Document:

March 31, 2017 10K Exhibit 10.22

Exhibit 10.22

8X8, INC.

SECOND AMENDED AND RESTATED MANAGEMENT INCENTIVE BONUS PLAN

Effective: June 22, 2012

Amended:  January 23, 2017 & May 22, 2017

	PURPOSE

The purpose of this Second Amended and Restated Management Incentive
Bonus Plan (the "Plan") is to promote the success of 8x8, Inc. (the "Company") by providing financial incentives to eligible Employees (individually a "Participant" and
collectively the "Participants") to strive for more effective operation of the Company's business. The Company intends to use this Plan to link the interest of stockholders of the Company and
Plan Participants by motivating Participants to focus on profitable revenue growth, product quality, completing individual objectives that support the Company's overall business strategy, to attract and
retain Participants' services and to create a variable compensation plan that is competitive with other companies in the Company's market.

	DEFINITIONS

The following definitions shall be applicable throughout the Plan:

	"Annual Period" means the twelve-month period starting April 1 and ending March 31, which corresponds to the Company's fiscal year as of the Effective Date.

	"Award" means, as applicable, (a)
the individual right of a Participant to receive payments under this Plan with respect to Annual and Quarter Periods and related benefits, or (b)the amount of cash paid to a Participant under the Plan with
respect to an Annual or Quarter Period.

	"Award Determination Date" means the
date following the end of each Annual Period and each Quarter Period that the Compensation Committee of the Company's Board of Directors (the "Committee")
meets to review individual and Company performance, which shall in any event be no later than 45 days from the end of each Quarter Period and no later than 60 days from the end of each Annual Period.

	"Effective Date" means June 22, 2012.

	"Employee" means any individual, including an officer, who is a full service employee of the Company or any entity in which the
Company beneficially owns more than 50% of the outstanding ownership interests entitled to vote for the election of directors or the equivalent managing body of such entity, determined on a worldwide
basis.

	"Participant" has the meaning set forth in Section 1 above.

	"Participation Date" means, for each Participant, the date on which the Participant commences participation in the Plan as
determined in accordance with Section 4. 

	"Quarter Period" means the three-month
period representing the Company's fiscal quarter. The quarters begin on April 1st, July 1st, October 1st, and January 1st.

	"Term of the Plan" means the period during which the Plan is effective. This period shall begin on the Effective Date and end on a
date to be determined in accordance with Section 10 of the Plan.

	POWERS AND ADMINISTRATION

	Administration by the Committee.  Subject to any powers to be exercised by the Company's board of directors, in its
discretion, the Committee shall administer the Plan and have such powers and duties as are conferred upon it under this Plan, or any amendments thereto, or by the Board of Directors of the
Company. The Committee shall have the authority and complete discretion to (i) prescribe, amend and rescind rules relating to the Plan; (ii) select Participants to receive Awards; (iii) construe and
interpret the Plan; (iv) make changes in relation to the Term of the Plan; (v) correct any defect or omission, or reconcile any inconsistency in the Plan; (vi) authorize any person to execute on behalf of
the Company any instrument required to effectuate the grant of an Award; and (vii) make all other determinations deemed necessary or advisable for the administration of the Plan.

	Committee's Interpretation Final. The Committee's interpretation and construction of any provision of the Plan shall be final and binding
on all persons claiming an interest in an Award granted or issued under the Plan. Neither the Committee nor any director shall be liable for any action or determination made in good faith with respect to
the Plan. The Company, in accordance with its bylaws, shall indemnify and defend such parties to the fullest extent provided by law and such bylaws.

	Nontransferability of Awards. An award granted a Participant shall not be assignable or transferable in whole or in part, either
voluntarily or by operation of law or otherwise. In the event of the Participant's death, an Award is transferable by the Participant only by will or the laws of descent and distribution. Any attempted
assignment, transfer or attachment by any creditor in violation of this Subsection 3(c) shall be null and void.

	ELIGIBILITY AND PARTICIPATION

	Eligibility. All executive officers of the Company and other Employees deemed eligible by the Committee shall be eligible to
participate in the Plan, and the Committee's grant of an Award to an Employee shall be conclusive evidence of the Committee's determination of that Employee's eligibility.  A Participant's participation in
the Plan shall be deemed to commence effective as of his or her Participation Date.  The Participation Date for an eligible Employee will be (a) 90 days from the Employee's date of hire or (b) such other
date as the Committee may approve (for example, 90 days from the date of an existing Employee's promotion to a new position).  A Participant whose participation in the Plan commences on a date
other than on the first day of an Annual Period shall be entitled to receive a pro-rated payment with respect to that Annual Period, based on the number of days the Participant participates in the Plan
versus the maximum number of days available for participation during the Annual Period (assuming all other payment conditions are satisfied). For instance, a person hired on April 15th
will generally have a Participation Date of July 15th, which corresponds to 260 eligible days to participate in the Plan - i.e., from July 15th to March 31st.
Similarly, a Participant shall be entitled to a pro-rated payment with respect to the Quarter Period during which his or her participation in the Plan commences, based on the number of days of actual
participation versus the maximum number of days available during the Quarter Period (assuming all other payment conditions are satisfied).  

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	Employment Requirement.  Participants must be employed with the Company on the Award Determination Date and on the date the
Award is to be paid, to be eligible for an Award payment under the Plan.

	Participation and Approval. For each Annual Period, the Chief Executive Officer shall present to the Committee a list of recommended Participants employed by the
Company or a Company subsidiary at that time together with a recommended target Award for each Participant for the fiscal year, which recommendations may be submitted after the commencement of
the current Annual Period. The Committee shall review the Chief Executive Officer's report, make any adjustments the Committee deems necessary, and approve target Awards for the Annual Period. The Committee or the Chief Executive Officer shall communicate to each Participant his or her participation in the Plan and his or her individual objectives and
targets.

	CALCULATION OF AWARDS

	Awards Based on Objectives. 

	Awards for the Annual Period shall be based on (A) successful completion of approved individual objectives for such period (as approved at the beginning of the fiscal year),
(B) the Company's performance against predetermined metrics (as approved at the beginning of the fiscal year), or (C) some combination of both, as determined by the Committee at the beginning of
the relevant fiscal year.

	 Awards for the Quarter Period shall be based on (A) successful completion of approved individual objectives for such period (as approved at the beginning of the fiscal year
or the relevant fiscal quarter), (B) the Company's performance against predetermined metrics (as approved at the beginning of the fiscal year or the relevant fiscal quarter), or (C) some combination of
both, as determined by the Committee at the beginning of the relevant fiscal year.

	Determination of Award Target. Target amounts for Awards for Participants are determined by competitive market information relevant
to the job the individual is performing for the Company, the job function of the individual and the individuals' expected contributions to the Company. The target amounts may be a specified cash amount
or a percentage of base pay.

	Payment
All payments are to be made in cash, less applicable federal, state, local and FICA taxes, as soon as practicable after the Award Determination Date, but in all events within
75 days after it.

	AMENDMENT OF THE PLAN

The Committee may, from time to time, terminate, suspend, or discontinue the Plan, in whole or part, or revise or amend it in any respect
whatsoever.

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	SOURCE OF FUNDS

The Plan is funded by a portion of profits in excess of minimum profit targets set forth annually by the Committee. All awards paid under the Plan
are paid from the general assets of the Company and are not liabilities of the Company at any time prior to the time when payment is made. Nothing contained in the Plan shall require the Company to
segregate any monies from its general funds, or to create any trust or make any special deposit in respect of any amounts payable under the Plan to or for any Participant or group of Participants.

	RIGHTS AS AN EMPLOYEE

The Plan shall not be construed to give any individual the right to remain in the employ of the Company or to affect the right of the Company to
terminate such individual's status as an Employee. Participation in the Plan will not affect participation in any other compensatory plan maintained by the Company.

	EFFECTIVE DATE OF PLAN

The Plan is effective on the Effective Date and shall remain in effect until such time as the Committee decides to terminate the Plan.

   

   

   

                                                 4March 31, 2017 10K Exhibit 10.34

Exhibit 10.34

May 15, 2017

Rani Hublou

RE:8x8, Inc. Chief Marketing Officer

Dear Rani,

On behalf of 8x8, Inc., a Delaware corporation (the "Company"), I am pleased to offer you the position of Chief Marketing Officer, beginning on May 22, 2017. The terms of your
employment relationship with the Company will be as set forth below.

	Position. You will become Chief Marketing Officer (CMO). As such, you will have responsibilities as determined by the Company's Chief Executive Officer. Your duties and
responsibilities are subject to change depending on the needs of the Company.

	Compensation.

	Base Salary. You will be paid an annualized salary of $325,000 payable in accordance with the Company's standard payroll policies subject to normal required withholding.

	Salary Review.  Your base salary will be reviewed as part of the Company's normal salary review process.

	Expenses. You will be reimbursed for all reasonable and necessary business expenses incurred in the performance of your duties as provided in the Company's Employee
Handbook.

	Management Incentive Plan. Subject to approval by the Board of Directors, you will be eligible to participate in the Company's Management Incentive Plan (the "MIP"), with a
target total annual bonus equal to 60% of your annual base salary, in accordance with the terms of the MIP. Payments are made under the MIP on a quarterly and annual basis, shortly after
the completion of each fiscal quarter or fiscal year (as applicable), if minimum performance targets are met with respect to that fiscal period. You will become eligible to begin participating in
the MIP immediately as of your employment start date, and you will be entitled to a pro rata payment (based on number of days of participation) of any award amounts that subsequently
become payable in respect of the quarterly and annual periods during which you begin participating in the MIP.  For avoidance of doubt, your participation would begin on May 22, 2017.
Notwithstanding the foregoing, the Company reserves the right to modify the terms of the MIP at any time.  A copy of the MIP, as in effect on the date of this offer Letter, is attached for
reference as Exhibit C.

	Stock Awards.

	Initial Equity Grants: Subject to approval by the Board of Directors, you will receive the following awards of stock-based compensation, with vesting commencing on your start
date:

	RSUs (restricted stock units) covering 55,446 shares of Common Stock (valued at approximately $750,000), vesting at a rate of one-fourth (1/4) of the total number of shares on the 1st,
2nd, 3rd, and 4th anniversaries of your start date, subject to your continued employment or other association with the Company; and
	PSUs (performance stock units) covering 44,615 shares of Common Stock (valued at approximately $750,000), vesting as set forth on Exhibit A attached hereto.

The awards will be documented with grant agreements between you and the Company reflecting the Company's standard terms and conditions for RSU and RPSU awards (except as
modified by the provisions of this offer letter).

	Share Retention: You agree to acquire and retain an ownership interest in Company Common Stock which is equal in value to one times (1X) the amount of your
base salary in Paragraph 2(a). Shares counted for this purpose will consist of shares of Common Stock you own directly by whatever means acquired (including under the Company's
employee stock purchase plan), and shares held by you or on your behalf in a 401(k) or similar plan, but excluding shares issuable pursuant to unvested RSUs and PSUs held by you on the
relevant measurement date.  You will have five years from your start date in which to meet this stock ownership threshold.  If at any time thereafter, while you remain employed by the
Company, your aggregate share ownership as defined in this Paragraph 4(b) should fall below the threshold, you agree to retain shares as they vest and you acquire them, and not to sell any
of your shares of Company Common Stock, until your share ownership exceeds the threshold.  In the event of a termination of your employment, or a Corporate Transaction (as defined in the
Company's 2012 Amended and Restated Equity Incentive Plan), this Paragraph 4(b) shall become inapplicable.

	Severance Benefits. You will be entitled to benefits under the Company's Executive Change-in-Control and Severance Policy (the "Policy") as a Tier Two participant
(the Executive Vice President tier), in accordance with the terms thereof.  Such benefits include potential cash severance upon specified terminations of employment and potential vesting
acceleration of stock-based compensation if the termination is in connection with a Change-in-Control (as defined in the Policy), subject to the terms of the Policy.  A copy of the Policy, as in
effect on the date of this offer Letter, is attached for reference as Exhibit B.

	Benefits.  The Company will make available to you standard vacation, medical and dental insurance benefits.  The Company will also make available to you participation in any
401(k) Plan that is generally available to other employees.  Medical benefits will start on the first day of your employment, and dental benefits will start on the first day of the next calendar
month following the first day of your employment.  You will be eligible to participate in any employee stock purchase plan that is generally available to other employees (upon enrollment by
February 1st or August 1st of any year, under the plan's current terms).

	Standard Confidentiality and Inventions Assignment Agreement.  Like all Company employees, you will be required to sign the Company's standard Confidential Information
and Inventions Assignment Agreement (the "Confidentiality Agreement") relating to protection of the Company's proprietary and confidential Information, assignment of inventions
and non-solicitation of Company employees, among other things.

The Company is hiring you for your talents, skills and expertise.  We do not want you to use or disclose any proprietary or confidential information from your previous employers.  You will
not need this information to perform your duties at the Company, and using, or asking you to use, such information would violate the Company's policies.  We understand from you that
working at the Company will not violate any obligations you may owe to your previous employers or any third parties.

	At-Will Employment.  You will be an employee-at-will, meaning that either you or the Company may terminate your employment at any time, without notice, for any reason or no
reason without further obligation or liability to the other party (subject to applicable law and except as set forth in the Policy, the Confidentiality Agreement and any other agreements between
the Company and you).  You will receive the Company's Employee Handbook with all of our general employee policies and procedures on or around your first day of employment, which
Employee Handbook, as in effect from time to time, will be a part of the terms of your employment with the Company.

	No Outside Consulting.  You agree to not sit on any board of directors, or perform any outside consulting work for any other person, company or organization while employed
full-time at the Company, other than with the advance written approval of the Chief Executive Officer of the Company.

	Background Check.  This offer letter is contingent upon satisfactory results of a background check and your reference checks and may be rescinded or revoked at any time prior
to your start date in the event those checks fail to meet the reasonable requirements of the Company.  In addition, this offer letter is contingent on your demonstrating your right to work in the
United State in accordance with applicable law.

	Expiration Date.  If not accepted, this offer will expire at midnight Pacific Time on May 15, 2017.

	Start Date.  Your employment start date will be May 22, 2017, unless you and the Company agree otherwise in writing.

Congratulations on your new position!

Sincerely,

By: _______________________________

        Vikram Verma

         Chief Executive Officer

ACCEPTED:

__________________________________

   Rani Hublou

Date: _______________________________

   

EXHIBIT A

RPSUs will vest (1) as to 50% on your second anniversary of your hire date, and (2) as to the remaining 50% on your third anniversary, in each case subject to performance of the
 Company's Common Stock relative to the Russell 2000 Index during the period from grant date
 through the vesting date, with 100% of the applicable tranche vesting if the total shareholder
 return (TSR) of the Company's Common Stock equals or exceeds the TSR of the Russell 2000
 Index over the applicable measurement period. The number of RPSUs that vest will be
 increased (or decreased) by 2% for each 1% positive (or negative) difference in the TSR of the
 Company's Common Stock relative to the TSR of the Russell 2000 Index; provided, however, (1)
 in the event the TSR of the Company's Common Stock is more than 30% lower than the TSR of
 the Russell 2000 Index for the applicable measurement period, no RPSUs of the applicable
 tranche shall vest, and (2) in no event will the total number of RPS Us that vest in event of a
 positive difference in the TSR of the Company's Common Stock relative to the TSR of the
 Russell 2000 Index exceed 200% of the total number of RPSUs in the applicable tranche. 

TSR shall be determined on a percentage basis based on the value of a $100 investment
 in Company Common Stock and the Russell 2000 Index on the grant date, including deemed
 reinvestment of dividends. Fair market value of Company Common Stock and the Russell 2000
 Index on any particular date shall be the 30-day trading average price for the period prior to
 and through the date of determination. 

In addition and notwithstanding anything herein to the contrary, all vesting is subject to
 continued employment or other association with the Company through the end of the
 applicable measurement period.

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