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EXHIBIT 10.22    
    

 
 

SYNOPSYS, INC.    
    
    INTERNATIONAL EMPLOYEE STOCK PURCHASE PLAN    
    

I.     PURPOSE  

        The Synopsys, Inc. International Employee Stock Purchase Plan (the "Plan") is intended to provide Eligible Employees of designated subsidiaries of the
Company with the opportunity to acquire a proprietary interest in the Company through the periodic application of their payroll deductions to the purchase of shares of the Company's common stock. 

II.    DEFINITIONS  

        For purposes of plan administration, the following terms shall have the meanings indicated: 

        Base Salary means all compensation paid as wages, salaries, commissions, overtime, and bonuses (other than bonuses subject to repayment as
a result of a specified future event), but excluding all of the
following items (even if included in taxable income): reimbursements, car allowances or other expense allowances, severance pay, fringe benefits (cash and noncash), moving expenses, deferred
compensation, income attributable to stock options, restricted stock grants, SARs and other equity-related incentive programs, and welfare benefits. 

        Code means the Internal Revenue Code of 1986, as amended from time to time. 

        Company means Synopsys, Inc., a Delaware corporation, and any corporate successor to all or substantially all of the assets or
voting stock of Synopsys, Inc. which shall by appropriate action adopt the Plan. 

        Common Stock means shares of the Company's common stock. 

        Corporate Affiliate means any company which is a parent or subsidiary corporation of the Company (as determined in accordance with Code
Section 424), including any parent or subsidiary corporation which becomes such after the Effective Date. 

        Effective Date means the first day of the initial offering period scheduled to commence on May 3, 1993. However, for any Subsidiary
which becomes a Participating Subsidiary in the Plan after the first day of the initial offering period, a subsequent Effective Date shall be designated with respect to participation by its Eligible
Employees. 

        Eligible Employee means any person who is engaged, on a regularly-scheduled basis of more than twenty (20) hours per week and more
than five (5) months per calendar year, in the rendition of personal services to any Participating Subsidiary for earnings considered wages under Section 3121(a) of the Code, but shall
not include persons prohibited by the laws of the nation of their residence or employment from participating in the Plan. 

        Enrollment Date has the meaning ascribed to it in Section V.A. 

        Participant means any Eligible Employee of a Participating Subsidiary who is actively participating in the Plan. 

        Participating Subsidiary means a Subsidiary of the Company that has been designated as a Participating Subsidiary by the Board. 

        Semi-Annual Entry Date means (i) during 1999 and each preceding calendar year within an offering period in effect under
the Plan, the first business day of May and the first business day of November and (ii) during 2000 and all subsequent calendar years within an offering period under the Plan, the 

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first
business day of March and the first business day of September. The earliest Semi-Annual Entry Date under the Plan shall be May 3, 1993. 

        Semi-Annual Period of Participation means each period for which the Participant actually participates in an offering period in
effect under the Plan. There shall be a maximum of four (4) periods of participation within each offering period. Except as otherwise designated by the Plan Administrator, each such period
shall commence on the applicable Semi-Annual Entry Date. 

        Semi-Annual Purchase Date means (i) during 1999 and each preceding year on which shares of Common Stock are
automatically purchased for Participants under the Plan, the last business day of April and October, and (ii) during 2000 and each subsequent year on which shares of Common Stock are
automatically purchased for Participants under the Plan, the last business day of February and August. 

        Subsidiary shall mean any corporation described in Section 425(e) or (f) of the Code. 

III.  ADMINISTRATION  

        The Plan shall be administered by the Board of Directors or a committee that will satisfy Rule 16b-3 of the Securities and Exchange Commission,
as in effect with respect to the Company from time to time (in either case, the "Board"). The Board may from time to time select a committee or persons (the "Plan Administrator") to be responsible for
any transactions not subject to Rule 16b-3. Subject to the express provisions of the Plan, to the overall supervision of the Board, and to the limitations of Section 423 of
the Code, the Plan Administrator may administer, interpret and amend the Plan in any manner it believes to be desirable (including amendments to outstanding options/purchase rights and the designation
of a brokerage firm at which accounts for the holding of shares purchased under the Plan must be established by each employee desiring to participate in the Plan), and any such interpretation shall be
final and binding on all parties who have an interest in the Plan; provided, however, that the Plan Administrator may not, without the approval of the Company's Board, (i) increase the number
of shares issuable under the Plan or the maximum number of shares which may be purchased per Participant or in the aggregate during any one Semi-Annual Period of Participation under the
Plan, except that the Plan Administrator shall have the authority, exercisable without such stockholder approval, to effect adjustments to the
extent necessary to reflect changes in the Company's capital structure pursuant to Section VI.B;(ii) alter the purchase price formula so as to reduce the purchase price payable for the shares
issuable under the Plan; or (iii) materially increase the benefits accruing to Participants under the Plan or materially modify the requirements for eligibility to participate in the Plan 

IV.   OFFERING PERIODS  

        The Plan shall be implemented in a series of offering periods. Each offering period shall be of a duration of twenty-four (24) months or less
as designated by the Plan Administrator prior to the start date of any offering period, except that offering periods that include the Semi-Annual Entry Date on November 1, 1999
shall be of a duration of twenty-two (22) months. Within each offering period, there shall be a maximum of four (4) Semi-Annual Periods of Participation. 

V.     ELIGIBILITY AND PARTICIPATION  

        A.    Each
Eligible Employee of a Participating Subsidiary shall be eligible to participate in the Plan in accordance with the following provisions: 

	•
	The
Board may at any time designate one or more Subsidiaries as participating in the Plan. The names of all Participating Subsidiaries shall be shown on Exhibit A to
the Plan, which shall be amended from time to time to reflect additions and deletions of Participating Subsidiaries; 

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failure
to show a Participating Subsidiary on Exhibit A shall not, however, prevent otherwise eligible employees of that Subsidiary from participating in the Plan. No Subsidiary participating
in the Company's Employee Stock Purchase Plan effective May 3, 1993 may be designated for participation in the Plan. 

	•
	Each
Eligible Employee will be automatically enrolled in the Plan in the offering period that begins on the first Semi-Annual Entry Date following the
commencement of employment; thereafter, any Eligible Employee may enroll or re-enroll in the Plan in the offering period that begins as of any Semi-Annual Entry Date, or such
other days as
may be established by the Board from time to time (each, an "Enrollment Date"). To participate, an Eligible Employee must complete, sign, and submit to the Company an enrollment form prescribed by the
Plan Administrator. Any enrollment form received by the Company by the 15th day of the month preceding an Enrollment Date (or by the Enrollment Date in the case of employees hired after such
15th day), or such other date established by the Plan Administrator from time to time, will be effective on that Enrollment Date. Enrollment or re-enrollment by a Participant in the
Plan on an Enrollment Date will constitute the grant by the Company to the Participant of an option to purchase shares of Common Stock from the Company under the Plan. At the end of each offering
period, each Participant who has not withdrawn from the Plan will automatically be re-enrolled in the Plan in the offering period that begins on the Enrollment Date immediately following
the date on which the option expires. Furthermore, except as may otherwise be determined by the Plan Administrator, each Participant who has not withdrawn from the Plan will automatically be
re-enrolled in the Plan in each offering period that begins on an Enrollment Date on which the fair market value per share of the Company's Common Stock is lower than the fair market value
per share of the Company's Common Stock on the Enrollment Date for the offering period in which the Participant is then enrolled. Notwithstanding anything in the Plan to the contrary, if the fair
market value (the "Authorization Date FVM") on the date (the "Authorization Date") on which additional shares of Common Stock are authorized for issuance hereunder by the Company's shareholders is
higher than the fair market value at the beginning of any Offering Period that commenced prior to the Authorization Date, then, with respect to any of such authorized shares available to be issued on
Purchase Dates relating to such Offering Period, the Authorization Date FMV shall be used instead of the fair market value on the Enrollment Date for the purposes of the preceding sentence, provided
that the Plan Administrator, in its discretion, may waive application of this sentence with respect to the first Purchase Date occurring after the Authorization Date.

	•
	An
individual who becomes an Eligible Employee immediately following termination of such employee's participation in the Synopsys, Inc. Employee Stock Purchase Plan
shall, for purposes of participation in the Plan, have a deemed Enrollment Date corresponding to such employee's most recent Enrollment Date under the Synopsys, Inc. Employee Stock Purchase
Plan. 

        B.    The
payroll deduction authorized by the Participant for purposes of acquiring shares of Common Stock under the Plan may be zero percent (0%) or any whole multiple of one
percent (1%) of the Base Salary paid to the Participant during each Semi-Annual Period of Participation within the offering period, up to a maximum of ten percent (10%). The deduction rate
so authorized shall continue in effect for the entire Semi-Annual Period of Participation and for each successive Semi-Annual Period of Participation unless (i) the
Participant shall increase or decrease the rate for a subsequent Semi-Annual Period of Participation by filing the appropriate form with the Plan Administrator prior to the commencement of
that Semi-Annual Period of Participation or (ii) the Participant shall decrease (but not increase) the rate within a Semi-Annual Period of Participation by filing the
appropriate form with the Plan Administrator. The new rate shall become effective as soon as practicable following the filing of such form. For the avoidance of doubt, a Participant may not increase
his or her payroll deduction rate during a Semi-Annual period of Participation. A Participant may not 

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decrease
the deduction rate more than once during a Semi-Annual Period of Participation in addition to fixing the rate at the beginning of the Semi-Annual Period of
Participation. Payroll deductions, however, will automatically cease upon the termination of the Participant's purchase right in accordance with Article VII below. 

        C.    In
no event may any Participant's payroll deductions for any one Semi-Annual Period of Participation exceed Seven Thousand Five Hundred Dollars ($7,500.00)
calculated on the Purchase Date following conversion of accumulated withholdings into U.S. Dollars. 

        D.    It
is intended that all eligible employees shall have substantially equivalent rights and privileges with respect to the Plan; notwithstanding any other provision of the
Plan, however, the Plan Administrator may make such changes in the terms of eligibility and participation from Subsidiary to Subsidiary that it determines, in its discretion, to be necessary or
desirable to reflect or comply with local laws or conditions. 

VI.  STOCK SUBJECT TO PLAN  

        A.    The
Common Stock purchasable by Participants under the Plan shall, solely in the discretion of the Plan Administrator, be made available from either authorized but
unissued shares of the Common Stock or from shares of Common Stock reacquired by the Company, including shares of Common Stock purchased on the open market. The total number of shares which may be
issued under the Plan shall not exceed 21,700,000 shares, less any shares sold under the Synopsys, Inc. Employee Stock Purchase Plan (subject to adjustment under Section VI.B below). 

        B.    In
the event any change is made to the Company's outstanding Common Stock by reason of any stock dividend, stock split, combination of shares or other change affecting
such outstanding Common Stock as a class without receipt of consideration, then appropriate adjustments shall be made by the Plan Administrator to (i) the class and maximum number of shares
issuable over the term of the Plan, (ii) the class and maximum number of shares purchasable per Participant during each Semi-Annual Period of Participation, (iii) the class
and maximum number of shares purchasable in the aggregate by all Participants on any one purchase date under the Plan and (iv) the class and number of shares and the price per share of the
Common Stock subject to each purchase right at the time outstanding under the Plan. Such adjustments shall be designed to preclude the dilution or enlargement of rights and benefits under the Plan. 

VII. PURCHASE RIGHTS  

        An Employee who participates in the Plan for a particular offering period shall have the right to purchase shares of Common Stock, in a series of successive
installments during such offering period, upon the terms and conditions set forth below and shall execute such agreements and documents embodying such terms and conditions and such other provisions
(not inconsistent with the Plan) as the Plan Administrator may deem advisable. 

        Purchase Price.    Common Stock shall be issuable on each Semi-Annual Purchase Date at a purchase price equal to
eighty-five percent (85%) of the lower of (i) the fair market value per share on the Participant's Enrollment Date or (ii) the
fair market value per share on the Semi-Annual Purchase Date. Notwithstanding anything in the Plan to the contrary, if the Authorization Date FVM is higher than the fair market value at
the beginning of any Offering Period that commenced prior to the Authorization Date, then, with respect to any of such authorized shares available to be issued on Purchase Dates relating to such
Offering Period, the Authorization Date FMV shall be used instead of the fair market value on the Enrollment Date for the purposes of clause (i) of the preceding sentence, provided that the
Plan Administrator, in its discretion, may waive application of this sentence with respect to the first Purchase Date occurring after the Authorization Date. 

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        Valuation.    The fair market value per share of Common Stock on any relevant date shall be the closing selling price of the
Common Stock on that date, as officially quoted on the Nasdaq National Market System. If there is no quoted selling price for such date, then the closing selling price on the next preceding day for
which there does exist such a quotation shall be determinative of fair market value. 

        Number of Purchasable Shares.    The number of shares purchasable per Participant on each Semi-Annual Purchase Date
shall be the number of whole shares obtained by dividing the amount collected, after conversion into U.S. Dollars on the Purchase Date, from the Participant through payroll deductions during the
corresponding Semi-Annual Period of Participation by the purchase price in effect for the Semi-Annual Purchase Date. However, no Participant may, during any one
Semi-Annual Purchase Period, purchase more than 4,000 shares of Common Stock, subject to periodic adjustment under Section VI.B. 

        Under
no circumstances shall purchase rights be granted under the Plan to any Eligible Employee if such individual would, immediately after the grant, own (within the meaning of Code
Section 424(d)) or hold outstanding options or other rights to purchase, stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the
Company or any of its Corporate Affiliates. 

        Payment; Withholding.    Payment for the Common Stock purchased under the Plan shall be effected by means of the Participant's
authorized payroll deductions. Such deductions shall begin on the first pay day coincident with or immediately following the Participant's Enrollment Date into the offering period and shall (unless
sooner terminated by the Participant) continue through the pay day ending with or immediately prior to the last day of the offering period. The amounts so collected shall be credited to the
Participant's book account under the Plan in local currency, but no interest shall be paid on the balance from time to time outstanding in such account. The amounts collected from a Participant may be
commingled with the general assets of the Company and/or any Participating Subsidiary and may be used for general corporate purposes. Upon disposition of shares acquired by exercise of purchase right,
the Participant shall pay, or make provision adequate to the Company and the Participating Subsidiary for payment of, all federal, state, and other tax (and similar) withholdings that the Company or
the Participating Subsidiary determines, in its discretion, are required due to the disposition, including any such withholding that the Company or the Participating Subsidiary determines, in its
discretion, is necessary to allow the Company or the Participating Subsidiary to claim tax deductions or other benefits in connection with the disposition. A Participant shall make such similar
provisions for payment that the Company or the Participating Subsidiary determines, in its discretion, are required due to the exercise of purchase right, including such provisions as are necessary to
allow the Company or the Participating Subsidiary to claim tax deductions or other benefits in connection with the exercise of purchase right. 

        Termination of Purchase Right.    The following provisions shall govern the termination of outstanding purchase rights: 

          (i)  A
Participant may, at any time prior to the last five (5) business days of the Semi-Annual Period of Participation, terminate his/her outstanding
purchase right under the Plan by filing the prescribed notification form with the Plan Administrator. No further payroll deductions shall be collected from the Participant with respect to the
terminated purchase right, and any payroll deductions collected for the Semi-Annual Period of Participation in which such termination occurs shall, at the Participant's election, be
immediately refunded or held for the purchase of shares on the next Semi-Annual Purchase Date. If no such election is made, then such funds shall be refunded as soon as possible after the
close of such Semi-Annual Period of Participation. 

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         (ii)  The
termination of such purchase right shall be irrevocable, and the Participant may not subsequently rejoin the offering period for which such terminated purchase
right was granted. In order to resume participation in any subsequent offering period, such individual must enroll in the Plan in accordance with Section V.A. 

        (iii)  Should
a Participant cease to remain an Eligible Employee while his/her purchase right remains outstanding or should there otherwise occur a change in such
individual's employee status so that he/she is no longer an Eligible Employee while holding such purchase right, then such purchase right shall immediately terminate upon such termination of service
or change in status and all sums previously collected from the Participant during the Semi-Annual Period of Participation in which the purchase right so terminates shall be promptly
refunded to the Participant. However, should the Participant die or become permanently disabled while in service or should the Participant cease employment by reason of a leave of absence, then the
Participant (or the person or persons to whom the rights of the deceased Participant under the Plan are transferred by will or the laws of inheritance) shall have the election, exercisable up until
the end of the Semi-Annual Period of Participation in which the Participant dies or becomes permanently disabled or in which the leave of absence commences, to (i) withdraw all the
funds credited to the Participant's account at the time of his/her cessation of service or at the commencement of such leave or (ii) have such funds held for the purchase of shares of Common
Stock at the next Semi-Annual Purchase Date. If no such election is made, then such funds shall automatically be held for the purchase of shares of Common Stock at the next
Semi-Annual Purchase Date. In no event, however, shall any further payroll deductions be added to the Participant's account following his/her cessation of service or the commencement of
such leave; provided, however, that if a Participant's employment is terminated because of a transfer of employment to the Company or any subsidiary of the Company other than a Participating
Subsidiary, any outstanding purchase right shall not terminate until the occurrence of the earlier of (x) the last Semi-Annual Purchase Date in the offering period or
(y) enrollment of the Participant in the Company's Employee Stock Purchase Plan. While a purchase right remains outstanding, the Company or other subsidiary to which the participant is
transferred shall effect payroll deductions authorized by the Participant and shall remit them to the Participating Subsidiary that employed the Participant at the time of the transfer for purposes of
acquiring shares of Common Stock under the Plan. Following approval by the Company and the Participating Subsidiary, the Participant may, in lieu of payroll deduction, pay a corresponding amount to
the Participating Subsidiary if such amount is received on or before the relevant Purchase Date. Should the Participant return to active service following a leave of absence, then his/her payroll
deductions under the Plan shall automatically resume at the rate in effect at the time the leave began, provided such return to service occurs prior to the end of the offering period in which such
leave began. For purpose of the Plan: (i) the Participant shall be considered to remain in service for so long as such Participant remains in the active employ of the Company or one or more
other Participating Subsidiaries and (ii) the Participant shall be deemed to be permanently disabled if he/she is unable to engage in any substantial gainful employment, by reason of any
medically determinable physical or mental impairment expected to result in death or to be of continuous duration of at least twelve (12) months. 

        Stock Purchase.    Shares of Common Stock shall automatically be purchased on behalf of each Participant (other than
Participants whose payroll deductions have previously been refunded or set aside for refund in accordance with the Termination of Purchase Right provisions above) on each Semi-Annual
Purchase Date. The purchase shall be effected by applying each Participant's payroll deductions after conversion to U.S. Dollars for the Semi-Annual Period of Participation ending on such
semiannual Purchase Date to the purchase of whole shares of Common Stock (subject to the limitation on the maximum number of purchasable shares as set forth above) at the purchase price in effect for
such Semi-Annual Period of Participation. Any payroll deductions not applied to such purchase (a) because they are not sufficient to purchase a whole share or (b) by reason
of the limitation on the 

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maximum
number of shares purchasable by the Participant for that Semi-Annual Period of Participation shall be promptly refunded to the Participant. 

        Proration of Purchase Rights.    Not more than 2,000,000 shares of Common Stock, subject to periodic adjustment under
Section VI.B, may be purchased in the aggregate by all participants under the Plan and under the Synopsys, Inc. Employee Stock Purchase Plan on any one Semi-Annual Purchase
Date. Should the total number of shares of Common Stock which are to be purchased pursuant to outstanding purchase rights on any particular date exceed either (i) the maximum limitation on the
number of shares purchasable in the aggregate on such date or (ii) the number of shares then available for issuance under the Plan and the Synopsys, Inc. Employee Stock Purchase Plan,
the Plan Administrator shall make a pro-rata allocation of the available shares on a uniform and non-discriminatory basis (including, to the extent practicable vis a vis
participants in the Synopsys, Inc. Employee Stock Purchase Plan) and the payroll deductions for each Participant, to the extent in excess of the aggregate purchase price payable for the Common
Stock pro-rated to such individual, shall be refunded to such Participant. 

        Rights as Stockholder.    A Participant shall have no stockholder rights with respect to the shares subject to his/her
outstanding purchase right until the shares are actually purchased on the Participant's behalf in accordance; with the applicable provisions of the Plan. No adjustments shall be made for dividends,
distributions, or other rights for which the record date is prior to the date of such purchase. 

        Assignability.    No purchase right granted under the Plan shall be assignable or transferable by the Participant other than by
will or by the laws of descent and distribution following the Participant's death, and during the Participant's lifetime the purchase right shall be exercisable only by the Participant. 

        Change in Ownership.    Should the Company or its stockholders enter into an agreement to dispose of all or substantially all of
the assets or outstanding capital stock of the Company by means of: 

          (i)  a
sale, merger or other reorganization in which the Company will not be the surviving corporation (other than a reorganization effected primarily to change the State in
which the Company is incorporated), or 

         (ii)  a
reverse merger in which the Company is the surviving corporation but in which more than fifty percent (50%) of the Company's outstanding voting stock is transferred
to holders different from those who held the stock immediately prior to the reverse merger, 

        then
all outstanding purchase rights under the Plan shall automatically be exercised immediately prior to the consummation of such sale, merger, reorganization or reverse merger by
applying the payroll deductions of each Participant, after conversion into U.S. Dollars on the date of purchase, for the Semi-Annual Period of Participation in which such transaction
occurs to the purchase of whole shares of Common Stock at eighty-five percent (85%) of the lower of (i) the fair market value of the
Common Stock on the Participant's Enrollment Date into the offering period in which such transaction occurs or (ii) the fair market value of the Common Stock immediately prior to the
consummation of such transaction. However, the applicable share limitations of Sections VII and VIII shall continue to apply to any such purchase, and the clause (i) amount above shall
not, for any Participant whose Enrollment Date for the offering period is other than the start date of such offering period, be less than the fair market value of the Common Stock on such start date. 

        The
Company shall use its best efforts to provide at least ten (10) days' advance written notice of the occurrence of any such sale, merger, reorganization or reverse merger, and
Participants shall, following the receipt of such notice, have the right to terminate their outstanding purchase rights in accordance with the applicable provisions of this Article VII. 

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VIII.  ACCRUAL LIMITATIONS  

        A.    No
Participant shall be entitled to accrue rights to acquire Common Stock pursuant to any purchase right outstanding under this Plan if and to the extent such accrual,
when aggregated with (i) rights to purchase Common Stock accrued under any other purchase right outstanding under this Plan and (ii) similar rights accrued under other employee stock
purchase plans (within the meaning of Section 423 of the Code) of the Company and its Corporate Affiliates would otherwise permit such Participant to purchase more than $25,000 worth of stock
of the Company or any Corporate Affiliate (determined on the basis of the fair market value of such stock on the date or dates such rights are granted to the Participant) for each calendar year such
rights are at any time outstanding. 

        B.    For
purposes of applying such accrual limitations, the right to acquire Common Stock pursuant to each purchase right outstanding under the Plan shall accrue as follows: 

          (i)  The
right to acquire Common Stock under each such purchase right shall accrue in a series of successive semi-annual installments as and when the purchase
right first becomes exercisable for each semi-annual installment on the last business day of each Semi-Annual Period of Participation for which the right remains outstanding. 

         (ii)  No
right to acquire Common Stock under any outstanding purchase right shall accrue to the extent the Participant has already accrued in the same calendar year the right
to acquire $25,000 worth of Common Stock (determined on the basis of the fair market value on the date or dates of grant) pursuant to one or more purchase rights held by the Participant during such
calendar year. 

        (iii)  If
by reason of such accrual limitations, any purchase right of a Participant does not accrue for a particular Semi-Annual Period of Participation, then
the payroll deductions which the Participant made during that Semi-Annual Period of Participation with respect to such purchase right shall be promptly refunded. 

        C.    In
the event there is any conflict between the provisions of this Section VIII and one or more provisions of the Plan or any instrument issued thereunder, the
provisions of this Section VIII shall be controlling. 

IX.  AMENDMENT AND TERMINATION  

        A.    The
Board may amend, alter, suspend, discontinue, or terminate the Plan at any time, including amendments to outstanding options/purchase rights. However, the Board may
not, without the approval of the Company's stockholders: 

          (i)  increase
the number of shares issuable under the Plan or the maximum number of shares which may be purchased per Participant or in the aggregate during any one
Semi-Annual Period of Participation under the Plan, except that the Plan Administrator shall have the authority, exercisable without such stockholder approval, to effect adjustments to the
extent necessary to reflect changes in the Company's capital structure pursuant to Section VI.B; 

         (ii)  alter
the purchase price formula so as to reduce the purchase price payable for the shares issuable under the Plan; or 

        (iii)  materially
increase the benefits accruing to Participants under the Plan or materially modify the requirements for eligibility to participate in the Plan. 

        B.    The
Board may elect to terminate any or all outstanding purchase rights at any time. In the event the Plan is terminated, the Board may also elect to terminate
outstanding purchase rights either immediately or upon completion of the purchase of shares on the next Semi-Annual Purchase Date, or may elect to permit purchase rights to expire in
accordance with their terms (and participation to 

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continue
through such expiration dates). If purchase rights are terminated prior to expiration, all funds contributed to the Plan that have not been used to purchase shares shall be returned to the
Participants as soon as administratively feasible. 

X.    GENERAL PROVISIONS  

        A.    The
Plan shall become effective on the date on which it is adopted by the Board, provided the Company has complied with all applicable requirements established by law or
regulation. 

        B.    All
costs and expenses incurred in the administration of the Plan shall be paid by the Company. 

        C.    Neither
the action of the Company in establishing the Plan, nor any action taken under the Plan by the Board or the Plan Administrator, nor any provision of the Plan
itself shall be construed so as to grant any person the right to remain in the employ of the Company or any of its Corporate Affiliates for any period of specific duration, and such person's
employment may be terminated at any time, with or without cause. 

        D.    The
provisions of the Plan shall be governed by the laws of the State of California without resort to that State's conflict-of-laws rules. 

        E.    If
the Plan Administrator in its discretion so elects, it may retain a brokerage firm, bank, or other financial institution to assist in the purchase of shares, delivery
of reports, or other administrative aspects of the Plan. If the Plan Administrator so elects, each Participant shall (unless prohibited by the laws of the nation of his or her employment or residence)
be deemed upon enrollment in the Plan to have authorized the establishment of an account on his or her behalf at such institution. Shares purchased by a Participant under the Plan shall be held in the
account in the name in which the share certificate would otherwise be issued pursuant to Section VII. 

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Exhibit A  

	Name
	 	Jurisdiction of Incorporation

	Nihon Synopsys KK	 	Japan
	

Synopsys Canada ULC	
 	

Canada
	

Synopsys SARL	
 	

France
	

Synopsys Finland OY	
 	

Finland
	

Synopsys Global Kft	
 	

Hungary
	

Synopsys GmbH	
 	

Germany
	

Synopsys (India) Private Ltd. 	
 	

India
	

Synopsys (India) EDA Software Private Limited	
 	

India
	

Synplicity Software India Pvt. Ltd. 	
 	

India
	

Synopsys International Limited (formerly known as Synopsys International Sales Limited)	
 	

Ireland
	

Synopsys International Services, Inc. 	
 	

United States (Delaware)
	

Synopsys Israel Limited	
 	

Israel
	

Synopsys Italia, SRL	
 	

Italy
	

Synopsys Korea, Inc. 	
 	

Korea
	

Synopsys Netherlands BV (formerly known as Numerical Subwavelength Technologies BV)	
 	

Netherlands
	

Synopsys (Northern Europe) Ltd. 	
 	

United Kingdom
	

Synopsys Scandinavia AB	
 	

Sweden
	

Synopysys Hardware Platforms Group AB	
 	

Sweden
	

Synopsys Singapore Pte. Ltd. 	
 	

Singapore
	

Synopsys Switzerland LLC	
 	

Switzerland
	

Synopsys Taiwan Limited	
 	

Taiwan

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EXHIBIT 10.22

SYNOPSYS, INC. INTERNATIONAL EMPLOYEE STOCK PURCHASE PLANQuickLinks
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EXHIBIT 10.32  

 
 

SYNOPSYS, INC.
  
    FORM OF AMENDED AND RESTATED EXECUTIVE CHANGE OF CONTROL SEVERANCE BENEFIT PLAN    
    

SECTION 1.    INTRODUCTION.  

        The Synopsys, Inc. Executive Change of Control Severance Benefit Plan (the "Plan") was established
effective March 23, 2006 and is hereby amended and restated effective December 10, 2008. The purpose of the Plan is to provide for the payment of benefits to certain eligible executive
employees of Synopsys, Inc. (the "Company") if such employees are subject to qualifying employment terminations in connection with a Change of
Control (as such term is defined below). This Plan shall supersede, as to any Eligible Employee, any severance benefit plan, policy, or practice previously maintained by the Company, other than change
of control or severance benefits set forth in an equity incentive plan in which the primary form of award is in the form of options on stock of the Company or grants of shares of stock of the Company.
In the event of a benefit set forth in an equity incentive plan, an employee's severance benefit, if any, shall be governed by the terms of such equity incentive plan and shall be governed by this
Plan only to the extent that the reduction pursuant to Section 5(b) below does not entirely eliminate benefits under this Plan. This Plan shall not supersede or otherwise amend any severance
plan, policy, or practice of the Company with respect to individuals who are not Eligible Employees. This document also constitutes the Summary Plan Description for the Plan. 

SECTION 2.    DEFINITIONS.  

        For purposes of the Plan, the following terms are defined as follows: 

        (a)   "Base Salary" means the Eligible Employee's annual base pay (excluding incentive pay, premium
pay, commissions, overtime, bonuses and other forms of variable compensation), at the rate in effect during the last regularly scheduled payroll period immediately preceding the date of the Eligible
Employee's Covered Termination. 

        (b)   "Board" means the Board of Directors of the Company. 

        (c)   "Change of Control" means the occurrence, in a single transaction or in a series of related
transactions, of any one or more of the following events: 

        (i)    any person becomes the Owner, directly or indirectly, of securities of the Company representing more than fifty percent
(50%) of the combined voting power of the Company's then outstanding securities other than by virtue of a merger, consolidation or similar transaction. Notwithstanding the foregoing, a Change of
Control shall not be deemed to occur (A) on account of the acquisition of securities of the Company by an investor, any affiliate thereof or any other person from the Company in a transaction
or series of related transactions the primary purpose of which is to obtain financing for the Company through the issuance of equity securities or (B) solely because the level of Ownership held
by any person (the "Subject Person") exceeds the designated percentage threshold of the outstanding voting securities as a result of a repurchase or
other acquisition of voting securities by the Company reducing the number of shares outstanding, provided that if a Change of Control would occur (but for the operation of this sentence) as a result
of the acquisition of voting securities by the Company, and after such share acquisition, the Subject Person becomes the owner of any additional voting securities that, assuming the repurchase or
other acquisition had not occurred, increases the percentage of the then outstanding voting securities Owned by the Subject Person over the designated percentage threshold, then a Change of Control
shall be deemed to occur; 

1

 

        (ii)   there is consummated a merger, consolidation or similar transaction involving (directly or indirectly) the Company and,
immediately after the consummation of such merger, consolidation or similar transaction, the stockholders of the Company immediately prior thereto do not Own, directly or indirectly, either
(A) outstanding voting securities representing more than fifty percent (50%) of the combined outstanding voting power of the surviving entity in such merger, consolidation or similar
transaction or (B) more than fifty percent (50%) of the combined outstanding voting power of the parent of the surviving entity in such merger, consolidation or similar transaction, in each
case in substantially the same proportions as their Ownership of the outstanding voting securities of the Company immediately prior to such transaction; 

        (iii) the stockholders of the Company approve or the Board approves a plan of complete dissolution or liquidation of the
Company, or a complete dissolution or liquidation of the Company shall otherwise occur; 

        (iv)  there is consummated a sale, lease, license or other disposition of all or substantially all of the consolidated assets
of the Company and its Subsidiaries, other than a sale, lease, license or other disposition of all or substantially all of the consolidated assets of the Company and its Subsidiaries to an Entity,
more than fifty percent (50%) of the combined voting power of the voting securities of which are Owned by stockholders of the Company in substantially the same proportions as their Ownership of the
Company immediately prior to such sale, lease, license or other disposition. 

        (v)   individuals who, on the date this Plan is adopted by the Board, are members of the Board (the
"Incumbent Board") cease for any reason to constitute at least a majority of the members of the Board; provided,
however, that if the appointment or election (or nomination for election) of any new Board member was approved or recommended by a majority vote of the members of the Incumbent
Board then still in office, such new member shall, for purposes of this Plan, be considered as a member of the Incumbent Board. 

        For
the avoidance of doubt, the term Change of Control shall not include a sale of assets, merger or other transaction effected exclusively for the purpose of changing the domicile of
the Company. Once a Change of Control has occurred, no future events shall constitute a Change of Control for purposes of the Plan. 

        (d)   "COBRA" means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended. 

        (e)   "Code" means the Internal Revenue Code of 1986, as amended. 

        (f)    "Company" means Synopsys, Inc. or, following a Change of Control, the surviving entity
resulting from such transaction. 

        (g)   "Constructive Termination" means a termination of employment by an Eligible Employee within sixty
(60) days after one of the following is undertaken without the Eligible Employee's express written consent: 

        (i)    the Company significantly reduces the Eligible Employee's duties, authority or responsibilities, relative to the Eligible
Employee's duties, authority or responsibilities as in effect immediately prior to such reduction, taken as a whole; provided, however, that a change in
the Eligible Employee's title shall not be taken into account in determining if the Eligible Employee's duties, authority or responsibilities have been reduced for the purposes of this
Section 2(g)(i); 

        (ii)   the Company reduces the Eligible Employee's Base Salary, unless such reduction is made in connection with an
across-the-board reduction of substantially all executives' annual base salaries including those of the acquiring company; 

2

 

        (iii) a relocation of an Eligible Employee's primary business office to a location more than seventy-five
(75) miles from the location at which the Eligible Employee predominately performed duties as of the effective date of the Change of Control, except for required travel by the Eligible Employee
on the Company's business to an extent substantially consistent with the Eligible Employee's business travel obligations prior to the Change of Control. 

        Notwithstanding
the foregoing, a termination shall not constitute a Constructive Termination based on conduct described above unless (A) within the thirty (30) day period
following the occurrence of the conduct, the Eligible Employee provides the Chief Executive Officer of the Company with written notice specifying (x) the particulars of the conduct and
(y) that the Eligible Employee deems such conduct to be described in (i), (ii) or (iii) of this Section 2(g), and (B) the conduct described has not been cured within
thirty (30) days following receipt by the Chief Executive Officer of such notice. 

        (h)   "Covered Termination" means either (A) an Involuntary Termination Without Cause which
occurs within thirty (30) days prior to or twelve (12) months following the effective date of a Change of Control, or (B) a Constructive Termination which occurs within twelve
(12) months following the effective date of a Change of Control. Termination of employment of an Eligible Employee due to death or disability shall not constitute a Covered Termination unless a
voluntary termination of employment by the Eligible Employee immediately prior to the Eligible Employee's death or disability would have qualified as a Constructive Termination. For purposes of the
Plan, an event constituting a Covered Termination shall satisfy the requirements of a "separation from service" within the meaning of Section 409A of the Internal Revenue Code of 1986, as
amended (the "Code") and Section 1.409A-1(h) of the regulations promulgated under the Code or any successor regulations. 

        (i)    "Eligible Employee" means an employee of the Company (A) who has been designated by the
Board as (i) an "officer" under Section 16 of the Securities Exchange Act of 1934, as amended or (ii) a member of the Company's corporate staff; (B) who has received,
signed and timely returned a Participation Notice; and (C) whose employment with the Company terminates due to a Covered Termination. 

        (j)    "Entity" means a corporation, partnership or other entity. 

        (k)   "ERISA" means the Employee Retirement Income Security Act of 1974, as amended. 

        (l)    "Involuntary Termination Without Cause" means a termination by the Company of an Eligible
Employee's employment relationship with the Company for any reason other than the following: 

        (i)    the Eligible Employee has committed an act of personal dishonesty in connection with the Eligible Employee's
responsibilities as a Company employee; 

        (ii)   the Eligible Employee commits a felony or any act of moral turpitude; 

        (iii) the Eligible Employee commits any willful or grossly negligent act that constitutes gross misconduct and/or injures, or
is reasonably likely to injure, the Company; or 

        (iv)  the Eligible Employee substantially fails to perform the Eligible Employee's job duties and/or willfully and materially
violates (A) any written policies or procedures of the Company or (B) the Eligible Employee's obligations to the Company and that violation, if curable, continues for a period of thirty
(30) days after the Company provides the Eligible Employee written notice that describes the basis for the Company's belief that the Eligible Employee has not substantially performed the
Eligible Employee's duties and/or willfully and materially violated (x) any written policies or procedures of the Company or (y) the Eligible Employee's obligations to the Company. 

        (m)  "Own," "Owned," "Owner," "Ownership" A person or Entity shall be deemed to "Own," to have
"Owned," to be the "Owner" of, or to have acquired "Ownership" of securities if such person or Entity, directly or indirectly, through any contract, arrangement, understanding, relationship or 

3

 

otherwise,
has or shares voting power, which includes the power to vote or to direct the voting, with respect to such securities. 

        (n)   "Participation Notice" means the latest notice delivered by the Company to an employee informing
the employee that the employee is a participant in the Plan. A Participation Notice shall be in such form as may be determined by the Company. Notwithstanding the foregoing, neither the Company nor
any successor may amend a Participation Notice in any way that is adverse to a participant, without the written consent of the participant, unless the amendment is made more than nine
(9) months prior to an applicable Change of Control. 

        (o)   "Plan Administrator" means the Board or any committee duly authorized by the Board to administer
the Plan. The Plan Administrator may, but is not required to be, the Compensation Committee of the Board. The Board may at any time administer the Plan, in whole or in part, notwithstanding that the
Board has previously appointed a committee to act as the Plan Administrator. 

        (p)   "Subsidiary" means, with respect to the Company, (A) any corporation of which more than
fifty percent (50%) of the outstanding capital stock having ordinary voting power to elect a majority of the board of directors of such corporation (irrespective of whether, at the time, stock of any
other class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time, directly or indirectly, Owned by the Company, and
(B) any partnership in which the Company has a direct or indirect interest (whether in the form of voting or participation in profits or capital contribution) of more than fifty percent (50%). 

SECTION 3.    ELIGIBILITY FOR BENEFITS.  

        (a)   General Rules.    Subject to the limitations set forth in this Section 3 and Section 5, in the
event of a Covered Termination, the Company shall provide the severance benefits described in Section 4 to each affected Eligible Employee. 

        (b)   Exceptions to Benefit Entitlement.    An employee, including an employee who otherwise is an Eligible Employee,
will not receive benefits under the Plan (or will receive reduced benefits under the Plan) in the following circumstances, as determined by the Plan Administrator in its sole discretion: 

        (i)    The employee's employment terminates or is terminated for any reason other than a Covered Termination. 

        (ii)   The employee resigns his or her employment with the Company in order to accept employment with another entity that is
controlled (directly or indirectly) by the Company or is otherwise an affiliate of the Company. 

        (iii) The employee does not confirm in writing that he or she shall be subject to the provisions of Section 5(f), the
employee's proprietary information agreement with the Company or the employee's confidentiality agreement with the Company. 

        (iv)  The employee is rehired by the Company prior to the date benefits under the Plan are scheduled to be paid or otherwise
commence. 

        (v)   The employee is offered an identical or substantially equivalent or comparable position with the Company or a successor
pursuant to a Change of Control. For purposes of the foregoing, a "substantially equivalent or comparable position" is one that offers the employee substantially the same level of responsibility and
compensation; provided, however, that an employee shall not be considered to be offered a "substantially equivalent or comparable position" if a
resignation by the employee would constitute a Constructive Termination. 

        (c)   Termination or Return of Benefits.    An Eligible Employee's right to receive benefits under this Plan shall
terminate immediately (and any benefits received pursuant to this Plan shall be 

4

 

immediately
returned to the Company) if, at any time prior to or during the eighteen (18) month period following a Change of Control, the Eligible Employee, without the prior written approval
of the Plan Administrator: 

        (i)    willfully breaches a material provision of the Eligible Employee's proprietary information or confidentiality agreement
with the Company, as referenced in Section 3(b)(iii); 

        (ii)   encourages or solicits any of the Company's then current employees to leave the Company's employ for any reason or
interferes in any other manner with employment relationships at the time existing between the Company and its then current employees; 

        (iii) uses the Company's proprietary or confidential information to induce any of the Company's then current clients,
customers, suppliers, vendors, distributors, licensors, licensees or other third party to terminate or materially diminish their existing business relationship with the Company or interferes in any
other manner with any existing business relationship between the Company and any then current client, customer, supplier, vendor, distributor, licensor, licensee or other third party; or 

        (iv)  willfully breaches a material provision of Section 5(f). 

SECTION 4.    AMOUNT OF BENEFITS.  

        In the event an Eligible Employee incurs a Covered Termination, the Eligible Employee shall receive the benefits set forth in this Section 4, subject,
however, to the payment provisions set forth in Section 6 and the other limitations and exclusions set forth in this Plan. 

        (a)   Cash Severance Benefits.    Except as otherwise provided herein, the Company shall make four equal quarterly
cash severance payments to each Eligible Employee in an amount equal to the sum of (i) one-fourth the Eligible Employee's Base Salary, as in effect on the date of a Covered
Termination, or, if higher, as in effect immediately prior to the Change of Control, plus (ii) an additional payment equal to one-fourth of the product of (i) the Eligible
Employee's annual target bonus at 100% achievement, as in effect on the date of a Covered Termination, or, if higher, as in effect immediately prior to the Change of Control multiplied by
(ii) a fraction (x) the numerator of which is the sum of 365 plus the number of calendar days of service actually served by the Eligible Employee in the fiscal year of the Company in
which such termination occurs and (y) the denominator of which is 365 (e.g., if a qualifying termination occurs effective May 31st of a given year and the Company's bonus
program is based on an October 31 fiscal year end, the payment pursuant to this Section 4(a) will equal the full bonus for the fiscal year of termination at 100% of target, regardless of
the Company's actual performance, multiplied by (365 + 212)/365)), such payments to be due on the last day of the third, sixth, ninth and twelfth months following the date of the Covered
Termination, provided, however, that if any such payment would otherwise be due on a date that is later than the 15th day of the
third month following the end of the fiscal year in which an Eligible Employee's Covered Termination occurs, such payment shall instead be made on or prior to the 15th day of the
third month following the end of the fiscal year in which an Eligible Employee's Covered Termination occurs. For the avoidance of doubt, it is the intent of this Section 4(a) to provide a cash
severance benefit equal to 100% of the Base Salary (as modified) plus 100% of the target bonus for the year of the Covered Termination plus a prorated target bonus (so that the total bonus is between
100% and 200% of the target bonus regardless of actual over or under achievement of performance targets). 

        (b)   Health Continuation Coverage.  

         (i)    Provided that the Eligible Employee is eligible for, and has made an election at the time of the Covered Termination pursuant to
COBRA under a
health, dental, or vision plan sponsored by the Company, each such Eligible Employee shall be entitled to receive a lump-sum payment equal to the amount of the COBRA premiums (inclusive of
premiums for the Eligible Employee's 

5

 

dependents
for such health, dental, or vision plan coverage as in effect immediately prior to the date of the Covered Termination) necessary to maintain such health, dental, or vision plan coverage
for a period of twelve (12) months following the date of the Covered Termination. Such lump-sum payment shall be made on or prior to the 15th day of the third
month following the end of the fiscal year in which the Employee's Covered Termination occurs. The Eligible Employee shall be solely responsible for making the payments required under the COBRA
coverage elected by the Eligible Employee. 

        (ii)   For purposes of this Section 4(b), (A) references to COBRA shall be deemed to refer also to analogous
provisions of state law, and (B) any applicable insurance premiums that are paid by the Company shall not include any amounts payable by the Eligible Employee under an Internal Revenue Code
Section 125 health care reimbursement plan, which amounts, if any, are the sole responsibility of the Eligible Employee. 

        (c)   Vesting Acceleration.    Effective upon the Covered Termination, all Company stock awards, including options,
restricted stock, stock appreciation rights and any other form of performance-based equity award, then held by the Eligible Employee shall vest in full and become fully exercisable as of the date of
such Covered Termination (subject, if applicable, to the exercise period post-termination set forth in the applicable option agreement, or if none is stated, in the plan(s) pursuant to
which such options were granted). 

        (d)   Other Employee Benefits.    All other benefits (such as life insurance, disability coverage, and 401(k) plan
coverage) shall terminate as of the Eligible Employee's termination date (except to the extent that a conversion privilege may be available thereunder). 

        (e)   Additional Benefits.    Notwithstanding the foregoing, the Plan Administrator may, in its sole discretion,
provide benefits in addition to those pursuant to Sections 4(a), 4(b), and 4(c) to Eligible Employees, or to employees who are not Eligible Employees but for whom there has been a termination
of employment that would be a Covered Termination if such employee were an Eligible Employee ("Non-Eligible Employees"), chosen by the Plan
Administrator, in its sole discretion, and the provision of any such benefits to an Eligible Employee or a Non-Eligible Employee shall in no way obligate the Company to provide such
benefits to any other Eligible Employee or to any other Non-Eligible Employee, even if similarly situated. If benefits under the Plan are provided to a non-Eligible Employee,
references in the Plan to "Eligible Employee" (with the exception of Sections 4(a), 4(b), and 4(c)) shall be deemed to refer to such Non-Eligible Employee. Any benefits paid
pursuant to this Section 4(e) shall be paid not later than the 15th day of the third month following the end of the fiscal year in which the Eligible Employee's Covered
Termination, or Non-Eligible Employee's termination of employment, occurs. 

SECTION 5.    LIMITATIONS ON BENEFITS.  

        (a)   Release.    In order to be eligible to receive benefits under the Plan, an Eligible Employee must execute the
Company's standard (and then-current) severance agreement and general release, and such release must become effective in accordance with its terms. Unless a Change of Control has occurred,
the Plan Administrator, in its sole discretion, may modify the form of the required release to comply with applicable law and shall determine the form of the required release, which may be
incorporated into a termination agreement or other agreement with the Eligible Employee. 

        (b)   Certain Reductions.    The Plan Administrator, in its sole discretion, shall have the authority to reduce an
Eligible Employee's severance benefits, in whole or in part, by any other severance benefits, pay in lieu of notice, or other similar benefits payable to the Eligible Employee by the Company that
become payable in connection with the Eligible Employee's termination of employment pursuant to (i) any applicable legal requirement, including, without limitation, the Worker Adjustment and
Retraining Notification Act (the "WARN Act"), (ii) a written employment or severance agreement with 

6

 

the
Company, or (iii) any Company policy or practice providing for the Eligible Employee to remain on the payroll for a limited period of time after being given notice of the termination of the
Eligible Employee's employment. The benefits provided under this Plan are intended to satisfy, in whole or in part, any and all statutory obligations that may arise out of an Eligible Employee's
termination of employment, and the Plan Administrator shall so construe and implement the terms of the Plan. The Plan Administrator's decision to apply such reductions to the severance benefits of one
Eligible Employee and the amount of such reductions shall in no way obligate the Plan Administrator to apply the same reductions in the same amounts to the severance benefits of any other Eligible
Employee, even if similarly situated. In the Plan Administrator's sole discretion, such reductions may be applied on a retroactive basis, with severance benefits previously paid being
re-characterized as payments pursuant to the Company's statutory obligation. 

        (c)   Parachute Payments.    Except as otherwise provided in an agreement between an Eligible Employee and the
Company, if any payment or benefit the Eligible Employee would receive in connection with a Change of Control from the Company or otherwise ("Payment")
would (i) constitute a "parachute payment" within the meaning of Section 280G of the Code, and (ii) but for this sentence, be subject to the excise tax imposed by
Section 4999 of the Code (the "Excise Tax"), then such Payment shall be equal to the Reduced Amount. The "Reduced Amount" shall be either
(x) the largest portion of the Payment that would result in no portion of the Payment being subject to the Excise Tax, or (y) the largest portion, up to and including the total, of the
Payment, whichever amount, after taking into account all applicable federal, state and local employment taxes, income taxes, and the Excise Tax (all computed at the highest applicable marginal rate),
results in the Eligible Employee's receipt, on an after-tax basis, of the greater amount of the Payment notwithstanding that all or some portion of the Payment may be subject to the Excise
Tax. If a reduction in payments or benefits constituting "parachute payments" is necessary so that the Payment equals the Reduced Amount, reduction shall occur in the following order unless the
Eligible Employee elects in writing a different order (provided, however, that such election shall be subject to Company approval if made on or after the date on which the event that triggers the
Payment occurs): (1) reduction of cash payments; (2) cancellation of accelerated vesting of equity awards other than stock options; (3) cancellation of accelerated vesting of
stock options; and (4) reduction of other benefits paid to an Eligible Employee. If acceleration of vesting of compensation from an Eligible Employee's equity awards is to be reduced, such
acceleration of vesting shall be cancelled by first canceling such acceleration for the vesting installment that will vest last and continuing by canceling as a first priority such acceleration for
vesting installment with the latest vesting unless the Eligible Employee elects in writing a different order for cancellation prior to any Change of Control. 

        (d)   Mitigation.    Except as otherwise specifically provided herein, an Eligible Employee shall not be required to
mitigate damages or the amount of any payment provided under this Plan by seeking other employment or otherwise, nor shall the amount of any payment provided for under this Plan be reduced by any
compensation earned by an Eligible Employee as a result of employment by another employer or any retirement benefits received by such Eligible Employee after the date of the Eligible Employee's
termination of employment with the Company, except for health continuation coverage provided pursuant to Section 4(b). 

        (e)   Non-Duplication of Benefits.    Except as otherwise specifically provided for herein, no Eligible
Employee is eligible to receive benefits under this Plan more than one time. This Plan is designed to provide certain severance pay and Change of Control to Eligible Employees pursuant to the terms
and conditions set forth in this Plan. The payments pursuant to this Plan are in addition to, and not in lieu of, any unpaid salary, bonuses or benefits to which an Eligible Employee may be entitled
for the period ending with the Eligible Employee's Covered Termination. 

        (f)    Noncompetition.    To the fullest extent permitted by law, in the event of a change of control that constitutes
a transaction within the meaning of California Business and Professions Code 

7

 

section 16601
between Eligible Employee and the Company (to wit, Eligible Employee sells the goodwill of the Company, disposes (by merger or otherwise) of all of his or her ownership interest
in the Company, or sells all or substantially all of the operating assets together with the goodwill of the business or of a division or a subsidiary of the business), then at the written request of
the Company or the surviving corporation in a Change of Control, for a period of eighteen (18) months following the effective date of the Change of Control, the Eligible Employee shall not
serve as an officer, director, stockholder, employee, partner, proprietor, investor, joint venturer, affiliate, agent or consultant of any other person, corporation, firm, partnership or other entity
whatsoever that competes directly or indirectly with the Company or any Subsidiary of the Company ("Applicable Entities") anywhere in the world, in any
line of business engaged in (or reasonably planned to be engaged in) by the Applicable Entities immediately prior to the effective time of the Change of Control; provided,
however, that the Eligible Employee may hold, as a passive investment, up to (i) 2% of any class of securities of any private enterprise (but without active
participation in the activities of such enterprise); or (ii) 1% of any class of securities of any publicly-traded enterprise (but without active participation in the activities of such
enterprise). 

SECTION 6.    TIME OF PAYMENT AND FORM OF BENEFITS.  

        (a)   General Rules.    Except as otherwise provided herein, the payment of benefits in Section 4 shall be
made in accordance with and subject to the Company's normal payroll practices. In no event shall payment of any Plan benefit be made prior to the Eligible Employee's termination date or prior to the
effective date of the release described in Section 5(a). For the avoidance of doubt, in the event of an acceleration of the exercisability of an option or other equity award pursuant to
Section 4(c), such option or other equity award shall not be exercisable with respect to such acceleration of exercisability unless and until the effective date of the release described in
Section 5(a). 

        (b)   Application of Section 409A.    If the Plan Administrator determines that (i) any cash severance
benefit provided under Section 4(a), (ii) any health continuation coverage provided under Section 4(b) or (iii) any additional benefit provided under Section 4(e)
fails to satisfy the distribution requirement of Section 409A(a)(2)(A) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, the payment of such benefit
shall be delayed to the minimum extent necessary so that such benefits are not subject to the provisions of Section 409A(a)(1) of the Code. The Plan Administrator may attach conditions to or
adjust the amounts paid pursuant to this Section 6(b) to preserve, as closely as possible, the economic consequences that would have applied in the absence of this Section 6(b);  provided, however, that no such condition shall result in the payments being subject to Section 409A(a)(1) of the Code. 

        (c)   Withholding.    All such payments under the Plan will be subject to all applicable withholding obligations of
the Company, without limitation, obligations to withhold for federal, state and local income and employment taxes. 

        (d)   Indebtedness of Eligible Employees.    If an Eligible Employee is indebted to the Company on the effective date
of his or her Covered Termination, the Plan Administrator reserves the right to offset any severance payments under the Plan by the amount of such indebtedness. 

SECTION 7.    RIGHT TO INTERPRET PLAN; AMENDMENT AND TERMINATION.  

        (a)   Exclusive Discretion.    The Plan Administrator shall have the exclusive discretion and authority to establish
rules, forms, and procedures for the administration of the Plan, and to construe and interpret the Plan and to decide any and all questions of fact, interpretation, definition, computation or
administration arising in connection with the operation of the Plan, including, but not limited to, the eligibility to participate in the Plan and amount of benefits paid under the Plan. The 

8

 

rules,
interpretations, computations and other actions of the Plan Administrator shall be binding and conclusive on all persons. 

        (b)   Amendment or Termination.    The Company reserves the right to amend or terminate this Plan or the benefits
provided hereunder at any time; provided, however, that no such amendment or termination shall occur during the period that begins nine
(9) months prior to a Change of Control and ends twelve (12) months after such Change of Control as to any Eligible Employee who would be adversely affected by such amendment or
termination unless such Eligible Employee consents in writing to such amendment or termination. Any action amending or terminating the Plan shall be in writing and executed by the Chief Executive
Officer or General Counsel of the Company. 

SECTION 8.    NO IMPLIED EMPLOYMENT CONTRACT.  

        The Plan shall not be deemed (i) to give any employee or other person any right to be retained in the employ of the Company, or (ii) to interfere
with the right of the Company to discharge any employee or other person at any time, with or without cause, which right is hereby reserved. 

SECTION 9.    LEGAL CONSTRUCTION.  

        This Plan is intended to be governed by and shall be construed in accordance with ERISA and, to the extent not preempted by ERISA, the laws of the State of
California. 

SECTION 10.    CLAIMS, INQUIRIES AND APPEALS.  

        (a)   Applications for Benefits and Inquiries.    Any application for benefits, inquiries about the Plan or inquiries
about present or future rights under the Plan must be submitted to the Plan Administrator in writing by an applicant (or his or her authorized representative). The Plan Administrator is set forth in
Section 13(d). 

        (b)   Denial of Claims.    In the event that any application for benefits is denied in whole or in part, the Plan
Administrator must provide the applicant with written or electronic notice of the denial of the application, and of the applicant's right to review the denial. Any electronic notice will comply with
the regulations of the U.S. Department of Labor. The notice of denial will be set forth in a manner designed to be understood by the applicant and will include the following: 

        (i)    the specific reason or reasons for the denial; 

        (ii)   references to the specific Plan provisions upon which the denial is based; 

        (iii) a description of any additional information or material that the Plan Administrator needs to complete the review and an
explanation of why such information or material is necessary; and 

        (iv)  an explanation of the Plan's review procedures and the time limits applicable to such procedures, including a statement
of the applicant's right to bring a civil action under Section 502(a) of ERISA following a denial on review of the claim, as described in Section 10(d) below. 

        This
notice of denial will be given to the applicant within ninety (90) days after the Plan Administrator receives the application, unless special circumstances require an
extension of time, in which case, the Plan Administrator has up to an additional ninety (90) days for processing the application. If an extension of time for processing is required, written
notice of the extension will be furnished to the applicant before the end of the initial ninety (90) day period. 

        This
notice of extension will describe the special circumstances necessitating the additional time and the date by which the Plan Administrator is to render its decision on the
application. 

9

 

        (c)   Request for a Review.    Any person (or that person's authorized representative) for whom an application for
benefits is denied, in whole or in part, may appeal the denial by submitting a request for a review to the Plan Administrator within sixty (60) days after the application is denied. A request
for a review shall be in writing and shall be addressed to: 

Synopsys, Inc.

Attn: General Counsel

700 East Middlefield Road

Mountain View, CA 94043 

A
request for review must set forth all of the grounds on which it is based, all facts in support of the request and any other matters that the applicant feels are pertinent. The applicant (or his or
her representative) shall have the opportunity to submit (or the Plan Administrator may require the applicant to submit) written comments, documents, records, and other information relating to his or
her claim. The applicant (or his or her representative) shall be provided, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant
to his or her claim. The review shall take into account all comments, documents, records and other information submitted by the applicant (or his or her representative) relating to the claim, without
regard to whether such information was submitted or considered in the initial benefit determination. 

        (d)   Decision on Review.    The Plan Administrator will act on each request for review within sixty (60) days
after receipt of the request, unless special circumstances require an extension of time (not to exceed an additional sixty (60) days), for processing the request for a review. If an extension
for review is required, written notice of the extension will be furnished to the applicant within the initial sixty (60) day period. This notice of extension will describe the special
circumstances necessitating the additional time and the date by which the Plan Administrator is to render its decision on the review. The Plan Administrator will give prompt, written or electronic
notice of its decision to the applicant. Any electronic notice will comply with the regulations of the U.S. Department of Labor. In the event that the Plan Administrator confirms the denial of the
application for benefits in whole or in part, the notice will set forth, in a manner calculated to be understood by the applicant, the following: 

        (i)    the specific reason or reasons for the denial; 

        (ii)   references to the specific Plan provisions upon which the denial is based; 

        (iii) a statement that the applicant is entitled to receive, upon request and free of charge, reasonable access to, and
copies of, all documents, records and other information relevant to his or her claim; and 

        (iv)  a statement of the applicant's right to bring a civil action under Section 502(a) of ERISA. 

        (e)   Rules and Procedures.    The Plan Administrator will establish rules and procedures, consistent with the Plan
and with ERISA, as necessary and appropriate in carrying out its responsibilities in reviewing benefit claims. The Plan Administrator may require an applicant who wishes to submit additional
information in connection with an appeal from the denial of benefits to do so at the applicant's own expense. 

        (f)    Exhaustion of Remedies.    No legal action for benefits under the Plan may be brought until the applicant
(i) has submitted a written application for benefits in accordance with the procedures described by Section 10(a) above, (ii) has been notified by the Plan Administrator that the
application is denied, (iii) has filed a written request for a review of the application in accordance with the appeal procedure described in Section 10(c) above, and (iv) has
been notified that the Plan Administrator has denied the appeal. Notwithstanding the foregoing, if the Plan Administrator does not respond to an applicant's claim or appeal within the relevant time
limits specified in this Section 10, the applicant may bring legal action for benefits under the Plan pursuant to Section 502(a) of ERISA. 

10

 

SECTION 11.    BASIS OF PAYMENTS TO AND FROM PLAN.  

        The Plan shall be unfunded, and all benefits hereunder shall be paid only from the general assets of the Company. 

SECTION 12.    OTHER PLAN INFORMATION.  

        (a)   Employer and Plan Identification Numbers.    The Employer Identification Number assigned to the Company (which
is the "Plan Sponsor" as that term is used in ERISA) by the Internal Revenue Service is 56-1546236. The Plan Number assigned to the Plan by the Plan Sponsor pursuant to the instructions of
the Internal Revenue Service is 5            . 

        (b)   Ending Date for Plan's Fiscal Year.    The date of the end of the fiscal year for the purpose of maintaining
the Plan's records is the fiscal year ending on the Saturday that is closest to October 31. 

        (c)   Agent for the Service of Legal Process.    The agent for the service of legal process with respect to the Plan
is: 

Synopsys, Inc.

Attn: General Counsel

700 East Middlefield Road

Mountain View, CA 94043 

        (d)   Plan Sponsor and Administrator.    The "Plan Sponsor" and the "Plan Administrator" of the Plan is: 

Synopsys, Inc.

Attn: General Counsel

700 East Middlefield Road

Mountain View, CA 94043 

        The
Plan Sponsor's and Plan Administrator's telephone number is (650) 584-5000. The Plan Administrator is the named fiduciary charged with the responsibility for
administering the Plan. 

SECTION 13.    STATEMENT OF ERISA RIGHTS.  

        Participants in this Plan (which is a welfare benefit plan sponsored by Synopsys, Inc.) are entitled to certain rights and protections under ERISA. If you
are an Eligible Employee, you are considered a participant in the Plan for the purposes of this Section 13 and, under ERISA, you are entitled to: 

        (a)   Receive Information About Your Plan and Benefits  

         (i)    Examine, without charge, at the Plan Administrator's office and at other specified locations, such as worksites, all documents
governing the Plan
and a copy of the latest annual report (Form 5500 Series), if applicable, filed by the Plan with the U.S. Department of Labor and available at the Public Disclosure Room of the Employee
Benefits Security Administration; 

        (ii)   Obtain, upon written request to the Plan Administrator, copies of documents governing the operation of the Plan and
copies of the latest annual report (Form 5500 Series), if applicable, and an updated (as necessary) Summary Plan Description. The Administrator may make a reasonable charge for the copies; and 

        (iii) Receive a summary of the Plan's annual financial report, if applicable. The Plan Administrator is required by law to
furnish each participant with a copy of this summary annual report. 

        (b)   Prudent Actions By Plan Fiduciaries.    In addition to creating rights for Plan participants, ERISA imposes
duties upon the people who are responsible for the operation of the employee benefit 

11

 

plan.
The people who operate the Plan, called "fiduciaries" of the Plan, have a duty to do so prudently and in the interest of you and other Plan participants and beneficiaries. No one, including your
employer, your union or any other person, may fire you or otherwise discriminate against you in any way to prevent you from obtaining a Plan benefit or exercising your rights under ERISA. 

        (c)   Enforce Your Rights.  

         (i)    If your claim for a Plan benefit is denied or ignored, in whole or in part, you have a right to know why this was done, to obtain
copies of
documents relating to the decision without charge, and to appeal any denial, all within certain time schedules. 

        (ii)   Under ERISA, there are steps you can take to enforce the above rights. For instance, if you request a copy of Plan
documents or the latest annual report from the Plan, if applicable, and do not receive them within 30 days, you may file suit in a Federal court. In such a case, the court may require the Plan
Administrator to provide the materials and pay you up to $110 a day until you receive the materials, unless the materials were not sent because of reasons beyond the control of the Plan Administrator. 

        (iii) If you have a claim for benefits which is denied or ignored, in whole or in part, you may file suit in a state or
Federal court. 

        (iv)  If you are discriminated against for asserting your rights, you may seek assistance from the U.S. Department of Labor,
or you may file suit in a Federal court. The court will decide who should pay court costs and legal fees. If you are successful, the court may order the person you have sued to pay these costs and
fees. If you lose, the court may order you to pay these costs and fees, for example, if it finds your claim is frivolous. 

        (d)   Assistance With Your Questions.    If you have any questions about the Plan, you should contact the Plan
Administrator. If you have any questions about this statement or about your rights under ERISA, or if you need assistance in obtaining documents from the Plan Administrator, you should contact the
nearest office of the Employee Benefits Security Administration, U.S. Department of Labor, listed in your telephone directory or the Division of Technical Assistance and Inquiries, Employee Benefits
Security Administration, U.S. Department of Labor, 200 Constitution Avenue N.W., Washington, D.C. 20210. You may also obtain certain publications about your rights and responsibilities under ERISA by
calling the publications hotline of the Employee Benefits Security Administration. 

SECTION 14.    GENERAL PROVISIONS.  

        (a)   Notices.    Any notice, demand or request required or permitted to be given by either the Company or an
Eligible Employee pursuant to the terms of this Plan shall be in writing and shall be deemed given when delivered personally or deposited in the U.S. mail, First Class with postage prepaid, and
addressed to the parties, in the case of the Company, at the address set forth in Section 12(d) and, in the case of an Eligible Employee, at the address as set forth in the Company's employment
file maintained for the Eligible Employee as previously furnished by the Eligible Employee or such other address as a party may request by notifying the other in writing. 

        (b)   Transfer and Assignment.    The rights and obligations of an Eligible Employee under this Plan may not be
transferred or assigned without the prior written consent of the Company. This Plan shall be binding upon any surviving entity resulting from a Change of Control and upon any other person who is a
successor by merger, acquisition, consolidation or otherwise to the business formerly carried on by the Company without regard to whether or not such person or entity actively assumes the obligations
hereunder. 

        (c)   Waiver.    Any Party's failure to enforce any provision or provisions of this Plan shall not in any way be
construed as a waiver of any such provision or provisions, nor prevent any Party from 

12

 

thereafter
enforcing each and every other provision of this Plan. The rights granted the Parties herein are cumulative and shall not constitute a waiver of any Party's right to assert all other legal
remedies available to it under the circumstances. 

        (d)   Severability.    Should any provision of this Plan be declared or determined to be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired. 

        (e)   Section Headings.    Section headings in this Plan are included for convenience of reference only and shall not
be considered part of this Plan for any other purpose. 

SECTION 15.    EXECUTION.  

        To record the amendment and restatement of the Plan as set forth herein, Synopsys, Inc. has caused its duly authorized officer to execute the same as of
the date set forth below. 

	

 	
 	
SYNOPSYS, INC.
	
 	
 	

By:	
 	

 
	 	 	 	 	

	 	 	Title:	 	 
	 	 	 	 	

	 	 	Date:	 	 
	 	 	 	 	

13

 

  SYNOPSYS, INC.  

 AMENDED AND RESTATED EXECUTIVE CHANGE OF CONTROL SEVERANCE BENEFIT PLAN  

 PARTICIPATION NOTICE  

	To:	 	 	 	 
	

Date:	
 	

 	
 	

 
	 	 	
	 	 

        Synopsys, Inc.
(the "Company") has adopted the Synopsys, Inc. Amended and Restated Executive Change of Control Severance
Benefit Plan (the "Plan"). The Company is providing you with this Participation Notice to inform you that you qualify as a participant in the Plan. A
copy of the Plan document is attached to this Participation Notice. [Except as provided below, the][The] terms and conditions of your participation in
the Plan are as set forth in the Plan, and in the event of any conflict between this Participation Notice and the Plan, the terms of the Plan shall prevail. 

        [Your
participation in the Plan is modified as
follows:                                    ] 

        Please
retain a copy of this Participation Notice, along with the Plan document, for your records. 

	

 	
 	
SYNOPSYS, INC.
	
 	
 	

By:	
 	

 
	 	 	 	 	

	 	 	Its:	 	 
	 	 	 	 	

ACKNOWLEDGEMENT  

        The undersigned hereby acknowledges receipt of the foregoing Participation Notice. The undersigned acknowledges that the undersigned has been advised to obtain
tax and financial advice regarding the consequences of participating in the Plan, including the effect, if any, of Sections 409A and 4999 of the Internal Revenue Code. The undersigned further
acknowledges that the undersigned has no severance benefits [(other than with respect to awards under
the                        Plan)] except as provided by the attached Plan. 

	 	 	

	

 	
 	

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