Document:

2004 Stock Incentive Plan

 Exhibit 10.11 

ENVESTNET ASSET MANAGEMENT GROUP, INC. 

2004 STOCK INCENTIVE PLAN 

(As amended and restated effective December 30, 2004) 

ARTICLE I 

GENERAL 

1.1. Purpose. The Envestnet Asset Management Group, Inc. 2004 Stock Incentive Plan (the “Plan”) has been established by
Envestnet Asset Management Group, Inc., a Delaware corporation (the “Company”), to (i) attract and retain key employees, (ii) motivate participating individuals by means of appropriate incentives to achieve long-range goals,
(iii) provide incentive compensation opportunities that are competitive with those of other similar corporations; and (iv) further align Participants’ interests with those of the Company’s other stockholders through compensation
that is based on the Company’s common stock; thereby promoting the long-term financial interest of the Company, including the growth in value of the Company’s equity and enhancement of long-term stockholder return. Capitalized terms in the
Plan shall be defined as set forth in the Plan (including the definition provisions of Article 9). 
 1.2. Participation.
Subject to the terms and conditions of the Plan, the Board shall determine and designate, from time to time, from among the employees and consultants to the Company and the Related Companies, those persons who will be granted one or more Awards
under the Plan, and thereby become “Participants” in the Plan. In the discretion of the Board, and subject to the terms of the Plan, a Participant may be granted any Award permitted under the provisions of the Plan, and more than one Award
may be granted to a Participant. Except as otherwise agreed by the Company and the Participant, or except as otherwise provided in the Plan, an Award under the Plan shall not affect any previous Award under the Plan or an award under any other plan
maintained by the Company or the Related Companies. 
 ARTICLE II 

ADMINISTRATION 

2.1. Administration. The authority to control and manage the operation and administration of the Plan shall be vested in the Board
of Directors of the Company in accordance with this Article 2; provided, however, the Board, in its sole discretion, may delegate all or any portion of its authority under the Plan to a committee of the Board in which case references to the Board in
the Plan (except with respect to the amendment and termination authority under Article 8) shall be deemed to refer to such committee. 

2.2. Powers of Board. The Board’s authority to manage and control the operation and administration of the Plan shall be
subject to the following: 
  

	 	(a)	 Subject to the provisions of the Plan, the Board will have the authority and discretion to select employees and consultants to the Company who will
receive 

	 	 
Awards, to determine the time or times of receipt, to determine the types of Awards and the number of shares covered by the Awards, to establish the terms, conditions, performance criteria,
restrictions, and other provisions of such Awards, and (subject to the restrictions imposed by Article 8) to cancel or suspend Awards. In making such Award determinations, the Board may take into account the nature of services rendered by the
respective individual, his or her present and potential contribution to the Company’s success and such other factors as the Board deems relevant. 

  

	 	(b)	The Board will have the authority and discretion to interpret the Plan, to establish, amend, and rescind any rules and regulations relating to the Plan, to determine
the terms and provisions of any agreements made pursuant to the Plan, and to make all other determinations that may be necessary or advisable for the administration of the Plan. 

 

	 	(c)	Any interpretation of the Plan by the Board and any decision made by it under the Plan is final and binding on all Participants and their beneficiaries.

 2.3. Delegation by Board. Except to the extent prohibited by applicable law or the rules of any stock
exchange, the Board may allocate all or any portion of its responsibilities and powers to any one or more of its members and may delegate all or any part of its responsibilities and powers to appropriate officers and employees selected by it. Any
such allocation or delegation may be revoked by the Board at any time. 
 2.4. Information to be Furnished to Board. The
Company and Related Companies shall furnish the Board with such data and information as may be required for it to discharge its duties hereunder. The records of the Company and Related Companies as to an employee’s or Participant’s
employment, termination of employment, leave of absence, reemployment and compensation shall be conclusive on all persons unless determined to be incorrect. Participants and other persons entitled to benefits under the Plan must furnish the Board
such evidence, data or information as the Board considers desirable to carry out the terms of the Plan. 
 2.5. Liability and
Indemnification of Board. No member or authorized delegate of the Board shall be liable to any person for any action taken or omitted in connection with the administration of the Plan unless attributable to his own fraud or willful misconduct;
nor shall the Company or any Related Company be liable to any person for any such action unless attributable to fraud or willful misconduct on the part of a director or employee of the Company or Related Company. The Board, the individual members
thereof, and persons acting as the authorized delegates of the Board under the Plan, shall be indemnified by the Company against any and all liabilities, losses, costs and expenses (including legal fees and expenses) of whatsoever kind and nature
which may be imposed on, incurred by or asserted against the Board or its members or authorized delegates by reason of the performance of a Board function if the Board or its members or authorized delegates did not act dishonestly or in willful
violation of the law or regulation under which such liability, loss, cost or expense arises. This indemnification shall not duplicate but may supplement any coverage available under any applicable insurance. 

 

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 ARTICLE III 

OPTIONS 

3.1. Definitions. The grant of an “Option” entitles the Participant to purchase shares of Stock at a price fixed at the
time the Option is granted, subject to the terms of this Article 3. Options granted under this Article 3 may be either Incentive Stock Options or Non-Qualified Stock Options, as determined in the discretion of the Board. An “Incentive Stock
Option” is an Option that is intended to satisfy the requirements applicable to an “incentive stock option” described in Section 422(b) of the Code. A “Nonqualified Stock Option” is an Option that is not an Incentive
Stock Option. To the extent that an Option intended to satisfy the requirements of Code Section 422(b) does not satisfy such requirements, such Option shall be treated as a Nonqualified Stock Option. 

3.2. Eligibility. The Board shall designate the Participants to whom Options are to be granted under this Article 3 and shall
determine the number of shares of Stock subject to each such Option; provided, however, that Incentive Stock Options may only be granted to officers or other employees (as defined in accordance with Section 3401(c) of the Code) of the Company
or any Related Company. 
 3.3. Price. The determination and payment of the purchase price of a share of Stock under each
Option granted under this Article 3 shall be subject to the following: 
  

	 	(a)	The purchase price shall be established by the Board and set forth in the applicable Option agreement, provided that: 

 

	 	(i)	in the case of an Incentive Stock Option, the per share purchase price shall be no less than one hundred percent (100%) of the Fair Market Value of a share of
Stock on the date of grant (or in the case of a grant to an employee (a “10% Owner”) who, at the time of the grant of such Option, owns (or is treated as owning under Section 424 of the Code) stock representing more than ten percent
(10%) of the voting power of all classes of stock of the Company or any “parent corporation” or “subsidiary corporation” thereof within the meaning of Section 424(e) and 424(f), respectively, of the Code, the per share
purchase price shall be no less than one hundred ten percent (110%) of the Fair Market Value of a share on the date of grant); and 

  

	 	(ii)	in the case of a Nonqualified Stock Option, the per share purchase price shall be no less than eighty-five percent (85%) of the Fair Market Value of a share on the
date of grant. 

  

	 	(b)	 Subject to the following provisions of this Section 3.3, the full purchase price of each share of Stock purchased upon the exercise of any Option
shall be paid at the time of such exercise (except that, in the case of a cashless exercise arrangement 

  

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approved by the Board, payment may be made as soon as practicable after the exercise) and, as soon as practicable thereafter, the shares so purchased shall be delivered to the person entitled
thereto. 

  

	 	(c)	The purchase price shall be payable in cash, or, with the consent of the Board, in shares of Stock (valued at Fair Market Value as of the day of exercise), or any
combination thereof. The Board may require that any shares of Stock tendered in payment of the purchase price have been held by the Participant at least six months. 

 

	 	(d)	A Participant may elect to pay the purchase price upon the exercise of an Option through a cashless exercise arrangement to the extent permitted by the Board and
applicable law. 

 3.4. Exercise. Except as otherwise expressly provided in the Plan, an Option granted
under this Article 3 shall be exercisable in accordance with the following terms of this Section 3.4: 
  

	 	(a)	The terms and conditions relating to exercise of an Option shall be established by the Board, and may include, without limitation, conditions relating to completion of
a specified period of service or achievement of performance standards prior to exercise of the Option; provided, however, that except with respect to Options granted to officers, directors or consultants, in no event shall an Option granted
hereunder become vested and exercisable at a rate of less than twenty percent (20%) per year over five (5) years from the date the Option is granted, subject to reasonable conditions, such as continuing to be a service provider.

  

	 	(b)	No Option may be exercised after the Expiration Date applicable to that Option. 

 

	 	(c)	The exercise of an Option will result in the surrender of any tandem Stock Appreciation Right. 

3.5. Post-Exercise Limitations. The Board, in its discretion, may impose such restrictions on shares of Stock acquired pursuant to
the exercise of an Option (including stock acquired pursuant to the exercise of a tandem Stock Appreciation Right) as it determines to be desirable, including, without limitation, restrictions relating to disposition of the shares and such other
factors as the Board determines to be appropriate. 
 3.6. Expiration Date. The “Expiration Date” with respect
to an Option means the date established as the Expiration Date by the Board; provided, however, unless determined otherwise by the Board, the Expiration Date with respect to any option shall not be later than the earliest to occur of: 

 

	 	(a)	the ten-year anniversary of the date on which the Option is granted; 

  

	 	(b)	if the Participant’s Date of Termination occurs by reason of the Participant’s death or Disability, the date which is six (6) months after such Date of
Termination; 

  

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	 	(c)	if the Participant’s Date of Termination occurs by reason of Cause, such Date of Termination; or 

 

	 	(d)	if the Participant’s Date of Termination occurs for reasons other than death, Disability or Cause, the day which is 30 days after such Date of Termination;

 provided, however, that to the extent required by applicable securities laws, in the event of a Participant’s termination
of service for any reason other than Cause, the Option shall remain exercisable, to the extent exercisable on the Date of Termination, for a period of at least thirty (30) days following the Date of Termination (or six (6) months following
the Date of Termination in the case of a termination due to the Participant’s death or Disability). Any portion of an Option that is not vested on the Participant’s Date of Termination shall be forfeited and may not thereafter be
exercised. 
 3.7. Incentive Stock Options. The terms of any Incentive Stock Options granted pursuant to the Plan shall
comply with the following additional provisions of this Section 3.7: 
  

	 	(a)	An Incentive Stock Option granted to a 10% Owner shall not be exercisable after the fifth anniversary of the date of grant. 

 

	 	(b)	The aggregate Fair Market Value (determined at the time the Option is granted) of all shares of stock with respect to which Incentive Stock Options are first
exercisable by a Participant in any calendar year may not exceed $100,000 or such other limitation as imposed by Section 422(d) of the Code, or any successor provision. To the extent that Incentive Stock Options are first exercisable by a
Participant in excess of such limitation, the excess shall be considered Nonqualified Stock Options. 

  

	 	(c)	The Participant shall give the Company prompt notice of any disposition of shares of Stock acquired upon the exercise of an Incentive Stock Option within (i) two
years after the date of grant of such Incentive Stock Option or (ii) one year after the transfer of shares of Stock to the Participant. 

  

	 	(d)	During a Participant’s lifetime, an Incentive Stock Option may be exercised only by the Participant. 

ARTICLE IV 

STOCK APPRECIATION RIGHTS 

4.1. Definition. Subject to the terms of this Article 4, a Stock Appreciation Right granted under the Plan entitles the
Participant to receive, in cash or Stock (as determined in accordance with Section 4.4), value equal to all or a portion of the excess of: (a) the Fair Market Value of a specified number of shares of Stock at the time of exercise; over
(b) a specified price or, 
  

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if granted in tandem with an Option, the exercise price with respect to shares under the tandem Option. 

4.2. Eligibility. Subject to the provisions of the Plan, the Board shall designate the Participants to whom Stock Appreciation
Rights are to be granted under the Plan, shall determine the exercise price with respect to each such Stock Appreciation Right, and shall determine the number of shares of Stock on which each Stock Appreciation Right is based. A Stock Appreciation
Right may be granted in tandem with all or any portion of a previously or contemporaneously granted Option or not in tandem with an Option. 

4.3. Exercise. The exercise of Stock Appreciation Rights shall be subject to the following: 

 

	 	(a)	If a Stock Appreciation Right is not in tandem with an Option, then the Stock Appreciation Right shall be exercisable in accordance with the terms established by the
Board in connection with such rights, and may include, without limitation, conditions relating to completion of a specified period of service or the achievement of performance standards prior to exercise of the Stock Appreciation Rights. However, no
Stock Appreciation Right may be exercised by a Participant after the Expiration Date applicable to that Stock Appreciation Right. 

  

	 	(b)	If a Stock Appreciation Right is in tandem with an Option, then the Stock Appreciation Right shall be exercisable at the time the tandem Option is exercisable. The
exercise of a Stock Appreciation Right will result in the surrender of the corresponding rights under the tandem Option. 

4.4. Settlement of Award. Upon the exercise of a Stock Appreciation Right, the value to be distributed to the Participant, in
accordance with Section 4.1, shall be distributed in cash, in shares of Stock (valued at their Fair Market Value at the time of exercise), or in a combination thereof, in the discretion of the Board. 

4.5. Post-Exercise Limitations. The Board, in its discretion, may impose such restrictions on shares of Stock acquired pursuant to
the exercise of a Stock Appreciation Right as it determines to be desirable, including, without limitation, restrictions relating to disposition of the shares and forfeiture restrictions based on service, performance, and such other factors as the
Board determines to be appropriate. 
 4.6. Expiration Date. If a Stock Appreciation Right is not in tandem with an
Option, then the “Expiration Date” for the Stock Appreciation Right shall be the date established as the Expiration Date by the Board; provided, however, unless determined otherwise by the Board, and subject to the following provisions of
this Section 4.6, the Expiration Date with respect to any Stock Appreciation Right shall not be later than the earliest to occur of: 
  

	 	(a)	the ten-year anniversary of the date on which the Stock Appreciation Right is granted; 

 

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	 	(b)	if the Participant’s Date of Termination occurs by reason of death or Disability, the date which is six (6) months after such Date of Termination;

  

	 	(c)	if the Participant’s Date of Termination occurs by reason of Cause, such Date of Termination; or 

 

	 	(d)	if the Participant’s Date of Termination occurs for reasons other than death, Disability or Cause, the date which is 30 days after such Date of Termination.

 If a Stock Appreciation Right is in tandem with an Option, then the “Expiration Date” for the Stock Appreciation
Right shall be the Expiration Date for the related Option. Any portion of a Stock Appreciation Right that is not vested on the Participant’s Date of Termination shall be forfeited and may not thereafter be exercised. 

ARTICLE V 

RESTRICTED STOCK AND UNIT AWARDS 

5.1. Definitions. “Restricted Stock” is a grant of shares of Stock, and a “Restricted Stock Unit” is the grant
of the right to receive shares of Stock in the future, with such shares of Stock, or right to future delivery, subject to a risk of forfeiture or other restrictions. The period beginning on the date of grant of Restricted Stock or Restricted Stock
Units and ending on the date of vesting of such Stock or units, is referred to as the “Restricted Period.” 
 5.2.
Eligibility; Terms of Awards. The Board shall designate the Participants to whom Restricted Stock or Restricted Stock Units are to be granted, the number of shares of Stock or units that are subject to each such Award, subject to such
restrictions, limitations and conditions as the Board, in its sole discretion, deems appropriate, and the purchase price to be paid for such Restricted Stock or Restricted Stock Units, if any; provided, however, that to the extent required to comply
with applicable securities laws, the purchase price shall not be less than the purchase price requirements set forth in Section 260.140.42 of Title 10 of the California Code of Regulations. 

5.3. Restricted Period. During the Restricted Period with respect to an Award of Restricted Stock, in addition to the other terms
and conditions established by the Board, the following terms and conditions shall apply: 
  

	 	(a)	The shares of Restricted Stock may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated until the termination of the applicable Restricted
Period. All rights with respect to the Restricted Stock granted to a Participant under the Plan shall be exercisable during his or her lifetime only by such Participant. 

 

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	 	(b)	The Participant shall be treated as the owner of shares of Restricted Stock (but not Restricted Stock Units) and shall have the right to vote such shares and shall be
entitled to receive all dividends and other distributions paid with respect to the Restricted Stock. If any such dividends or distributions are paid in shares of Stock or other property, such shares or property shall be subject to the same
restrictions as the shares of Restricted Stock with respect to which they were paid. 

 5.4. Removal of
Restrictions. Except as otherwise provided in the Plan or an Award Agreement, as soon as practicable after the end of the Restricted Period, the Company shall transfer to the Participant one or more Stock certificates for the appropriate number
of shares then vesting, which shall be free from all restrictions except as otherwise provided by the Company in a stockholder or similar agreement in accordance with Section 7.5(c). Restricted Stock Units for which the Restricted Period has
ended may be paid in cash, shares of Stock, or any combination thereof, as determined by the Board. 
 ARTICLE VI

 CHANGE IN CONTROL 

If a Change in Control occurs and a Participant’s Awards are not converted, assumed or replaced, in a manner consistent with
Section 7.3 below, by the surviving or successor entity or its parent or subsidiary in connection with such Change in Control, such Awards shall become fully vested and exercisable, and all forfeiture restrictions on such Awards shall lapse.
Upon, or in anticipation of, a Change in Control, the Board may cause any and all Awards outstanding hereunder to terminate at a specific time in the future and shall give each Participant the right to exercise his or her outstanding Awards during
such period of time as the Board, in its sole discretion, shall determine. The Board shall have sole discretion to determine whether an Award has been converted, assumed or replaced by the surviving or successor entity in connection with a Change in
Control. 
 ARTICLE VII 

MISCELLANEOUS 

7.1. Effective Date. The Plan was originally effective as of March     , 2004 (the “Effective
Date”). The Plan shall be unlimited in duration and, in the event of Plan termination, shall remain in effect as long as any Awards under it are outstanding; provided, however, that no Incentive Stock Options may be granted under the Plan on a
date that is more than ten years from the date the Plan is adopted or, if earlier, the date the Plan is approved by stockholders. 

7.2. Shares Subject to Plan. The shares of Stock with respect to which Awards may be made under the Plan shall be shares currently
authorized but unissued or currently held or subsequently acquired by the Company as treasury shares, including shares purchased in the open market or in private transactions. Subject to the provisions of Section 7.3 and the following

  

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provisions of this Section 7.2, the number of shares of Stock which may be issued with respect to Awards under the Plan shall not exceed 15,866,666 shares in the aggregate. Except as
otherwise provided herein, any shares subject to an Award which for any reason expires or is terminated without issuance of shares (whether or not cash or other consideration is paid to a Participant in respect of such shares) shall again be
available for Awards under the Plan. 
 7.3. Adjustments to Shares. In the event of any merger, consolidation,
reorganization, recapitalization, spinoff, stock dividend, stock split, reverse stock split, exchange or other distribution with respect to shares of Stock or other change in corporate structure or capitalization affecting the Stock, the type and
number of shares of Stock which are or may be subject to Awards under the Plan and the terms of any outstanding Awards (including the number of shares subject to the Award and the price, if applicable, at which they may be purchased) shall be
equitably adjusted by the Board, in its sole discretion, to preserve the value of the benefits awarded or to be awarded to Participants under the Plan; provided, however, in the event of a Change in Control, the Committee may equitably substitute
Awards with respect to the securities of the successor or surviving entity for Awards under the Plan or cancel outstanding Awards, provided that notice of such cancellation is given to Participants and Participants shall either (i) have the
right to exercise all Awards prior to the Change in Control, or (ii) receive the cash equivalent value of such cancelled Awards 

7.4. Dividend Equivalents. Awards under the Plan may, in the sole discretion of the Board and if provided for in the relevant
Award Agreement, earn dividend equivalents. If so provided, then with respect to any such Award which is outstanding on the dividend record date for Stock, the Participant shall be credited with an amount equal to the amount of cash or stock
dividends that would have been paid on the shares of Stock covered by such Award had such covered shares been issued and outstanding on such dividend record date. The Board shall establish rules and procedures governing the crediting of dividend
equivalents, including, without limitation, the amount, timing, form of payment, and other conditions and restrictions applicable to such dividend equivalents. 

7.5. Limit on Distribution. Distribution of shares of Stock or other amounts under the Plan shall be subject to the following:

  

	 	(a)	Notwithstanding any other provision of the Plan, the Company shall have no liability to deliver any shares of Stock under the Plan or make any other distribution of
benefits under the Plan unless such delivery or distribution would comply with all applicable laws and the applicable requirements of any securities exchange or similar entity. 

 

	 	(b)	To the extent that the Plan provides for issuance of certificates to reflect the transfer of shares of Stock, the transfer of such shares may be effected on a
non-certificated basis, to the extent not prohibited by applicable law or the rules of any stock exchange. 

  

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	 	(c)	As a condition of transferring any shares of Stock under the Plan, the Board may require that the Participant enter into a stockholder or similar agreement restricting
or limiting the Participant’s right to transfer such shares of Stock and such other provisions as the Board deems desirable. 

  

	 	(d)	As a condition of transferring any shares of Stock under the Plan, the Board may require that the Participant provide to the Company such representations and documents
as the Board, in its sole discretion, deems necessary or advisable to effect compliance with all applicable laws. 

7.6. Withholding. All Awards and other payments under the Plan are subject to withholding of all applicable taxes, which
withholding obligations may be satisfied, with the consent of the Board, through the surrender of shares of Stock which the Participant already owns, or to which a Participant is otherwise entitled under the Plan and which have a Fair Market Value
equal to the minimum amount required to be withheld based on the statutory withholding rates for federal and state tax purposes that apply to supplemental taxable income; provided that such surrender shall not be permitted if the Board determines it
would result in a charge to earnings for financial accounting purposes that would not otherwise have been incurred. 
 7.7.
Transferability. Awards under the Plan are not transferable except as designated by the Participant by will or by the laws of descent and distribution; provided, however, the Board may permit a Participant to transfer a Nonqualified Stock
Option or Restricted Stock Award to the Participant’s immediate family members or to a trust or partnership for the benefit of the Participant or his or her immediate family members, subject to applicable law and such rules and limitations as
the Board may establish. To the extent that a Participant who receives an Award under the Plan has the right to exercise such Award, the Award may be exercised during the lifetime of the Participant only by the Participant. 

7.8. Notices. Any notice or document required to be filed with the Board under the Plan will be properly filed if delivered or
mailed by registered mail, postage prepaid, to the Board, in care of the Company, at its principal executive offices. The Board may, by advance written notice to affected persons, revise such notice procedure from time to time. Any notice required
under the Plan (other than a notice of election) may be waived by the person entitled to notice. 
 7.9. Form and Time of
Elections. Unless otherwise specified herein, each election required or permitted to be made by any Participant or other person entitled to benefits under the Plan, and any permitted modification or revocation thereof, shall be in writing filed
with the Board at such times, in such form, and subject to such restrictions and limitations, not inconsistent with the terms of the Plan, as the Board shall require. 

7.10. Agreement With Company. At the time of an Award to a Participant under the Plan, the Board may require a Participant to
enter into an agreement with the Company (the “Agreement”) in a form specified by the Board, agreeing to the terms and conditions of the Plan and to such additional terms and conditions, not inconsistent with the Plan, as the Board may, in
its sole discretion, prescribe. 
  

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 7.11. Limitation of Implied Rights. 

 

	 	(a)	Neither a Participant nor any other person shall, by reason of the Plan, acquire any right in or title to any assets, funds or property of the Company or any Related
Company whatsoever, including, without limitation, any specific funds, assets, or other property which the Company or any Related Company, in their sole discretion, may set aside in anticipation of a liability under the Plan. A Participant shall
have only a contractual right to the amounts, if any, payable under the Plan, unsecured by any assets of the Company or any Related Company. Nothing contained in the Plan shall constitute a guarantee by any of the Company or any Related Company that
the assets of such companies shall be sufficient to pay any benefits to any person. 

  

	 	(b)	The Plan does not constitute a contract of employment, and selection as a Participant will not give any employee the right to be retained in the employ of the Company
or any Related Company, nor any right or claim to any benefit under the Plan, unless such right or claim has specifically accrued under the terms of the Plan. Except as otherwise provided in the Plan, no Award under the Plan shall confer upon the
holder thereof any right as a stockholder of the Company prior to the date on which he or she fulfills all service requirements and other conditions for receipt of such rights. 

7.12. Benefits Under Qualified Retirement Plans. Awards to a Participant (including the grant and the receipt of benefits) under
the Plan shall be disregarded for purposes of determining the Participant’s benefits under any Qualified Retirement Plan. 

7.13. Evidence. Evidence required of anyone under the Plan may be by certificate, affidavit, document or other information which
the person acting on it considers pertinent and reliable, and signed, made or presented by the proper party or parties. 
 7.14.
Action by Company or Related Company. Any action required or permitted to be taken by the Company or any Related Company shall be by resolution of its board of directors, or by action of one or more members of the board (including a committee
of the board) who are duly authorized to act for the board, or (except to the extent prohibited by applicable law or the rules of any stock exchange) by a duly authorized officer of such company. 

7.15. Gender and Number. Where the context admits, words in any gender shall include any other gender, words in the singular shall
include the plural and the plural shall include the singular. 
 7.16. Stockholder Approval of Plan. The Plan shall be
submitted for the approval of the Company’s stockholders within twelve (12) months after the date of the Board’s initial adoption of the Plan. Awards may be granted or awarded prior to such stockholder approval, provided that such
Awards shall not be exercisable, shall not vest and the restrictions thereon shall not lapse prior to the time when the Plan is approved by the stockholders, and provided further that if such 

 

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approval has not been obtained at the end of said twelve-month period, all Awards previously granted or awarded under the Plan shall thereupon be canceled and become null and void. 

7.17. Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having
jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any shares hereunder, 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. 
 7.18. Financial Information. To the extent required by
Section 260.140.46 of Title 10 of the California Code of Regulations, the Company shall provide to each Participant and to each individual who acquires shares of Stock pursuant to the Plan, no less frequently than annually during the period
such Participant or purchaser has one or more Awards outstanding, and, in the case of an individual who acquires shares pursuant to the Plan, during the period such individual owns such shares, copies of annual financial statements. Notwithstanding
the preceding sentence, the Company shall not be required to provide such statements to key employees whose duties in connection with the Company assure their access to equivalent information. 

7.19. Repurchase Rights. To the extent required to comply with applicable securities laws, any repurchase right with respect to
shares covered by Awards under the Plan to a person who is not an officer, director or consultant of the Company or a Related Company shall be upon the following terms: (i) if the repurchase option gives the Company the right to repurchase the
shares upon termination as a service provider at not less than the Fair Market Value of the shares to be purchased on the Date of Termination, then (A) the right to repurchase shall be exercised for cash or cancellation of purchase money
indebtedness for the shares within ninety (90) days after the Date of Termination (or in the case of shares issued upon exercise of Awards after such Date of Termination, within ninety (90) days after the date of the exercise) or such
longer period as may be agreed to by the Company and the Participant and (B) the right terminates when the shares become publicly traded; and (ii) if the repurchase option give the Company the right to repurchase the shares upon
termination as a service provider at the original purchase price of such shares, then (A) the right to repurchase at the original purchase price shall lapse at the rate of at least twenty percent (20%) of the shares per year over five
(5) years from the date the Award is granted (without respect to the date on which the Award was exercised or became exercisable) and (B) the right to repurchase shall be exercised for cash or cancellation of purchase money indebtedness
for the shares within ninety (90) days of the Date of Termination (or, in the case of shares issued upon exercise of Awards after such Date of Termination, within ninety (90) days after the date of the exercise) or such longer period as
may be agreed to by the Company and the Participant. 
 ARTICLE VIII 

AMENDMENT AND TERMINATION 

The Board may, at any time, amend or terminate the Plan, provided that, subject to Section 7.3 (relating to certain adjustments to shares), no
amendment or termination may, in the absence of 
  

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written consent to the change by the affected Participant (or, if the Participant is not then living, the affected beneficiary), materially adversely affect the rights of any Participant or
beneficiary under any Award granted under the Plan prior to the date such amendment is adopted by the Board. However, without the approval of the Company’s stockholders, no amendment may be made and no action may be taken by the Board which
would otherwise require stockholder approval under applicable law, regulation or rule. 
 ARTICLE IX 

DEFINED TERMS 

For purposes of the Plan, the terms listed below shall be defined as follows: 

 

	 	(a)	Award. The term “Award” shall mean any award or benefit granted to any Participant under the Plan, including, without limitation, the grant of Options,
Stock Appreciation Rights, Restricted Stock and Restricted Stock Units. 

  

	 	(b)	Board. The term “Board” shall mean the Board of Directors of the Company. 

 

	 	(c)	Cause. The term “Cause”, with respect to any Participant, shall mean, in the reasonable judgment of the Board: 

 

	 	(i)	the willful and continued failure by the Participant to substantially perform his or her duties with the Company and Related Companies (other than any such failure
resulting from the Participant’s disability); 

  

	 	(ii)	the willful engaging by the Participant in conduct which is demonstrably injurious to the Company and Related Companies, monetarily or otherwise;

  

	 	(iii)	the engaging by the Participant in misconduct involving moral turpitude to the extent that the Participant’s credibility and reputation no longer conform to the
standard for the Company and Related Companies employees, directors or service providers, as applicable; or 

  

	 	(iv)	the Participant is convicted of a felony. 

For purposes of the Plan, no act, or failure to act, on an individual’s part shall be deemed “willful” unless done, or
omitted to be done, by the individual not in good faith and without reasonable belief that the individual’s action or omission was in the best interest of the Company or the Related Company, as applicable. 

 

	 	(d)	Change in Control. The term “Change in Control” means the occurrence of one of the following events: 

 

 13 

	 	(i)	The purchase or other acquisition by any person, entity or group of persons (within the meaning of section 13(d) or 14(d) of the Securities Exchange Act of 1934 (the
“Exchange Act”) or any comparable successor provisions), other than a Significant Stockholder or any of its affiliates, of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of either
the outstanding shares of common stock or the combined voting power of the Company’s then outstanding voting securities entitled to vote generally. 

  

	 	(ii)	The consummation of a reorganization, merger, or consolidation of the Company, in each case, with respect to which persons who were stockholders of the Company
immediately prior to such reorganization, merger or consolidation do not, immediately thereafter, own more than 50% of the combined voting power entitled to vote generally in the election of directors of the reorganized, merged or consolidated
Company’s then outstanding securities. 

  

	 	(iii)	A liquidation or dissolution of the Company or the sale of all or substantially all of the Company’s assets. 

 

	 	(e)	Code. The term “Code” means the Internal Revenue Code of 1986, as amended. A reference to any provision of the Code shall include reference to any
successor provision of the Code. 

  

	 	(f)	Date of Termination. A Participant’s “Date of Termination” shall be the date on which the Participant both ceases to be an employee of the Company
and Related Companies and ceases to perform any services for the Company or Related Companies as a director, consultant or otherwise; provided that a Participant’s employment shall not be considered terminated while the Participant is on a
leave of absence from the Company or a Related Company approved by the Company or Related Company. If, as a result of a sale or other transaction, the entity for which the Participant provides services ceases to be a Related Company (and such entity
is or becomes an entity that is separate from the Company), the occurrence of such transaction shall be treated as the Participant’s Date of Termination. 

 

	 	(g)	Disability. Except as otherwise provided by the Board, a Participant shall be considered to have a “Disability” during the period in which he is
unable, by reason of a medically determinable physical or mental impairment, to engage in any substantial gainful activity, which condition, in the opinion of a physician selected by the Board, is expected to have a duration of not less than 120
days. 

  

	 	(h)	Fair Market Value. The “Fair Market Value” of a share of Stock of the Company as of any date shall be determined as follow: 

 

 14 

	 	(i)	if the Stock is not publicly traded as of such date, the value determined in good faith by the Board, in its sole discretion; and 

 

	 	(ii)	if the Stock is publicly traded as of such date, the closing price of the Stock for such date, as reported on the securities exchange or automated quotation system on
which the Stock is primarily traded. 

  

	 	(i)	Option. The term “Option” shall mean any Incentive Stock Option or Nonqualified Stock Option granted under the Plan. 

 

	 	(k)	Qualified Retirement Plan. The term “Qualified Retirement Plan” means any plan of the Company or a Related Company that is intended to be qualified
under Section 401(a) of the Code. 

  

	 	(l)	Related Companies. The term “Related Company” means any company during any period in which it is a “subsidiary corporation” (as that term is
defined in Code Section 424(f)) with respect to the Company. 

  

	 	(m)	Significant Stockholder. The term “Significant Stockholder” means any of The Envestnet Group, Inc., GRP II, L.P., GRP II Partners, L.P., or GRP II
Investors, L.P. 

  

	 	(n)	Stock. The term “Stock” shall mean shares of common stock, $0.001 par value, of the Company. 

 

 15Oracle Corporation Employee Stock Purchase Plan

 Exhibit 10.02 

AMENDED AND RESTATED 

ORACLE CORPORATION 

EMPLOYEE STOCK PURCHASE PLAN (1992) 

(as amended and restated on October 1, 2009) 

The following constitute the provisions of the Amended and Restated Oracle Corporation Employee Stock Purchase Plan (1992), which was originally adopted
on August 24, 1992, and was amended and restated on March 22, 2002, February 8, 2005 and October 1, 2009. This version of the Plan is effective on and after October 1, 2009. For Offering Periods under the Plan ending on
or before September 30, 2009, refer to the version of the Plan as in effect for the applicable Offering Period. 
 1. PURPOSE

 This Plan is established to provide employees of the Company with an opportunity to purchase Common Stock through
accumulated payroll deductions. It is the intention of Oracle that the Plan qualify as an “Employee Stock Purchase Plan” under Section 423 of the Code. The provisions of the Plan shall, accordingly, be construed so as to extend and
limit participation in a manner consistent with the requirements of that section of the Code. In addition, this Plan document authorizes the grant of options under a non-423 plan which do not qualify under Section 423 of the Code pursuant to
rules, procedures or sub-plans adopted by the Company designed to achieve desired tax or other objectives in particular locations outside the United States. The term “Plan” used herein applies to both the Section 423 plan and the
non-423 plan. 
 2. DEFINITIONS 
  

	 	(a)	“Affiliate” means (i) any Subsidiary and (ii) any other entity in which the Company has an equity interest. 

 

	 	(b)	“Board” means the Board of Directors of Oracle or committees appointed by such Board. 

 

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

 

	 	(d)	“Common Stock” means the Common Stock, $0.01 par value, of Oracle. 

 

	 	(e)	“Company” means, together, Oracle, Participating Subsidiaries and Participating Affiliates. 

 

	 	(f)	“Compensation” means all base salary, wages, commissions, overtime, shift premiums and bonuses, plus draws against commissions.

  

 1 

	 	(g)	“Employee” means any person, including an officer, who is customarily employed for more than twenty (20) hours per week and more than five
(5) months in a calendar year by the Company. In the case of individuals who perform services for the Company in jurisdictions in which local law prohibits the Company from discriminating in its granting of benefits on the basis of number of
hours worked, the determination of who is an employee shall be made without regard to the number of hours worked. 

  

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

 

	 	(i)	“Exercise Date” means the last day of each Offering Period of the Plan. 

 

	 	(j)	“New Exercise Date” has the meaning set forth in Section 18 hereof. 

 

	 	(k)	“1987 Plan” means Oracle’s Employee Stock Purchase Plan (1987), as amended. 

 

	 	(m)	“Offering Date” means the first day of each Offering Period of the Plan. 

 

	 	(n)	“Offering Period” has the meaning set forth in Section 4 hereof. 

 

	 	(o)	“Oracle” means Oracle Corporation, a Delaware corporation. 

 

	 	(p)	“Participating Affiliate” means any Affiliate designated from time to time by the Board whose employees are eligible to participate in the Plan for
purposes of the grant of options that do not qualify under Section 423 of the Code pursuant to rules, procedures or sub-plans adopted by the Board designed to achieve desired tax or other objectives in particular locations outside the United
States. 

  

	 	(q)	“Participating Subsidiaries” means any Subsidiary which has not been excluded by the Board in its sole discretion as eligible to participate in the
Plan. 

  

	 	(r)	“Plan” means this Employee Stock Purchase Plan. 

  

	 	(s)	“Reserves” has the meaning set forth in Section 18 hereof. 

 

	 	(t)	“Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act, or any successor provision. 

 

	 	(u)	“Section 16(b)” means Section 16(b) of the Exchange Act, or any successor provision. 

 

	 	(v)	“Subsidiary” means any corporation (other than Oracle) in an unbroken chain of corporations beginning with Oracle if, at the time of granting options
under the Plan, each of the corporations (other than the last corporation) in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.

  

 2 

 3. ELIGIBILITY 

(a) Any Employee who shall be employed by the Company on the date his or her participation in the Plan is effective shall be eligible to
participate in the Plan, subject to limitations imposed by Section 423(b) of the Code, without regard to paragraph (4) of that section. 

(b) Unless expressly excluded from participation in the Plan by the Board, any eligible employee of any Participating Subsidiary is
eligible to participate in the Plan. Any eligible employee of any Participating Affiliate so designated by the Board is also eligible to participate in the Plan. Any such exclusions or designations by the Board will comply with Section 16.

 (c) Any provisions of the Plan to the contrary notwithstanding, no Employee shall be granted an option under the Plan
(i) if, immediately after the grant, such Employee (or any other person whose stock would be attributed to such Employee pursuant to Section 424(d) of the Code) would own stock and/or hold outstanding options to purchase stock possessing
five percent (5%) or more of the total combined voting power or value of all classes of stock of Oracle or of any Subsidiary of Oracle, or (ii) which permits his or her rights to purchase stock under all employee stock purchase plans of
Oracle and its Subsidiaries to accrue at a rate which exceeds Twenty-Five Thousand Dollars ($25,000) of fair market value of such stock (determined at the time such option is granted) for each calendar year in which such option is outstanding at any
time. The determination of the accrual of the right to purchase stock shall be made in accordance with Section 423(b)(8) of the Code and the regulations thereunder. 

4. OFFERING PERIODS 
 The
Plan shall be implemented by two offerings during each year of the Plan, commencing on or about October 1 and April 1 of each year, or as otherwise determined by the Board, and continuing thereafter for a period of six (6) months
(each, an “Offering Period”). The first Offering Period under the Plan shall commence on October 1, 1992. The Board shall have the power to change the duration of Offering Periods (both before and after any such Offering Period has
commenced) with respect to future offerings without stockholder approval. In no event, however, will any such Offering Period be longer than twenty-seven (27) months. 

5. PARTICIPATION 
 (a) An
eligible Employee may become a participant in the Plan by completing a subscription agreement authorizing payroll deductions on the form provided by the Company (or by following an electronic or other enrollment process as prescribed by the

  

 3 

 
Board) and filing it no later than the first day of an applicable Offering Period (or such earlier time as may be set by the Company’s employee stock services department for administrative
purposes) with (i) the Company’s employee stock services department for eligible Employees employed by Oracle or (ii) the officer of the applicable Participating Subsidiary or Participating Affiliate responsible for administering the
Plan on Oracle’s behalf for eligible Employees employed by any such Participating Subsidiary or Participating Affiliate. Subscription agreements filed by the participants under the 1987 Plan may be used to satisfy the subscription agreement
requirements of the Plan. Once an Employee becomes a participant in the Plan, such Employee will automatically participate in successive Offering Periods until such time as such Employee withdraws from the Plan, and is not required to file any
additional subscription amendments for subsequent Offering Periods to continue participation in the Plan. 
 (b) Payroll
deductions for a participant shall commence on the first payday following the Offering Date and shall end on the last payday before the Exercise Date of the Offering Period to which such authorization is applicable, unless sooner terminated by the
participant as provided in Section 10 or unless payroll deductions are determined by the Board to not be feasible in countries outside the United States. 

6. PAYROLL DEDUCTIONS 

(a) At the time a participant files his or her subscription agreement, he or she shall elect to have payroll deductions made on each
payday during the Offering Period in an amount not less than one percent (1%) and not exceeding any whole number percentage up to ten percent (10%) (or such greater percentage, as specified by the Board) of the Compensation which he or she
receives on each payday during the Offering Period. If the Board determines that payroll deductions are not feasible in a particular country outside the United States, the Board may permit an eligible Employee to participate in the Plan by an
alternative means, such as by check; however, the percentage of Compensation available for contributions must comply with the first sentence of this Section 6(a). 

(b) No interest shall be paid or credited to the participant with respect to such payroll deductions except where required by local law
as determined by the Board. 
 (c) All payroll deductions made by a participant shall be credited to his or her account under
the Plan. A participant may not make any additional payments into such account, except as authorized by the Board in countries where payroll deductions are determined by the Board to not be feasible. 

(d) Unless otherwise specified by the Board, payroll deductions made with respect to Employees paid in currencies other than U.S. dollars
shall be accumulated in local (non-U.S.) currency and converted to U.S. dollars as of the Exercise Date. 
  

 4 

 (e) A participant may discontinue his or her participation in the Plan as provided in
Section 10, or may increase or decrease the rate of his or her payroll deductions during the Offering Period by completing and filing with the Company a new authorization for payroll deduction; provided that the Board may limit the number of
times during any Offering Period that a participant may so increase or decrease such participant’s deductions. The change in rate shall be effective on the later of (i) fifteen (15) days after the Company’s receipt of the new
authorization, or (ii) the first payday after the Company’s receipt of the new authorization. 
 (f) Notwithstanding
the foregoing, an Employee’s payroll deductions (and/or direct contributions, if applicable) shall be decreased down to 0% during any Offering Period to the extent necessary to comply with Section 423(b)(8) of the Code. Any other provision
of the Plan notwithstanding, no participant shall purchase shares of Common Stock under this Plan and all other employee stock purchase plans of the Company or any parent or Subsidiary of the Company with an aggregate fair market value (measured as
of the applicable Offering Date) in excess of $25,000, as determined in accordance with Section 423(b)(8) of the Code and the regulations thereunder. 

(g) The limitation set forth in Section 6(f) may be adjusted by the Board in its discretion to the extent necessary to comply with
Section 423 of the Code. 
 (h) In the event payroll deductions are decreased pursuant to Section 6(f) hereof, payroll
deductions shall recommence at the rate provided in such participant’s subscription agreement at the beginning of the first Offering Period which is scheduled to end in the following calendar year, unless terminated by the participant as
provided in Section 10. At any time, the Company may withhold from the participant’s Compensation the amount necessary for the Company to meet applicable withholding obligations, including any withholding required to make available to the
Company any tax deductions or benefit attributable to sale or early disposition of Common Stock by the Employee. 
 7. GRANT OF OPTION 

 (a) On the Offering Date of each Offering Period, each eligible Employee participating in the Plan shall be granted an option
to purchase (at the per share option price) up to a number of shares of Common Stock determined by dividing such Employee’s payroll deductions or contributions to be accumulated during such Offering Period by ninety-five percent (95%) of
the fair market value of a share of Common Stock on the Exercise Date, provided that the number of shares subject to the option will be limited to 200% of the number of shares determined by dividing the amount accumulated in the employees’
payroll deductions/contribution account by 95% of the fair market value of a share of Common Stock on the Offering Date, subject to the limitations set forth in Sections 3(b) and 11 hereof. The fair market value of a share of Common Stock shall be
determined as provided in Section 7(b) hereof. 
 (b) The option price per share of the shares offered in a given Offering
Period shall be 95% of the fair market value of a share of the Common Stock on the Exercise Date. The fair market value of Common Stock on a given date shall be the closing price from the previous day’s trading on the Nasdaq National Market.

  

 5 

 8. EXERCISE OPTION 

Unless a participant withdraws from the Plan as provided in Section 10, his or her option for the purchase of shares will be
exercised automatically on the Exercise Date of the Offering Period and the maximum number of full shares subject to option will be purchased for him or her at the applicable option price with the accumulated payroll deductions or contributions in
his or her account. During his or her lifetime, a participant’s option to purchase shares hereunder is exercisable only by him or her. 

9. DELIVERY 
 (a) As
promptly as practicable after the Exercise Date of each Offering Period, the Company shall arrange for the electronic delivery to each participant, as appropriate, of the shares purchased upon exercise of his or her option. Any cash remaining to the
credit of a participant’s account under the Plan after a purchase by him or her of shares at the termination of each Offering Period under the Plan which is insufficient to purchase a full share of Common Stock, will be refunded, without
interest, to him or her as soon as practicable. The Board also may return cash remaining in each participant’s payroll deduction or contribution account if a purchase of shares will not occur because the Board determines such purchase is not
feasible or that the conditions for the issuance of shares have not been met. 
 (b) In the event that insufficient shares of
Common Stock are available under the Plan for delivery to all participants in an Offering Period for shares of Common Stock representing a full allocation of all payroll deductions or contributions for such Offering Period, the Board, in its
discretion, may authorize either (i) the delivery of shares of Common Stock representing a pro rata allocation of the shares remaining available for distribution and the return of cash remaining in each participant’s payroll deduction
account in accordance with Section 9(c), or (ii) an increase in the number of shares that may be issued under the Plan subject to stockholder approval, and, in such event, the option price applicable to such shares shall be for purposes of
Section 7(b) the option price for such Offering Period, and the Company shall deliver to participants such shares as set forth in Sections 7, 8, and 9, after approval of the stockholders of Oracle has been obtained in
accordance with Section 21. If the stockholders of Oracle vote against any such proposed increase, Oracle shall make a pro rata allocation of the shares available for distribution and return cash remaining in each participant’s payroll
deduction or contribution account, without interest unless required by local law as determined by the Board. 
 (c) In the event
of a pro rata allocation of shares in accordance with Section 9(b), the Company shall give written notice of such reduction of the number of shares subject to the option to each Employee affected thereby and, at the discretion of the Board,
shall terminate or reduce payroll deductions before the Exercise Date if the Board has 
  

 6 

 
determined that insufficient shares are available for a full allocation. Any cash remaining in a participant’s payroll deduction/contribution account due to an insufficient number of shares
remaining in the Plan for distribution to all participating Employees shall be returned to him or her as soon as administratively feasible. 

10. WITHDRAWAL: TERMINATION OF EMPLOYMENT 

(a) A participant may withdraw all but not less than all the payroll deductions credited to his or her account under the Plan at any time
prior to the Exercise Date of the Offering Period by returning to the Company an enrollment form indicating such withdrawal prior to the fifteenth (15th) day of the last month of the Offering Period. If such form is received by the Company
before such date, all of the participant’s payroll deductions credited to his or her account will be refunded, without interest (except where required by local law as determined by the Board), to him or her as soon as practicable, his or her
option for the then current Offering Period will be automatically terminated, and no further payroll deductions for the purchase of shares will be made during the Offering Period. If such form is received by the Company after such date, the
participant’s payroll deductions credited to his or her account will be used to purchase stock on the next Exercise Date and his or her participation will end at the beginning of the next Offering Period. 

(b) In the event that a participant’s employment terminates for any reason (including death, disability, or retirement), or if a
participant becomes ineligible to participate in the Plan, in either case, on or prior to the fifteenth (15th) day of the last month of an Offering Period, the payroll deductions credited to his or her account will be returned promptly and
without interest (except where required by local law as determined by the Board) to him or her or, in the case of his or her death, to the executor or administrator of the estate of the participant, and his or her option will be automatically
terminated. In the event that a participant’s employment terminates for any reason or a participant becomes ineligible to participate in the Plan after such date, the participant’s payroll deductions credited to his or her account will be
used to purchase stock on the Exercise Date for that Offering Period and his or her participation will end at the beginning of the next Offering Period. 

(c) In the event an Employee fails to remain an Employee during the entire Offering Period, other than as set forth in Section 10(d)
below, he or she will be deemed to have elected to withdraw from the Plan and the payroll deductions credited to his or her account will be returned to him or her promptly and without interest (except where required by local law as determined by the
Board) and his or her option will be automatically terminated. 
 (d) In the event that an Employee takes an unpaid leave of
absence, his or her payroll deductions shall automatically cease (and no additional contributions to the Plan may be made unless participation is required by local law while on unpaid leave); any amounts remaining in his or her payroll deduction
account shall be used to purchase stock on the next Exercise Date. Paid leaves of absence shall have no effect an Employee’s participation in the Plan. 
  

 7 

 (e) A participant’s withdrawal from an Offering Period will not have any effect upon
his or her eligibility to participate in a succeeding Offering Period, or in any similar plan period, which may hereafter be adopted by the Company. 

(f) The Board may specify a date prior to each Exercise Date, which date will be no more than thirty (30) days prior to such
Exercise Date, after which a participant may not withdraw for any reason. 
 11. STOCK 

(a) The maximum number of shares of Common Stock which shall be made available for sale under the Plan shall be 405,000,000 shares (plus
any shares available under the 1987 Plan as of September 30, 1992) subject to adjustment upon changes in capitalization of Oracle as provided in Section 18. 

(b) The participant will have no interest or voting right in shares covered by his or her option until such option has been exercised.

 (c) Shares to be delivered to a participant under the Plan will be registered in the name of the participant. 

12. ADMINISTRATION 
 (a)
The Plan shall be administered by the Board or a committee appointed by the Board. The Board or its committee shall have full and exclusive discretionary authority to construe, interpret and apply the terms of the Plan, to determine eligibility and
to adjudicate all disputed claims filed under the Plan. The Board’s discretionary authority under the Plan shall include, without limitation, the authority to (i) change the Offering Periods, (ii) limit the frequency and/or number of
changes in the amount withheld during Offering Periods, (iii) establish the exchange ratio applicable to amounts withheld in a currency other than United States dollars, (iv) permit payroll withholding in excess of the amount designated by
a participant in order to adjust for delays or mistakes in the Company’s processing of properly completed withholding elections, (v) establish reasonable waiting and adjustment periods and/or accounting and crediting procedures to ensure
that amounts applied toward the purchase of Common Stock for each participant properly correspond with amounts withheld from the participant’s Compensation, and (vi) establish such other limitations or procedures as the Board determines in
its sole discretion advisable. Every finding, decision and determination made by the Board shall, to the full extent permitted by law, be final and binding upon all parties. Members of the Board who are eligible Employees are permitted to
participate in the Plan except to the extent limited by Subsection (b) of this Section 12. All references in this Plan to the Board shall mean the committee(s) appointed by the Board, if any. 

 

 8 

 (b) Notwithstanding the provisions of Subsection (a) of this Section 12, in the
event that Rule 16b-3 provides specific requirements for the administrators of plans of this type, and the Board determines that compliance with such provisions is reasonable, the Plan (or, if permitted by Rule 16b-3, transactions in the Plan by
persons who are subject to Section 16(b)) shall be administered only by such a body and in such a manner as shall comply with the applicable requirements of Rule 16b-3. Unless permitted by Rule 16b-3, no discretion concerning decisions
regarding the Plan (or, if permitted by Rule 16b-3, transactions in the Plan by persons who are subject to Section 16(b)) shall be afforded to any committee or person that is not “disinterested” as such term is defined in Rule 16b-3.

 13. TRANSFERABILITY 

Neither payroll deductions credited to a participant’s account nor any rights with regard to the exercise of an option or to receive
shares under the Plan may be assigned, transferred, pledged or otherwise disposed of in any way (other than by will, the laws of descent and distribution) by the participant. Any such attempt at assignment, transfer, pledge or other disposition
shall be without effect, except that the Company may treat such act as an election to withdraw funds in accordance with Section 10. 

14. USE OF FUNDS 
 All
payroll deductions received or held by the Company under the Plan may be used by the Company for any corporate purpose, and the Company shall not be obligated to segregate such payroll deductions unless required by local law. 

15. REPORTS 
 Individual
accounts will be maintained for each participant in the Plan. Statements of account will be available at the Plan broker to participating Employees as soon as practicable following the Exercise Date, which statements will set forth the amounts of
payroll deductions/contributions, the number of shares purchased, the per share purchase price and the remaining cash balance, if any. 
 16.
EQUAL RIGHTS AND PRIVILEGES 
 All eligible Employees participating in the Code Section 423 plan shall have equal rights
and privileges with respect to the Plan so that the Plan qualifies as an “employee stock purchase plan” within the meaning of Section 423 or any successor provision of the Code and the related regulations. Any provision of the Plan
which, is intended to be part of the Code Section 423 plan and is inconsistent with Section 423 or any successor provision of the Code shall without further act or amendment by the Company or the Board be reformed to comply with the
requirements of Section 423. This Section 16 shall take precedence over all other provisions in the Plan with respect to the Section 423 plan, but shall not prevent the grant of options under a non-423 plan which do not qualify under
Section 423 of the Code pursuant to rules, procedures or sub-plans adopted by the Board designed to achieve desired tax or other objectives in particular locations outside the United States as described in Section 23 herein. 

 

 9 

 17. APPLICABLE LAW 

The Plan shall be governed by the substantive laws (excluding the conflict of laws rules) of the State of California. 

18. ADJUSTMENTS UPON CHANGES IN CAPITALIZATION, DISSOLUTION, MERGER OR ASSET SALE 

(a) Subject to any required action by the stockholders of Oracle, the number of shares of Common Stock covered by each option under the
Plan which has not yet been exercised and the number of shares of Common Stock which have been authorized for issuance under the Plan, but have not yet been placed under option (collectively, the “Reserves”) as well as the price per share
of Common Stock covered by each option under the Plan which has not yet been exercised, shall be proportionately adjusted for any increase or decrease in the number of issued shares of Common Stock resulting from a stock split, reverse stock split,
combination or reclassification of the Common Stock, or the payment of a dividend payable in shares of Oracle’s capital stock (but only on the Common Stock) or any other increase or decrease in the number of shares of Common Stock effected
without receipt of consideration by Oracle; provided, however, that conversion of any convertible securities of Oracle shall not be deemed to have been “effected without receipt of consideration.” Such adjustment shall be made by the
Board, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issue by Oracle of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect,
and no adjustment by reason thereof shall be made with respect to, the number or price of shares of Common Stock subject to an option. The Board may, if it so determines in the exercise of its sole discretion, make provision for adjusting the
Reserves, as well as the price per share of Common Stock covered by each outstanding option, in the event Oracle effects one or more reorganizations, recapitalizations, rights offerings or other increases or reductions of shares of its outstanding
Common Stock. 
 (b) In the event of the proposed dissolution or liquidation of Oracle, the Offering Period will terminate
immediately prior to the consummation of such proposed dissolution or liquidation, unless otherwise provided by the Board, and the Company shall return to each participant, to the extent permitted by law, any amounts without interest (unless
required by local law as determined by the Board) remaining in his or her payroll deduction account. 
 (c) In the event of a
proposed sale of all or substantially all of the assets of Oracle, or the merger of Oracle with or into another corporation, each option under the Plan shall be assumed or an equivalent option shall be substituted by such successor corporation or a
parent or subsidiary of such successor corporation, unless the Board determines, in the 
  

 10 

 
exercise of its sole discretion and in lieu of such assumption or substitution to shorten an Offering Period then in progress by setting a new Exercise Date (the “New Exercise Date”).
If the Board shortens the Offering Period then in progress in lieu of assumption or substitution in the event of a merger or sale of assets, the Board shall notify each participant in writing, at least ten (10) days prior to the New Exercise
Date, that the Exercise Date for his or her option (including for purposes of determining the option price per share under Section 7(b)) has been changed to the New Exercise Date and that his or her option will be exercised automatically on the
New Exercise Date, unless prior to such date he or she has withdrawn from the Offering Period as provided in Section 10. For purposes of this Section, an option granted under the Plan shall be deemed to be assumed if, following the sale of
assets or merger, the option confers the right to purchase, for each share of Common Stock subject to the option immediately prior to the sale of assets or merger, the consideration (whether stock, cash or other securities or property) received in
the sale of assets or merger by holders of Common Stock for each share of Common Stock held on the effective date of the transaction (and if such holders were offered a choice of consideration, the type of consideration chosen by the holders of a
majority of the outstanding shares of Common Stock); provided, however, that if such consideration received in the sale of assets or merger was not solely common stock of the successor corporation or its parent (as defined in Section 424(e) of
the Code), the Board may, with the consent of the successor corporation, provide for the consideration to be received upon exercise of the option to be solely common stock of the successor corporation or its parent equal in fair market value to the
per share consideration received by holders of Common Stock as a result of the sale of assets or merger. 
 19. AMENDMENT, SUSPENSION OR
TERMINATION OF PLAN 
 The Board may at any time and for any reason terminate, suspend or amend the Plan. Except as provided
in Section 18, no such termination can affect options previously granted, provided that an Offering Period may be terminated by the Board on any Exercise Date if the Board determines that the termination of the Plan is in the best interests of
the Company and its stockholders. Except as provided in Section 18, no amendment may make any change in any option previously granted which adversely affects the rights of any participant without the consent of the participant, except to the
extent as may be necessary to qualify the Plan as an employee stock purchase plan pursuant to Code Section 423 or to comply with any applicable law, regulation or rule. 

20. NOTICES 
 All notices
or other communications by a participant to the Company under or in connection with the Plan shall be deemed to have been duly given when received in the form specified by the Company at the location, or by the person, designated by the Company for
the receipt thereof. 
  

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 21. STOCKHOLDER APPROVAL 

The Plan shall become effective upon the earlier to occur of its adoption by the Board or its approval by the stockholders of Oracle. If
stockholder approval of the Plan is not obtained prior to the Exercise Date for the first Offering Period under the Plan, all options previously granted under the Plan shall terminate on the Exercise Date and all amounts accrued in each
participant’s account shall be refunded promptly, without interest, to each participant. Whenever stockholder approval is sought under the Plan, either for its initial approval or for a subsequent amendment, it may be obtained in any manner
permitted by applicable corporate law. If stockholder approval is required under the Code for an amendment to the Plan adopted or proposed to be adopted by the Board, such stockholder approval shall be obtained in any manner and within the time
periods required by the Code. The Board, in its discretion, also may obtain stockholder approval for any amendment to the Plan adopted by or proposed to be adopted by the Board to the extent desirable to maintain compliance with Rule 16b-3.

 22. CONDITIONS UPON ISSUANCE OF SHARES 

Shares shall not be issued with respect to an option unless the exercise of such option and the issuance and delivery of such shares
pursuant thereto shall comply with all applicable provisions of law, domestic or foreign, including, without limitation, the Securities Act of 1933, as amended, the Exchange Act, the rules and regulations promulgated thereunder, and the requirements
of any stock exchange upon which the shares may then be listed, and shall be further subject to the approval of counsel for the Company with respect to such compliance. As a condition to the exercise of an option, the Company may require the person
exercising such option to represent and warrant at the time of any such exercise that the shares are being purchased only for investment and without any present intention to sell or distribute such shares if, in the opinion of counsel for the
Company, such a representation is required by any of the aforementioned applicable provisions of law. 
 23. RULES FOR FOREIGN JURISDICTIONS

 (a) Notwithstanding any provision to the contrary in this Plan, the Board may adopt rules or procedures relating to the
operation and administration of the Plan to accommodate the specific requirements of local laws and procedures. Without limiting the generality of the foregoing, the Board is specifically authorized to adopt rules and procedures regarding the
definition of Compensation, handling of payroll deductions, making of contributions to the Plan in forms other than payroll deductions, establishment of bank or trust accounts to hold payroll deductions, payment of interest, conversion of local
currency, obligations to pay payroll tax, withholding procedures and delivery of shares which vary with local requirements. 
  

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 (b) The Board may also adopt rules, procedures or sub-plans applicable to particular
Participating Subsidiaries or Participating Affiliates or locations, which sub-plans may be designed to be outside the scope of Code Section 423. The rules of such sub-plans may take precedence over other provisions of this Plan, with the
exception of Sections 11 and 21, but unless otherwise superseded by the terms of such sub-plan, the provisions of this Plan shall govern the operation of such sub-plan. To the extent inconsistent with the requirements of Code Section 423,
such sub-plans shall be considered part of the non-423 Plan, and the options granted thereunder shall not be considered to comply with Section 423. 
  

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