Document:

exv10w6

EXHIBIT
10.6

EMULEX CORPORATION

AMENDED AND RESTATED 2005 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

FOR NON-U.S. GRANTEES

     This Restricted Stock Unit Award Agreement (this “Agreement”) is made and entered into
effective as of the grant date (the “Grant Date”) set forth in the Notice of Grant of Award
attached hereto (the “Notice”), by and between Emulex Corporation, a Delaware corporation (the
“Company”), and the Employee (“Grantee”) named in the Notice.

     Pursuant to the Emulex Corporation Amended and Restated 2005 Equity Incentive Plan (the
“Plan”), the Administrator of the Plan has authorized the grant (the “Award”) to Grantee of
restricted stock units (“Restricted Stock Units”) upon the terms and subject to the conditions set
forth in this Agreement, in any appendix to this Agreement for Grantee’s country (the “Appendix”)
and in the Plan. Capitalized terms not otherwise defined herein shall have the meanings ascribed
to them in the Plan.

     NOW, THEREFORE, in consideration of the premises and the benefits to be derived from the
mutual observance of the covenants and promises contained herein and other good and valuable
consideration, the sufficiency of which is hereby acknowledged, the parties hereto agree as
follows:

     1. Basis for Award. This Award is made pursuant to the Plan for valid consideration provided
to the Company by Grantee. By Grantee’s execution of the Notice, Grantee agrees to the terms and
conditions of the Restricted Stock Units set forth in the Plan, the Notice and this Agreement
(including the Appendix).

     2. Restricted Stock Unit Award. Each Restricted Stock Unit represents the right to receive
one (1) share of the common stock of the Company (the “Common Stock”) upon vesting. Grantee shall
have none of the rights of a shareholder with respect to shares of Common Stock underlying the
Award, including the right to vote the shares of Common Stock and to receive dividends thereon,
unless and until such shares of Common Stock are reflected as issued and outstanding shares on the
Company’s stock ledger.

     3. Vesting. The Restricted Stock Units shall vest according to the vesting schedule set forth
in the Notice. If Grantee ceases Continuous Service for any reason (including, without limitation,
termination of employment or service by the Company, resignation by Grantee, or Grantee’s death or
Disability), all unvested Restricted Stock Units shall be canceled immediately, as further
described in Section 7(l) below. The Administrator may accelerate vesting of the Restricted Stock
Units in such circumstances as it, in its sole discretion, may determine, consistent with the terms
of the Plan.

     4. Conversion of Units and Issuance of Shares. Upon each vesting date, one (1) share of
Common Stock shall become issuable for each Restricted Stock Unit that vests on such date. Within
five (5) days thereafter, upon satisfaction of the Tax-Related Items (as defined in Section 6
below), the Company will transfer to Grantee the number of shares of Common Stock with respect to
which the restrictions have lapsed. Prior to the date upon which all Restricted Stock Units have
fully vested (the “Final Vesting Date”), any fractional Restricted Stock Unit shall be carried
forward to the next partial vesting date. On each subsequent partial vesting date, including the
Final Vesting Date, any fractional Restricted Stock Units shall be aggregated into whole Restricted
Stock Units and such whole Restricted Stock Units shall be converted into shares of Common Stock
pursuant to the terms hereof. Any fractional Restricted Stock Unit remaining after the Award
becomes fully vested shall be settled in cash, unless otherwise provided herein.

     5. Compliance with Laws and Regulations. The issuance and transfer of shares of Common Stock
shall be subject to compliance by the Company and Grantee with all applicable requirements of U.S.
federal and state securities laws, with any applicable local securities laws, with all applicable
requirements of any stock exchange on which the Company’s Common Stock may be listed at the time of
such issuance or transfer, and with other applicable laws and regulations governing the Award.

 

 

     6. Tax Obligations. Regardless of any action the Company or Grantee’s employer (the
“Employer”) takes with respect to any or all income tax, social insurance, payroll tax, payment on
account or other tax-related items related to Grantee’s participation in the Plan and legally
applicable to Grantee (“Tax-Related Items”), the Grantee acknowledges that the ultimate liability
for all Tax-Related Items is and remains his or her responsibility and may exceed the amount
actually withheld by the Company or the Employer. The Grantee further acknowledges that the
Company and the Employer (a) make no representations or undertakings regarding the treatment of any
Tax-Related Items in connection with any aspect of the Restricted Stock Units, the issuance of
shares of Common Stock upon vesting of the Restricted Stock Units, the subsequent sale of shares of
Common Stock acquired pursuant to such issuance and the receipt of any dividends or dividend
equivalents; and (b) do not commit to and are under no obligation to structure the terms of the
Award or any aspect of the Restricted Stock Units to reduce or eliminate Grantee’s liability for
Tax-Related Items or achieve any particular tax result. Further, if Grantee has become subject to
tax in more than one jurisdiction between the Grant Date and the date of any relevant taxable
event, Grantee acknowledges that the Company or the Employer (or former employer, as applicable)
may be required to withhold or account for Tax-Related Items in more than one jurisdiction.

     Prior to any relevant taxable or tax withholding event, as applicable, Grantee will pay or
make adequate arrangements satisfactory to the Company and the Employer to satisfy all Tax-Related
Items. In this regard, Grantee authorizes the Company and the Employer, or their respective
agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one
or a combination of the following:

	 	(i)	 	requiring Grantee to tender a cash payment to the Company or the Employer in
the amount of the Tax-Related Items;
	 
	 	(ii)	 	withholding from Grantee’s wages or other cash compensation paid to Grantee by
the Company and the Employer;
	 
	 	(iii)	 	withholding from proceeds of the sale of shares of Common Stock acquired upon
vesting of the Restricted Stock Units either through a voluntary sale or through a
mandatory sale arranged by the Company (on Grantee’s behalf pursuant to this
authorization); and
	 
	 	(iv)	 	withholding in shares of Common Stock to be issued upon vesting of the
Restricted Stock Units.

     To avoid negative accounting treatment, the Company and the Employer may withhold or account
for Tax-Related Items by considering applicable minimum statutory withholding amounts for other
applicable withholding rates. If the obligation for Tax-Related Items is satisfied by withholding
in shares of Common Stock, for tax purposes, Grantee will be deemed to have been issued the full
number of shares of Common Stock subject to the vested Restricted Stock Units, notwithstanding that
a number of shares of Common Stock are held back solely for the purpose of paying the Tax-Related
Items due as a result of any aspect of Grantee’s participation in the Plan.

     Without limitation to the discretion reserved to the Company and the Employer with respect to
which withholding method to use to satisfy the obligations for Tax-Related Items, payment of the
Tax-Related Items by a Grantee who is an officer, director or other “insider” subject to Section
16(b) of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”) by the
withholding methods described in (iii) and (iv) above is subject to pre-approval by the
Administrator, in its sole discretion, in a manner that complies with the specificity requirements
of Rule 16b-3 under the Exchange Act, including the name of the Grantee involved in the
transaction, the nature of the transaction, the number of shares to be acquired or disposed of by
the Grantee and the material terms of the Award involved in the transaction.

     The Company may refuse to issue or deliver the shares of Common Stock or the proceeds of the
sale of shares of Common Stock, if Grantee fails to comply with Grantee’s obligations in connection
with the Tax-Related Items.

     7. Nature of the Award. In accepting the Award, Grantee acknowledges and agrees that:

2

 

          (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;

          (b) the Award of the Restricted Stock Units is voluntary and occasional and does not create
any contractual or other right to receive future grants of restricted stock units, or benefits in
lieu of restricted stock units, even if restricted stock units have been granted repeatedly in the
past;

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

          (d) Grantee’s participation in the Plan shall not create a right to further employment with
the Employer and shall not interfere with the ability of the Employer to terminate Grantee’s
employment relationship at any time;

          (e) Grantee is voluntarily participating in the Plan;

          (f) the Restricted Stock Units and the shares of Common Stock subject to the Restricted Stock
Units are an extraordinary item that does not constitute compensation of any kind for services of
any kind rendered to the Company or the Employer, and which is outside the scope of Grantee’s
employment contract, if any;

          (g) the Restricted Stock Units and the shares of Common Stock subject to the Restricted Stock
Units are not intended to replace any pension rights or compensation;

          (h) the Restricted Stock Units and the shares of Common Stock subject to the Restricted Stock
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, dismissal, end of
service payments, bonuses, long-service awards, pension or retirement or welfare benefits or
similar payments, and in no event should be considered as compensation for, or relating in any way
to, past services for the Company or the Employer;

          (i) the Award of Restricted Stock Units and Grantee’s participation in the Plan will not be
interpreted to form an employment contract or relationship with the Company or the Employer;

          (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 of the Restricted Stock Units, no claim or entitlement to
compensation or damages shall arise from forfeiture of the Restricted Stock Units resulting from
termination of Grantee’s Continuous Service (for any reason whatsoever and whether or not in breach
of local labor laws) and Grantee irrevocably releases the Company and the 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, Grantee shall be deemed irrevocably to have waived his or
her entitlement to pursue such claim;

          (l) in the event of termination of Grantee’s Continuous Service (whether or not in breach of
local labor laws), Grantee’s right to vest in the Restricted Stock Units under the Plan, if any,
will terminate effective as of the date that Grantee is no longer actively employed and will not be
extended by any notice period mandated under local law (e.g., active service would not include a
period of “garden leave” or similar period pursuant to local law), and the Administrator shall have
the exclusive discretion to determine when Grantee is no longer actively employed for purposes of
the Award of Restricted Stock Units; and

          (m) the Restricted Stock Units and the benefits under the Plan, if any, will not automatically
transfer to another company in the case of a merger, take-over or transfer of liability.

     8. No Advice Regarding Grant. The Company is not providing any tax, legal or financial
advice, nor is the Company making any recommendations regarding Grantee’s participation in the Plan
or Grantee’s acquisition or sale of the underlying shares of Common Stock. Grantee is hereby
advised to consult with his or her

3

 

own personal tax, legal and financial advisors regarding Grantee’s participation in the Plan
before taking any action related to the Plan.

     9. Data Privacy. Grantee hereby explicitly and unambiguously consents to the collection, use
and transfer, in electronic or other form, of Grantee’s personal data as described in this
Agreement and any other Award materials by and among, as applicable, the Employer, the Company or
an Affiliate for the exclusive purpose of implementing, administering and managing Grantee’s
participation in the Plan.

     Grantee understands that the Company and the Employer may hold certain personal information
about Grantee, including, but not limited to, his or her 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 Restricted Stock
Units or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or
outstanding in Grantee’s favor, for the exclusive purpose of implementing, administering and
managing the Plan (“Data”).

     Grantee understands that Data will be transferred to E*TRADE Financial Corporation or such
other stock plan service provider as may be selected by the Company in the future, which is
assisting the Company with the implementation, administration and management of the Plan. Grantee
understands that the recipients of 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 from Grantee’s country. Grantee understands that he or she may request a list with the
names and addresses of any potential recipients of Data by contacting Grantee’s local human
resources representative. Grantee authorizes the Company, E*TRADE Financial Corporation 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
Data, in electronic or other form, for the sole purpose of implementing, administering and managing
Grantee’s participation in the Plan. Grantee understands that Data will be held only as long as is
necessary to implement, administer and manage his or her participation in the Plan. Grantee
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 Grantee’s local human resources
representative. Grantee understands, however, that refusing or withdrawing his or her consent may
affect Grantee’s ability to participate in the Plan. For more information on the consequences of
Grantee’s refusal to consent or withdrawal of consent, Grantee understands that he or she may
contact his or her local human resources representative.

     10. Representations and Warranties of Grantee. Grantee represents and warrants to the Company
that:

          (a) Terms of the Plan. Grantee has received a copy of the Plan, has read and
understands the Plan, the Notice and this Agreement (including the Appendix), and agrees to be
bound by their terms and conditions.

          (b) Further Documents. Grantee agrees upon request to execute any further documents
or instruments necessary or desirable in the sole determination of the Company to carry out the
purposes or intent of the Award.

     11. Compliance with Securities Laws. Grantee understands and acknowledges that,
notwithstanding any other provision of the Agreement to the contrary, the vesting and holding of
the Restricted Stock Units is expressly conditioned upon compliance with the U.S. Securities Act of
1933, as amended, and all applicable U.S. federal and state securities laws, as well as any
applicable local securities laws. Grantee agrees to cooperate with the Company to ensure
compliance with such laws.

     12. Cancellation of Unvested Stock Units. Unless otherwise provided in writing between the
Company and Grantee, if unvested Restricted Stock Units do not become vested on or before the
expiration of the period during which the applicable vesting conditions must occur, such unvested
Restricted Stock Units shall be automatically cancelled immediately upon the occurrence of the
event (including, without limitation, a termination

4

 

of Grantee’s Continuous Service) or time period after which such unvested Restricted Stock
Units may no longer become vested.

     13. Transferability. Neither the Restricted Stock Units, nor any interest therein or amount
or shares payable in respect thereof may be sold, assigned, transferred, pledged or otherwise
disposed of, alienated or encumbered, either voluntarily or involuntarily prior to vesting.

     14. Adjustments. The number of unvested Restricted Stock Units and the securities issuable
upon vesting shall be automatically adjusted to reflect any stock split, stock dividend,
recapitalization, merger, consolidation, reorganization, combination or exchanges of shares or
other similar event affecting the Company’s outstanding Common Stock subsequent to the effective
date of this Agreement.

     15. Modification. The Agreement may not be modified except in writing signed by
both parties.

     16. Plan Governs. The terms and provisions of the Plan are incorporated herein by reference,
and Grantee hereby acknowledges receiving a copy of the Plan. In the event of a conflict or
inconsistency between the terms and provisions of the Plan and the provisions of this Agreement,
the Plan shall govern and control.

     17. Interpretation. Any dispute regarding the interpretation of this Agreement shall be
submitted by Grantee or the Company to the Administrator for review. The resolution of such a
dispute by the Administrator shall be final and binding on the Company and Grantee.

     18. Entire Agreement. The Plan and the Notice are incorporated herein by reference. This
Agreement (including the Appendix), the Notice and the Plan constitute the entire agreement of the
parties and supersede all prior undertakings and agreements with respect to the subject matter
hereof.

     19. Notices. Any notice required to be given or delivered to the Company under the terms of
this Agreement shall be in writing and addressed to the Corporate Secretary of the Company at its
principal corporate offices. Any notice required to be given or delivered to Grantee shall be in
writing and addressed to Grantee at the address shown in the Company’s records. All notices shall
be deemed to have been given or delivered upon: (a) personal delivery; (b) three (3) days after
deposit in the United States mail by certified or registered mail (return receipt requested); (c)
one (1) business day after deposit with any return receipt internationally recognized express
courier (prepaid); or (d) one (1) business day after transmission by facsimile or telecopier.

     20. Successors and Assigns. The Company may assign any of its rights under this Agreement.
This Agreement shall be binding upon and inure to the benefit of the successors and assigns of the
Company. Subject to the restrictions on transfer set forth herein, this Agreement shall be binding
upon Grantee and Grantee’s heirs, executors, administrators, legal representatives, successors and
assigns.

     21. Governing Law and Choice of Venue. This Agreement shall be governed by and construed in
accordance with the laws of the State of Delaware without giving effect to its conflict of law
principles. For purposes of litigating any dispute that arises directly or indirectly from the
relationship of the parties evidenced by the Award or this Agreement, the parties hereby submit to
and consent to the exclusive jurisdiction of the State of California and agree that such litigation
shall be conducted only in the courts of Orange County, California or the federal courts for the
United States for the Central District of California, where the Award is made and to be performed.

     22. Language. If Grantee has received this Agreement or any other document related to the
Plan translated into a language other than English and if the meaning of the translated version is
different than the English version, the English version will control.

     23. Electronic Delivery and Participation. The Company may, it its sole discretion, decide to
deliver any documents related to current or future participation in the Plan by electronic means.
Grantee hereby consents to receive such documents by electronic delivery and agrees to participate
in the Plan through an on-line or electronic system established and maintained by the Company.

5

 

     24. Severability. The provisions of this Agreement are severable and if any one or more
provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the
remaining provisions shall nevertheless be binding and enforceable.

     25. Appendix. Notwithstanding any provisions in this Agreement, the Award of Restricted Stock
Units shall be subject to any special terms and conditions set forth in any Appendix to this
Agreement for Grantee’s country. Moreover, if Grantee relocates to one of the countries included
in the Appendix, the special terms and conditions for such country will apply to Grantee, to the
extent the Company determines that the application of such terms and condition is necessary or
advisable in order to comply with local law or facilitate the administration of the Plan. The
Appendix is part of this Agreement.

     26. Imposition of Other Requirements. The Company reserves the right to impose other
requirements on Grantee’s participation in the Plan, on the Restricted Stock Units and on any
shares of Common Stock acquired under the Plan, to the extent the Company determines it is
necessary or advisable in order to comply with local law or facilitate the administration of the
Plan, and to require Grantee to sign any additional agreements or undertakings that may be
necessary to accomplish the foregoing.

* * * * *

By signing the Notice, Grantee agrees to the terms and conditions set forth in this Agreement
(including the Appendix), as well as the terms and conditions set forth in the Plan.

6exv10w7

EXHIBIT
10.7

APPENDIX

EMULEX CORPORATION

AMENDED AND RESTATED 2005 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

FOR NON-U.S. GRANTEES

Terms and Conditions

This Appendix includes additional terms and conditions that govern the grant (the “Award”) of
restricted stock units (the “Restricted Stock Units”) to Grantee under the Emulex Corporation
Amended and Restated 2005 Equity Incentive Plan (the “Plan”) if Grantee resides in one of the
countries listed below. Capitalized terms not otherwise defined herein shall have the same
meanings ascribed to them in the Plan and the Restricted Stock Unit Award Agreement (the
“Agreement”), as applicable.

Notifications

This Appendix also includes information regarding exchange control and other issues of which
Grantee should be aware with respect to his or her participation in the Plan. The information is
based on the exchange control, securities and other laws in effect in the respective countries as
of December 2008. Such laws are often complex and change frequently. As a result, the Company
strongly recommends that Grantee not rely on the information herein as the only source of
information relating to the consequences of participation in the Plan because the information may
be out of date at the time that the Restricted Stock Units vest or the shares of Common Stock
acquired under the Plan are sold.

In addition, the information contained herein is general in nature and may not apply to Grantee’s
particular situation and the Company is not in a position to assure Grantee of a particular result.
Accordingly, Grantee is advised to seek appropriate professional advice as to how the relevant
laws in Grantee’s country may apply to his or her situation.

Finally, if Grantee is a citizen or resident of a country other than the one in which Grantee is
currently working, the information contained herein may not be applicable to Grantee.

CANADA

Terms and Conditions

Conversion of Units and Issuance of Shares. This provision supplements Section 4 of the Agreement.

Notwithstanding any discretion or anything to the contrary in the Plan or the Agreement, the Award
does not provide any right for Grantee to receive a cash payment and the Restricted Stock Units
will be settled in shares of Common Stock only.

Nature of the Award. This provision replaces Section 7(l) of the Agreement:

In the event of the termination of Grantee’s Continuous Service for any reason (whether or not in
breach of local labor laws), Grantee’s right to vest in Restricted Stock Units under the Plan, if
any, will terminate effective as of the earlier of (i) the date Grantee receives notice of
termination of Continuous Service from the Company or the Employer, or (ii) the date Grantee is no
longer actively employed by the Company or the Employer, regardless of any notice period or period
of pay in lieu of such notice required under local law (including, but not limited to, statutory
law and common law); the Committee shall have the exclusive discretion to determine when Grantee is
no longer actively employed for purposes of the Award of Restricted Stock Units.

The following provisions will apply if Grantee is a resident of Quebec:

Data Privacy. This provision supplements Section 9 of the Agreement:

1

 

Grantee hereby authorizes the Company and the Company’s representatives to discuss with and obtain
all relevant information from all personnel, professional or not, involved in the administration
and operation of the Plan. Grantee authorizes the Company, any of its Affiliates and E*TRADE
Financial Corporation to disclose and discuss the Plan with their advisors. Grantee further
authorizes the Company, the Employer and any Affiliate to record such information and to keep such
information in Grantee’s employee file.

Language Consent. The parties acknowledge that it is their express wish that the Agreement,
including this Appendix, as well as all documents, notices and legal proceedings entered into,
given or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in
English.

Consentement Relatif à la Langue Utilisée. Les parties reconnaissent avoir souhaité
expressément que la convention («Agreement»), ainsi que cette Annexe, ainsi que tous les
documents, les notices et la documentation juridique fournis ou mis en œuvre ou institués,
directement ou indirectement, relativement aux présentes, soient rédigés en anglais.

2

 

APPENDIX

EMULEX CORPORATION

AMENDED AND RESTATED 2005 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

FOR NON-U.S. GRANTEES

Terms and Conditions

This Appendix includes additional terms and conditions that govern the grant (the “Award”) of
restricted stock units (the “Restricted Stock Units”) to Grantee under the Emulex Corporation
Amended and Restated 2005 Equity Incentive Plan (the “Plan”) if Grantee resides in one of the
countries listed below. Capitalized terms not otherwise defined herein shall have the same
meanings ascribed to them in the Plan and the Restricted Stock Unit Award Agreement (the
“Agreement”), as applicable.

Notifications

This Appendix also includes information regarding exchange control and other issues of which
Grantee should be aware with respect to his or her participation in the Plan. The information is
based on the exchange control, securities and other laws in effect in the respective countries as
of December 2008. Such laws are often complex and change frequently. As a result, the Company
strongly recommends that Grantee not rely on the information herein as the only source of
information relating to the consequences of participation in the Plan because the information may
be out of date at the time that the Restricted Stock Units vest or the shares of Common Stock
acquired under the Plan are sold.

In addition, the information contained herein is general in nature and may not apply to Grantee’s
particular situation and the Company is not in a position to assure Grantee of a particular result.
Accordingly, Grantee is advised to seek appropriate professional advice as to how the relevant
laws in Grantee’s country may apply to his or her situation.

Finally, if Grantee is a citizen or resident of a country other than the one in which Grantee is
currently working, the information contained herein may not be applicable to Grantee.

CHINA

Terms and Conditions

Conversion of Units and Issuance of Shares. The following provisions supplement Section 4 of the
Agreement.

Grantee acknowledges that the Restricted Stock Units may be settled in shares of Common Stock or in
cash, at the sole discretion of the Company and subject to any applicable regulatory requirements.

To facilitate compliance with applicable laws or regulations in China, Grantee agrees and
acknowledges that the Company and the Company’s designated broker is entitled to (a) immediately
sell all shares of Common Stock issued to Grantee upon vesting of the Restricted Stock Units (on
Grantee’s behalf pursuant to this authorization), either at the time the Restricted Stock Units
vest or when Grantee ceases employment with the Employer, the Company or an Affiliate, or (b)
require that any shares of Common Stock acquired under the Plan be held with a broker designated by
the Company until the shares of Common Stock are sold. Grantee acknowledges that the Company and
the Company’s designated broker are under no obligation to arrange for the sale of the shares of
Common Stock at any particular price. In any event, when the shares of Common Stock acquired under
the Plan are sold, the proceeds of the sale of the shares of Common Stock, less any applicable
Tax-Related Items and broker’s fees or commissions, will be remitted to Grantee in accordance with
applicable exchange control law and regulations, as further described below.

Exchange Control Requirements. Grantee understands and agrees that, pursuant to local exchange
control requirements, Grantee will be required to repatriate the cash proceeds from the sale of the
shares of Common Stock

1

 

acquired under the Plan to China. Grantee further understands that, under local law, such
repatriation of the cash proceeds may need to be effectuated through a special exchange control
account established by the Company, an Affiliate or the Employer, and Grantee hereby consents and
agrees that any cash proceeds from the sale of shares of Common Stock acquired under the Plan may
be transferred to such special account prior to being delivered to Grantee. Grantee further agrees
to comply with any other requirements that may be imposed by the Company in the future in order to
facilitate compliance with exchange control requirements in China.

2

 

APPENDIX

EMULEX CORPORATION

AMENDED AND RESTATED 2005 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

FOR NON-U.S. GRANTEES

Terms and Conditions

This Appendix includes additional terms and conditions that govern the grant (the “Award”) of
restricted stock units (the “Restricted Stock Units”) to Grantee under the Emulex Corporation
Amended and Restated 2005 Equity Incentive Plan (the “Plan”) if Grantee resides in one of the
countries listed below. Capitalized terms not otherwise defined herein shall have the same
meanings ascribed to them in the Plan and the Restricted Stock Unit Award Agreement (the
“Agreement”), as applicable.

Notifications

This Appendix also includes information regarding exchange control and other issues of which
Grantee should be aware with respect to his or her participation in the Plan. The information is
based on the exchange control, securities and other laws in effect in the respective countries as
of December 2008. Such laws are often complex and change frequently. As a result, the Company
strongly recommends that Grantee not rely on the information herein as the only source of
information relating to the consequences of participation in the Plan because the information may
be out of date at the time that the Restricted Stock Units vest or the shares of Common Stock
acquired under the Plan are sold.

In addition, the information contained herein is general in nature and may not apply to Grantee’s
particular situation and the Company is not in a position to assure Grantee of a particular result.
Accordingly, Grantee is advised to seek appropriate professional advice as to how the relevant
laws in Grantee’s country may apply to his or her situation.

Finally, if Grantee is a citizen or resident of a country other than the one in which Grantee is
currently working, the information contained herein may not be applicable to Grantee.

FRANCE

Notifications

Exchange Control Notification. Grantee may hold shares of Common Stock acquired under the Plan
outside of France provided that Grantee declares all foreign accounts (including any accounts that
were opened or closed during the tax year) on Grantee’s annual income tax return. Furthermore,
Grantee must declare to the customs and excise authorities any cash or securities Grantee imports
or exports without the use of a financial institution when the value of the cash or securities
exceeds a certain threshold which is set annually (€7,600 for 2008 for transfers outside the
European Union).

1

 

APPENDIX

EMULEX CORPORATION

AMENDED AND RESTATED 2005 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

FOR NON-U.S. GRANTEES

Terms and Conditions

This Appendix includes additional terms and conditions that govern the grant (the “Award”) of
restricted stock units (the “Restricted Stock Units”) to Grantee under the Emulex Corporation
Amended and Restated 2005 Equity Incentive Plan (the “Plan”) if Grantee resides in one of the
countries listed below. Capitalized terms not otherwise defined herein shall have the same
meanings ascribed to them in the Plan and the Restricted Stock Unit Award Agreement (the
“Agreement”), as applicable.

Notifications

This Appendix also includes information regarding exchange control and other issues of which
Grantee should be aware with respect to his or her participation in the Plan. The information is
based on the exchange control, securities and other laws in effect in the respective countries as
of December 2008. Such laws are often complex and change frequently. As a result, the Company
strongly recommends that Grantee not rely on the information herein as the only source of
information relating to the consequences of participation in the Plan because the information may
be out of date at the time that the Restricted Stock Units vest or the shares of Common Stock
acquired under the Plan are sold.

In addition, the information contained herein is general in nature and may not apply to Grantee’s
particular situation and the Company is not in a position to assure Grantee of a particular result.
Accordingly, Grantee is advised to seek appropriate professional advice as to how the relevant
laws in Grantee’s country may apply to his or her situation.

Finally, if Grantee is a citizen or resident of a country other than the one in which Grantee is
currently working, the information contained herein may not be applicable to Grantee.

GERMANY

Notifications

Exchange Control Notification. Cross-border payments in excess of €12,500 must be reported monthly
to the German Federal Bank. If Grantee uses a German bank to transfer a cross-border payment in
excess of €12,500 in connection with the sale of shares of Common Stock acquired under the Plan,
the bank will make the report for Grantee. In addition, Grantee must report any receivables,
payables or debts in foreign currency exceeding an amount of €5,000,000 in any month.

1

 

APPENDIX

EMULEX CORPORATION

AMENDED AND RESTATED 2005 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

FOR NON-U.S. GRANTEES

Terms and Conditions

This Appendix includes additional terms and conditions that govern the grant (the “Award”) of
restricted stock units (the “Restricted Stock Units”) to Grantee under the Emulex Corporation
Amended and Restated 2005 Equity Incentive Plan (the “Plan”) if Grantee resides in one of the
countries listed below. Capitalized terms not otherwise defined herein shall have the same
meanings ascribed to them in the Plan and the Restricted Stock Unit Award Agreement (the
“Agreement”), as applicable.

Notifications

This Appendix also includes information regarding exchange control and other issues of which
Grantee should be aware with respect to his or her participation in the Plan. The information is
based on the exchange control, securities and other laws in effect in the respective countries as
of December 2008. Such laws are often complex and change frequently. As a result, the Company
strongly recommends that Grantee not rely on the information herein as the only source of
information relating to the consequences of participation in the Plan because the information may
be out of date at the time that the Restricted Stock Units vest or the shares of Common Stock
acquired under the Plan are sold.

In addition, the information contained herein is general in nature and may not apply to Grantee’s
particular situation and the Company is not in a position to assure Grantee of a particular result.
Accordingly, Grantee is advised to seek appropriate professional advice as to how the relevant
laws in Grantee’s country may apply to his or her situation.

Finally, if Grantee is a citizen or resident of a country other than the one in which Grantee is
currently working, the information contained herein may not be applicable to Grantee.

INDIA

Terms and Conditions

Tax Obligations. This provision supplements Section 6 of the Agreement:

In accepting the Award of Restricted Stock Units, Grantee consents and agrees to assume any and all
liability for fringe benefit tax that may be payable by the Company or the Employer in connection
with the Restricted Stock Units. Further, in accepting the Award, Grantee agrees that the Company
and the Employer shall collect the fringe benefit tax from Grantee by any of the means set forth in
Section 6 of the Agreement or by any other reasonable method established by the Company. Grantee
also agrees to execute any other consents or elections required to accomplish the foregoing,
promptly upon request by the Company.

Notifications

Exchange Control Notification. Any proceeds from the sale of shares of Common Stock acquired under
the Plan and any cash dividends received in connection with the Plan must be repatriated to India
and converted into local currency within ninety (90) days of receipt. A foreign inward remittance
certificate (“FIRC”) will be issued by the bank where the foreign currency is deposited. Grantee
should maintain the FIRC as evidence of the repatriation of the proceeds in the event the Reserve
Bank of India or the Employer requests proof of repatriation.

1

 

APPENDIX

EMULEX CORPORATION

AMENDED AND RESTATED 2005 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

FOR NON-U.S. GRANTEES

Terms and Conditions

This Appendix includes additional terms and conditions that govern the grant (the “Award”) of
restricted stock units (the “Restricted Stock Units”) to Grantee under the Emulex Corporation
Amended and Restated 2005 Equity Incentive Plan (the “Plan”) if Grantee resides in one of the
countries listed below. Capitalized terms not otherwise defined herein shall have the same
meanings ascribed to them in the Plan and the Restricted Stock Unit Award Agreement (the
“Agreement”), as applicable.

Notifications

This Appendix also includes information regarding exchange control and other issues of which
Grantee should be aware with respect to his or her participation in the Plan. The information is
based on the exchange control, securities and other laws in effect in the respective countries as
of December 2008. Such laws are often complex and change frequently. As a result, the Company
strongly recommends that Grantee not rely on the information herein as the only source of
information relating to the consequences of participation in the Plan because the information may
be out of date at the time that the Restricted Stock Units vest or the shares of Common Stock
acquired under the Plan are sold.

In addition, the information contained herein is general in nature and may not apply to Grantee’s
particular situation and the Company is not in a position to assure Grantee of a particular result.
Accordingly, Grantee is advised to seek appropriate professional advice as to how the relevant
laws in Grantee’s country may apply to his or her situation.

Finally, if Grantee is a citizen or resident of a country other than the one in which Grantee is
currently working, the information contained herein may not be applicable to Grantee.

IRELAND

Notifications

Director Notification Obligation. If Grantee is a director, shadow director1 or
secretary of the Company’s Irish Affiliate, he or she must notify the Irish Affiliate in writing
within five (5) business days of receiving or disposing of an interest in the Company (e.g.,
Restricted Stock Units, shares of Common Stock, etc.), or within five (5) business days of becoming
aware of the event giving rise to the notification requirement or within five days of becoming a
director or secretary if such an interest exists at the time. This notification requirement also
applies with respect to the interests of a spouse or children under the age of 18 (whose interests
will be attributed to the director, shadow director or secretary).

 

			
	1	 	A shadow director is an individual who is not on the
board of directors of the Irish Affiliate but who has sufficient control so
that the board of directors of the Irish Affiliate acts in accordance with the
directions or instructions of the individual.

1

 

APPENDIX

EMULEX CORPORATION

AMENDED AND RESTATED 2005 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

FOR NON-U.S. GRANTEES

Terms and Conditions

This Appendix includes additional terms and conditions that govern the grant (the “Award”) of
restricted stock units (the “Restricted Stock Units”) to Grantee under the Emulex Corporation
Amended and Restated 2005 Equity Incentive Plan (the “Plan”) if Grantee resides in one of the
countries listed below. Capitalized terms not otherwise defined herein shall have the same
meanings ascribed to them in the Plan and the Restricted Stock Unit Award Agreement (the
“Agreement”), as applicable.

Notifications

This Appendix also includes information regarding exchange control and other issues of which
Grantee should be aware with respect to his or her participation in the Plan. The information is
based on the exchange control, securities and other laws in effect in the respective countries as
of December 2008. Such laws are often complex and change frequently. As a result, the Company
strongly recommends that Grantee not rely on the information herein as the only source of
information relating to the consequences of participation in the Plan because the information may
be out of date at the time that the Restricted Stock Units vest or the shares of Common Stock
acquired under the Plan are sold.

In addition, the information contained herein is general in nature and may not apply to Grantee’s
particular situation and the Company is not in a position to assure Grantee of a particular result.
Accordingly, Grantee is advised to seek appropriate professional advice as to how the relevant
laws in Grantee’s country may apply to his or her situation.

Finally, if Grantee is a citizen or resident of a country other than the one in which Grantee is
currently working, the information contained herein may not be applicable to Grantee.

JAPAN

No country-specific provisions.

1

 

APPENDIX

EMULEX CORPORATION

AMENDED AND RESTATED 2005 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

FOR NON-U.S. GRANTEES

Terms and Conditions

This Appendix includes additional terms and conditions that govern the grant (the “Award”) of
restricted stock units (the “Restricted Stock Units”) to Grantee under the Emulex Corporation
Amended and Restated 2005 Equity Incentive Plan (the “Plan”) if Grantee resides in one of the
countries listed below. Capitalized terms not otherwise defined herein shall have the same
meanings ascribed to them in the Plan and the Restricted Stock Unit Award Agreement (the
“Agreement”), as applicable.

Notifications

This Appendix also includes information regarding exchange control and other issues of which
Grantee should be aware with respect to his or her participation in the Plan. The information is
based on the exchange control, securities and other laws in effect in the respective countries as
of December 2008. Such laws are often complex and change frequently. As a result, the Company
strongly recommends that Grantee not rely on the information herein as the only source of
information relating to the consequences of participation in the Plan because the information may
be out of date at the time that the Restricted Stock Units vest or the shares of Common Stock
acquired under the Plan are sold.

In addition, the information contained herein is general in nature and may not apply to Grantee’s
particular situation and the Company is not in a position to assure Grantee of a particular result.
Accordingly, Grantee is advised to seek appropriate professional advice as to how the relevant
laws in Grantee’s country may apply to his or her situation.

Finally, if Grantee is a citizen or resident of a country other than the one in which Grantee is
currently working, the information contained herein may not be applicable to Grantee.

UNITED KINGDOM

Terms and Conditions

Conversion of Units and Issuance of Shares. This provision supplements Section 4 of the Agreement.

Notwithstanding any discretion or anything to the contrary in the Plan or the Agreement, the Award
does not provide any right for Grantee to receive a cash payment and the Restricted Stock Units
will be settled in shares of Common Stock only.

Tax Obligations. This provision supplements Section 6 of the Agreement:

If payment or withholding of the Tax-Related Items (including the Employer’s Liability, as defined
below) is not made within ninety (90) days of the event giving rise to the Tax-Related Items (the
“Due Date”) or such other period specified in Section 222(1)(c) of the U.K. Income Tax (Earnings
and Pensions) Act 2003, the amount of any uncollected Tax-Related Items will constitute a loan owed
by Grantee to the Employer, effective on the Due Date. Grantee agrees that the loan will bear
interest at the then-current official rate of Her Majesty’s Revenue and Customs (“HMRC”), it will
be immediately due and repayable, and the Company or the Employer may recover it at any time
thereafter by any of the means referred to in Section 6 of the Agreement. Notwithstanding the
foregoing, if Grantee is a director or executive officer of the Company (within the meaning of
Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), Grantee will not be
eligible for such a loan to cover the Tax-Related Items. In the event that Grantee is such a
director or executive officer and the Tax-Related Items are not collected from or paid by Grantee
by the Due Date, the amount of any uncollected Tax-Related Items will constitute a benefit to

1

 

Grantee on which additional income tax and national insurance contributions (including the
Employer’s Liability, as defined below) will be payable. Grantee will be responsible for reporting
and paying any income tax and national insurance contributions (including the Employer’s Liability,
as defined below) due on this additional benefit directly to HMRC under the self-assessment regime.

Joint Election. As a condition of Grantee’s participation in the Plan and the vesting of the
Restricted Stock Units, Grantee agrees to accept any liability for secondary Class 1 national
insurance contributions which may be payable by the Company and the Employer in connection with the
Restricted Stock Units and any event giving rise to Tax-Related Items (the “Employer’s Liability”).
To accomplish the foregoing, Grantee agrees to execute the following joint election with the
Company, the form of such Joint Election being formally approved by HMRC (the “Joint Election”),
and any other required consent or elections. Grantee further agrees to execute such other joint
elections as may be required between Grantee and any successor to the Company or the Employer.
Grantee further agrees that the Company and the Employer may collect the Employer’s Liability from
Grantee by any of the means set forth in Section 6 of the Agreement.

If Grantee does not enter into the Joint Election prior to the vesting of the Restricted Stock
Units, Grantee will forfeit the Restricted Stock Units and any shares of Common Stock that have
been issued will be returned to the Company at no cost to the Company, without any liability to the
Company and the Employer.

2

 

EMULEX CORPORATION

AMENDED AND RESTATED 2005 EQUITY INCENTIVE PLAN

Restricted Stock Units

for Employees in the United Kingdom

FORM OF ELECTION TO TRANSFER THE EMPLOYER’S SECONDARY

CLASS 1 NATIONAL INSURANCE LIABILITY TO THE EMPLOYEE

	1.	 	Parties

	 	This Election is between:
	 
	 	(A)	 	[Insert name of Employee] (the “Employee”), whose National Insurance number is
[                                        ], who is employed by one of the employing companies listed in the
attached schedule (the “Employer”), and who is eligible to receive restricted stock
units pursuant to the terms and conditions of the Emulex Corporation Amended and
Restated 2005 Equity Incentive Plan (the “Plan”), and
	 
	 	(B)	 	Emulex Corporation, of 3333 Susan Street, Costa Mesa, CA 92626, U.S.A. (the
“Company”) which may grant restricted stock units under the Plan and is entering this
Election on behalf of the Employer.

	2.	 	Purpose of Election

	 	2.1	 	This Election relates to the Employer’s secondary Class 1 national
insurance contributions (the “Employer’s Liability”) which may arise on the
occurrence of a “Taxable Event” pursuant to section 4(4) (a) of the Social
Security Contributions and Benefits Act 1992, including:

	 	(i)	 	the acquisition of securities pursuant to the
restricted stock units, including any dividend equivalents paid out in
securities of the Company (pursuant to section 477(3)(a) ITEPA); and/or
	 
	 	(ii)	 	the assignment or release of the restricted stock units
in return for consideration (pursuant to section 477(3)(b) ITEPA);
and/or
	 
	 	(iii)	 	the receipt of a benefit in connection with the
restricted stock units other than a benefit within (i) or (ii) above
(pursuant to section 477(3)(c) ITEPA).
	 
	 	In this Election, ITEPA means the Income Tax (Earnings and Pensions) Act
2003.

	 	2.2	 	This Election is made in accordance with paragraph 3B(1) of Schedule 1
to the Social Security Contributions and Benefits Act 1992.
	 
	 	2.3	 	This Election applies to all restricted stock units granted to the
Employee under the Plan, including any dividend equivalents paid out in
securities of the Company with respect to the restricted stock units, on or
after [insert date] up to the termination date of the Plan.

3

 

	 	2.4	 	This Election does not apply in relation to any liability, or any part
of any liability, arising as a result of regulations being given retrospective
effect by virtue of section 4B(2) of either the Social Security Contributions
and Benefits Act 1992, or the Social Security Contributions and Benefits
(Northern Ireland) Act 1992.
	 
	 	2.5	 	This Election will not apply to the extent that it relates to relevant
employment income which is employment income of the earner by virtue of Chapter
3A of Part 7 of ITEPA 2003 (employment income: securities with artificially
depressed market value).

	3.	 	The Election

The Employee and the Company jointly elect that the entire liability of the
UK Employer to pay the Employer’s Liability on the Taxable Event is hereby
transferred to the Employee. The Employee understands that by signing this
Election, he or she will become personally liable for the Employer’s
Liability covered by this Election.

	4.	 	Payment of the Employer’s Liability

	 	4.1	 	Notwithstanding that pursuant to this Election the Employer’s Liability
is transferred to the Employee, the Employee authorises the Employer, and the
Employer agrees, to remit the Employer’s Liability to Her Majesty’s Revenue &
Customs (“HMRC”) on behalf of the Employee. The Employee agrees to pay to the
Employer the Employer’s Liability on demand at any time on or after the Event.
	 
	 	4.2	 	Without limitation to Clause 4.1 above, the Employee hereby authorises
the Company and/or the Employer to collect the Employer’s Liability from the
Employee at any time on or after the Taxable Event:

	 	(i)	 	directly from the Employee by payment in cash or
cleared funds; and/or
	 
	 	(ii)	 	by deduction from salary or any other payment payable
to the Employee at any time on or after the date of the Taxable Event;
and/or
	 
	 	(iii)	 	by arranging, on behalf of the Employee, for the sale
of some of the securities which the Employee is entitled to receive in
respect of the restricted stock units; and/or
	 
	 	(iv)	 	through any other method set forth in the Restricted
Stock Unit Award Agreement entered into between the Employee and the
Company.

	 	4.3	 	The Company hereby reserves for itself and the Employer the right to
withhold the transfer of any securities to the Employee until full payment of
the Employer’s Liability is received.

	5.	 	Duration of Election

	 	5.1	 	The Employee and the Company agree to be bound by the terms of this
Election regardless of whether the Employee is transferred abroad or is not
employed by the Employer on the date on which the Employer’s Liability becomes
due.
	 
	 	5.2	 	This Election will continue in effect until the earliest of the following:

4

 

	 	(i)	 	such time as both the Employee and the Company agree in
writing that it should cease to have effect;
	 
	 	(ii)	 	on the date the Company serves written notice on the
Employee terminating its effect;
	 
	 	(iii)	 	on the date HMRC withdraws approval of this Form of
Election; or
	 
	 	(iv)	 	on the date the Election ceases to have effect in
accordance with its terms in respect of any outstanding restricted
stock units granted under the Plan.

In signing this Election, both the Employer and the Employee agree to be bound by its terms as
stated above.

Signed by [Insert name of Employee]

	 	 	 	 	 
	The Employee

	 	 

	 	 
	 
	 	 

	 	 
	 
	Date

	 	 

	 	 
	 
	 	 

	 	 

Signed for and on behalf of Emulex Corporation

	 	 	 
	 
	 

	 	 
	[Insert name and title of signatory]

	 	 
	Emulex Corporation
	 	 
	[Insert Date]
	 	 

5

 

Schedule to Form of Election — Employing Companies

The Employing Companies to which this Form of Election relates are:

Emulex Limited

	 	 	 
	Registered Office:
	 	Trinity Court, Molly Millars Lane, Wokingham, 

Berkshire, RG41 2PY, UK

	Company Number:
	 	5942715

	Corporation Tax District:
	 	Reading

	Corporation Tax Reference:
	 	610 28946 09952

	PAYE District:
	 	Kent

	PAYE Reference:
	 	577/BA13319

6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00152-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00152-of-00352.parquet"}]]