

  

	 	(e)	The Company shall not be required to issue any fractional shares of Stock pursuant to this Option. 

2. Exercise.  
  

	 	(a)	 Unless otherwise determined by the Committee, the Option shall be exercisable during the Participant’s lifetime only by the Participant (or his or
her legal representative), and after the Participant’s death only by the Participant’s legal representative. The Option may only be exercised by the delivery to the Company of a properly completed written notice, in form specified by the
Committee or its designee, which notice shall specify the number of shares of Stock to be purchased and the aggregate exercise price for such shares, together with payment in full of such aggregate exercise price. Payment shall be made in the manner
permitted in Section 6(b)(i)(B) of the Plan or as authorized by the Committee pursuant to such section. The Option may not be exercised unless the Participant agrees to be bound by such documents as the Committee may reasonably require,
including, if the Option is exercised prior to an IPO (as defined below), a stockholder’s agreement. The Committee may deny any exercise permitted hereunder if the Committee determines, in its discretion, that

  
 2 

	 	 
such exercise could result in a violation of federal or state securities laws. 

  

	 	(b)	Upon the expiration of the Option Period, if the Option has not yet been exercised and if the Fair Market Value of a share of Stock on the expiration date of the Option
Period is greater than the exercise price per share of the Option, then the Company shall effectuate an exercise of the Option whereby the Option is simultaneously exercised and shares of Stock thereby acquired are sold, pursuant to a brokerage or
similar arrangement, to use some of the proceeds from such sale as payment of the exercise price and applicable withholding taxes. Remaining shares of Stock upon such exercise shall then be issued to the Participant (or his or her legal
representative). 

 3. Payment of Withholding Taxes. If the Company or any other Subsidiary is obligated to
withhold an amount on account of any tax imposed as a result of the exercise of the Option, the Participant shall be required to pay such amount to the Company prior to delivery of shares of Stock. 

4. Plan. The Option is granted pursuant to the Plan, and the Option and this Agreement are in all respects governed by the Plan (the
terms of which are incorporated herein by reference) and subject to all of the terms and provisions thereof, except as otherwise set forth herein. The Participant shall be entitled to receive financial statements of the Company if and to the extent
required in order to comply with applicable law. 
 5. Employment Rights. No provision of this Agreement or of the Option
granted hereunder shall give the Participant any right to continue in the employ of the Company, a Subsidiary or the Parent, create any inference as to the length of employment of the Participant, affect the right of an employer to terminate the
employment of the Participant, with or without Cause, or give the Participant any right to participate in any employee welfare or benefit plan or other program (other than the Plan). 
 6. Governing Law. This Agreement and the Option granted hereunder shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware (other than
its laws respecting choice of law). 
 7. Waiver; Cumulative Rights. The failure or delay of either party to require
performance by the other party of any provision hereof shall not affect its right to require performance of such provision unless and until such performance has been waived in writing. Each and every right hereunder is cumulative and may be
exercised in part or in whole from time to time. 
 8. Notices. Any notice which either party hereto may be required or
permitted to give the other shall be in writing and may be delivered personally or by mail, postage prepaid, addressed to the Company, at the addressed provided below, and the Participant at his address as shown on the Company’s payroll
records, or to such other address as the Participant, by notice to the Company, may designate in writing from time to time. 
  

			
	     To the Company:	 	VMware, Inc.
		 	3401 Hillview Avenue

  
 3 

			
		 	Palo Alto, CA 94304
		 	Attention: Stock Administrator

 9.
Complete Agreement. This Agreement, those documents expressly referred to herein, and the Plan embody the complete agreement and understanding among the parties and supersede and preempt any prior understandings, agreements or
representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way. 

  
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 Unless the Participant notifies the Company within ten (10) days following receipt of
this Agreement that he or she declines this Award, the Participant will be deemed to have accepted and agreed to the terms and conditions of this Agreement and the Plan. The Participant acknowledges receipt of a copy of the Plan and represents that
he or she is familiar with the terms and provisions thereof, which are incorporated herein by reference. 
 IN WITNESS
WHEREOF, the Company has caused this Agreement to be duly executed by an officer thereunto duly authorized, and the Participant has hereunto set his hand, all as of the day and year first above written. 

 

			
	On Behalf of the Company:	  	Participant:Form of Restricted Stock Unit Agreement, as amended October 15, 2010

 Exhibit 10.13 
 VMWARE, INC. 
 2007 EQUITY AND INCENTIVE PLAN 

RESTRICTED STOCK UNIT AGREEMENT 
 I. NOTICE OF GRANT 
 Unless otherwise defined herein, the terms defined
in the VMware, Inc. 2007 Equity and Incentive Plan (the “Plan”) will have the same defined meanings in this notice of grant (“Notice of Grant”) and Restricted Stock Unit agreement (“Agreement”). 

 

							
		 	Name:	  	(“Participant”)	  	
				
		 	Address:	  	  
	  	
		 		  	  
	  	

 The Participant has been granted an Award of Restricted Stock Units (“RSUs”). Each RSU
represents the right to receive one share of Stock, subject to the terms and conditions of this Notice of Grant, the Plan and this Agreement, as follows: 
  

							
		 	Grant Number:	 	  
	 	
				
		 	Date of Grant:	 	  
	 	
				
		 	Vesting Commencement Date:	 	  
	 	
				
		 	Number of RSUs:	 	  
	 	

 Vesting Schedule: 
 [VESTING SCHEDULE TO BE REVISED FOR EACH EMPLOYEE] [37.5% of the total Number of RSUs shall vest on the eighteen month anniversary of the Vesting Commencement Date and 12.5% vests on each subsequent six
month anniversary], subject to the Participant’s continuing employment with the Company, any Subsidiary, the Parent or an Affiliate in which the Company and/or Parent hold, directly or indirectly, at least 80% of the equity or voting interest
through each vesting date. 

 Form of Time-Vested RSU Agreement 

for US Employees 
  

 II. AGREEMENT 
 1. Grant of the RSUs. The Company has granted the Participant the number of RSUs set forth in the Notice of Grant. However, unless and until the RSUs will have vested, the Participant will have no
right to the payment or receipt of any Stock subject thereto. Prior to actual payment or receipt of any Stock, the RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

 2. Vesting of RSUs. Subject to Section 4, the Participant will vest in the RSUs in accordance with the vesting
schedule set forth in the Notice of Grant; provided, that, in the event the Participant incurs a termination of employment for any reason other than due to the Participant’s death or “disability” (as defined under the applicable
long-term disability plan of the Company, Subsidiary, Parent or Affiliate, or, if there is no such plan, as determined by the Board or the Committee (each, the “Administrator”)), such that the Participant is no longer employed by the
Company, any Subsidiary, the Parent or an Affiliate in which the Company and/or Parent hold, directly or indirectly, at least 80% of the equity or voting interest, the Participant’s right to vest in the RSUs and to receive the Stock related
thereto will terminate effective as of the date that Participant ceases to be so employed and thereafter, the Participant will have no further rights to such unvested RSUs or the related Stock. In such case, any unvested RSUs held by the Participant
immediately following such termination of employment shall be deemed reconveyed to the Company and the Company shall thereafter be the legal and beneficial owner of the unvested RSUs and shall have all the rights and interest in or related thereto
without further action by the Participant. In the event that the Participant’s employment is terminated by reason of death or disability, then any unvested portion of the RSUs shall automatically accelerate and the Participant shall become
fully vested in the RSUs upon termination of employment by reason of death or disability. In all cases, the date of termination of employment shall be determined in the sole discretion of the Administrator. 

3. Issuance of Stock. No Stock shall be issued to the Participant prior to the date on which the RSUs vest. After any RSUs vest
and subject to the terms of this Agreement, including without limitation Section 6 hereof, the Company shall cause to be issued (either in book-entry form or otherwise) to the Participant or the Participant’s beneficiaries, as the case may
be, that number of shares of Stock corresponding to the number of such vested RSUs as soon as administratively practicable following vesting, but in no event shall the issuance of such shares be made subsequent to March 15th of the year
following the year in which the shares vested. No fractional shares of Stock shall be issued under this Agreement. Notwithstanding any provision in the Plan to the contrary, the RSUs shall be settled only in shares of Stock. 

4. Administrator Discretion. The Administrator, in its discretion, may accelerate the vesting of the balance, or some lesser
portion of the balance, of the RSUs at any time, subject to the terms of the Plan. If so accelerated, such RSUs will be considered as having vested as of the date specified by the Administrator. 

5. Death of Participant. Any distribution or delivery to be made to the Participant under this Agreement will, if the Participant
is then deceased, be made to the administrator or executor of the Participant’s estate. Any such administrator or executor must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence
satisfactory 

  
 2 

 Form of Time-Vested RSU Agreement 

for US Employees 
  

 
to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer. 

6. Taxes. 
 (a) Generally. The Participant is ultimately liable and responsible for all taxes owed in connection with the RSU, regardless of any action the Company or any of its Subsidiaries takes with respect
to any tax withholding obligations that arise in connection with the RSU. Neither the Company, the Parent nor any of Subsidiaries makes any representation or undertaking regarding the treatment of any tax withholding in connection with the grant or
vesting of the RSU or the subsequent sale of Stock issuable pursuant to the RSU. The Company, the Parent and the Subsidiaries do not commit and are under no obligation to structure the RSU to reduce or eliminate the Participant’s tax liability.

 (b) Payment of Withholding Taxes. Notwithstanding any contrary provision of this Agreement, no Stock will be issued
to the Participant, unless and until satisfactory arrangements (as determined by the Administrator) will have been made by the Participant with respect to the payment of any taxes which the Company determines must be withheld with respect to the
RSUs. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may satisfy such tax withholding obligations, in whole or in part, by withholding otherwise deliverable Stock having an aggregate
Fair Market Value sufficient to (but not exceeding) the minimum amount required to be withheld and/or by the sale of shares of Stock to generate sufficient cash proceeds to satisfy any such tax withholding obligation. The Participant hereby
authorizes the Administrator to take any steps as may be necessary to effect any such sale and agrees to pay any costs associated therewith, including without limitation any applicable broker’s fees. In addition, and to the maximum extent
permitted by law, the Company may exercise the right to retain, without notice, from salary or other amounts payable to the Participant, cash having a value sufficient to satisfy any tax withholding obligations that cannot be satisfied by the
withholding and/or sale of otherwise deliverable shares of Stock. 
 7. Changes in Stock. In the event that any
extraordinary dividend or other extraordinary distribution (whether in the form of cash, Stock, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, spin-off, combination,
repurchase, or exchange of Stock or other securities of the Company, or other similar corporate transaction or event affecting the Stock occurs such that an adjustment or change is determined by the Administrator (in its sole discretion) to be
necessary or appropriate, the Administrator shall proportionately adjust this Award in accordance with the terms of the Plan, including adjustments in the number and kind of shares of Stock or other property the Participant would have received upon
vesting of the RSUs; provided, however, that the number of shares of Stock into which the RSUs may be converted shall always be a whole number. 
 8. Rights as Stockholder. Neither the Participant nor any person claiming under or through the Participant will have any of the rights or privileges of a stockholder of the Company in respect of
any Stock deliverable hereunder unless and until certificates representing such Stock (which may be in book entry form) will have been issued and recorded on the records of the Company or its transfer agents or registrars, and delivered to the
Participant (including 

  
 3 

 Form of Time-Vested RSU Agreement 

for US Employees 
  

 
through electronic delivery to a brokerage account). After such issuance, recordation and delivery, the Participant will have all the rights of a stockholder of the Company with respect to voting
such Stock and receipt of dividends and distributions on such Stock. 
 9. No Effect on Employment. The transactions
contemplated hereunder and the vesting schedule set forth in the Notice of Grant do not: (i) constitute an express or implied promise of continued employment for any period of time, (ii) interfere with right of the Company, the Parent or
any Subsidiary right to terminate the Participant’s employment at any time in accordance with applicable law, or (iii) entitle the Participant to pay additional rights under the Plan or under any other welfare or benefit plan of the
Company, the Parent or any Subsidiary. 
 10. Black Out Periods. The Participant acknowledges that, to the extent the
vesting of any RSUs occurs during a “blackout” period wherein certain employees, including the Participant, are precluded from selling Stock, the Administrator retains the right, in its sole discretion, to defer the delivery of the Stock
pursuant to the RSU; provided, however, that the Administrator shall not exercise its right to defer the Participant’s receipt of such Stock if such shares of Stock are specifically covered by a Rule 10b5-1 trading plan of the Participant
which causes such shares to be exempt from any applicable blackout period then in effect. In the event the receipt of any shares of Stock is deferred hereunder due to the existence of a regularly scheduled blackout period, such shares shall be
issued to the Participant on the first day following the termination of such regularly scheduled blackout period; provided, however, that in no event shall the issuance of such shares be deferred subsequent to March 15th of the year following
the year in which the shares otherwise would have been issued. In the event the receipt of any shares of Stock is deferred hereunder due to the existence of a special blackout period, such shares shall be issued to the Participant on the first day
following the termination of such special blackout period as determined by the Company’s General Counsel or his or her delegatee; provided, however, that in no event shall the issuance of such shares be deferred subsequent to March 15th of
the year following the year in which such shares otherwise would have been issued. Notwithstanding the foregoing, any deferred shares of Stock shall be issued promptly to the Participant prior to the termination of the blackout period in the event
the Participant ceases to be subject to the blackout period. The Participant hereby represents that he or she accepts the effect of any such deferral under relevant federal, state and local tax laws or otherwise. 

11. Award is Not Transferable. Except to the limited extent provided in Section 5 above, this Award of RSUs and the rights
and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way by the Participant (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until
the Participant has been issued the Stock. Upon any attempt by the Participant to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution,
attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void. The terms of this Agreement shall be binding upon the Participant’s executors, administrators, heirs, successors and
any permitted transferees. 

  
 4 

 Form of Time-Vested RSU Agreement 

for US Employees 
  

 12. Entire Agreement. This Agreement, subject to the terms and conditions of the
Plan and the Notice of Grant, represents the entire agreement between the parties with respect to the RSUs. 
 13. Binding
Agreement. Subject to the limitation on the transferability of this Award contained herein, this Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto.

 14. Additional Conditions to Issuance of Certificates for Stock. The Company shall not be required to issue any
certificate or certificates for Stock hereunder prior to fulfillment of all the following conditions: (a) the admission of such Stock to listing on all stock exchanges on which such class of stock is then listed; (b) the completion of any
registration or other qualification of such Stock under any state, federal or foreign law or under the rulings or regulations of the Securities and Exchange Commission or any other governmental regulatory body, which the Administrator shall, in its
absolute discretion, deem necessary or advisable; (c) the obtaining of any approval or other clearance from any state, federal or foreign governmental agency, which the Administrator shall, in its absolute discretion, determine to be necessary
or advisable; and (d) the lapse of such reasonable period of time following the date of vesting of the RSUs as the Administrator may establish from time to time for reasons of administrative convenience. 

15. Plan Governs. This Agreement is subject to all terms and provisions of the Plan. In the event of a conflict between one or
more provisions of this Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. 
 16.
Administrator Authority. The Administrator will have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or
revoke any such rules. All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon the Participant, the Company and all other interested persons. No member of the Administrator
will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement. 
 17. Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction of this Agreement. 

18. Definitions. In the event that the term “Cause” is not defined in an employment agreement entered into by the
Participant, the occurrence of any of the following, as reasonably determined by the Company or the Administrator in good faith, shall constitute “Cause,” provided that the Participant has been given notice by the Company of the existence
of Cause and, if the existence of Cause is curable, a reasonable opportunity to cure the existence of such Cause: 
 (i)
willful neglect, failure or refusal by the Participant to perform his or her employment duties (except resulting from the Participant’s incapacity due to illness) as reasonably directed by his or her employer; 

  
 5 

 Form of Time-Vested RSU Agreement 

for US Employees 
  

 (ii) willful misconduct by the Participant in the performance of his or her employment
duties; 
 (iii) the Participant’s indictment for a felony (other than traffic related offense) or a misdemeanor involving
moral turpitude; or 
 (iv) the Participant’s commission of an act involving personal dishonesty that results in
financial, reputational, or other harm to the Company and its affiliates and subsidiaries, including, but not limited to, an act constituting misappropriation or embezzlement of property. 

19. Agreement Severable. In the event that any provision in this Agreement will be held invalid or unenforceable, such provision
will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Agreement. 
 20. Notice of Governing Law. This Agreement will be governed by the internal substantive laws, but not the choice of law rules of the State of Delaware. 

21. Waiver; Cumulative Rights. The failure or delay of either party to require performance by the other party of any provision
hereof shall not affect its right to require performance of such provision unless and until such performance has been waived in writing. Each and every right hereunder is cumulative and may be exercised in part or in whole from time to time.

 22. Notices. Any notice which either party hereto may be required or permitted to give the other shall be in writing
and may be delivered personally or by mail, postage prepaid, addressed to the Company, at the address provided below, and the Participant at his or her address as shown on the Company’s, Parent’s or any Subsidiary’s payroll records,
or to such other address as the Participant, by notice to the Company, may designate in writing from time to time. 
  

					
	To the Company:	    	VMware, Inc.	  	
		    	3401 Hillview Avenue	  	
		    	Palo Alto, CA 94304	  	
		    	Attention: Stock Administrator	  	

  
 6 

 Form of Time-Vested RSU Agreement 

for US Employees 
  

 Unless the Participant notifies the Company within ten (10) days following receipt
of this Agreement that he or she declines this Award, the Participant will be deemed to have accepted and agreed to the terms and conditions of this Agreement and the Plan. The Participant acknowledges receipt of a copy of the Plan and represents
that he or she is familiar with the terms and provisions thereof, which are incorporated herein by reference. 
  

			
	PARTICIPANT	 	VMWARE, INC.
		
		 	
	  
 Signature
	 	  
 By

		
		 	
	  
 Print Name
	 	  
 Title

		
		 	
	Date:             , 2007	 	Date:             , 2007

  
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