Document:

Exhibit

Exhibit 10.02 

Notice of Stock Option Grant
(Global)
Chegg, Inc. 2013 Equity Incentive Plan
You have been granted an Option by Chegg, Inc. (the “Company”) under its 2013 Equity Incentive Plan (the “Plan”) to purchase shares of Common Stock of the Company under the Plan subject to the terms and conditions of the Plan, this Notice of Stock Option Grant (the “Notice”) and the Stock Option Agreement (the “Option Agreement”), including any applicable country-specific provisions in the appendix attached hereto (if any) (the “Appendix”).  Unless otherwise defined herein, any capitalized terms used herein will have the meaning ascribed to them in the Plan.  
	
						
	Name:
	 
	 
	 
	 
	 

	Address:
	 
	 
	 
	 
	 

	Grant Number:
	 
	 
	 
	 
	 

	Vesting Commencement Date:
	 
	 
	 
	 
	 

	Exercise Price per Share:
	 
	 
	 
	 
	 

	Total Number of Shares:
	 
	 
	 
	Non-Qualified Stock Option

	Type of Option:
	 
	 
	 
	Incentive Stock Option

	 
	 
	 
	 
	 
	 

	Expiration Date:
	 
	 
	, 20
	 
	;  This Option expires earlier if your Service terminates earlier, as described in the Stock Option Agreement

	 
	 
	 
	

	 

	Vesting Schedule:
	 
	[INSERT VESTING SCHEDULE]

By accepting (whether in writing, electronically or otherwise) this Option, you and the Company agree that this Option is granted under and governed by the terms and conditions of the Plan, the Notice and the Option Agreement.  You acknowledge and agree that the Vesting Schedule may change prospectively in the event that your service status changes between full and part-time status in accordance with Company policies relating to work schedules and vesting of awards.  You further acknowledge that the grant of this Option by the Company is at the Company’s sole discretion, and does not entitle you to further grant(s) of Option(s) or any other award(s) under the Plan or any other plan or program maintained by the Company or any parent, subsidiary or affiliate of the Company.  You acknowledge that the vesting of the Option pursuant to this Notice is earned only by continuing Service.  By accepting this Option, you consent to electronic delivery as set forth in the Option Agreement.  
	
		
	CHEGG, INC.

	By:
	 

	Its:
	 

Stock Option Agreement
(Global)
Chegg, Inc. 2013 Equity Incentive Plan
You have been granted an Option by Chegg, Inc. (the “Company”) under the 2013 Equity Incentive Plan (the “Plan”) to purchase Shares (the “Option”), subject to the terms and conditions of the Plan, the Notice of Stock Option Grant (the “Notice”) and this Stock Option Agreement (the “Agreement”), including any applicable country-specific provisions in the appendix attached hereto (if any) (the “Appendix”), which constitutes part of this Agreement.  
1.Grant of Option.  You have been granted an Option for the number of Shares set forth in the Notice at the exercise price per Share set forth in the Notice (the “exercise price”).  In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Agreement, the terms and conditions of the Plan shall prevail.  If designated in the Notice as an Incentive Stock Option (“ISO”), this Option is intended to qualify as an Incentive Stock Option under Section 422 of the Code.  However, if this Option is intended to be an ISO, to the extent that it exceeds the $100,000 rule of Code Section 422(d) it shall be treated as a Nonqualified Stock Option (“NSO”). 

2.Termination Period.

(a)General Rule.  If your Service terminates for any reason except death or Disability, and other than for Cause, then this Option will expire at the close of business at Company headquarters on the date three months after your termination date.  If your Service is terminated for Cause, this Option will expire upon the date of such termination without payment of any consideration to you.  Your Service will be considered terminated as of the date you are no longer providing Services to the Company, its Parent or one of its Subsidiaries (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where you are employed or the terms of your employment agreement, if any) (the “Termination Date”). Unless otherwise provided in this Agreement or determined by the Company, your right to vest in this Option will terminate as of the Termination Date and the period (if any) during which you may exercise this Option after such termination will commence on the Termination Date.  In each instance, the Termination Date will not be extended by any notice period (e.g., your period of Service would not include any contractual notice period or any period of “garden leave” or similar period mandated under the laws of the jurisdiction in which you reside or the terms of your employment agreement, if any).  In case of any dispute as to whether your termination of Service has occurred, the Committee shall have sole discretion to determine whether such termination has occurred and the effective date of such termination. The Committee shall have the exclusive discretion to determine whether you may still be considered to be providing services while on an approved leave of absence.

(b)Death; Disability.  If you die before your Service terminates, then this Option will expire at the close of business at Company headquarters on the date 12 months after the date of death.  If your Service terminates because of your Disability, then this Option will expire at the close of business at Company headquarters on the date 12 months after your termination date.

(c)No Notice.  You are responsible for keeping track of these exercise periods following your termination of Service for any reason.  The Company will not provide further notice of such periods.  In no event shall this Option be exercised later than the Expiration Date set forth in the Notice.

3.Exercise of Option.

(a)Right to Exercise.  This Option is exercisable during its term in accordance with the Vesting Schedule set forth in the Notice and the applicable provisions of the Plan and this Agreement.  In the event of your death, Disability, or other cessation of Service, the exercisability of the Option is governed by the applicable provisions of the Plan, the Notice and this Agreement.  This Option may not be exercised for a fraction of a Share.

(b)Method of Exercise.  This Option is exercisable by delivery of an exercise notice in a form specified by the Company (the “Exercise Notice”), which shall state the election to exercise the Option, the number of Shares in respect of which the Option is being exercised (the “Exercised Shares”), and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan.  The Exercise Notice shall be delivered in person, by mail, via electronic mail or facsimile or by other authorized method to the Secretary of the Company or other person designated by the Company.  The Exercise Notice shall be accompanied by payment of the aggregate exercise price as to all Exercised Shares.  This Option shall be deemed to be exercised upon receipt by the Company of a fully executed Exercise Notice accompanied by the aggregate exercise price and any applicable tax withholding due upon exercise of the Option.

(c)Exercise by Another.  If another person wants to exercise this Option after it has been transferred to him or her in compliance with this Agreement, that person must prove to the Company’s satisfaction that he or she is entitled to exercise this Option.  That person must also complete the proper Exercise Notice form (as described above) and pay the exercise price (as described below) and any applicable tax withholding due upon exercise of the Option (as described below).

4.Method of Payment.  Payment of the aggregate exercise price shall be by any of the following, or a combination thereof, at your election:

(a)your personal check, wire transfer, or a cashier’s check; 

(b)certificates for shares of Company stock that you own, along with any forms needed to effect a transfer of those shares to the Company; the value of the shares, determined as of the effective date of the Option exercise, will be applied to the Option exercise price.  Instead of surrendering shares of Company stock, you may attest to the ownership of those shares on a form provided by the Company and have the same number of shares subtracted from the Option shares issued to you.  However, you may not surrender, or attest to the ownership of, shares of Company stock in payment of the exercise price of your Option if your action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to this Option for financial reporting purposes;

(c)cashless exercise through irrevocable directions to a securities broker approved by the Company to sell all or part of the Shares covered by this Option and to deliver to the Company from the sale proceeds an amount sufficient to pay the Option exercise price and any withholding taxes.  The balance of the sale proceeds, if any, will be delivered to you.  The directions must be given by signing a special notice of exercise form provided by the Company; or

(d)other method authorized by the Company.

5.Non-Transferability of Option.  In general, except as provided below, only you may exercise this Option prior to your death.  You may not transfer or assign this Option, except as provided below.  For instance, you may not sell this Option or use it as security for a loan.  If you attempt to do any of these things, this Option will immediately become invalid.  You may, however, dispose of this Option in your will or in a beneficiary designation.  However, if this Option is designated as a NSO in the Notice, then the Committee (as defined in the Plan) may, in its sole discretion, allow you to transfer this Option as a gift to one or more family members.  For purposes of this Agreement, “family member” means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law (including adoptive relationships), any individual sharing your household (other than a tenant or employee), a trust in which one or more of these individuals have more than 50% of the beneficial interest, a foundation in which you or one or more of these persons control the management of assets, and any entity in which you or one or more of these persons own more than 50% of the voting interest.  In addition, if this Option is designated as a NSO in the Notice, then the Committee may, in its sole discretion, allow you to transfer this Option to your spouse or former spouse pursuant to a domestic relations order in settlement of marital property rights.  The Committee will allow you to transfer this Option only if both you and the transferee(s) execute the forms prescribed by the Committee, which include the consent of the transferee(s) to be bound by this Agreement.  This Option may not be transferred in any manner other than by will or by the laws of descent or distribution or court order and may be exercised during the lifetime of you only by you, your guardian, or legal representative, as permitted in the Plan. The terms of the Plan and this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of you.

6.Term of Option.  This Option shall in any event expire on the expiration date set forth in the Notice, which date is 10 years after the grant date (five years after the grant date if this Option is designated as an ISO in the Notice and Section 5.3 of the Plan applies). 

7.Tax Consequences.  You should consult a tax advisor for tax consequences relating to this Option in the jurisdiction in which you are subject to tax.  YOU SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE SHARES.

(a)Exercising the Option.  You will not be allowed to exercise this Option unless you make arrangements acceptable to the Company to pay any withholding taxes that may be due as a result of the Option exercise.  

(b)Notice of Disqualifying Disposition of ISO Shares.  If you sell or otherwise dispose of any of the Shares acquired pursuant to an ISO on or before the later of (i) two years after the grant date, or (ii) one year after the exercise date, you shall immediately notify the Company in writing of such disposition.  You agree that you may be subject to income tax withholding by the Company on the compensation income recognized from such early disposition of ISO Shares by payment in cash or out of the current compensation paid to you.

8.Withholding Taxes and Stock Withholding.  Regardless of any action the Company or its Parent or Subsidiary employing you (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 your participation in the Plan and legally applicable to you (“Tax-Related Items”), you acknowledge that the ultimate liability for all Tax-related Items legally due by you is and remains your responsibility and may exceed the amount actually withheld by the Company or the Employer, if any.  You further acknowledge 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 Option grant, including, but not limited to, the grant, vesting or exercise of the Option, the subsequent sale of Shares acquired pursuant to such exercise and the receipt of any dividends; and (b) do not commit to structure the terms of the award or any aspect of the Option to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, you acknowledge that if you are subject to Tax-Related Items in more than one jurisdiction, the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction

Prior to any relevant taxable or tax withholding event, as applicable, you agree to make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, you authorize the Company and/or 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)
	withholding all applicable Tax-Related Items legally payable by you from your wages or other cash compensation paid to you by the Company and/or the Employer; or  

		
	(ii)
	withholding Shares that otherwise would be issued to you when you exercise this Option, provided that the Company only withholds the amount of Shares necessary to satisfy the minimum statutory withholding amount, or

		
	(iii)
	withholding from proceeds of the sale of the Shares acquired upon exercise of the Option, either through a voluntary sale or through a mandatory sale arranged by the Company (on your behalf pursuant to this authorization), or

		
	(iv)
	any other arrangement approved by the Company.  

The Company may withhold or account for Tax-Related Items by considering applicable statutory withholding amounts or other applicable withholding rates, including, to the extent permitted by the Plan, maximum applicable rates in your jurisdiction(s), in which case you may receive a refund of any over-withheld amount in cash and will have no entitlement to the equivalent in Common Stock. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, you are deemed to have been issued the full number of Shares subject to the exercise, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items.  The Fair Market Value of these Shares, determined as of the effective date when taxes otherwise would have been withheld in cash, will be applied as a credit against the Tax-Related Items withholding. The Company may refuse to honor the exercise and refuse to deliver the Shares if you fail to comply with your obligations in connection with the Tax-Related Items as described in this Section.
9.Acknowledgement.  The Company and you agree that the Option is granted under and governed by the Notice, this Agreement and by the provisions of the Plan (incorporated herein by reference).  You: (i) acknowledge receipt of a copy of the Plan and the Plan prospectus, (ii) represent that you have carefully read and are familiar with their provisions, and (iii) hereby accept the Option subject to all of the terms and conditions set forth herein and those set forth in the Plan and the Notice.  You hereby agree to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions relating to the Plan, the Notice and the Agreement. 

10.Appendix.  Notwithstanding any provisions in this Agreement, the Option grant shall be subject to any special terms and conditions set forth in the Appendix to this Agreement for your country set forth as an attachment to this Agreement (if any).  Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country will apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable for legal or administrative reasons.  The Appendix constitutes part of this Agreement.  

11.Consent to Electronic Delivery of All Plan Documents and Disclosures.  By your acceptance of this Option, you consent to the electronic delivery of the Notice, this Agreement, the Plan, account statements, Plan prospectuses required by the Securities and Exchange Commission, U.S. financial reports of the Company, and all other documents that the Company is required to deliver to its security holders (including, without limitation, annual reports and proxy statements) or other communications or information related to the Option. Electronic delivery may include the delivery of a link to a Company intranet or the internet site of a third party involved in administering the Plan, the delivery of the document via e-mail or such other delivery determined at the Company’s discretion.  You acknowledge that you may receive from the Company a paper copy of any documents delivered electronically at no cost if you contact the Company by telephone, through a postal service or electronic mail at stockadmin@chegg.com. You further acknowledge that you will be provided with a paper copy of any documents delivered electronically if electronic delivery fails; similarly, you understand that you must provide on request to the Company or any designated third party a paper copy of any documents delivered electronically if electronic delivery fails. Also, you understand that your consent may be revoked or changed, including any change in the electronic mail address to which documents are delivered (if you have provided an electronic mail address), at any time by notifying the Company of such revised or revoked consent by telephone, postal service or electronic mail at stockadmin@chegg.com. Finally, you understand that you are not required to consent to electronic delivery.  To the extent you have been provided with a copy of this Agreement, the Plan, or any other documents relating to the Option in a language other than English, the English language documents will prevail in case of any ambiguities or divergences as a result of translation.  

12.Compliance with Laws and Regulations; Legends.  The issuance of Shares will be subject to and conditioned upon compliance by the Company and you with all applicable state, federal and foreign laws and regulations and with all applicable requirements of any stock exchange or automated quotation system on which the Company’s Common Stock may be listed or quoted at the time of such issuance or transfer. The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company’s legal counsel to be necessary to the lawful issuance and sale of any Shares shall relieve the Company of any liability in respect of the failure to issue or sell such shares as to which such requisite authority shall not have been obtained.  As a condition to the issuance of any Shares pursuant to this Option, the Company may require you to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect thereto as may be requested by the Company.  The Shares issued pursuant to this Agreement shall be endorsed with appropriate legends, if any, determined by the Company.

13.Governing Law; Severability.  If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of this Agreement shall be enforceable in accordance with its terms.  This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving effect to principles of conflicts of law.  

14.No Rights as Employee, Director or Consultant.  Nothing in this Agreement shall affect in any manner whatsoever the right or power of the Company, or a Parent or Subsidiary of the Company, to terminate your Service, for any reason, with or without cause.

15.Adjustment.  In the event of a stock split, a stock dividend or a similar change in Company stock, the number of Shares covered by this Option and the exercise price per Share may be adjusted pursuant to the Plan. 

16.Plan Discretionary; Extraordinary Compensation.  In accepting the Option, you acknowledge, understand and agree that:  

(a)the Plan is established voluntarily by the Company, it is discretionary in nature, and may be amended, suspended or terminated by the Company at any time, to the extent permitted by the Plan;

(b)the grant of the Option is exceptional, voluntary and occasional and does not create any contractual or other right to receive future grants of options, or benefits in lieu of options, even if options have been granted in the past; 

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

(d)the Option grant and your participation in the Plan shall not create a right to employment or be interpreted as forming or amending an employment or service contract with the Company, the Employer or any Parent, or Subsidiary, and shall not interfere with the ability of the Company, the Employer or any Parent, or Subsidiary, as applicable, to terminate your employment or service relationship (if any); 

(e)you are voluntarily participating in the Plan; 

(f)the Option and any Shares acquired under the Plan, and income and value of same, are not intended to replace any pension rights or compensation;

(g)the Option and any Shares acquired under the Plan and the income and value of same, are not part of normal or expected compensation for purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, holiday pay, long-service awards, leave-related pay, pension or retirement or welfare benefits or similar mandatory payments; 

(h)unless otherwise agreed with the Company in writing, the Option and any Shares acquired under the Plan, and the income and value of same, are not granted as consideration for, or in connection with, any Service you provide as a director of the Company, its Parent or Subsidiary;

(i)the future value of the Shares underlying the Option is unknown, indeterminable, and cannot be predicted with certainty; 

(j)if the underlying Shares do not increase in value, the Option will have no value; 

(k)if you exercise the Option and acquire Shares, the value of such Shares may increase or decrease in value, even below the exercise price;

(l)no claim or entitlement to compensation or damages shall arise from forfeiture of the Option resulting from you ceasing to provide employment or other services to the Company or the Employer (for any reason whatsoever, whether or not later found to be invalid or in breach of employment laws in the jurisdiction where you are employed or the terms of your employment agreement, if any);

(m)unless otherwise provided in the Plan or by the Company in its discretion, the Option and the benefits evidenced by this Agreement do not create any entitlement to have the Option or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any Corporate Transaction affecting the Shares; and

(n)neither the Company, the Employer nor any Parent, or Subsidiary shall be liable for any foreign exchange rate fluctuation between your local currency and the United States Dollar that may affect the value of the Option or of any amounts due to you pursuant to the exercise of the Option or the subsequent sale of any Shares acquired upon exercise. 

17.Data Privacy.

(a)Data Privacy Consent.  By electing to participate in the Plan via the Company’s online acceptance procedure, you are declaring that you agree with the data processing practices described herein and consent to the collection, processing and use of Personal Data (as defined below) by the Company and the transfer of Personal Data to the recipients mentioned herein, including recipients located in countries which do not adduce an adequate level of protection from a European (or other) data protection law perspective, for the purposes described herein.

(b)Declaration of Consent.  You understand that you need to review the following information about the processing of your personal data by or on behalf of the Company, the Employer and/or any Subsidiary as described in this Agreement and any other Plan materials (the “Personal Data”) and declare your consent.  As regards the processing of your Personal Data in connection with the Plan and this Agreement, you understand that the Company is the controller of your Personal Data.

(c)Data Processing and Legal Basis.  The Company collects, uses and otherwise processes Personal Data about you for the purposes of allocating Shares and implementing, administering and managing the Plan.  You understand that this Personal Data may include, without limitation, your name, home address and telephone number, email address, date of birth, social insurance number, passport number or other identification number (e.g., resident registration number), salary, nationality, job title, any shares of stock or directorships held in the Company, details of all Options or any other entitlement to shares of stock or equivalent benefits awarded, canceled, exercised, vested, unvested or outstanding in your favor.  The legal basis for the processing of your Personal Data, where required, will be your consent.

(d)Stock Plan Administration Service Providers.  You understand that the Company may transfer your Personal Data, or parts thereof, to an independent service provider based in the United States to assist the Company with the implementation, administration and management of the Plan. You understand and acknowledge that the Company’s service provider will open an account for you to receive and trade Shares acquired under the Plan and that you will be asked to agree on separate terms and data processing practices with the service provider, which is a condition of your ability to participate in the Plan.

(e)International Data Transfers.  You understand that the Company and, as of the date hereof, any third parties assisting in the implementation, administration and management of the Plan are based in the United States.  You understand and acknowledge that your country may have enacted data privacy laws that are different from the laws of the United States.  For example, the European Commission has issued only a limited adequacy finding with respect to the United States that applies solely if and to the extent that companies self-certify and remain self-certified under the EU/U.S. Privacy Shield program.  The Company does not currently participate in the EU/U.S. Privacy Shield Program.  The Company’s legal basis for the transfer of your Personal Data is your consent.

(f)Data Retention.  You understand that the Company will use your Personal Data only as long as is necessary to implement, administer and manage your participation in the Plan, or to comply with legal or regulatory obligations, including under tax and securities laws.  In the latter case, you understand and acknowledge that the Company’s legal basis for the processing of your Personal Data would be compliance with the relevant laws or regulations.  When the Company no longer needs your Personal Data for any of the above purposes, you understand the Company will remove it from its systems.

(g)Voluntariness and Consequences of Denial/Withdrawal of Consent.  You understand that your participation in the Plan and your consent is purely voluntary.  You may deny or later withdraw your consent at any time, with future effect and for any or no reason.  If you deny or later withdraw your consent, the Company can no longer offer you participation in the Plan or offer other equity awards to you or administer or maintain such awards and you would no longer be able to participate in the Plan.  You further understand that denial or withdrawal of your consent would not affect your status or salary as an employee or your career and that you would merely forfeit the opportunities associated with the Plan.

(h)Data Subject Rights.  You understand that data subject rights regarding the processing of Personal Data vary depending on the applicable law and that, depending on where you are based and subject to the conditions set out in the applicable law, you may have, without limitation, the rights to (i) inquire whether and what kind of Personal Data the Company holds about you and how it is processed, and to access or request copies of such Personal Data, (ii) request the correction or supplementation of Personal Data about you that is inaccurate, incomplete or out-of-date in light of the purposes underlying the processing, (iii) obtain the erasure of Personal Data no longer necessary for the purposes underlying the processing, processed based on withdrawn consent, processed for legitimate interests that, in the context of your objection, do not prove to be compelling, or processed in non-compliance with applicable legal requirements, (iv) request the Company to restrict the processing of your Personal Data in certain situations where you feel its processing is inappropriate, (v) object, in certain circumstances, to the processing of Personal Data for legitimate interests, and to (vi) request portability of your Personal Data that you have actively or passively provided to the Company (which does not include data derived or inferred from the collected data), where the processing of such Personal Data is based on consent or your employment and is carried out by automated means.  In case of concerns, you understand that you may also have the right to lodge a complaint with the competent local data protection authority.  Further, to receive clarification of, or to exercise any of, your rights, you understand that you should contact your local human resources representative.

(i)Alternate Basis and Additional Consents.  Finally, you understand that the Company may rely on a different basis for the collection, processing or transfer of Personal Data in the future and/or request that you provide another data privacy consent.  If applicable, you agree that upon request of the Company or the Employer, you will provide an executed acknowledgement or data privacy 

consent form (or any other agreements or consents) that the Company and/or the Employer may deem necessary to obtain from you for the purpose of administering your participation in the Plan in compliance with the data privacy laws in your country, either now or in the future.  You understand and agree that you will not be able to participate in the Plan if you fail to provide any such consent or agreement requested by the Company and/or the Employer.

18.Language.  You acknowledge that you are sufficiently proficient in the English language, or have consulted with an advisor who is sufficiently proficient in English so as to allow you to understand the terms and conditions of this Agreement. Further, if you have 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.

19.Imposition of Other Requirements.  The Company reserves the right to impose other requirements on your participation in the Plan, on the Option and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require you to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

20.Insider Trading Restrictions/Market Abuse Laws.  By participating in the Plan, you agree to comply with the Company’s policy on insider trading (to the extent that it is applicable to you).  Depending on your country or the designated broker's country or the country where the Shares are listed, you may be subject to insider trading restrictions and/or market abuse laws, which may affect your ability to accept, acquire, sell, attempt to sell or otherwise dispose of Shares, rights to Shares (e.g., the Option) or rights linked to the value of Shares during such times as you are considered to have “inside information” regarding the Company (as defined by the laws or regulations in the applicable jurisdiction).  Local insider trading laws and regulations may prohibit the cancelation or amendment of orders you placed before possessing inside information.  Furthermore, you could be prohibited from (i) disclosing the inside information to any third party, which may include your fellow employees and (ii) “tipping” third parties or causing them otherwise to buy or sell securities.  Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Company insider trading policy.  You are responsible for ensuring compliance with any applicable restrictions and should consult your personal legal advisor on this matter.

21.Foreign Asset/Account or Tax Reporting; Exchange Controls.  Your country may have certain foreign asset/account or tax reporting requirements and/or exchange controls that may affect your ability to acquire or hold Shares under the Plan or cash received from participating in the Plan (including from any dividends received or sale proceeds arising from the sale of Shares) in a brokerage or bank account outside your country.  You may be required to report such accounts, assets, or transactions to the tax or other authorities in your country.  You may also be required to repatriate sale proceeds or other funds received as a result of your participation in the Plan to your country through a designated broker or bank and/or within a certain time after receipt.  You acknowledge that it is your responsibility to be compliant with such regulations and you understand and agree that you should consult your personal legal and tax advisors for any details.

22.Award Subject to Company Clawback or Recoupment.  The Option shall be subject to clawback or recoupment pursuant to any compensation clawback or recoupment policy adopted by the Board or required by law during the term of your employment or other service with the Company that is applicable to executive officers, employees, directors or other service providers of the Company, and in addition to any other remedies available under such policy and applicable law may require the cancelation of your Option (whether vested or unvested) and the recoupment of any gains realized with respect to your Option.  

This Agreement and the Plan constitute the entire understanding between you and the Company regarding this Option.  Any prior agreements, commitments or negotiations concerning this Option are superseded.  This Agreement may be amended only by another written agreement between the parties.
BY ACCEPTING THIS OPTION, YOU AGREE TO ALL OF THE TERMS AND CONDITIONS DESCRIBED ABOVE AND IN THE PLAN.

Appendix to the 
Stock Option Agreement (Global)
 Chegg, Inc. 2013 Equity Incentive Plan
Country-Specific Provisions
Capitalized terms, unless explicitly defined in this Appendix, shall have the meanings given to them in the Agreement, the Notice or in the Plan.  
Terms and Conditions
This Appendix includes additional terms and conditions that govern the Option granted to you under the Plan if you reside and/or work in one of the countries listed below.  If you are a citizen or resident (or are considered as such for local law purposes) of a country other than the country in which you are currently residing and/or working, or if you transfer employment and/or residency between countries after the Date of Grant, the Company will, in its discretion, determine to what extent the special terms and conditions contained herein shall be applicable to you.
Notifications
This Appendix also includes information regarding securities, exchange control, foreign asset/account reporting and certain other issues of which you should be aware with respect to your participation in the Plan.  The information is based on the securities, exchange control, foreign asset/account reporting and other laws in effect in the respective countries as of March 2019.  Such laws are often complex and change frequently.  As a result, the Company strongly recommends that you not rely on the information in this Appendix as the only source of information relating to the consequences of your participation in the Plan because the information may be out of date at the time that you exercise the Option or you sell Shares acquired under the Plan.
In addition, the information contained herein is general in nature and may not apply to your particular situation, and the Company is not in a position to assure you of any particular result. Accordingly, you should seek appropriate professional advice as to how the relevant laws in your country may apply to your individual situation.  
The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding your participation in the Plan, or your acquisition or sale of the underlying Shares.  You should consult with your own personal tax, legal and financial advisors regarding your participation in the Plan before taking any action related to the Plan.
Finally, if you are a citizen or resident (or are considered as such for local tax purposes) of a country other than the one in which you are currently residing and/or working, or if you transfer employment and/or residency after the Date of Grant, the information contained herein may not be applicable to you in the same manner.

GERMANY
Notifications
Exchange Control Information.  Cross-border payments in excess of €12,500 must be reported monthly to the German Federal Bank.  If you make or receive a payment in excess of this amount, you are responsible for electronically reporting to the German Federal Bank by the fifth day of the month following the month in which the payment occurs.  The form of report (Allgemeine Meldeportal Statistik) can be accessed via German Federal Bank’s website (www.bundesbank.de) and is available in both German and English. 
Foreign Account / Assets Reporting Information. German residents holding Shares must notify their local tax office of the acquisition of Shares when they file their tax returns for the relevant year if the value of all Shares acquired exceeds €150,000 or in the unlikely event that the resident holds Shares exceeding 10% of the Company’s total Common Stock.
INDIA 
Terms and Conditions
Method of Payment.  The following provision supplements Section 4 of the Agreement:
Due to legal considerations in India, payment of the exercise price and any Tax-Related Items may not be made pursuant to a cashless “sell to cover” exercise whereby some, but not all, of the Shares purchased upon exercise of the Option are sold to pay the exercise price.  The Company reserves the right to provide you with additional methods of payment in the future depending on the development of local law.  For the avoidance of doubt, you are permitted to exercise the Option using a cashless sell-all method pursuant to which all of the Shares will be sold immediately upon exercise and the sale proceeds, less the exercise price, any Tax-Related Item’s and broker’s fees or commissions, will be remitted to you in cash.

Notifications
Exchange Control Information.  Indian residents are required to repatriate to India, or cause to be repatriated, any proceeds from the sale of Shares acquired under the Plan and any dividends received in relation to the Shares within such time as prescribed under applicable Indian exchange control laws as may be amended from time to time. You should obtain a foreign inward remittance certificate (“FIRC”) or other similar form from the bank where you deposit the funds and maintain the FIRC or other form as evidence of the repatriation of funds in the event the Reserve Bank of India or the Employer requests proof of repatriation.  You should consult with your personal legal advisor to ensure compliance with the applicable requirements.  
 
Foreign Asset / Account Reporting Information.  You are required to declare any foreign bank accounts and any foreign financial assets (including Shares held outside India) in your annual income tax return.  You should consult your personal legal advisor to ensure compliance with the applicable requirements.
ISRAEL
Terms and Conditions
The following provision applies to you if you are in Israel on the Date of Grant.
Trust Arrangement.  You understand and agree that the grant of the Option is offered subject to and in accordance with the terms of the Plan, the Appendix for Israeli Participants (the “Subplan”) and the Agreement.  You understand that the Option shall be allocated under the provisions of the track referred to as the “Capital Gain Route,” according to Section 102(b)(2) and 102(b)(3) of the Israeli Income Tax Ordinance and shall be held by the trustee for the periods stated in Section 102.  You hereby confirm that you: (i) have read and understand the Plan, Subplan and Agreement; (ii) have received all the clarifications and explanations that you have requested; and (iii) had the opportunity to consult with your advisers before accepting the Agreement.
The following provision applies to you if you transfer into Israel after the Date of Grant.
Exercise of Option.  The following provision supplements Section 3 of the Agreement.
At the discretion of the Company, you may be restricted to exercising the Option using the broker-assisted, same-day sale or cashless sell-all exercise method, pursuant to which all Shares are sold immediately upon exercise of the Option and you receive the sale proceeds less the exercise price, Tax-Related Items and any applicable broker fees or commissions.  In this case, you will not be entitled to hold any Shares acquired at exercise.
Notifications
Securities Law Information:  The grant of the Option is being made pursuant to an exemption from the requirement to file and publish a prospectus in Israel regarding the Plan obtained from the Israeli Securities Authority.  Copies of the Plan and the Form S-8 registration statement for the Plan filed with the U.S. Securities and Exchange Commission will be made available by request from Chegg, Inc., Attn: Stock Plan Administration at the Company, 3990 Freedom Circle, Santa Clara, California 95054, Email: stockadmin@chegg.com, Telephone (408) 855-5600. Alternatively, copies of the Plan and the Form S-8 registration statement for the Plan filed with the U.S. Securities and Exchange Commission will be available on the respective designated-broker online portal for employees.

Notice of Restricted Stock Unit Award
(Global)
Chegg, Inc. 2013 Equity Incentive Plan
You (“you”) have been granted an award of Restricted Stock Units (“RSUs”) by Chegg, Inc. (the “Company”) under its 2013 Equity Incentive Plan (the “Plan”) subject to the terms and conditions of the Plan, this Notice of Restricted Stock Unit Award (the “Notice”) and the attached Restricted Stock Unit Agreement (hereinafter “RSU Agreement”), including any applicable country-specific provisions in the appendix attached hereto (if any) (the “Appendix”).  Unless otherwise defined herein, any capitalized terms used herein will have the meaning ascribed to them in the Plan.  
	
						
	Name:
	 
	 
	 
	 
	 

	Address:
	 
	 
	 
	 
	 

	Number of RSUs:
	 
	 
	 
	 
	 

	Date of Grant:
	 
	 
	 
	 
	 

	Vesting Commencement Date:
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	Expiration Date:
	 
	The date on which settlement of all RSUs granted hereunder occurs.  This RSU expires earlier if your Service terminates, as described in the RSU Agreement.

	Vesting Schedule:
	 
	[INSERT VESTING SCHEDULE]

You acknowledge and agree that the Vesting Schedule may change prospectively in the event that your service status changes between full and part-time status in accordance with Company policies relating to work schedules and vesting of awards.  You further acknowledge that the grant of this RSU by the Company is at the Company’s sole discretion, and does not entitle you to further grant(s) of RSU(s) or any other award(s) under the Plan or any other plan or program maintained by the Company or any parent, subsidiary or affiliate of the Company. You acknowledge that the vesting of the RSUs pursuant to this Notice is earned only by continuing Service. By accepting this RSU, you consent to electronic delivery as set forth in the RSU Agreement.
	
							
	PARTICIPANT
	 
	 
	 
	CHEGG, INC.
	 
	 

	 
	 
	 
	 
	 
	 
	 

	Signature:
	 
	 
	 
	By:
	 
	 

	 
	 
	 
	 
	 
	 
	 

	Print Name:
	 
	 
	 
	Its:
	 
	 

Restricted Stock Unit Agreement
(Global)
Chegg, Inc. 2013 Equity Incentive Plan

You have been granted Restricted Stock Units (“RSUs”) subject to the terms, restrictions and conditions of the Plan, the Notice of Restricted Stock Unit Award (the “Notice”) and this Agreement, including any applicable country-specific provisions in the appendix attached hereto (if any) (the “Appendix”) 
		
	1.
	Settlement.  Settlement of RSUs shall be made within 30 days following the applicable date of vesting under the vesting schedule set forth in the Notice.  Settlement of RSUs shall be in Shares.  Settlement means the delivery of the Shares vested under an RSU. No fractional RSUs or rights for fractional Shares shall be created pursuant to this Agreement.

2.No Stockholder Rights.  Unless and until such time as Shares are issued in settlement of vested RSUs, you shall have no ownership of the Shares allocated to the RSUs and shall have no right dividends or to vote such Shares.

3.Dividend Equivalents.  Dividends, if any (whether in cash or Shares), shall not be credited to you.

4.No Transfer.  RSUs may not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of in any manner other than by will or by the laws of descent or distribution or court order or unless otherwise permitted by the Committee on a case-by-case basis.  

5.Termination.  If your Service terminates for any reason, all unvested RSUs shall be forfeited to the Company forthwith, and all rights you have to such RSUs shall immediately terminate without payment of any consideration to you.  Your Service will be considered terminated as of the date you are no longer providing Services to the Company, its Parent or one of its Subsidiaries (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where you are employed or the terms of your employment agreement, if any) (the “Termination Date”). Unless otherwise provided in this Agreement or determined by the Company, your right to vest in the RSUs under the Plan, if any, will terminate as of the Termination Date and will not be extended by any notice period (e.g., your period of Service would not include any contractual notice period or any period of “garden leave” or similar period mandated under the laws of the jurisdiction in which you reside or the terms of your employment agreement, if any). In case of any dispute as to whether your termination of Service has occurred, the Committee shall have sole discretion to determine whether such termination has occurred and the effective date of such termination. The Committee shall have the exclusive discretion to determine whether you may still be considered to be providing services while on an approved leave of absence.  

6.Tax Consequences.  You acknowledge that there will be tax consequences upon vesting and settlement of the RSUs or disposition of the Shares, if any, received in connection therewith, and you should consult a tax adviser regarding your tax obligations prior to such settlement or disposition in the jurisdiction where you are subject to tax. 

7.Withholding Taxes and Stock Withholding.  Regardless of any action the Company or its Parent or Subsidiary employing you (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 your participation in the Plan and legally applicable to you (“Tax-Related Items”), you acknowledge that the ultimate liability for all Tax-related Items legally due by you is and remains your responsibility and may exceed the amount actually withheld by the Company or the Employer, if any.  You further acknowledge 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 award, including, but not limited to, the grant, vesting or settlement of the RSUs, the subsequent sale of Shares acquired pursuant to such settlement and the receipt of any dividends; and (b) do not commit to structure the terms of the award or any aspect of the RSUs to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, you acknowledge that if you are subject to Tax-Related Items in more than one jurisdiction, the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction.  

Prior to any relevant taxable or tax withholding event, as applicable, you agree to make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items.  In this regard, you authorize the Company and/or 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)
	withholding from your wages or other cash compensation paid to you by the Company and/or the Employer; or

		
	(ii)
	withholding from proceeds of the sale of Shares acquired upon settlement of the RSUs either through a voluntary sale or through a mandatory sale arranged by the Company (on your behalf pursuant to this authorization); or 

		
	(iii)
	withholding in Shares to be issued upon settlement of the RSUs, provided the Company only withholds the amount of Shares necessary to satisfy the minimum statutory withholding amounts; 

		
	(iv)
	your payment of a cash amount (including by check representing readily available funds or a wire transfer); or

		
	(v)
	any other arrangement approved by the Committee.

all under such rules as may be established by the Committee and in compliance with the Company’s Insider Trading Policy and 10b5-1 Trading Plan Policy, if applicable; provided however, that if you are a Section 16 officer of the Company under the Exchange Act, then the Committee (as constituted in accordance with Rule 16b-3 under the Exchange Act) shall establish the method of withholding from alternatives (i)-(v) above, and the Committee shall establish the method prior to the Tax-Related Items withholding event.  
Unless determined otherwise by the Committee in advance of a Tax-Related Items withholding event, the method of withholding for this RSU will be (iii) above. 
The Company may withhold or account for Tax-Related Items by considering applicable statutory withholding amounts or other applicable withholding rates, including, to the extent permitted by the Plan, maximum applicable rates in your jurisdiction(s), in which case you may receive a refund of any over-withheld amount in cash and will have no entitlement to the equivalent in Common Stock. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, you are deemed to have been issued the full number of Shares subject to the vested RSUs, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items.  The Fair Market Value of these Shares, determined as of the effective date when taxes otherwise would have been withheld in cash, will be applied as a credit against the Tax-Related Items withholding.  You acknowledge that the Company has no obligation to deliver Shares to you until you have satisfied the obligations in connection with the Tax-Related Items described in this Section. 
8.Acknowledgement.  The Company and you agree that the RSUs are granted under and governed by the Notice, this Agreement and the provisions of the Plan.  You: (i) acknowledge receipt of a copy of the Plan prospectus, (ii) represent that you have carefully read and are familiar with their provisions, and (iii) hereby accept the RSUs subject to all of the terms and conditions set forth herein and those set forth in the Notice.  

9.Entire Agreement; Enforcement of Rights.  This Agreement, the Plan and the Notice constitute the entire agreement and understanding of the parties relating to the subject matter herein and supersede all prior discussions between them. Any prior agreements, commitments or negotiations concerning the purchase of the Shares hereunder are superseded. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing and signed by the parties to this Agreement.  The failure by either party to enforce any rights under this Agreement shall not be construed as a waiver of any rights of such party.

10.Compliance with Laws and Regulations; Legends.  The issuance of Shares will be subject to and conditioned upon compliance by the Company and you with all applicable state, federal and foreign laws and regulations and with all applicable requirements of any stock exchange or automated quotation system on which the Company’s Common Stock may be listed or quoted at the time of such issuance or transfer. The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company’s legal counsel to be necessary to the lawful issuance and sale of any Shares shall relieve the Company of any liability in respect of the failure to issue or sell such shares as to which such requisite authority shall not have been obtained.  As a condition to the issuance of any Shares pursuant to this RSU, the Company may require you to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect thereto as may be requested by the Company.  The Shares issued pursuant to this Agreement shall be endorsed with appropriate legends, if any, determined by the Company.

11.Governing Law; Severability.  If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of this Agreement shall be enforceable in accordance with its terms.  This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving effect to principles of conflicts of law.  

12.No Rights as Employee, Director or Consultant.  Nothing in this Agreement shall affect in any manner whatsoever the right or power of the Company, or a Parent or Subsidiary of the Company, to terminate your Service, for any reason, with or without cause.

13.    Appendix.  Notwithstanding any provisions in this Agreement, the RSU shall be subject to any special terms and conditions set forth in the Appendix to this Agreement for your country set forth as an attachment to this Agreement (if any).  Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country will apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable for legal or administrative reasons.  The Appendix constitutes part of this Agreement.
14.    Consent to Electronic Delivery of All Plan Documents and Disclosures.  By acceptance of this RSU, you consent to the electronic delivery of the Notice, this RSU Agreement, the Plan, account statements, Plan prospectuses required by the Securities and Exchange Commission, U.S. financial reports of the Company, and all other documents that the Company is required to deliver to its security holders (including, without limitation, annual reports and proxy statements) or other communications or information related to the RSU. Electronic delivery may include the delivery of a link to a Company intranet or the internet site of a third party involved in administering the Plan, the delivery of the document via e-mail or such other delivery determined at the Company’s discretion. You acknowledge that you may receive from the Company a paper copy of any documents delivered electronically at no cost if you contact the Company by telephone, through a postal service or electronic mail at stockadmin@chegg.com.  You further acknowledge that you will be provided with a paper copy of any documents delivered electronically if electronic delivery fails; similarly, you understand that you must provide on request to the Company or any designated third party a paper copy 

of any documents delivered electronically if electronic delivery fails. Also, you understand that your consent may be revoked or changed, including any change in the electronic mail address to which documents are delivered (if you have provided an electronic mail address), at any time by notifying the Company of such revised or revoked consent by telephone, postal service or electronic mail at stockadmin@chegg.com. Finally, you understand that you are not required to consent to electronic delivery. To the extent you have been provided with a copy of this Agreement, the Plan, or any other documents relating to the RSU in a language other than English, the English language documents will prevail in case of any ambiguities or divergences as a result of translation.
15.    Code Section 409A.  For purposes of this Agreement, a termination of employment will be determined consistent with the rules relating to a “separation from service” as defined in Section 409A of the Internal Revenue Code and the regulations thereunder (“Section 409A”).  Notwithstanding anything else provided herein, to the extent any payments provided under this Agreement in connection with your termination of employment constitute deferred compensation subject to Section 409A, and you are deemed at the time of such termination of employment to be a “specified employee” under Section 409A, then such payment shall not be made or commence until the earlier of (i) the expiration of the six-month period measured from your separation from service from the Company or (ii) the date of your death following such a separation from service; provided, however, that such deferral shall only be effected to the extent required to avoid adverse tax treatment to you including, without limitation, the additional tax for which you would otherwise be liable under Section 409A(a)(1)(B) in the absence of such a deferral.  To the extent any payment under this Agreement may be classified as a “short-term deferral” within the meaning of Section 409A, such payment shall be deemed a short-term deferral, even if it may also qualify for an exemption from Section 409A under another provision of Section 409A.  Payments pursuant to this section are intended to constitute separate payments for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations.

16.    Plan Discretionary; Extraordinary Compensation.  In accepting the RSU, you acknowledge, understand and agree that:

(a)the Plan is established voluntarily by the Company, it is discretionary in nature, and may be amended, suspended or terminated by the Company at any time, to the extent permitted by the Plan;

(b)the grant of the RSU is exceptional, voluntary and occasional and does not create any contractual or other right to receive future grants of RSUs, or benefits in lieu of RSUs, even if RSUs have been granted in the past;

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

(d)the RSU grant and your participation in the Plan shall not create a right to employment or be interpreted as forming or amending an employment or service contract with the Company, the Employer or any Parent, or Subsidiary, and shall not interfere with the ability of the Company, the Employer or any Parent, or Subsidiary, as applicable, to terminate your employment or service relationship (if any);

(e)you are voluntarily participating in the Plan;

(f)the RSU and any Shares acquired under the Plan, and income and value of same, are not intended to replace any pension rights or compensation;

(g) the RSU and any Shares acquired under the Plan and the income and value of same, are not part of normal or expected compensation for purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, holiday pay, long-service awards, leave-related pay, pension or retirement or welfare benefits or similar mandatory payments;

(h)unless otherwise agreed with the Company in writing, the RSUs and any Shares acquired under the Plan, and the income and value of same, are not granted as consideration for, or in connection with, any Service you provide as a director of the Company, its Parent or Subsidiary;

(i)the future value of the Shares underlying the RSU is unknown, indeterminable, and cannot be predicted with certainty;

(j)no claim or entitlement to compensation or damages shall arise from forfeiture of the RSU resulting from you ceasing to provide employment or other services to the Company or the Employer (for any reason whatsoever, whether or not later found to be invalid or in breach of employment laws in the jurisdiction where you are employed or the terms of your employment agreement, if any);

(k)unless otherwise provided in the Plan or by the Company in its discretion, the RSU and the benefits evidenced by this Agreement do not create any entitlement to have the RSU or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any Corporate Transaction affecting the Shares; and

(l)neither the Company, the Employer nor any Parent, or Subsidiary shall be liable for any foreign exchange rate fluctuation between your local currency and the United States Dollar that may affect the value of the RSU or of any amounts due to you pursuant to the exercise of the RSU or the subsequent sale of any Shares acquired upon settlement.

17.    Data Privacy.
(a)Data Privacy Consent.  By electing to participate in the Plan via the Company’s online acceptance procedure, you are declaring that you agree with the data processing practices described herein and consent to the collection, processing and use of Personal Data (as defined below) by the Company and the transfer of Personal Data to the recipients mentioned herein, including recipients located in countries which do not adduce an adequate level of protection from a European (or other) data protection law perspective, for the purposes described herein.

(b)Declaration of Consent.  You understand that you need to review the following information about the processing of your personal data by or on behalf of the Company, the Employer and/or any Subsidiary as described in this Agreement and any other Plan materials (the “Personal Data”) and declare your consent.  As regards the processing of your Personal Data in connection with the Plan and this Agreement, you understand that the Company is the controller of your Personal Data.

(c)Data Processing and Legal Basis.  The Company collects, uses and otherwise processes Personal Data about you for the purposes of allocating Shares and implementing, administering and managing the Plan.  You understand that this Personal Data may include, without limitation, your name, home address and telephone number, email address, date of birth, social insurance number, passport number or other identification number (e.g., resident registration number), salary, nationality, job title, any shares of stock or directorships held in the Company, details of all RSUs or any other entitlement to shares of stock or equivalent benefits awarded, canceled, exercised, vested, unvested or outstanding in your favor.  The legal basis for the processing of your Personal Data, where required, will be your consent.

(d)Stock Plan Administration Service Providers.  You understand that the Company may transfer your Personal Data, or parts thereof, to an independent service provider based in the United States to assist the Company with the implementation, administration and management of the Plan. You understand and acknowledge that the Company’s service provider will open an account for you to receive and trade Shares acquired under the Plan and that you will be asked to agree on separate terms and data processing practices with the service provider, which is a condition of your ability to participate in the Plan.

(e)International Data Transfers.  You understand that the Company and, as of the date hereof, any third parties assisting in the implementation, administration and management of the Plan are based in the United States.  You understand and acknowledge that your country may have enacted data privacy laws that are different from the laws of the United States.  For example, the European Commission has issued only a limited adequacy finding with respect to the United States that applies solely if and to the extent that companies self-certify and remain self-certified under the EU/U.S. Privacy Shield program.  The Company does not currently participate in the EU/U.S. Privacy Shield Program.  The Company’s legal basis for the transfer of your Personal Data is your consent.

(f)Data Retention.  You understand that the Company will use your Personal Data only as long as is necessary to implement, administer and manage your participation in the Plan, or to comply with legal or regulatory obligations, including under tax and securities laws.  In the latter case, you understand and acknowledge that the Company’s legal basis for the processing of your Personal Data would be compliance with the relevant laws or regulations.  When the Company no longer needs your Personal Data for any of the above purposes, you understand the Company will remove it from its systems.

(g)Voluntariness and Consequences of Denial/Withdrawal of Consent.  You understand that your participation in the Plan and your consent is purely voluntary.  You may deny or later withdraw your consent at any time, with future effect and for any or no reason.  If you deny or later withdraw your consent, the Company can no longer offer you participation in the Plan or offer other equity awards to you or administer or maintain such awards and you would no longer be able to participate in the Plan.  You further understand that denial or withdrawal of your consent would not affect your status or salary as an employee or your career and that you would merely forfeit the opportunities associated with the Plan.

(h)Data Subject Rights.  You understand that data subject rights regarding the processing of Personal Data vary depending on the applicable law and that, depending on where you are based and subject to the conditions set out in the applicable law, you may have, without limitation, the rights to (i) inquire whether and what kind of Personal Data the Company holds about you and how it is processed, and to access or request copies of such Personal Data, (ii) request the correction or supplementation of Personal Data about you that is inaccurate, incomplete or out-of-date in light of the purposes underlying the processing, (iii) obtain the erasure of Personal Data no longer necessary for the purposes underlying the processing, processed based on withdrawn consent, processed for legitimate interests that, in the context of your objection, do not prove to be compelling, or processed in non-compliance with applicable legal requirements, (iv) request the Company to restrict the processing of your Personal Data in certain situations where you feel its processing is inappropriate, (v) object, in certain circumstances, to the processing of Personal Data for legitimate interests, and to (vi) request portability of your Personal Data that you have actively or passively provided to the Company (which does not include data derived or inferred from the collected data), where the processing of such Personal Data is based on consent or your employment and is carried out by automated means.  In case of concerns, you understand that you may also have the right to lodge a complaint with the competent local data protection authority.  Further, to receive clarification of, or to exercise any of, your rights, you understand that you should contact your local human resources representative.

(i)Alternate Basis and Additional Consents.  Finally, you understand that the Company may rely on a different basis for the collection, processing or transfer of Personal Data in the future and/or request that you provide another data privacy consent.  If applicable, you agree that upon request of the Company or the Employer, you will provide an executed acknowledgement or data privacy consent form (or any other agreements or consents) that the Company and/or the Employer may deem necessary to obtain from you for the purpose of administering your participation in the Plan in compliance with the data privacy laws in your country, either now or in the future.  You 

understand and agree that you will not be able to participate in the Plan if you fail to provide any such consent or agreement requested by the Company and/or the Employer.

18.    Language.  You acknowledge that you are sufficiently proficient in the English language, or have consulted with an advisor who is sufficiently proficient in English so as to allow you to understand the terms and conditions of this Agreement. Further, if you have 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.
19.    Imposition of Other Requirements.  The Company reserves the right to impose other requirements on your participation in the Plan, on the RSUs and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require you to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.
20.    Insider Trading Restrictions/Market Abuse Laws.  By participating in the Plan, you agree to comply with the Company’s policy on insider trading (to the extent that it is applicable to you).  Depending on your country or the designated broker's country or the country where the Shares are listed, you may be subject to insider trading restrictions and/or market abuse laws, which may affect your ability to accept, acquire, sell, attempt to sell or otherwise dispose of Shares, rights to Shares (e.g., the RSUs) or rights linked to the value of Shares during such times as you are considered to have “inside information” regarding the Company (as defined by the laws or regulations in the applicable jurisdiction).  Local insider trading laws and regulations may prohibit the cancellation or amendment of orders you placed before possessing inside information.  Furthermore, you could be prohibited from (i) disclosing the inside information to any third party, which may include your fellow employees and (ii) “tipping” third parties or causing them otherwise to buy or sell securities.  Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Company insider trading policy.  You are responsible for ensuring compliance with any applicable restrictions and should consult your personal legal advisor on this matter.
21.    Foreign Asset/Account or Tax Reporting; Exchange Controls.  Your country may have certain foreign asset/account or tax reporting requirements and/or exchange controls that may affect your ability to acquire or hold Shares under the Plan or cash received from participating in the Plan (including from any dividends received or sale proceeds arising from the sale of Shares) in a brokerage or bank account outside your country.  You may be required to report such accounts, assets, or transactions to the tax or other authorities in your country.  You may also be required to repatriate sale proceeds or other funds received as a result of your participation in the Plan to your country through a designated broker or bank and/or within a certain time after receipt.  You acknowledge that it is your responsibility to be compliant with such regulations and you understand and agree that you should consult your personal legal and tax advisors for any details.
22.    Award Subject to Company Clawback or Recoupment.  The RSU shall be subject to clawback or recoupment pursuant to any compensation clawback or recoupment policy adopted by the Board or required by law during the term of your employment or other service with the Company that is applicable to executive officers, employees, directors or other service providers of the Company, and in addition to any other remedies available under such policy and applicable law may require the cancelation of your RSU (whether vested or unvested) and the recoupment of any gains realized with respect to your RSU.  

BY ACCEPTING THIS RSU, YOU AGREE TO ALL OF THE TERMS AND CONDITIONS DESCRIBED ABOVE AND IN THE PLAN.

Appendix to the 
Restricted Stock Unit Agreement (Global)
Chegg, Inc. 2013 Equity Incentive Plan
Country-Specific Provisions
Capitalized terms, unless explicitly defined in this Appendix, shall have the meanings given to them in the Agreement, the Notice or in the Plan.  
Terms and Conditions
This Appendix includes additional terms and conditions that govern the RSUs granted to you under the Plan if you reside and/or work in one of the countries listed below.  If you are a citizen or resident (or are considered as such for local law purposes) of a country other than the country in which you are currently residing and/or working, or if you transfer employment and/or residency between countries after the Date of Grant, the Company will, in its discretion, determine to what extent the special terms and conditions contained herein shall be applicable to you.
Notifications
This Appendix also includes information regarding securities, exchange control, foreign asset/account reporting and certain other issues of which you should be aware with respect to your participation in the Plan.  The information is based on the securities, exchange control, foreign asset/account reporting and other laws in effect in the respective countries as of February 2019.  Such laws are often complex and change frequently.  As a result, the Company strongly recommends that you not rely on the information in this Appendix as the only source of information relating to the consequences of your participation in the Plan because the information may be out of date at the time that the RSUs vest or you sell Shares acquired under the Plan.
In addition, the information contained herein is general in nature and may not apply to your particular situation, and the Company is not in a position to assure you of any particular result. Accordingly, you should seek appropriate professional advice as to how the relevant laws in your country may apply to your individual situation.  
The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding your participation in the Plan, or your acquisition or sale of the underlying Shares.  You should consult with your own personal tax, legal and financial advisors regarding your participation in the Plan before taking any action related to the Plan.
Finally, if you are a citizen or resident (or are considered as such for local tax purposes) of a country other than the one in which you are currently residing and/or working, or if you transfer employment and/or residency after the Date of Grant, the information contained herein may not be applicable to you in the same manner.

GERMANY
Notifications
Exchange Control Information.  Cross-border payments in excess of €12,500 must be reported monthly to the German Federal Bank.  If you make or receive a payment in excess of this amount, you are responsible for electronically reporting to the German Federal Bank by the fifth day of the month following the month in which the payment occurs.  The form of report (Allgemeine Meldeportal Statistik) can be accessed via German Federal Bank’s website (www.bundesbank.de) and is available in both German and English. 
Foreign Account / Assets Reporting Information. German residents holding Shares must notify their local tax office of the acquisition of Shares when they file their tax returns for the relevant year if the value of all Shares acquired exceeds €150,000 or in the unlikely event that the resident holds Shares exceeding 10% of the Company’s total Common Stock.
INDIA 
Notifications
Exchange Control Information.  Indian residents are required to repatriate to India, or cause to be repatriated, any proceeds from the sale of Shares acquired under the Plan and any dividends received in relation to the Shares within such time as prescribed under applicable Indian exchange control laws as may be amended from time to time. You should obtain a foreign inward remittance certificate (“FIRC”) or other similar form from the bank where you deposit the funds and maintain the FIRC or other form as evidence of the repatriation of funds in the event the Reserve Bank of India or the Employer requests proof of repatriation.  You should consult with your personal legal advisor to ensure compliance with the applicable requirements.  
 
Foreign Asset / Account Reporting Information.  You are required to declare any foreign bank accounts and any foreign financial assets (including Shares held outside India) in your annual income tax return.  You should consult your personal legal advisor to ensure compliance with the applicable requirements.

ISRAEL
Terms and Conditions
The following provision applies to you if you are in Israel on the Date of Grant.
Trust Arrangement.  You understand and agree that the grant of RSUs is offered subject to and in accordance with the terms of the Plan, the Appendix for Israeli Participants (the “Subplan”) and the Agreement.  You understand that the RSUs shall be allocated under the provisions of the track referred to as the “Capital Gain Route,” according to Section 102(b)(2) and 102(b)(3) of the Israeli Income Tax Ordinance and shall be held by the trustee for the periods stated in Section 102.  You hereby confirm that you: (i) have read and understand the Plan, Subplan and Agreement; (ii) have received all the clarifications and explanations that you have requested; and (iii) had the opportunity to consult with your advisers before accepting the Agreement.
The following provision applies to you if you transfer into Israel after the Date of Grant.
Settlement.  The following provision supplements Section 1 of the Agreement.
At the discretion of the Company, you may be subject to an immediate forced sale restriction, pursuant to which all Shares acquired at vesting will be immediately sold and you will receive the sale proceeds less Tax-Related Items and applicable broker fees and commissions.  In this case, you will not be entitled to hold any Shares acquired at vesting.
Notifications
Securities Law Information:  The grant of the RSU is being made pursuant to an exemption from the requirement to file and publish a prospectus in Israel regarding the Plan obtained from the Israeli Securities Authority.  Copies of the Plan and the Form S-8 registration statement for the Plan filed with the U.S. Securities and Exchange Commission will be made available by request from Chegg, Inc., Attn: Stock Plan Administration at the Company, 3990 Freedom Circle, Santa Clara, California 95054, Email: stockadmin@chegg.com, Telephone (408) 855-5600. Alternatively, copies of the Plan and the Form S-8 registration statement for the Plan filed with the U.S. Securities and Exchange Commission will be available on the respective designated-broker online portal for employees.Exhibit

Exhibit 10.03

CHEGG, INC.
CHANGE-IN-CONTROL SEVERANCE PLAN

This Change-in-Control Severance Plan (the “Plan”) has been adopted by Chegg, Inc., a Delaware corporation (the “Company”), effective as of July 24, 2019 (the “Effective Date”).  Capitalized terms used herein and not otherwise defined have the meanings given to those terms in Section 4 hereof.
		
	1.
	PURPOSE OF THIS PLAN.

The purpose of this Plan is to provide incentives to attract, retain and motivate eligible persons designated by the Board whose present and potential contributions are important to the success of the Company by offering such persons (each, a “Participant”) an opportunity to participate herein to receive certain payments and benefits described herein in case such Participant is subject to a CIC Qualifying Termination.
		
	2.
	CHANGE-IN-CONTROL SEVERANCE BENEFITS.

Participant’s receipt of any payments or benefits under Section 2(a) is subject to Participant’s (a) delivery to the Company of both (i) a Participation Agreement hereunder in a form approved by the Board and (ii) a general release in a form prescribed by the Company of all known and unknown claims that Participant may then have against the Company or persons affiliated with the Company (such release, the “Release”) and (b) satisfaction of all conditions to make the Release effective within sixty (60) days (the “Release Period”) following Participant’s CIC Qualifying Termination, notwithstanding any other provision of this Plan or Participant’s Participation Agreement.  In no event will any payment or benefits under Section 2(a) be made, provided or retained until the Participation Agreement is executed and returned to the Company and the Release becomes effective and irrevocable.
(a)Qualifying Termination During a Change-in-Control Period.  If Participant is subject to a CIC Qualifying Termination, Participant will be entitled to the following:

(i)Severance Payment.  The Company will pay Participant a lump sum equal to (i) 12 months of Participant’s base salary at the rate in effect immediately prior to the CIC Qualifying Termination or the Change in Control, whichever base salary is greater and (ii) Participant’s target cash bonus, if applicable, for the fiscal year in which the CIC Qualifying Termination occurs, prorated for the number of days employed in such fiscal year prior to the CIC Qualifying Termination (together, the “Severance Payment”).  The Severance Payment will be paid to Participant on the later of (1) the fifth (5th) business day following expiration of the Release Period and (2) the closing of the Change in Control.
(ii)COBRA Subsidies.  (1) If Participant timely elects to continue to receive coverage under COBRA, the Company will reimburse Participant for the COBRA premiums paid for Participant and his or her eligible dependents to participate in the Company’s group medical, dental and/or vision insurance plans for so long as Participant and his or her eligible dependents continue to receive coverage under the Company’s group medical, dental and/or vision insurance plans (but not after Participant commences employment with or service to another company and becomes eligible for coverage under such company’s group medical, dental and/or vision insurance plans), up to a maximum of 12 months (the “COBRA Subsidies”).  (2) Notwithstanding the foregoing, the Company may elect, in its sole discretion, to pay Participant a taxable amount in lieu of the COBRA Subsidies equal to the aggregate of the premiums for Participant and his or her eligible dependents (as in effect on the date of the CIC Qualifying Termination) if Participant were to receive the COBRA Subsidies for the maximum number of months of coverage described in the preceding clause (1).  (3) Any COBRA Subsidies paid by the Company to a Participant prior to the Participant having satisfied all of the conditions precedent to receiving the severance benefits described in the first paragraph of this Section 2 will be subject to immediate repayment in full, gross of taxes, if Participant fails to satisfy any of such conditions precedent to receiving the severance benefits.

(iii)Equity Acceleration.  (1) Each of Participant’s then-outstanding unvested Equity Awards other than Performance Awards (as defined below) will accelerate and become vested and exercisable or settleable in full (the “Time-Based Equity Acceleration”).  (2) The vesting of Equity Awards that would otherwise vest only upon satisfaction of performance criteria (excluding any Equity Awards whose measurement periods have already been completed, and performance has already been measured, as to any applicable performance criteria, which Equity Awards will be subject to the preceding clause (1)) (such performance-based awards, “Performance Awards”) will accelerate (if at all) as set forth in the terms of the applicable award agreement.  (3) Notwithstanding the foregoing, if any Performance Awards whose measurement periods have not been completed, and performance has not been measured, as of the Change in Control, do not specify the calculation of performance upon a Change in Control, the performance will be deemed achieved at either the target level of performance described in the applicable award agreement or at the actual level of performance achieved under the terms of the applicable award agreement, if such performance is determinable as of immediately prior to the Change in Control, and the resulting number of Performance Awards eligible to vest will accelerate and become vested and exercisable in full  (the acceleration described in clauses (1) - (3), the “Equity Acceleration”).  (4) The Equity Acceleration will be effective as of the later of (x) the fifth (5th) business day following expiration of the Release Period and (y) the closing of the Change in Control.  (5) If before a Change in Control either the Company terminates Participant’s employment for any reason other than Cause or Participant voluntarily resigns his or her employment for Good Reason, then any unvested Equity Awards that would otherwise be forfeited upon such termination will remain outstanding and eligible for the Equity Acceleration (but not for vesting in the ordinary course) for the minimum amount of time following such termination that is necessary to permit the possible Equity Acceleration, provided that in no event will any Equity Award remain outstanding beyond its expiration date.
(b)Non-Assumption of Equity Awards granted under the 2013 Plan & 2005 Plan.  If the successor or acquiring corporation (if any) of the Company refuses to assume, convert, replace or substitute Participant’s unvested Equity Awards (x) as provided in Section 21.1 of 

the Company’s 2013 Equity Incentive Plan (the “2013 Plan”) in connection with a Corporate Transaction (as defined in the 2013 Plan), or (y) as provided in Section 10.3 of the Company’s 2005 Stock Incentive Plan, as amended and restated (the “2005 Plan” and together with the 2013 Plan, the “Plans”) in connection with a “merger or consolidation” (as described in the 2005 Plan), then notwithstanding any other provision in this Agreement, the Plans or any Equity Award Agreement to the contrary, each of Executive’s then-outstanding and unvested Equity Awards, other than Performance Awards, that are not assumed, converted, replaced or substituted, shall accelerate and become vested and exercisable as to 100% of the then-unvested shares subject to the Equity Awards effective immediately prior to the Corporate Transaction or “merger or consolidation,” as applicable and terminate to the extent not exercised (as applicable) upon the Corporate Transaction or “merger or consolidation,” as applicable.  With respect to Performance Awards, the vesting for such Performance Awards will accelerate as set forth in the terms of the applicable performance-based Equity Award agreement or as set forth above in Section 2(a)(iii)(3), as applicable.  

(c)Accrued Compensation and Benefits.  (i) Notwithstanding anything to the contrary in Section 2(a) above, in connection with any termination of employment, the Company will pay Participant’s earned but unpaid base salary and other vested but unpaid cash entitlements (excluding any vacation pay (if applicable), unless otherwise required by applicable law), including the amount of any bonus earned and payable from a prior year that remains unpaid by the Company as of the date of the termination of employment, determined in accordance with customary practice, and unreimbursed documented business expenses incurred by Participant through and including the date of termination (collectively, “Accrued Compensation and Expenses”).  (ii) Participant will also be entitled to any other vested benefits earned by Participant for the period through and including the termination date of Participant’s employment under any other employee benefit plans and arrangements maintained by the Company, in accordance with the terms of such plans and arrangements, except as modified herein (collectively, “Accrued Benefits”).  (iii) Any Accrued Compensation and Expenses to which Participant is entitled will be paid to Participant in cash as soon as administratively practicable after the termination, in accordance with the Company’s standard payroll schedule and procedures and, in any event, no later than two and one-half (2-1/2) months after the end of the taxable year of Participant in which the termination occurs or at such earlier time as may be required by applicable law.  (iv) Any Accrued Benefits to which Participant is entitled will be paid to Participant as provided in the relevant plans and arrangements.

3.COMPANY POLICIES.  Participant will be bound by and comply fully with, both during Participant’s employment with the Company and during any required post-employment period, the Company’s standard confidentiality, invention assignment or proprietary information agreement (a form of which was been provided to Participant), insider trading policy, code of conduct and any other policies and programs adopted by the Company regulating the behavior of its employees, as such policies and programs may be amended from time to time to the extent the same are not inconsistent with this Plan.  Participant’s receipt of any payments or benefits under Section 2(a) will be subject to Participant continuing to comply with the terms of the Company’s confidentiality, invention assignment or proprietary information agreement, between the Company and Participant, as such agreement may be amended from time to time.

4.DEFINITIONS.

(a)“Board” means the Company’s board of directors or, if so designated by the Board for purposes of administering this Plan, a committee of the Board.

(b)“Cause” means the occurrence of any of the following events, as determined by the Company and/or the Board in its and/or their sole and absolute discretion:

		
	(i)
	Participant’s failure or refusal to comply in any material respect with lawful policies, standards or regulations, including, but not limited to the code of conduct, of the Company within thirty (30) days after written notice to Participant of such violations and/or failure to comply;

		
	(ii)
	Participant’s material violation of a federal or state law or regulation applicable to the business of the Company;

		
	(iii)
	Participant’s conviction or plea of no contest to a felony or other crime of moral turpitude under the laws of the United States or any State;

		
	(iv)
	Participant’s fraud or material misappropriation of property belonging to the Company or its affiliates;

		
	(v)
	Participant’s material breach of the Company’s the terms of any confidentiality, invention assignment or proprietary information agreement with the Company or with a former employer and failure to correct or cure such material breach within thirty (30) days after written notice to Participant of such breach; or

		
	(vi)
	Participant’s material misconduct or gross negligence in connection with the performance of Participant’s duties and failure to correct or cure such action or conduct within thirty (30) days after written notice to Participant if such action or conduct is curable.

The determination as to the existence of grounds for Participant’s termination for Cause will be made in good faith by the Company or the Board and will be final and binding on Participant.
(c)“COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended.

(d)“Code” means the Internal Revenue Code of 1986, as amended.

(e)“Change in Control” means the occurrence of any of the following events: (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing more than fifty percent (50%)  of the total voting power represented by the Company’s then outstanding voting securities; (ii) the consummation of the sale or disposition by the Company of all or substantially all of the Company’s assets; or (iii) the consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation.

(f)“CIC Qualifying Termination” means the Participant’s Separation (i) within twelve (12) months following a Change in Control or (ii) within three (3) months preceding a Change in Control, but as to part (ii), only if the Separation occurs following a Potential Change in Control, in each case, resulting from either (x) the Company terminating the Participant’s employment for any reason other than Cause or (y) the Participant voluntarily resigning his or her employment for Good Reason.  “Potential Change in Control” means the execution of a definitive agreement for a corporate transaction which, if consummated, would constitute the applicable Change in Control.  A termination or resignation due to Participant’s death or disability will not constitute a CIC Qualifying Termination.

(g)“Equity Awards” means, with respect to a Participant all awards for Company common stock granted to the Participant, including but not limited to options, stock bonus awards, restricted stock, restricted stock units and stock appreciation rights.

(h)“Exchange Act” means the Securities Exchange Act of 1934, as amended.

(i)“Good Reason” means the occurrence of any of the following events or conditions, without Participant’s express written consent:

		
	(i)
	a material reduction in the Participant’s annual base salary, other than a reduction generally applicable to executive officers of the Company and in generally the same proportion as affects the Participant;

		
	(ii)
	a material diminution in the Participant’s authority, duties or responsibilities;

		
	(iii)
	a change in the geographic location at which the Participant must perform services, resulting in an increase in the one-way commute by the Participant of more than 50 miles; or

		
	(iv)
	the Company’s material breach of this Plan or the Participant’s Participation Agreement, including, but not limited to, the Company’s failure to ensure this Plan’s assumption by the Company’s successor in interest, as further described in Section 5(a) below. 

A termination of employment for Good Reason will be effectuated by giving the Company written notice (“Notice of Termination for Good Reason”), setting forth in reasonable detail, the specific conduct of the Company that constitutes Good Reason and the specific provision(s) of this definition on which the Participant is relying.  Notice of Termination for Good Reason must be provided within ninety (90) days of the condition first arising.  The Company will have an opportunity to cure such conduct constituting Good Reason within thirty (30) days of receiving such Notice of Termination for Good Reason.  If the Company does not cure such conduct within such thirty (30) day period, a termination of employment for Good Reason will be effective on the thirty-first (31st) day following the date when the Notice of Termination for Good Reason is received by the Company.
(j)“Participation Agreement” means, with respect to a Participant, an agreement, in a form specified by the Board, between the Company and the Participant, specifying the terms of the Participant’s participation herein.  A Participant’s Participation Agreement may specify additional terms and conditions, such as restrictive covenants, applicable to the Participant’s participation in this Plan.

(k)“Separation” means a “separation from service” within the meaning of Code Section 409A and the Treasury Regulations promulgated thereunder.  As used throughout this Plan, “termination” of employment (and similar terms) will mean a Separation.

5.Successors.

(a)Company’s Successors.  The Company will require any successor (whether direct or indirect and whether by purchase, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets, by an agreement in substance and form satisfactory to each Participant, to assume this Plan and to agree expressly to perform this Plan in the same manner and to the same extent as the Company would be required to perform it in the absence of a succession.  For all purposes under this Plan, the term “Company” will include any successor to the Company’s business and/or assets or which becomes bound by this Plan by operation of law.

(b)Participant’s Successors.  This Plan and all rights of each Participant hereunder will inure to the benefit of, and be enforceable by, such Participant’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.

6.GOLDEN PARACHUTE TAXES.

(a)Best After-Tax Result.  In the event that any payment or benefit received or to be received by any Participant pursuant to this Plan or otherwise (the  “Payments”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Code, and (ii) but for this subsection (a), be subject to the excise tax imposed by Section 4999 of the Code, any successor provisions or any comparable federal, 

state, local or foreign excise tax (any of these, an “Excise Tax”), then subject to the provisions of Section 6(b) hereof, such Payments will be provided either (x) in full pursuant to the terms of this Plan or any other applicable agreement or (y) as to such lesser extent which would result in no portion of such Payments being subject to the Excise Tax (the amount of such Payments reduced under the preceding clause (y), the “Reduced Amount”), whichever of the foregoing amounts, taking into account the applicable federal, state, local and foreign income, employment and other taxes and the Excise Tax (including, without limitation, any interest or penalties on such taxes) results in the receipt by Participant, on an after-tax basis, of the greatest amount of payments and benefits provided for hereunder or otherwise, notwithstanding that all or some portion of such Payments may be subject to the Excise Tax.  Unless the Company and Participant otherwise agree in writing, any determination required under this Section will be made by independent tax counsel designated by the Company and reasonably acceptable to Participant (the “Independent Tax Counsel”), whose determination will be conclusive and binding upon Participant and the Company for all purposes.  For purposes of making the calculations required under this Section 6(a), Independent Tax Counsel may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code, provided that Independent Tax Counsel will assume that Participant pays all taxes at the highest marginal rate.  The Company and Participant will furnish to Independent Tax Counsel such information and documents as Independent Tax Counsel may reasonably request in order to make a determination under this Section.  The Company will bear all costs that Independent Tax Counsel may reasonably incur in connection with any calculations contemplated by this Section.  In the event that Section 6(a)(ii)(y) above applies, then based on the information provided to Participant and the Company by Independent Tax Counsel, Participant may, in Participant’s sole discretion and within thirty (30) days of the date on which Participant is provided with the information prepared by Independent Tax Counsel, determine which and how much of the Payments (including the accelerated vesting of equity compensation awards) to be otherwise received by Participant will be eliminated or reduced (as long as after such determination the value (as calculated by Independent Tax Counsel in accordance with the provisions of Sections 280G and 4999 of the Code) of the amounts payable or distributable to Participant equals the Reduced Amount).  If the Internal Revenue Service (the “IRS”) determines that any Payment is subject to the Excise Tax, then Section 6(b) hereof will apply, and the enforcement of Section 6(b) will be the exclusive remedy to the Company.

(b)Adjustments.  If, notwithstanding any reduction described in Section 6(a) hereof (or in the absence of any such reduction), the IRS determines that Participant is liable for the Excise Tax as a result of the receipt of one or more Payments, then Participant will be obligated to surrender or pay back to the Company, within one hundred twenty (120) days after a final IRS determination, the smallest amount, if any, required to be surrendered or paid to the Company so that Participant’s net proceeds with respect to such Payments (after taking into account the payment of the Excise Tax imposed on such Payments) will be maximized (such smallest amount, the “Repayment Amount”).  Notwithstanding the foregoing, the Repayment Amount with respect to such Payments will be zero if a Repayment Amount of more than zero would not eliminate the Excise Tax imposed on such Payments or if a Repayment Amount of more than zero would not maximize the net amount received by Participant from the Payments.  If the Excise Tax is not eliminated pursuant to this Section 6(b), Participant will pay the Excise Tax.

7.MISCELLANEOUS PROVISIONS.

(a)Section 409A.  To the extent (i) any payments to which Participant becomes entitled under this Plan, or any agreement or plan referenced herein, in connection with any Participant’s termination of employment with the Company constitute deferred compensation subject to Section 409A of the Code and (ii) Participant is deemed at the time of such termination of employment to be a “specified” employee under Section 409A of the Code, then such payment or payments will not be made or commence until the earlier of (x) the expiration of the six (6)-month period measured from the date of Participant’s “separation from service” (as such term is at the time defined in regulations under Section 409A of the Code) with the Company and (y) the date of Participant’s death following such separation from service, provided, however, that such deferral will only be effected to the extent required to avoid adverse tax treatment to Participant, including (without limitation) the additional twenty percent (20%) tax for which Participant would otherwise be liable under Section 409A(a)(1)(B) of the Code in the absence of such deferral.  Upon the expiration of the applicable deferral period, any payments which would have otherwise been made during that period (whether in a single sum or in installments) in the absence of this paragraph will be paid to Participant or Participant’s beneficiary in one lump sum (without interest).

Except as otherwise expressly provided herein, to the extent any expense reimbursement or the provision of any in-kind benefit under this Plan (or otherwise referenced herein) is determined to be subject to (and not exempt from) Section 409A of the Code, the amount of any such expenses eligible for reimbursement, or the provision of any in-kind benefit, in one calendar year will not affect the expenses eligible for reimbursement or in kind benefits to be provided in any other calendar year, in no event will any expenses be reimbursed after the last day of the calendar year following the calendar year in which Participant incurred such expenses, and in no event will any right to reimbursement or the provision of any in-kind benefit be subject to liquidation or exchange for another benefit.
To the extent that any provision of this Plan is ambiguous as to its exemption or compliance with Section 409A, the provision will be read in such a manner so that all payments hereunder are exempt from Section 409A to the maximum permissible extent, and for any payments where such construction is not tenable, that those payments comply with Section 409A to the maximum permissible extent.  To the extent any payment under this Plan may be classified as a “short-term deferral” within the meaning of Section 409A, such payment will be deemed a short-term deferral, even if it may also qualify for an exemption from Section 409A under another provision of Section 409A.  Payments pursuant to this Plan (or referenced in this Plan) are intended to constitute separate payments for purposes of Section 1.409A 2(b)(2) of the regulations under Section 409A.
(b)Other Severance and Acceleration Arrangements.  Except as otherwise specified herein, this Plan represents the entire agreement between Participant and the Company with respect to any and all severance arrangements and vesting acceleration arrangements and post-termination stock option exercise period arrangements and supersedes and replaces any and all prior verbal or written discussions, negotiations and/or agreements between Participant and the Company relating to the subject matter hereof as may be set forth under, but not 

limited to, any and all prior agreements governing any Equity Award, any change in control and severance agreements, employment agreement, offer letter or programs and plans which were previously offered by the Company to Participant, and Participant hereby waives Participant’s rights to any and all such other severance arrangements, vesting acceleration arrangements and post-termination stock option exercise period arrangements, as applicable.

(c)Dispute Resolution.  To ensure rapid and economical resolution of any and all disputes that might arise in connection with this Plan, Participant and the Company agree that any and all disputes, claims and causes of action, in law or equity, arising from or relating to this Plan or its enforcement, performance, breach or interpretation, will be resolved solely and exclusively by final, binding and confidential arbitration, by a single arbitrator, in Santa Clara County, California, and conducted by the American Arbitration Association under its then-existing employment rules and procedures.  Nothing in this section, however, is intended to prevent either party from obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any such arbitration.  Each party to an arbitration or litigation hereunder will be responsible for the payment of its own attorneys’ fees.

(d)Notice.  Notices and all other communications contemplated by this Plan will be in writing and will be deemed to have been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid or deposited with an overnight courier, with shipping charges prepaid.  In the case of Participant, mailed notices will be addressed to him or her at the home address which he or she most recently communicated to the Company in writing.  In the case of the Company, mailed notices will be addressed to its corporate headquarters, and all notices will be directed to the attention of its Secretary.

(e)Term and Termination.  This Plan will terminate on the first calendar anniversary of a Change in Control, unless any Participant has earlier been subject to a CIC Qualifying Termination, in which case this Plan will terminate as soon as the Company has met all of its obligations hereunder to each such Participant who has been subject to a CIC Qualifying Termination.

(f)Amendment; Waiver.  The Board may at any time terminate or amend this Plan in any respect, including, without limitation, amendment of any form of Participant Agreement or instrument to be executed pursuant to this Plan, provided, however, that a Participant’s participation herein will continue to be governed by the version of this Plan in effect at the time such individual executed his or her Participation Agreement.  No termination or amendment of the Plan will affect any then-outstanding Participation Agreement unless expressly provided by the Board.  In any event, no termination or amendment of this Plan or any outstanding Participation Agreement may adversely affect any Participant’s rights hereunder without the consent of the Participant, unless such termination or amendment is necessary to comply with applicable law, regulation or rule.  No waiver by the Company of any breach by any Participant of, or of compliance with, any condition or provision of this Plan will be considered a waiver by the Company of any other condition or provision or of the same condition or provision at another time.

(g)Withholding Taxes.  All payments made under this Plan will be subject to reduction to reflect taxes or other charges required to be withheld by law.

(h)Severability.  The invalidity or unenforceability of any provision or provisions of this Plan will not affect the validity or enforceability of any other provision hereof, which will remain in full force and effect.

(i)No Retention Rights.  Nothing in this Plan will confer upon Participant any right to continue in employment with or other service to the Company for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company or any subsidiary of the Company or of Participant, which rights are hereby expressly reserved by each, to terminate his or her service at any time and for any reason, with or without Cause.

(a)Choice of Law.  The validity, interpretation, construction and performance of this Plan will be governed by the laws of the State of California (other than their choice-of-law provisions).

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