Document:

Form of Nonqualified Stock Option Agreement

 EXHIBIT 10.5 

VONAGE HOLDINGS CORP. 

2006 INCENTIVE PLAN 

NONQUALIFIED STOCK OPTION AGREEMENT 

“Participant”: ____________________ 

“Date of Award”: _______________ 

This Agreement, effective as of the Date of Award set forth above, represents the grant of Nonqualified Stock Options by Vonage Holdings
Corp., a Delaware corporation (the “Company”), to the Participant named above, pursuant to the provisions of the Vonage Holdings Corp. 2006 Incentive Plan (the “Plan”). Capitalized terms have
the meanings ascribed to them under the Plan, unless specifically set forth herein. 
 The parties hereto agree as follows:

  

	 	1.	Grant of Options 

 The
Company hereby grants to the Participant Nonqualified Stock Options to purchase Shares in the manner and subject to the terms and conditions of the Plan and this Agreement as follows: 

(a) Number of Shares Covered by the Options: ____________ 

(b) “Option Price”: $_______ per Share 

(c) “Option Term”: The Options have been granted for a period of ten years, ending on the tenth
anniversary of the Date of Award. 
  

	 	2.	Vesting of Options 

(a) Subject to Section 2(e) below, the Options vest and become exercisable as to
1/4th of the Shares on each of the first, second, third
and fourth anniversaries of the Date of the Award. 

 (b) To the extent not previously vested in accordance with this Section 2, in the event
that the Participant’s employment terminates on or prior to the first anniversary of a Change of Control, due to termination by the Company without Cause or by the Participant for Good Reason, the Options will vest and become exercisable as of
the date of termination of employment. 
 (c) To the extent not previously vested in accordance with this Section 2, in the
event of the Participant’s death, the Options will (i) vest and become exercisable as of the date thereof as to one-half the number of unvested Shares covered thereby and (ii) remain exercisable until they terminate in accordance with
Section 4 below. 
 (d) To the extent not previously vested in accordance with this Section 2, in the event of the
Participant’s Disability, the Options will (i) vest and become exercisable as of the date thereof as to one-half the number of unvested Shares covered thereby and (ii) remain exercisable until they terminate in accordance with
Section 4 below. 
 (e) To the extent not previously vested in accordance with Section 2(a) above, if the
Participant’s employment with the Company terminates for a reason other than as set forth in Section 2(b), 2(c) or 2(d) above, the Options will terminate immediately and be of no force or effect. 

(f) To the extent vested in accordance with this Section 2, the Options will remain exercisable until they terminate in accordance
with Section 4 below. 
 (g) For purposes of this Section 2, the following terms have the meanings set forth below:

 “Cause” means any cause for unilateral termination of employment by the Company based on employee
misconduct, as specified in the Participant’s employment agreement with the Company, or, if the Participant is not party to an employment agreement with the Company, means (i) material failure to perform employment duties (not as a
consequence of any illness, accident or other disability), (ii) continued, willful failure to carry out any reasonable lawful direction of the Company, (iii) diverting or usurping a corporate opportunity of the Company, (iv) gross
negligence or recklessness in performance of employment duties, (v) other serious willful misconduct which causes material injury to the Company or its reputation, including, but not limited to, willful or gross misconduct toward any of the
Company’s other employees, and (vi) commission of a felony or a crime involving moral turpitude. 

“Disability” means the Participant (i) is unable to engage in any substantial gainful activity by reason of
any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (ii) is, by reason of any medically determinable physical or
mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefit for a period of not less than three months under an accident and health
plan covering employees of the Company. 
  

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 “Good Reason” means, without the Participant’s consent, a
(i) reduction by the Company in the Participant’s title, compensation, duties and/or responsibilities or (ii) relocation by the Company following a Change of Control of the Participant’s principal place of employment to a
location more than 30 miles distant from its location at the time of the Change of Control. 
  

	 	3.	Exercise of Options 

 (a)
The Options may be exercised by written notice to the Company, specifying the number of Shares the Participant then desires to purchase, accompanied by the Option Price of such Shares, and as soon as practicable after receipt of such notice and
payment, such Shares will be issued in the Participant’s name. The Committee reserves the right to modify the exercise procedures from time to time. 

(b) Except as otherwise provided in this Section 3, the Participant must submit a check payable to the order of Vonage Holdings
Corp. for an amount in United States dollars equal to the Option Price of such Shares, or tender Shares to the Company having an aggregate Fair Market Value on the date of exercise equal to such Option Price, or a combination thereof. If permitted
by the Committee, the Participant may direct the Company to withhold a number of Shares covered by the Option having an aggregate Fair Market Value on the date of exercise equal to such Option Price. 

 

	 	4.	Termination of Options 

To the extent vested in accordance with Section 2 above, the Options will terminate, and be of no force or effect, upon the earlier
of: 
 (a) the date of termination of the Participant’s employment if such termination is for Cause, the first anniversary
of such date if the Participant’s employment terminates for a reason as set forth in Section 2(b), 2(c) or 2(d) above, 30 days following such date if such termination is due to the Participant’s resignation, or 90 days following such
date if such termination is for any other reason; and 
 (b) the expiration of the Option Term. 

 

	 	5	Rights as Stockholder 

The Participant shall have no rights as a stockholder of the Company with respect to the Shares covered by the Options until such time as
the Option Price has been paid and the Shares have been issued and delivered to the Participant. 
  

 3 

	 	6.	Transferability 

 Unless
permitted by the Committee in accordance with the terms of the Plan, the Options may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution, and, during the
Participant’s lifetime, may be exercised only by the Participant or in the event of the Participant’s legal incapacity, the Participant’s legal guardian or representative. 

 

	 	7.	Miscellaneous 

 (a) This
Agreement and the rights of the Participant hereunder are subject to the terms and conditions of the Plan, as the same may be amended from time to time, as well as to such rules and regulations as the Committee may adopt for administration of the
Plan. If there is any inconsistency between the terms of this Agreement and the terms of the Plan, the Plan’s terms shall completely supersede and replace the conflicting terms of this Agreement. 

(b) This Agreement shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or
national securities exchanges as may be required or, the Committee determines are advisable. The Participant agrees to take all steps the Company determines are necessary to comply with all applicable provisions of federal and state securities law
in exercising his or her rights under this Agreement. The Committee shall have the right to impose such restrictions on any Shares acquired pursuant to the exercise of the Option as it deems necessary or advisable under applicable federal securities
laws, the rules and regulations of any stock exchange or market upon which Shares are then listed or traded, and/or any blue sky or state securities laws applicable to Shares. It is expressly understood that the Committee is authorized to
administer, construe, and make all determinations necessary or appropriate to the administration of the Plan and this Agreement, all of which shall be binding upon the Participant. 

(c) The Options are intended not to provide for a “deferral of compensation” within the meaning of Section 409A of the
Code. Notwithstanding the forgoing or any provision of the Plan or this Agreement, if any provision of this Agreement or the Plan contravenes Section 409A of the Code or could cause the Participant to incur any tax, interest or penalties under
Section 409A of the Code, the Committee may, in its sole discretion and without the Participant’s consent, modify such provision in order to comply with the requirements of Section 409A of the Code or to satisfy the conditions of any
exception therefrom, or otherwise to avoid the imposition of the additional income tax and interest under Section 409A of the Code, while maintaining, to the maximum extent practicable, the original intent and economic benefit to the
Participant, without materially increasing the cost to the Company, of the applicable provision. 
 (d) Delivery of the Shares
underlying the Options upon exercise will be subject to the Participant satisfying all applicable federal, state, local and foreign taxes. The Company shall have authority to deduct or withhold from all amounts payable to the Participant in
connection with the Options, or require the Participant to remit to the Company, an amount sufficient to satisfy any applicable taxes required by law. 
  

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 (e) To the extent not preempted by federal law, this Agreement shall be governed by, and
construed in accordance with, the laws of the State of New York. 
 IN WITNESS WHEREOF, the Company and the Participant have
executed this Agreement as of the Date of Award. 
  

			
	 VONAGE HOLDINGS CORP.

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	  

	 Participant

 

 5Form of Lock-up Agreement

 Exhibit 10.1 

 

 

 LOCK-UP AGREEMENT 

January 15, 2010 
 J.P. MORGAN SECURITIES
INC. 
 As Representative of 

    the several Underwriters listed in 

    Schedule 1 to the Underwriting 

    Agreement referred to below 

c/o J.P. Morgan Securities Inc. 
 277 Park Avenue

 New York, NY 10172 
  

	Re:	Umpqua Holdings Corporation — Public Offering 

Ladies and Gentlemen: 
 The
undersigned understands that you, as Representative of the several Underwriters, propose to enter into two separate Underwriting Agreements (the “Underwriting Agreements”) on behalf of the several Underwriters named in Schedule 1 to such
Underwriting Agreements (the “Underwriters”), with Umpqua Holdings Corporation, an Oregon corporation (the “Company”), providing for the public offering (the “Common Public Offering”) of common stock, of the Company
(the “Shares”), and a concurrent public offering (the “Preferred Public Offering”, and together with the Common Public Offering, the “Public Offerings”) of Convertible Preferred Stock (the “Preferred Stock”,
and together with the Shares, the “Securities”), of the Company. Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Underwriting Agreements. 

In consideration of the Underwriters’ agreement to purchase and make the Public Offerings of the Securities, and for other good and
valuable consideration receipt of which is hereby acknowledged, the undersigned hereby agrees that, without your prior written consent on behalf of the Underwriters, the undersigned will not, during the period ending 90 days after the date of the
prospectus relating to the Common Public Offering or the Preferred Public Offering, as applicable (each a “Prospectus”), (1) offer, pledge, announce the intention to sell, sell, contract to sell, sell any option or contract to
purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock, no par value, of the Company (the “Common Stock”)
or any securities convertible into or exercisable or exchangeable for Common Stock (including without limitation, Common Stock which may be deemed to be beneficially owned by the undersigned in accordance with the rules and regulations of the
Securities and Exchange Commission and securities which may be issued upon exercise of a stock option or warrant) or (2) enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences of ownership
of the Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise or (3) make any demand for or exercise any right with
respect to the registration of any shares of Common Stock or any security convertible into or exercisable or exchangeable for Common Stock. 

 Notwithstanding the foregoing, the aforementioned restrictions on transfers of Common Stock
shall not apply to (i) a bona fide gift or gifts, (ii) dispositions to any trust for the direct or indirect benefit of the undersigned and/or the immediate family of the undersigned, (iii) transfers upon death by will or intestacy to
the undersigned’s immediate family, (iv) the sale pursuant to any contract, instruction or plan in effect on the date hereof that satisfies all of the requirements of Rule 10b5-1(c)(1)(i)(B) (a “10b-5 Plan”) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), (v) the establishment of any 10b5-1 Plan, provided that no sales of Common Stock or securities convertible into, or exchangeable or exercisable for Common Stock, shall be
made pursuant to such 10b5-1 Plan prior to the expiration of the 90-day restricted period, (vi) dispositions from any grantor retained annuity trust established for the direct benefit of the undersigned and/or a member of the immediate family
of the undersigned pursuant to the terms of such trust, (vii) distributions to any partnership, corporation or limited liability company controlled by the undersigned or by a member of the immediate family of the undersigned,
(viii) dispositions pursuant to a pledge as in effect on the date hereof of Common Stock or securities convertible into, or exchangeable or exercisable for, Common Stock as security for amounts outstanding on the date hereof in the
undersigned’s margin account pursuant to the terms of such account, and (ix) the exercise of stock options or vesting of restricted stock awards pursuant to the Company’s stock incentive plans in effect on the date hereof effected by
means of net share settlement (including with respect to the surrender or forfeiture of Common Stock to satisfy tax withholding obligations) or by the delivery of Common Stock held by the undersigned, provided that the transfer restrictions
on the undersigned’s Common Stock received by the undersigned with respect to the exercise of such option or vesting of such award shall be subject to the transfer restrictions referenced herein; provided that, in the case of any gift,
disposition, transfer or distribution pursuant to clauses (i), (ii), (iii), (vi) or (vii), each donee, transferee or distributee shall agree to be bound in writing by the restrictions set forth herein; and provided further, that, in the
case of any gift, disposition, 10b5-1 Plan or distribution pursuant to clauses (i), (ii), (v), (vi) or (vii), no filing by any party under the Exchange Act or other public announcement shall be required or shall be made voluntarily in
connection with such gift, disposition, 10b5-1 Plan or distribution (other than a filing on a Form 5 made after the expiration of the 90-day restricted period).

Notwithstanding the foregoing, if (1) during the last 17 days of the 90-day restricted period, the Company issues an earnings
release or material news or a material event relating to the Company occurs; or (2) prior to the expiration of the 90-day restricted period, the Company announces that it will release earnings results during the 16-day period beginning on the
last day of the 90-day period, the restrictions imposed by this Letter Agreement shall continue to apply until the expiration of the 18-day period beginning on the issuance of the earnings release or the occurrence of the material news or material
event. 
 In furtherance of the foregoing, the Company, and any duly appointed transfer agent for the registration or transfer
of the securities described herein, are hereby authorized to decline to make any transfer of securities if such transfer would constitute a violation or breach of this Letter Agreement. 

The undersigned hereby represents and warrants that the undersigned has full power and authority to enter into this Letter Agreement. All
authority herein conferred or agreed to be conferred and any obligations of the undersigned shall be binding upon the successors, assigns, heirs or personal representatives of the undersigned. 

 The undersigned understands that, if either Underwriting Agreement does not become
effective, or if either Underwriting Agreement (other than the provisions thereof which survive termination) shall terminate or be terminated prior to payment for and delivery of the Common Stock or Preferred Stock to be sold thereunder, the
undersigned shall be released from, all obligations under this Letter Agreement. The undersigned understands that the Underwriters are entering into the Underwriting Agreements and proceeding with the Public Offerings in reliance upon this Letter
Agreement. 
 This Letter Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to
the conflict of laws principles thereof. 
  

			
	Very truly yours,
		
	By:	 	 
		 	Name:
		 	Title:

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