Document:

T. Patrick Kelly Restricted Stock Agreement

 Exhibit 10.39 
 VIGNETTE CORPORATION 1999 EQUITY INCENTIVE PLAN: 
 NOTICE OF RESTRICTED STOCK AWARD 
 You
have been granted restricted shares of Common Stock of Vignette Corporation (the “Corporation”) on the following terms: 
  

			
	Name:	  	T. Patrick Kelly
	Employee Id #:	  	003178
		
	Restricted Stock Award Details:	  	
		
	Date of Grant:	  	August 1, 2006
		
	Vesting Commencement:	  	August 1, 2006
		
	Amount of Restricted Stock Award:	  	25,000 shares
		
	Vesting Schedule:	  	Provided that you have continuous Service with the Company or a subsidiary of the Company from the Grant Date, shares of the Common Stock awarded under this Restricted Stock Award shall vest
according to a three (3) year schedule: 5,000 shares shall vest on August 1, 2007; an additional 5,000 shares shall vest on August 1, 2008; and the remaining 15,000 shares shall vest on August 1, 2009.

 By your signature and the signature of the Corporation’s representative below, you and the Corporation agree
that your right to receive the shares are granted under and governed by the terms and conditions of the 1999 Equity Incentive Plan (the “Plan”) and of the Restricted Stock Agreement. The Restricted Stock Agreement is attached to and made a
part of this document. 
 You further agree that the Corporation may deliver by email all documents relating to the Plan or this award (including, without
limitation, prospectuses required by the Securities and Exchange Commission) and all other documents that the Corporation is required to deliver to its security holders (including, without limitation, annual reports and proxy statements). You also
agree that the Corporation may deliver these documents by posting them on a web site maintained by the Corporation or by a third party under contract with the Corporation. If the Corporation posts these documents on a web site, it will notify you by
email. 
 By your signature below, you agree to remit any withholding taxes due immediately upon the vesting date. In no event shall you surrender shares of
Common Stock as payment of any tax liability if such action would cause the Corporation to recognize a compensation expense (or additional compensation expense) with respect to this restricted stock award for financial reporting purposes.

  

									
	RECIPIENT:	 		 	VIGNETTE CORPORATION
				
	/s/ T. Patrick Kelly	 		 	By:	 	 /s/ Bryce Johnson

				
	/s/ T. Patrick Kelly	 		 	Title:	 	 Senior Vice President and General Counsel

	Print Name	 		 		 	

 VIGNETTE CORPORATION 1999 EQUITY INCENTIVE
PLAN: 
 RESTRICTED STOCK AGREEMENT 
  

			
	Payment for Shares	  	No payment is required for the shares you receive.
		
	Vesting	  	The shares that you are receiving will vest in installments, as shown in the Notice of Restricted Stock Award.
		
		  	No additional shares vest after your service as an employee, consultant or director of the Corporation or a subsidiary of the Corporation (“Service”) has terminated for any reason. It
is intended that vesting in the shares is commensurate with a full-time work schedule. For possible adjustments that may be made by the Corporation, see the Section below entitled “Leaves of Absence and Part-Time Work.”
		
	Shares Restricted	  	Unvested shares will be considered “Restricted Shares.” You may not sell, transfer, pledge or otherwise dispose of any Restricted Shares without the written consent of the Company,
except as provided in this paragraph. You may transfer Restricted Shares to your spouse, children or grandchildren or to a trust established by you for the benefit of yourself or your spouse, children or grandchildren. However, a transferee of
Restricted Shares must agree in writing on a form prescribed by the Company to be bound by all provisions of this Agreement.
		
	Forfeiture	  	If your Service terminates for any reason, then your shares will be forfeited to the extent that they have not vested before the termination date and do not vest as a result of the termination.
This means that the Restricted Shares will immediately revert to the Company. You receive no payment for Restricted Shares that are forfeited.
		
		  	The Company determines when your Service terminates for this purpose. Any shares that are forfeited may be returned to Treasury or cancelled at the Corporation’s
discretion.
		
	Leaves of Absence and Part-Time Work	  	 For purposes of this award, your Service does not terminate when you go on a military leave, a sick leave or another bona fide leave of absence, if
the leave was approved by the Corporation in writing. Your Service terminates when the approved leave ends, unless you immediately return to active work.
  
 If you go on a leave of absence that lasts or is expected to last seven days or longer, then vesting will be suspended during the leave to the extent provided for in the
Corporation’s leave policy. Upon your

			
		  	 return to active work, vesting will resume; however, unless otherwise provided in the Corporation’s leave policy, you will not receive credit
for any vesting during the period of your leave.
  
 If you and the Corporation agree to a
reduction in your scheduled work hours, then the Corporation reserves the right to modify the rate at which the shares vest, so that the rate of vesting is commensurate with your reduced work schedule. Any such adjustment shall be consistent with
the Corporation’s policies for part-time or reduced work schedules or shall be pursuant to the terms of an agreement between you and the Corporation pertaining to your reduced work schedule.
 The Corporation shall not be required to adjust any vesting schedule pursuant to this subsection.

		
	Stock Certificates	  	The certificates for Restricted Shares shall be held in escrow by the Company or its agent. In addition to or in lieu of holding certificates in escrow, the Company may have stamped on them a
special legend referring to the Company’s right of repurchase. As your vested percentage increases, you may request (at reasonable intervals) that the Company release to you a certificate for your vested shares without a repurchase right
legend.
		
	Voting Rights	  	You may vote your shares even before they vest.
		
	Withholding Taxes	  	No stock certificates will be released to you unless you have made acceptable arrangements to pay any withholding taxes that may be due as a result of this award or the vesting of the shares.
With the Company’s consent, these arrangements may include (a) withholding shares of Company stock that otherwise would be issued to you when they vest or (b) surrendering shares that you previously acquired. The fair market value of
the shares you surrender, determined as of the date when taxes otherwise would have been withheld in cash, will be applied as a credit against the withholding taxes.
		
	Restrictions on Resale	  	You agree not to sell any shares at a time when applicable laws, regulations, Corporation trading policies (including the Corporation’s Insider Trading Policy, a copy of which can be found
on the Corporation’s intranet) or an agreement between the Corporation and its underwriters prohibit a sale. This restriction will apply as long as your Service continues and for such period of time after the termination of your Service as the
Corporation may specify.

  

 2 

			
	No Retention Rights	  	Your award or this Agreement does not give you the right to be employed or retained by the Corporation or a subsidiary of the Corporation in any capacity. The Corporation and its subsidiaries
reserve the right to terminate your Service at any time, with or without cause.
		
	Adjustments	  	In the event of a stock split, a stock dividend or a similar change in Corporation stock, the number of Restricted Shares that will vest in any future installments will be adjusted
accordingly.
		
	Applicable Law	  	This Agreement will be interpreted and enforced with respect to issues of contract law under the laws of the State of Texas and with respect to issues of corporation law under the laws of the
State of Delaware.
		
	The Plan and Other Agreements	  	 The text of the Plan is incorporated in this Agreement by reference. A copy of the Plan is available on the Corporation’s intranet or by
request to the Finance Department.
  
 This Agreement and the Plan constitute the entire
understanding between you and the Corporation regarding this award. Any prior agreements, commitments or negotiations concerning this award are superseded. This Agreement may be amended only by another written agreement between the
parties.

 BY SIGNING THE COVER
SHEET OF THIS AGREEMENT, YOU AGREE TO ALL OF THE 
 TERMS AND CONDITIONS DESCRIBED ABOVE AND IN
THE PLAN. 
  

 3Zions Bancorporation 2006-2008 Value Sharing Plan

 EXHIBIT 10.1 
  
 Zions Bancorporation 
 2006 –
2008 Value Sharing Plan 
  
 Objective: The purpose of the 2006 –
2008 Zions Bancorporation Value Sharing Plan (the “Plan”) is to provide a three-year incentive plan for selected members of the senior management group and other key managers of Zions Bancorporation (the “Company”) and its
subsidiaries. It is designed to create long-term shareholder value by focusing the Participant’s attention on improving the Company’s financial results over a three-year period. 
  
 Eligibility: Selected key members of the senior management group and other key managers in the Company its subsidiaries as determined
by the Zions Bancorporation (the “Company”) Board of Directors (the “Board”) or its Executive Compensation Committee (the “Committee”). 
  
 Effective Date: January 1, 2006, through December 31, 2008 (the “Award Period”). 
  
 Frequency of Awards: Subject to the deferral provisions enumerated in the Plan, the
incentives, if any, earned under this Plan will be paid within ninety days after the end of the Award Period. 
  
 Plan Administrator: The Plan is to be governed and interpreted by the Committee. 
  
 How the Plan Works: 
  

	1)	Establishment of Award Fund 

  
 An Award Fund will be established, the size of which will be based upon two factors: a.) “Plan Marginal Qualifying Earnings” during the Award
Period, and b.) “Plan Marginal Return on Equity”, both of which are more fully outlined in the Appendix, and in “Calculation Methodology,” below. 
  

	2)	Participation Units 

  
 Each Participant designated by the Committee shall be awarded a specific number of Participation Units (“Units”), representing a pro-rata claim,
in proportion to the total number of designated Units, on any Award Fund generated under this Plan during the Award Period. 
  

	3)	Calculation Methodology 

  

	 	a)	In order for any Award Fund to be established under this Plan, a minimum level of Plan Qualifying Earnings and Plan Marginal ROE must be achieved during the Award Period, as
indicated in the Appendix. 

  

	 	b)	Plan Qualifying Earnings is defined as the total of the following items during the Award Period, divided by average fully diluted shares during the Award Period:

  
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 2006 – 2008 Value Sharing Plan 
  Page
 2
 
  

	 	i)	cumulative net income after taxes and minority interests; 

  

	 	ii)	plus, the after-tax expense incurred during the Award Period resulting from grants of restricted shares and stock options; 

  

	 	iii)	plus, an adjustment equal to (1– the Company’s then-prevailing marginal combined state and federal income tax rate) times the sum of: 

  

	 	1.	the amount by which the Company’s Allowance for Loan and Lease Losses and Reserve for Unfunded Commitments (together, the “Loss Reserve”) “midpoint of
range” value exceeds the actual value at the inception of the Award Period, and; 

  

	 	2.	the amount by which the Loss Reserve actual value exceeds the “midpoint of range” value at the end of the Award Period. 

  
 Note: in the event of a change in methodology in determining Loss
Reserves during the Award Period, the Committee reserves the right, in its sole discretion, to make such adjustments as may be deemed necessary and equitable to conform the Plan to the new methodology. 
  

	 	iv)	plus: 

  

	 	1.	(the Company’s average tangible assets over the course of the Award Period x .065) – (the Company’s average tangible common shareholders’ equity over the course
of the Award Period) times: 

  

	 	2.	(1 – the Company’s then-prevailing marginal combined state and federal income tax rate) times: 

  

	 	3.	the average of the five-year U.S. Treasury Note rate at each quarter end during the Award Period. 

  

	 	c)	“Base Qualifying Earnings” is defined as the total of the following items during the “Base Period” (e.g. January 1, 2005 –December 31,
2005), divided by average fully diluted shares during the Base Period: 

  

	 	i)	net income after taxes and minority interests; 

  

	 	ii)	plus, an adjustment to reflect the effect of the acquisition of Amegy Bancorporation, as though the transaction had been consummated at the beginning of 2005, using the $75.8
million in 2005 net income (as projected in the Lehman Bros. presentation to the Company’s board of directors on July 5, 2005) plus 1/3 of the projected after-tax cost of net additional amortization of core deposit and other intangibles
arising from the transaction; 

  

	 	iii)	plus, the after-tax expense incurred during the Base Period resulting from grants of restricted shares; 

 2006 – 2008 Value Sharing Plan 
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	 	iv)	plus: 

  

	 	1.	(the Company’s average tangible assets during the Base Period x .065) – (the Company’s average tangible common shareholders’ equity during the Base Period)
times: 

  

	 	2.	(1– the Company’s then-prevailing marginal combined state and federal income tax rate) times: 

  

	 	3.	the average of the five-year U.S. Treasury Note rate at each quarter end during the Base Period. 

  

	 	d)	“Plan Marginal Qualifying Earnings” is defined as: 

  

	 	(a)	Plan Qualifying Earnings 

  
 Less, 
  

	 	(b)	three times Base Qualifying Earnings. 

  

	 	e)	Plan Marginal ROE is defined as: 

  
  

	 	i)	Plan Marginal Qualifying Earnings; 

  
   Divided by, 
  

	 	ii)	(the Company’s average tangible assets over the course of the Award Period x .065)—(the Company’s average tangible assets during the Base Period x .065).

  

	 	f)	Other Adjustments 

  

	 	i)	In the event the Company engages in one or more acquisitions during the Award Period, the Committee may make such adjustments to Plan or Base Qualifying Earnings and/or Plan
Marginal ROE as are required to neutralize, to the extent possible, the effects of any such acquisition on the Award Fund. Such adjustments shall be made at the Committee’s sole discretion, but shall generally be based upon the pro-forma
financial projections presented to the Board in justification of the acquisition. 

  

	 	ii)	Any Award Fund established under this Plan must be fully accrued and reflected in Plan Qualifying Earnings. 

  

	 	iii)	Unusual or “one-time” gains or losses may be subtracted from or added to Plan Qualifying Earnings at the sole discretion of the Committee. 

  

	4)	Other Administrative Provisions 

  

	 	(1)	This is a discretionary Plan governed and interpreted by the Committee, whose decisions shall be final. The intent of the Plan is to fairly reward Participants for increasing
shareholder value. If any adjustments need to be made to allow this Plan to accomplish its purpose, the Committee in its sole discretion can make those adjustments. 

 2006 – 2008 Value Sharing Plan 
  Page
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	 	(2)	The Board may, at its sole discretion, alter the terms of the Plan at any time during an Award Period. 

  

	 	(3)	Participants will not vest in any benefits available under the Plan until the conclusion of the Award Period. 

  

	 	(4)	Participants must be employed by the Company or one of its subsidiaries at the time payment is made. Nevertheless, upon death, permanent disability, or normal or early retirement
(unless upon early retirement the Participant becomes employed by an entity which competes with Zions Bancorporation or any of its subsidiaries), Participant (or his/her estate) shall be eligible to receive a pro-rata incentive payment at the
conclusion of the Award Period. This award will be based upon the Participant’s calculated award as approved by the Board or Committee for the performance achieved for the number of full calendar quarters the Participant was engaged as an
officer of the Company or its subsidiaries prior to death, disability or retirement. For purposes of this Plan, a Participant will generally not be considered eligible for early retirement before age 55, or for normal retirement before age 65,
unless otherwise approved by the Committee. 

  

	 	(5)	Each Participant will be required to defer for one year any incentive payment amount in excess of 100% of his/her base salary as in effect at December 31, 2008 or at such
earlier date as of the Participant’s termination of employment with the Company (except that, in the event the deferred amount is less than $10,000, the entire amount shall be immediately payable within ninety days of the end of the Award
Period). Payment of the deferred amount will be paid by March 15, 2010, if conditions established in paragraph D) 4 above are met. 

  

	 	(6)	The Company shall retain the right to withhold payment of incentives to Participants in the event of a significant deterioration in the Company’s financial condition, or if so
required by regulatory authorities, or for any other reason considered valid by the Board in its sole discretion. 

  

	 	(7)	Designation as a Participant in the Plan does not create a contract of employment for any specified time, nor shall such act to alter or amend the Company’s “at-will”
policy of employment. 

  

	 	(8)	In the event a Participant transfers within Zions Bancorporation during the Award Period, he/she may be eligible to receive a pro-rata award from each participating Zions entity
based on the number of months in each entity and each entity’s financial performance. 

  

	 	(9)	In the event of a change in control of the Company (as defined in the Company’s Change in Control Plan), the Plan will be terminated and payments shall be made in accordance
with the provisions of section 3 (b) of the Change in Control Plan. 

  

	 	(10)	 This document is intended to provide a guideline for the creation and distribution of incentive compensation. Nothing herein creates a 

 2006 – 2008 Value Sharing Plan 
  Page
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contractual obligation binding on the Board, and no Participant shall have any legal rights with respect to an Award until such Award is distributed.

  
 APPENDIX 
  

	 	•	 	The minimum Plan Qualifying Earnings of Zions Bancorporation which must be achieved for payment of awards is $17.11 per share, which represents 5% annual compounded growth in Base
Qualifying Earnings over the course of the Award Period. (Base Qualifying Earnings is $5.28.) 

  

	 	•	 	The Award Fund is calculated by multiplying Plan Marginal Qualifying Earnings by 3.289%. 

  
 The minimum Plan Marginal ROE of Zions Bancorporation that must be achieved for payment of awards is 11.00%. 
  

	 	•	 	The Award Fund shall be increased by a multiplier, based upon the achievement of Plan Marginal ROE as follows: 

  
  

			
	If the Plan Marginal ROE is:	 	Then the multiplier is:
		
	 11.00% or less
	 	-0-
		
	 14.00%
	 	1.00
		
	 17.00%
	 	1.50
		
	 20.00%
	 	2.00
		
	 21.50% or greater
	 	2.25
	
	The multiplier will be interpolated for Plan Marginal ROE levels falling between these benchmarks.

  
  
  
  
  

	 	•	 	The maximum Award Fund that may be created under this Plan is $54,973,750, which equates to $4.25 per unit. 

  
 The value of each Unit shall be equal to the total amount in the Award Fund,
divided by 12,935,000. 

 2006 – 2008 Value Sharing Plan 
  Page
 6
 
  
 Example: 
  
 If a Participant in the Zions Bancorporation 2006
– 2008 Value Sharing Plan is awarded 150,000 units; the total Plan Qualifying Earnings amount to $20.33 per share; the Plan Marginal ROE is 17.5%; and the average fully diluted outstanding shares total 108,300,000, the amount of the incentive
award would be: 
  
 Unadjusted Award Fund:

  
 $ 20.33 
 - 15.84 
  
 $ 4.49 
 X 3.289% 
  
 $.1477 
 X 108,300,000 
  
 $15,993,322 
  
 Multiplier: 
  
 1.5 + (.175 -.17) X (2.0 – 1.5) = 1.5833 
 (.20 - .17) 
  
 Total Award Fund:

  
 $15,993,322 X 1.5833 = $25,322,227 
  
 Individual Unit Value: 
  
 $25,322,227 /12,935,000 = $1.9577 
  
 Total Value of Units: 
  
 150,000 X $1.9577 = $293,655.00

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