Document:

exv4w5

Exhibit 4.5

     THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO
AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE
EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE
OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITORY OR ITS NOMINEE
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND SUCH CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.,
OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY, ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, SINCE THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

ATMOS ENERGY CORPORATION

[     ]% Senior Notes due [     ]

	 	 	 
	No. [     ]

	 	CUSIP NO. [     ]
	 

	 	[ISIN NO. [     ]]

 

 

     Atmos Energy Corporation, a Texas and Virginia corporation (herein called the “Company”, which
term includes any successor entity under the Indenture, hereinafter defined), for value received,
hereby promises to pay to Cede & Co. or registered assigns the principal sum of [     ] on [     ]
(the “Maturity Date”), at the office or agency of the Company referred to below, and to pay
interest thereon from [     ], or from the most recent Interest Payment Date to which interest has
been paid or duly provided for, semiannually on [     ] and [     ] in each year (each, an
“Interest Payment Date”), commencing [     ] at [     ]% per annum until the principal hereof is
paid or duly provided for.

     Any payment of principal or interest required to be made on a day that is not a Business Day
need not be made on such day, but may be made on the next succeeding Business Day with the same
force and effect as if made on such day and no interest shall accrue as a result of such delayed
payment. Interest payable on each Interest Payment Date will include interest accrued from and
including [     ], or from and including the most recent Interest Payment Date to which interest
has been paid or duly provided for, as the case may be, to but excluding such Interest Payment
Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months.

     The interest so payable, and punctually paid or duly provided for, on any Interest Payment
Date will, as provided in the Indenture, be paid to the person (the “Holder”) in whose name this
Security (or one or more Predecessor Securities) is registered at the close of business on the
[     ] or [     ] (whether or not a Business Day) next preceding such Interest Payment Date (a “Regular
Record Date”). Any such interest not so punctually paid or duly provided for (“Defaulted
Interest”) will forthwith cease to be payable to the Holder on such Regular Record Date and either
may be paid to the Person in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on a special record date (the “Special Record Date”) for the
payment of such Defaulted Interest to be fixed by the Trustee (referred to herein), notice whereof
shall be given to the Holder of this Security not less than ten days prior to such Special Record
Date, or may be paid at any time in any other lawful manner, all as more fully provided in the
Indenture.

     For purposes of this Security, “Business Day” means any day that, in the city of the principal
Corporate Trust Office of the Trustee and in the City of New York, is neither a Saturday, Sunday,
or legal holiday nor a day on which banking institutions are authorized or required by law or
regulation to close.

     Payment of the principal of (and premium, if any) and interest on this Security will be made
at the office or agency of the Company maintained for that purpose in the Borough of Manhattan, the
City of New York, or at such other office or agency of the Company as may be maintained for such
purpose, in such coin or currency of the United States of America as at the time of payment is
legal tender for payment of public and private debts. So long as this Security remains in
book-entry form, all payments of principal and interest will be made by the Company in immediately
available funds.

 

 

     Unless the certificate of authentication hereon has been duly executed by the Trustee by
manual signature, this Security shall not be entitled to any benefit under the Indenture, or be
valid or obligatory for any purpose.

     This Security is one of a duly authorized issue of securities of the Company, designated as
the [     ]% Senior Notes due [     ] (the “Securities”), issued under an Indenture dated as
of [     ], 2009, as it may be supplemented from time to time (referred to herein as the “Indenture”),
between the Company and U.S. Bank National Association, as trustee (referred to herein as the
“Trustee”, which term includes any successor trustee under the Indenture with respect to the series
of which this Security is a part). A reference is hereby made to the Indenture for a statement of
the respective rights, limitations of rights, duties, obligations and immunities thereunder of the
Company, the Trustee and the Holders of the Securities, and of the terms upon which the Securities
are, and are to be, authenticated and delivered, except as otherwise provided herein.

     The Securities are initially limited to $[     ] aggregate principal amount. The Company may,
at any time, without the consent of the Holders of the Securities, create and issue additional
securities having the same ranking, interest rate, maturity and other terms as the Securities. Any
such additional securities shall be consolidated and form the same series of the Securities having
the same terms as to status, redemption and otherwise as the Securities under the Indenture.

     Events of Default. If an Event of Default shall occur and be continuing, the
principal of all the Securities may be declared due and payable in the manner and with the effect
provided in the Indenture.

     Modification and Waivers; Obligations of the Company Absolute. The Indenture permits,
with certain exceptions as therein provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Holders of the Securities. Certain
limited amendments may be effected under the Indenture at any time by the Company and the Trustee
without the consent of any Holders of the Securities. Certain other amendments affecting the
Securities may only be effected under the Indenture with the consent of the Holders of not less
than a majority in aggregate principal amount of the Securities at the time Outstanding. The
Indenture also contains provisions permitting the Holders of not less than a majority in principal
amount of the Securities at the time Outstanding, on behalf of the Holders of all Outstanding
Securities, to waive compliance by the Company with certain provisions of the Indenture affecting
the Securities. Furthermore, provisions in the Indenture permit the Holders of not less than a
majority in principal amount of the Outstanding Securities to waive on behalf of all of the Holders
of all Outstanding Securities certain past defaults under the Indenture in respect of the
Securities and their consequences. Any such consent or waiver by or on behalf of the Holder of
this Security shall be conclusive and binding upon such Holder and upon all future Holders of this
Security and of any Security issued upon the registration of transfer hereof or in exchange herefor
or in lieu hereof whether or not notation of such consent or waiver is made upon this Security.

     No reference herein to the Indenture and no provision of this Security or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and

 

 

unconditional, to pay the principal of (and premium, if any) and interest on this Security at
the times, place and rate, and in the coin or currency, herein prescribed.

     Defeasance and Covenant Defeasance. The Indenture contains provisions for defeasance
at any time of (a) the entire indebtedness of the Company represented by this Security and (b)
certain restrictive covenants and the related Defaults and Events of Default, upon compliance by
the Company with certain conditions set forth therein, which provisions apply to this Security.

     Authorized Denominations. The Securities are issuable only in registered form,
without coupons in denominations of $2,000 and any integral multiple of $1,000 in excess thereof.

     Registration of Transfer or Exchange. As provided in the Indenture and subject to
certain limitations therein set forth, the transfer of this Security is registrable on the Security
Register of the Company, upon surrender of this Security for registration of transfer at the office
or agency of the Company, duly endorsed by, or accompanied by a written instrument of transfer in
form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or
his attorney duly authorized in writing, and thereupon one or more new Securities, of authorized
denominations and for the same aggregate principal amount, will be issued to the designated
transferee or transferees. At the date of the original issuance of this Security such office or
agency of the Company is maintained by U.S. Bank National Association, 60 Livingston Avenue, St.
Paul, Minnesota 55107.

     As provided in the Indenture and subject to certain limitations therein set forth, the
Securities are exchangeable for a like aggregate principal amount of Securities of a different
authorized denomination, as requested by the Holder surrendering the same.

     No service charge shall be made for any registration of transfer or exchange or redemption of
Securities, but the Company may require payment of a sum sufficient to pay all documentary, stamp
or similar issue or transfer taxes or other governmental charges payable in connection with any
registration of transfer or exchange.

     Prior to the time of due presentment of this Security for registration of transfer, the
Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name
this Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any agent shall be affected by notice to the
contrary.

     Defined Terms. All capitalized terms used in this Security which are defined in the
Indenture shall have the meanings assigned to them in the Indenture.

     Governing Laws. This Security and the Indenture shall be governed by and construed in
accordance with the laws of the State of New York, without regard to conflicts of laws principles
that would apply any other law.

 

 

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

	 	 	 	 	 
	 	ATMOS ENERGY CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	Attest:

	 	 	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 

 

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

     This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.

	 	 	 	 	 
	Dated: 	U.S. Bank National Association,

     as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Officer 	 
	 	 	 	 
	 

 

 

ASSIGNMENT FORM

To assign this Security, fill in the form below:

(I) or (we) assign and transfer this Security to

 

(Insert assignee’s social security or tax I.D. no.)

 

 

 

 

(Print or type assignee’s name, address and zip code)

		
	and irrevocably appoint	

 

agent to transfer this Security on the books of the Company. The agent may substitute another to
act for him.

	 	 	 	 	 	 	 
	Date:

	 	 	 	Signature:	 	 
	 

	 	 
	 	 	 	 
	 

	 	 	 	 	 	(sign exactly as name appears on the other side of this Security)

	 	 	 	 	 
	Signature guaranteed by:exv10w01

Exhibit 10.01

The information contained herein has been provided by Oracle Corporation and is solely the responsibility of

Oracle Corporation.

ORACLE CORPORATION

DEFERRED COMPENSATION PLAN

(Amended and Restated January 1, 2008)

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	 
	 	 	 	 
	SECTION 1 DEFINITIONS

	 	 	1	 
	SECTION 2 ELIGIBILITY

	 	 	3	 
	SECTION 3 DEFERRED COMPENSATION

	 	 	3	 
	SECTION 4 DESIGNATION OF BENEFICIARY

	 	 	6	 
	SECTION 5 CODE SECTION 409A

	 	 	7	 
	SECTION 6 TRUST PROVISIONS

	 	 	7	 
	SECTION 7 CLAIMS PROCEDURE

	 	 	8	 
	SECTION 8 AMENDMENT AND TERMINATION

	 	 	8	 
	SECTION 9 ADMINISTRATION

	 	 	9	 
	SECTION 10 GENERAL AND MISCELLANEOUS

	 	 	9	 
	APPENDIX 1 SOURCE GROUP I DISTRIBUTION ELECTION

	 	 	11	 
	APPENDIX 2 BENEFICIARY DESIGNATION

	 	 	12	 
	APPENDIX 3 ADOPTING EMPLOYERS

	 	 	13	 

i 

 

ORACLE CORPORATION

DEFERRED COMPENSATION PLAN

(Amended and Restated January 1, 2008)

Oracle Corporation, a Delaware Corporation, has established this unfunded plan to provide deferred
compensation for a select group of management and highly compensated employees. The Plan is
effective as of January 1, 2008 and governs deferrals of compensation vesting after December 31,
2004. All amounts previously deferred and vested under the Oracle Corporation 1993 Deferred
Compensation Plan (the “Prior Plan”) before January 1, 2005, and any amounts credited as earnings
thereon, are governed by the terms of the Prior Plan in effect on October 3, 2004. Nothing in this
Plan affects amounts that were deferred and vested under the Prior Plan before January 1, 2005 or
any amounts credited as earnings thereon. It is intended that all amounts deferred and vested
under the Prior Plan, and any amounts credited as earnings thereon, are exempt from Code section
409A under its grandfathering rules.

RECITALS

WHEREAS, those employees identified by the Compensation Committee of the Board of Directors of the
Company or the committee designated to administer this Plan in accordance with Section 9 as
eligible to participate in this Plan are employed by the Company or any other corporation or trade
or business that has adopted the Plan with the approval of the Company (each of whom are referred
to hereafter as the “Employer” or collectively as the “Employers”); and

WHEREAS, the Company desires to maintain an unfunded deferred compensation plan for the benefit of
those employees and their beneficiaries;

NOW THEREFORE, the Company hereby establishes this deferred compensation plan.

SECTION 1

DEFINITIONS

     1.1 “Account” means a separate account established under this Plan for an Eligible Employee
who makes a deferral election under Section 3.

     1.2 “Base Salary” means an Employee’s regular compensation without reduction for compensation
deferred pursuant to all qualified and non-qualified plans of any Employers, but excluding all of
the following: bonuses, commissions, overtime, incentive payments, non-monetary awards, retention
payments, and other special compensation.

     1.3 “Beneficiary” means the beneficiary that a Participant designates to receive his or her
Account upon the Participant’s death.

 

 

     1.4 “Code” means the Internal Revenue Code of 1986, as it may be amended from time to time,
and the rules and regulations promulgated thereunder.

     1.5 “Committee” means the Compensation Committee of the Board of Directors of the Company.
The Senior Vice President of Human Resources and those persons he or she designates in writing are
hereby delegated the authority to act on behalf of the Committee to administer the Plan in
accordance with Section 9. The authority to amend and terminate the Plan in accordance with
Section 8 is not delegated and, therefore, lies solely with the Compensation Committee of the Board
of Directors of the Company.

     1.6 “Company” means Oracle Corporation, a Delaware corporation, and any successor
organization.

     1.7 “Eligible Employee” means an Employee who is eligible to participate in the Plan under
Section 2.1.

     1.8 “Employee” means a person employed by an Employer.

     1.9 “Employer” means the Company and any other corporation or trade or business within the
Employer Group that adopts the Plan with the Company’s approval. A list of adopting Employers is
attached to this Plan as Appendix 3 and shall be kept by the Committee.

     1.10 “Employer Group” means the group of entities (whether or not organized in corporate form
and whether or not organized in the United States) owned 50 percent or more by the Company or by an
affiliate of the Company that is, itself, owned 50 percent or more by the Company.

     1.11 “Hardship” is defined in Section 3.6.

     1.12 “Participant” means a person with an Account. Status as a Participant ceases when the
Participant’s entire Account has been distributed.

     1.13 “Plan” means the Oracle Corporation Deferred Compensation Plan, as amended.

     1.14 “Termination of Employment” means “separation from service” as defined in Code section
409A.

     1.15 “Trust” or “Trust Agreement” means the Oracle Corporation 1993 Deferred Compensation Plan
Trust Agreement, including any amendments, entered into between Employer and the Trustee to carry
out the provisions of the Plan subject to Section 6.1.

     1.16 “Trust Fund” means the cash and other properties held and administered by the Trustee in
accordance with the Trust Agreement to carry out the provisions of the Plan.

2

 

     1.17 “Trustee” means the designated trustee acting at any time under the Trust Agreement.

     1.18 “Variable Compensation” means bonuses and commissions, as designated by the Committee.

SECTION 2

ELIGIBILITY

     2.1 Eligibility. Eligibility to participate in the Plan in a calendar year is limited to
Employees of Employers who are selected by the Committee (or its designee), in its sole discretion,
and (i) whose annualized base salary in United States dollars determined as of September 30 of the
prior calendar year equals or exceeds $165,000 (or another amount established by the Committee), or
(ii) who participated in the Plan in the prior calendar year. The Committee also may select for
eligibility an Employee whose base salary reaches $165,000 in a given year. For purposes of this
Section 2.1, “base salary” means an Employee’s regular compensation without reduction for
compensation deferred under all qualified and non-qualified plans of Employers, but excluding all
of the following: bonuses, commissions, overtime, incentive payments, non-monetary awards,
retention payments, and other special compensation. Eligibility is generally effective annually as
of the first day of a calendar year, but the Committee may, in its sole discretion, allow
eligibility effective as of the start of a calendar quarter, semi-annual period, or another date it
establishes.

SECTION 3

DEFERRED COMPENSATION

     3.1 Deferred Compensation. An Eligible Employee’s participation in the Plan will commence
when he or she makes a deferral election. Deferral of compensation under the Plan will occur in
the amount and at the time provided in this Section 3.1 and in Section 3.3, and will not be
effective until the Eligible Employee has complied with the election procedures in Section 3.3.
Each Eligible Employee may elect, in accordance with Section 3.3, to defer annually the receipt of
a percentage of the Base Salary and Variable Compensation that he or she earns during each calendar
year or portion of a calendar year that the Employee is an Eligible Employee. The maximum amount
permitted to be deferred from Base Salary and Variable Compensation is the amount remaining after
all deductions for other benefits and taxes are first deducted from the gross payment. Any Base
Salary or Variable Compensation deferred under this Section will be recorded in an Account,
maintained in the name of the Participant, and credited as a dollar amount equal to the total
amount of Base Salary and/or Variable Compensation deferred during each calendar year under the
Plan, together with deemed earnings credited in accordance with Section 3.6. The percentage of
Base Salary and Variable Compensation that an Eligible Employee elects to defer will remain
constant until suspended or modified by another election made in accordance with Section 3.3.

     3.2 Payment of Account Balances. The Account of a Participant who does not make a
distribution election under (a) below will be distributed in a lump sum on the first

3

 

distribution date after his or her Termination of Employment, in accordance with Section
3.2(d).

     (a) An Eligible Employee may elect to receive distributions upon (i) Termination of
Employment or (ii) the later of age 591/2 or Termination of Employment. An Eligible Employee may
also elect to receive distributions in a lump sum or in quarterly installments over a period of
five years or 10 years. These elections must be made when the Eligible Employee first elects to
defer compensation under the Plan, in accordance with Section 3.3 and any procedures established by
the Committee.

     (b) No Participant may change a distribution election more than a total of three times. Any
change in distribution election will apply to all amounts in an Account and must be made in
accordance with procedures established by the Committee. A change in distribution election will
not be effective for at least 12 months after the date of the election and must defer payment no
less than five years after the date payment would otherwise have been made or commenced. An
election to change an age 591/2 or other permissible fixed date distribution must be made no less
than 12 months before the previously elected distribution date.

     (c) Notwithstanding any other provision of this Plan, upon Termination of Employment by
reason of death, a deceased Employee’s Beneficiary will be entitled to a lump sum distribution of
all amounts credited to the deceased Employee’s Account in accordance with Section 3.2(d). Upon
the death of a Participant after Termination of Employment, the balance of the Participant’s
Account will be distributed to his or her Beneficiary in one lump sum (notwithstanding any election
to receive distributions under clause (ii) of Section 3.2(a) or in installments), in accordance
with Section 3.2(d).

     (d) A distribution upon a Participant’s attainment of age 591/2 or Termination of Employment by
reason of death will be made or commence on the 17th day of the month (or the first
business day after the 17th) following the calendar quarter in which the distribution
event under this Section 3.2 occurs. For Participants whose attainment of age 591/2 or Termination
of Employment by reason of death occurs within the first 10 days of a calendar quarter, payment
shall occur or commence on the 17th day of the month (or the first business day after
the 17th) in which the Termination of Employment occurs if the Company can reasonably
process the payment by the 10th day of the month; otherwise, payment shall occur or commence on the
17th day of the month (or the first business day after the 17th) after the
end of the calendar quarter during which the attainment of age 591/2 or Termination of Employment by
reason of death occurs.

     A distribution upon Termination of Employment for any reason other than death will be made or
commence on the 17th day of the first month (or the first business day after the
17th) of the third calendar quarter following the calendar quarter in which the
Termination of Employment triggering a distribution occurs. For Participants whose Termination of
Employment occurs within the first 10 days of a calendar quarter, a distribution will be made or
commence on the 17th day of the first month (or the first business day after the
17th) of the second calendar quarter following the calendar quarter in which the
Termination of Employment triggering a distribution occurs. Subsequent

4

 

distributions, if any, will be made on each quarter-annual anniversary date of the date of the
first distribution. Each distribution will include interest or other earnings credited to the
balance of the Account remaining unpaid.

     (e) Notwithstanding any other provision of this Plan, if a Participant has elected
distribution in five-year or ten-year quarterly installments and, as of the date on which the
Participant has a Termination of Employment, the total value of the Account, aggregated with
the fair market value of all other “account balance plan” accounts (as defined in Treas. Reg. §
1.409A-1(c)(2)(i)(A)) of the Participant, is equal to or less than $10,000, the Participant’s
entire Account in this Plan and all other account balance plans will be paid in a lump sum on the
date the installments otherwise would have commenced.

     3.3 Election to Defer Compensation. An election to defer compensation under Section 3.1 must
be made in accordance with procedures established by the Committee. The deferral election must be
made no later than December 31st of the calendar year preceding the calendar year in which services
will be performed to earn the compensation that is subject to the deferral election, or another
date designated by the Committee that satisfies the requirements of Code section 409A(a)(4)(B). An
Eligible Employee must make an election in his or her first year of eligibility within 30 days
after the effective date of his or her eligibility under Section 2.1, and that election will apply
to compensation earned on and after the 31st day after the day the Employee’s
eligibility is effective. This deferral election and any subsequent election will continue until
suspended or modified in accordance with procedures established by the Committee, and any new
election will apply only to compensation earned after the end of the calendar year in which the
valid new election is made. A deferral election will become irrevocable as of the last day of the
calendar year in which it is made. Original elections will remain in effect from year to year,
unless modified or suspended, until the date the Participant’s Account is distributed, in full or
in part, under Section 3.2. The Company will withhold the percentage of Base Salary specified to
be deferred for each payroll period and the percentage of Variable Compensation specified to be
deferred at the time or times it would otherwise be paid to the Eligible Employee.

     3.4 Hardship. (a) If an unforeseeable emergency occurs, a Participant may request that the
Committee approve payment earlier than the date to which it was deferred or that there be a
cessation of deferrals under the Plan. For purposes of this section 3.4, an “unforeseeable
emergency” is limited to a severe financial hardship to the Participant resulting from a sudden and
unexpected illness or accident of the Participant, the Participant’s spouse, or of a dependent (as
defined in Code section 152, without regard to section 152(b)(1), (b)(2), and (d)(1)(B)) of the
Participant, loss of the Participant’s property due to casualty, or other similar extraordinary and
unforeseeable circumstances arising as a result of events beyond the Participant’s control. What
constitutes an unforeseeable emergency depends upon each Participant’s circumstances, but, in any
case, payment may not be made and a cessation of deferrals may not occur to the extent that a
hardship is or may be relieved: (i) through reimbursement or compensation by available insurance or
otherwise or (ii) by liquidation of the Participant’s assets to the extent the asset liquidation
would not itself cause severe financial hardship. Moreover, a deferred amount may not be
distributed before the date

5

 

to which the amount was deferred to the extent that the hardship is or may be relieved by
cessation of deferrals under the Plan.

     (b) The Committee will consider any requests for payment under this Section 3.4 on a uniform
and nondiscriminatory basis and in accordance with Code section 409A. If an amount is distributed
or deferrals cease under this Section 3.4, the Participant will be ineligible to defer additional
amounts until the next regular date designated under Section 3.3 for making deferral elections that
occurs one year or more after the date as of which the Committee approved the distribution or
cessation of deferral. Payments made under this Section 3.4 will be made within 7 days after the
Committee determines that an unforeseeable emergency has resulted in severe financial hardship to
the Participant or at a later date chosen by the Committee that does not result in taxation under
Code section 409A.

     3.5 Employee’s Rights Unsecured. The right of a Participant or his or her Beneficiary to
receive a distribution under the Plan constitutes an unsecured claim against the general assets of
the Company and the Participant’s Employer or former Employer, and neither the Participant nor his
or her Beneficiary has any rights in or against any amount credited to an Account or any other
specific assets. The Plan constitutes a mere promise by the Company to make benefit payments in
the future.

     3.6 Investment of Contributions. Deemed earnings will be applied throughout the year to all
amounts credited to an Account (referred to as “interest or other earnings”) until the Account has
been fully distributed to the Participant or Beneficiary. Deemed earnings may be positive or
negative in accordance with the Participant’s elected investment.

SECTION 4

DESIGNATION OF BENEFICIARY

     4.1 Designation of Beneficiary. A Participant may designate a Beneficiary to receive any part
of the Participant’s Account. A Beneficiary may be designated at any time before the Participant
dies and may be revoked or changed at any time in accordance with procedures established by the
Committee. A designation or change of designation that names a Beneficiary other than the
Participant’s spouse will be effective only if spousal consent is provided. If the Participant
fails to designate a Beneficiary, or if no Beneficiary survives the Participant, the Participant’s
Account will be paid to the Participant’s estate. Beneficiary designations must be on the form
attached as Appendix 2. A single Beneficiary designation will apply to amounts under the Oracle
Corporation 1993 Deferred Compensation Plan and this Plan and, for the avoidance of doubt, to
contributions to the PeopleSoft Plan in 2005 and later years that were transferred to this Plan.

6

 

SECTION 5

CODE SECTION 409A

     5.1 General Compliance. The Plan is designed to comply with Code section 409A and is to be
construed and administered, where possible, to comply with section 409A. Neither the Company or
Employer nor the Committee is obligated to take any action that the Company’s counsel determines
would result in taxation under Code section 409A. If the Company or its counsel determines that
any Plan provision or feature does not comply with Code section 409A, that provision or feature
will be null and void to the extent required to avoid taxation under section 409A.

     5.2 No Express or Implied Warranties. Although the Company intends to administer the Plan to
prevent taxation under Code section 409A, the Employers do not represent or warrant that the Plan
will comply with Code section 409A or any other provision of federal, state, local, or non-United
States law. The Company, its affiliates or subsidiaries, and their respective directors, officers,
employees and advisers will not be liable to any person for any tax, interest, or penalties that
might be owed with respect to an Account.

     5.3 Permissible Accelerations and Delays. The Company reserves the right, exercisable in its
sole discretion, to accelerate payments under this Plan to the extent permitted by, and in
accordance with, Treas. Reg. §1.409A-3(j)(4). In addition, the Company reserves the right,
exercisable in its sole discretion, to delay payments under this Plan to the extent permitted by,
and in accordance with, Treas. Reg. §1.409A-2(b)(7).

     5.4 Specified Employees. Notwithstanding any other provision of this Plan, any distribution
that is not exempt from Code section 409A and that is to be paid upon Termination of Employment
(other than as a result of death) to a “specified employee” (as defined under Code section 409A)
will not be paid sooner than six months and one day following the Termination of Employment.

SECTION 6

TRUST PROVISIONS

     6.1 Trust Agreement. The Company may establish the Trust, which shall comply with the model
trust provisions set forth in Revenue Procedure 92-64 (or any successor ruling or regulation that
establishes or provides guidance on an IRS model rabbi trust), for the purpose of retaining assets
set aside by the Company or any Employer pursuant to the Trust Agreement for payment of all or a
portion of the amounts payable pursuant to the Plan. Any benefits not paid from the Trust shall be
paid from the Company’s or the Employer’s general funds, and any benefits paid from the Trust shall
be credited against and reduce by a corresponding amount the Company’s or Employer’s liability to
Employees under the Plan. All Trust Funds shall be subject to the claims of general creditors of
both the Company and any Employer in the event the Company or Employer is Insolvent as defined in
Section 3 of the Trust Agreement. The obligations of the Company and Employer to pay benefits
under the Plan constitute an unfunded, unsecured promise to pay and Employees shall have no greater
rights than general

7

 

creditors of the Company or Employer. It is the Company’s intention that the arrangements be
unfunded for tax purposes and for purposes of Title I of ERISA.

SECTION 7

CLAIMS PROCEDURE

     7.1 Claims Procedure. If any Participant or his or her Beneficiary has a claim for benefits
that have not been paid, that person (“claimant”) may file with the Committee a written claim
providing the amount and nature of the claim, supporting facts, and the claimant’s address. Claims
for benefits must be filed as soon as reasonably practicable after the occurrence of the facts on
which the claim is based. The Committee shall notify each claimant of its decision in writing by
registered or certified mail within sixty (60) days after its receipt of a claim or, under special
circumstances, within ninety (90) days after its receipt of a claim; and if the Committee
determines that payment is to be made, payment will be made within 90 days after the date by which
notification is required. If a claim is denied, the written notice of denial shall set forth the
reasons for such denial, refer to pertinent Plan provisions on which the denial is based, describe
any additional material or information necessary for the claimant to realize the claim, and explain
the claims review procedure under the Plan.

     7.2 Claims Review Procedure. A claimant whose claim has been denied, or such claimant’s duly
authorized representative, may file, within sixty (60) days after notice of such denial is received
by the claimant, a written request for review of such claim by the Committee. If a request is so
filed, the Committee shall review the claim and notify the claimant in writing of its decision
within sixty (60) days after receipt of such request. In special circumstances, the Committee may
extend for up to sixty (60) additional days the deadline for its decision. The notice of the final
decision of the Committee shall include the reasons for its decision and specific references to the
Plan provisions on which the decision is based. If the final decision is that payment is to be
made, payment will be made within 90 days after the date by which notification of the final
decision is required. The decision of the Committee shall be final and binding on all parties.

SECTION 8

AMENDMENT AND TERMINATION

     8.1 Amendment. The Committee may amend this Plan at any time with either or both retroactive
and prospective effect. It is intended that all Plan amendments comply with Code section 409A.
Amendments will be effective upon the date stated in the amendment and will be binding on all
Participants and Beneficiaries, except as otherwise provided in the amendment. No amendment may
adversely affect a Participant’s accrued benefits without the Participant’s written approval. Any
rights to benefits under this Plan created by an employment agreement in effect between the Company
or Employer and an Employee are subject to amendments to this Plan.

     8.2 Termination. The Committee may terminate the Plan and distribute Accounts to Employees in
accordance with Code section 409A.

8

 

SECTION 9

ADMINISTRATION

     9.1 Administration. The Committee has complete authority to administer the Plan, interpret
the terms of the Plan, determine eligibility of Employees to participate in the Plan, and make all
other determinations and take all other actions in accordance with the terms of the Plan and the
Trust Agreement. Any determination or decision by the Committee shall be conclusive and binding on
all persons who at any time have or claim to have any interest whatever under this Plan.

     9.2 Liability of Committee, Indemnification. To the extent permitted by law, the Committee
shall not be liable to any person for any action taken or omitted in connection with the
interpretation and administration of this Plan unless attributable to his or her own bad faith or
willful misconduct.

     9.3 Expenses. The costs of establishing and adopting the Plan, including but not limited to
legal and accounting fees, will be borne by the Company or the Employer. The expenses of
administering the Plan will be borne by the Trust. The Company or Employer will bear any tax
liability associated with the Trust’s investment of assets and will not be reimbursed by the Trust
for those costs.

SECTION 10

GENERAL AND MISCELLANEOUS

     10.1 Rights Against the Company. Except as expressly provided by the Plan, this Plan shall
not be construed as giving to any Employee, Participant, Beneficiary, or any other person any
legal, equitable or other rights against the Company or an Employer, or against any officers,
directors, agents or shareholders, or as giving to any Participant or Beneficiary any equity or
other interest in the assets, business or shares of the Company or Employer stock or giving any
Employee the right to be retained in the employment of the Company or an Employer. All Employees
are subject to discharge (with or without cause) to the same extent they would have been if this
Plan had never been adopted. The rights of an Employee hereunder are solely those of an unsecured
general creditor of the Company or an Employer. Nothing in the Plan should be construed to require
any contributions to the Plan on behalf of an Employee, Participant, or Beneficiary by the Company
or an Employer.

     10.2 Assignment or Transfer. No right, title or interest of any kind in the Plan is
transferable or assignable by any Participant or Beneficiary or subject to alienation,
anticipation, sale, pledge, encumbrance, garnishment, attachment, execution or levy of any kind,
whether voluntary or involuntary, nor subject to the debts, contracts, liabilities, engagements, or
torts of the Participant or Beneficiary. Any attempt to alienate, anticipate, encumber, sell,
transfer, assign, pledge, garnish, attach or otherwise subject to legal or equitable process or
encumber or dispose of any interest in the Plan shall be void.

     10.3 Severability. The provisions of this Plan are fully severable. Accordingly, any
declaration that a provision of this Plan is illegal or invalid for any reason will not

9

 

affect the remaining provisions of this Plan, and this Plan will be construed and enforced as
if any illegal or invalid provision had never existed.

     10.4 Construction. The article and section headings and numbers are included only for
convenience of reference and are not to be taken as limiting or extending the meaning of any of the
terms and provisions of this Plan. Whenever appropriate, words used in the singular shall include
the plural or the plural may be read as the singular. When used herein, the masculine gender
includes the feminine gender.

     10.5 Governing Law. The validity and effect of this Plan and the rights and obligations of
all persons affected hereby shall be construed and determined in accordance with the laws of the
State of California unless superseded by federal law, which shall govern correspondingly.

     10.6 Payment Due to Incompetence. If the Committee receives evidence that an Employee or
Beneficiary entitled to receive any payment under the Plan is physically or mentally incompetent to
receive such payment, the Committee may, in its sole and absolute discretion, direct the payment to
any other person or Trust which has been legally appointed by the courts.

     10.7 Taxes. All amounts payable hereunder shall be reduced by any and all federal, state,
local, and employment taxes imposed upon the Participant or his or her Beneficiary which are
required to be paid or withheld by the Company or Employer. Amounts deferred will be taken into
account for purposes of any tax or withholding obligation under the Federal Insurance Contribution
Act and Federal Unemployment Tax Act, not in the year distributed, but at the later of the year the
services are performed or the year in which the rights to the amounts are no longer subject to a
substantial risk of forfeiture, as required by sections 3121(v)(2) and 3306(r)(2) of the Code.
Amounts required to be withheld in accordance with Code section 3121(v)(2) will be withheld out of
other current wages paid by the Participant’s Employer or, if current wages are insufficient, out
of the amount of Base Salary or Variable Compensation elected to be deferred. The determination of
the Company or Employer regarding applicable income and employment tax withholding requirements
shall be final and binding on Employee.

	 	 	 	 	 
	 	ORACLE CORPORATION

 	 
	 	By:  	/s/ Joyce Westerdahl
 	 
	 	 	Name:  	Joyce Westerdahl 	 
	 	 	Title:  	Senior Vice President, Human Resources

12/22/08 	 

10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}]]