Document:

Form of Restricted Stock Unit Agreement for Non-U.S. Employees

 Exhibit 10.46 
 KLA-Tencor Corporation 
 2004 EQUITY INCENTIVE PLAN 
 RESTRICTED STOCK UNIT AGREEMENT 
 FOR NON-U.S. EMPLOYEES 
 1. Grant. The Company hereby grants to the Employee named in the Restricted Stock Unit Award
Notification an award of Restricted Stock Units (“RSUs”), as set forth in the Restricted Stock Unit Award Notification and subject to the terms and conditions in this Agreement and the Company’s 2004 Equity Incentive Plan (the
“Plan”). Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Restricted Stock Unit Agreement (the “Agreement”). 
 2. Company’s Obligation. Each RSU represents the right to receive one Share on the vesting date of that unit. Unless and until the RSUs vest,
the Employee will have no right to receive Shares under such RSUs. Prior to actual distribution of Shares pursuant to any vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets
of the Company. 
 3. Vesting Schedule. The Employee will vest in the RSUs awarded by this Agreement according to the vesting schedule
specified in the Restricted Stock Unit Award Notification. Accordingly, such vesting may be tied to the attainment of established performance goals and/or the completion of a specified period of Service Provider status. 
 4. Forfeiture upon Termination as Service Provider. Notwithstanding any contrary provision of this Agreement or the Restricted Stock Unit Award
Notification, if the Employee terminates service as a Service Provider for any or no reason prior to vesting, the unvested RSUs awarded by this Agreement will thereupon be forfeited at no cost to the Company and without any payment (in cash or
otherwise) due the Employee. 
 5. Payment after Vesting. Any RSUs that vest in accordance with paragraph 3 will be paid to the
Employee (or in the event of the Employee’s death, to his or her estate) in Shares on the applicable vesting date or as soon as practicable thereafter, subject to the Company’s collection of applicable withholding taxes pursuant to
paragraph 8. For each RSU that vests, the Employee will receive one Share. In no event will any Shares be issued later than the later of (i) the close of the calendar year in which the Shares vest in accordance with the provisions of this
Agreement or (ii) the fifteenth (15th) day of the third (3rd) calendar month following such vesting date. 

 6. Payments after Death. Any distribution or delivery to be made to the Employee under this
Agreement will, if the Employee is then deceased, be made to the administrator or executor of the Employee’s estate. Any such administrator or executor must furnish the Company with (a) written notice of his or her status as such and
(b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer. 
 7. Adjustment in Shares. Should any change be made to the Common Stock by reason of any stock split, stock dividend, spin-off transaction, extraordinary distribution (whether made in cash, securities or other
property), recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Common Stock as a class without the Company’s receipt of consideration, then equitable adjustments shall be made by the
Administrator to the total number and/or class of securities issuable pursuant to this Award. Such adjustments shall be made in such manner as the Administrator deems appropriate in order to reflect such change and thereby preclude a dilution or
enlargement of benefits hereunder. 
 8. Withholding of Taxes. Regardless of any action the Company and/or the Subsidiary employing or
retaining the Employee (the “Employer”) take with respect to any or all income tax (including U.S. federal, state and local tax and/or non-U.S. tax), social insurance, payroll tax, payment on account or other tax-related items related to
the Employee’s participation in the Plan and legally applicable to the Employee or deemed by the Company or the Employer to be an appropriate charge to the Employee even if technically due by the Company or the Employer (“Tax-Related
Items”), the Employee acknowledges that the ultimate liability for all Tax-Related Items is and remains the Employee’s responsibility and may exceed the amount actually withheld by the Company or the Employer. The Employee further
acknowledges that the Company and/or the Employer (a) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Award, including the grant of the RSUs, the vesting of the RSUs,
the delivery of Shares, the subsequent sale of any Shares acquired at vesting and the receipt of any dividends or dividend equivalents; and (b) do not commit to and are under no obligation to structure the terms of the grant or any aspect of
the Award to reduce or eliminate the Employee’s liability for Tax-Related Items or to achieve any particular tax result. Further, if the Employee becomes subject to tax in more than one jurisdiction between the date of grant and the date of any
relevant taxable event, the Employee acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 
 Prior to the relevant taxable event, the Company will withhold a portion of the vested RSUs that have an aggregate Fair Market Value sufficient to pay
the Tax-Related Items. The number of Shares withheld pursuant to the prior sentence will be rounded up to the nearest whole Share, with no cash payment due the Employee for the value of any Share withheld in excess of the Tax-Related Items as a
result of such rounding. If the date of the relevant taxable event (e.g., the date upon which the RSUs vest, in whole or in part) occurs on a day on which the established stock exchange on which the Company’s Common Stock is traded
(including without limitation the NASDAQ Global Select Market or the NASDAQ Global Market) is not open for trading, the Fair Market Value for purposes of calculating the portion of the vested RSUs to be withheld pursuant to this paragraph 8
(i.e., the deemed Fair Market Value of the Company’s Common Stock on the date of such taxable event) shall be equal to the closing sales price for the 

  

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Company’s Common Stock as quoted on such stock exchange on the market trading day immediately prior to such taxable event. Alternatively, the Company,
in its sole discretion, may require or otherwise permit the Employee to make alternate arrangements satisfactory to the Company for such Tax-Related Items. In addition, the Company and/or the Employer has the right to satisfy any Tax-Related Items
that the Company determines cannot be satisfied through the withholding of otherwise deliverable Shares by one or a combination of the following: (i) retaining without notice from salary or other amounts payable to the Employee, cash having a
sufficient value to satisfy any Tax-Related Items; or (ii) arranging for the sale of Shares otherwise deliverable to the Employee (on the Employee’s behalf and at the Employee’s direction pursuant to this authorization). 

To avoid negative accounting treatment, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory
withholding amounts or other applicable withholding rates. If the obligation for Tax-Related Items is satisfied by withholding a number of Shares as described herein, the Employee shall be deemed, for tax purposes, to have been issued the full
number of Shares subject to the vested portion of the Award, notwithstanding that a number of Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of the Award. By accepting this RSU award, the
Employee expressly consents to the withholding or sale of Shares and to any additional cash withholding as provided for in this paragraph 8. Notwithstanding any contrary provision of this Agreement, no Shares will be issued unless and until
satisfactory arrangements (as determined by the Company) have been made by the Employee with respect to the payment of any Tax-Related Items. 
 9. Rights as Stockholder. Neither the Employee nor any person claiming under or through the Employee will have any of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and
until certificates representing such Shares are issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to the Employee or Employee’s broker. 
 10. No Effect on Employment. To the full extent permitted under applicable law, the Employee’s employment or other Service Provider status
with the Company and its Subsidiaries is on an at-will basis only. Accordingly, the terms of the Employee’s employment or other Service Provider status with the Company and its Subsidiaries will be determined from time to time by the Company or
the Subsidiary employing or retaining the Employee (as the case may be), and the Company or the Subsidiary will have the right, which is hereby expressly reserved, to terminate or change the terms of the employment or service relationship of the
Employee at any time for any reason whatsoever, with or without good cause or notice, in each case subject to compliance with applicable employment or other laws. 
 11. Address for Notices. Any notice to be given to the Company under the terms of this Agreement must be addressed to the Company at 160 Rio Robles, San Jose, California 95134, Attn: Stock
Administration, or at such other address as the Company may hereafter designate in writing or electronically. 
  

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 12. Grant is Not Transferable. Except to the limited extent provided in paragraph 6, this
grant and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process.
Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and
privileges conferred hereby immediately will become null and void. 
 13. Restrictions on Sale of Securities. Subject to the
provisions of paragraph 15, the Company shall use its best efforts to assure that the Shares issued in payment of the vested RSUs are registered under the U.S. federal securities laws or qualify for any available exemption from such registration and
are accordingly freely tradable. However, any sale of the Shares will be subject to any market blackout-period that may be imposed by the Company and must comply with the Company’s insider trading policies, and any other applicable securities
laws. 
 14. Binding Agreement. Subject to the limitation on the transferability of this grant contained herein, this Agreement will
be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 
 15.
Additional Conditions to Issuance of Stock. If at any time the Company determines, in its discretion, that the listing, registration or qualification of the Shares upon any securities exchange or under any U.S. state or federal law, or the
consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the issuance of Shares to the Employee (or his or her estate), such issuance will not occur unless and until such listing, registration,
qualification, consent or approval have been effected or obtained, free of any conditions not acceptable to the Company. The Company will make all reasonable efforts to meet the requirements of any such U.S. state or federal law or securities
exchange and to obtain any such consent or approval of any such governmental authority. In no event, however, shall any Shares be issued in contravention of applicable U.S. federal and state securities laws or other regulatory requirements.

 16. Plan Governs. This Agreement and the Restricted Stock Unit Award Notification are subject to all terms and provisions of the
Plan. In the event of a conflict between one or more provisions of this Agreement or the Restricted Stock Unit Award Notification and one or more provisions of the Plan, the provisions of the Plan will govern. 
 17. Administrator Authority. The Administrator will have the power to interpret the Plan and this Agreement and to adopt such rules for the
administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any RSUs have vested). All actions taken and all
interpretations and determinations made by the Administrator in good faith will be final and binding upon the Employee, the Company and all other interested persons. No member of the Administrator will be personally liable for any action,
determination or interpretation made in good faith with respect to the Plan or this Agreement. 
  

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 18. Captions. Captions provided herein are for convenience only and are not to serve as a basis
for interpretation or construction of this Agreement. 
 19. Agreement Severable. In the event that any provision in this Agreement
will be held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Agreement. 
 20. Modifications to the Agreement. This Agreement constitutes the entire understanding of the parties on the subjects covered. The Employee
expressly warrants that he or she is not accepting this Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Agreement or the Plan can be made only in an express written
contract executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Agreement, the Company reserves the right to amend this Agreement as it deems necessary or advisable, in its sole discretion
and without the consent of the Employee, to comply with Section 409A of the Code or to otherwise avoid imposition of any additional tax or income recognition under Section 409A of the Code prior to the actual payment of Shares pursuant to
this RSU award. 
 21. Amendment, Suspension or Termination of the Plan. By accepting this RSU award, the Employee expressly warrants
that he or she has received a right to receive stock under the Plan (provided the vesting conditions are satisfied), and has received, read and understood a description of the Plan. The Employee understands that the Plan is discretionary in nature
and may be modified, suspended or terminated by the Company at any time. 
 22. Electronic Delivery and Acceptance. The Company may,
in its sole discretion, decide to deliver any documents related to RSUs awarded under the Plan or future RSUs that may be awarded under the Plan by electronic means or request the Employee’s consent to participate in the Plan by electronic
means. By accepting this RSU award, the Employee hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or another
third party designated by the Company. 
 23. Notice of Governing Law and Venue. This RSU award shall be governed by, and construed in
accordance with, the laws of the State of California without regard to principles of conflict of laws. 
 For purposes of litigating any
dispute that arises directly or indirectly from the relationship of the parties evidenced by this RSU award or this Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the State of California and agree that such
litigation shall be conducted only in the courts of Santa Clara County, California, or the federal courts for the United States for the Northern District of California, and no other courts, where this RSU award is made and/or to be performed.

 24. Acknowledgement of Nature of Plan and Award. In accepting the Award, the Employee acknowledges that: 
 (a) the Plan is established voluntarily by the Company; 
  

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 (b) the Award is voluntary and occasional and does not create any contractual or other
right to receive future awards of RSUs, or benefits in lieu of RSUs, even if RSUs have been awarded repeatedly in the past; 
 (c) all decisions with respect to future awards, if any, will be at the sole discretion of the Company; 
 (d) the
Employee’s participation in the Plan is voluntary; 
 (e) the Award is an extraordinary item that does not constitute
compensation of any kind for services of any kind rendered to the Company or any Subsidiary, and which is outside the scope of the Employee’s employment or Service Provider contract, if any; 
 (f) the Award is not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculation of any
severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments and in no event should be considered as compensation for, or relating in any way
to, past services for the Company or any Subsidiary; 
 (g) the Award and the Shares subject to the Award are not intended to
replace any pension rights or compensation; 
 (h) in the event that the Employee is not an Employee of the Company or any
Subsidiary, the Award and his or her participation in the Plan will not be interpreted to form an employment contract or relationship with the Company or any Subsidiary; 
 (i) the future value of the underlying Shares is unknown and cannot be predicted with certainty; 
 (j) in consideration of the Award, no claim or entitlement to compensation or damages shall arise from termination of the Award or from
any diminution in value of the RSUs or Shares acquired upon vesting of the RSUs resulting from termination of the Employee’s employment or Service Provider status by the Company or any Subsidiary (for any reason whatsoever and whether or not in
breach of local labor laws) and the Employee irrevocably releases the Company and any Subsidiary from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen,
then, by accepting the Award, the Employee shall be deemed irrevocably to have waived his or her entitlement to pursue such claim; 
 (k) in the event of termination of his or her employment (whether or not in breach of local labor laws), the Employee’s right to receive RSUs and vest in the RSUs under the Plan, if any, will terminate effective as of the date that he
or she is no longer actively employed and will not be extended by any notice period mandated under local law (e.g., active employment would not include a period of “garden leave” or similar period pursuant to local law); the
Administrator shall have the exclusive discretion to determine when the Employee is no longer actively employed for purposes of the Award; 
  

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 (l) the Company is not providing any tax, legal or financial advice, nor is the Company
making any recommendations regarding the Employee’s participation in the Plan or his or her acquisition or sale of the underlying Shares; and 
 (m) the Employee is hereby advised to consult with his or her personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any action related to the Plan. 
 25. Data Privacy. The Employee hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic
or other form, of his or her personal data as described in this Agreement and any other RSU grant materials by and among, as applicable, the Employer, the Company and its Subsidiaries for the exclusive purpose of implementing, administering and
managing the Employee’s participation in the Plan. 
 The Employee understands that the Company and the Employer may hold
certain personal information about him or her, including, but not limited to the Employee’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any
shares of stock or directorships held in the Company, details of all RSUs or any other entitlement to shares of stock awarded, canceled, vested, unvested or outstanding in the Employee’s favor, for the exclusive purpose of implementing,
administering and managing the Plan (“Data”). 
 The Employee understands that Data will be transferred to any third
parties assisting the Company with the implementation, administration and management of the Plan. The Employee understands the recipients of the Data may be located in his or her country, in the United States or elsewhere, and that the
recipients’ country may have different data privacy laws and protections than his or her country. The Employee understands that he or she may request a list with the names and addresses of any potential recipients of the Data by contacting his
or her local human resources representative. The Employee authorizes the Company and any other possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess,
use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing the Employee’s participation in the Plan. The Employee understands that Data will be held only as long as is
necessary to implement, administer and manage his or her participation in the Plan. The Employee understands that he or she may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary
amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing his or her local human resources representative. The Employee understands, however, that refusing or withdrawing such consent may affect
his or her ability to participate in the Plan. For more information on the consequences of his or her refusal to consent or withdrawal of consent, the Employee understands that he or she may contact his or her local human resources representative.

  

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 26. Language. If the Employee has received this Agreement or any other document related to the
Plan translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control. 
 27. Appendix. Notwithstanding any provision in this Agreement, the RSUs shall be subject to any special terms and conditions set forth in any appendix to this Agreement (the “Appendix”) for the
Employee’s country of residence. Moreover, if the Employee relocates to one of the countries included in the Appendix, the special terms and conditions for such country will apply to the Employee, to the extent the Company determines that the
application of such terms is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this Agreement. 
 28. Imposition of Other Requirements. The Company reserves the right to impose other requirements on the Employee’s participation in the
Plan, on the RSUs and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require the Employee to sign any
additional agreements or undertakings that may be necessary to accomplish the foregoing. 
  

 8Amended and Restated 1997 Employee Stock Purchase Plan

 Exhibit 10.47 
 KLA-TENCOR CORPORATION 
 AMENDED AND RESTATED 1997 EMPLOYEE STOCK PURCHASE PLAN 
 (as amended and restated as of November 17, 1998 
 and as subsequently amended to date (December 11, 2008)) 
 The following constitute the provisions of the 1997 Employee Stock
Purchase Plan, as amended, (the “Plan”) of KLA-Tencor Corporation (the “Company”). Certain definitions of terms used in the Plan are provided in Section 2 below. 
  

	1.	PURPOSE 

 The purpose of the Plan is to provide employees
of the Company and its Designated Subsidiaries with an opportunity to purchase Common Stock of the Company through accumulated payroll deductions (or other methods, to the extent permitted by the Board pursuant to Section 6(a) below). It is the
Company’s intention 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. The Plan will also be extended to Employees of foreign Subsidiaries subject to adjustments, in the sole discretion of the Board of Directors, to take into account the requirements of the
local laws associated with the particular Subsidiary. These local requirements may not provide the same favorable tax consequences as are available to participants in the United States. 
  

	2.	DEFINITIONS 

 (a) “BOARD” shall mean the Board of
Directors of the Company. 
 (b) “CODE” shall mean the Internal Revenue Code of 1986, as amended. 
 (c) “COMMON STOCK” shall mean the Common Stock, $.001 par value, of the Company. 
 (d) “COMPANY” shall mean KLA-Tencor Corporation, a Delaware corporation. 
 (e) “COMPENSATION” Compensation shall mean all amounts includable as “wages” subject to tax under Section 3101(a) of the Code
without applying the dollar limitation of Section 3121(a) of the Code. Accordingly, Compensation shall include, without limitation, salaries, commissions, bonuses and overtime. Compensation shall not include reimbursements of expenses,
allowances, or any amount deemed received without the actual transfer of cash or any Company contributions or payments to any trust, fund, or plan to provide retirement, pension, profit sharing, health, welfare, death, insurance or similar benefits
to or on behalf of such Participant or any other payments not specifically referenced above, except to the extent that the inclusion of any such item with respect to all Participants on a nondiscriminatory basis is specifically approved by the
Board. 

 (f) “CONTINUOUS STATUS AS AN EMPLOYEE” shall mean the absence of any interruption or
termination of service as an Employee. Continuous Status as an Employee shall not be considered interrupted in the case of a leave of absence agreed to in writing by the Company, provided that such leave is for a period of not more than ninety
(90) days or re-employment upon the expiration of such leave is guaranteed by contract or statute. 
 (g) “DESIGNATED
SUBSIDIARIES” shall mean the Subsidiaries which have been designated by the Board from time to time in its sole discretion as eligible to participate in the Plan. 
 (h) “EMPLOYEE” shall mean any person, including an officer, who is customarily employed for at least 20 hours per week and more than five months in a calendar year by the Company or one of its Designated
Subsidiaries. 
 (i) “ENROLLMENT DATE” shall mean the first day of each Offering Period. 
 (j) “EXERCISE DATE” shall mean June 30 of each year for each Offering Period that commences on January 1 and December 31 of each
year for each Offering Period that commences on July 1. 
 (k) “OFFERING PERIOD” shall mean a period of six (6) months
commencing on January 1 and July 1 of each year during which an option granted pursuant to the Plan may be exercised. 
 (l)
“PLAN” shall mean this 1997 Employee Stock Purchase Plan. 
 (m) “SUBSIDIARY” shall mean a corporation, domestic or
foreign, of which not less than fifty percent (50%) of the voting shares are held by the Company or a Subsidiary, whether or not such corporation now exists or is hereafter organized or acquired by the Company or a Subsidiary. 
  

	3.	ELIGIBILITY 

 (a) Any Employee who shall be employed by the
Company or one of its Designated Subsidiaries on a given Enrollment Date and who has been so employed for at least 30 consecutive days immediately prior to such date shall be eligible to participate in the Plan, subject to limitations imposed by
Section 423(b) of the Code or other applicable local law. The Board, in its discretion, from time to time, may, prior to an Enrollment Date for all options to be granted on such Enrollment Date, determine (on a uniform and nondiscriminatory
basis) the Employees who will or will not be eligible to participate in the Plan consistent with Section 423(b)(4) of the Code. 
 (b)
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 or more of the total combined voting power or value of all classes of stock of the Company or of any Subsidiary, or
(ii) which permits such Employee’s rights to purchase stock under all employee stock purchase plans of the Company and its Subsidiaries to accrue at a rate which exceeds US$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. 
  

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	4.	OFFERING PERIODS 

 The Plan shall be implemented by
consecutive Offering Periods with a new Offering Period commencing on January 1 and July 1 of each year, or as otherwise determined by the Board, until the Plan is terminated in accordance with Section 19 hereof. The Board shall have
the power to change the duration of Offering Periods, not to exceed twenty-seven (27) months, with respect to future offerings without stockholder approval if such change is announced at least fifteen (15) days prior to the scheduled
beginning of the first Offering Period to be affected. 
  

	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 and filing it with the Company’s Plan administrator (or its designate) during the open enrollment period prior to
the applicable Enrollment Date, unless a later time for filing the subscription agreement is set by the Board for all eligible Employees with respect to a given Offering Period. 
 (b) Payroll deductions for a participant shall commence on the first payroll date following the Enrollment Date and shall end on the last payroll date in
the Offering Period to which such authorization is applicable, unless sooner terminated by the participant as provided in Section 10. 
  

	6.	PAYROLL DEDUCTIONS 

 (a) At the time a participant files
his subscription agreement, he shall elect to have payroll deductions made on each pay date during the Offering Period in an amount not exceeding ten percent (10%) of the Compensation which he receives on each pay date during the Offering
Period, and the aggregate of such payroll deductions during the Offering Period shall not exceed ten percent (10%) of his aggregate Compensation during said 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 participant to participate in the Plan by an alternative means, such as by check; however, the rate of contributions may not exceed any whole number percentage (as
determined by the Board) of the participant’s aggregate Compensation up to ten percent (10%) (or such greater percentage, as specified by the Board) to apply to an Offering Period. 
 (b) All payroll deductions made by a participant shall be credited to his account under the Plan. A participant may not make any additional payments into
such account, except as provided under Section 6(a). 
 (c) The deduction rate so authorized shall continue in effect for the entire
Offering Period, unless the participant shall reduce such rate by filing the appropriate form with the Plan Administrator (or its designate). The reduced rate shall become effective as soon as practicable following the filing of such form.

  

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 (d) Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the
Code and Section 3(b) herein, the Company may automatically decrease a participant’s payroll deductions to zero percent (0%) at such time during any Offering Period which is scheduled to end during the current calendar year. 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. 
  

	7.	GRANT OF OPTION 

 (a) On the Enrollment Date of each
Offering Period, each eligible Employee participating in such Offering Period shall be granted an option to purchase the applicable Exercise Date for the Offering Period (at the per share option price) up to a number of shares of the Company’s
Common Stock determined by dividing such Employee’s payroll deductions accumulated during such Offering Period by eighty-five percent (85%) of the fair market value of a share of the Company’s Common Stock on the Enrollment Date or on
the Exercise Date, whichever is lower, provided that the number of shares subject to the option shall not exceed two hundred percent (200%) of the number of shares determined by dividing ten percent (10%) of the Employee’s
Compensation over the Offering Period by eighty-five percent (85%) of the fair market value of a share of the Company’s Common Stock on the Enrollment Date, subject to the limitations set forth in Sections 3(b) and 12 hereof. Fair
market value of a share of the Company’s Common Stock shall be determined as provided in Section 7(b) herein. 
 (b) The option
price per share of the shares offered in a given Offering Period shall be the lower of: (i) eighty-five percent (85%) of the fair market value of a share of the Common Stock of the Company on the Enrollment Date; or (ii) eighty-five
percent (85%) of the fair market value of a share of the Common Stock of the Company on the applicable Exercise Date. The fair market value of the Company’s Common Stock on a given date shall be determined by the Board in its discretion;
provided, however, that where there is a public market for the Common Stock, the fair market value per share shall be the closing price of the Common Stock for such date, as reported by the Nasdaq National Market. If a closing price is not available
for an Enrollment Date or an Exercise Date, the fair market value of a share of the Common Stock of the Company on such date shall be the fair market value of a share of the Common Stock of the Company on the last business day prior to such date.

  

	8.	EXERCISE OF OPTION 

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

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	9.	DELIVERY 

 As promptly as practicable after each Exercise
Date, the Company shall arrange the delivery to each participant, as appropriate, of a certificate representing the shares (or electronic delivery of such shares) purchased upon exercise of his option. 
  

	10.	WITHDRAWAL; TERMINATION OF EMPLOYMENT 

 (a) A participant
may withdraw all but not less than all of the payroll deductions credited to his account under the Plan at any time by giving written notice to the Company. All of the participant’s payroll deductions credited to his account will be paid to him
as soon as practicable after receipt of his notice of withdrawal and his participation in the Plan will be automatically terminated, and no further payroll deductions for the purchase of shares will be made. Payroll deductions will not resume on
behalf of a participant who has withdrawn from the Plan unless written notice is delivered to the Company within the open enrollment period preceding the commencement of an Offering Period directing the Company to resume payroll deductions.

 (b) Upon termination of the participant’s Continuous Status as an Employee prior to the Exercise Date of an Offering Period for any
reason, including retirement or death, the payroll deductions credited to the participant’s account will be returned to the participant or, in the case of death, to the person or persons entitled thereto under Section 14, and such
participant’s option will be automatically terminated. 
 (c) If an Employee fails to maintain Continuous Status as an Employee for at
least 20 hours per week during an Offering Period in which the Employee is a participant, he will be deemed to have elected to withdraw from the Plan and the payroll deductions credited to his account will be returned to him and his option
terminated. 
 (d) A participant’s withdrawal from an Offering Period will not have any effect upon his eligibility to participate in a
succeeding Offering Period or in any similar plan which may hereafter be adopted by the Company. 
  

	11.	INTEREST 

 No interest shall accrue on the payroll
deductions of a participant in the Plan. 
  

	12.	STOCK 

 (a) Subject to adjustment as provided in
Section 18, the maximum aggregate number of shares of the Company’s Common Stock which shall be made available for sale under the Plan as of November 17, 1998 shall be 1,200,000, increased on the first day of each fiscal year of the
Company beginning on and after July 1, 1999 by a number of shares of the Company’s Common Stock equal to the lesser of (i) 2,000,000 shares, or (ii) the number of shares which the Company estimates (based on the previous 12-month
period) it will be required to issue under the Plan during the forthcoming fiscal year. Subject to adjustment as provided in Section 18, shares issuable under the Plan shall consist of authorized but unissued or reacquired shares of the
Company’s Common Stock or any combination 

  

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thereof. If on a given Exercise Date the number of shares with respect to which options are to be exercised exceeds the number of shares then available, the
Company shall make a pro rata allocation of the shares remaining available for option grant in as uniform a manner as shall be practicable and as it shall determine to be equitable. In such event, the Company shall give written notice of such
reduction of the number of shares subject to the option to each Employee affected thereby and shall similarly reduce the rate of payroll deductions, if necessary. 
 (b) The participant will have no interest or voting right in shares covered by his 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 or in the name of the participant and his or her spouse. 
  

	13.	ADMINISTRATION 

 The Plan shall be administered by the
Board of Directors of the Company or a committee appointed by the Board. The Board may delegate routine matters to management. The administration, interpretation or application of the Plan by the Board, its committee or their respective delegates
shall be final, conclusive and binding upon all participants. 
 Members of the Board who are eligible Employees are permitted to participate
in the Plan, provided that: 
 (a) Members of the Board who are eligible to participate in the Plan may not vote on any matter affecting the
administration of the Plan or the grant of any option pursuant to the Plan. 
 (b) If a committee is established to administer the Plan, no
member of the Board who is eligible to participate in the Plan may be a member of the committee. 
  

	14.	DESIGNATION OF BENEFICIARY (FOR EMPLOYEES IN THE UNITED STATES ONLY) 

 The provisions of this Section 14 apply only to participants in the United States: 
 (a) A participant
may file a written designation of a beneficiary who is to receive any shares and cash, if any, from the participant’s account under the Plan in the event of such participant’s death subsequent to the end of the Offering Period but prior to
delivery to him of such shares and cash. In addition, a participant may file a written designation of a beneficiary who is to receive any cash from the participant’s account under the Plan in the event of such participant’s death prior to
the exercise of the option. 
 (b) Such designation of beneficiary may be changed by the participant at any time by written notice. In the
event of the death of a participant and in the absence of a beneficiary validly designated under the Plan who is living at the time of such participant’s death, the Company shall deliver such shares and/or cash to the executor or administrator
of the estate of the participant, or if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, in its discretion, may deliver such shares and/or cash to the spouse or to any one or more dependents or
relatives of the participant, or if no spouse, dependent or relative is known to the Company, then to such other person as the Company may designate. 
  

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	15.	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 or as provided in Section 14 hereof) 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. 
  

	16.	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 otherwise required by local law). 
  

	17.	REPORTS 

 Individual accounts will be maintained for each
participant in the Plan. Statements of account will be given to participating Employees semi-annually promptly following each Exercise Date, which statements will set forth the amounts of payroll deductions, the per share purchase price, the number
of shares purchased and the refunds, if any. 
  

	18.	ADJUSTMENTS UPON CHANGES IN CAPITALIZATION 

 Subject to any
required action by the stockholders of the Company, the number of shares of Common Stock covered by each option under the Plan which has not yet been exercised (including the increase set forth in Section 12 hereof) 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 or the payment of a stock dividend (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 the Company; provided, however, that conversion of any convertible securities of the Company 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 the Company 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. 
  

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 In the event of the proposed dissolution or liquidation of the Company, the Offering Period will
terminate immediately prior to the consummation of such proposed action, unless otherwise provided by the Board. In the event of a proposed sale of all or substantially all of the assets of the Company, or the merger of the Company with or into
another entity, the Board, in its sole discretion, may provide that (i) each option under the Plan shall be assumed, (ii) an equivalent option shall be substituted by such successor entity or a parent or subsidiary of such successor
entity, or in lieu of such assumption or substitution, that the participant shall have the right to exercise the option, including shares as to which the option would not otherwise be exercisable, or (iii) the Plan shall terminate and a
shortened Offering Period will take place with a purchase occurring on a date determined by the Board or a participant’s contributions returned. 
 The Board may, if it so determines in the exercise of its sole discretion, also make provision for adjusting the Reserves, as well as the price per share of Common Stock covered by each outstanding option, if the
Company effects one or more reorganizations, recapitalizations, rights offerings or other increases or decreases of the shares of its outstanding Common Stock, and if the Company is being consolidated with or merged into any other corporation.

  

	19.	AMENDMENT OR TERMINATION 

 The Board may at any time
terminate or amend the Plan. No such termination can affect options previously granted, nor may an amendment make any change in any option theretofore granted which adversely affects the rights of any participant, nor may an amendment be made
without prior approval of the stockholders of the Company if such amendment is required by law or otherwise to be approved by the stockholders. 
 Amendments to the Code which impact the Plan shall be automatically implemented without further action by the Board unless such amendments require independent action by either the Board or the stockholders. 
 In the event the Board determines that the ongoing operation of the Plan may result in unfavorable financial accounting consequences to the Company, the
Board may in any manner it determines, in its sole discretion, and, to the extent necessary or desirable, modify or amend the Plan to reduce or eliminate such accounting consequence including, but not limited to altering the Purchase Price for any
Offering Period including an Offering Period underway at the time of the change in Purchase Price. Such modifications or amendments shall not require stockholder approval or the consent of any Plan participants. 
  

	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.

  

	21.	STOCKHOLDER APPROVAL 

 Continuance of the Plan shall be
subject to approval by the stockholders of the Company within 12 months before or after the date the Plan is adopted. If such stockholder approval is obtained at a duly held stockholders meeting, it may be obtained by the affirmative vote of the
holders of a majority of the outstanding shares of the Company present or represented and entitled to vote thereon, which approval shall be: 
 (a) (i) solicited substantially in accordance with Section 14(a) of the Securities Exchange Act of 1934, as amended (the “Act”) and the rules and regulations promulgated thereunder, or 
  

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 (ii) solicited after the Company has furnished in writing to the holders entitled to vote
substantially the same information concerning the Plan as that which would be required by the rules and regulations in effect under Section 14(a) of the Act at the time such information is furnished; and 
 (b) obtained at or prior to the first annual meeting of stockholders held subsequent to the first registration of Common Stock under Section 12 of
the Act. 
 In the case of approval by written consent, it must be obtained by the unanimous written consent of all stockholders of the Company. 

 

	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 Securities Exchange Act of 1934, as amended, 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 

 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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