Document:

Letter Agreement between Registrant and Mark Peek

 Exhibit 10.7 
  
 March 16, 2007 
  
 Mark Peek 
 951 17th Ave. East 
 Seattle, WA 98112 
 Dear Mark, 
 We are pleased to offer you a
position with VMware, Inc. (the “Company”), a wholly owned subsidiary of EMC Corporation (“EMC”), as Chief Financial Officer, commencing at the earliest possible date. You will report to Diane Greene, President of VMware.

 You will receive an annualized salary of $400,000.00 which will be paid semi-monthly in accordance with the Company’s normal payroll procedures. You
will also receive a special sign-on bonus of $67,000.00, net of taxes, payable within thirty (30) days following your date of hire. 
 You will be
eligible to participate in the VMware Company Bonus Program as it may be amended from time to time. For 2007, you will have an annualized bonus target of $225,000.00. Payments will be made semi-annually on a prorated basis from your date of hire
through the end of the bonus period. Terms and conditions of the bonus will be in accordance with the Bonus Program. 
 You will be eligible to participate
in the Company’s benefit plans and programs available to our full-time regular employees. 
 A recommendation will be made to the Compensation Committee
of EMC’s Board of Directors that you be granted a number of EMC restricted shares calculated to preserve the intrinsic value of the unvested outstanding equity (which you hold as of the date of this letter) that you forego upon resignation from
your current employer. The number of restricted shares will be calculated based upon the closing share prices of EMC and your current employer on the date immediately preceding the date on which this award is approved by the Compensation Committee.
The terms and conditions of the grant will be determined by the Compensation Committee on the day the grant is approved. 
 As incentive to share in the
value created for VMware investors in the announced IPO, we will recommend to the VMware Board of Directors that you be granted an option to acquire 250,000 shares of VMware stock to be granted on the date of the IPO with an option exercise price
equal to the IPO price per share. The terms and conditions of the options will be in accordance with the VMware, Inc. stock plan and stock option agreement. 
 Per our discussions, the Company will assist in the relocation of you and your family to the Bay Area consistent with the Company’s normal practice. To assist you in your transition to the Bay area, you will receive supplemental
compensation in the gross amount of $7,000.01) per month for your first twenty-four (24) months of employment with the Company. 
 Your employment with
the Company is “at will” meaning that either you or the Company is free to terminate the employment relationship at any time and for any reason, with or without notice. 
  

 Mark Peek 
 March 16,
2007 
 Page Two 
  
  
 As a condition of employment, you will be required to sign and comply with VMware’s
Employment, Confidential Information, and Invention Assignment Agreement, which requires, among other provisions, the assignment of patent rights to any invention made during your employment at VMware and non-disclosure of proprietary information.
As a VMware employee, you will be expected to abide by company rules and policies. 
 In compliance with federal immigration law, on your date of hire you
will be required to verify your legal right to work in the United States. 
 To indicate your acceptance of the Company’s offer, please sign and date
this letter in the space provided below and return it to Betsy Sutter. A duplicate original is enclosed for your records. This letter may not be modified or amended except by a written agreement, signed by an officer of the Company and by you. This
offer expires three (3) days from the date of this letter. 
 I am excited about you joining VMware and look forward to
working with you. 
  
 Sincerely, 
  
  
 Diane Greene 
 President 
 diane@vmware.com 
 ACCEPTED AND AGREED TO this 19th day of March, 2007. 
  

			
	 /s/ Mark S. Peek
	 	 Start Date:

	 (Employee Signature)
	 	

 Enclosures: 
 Duplicate Original LetterForm of Indemnification Agreement

 Exhibit 10.8 
 FORM OF 
 INDEMNIFICATION AGREEMENT 
 AGREEMENT effective as of [DATE] (the “Effective Date”), between VMware, Inc., a Delaware corporation (the “Company”), and [NAME]
(the “Indemnitee”). 
 WHEREAS, it is essential to the Company to retain and attract as directors and officers the most capable
persons available; and 
 WHEREAS, the Indemnitee is a director or officer of the Company; and 
 WHEREAS, basic protection against undue risk of personal liability of directors and officers heretofore has been proved through insurance coverage
providing reasonable protection at reasonable cost, and the Indemnitee has relied on the availability of such coverage, but as a result of substantial changes in the marketplace for such insurance it has become increasingly more difficult to obtain
such insurance on terms providing reasonable protection at reasonable cost; and 
 WHEREAS, the current Bylaws and Amended and Restated
Certificate of Incorporation of the Company (collectively, the “Charter Documents”) require the Company to indemnify and advance expenses to its directors and officers to the fullest extent permitted by law and the Indemnitee has been
serving and continues to serve as a director and/or officer of the Company in part in reliance on such Charter Documents; and 
 WHEREAS, the
current difficulty in obtaining adequate director and officer liability insurance coverage at a reasonable cost and uncertainties as to the availability of indemnification created by recent court decisions have increased the risk that the Company
will be unable to retain and attract as directors and officers the most capable persons available; and 
 WHEREAS, the Board of Directors of
the Company has determined that the inability of the Company to retain and attract as directors and officers the most capable persons would be detrimental to the interests of the Company and that the Company therefore should seek to assure such
persons that indemnification and insurance coverage will be available in the future; and 
 WHEREAS, in recognition of the Indemnitee’s
need for substantial protection against personal liability in order to enhance the Indemnitee’s continued service to the Company in an effective manner, the increasing difficulty in obtaining satisfactory director and officer liability
insurance coverage, and the Indemnitee’s reliance on the Company’s Charter Documents, and in part to provide the Indemnitee with specific contractual assurance that the protection promised by such Charter Documents will be available to the
Indemnitee (regardless of, among other things, any amendment to or revocation of such Charter Documents or any change in the composition of the Company’s Board of Directors or acquisition transaction relating to the Company), the Company wishes
to provide in this Agreement for indemnification of and the 

 
advancing of expenses to the Indemnitee to the fullest extent (whether partial or complete) permitted by law and as set forth in this Agreement, and, to the
extent insurance is maintained, for the continued coverage of the Indemnitee under the Company’s directors’ and officers’ liability insurance policies; 
 NOW, THEREFORE, in consideration of the premises and of the Indemnitee continuing to serve the Company directly or, at its request, another enterprise, and intending to be legally bound hereby, the parties hereto
agree as follows: 
 1. Basic Indemnification Arrangement. 
 (a) In accordance with the provisions of the DGCL, the Company shall, to the extent legally permissible, indemnify the Indemnitee against any and all
expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the Indemnitee in with the defense or settlement of any threatened, pending or completed action, suit or proceeding,
whether civil, criminal, administrative or investigative (other than an action by or in the right of the Company), in which the Indemnitee may be involved or with which the Indemnitee was, is or is threatened to be made, while in office or
thereafter, a defendant or respondent by reason of the Indemnitee being or having been an officer or director of the Company. 
 (b) If so
requested by the Indemnitee, the Company shall advance (within five business days of such request) any and all expenses, including attorneys’ fees or other costs, paid or incurred by the Indemnitee in connection with the defense or settlement
of any such action, suit or other proceeding (“Expenses”), to the Indemnitee (an “Expense Advance”). The Company shall, in accordance with such request (but without duplication), either (i) pay such Expenses on behalf of the
Indemnitee, or (ii) reimburse the Indemnitee for such Expenses. The Indemnitee’s right to an Expense Advance is absolute and shall not be subject to any prior determination by the Company, the Company’s Board of Directors, or any
other appropriate person or body (including legal counsel) (each, a “Reviewing Party”), that the Indemnitee has satisfied any applicable standard of conduct for indemnification. 
 (c) Notwithstanding anything in this Agreement to the contrary, the Indemnitee shall not be entitled to indemnification or advancement of Expenses
pursuant to this Agreement in connection with any threatened, pending or completed action, suit or proceeding initiated by the Indemnitee unless (i) the Company has joined in or Company’s Board of Directors has authorized or consented to
the initiation of such threatened, pending or completed action, suit or proceeding or (ii) the threatened, pending or completed action, suit or proceeding is one to enforce the Indemnitee’s rights under this Agreement. 
 (d) Notwithstanding the foregoing, (i) the indemnification obligations of the Company under Section 1(a) shall be subject to the condition that
the Reviewing Party shall not have determined that the Indemnitee would not be permitted to be indemnified under applicable law, and (ii) the obligation of the Company to make an Expense Advance pursuant to Section 1(b) 

  

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shall be subject to the condition that, if, when and to the extent that the Reviewing Party determines that the Indemnitee would not be permitted to be so
indemnified under applicable law, the Company shall be entitled to be reimbursed by the Indemnitee (who hereby agrees to reimburse the Company) for all such amounts theretofore paid (it being understood and agreed that the foregoing agreement by the
Indemnitee shall be deemed to satisfy any requirement that the Indemnitee provide the Company with an undertaking to repay any Expense Advance if it is ultimately determined that the Indemnitee is not entitled to indemnification under applicable
law); provided, however, that if the Indemnitee has commenced or thereafter commences legal proceedings in a court of competent jurisdiction to secure a determination that the Indemnitee should be indemnified under applicable law, any
determination made by the Reviewing Party that the Indemnitee would not be permitted to be indemnified under applicable law shall not be binding and the Indemnitee shall not be required to reimburse the Company for any Expense Advance until a final
judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or lapsed). The Indemnitee’s undertaking to repay such Expense Advances shall be unsecured and interest-free. If there has been
no determination by the Reviewing Party within thirty days after written demand is presented to the Company or if the Reviewing Party determines that the Indemnitee would not be permitted to be indemnified in whole or in part under applicable law,
the Indemnitee shall have the right to commence litigation in any court in the States of California or Delaware having subject matter jurisdiction thereof and in which venue is proper seeking an initial determination by the court or challenging any
such determination by the Reviewing Party or any aspect thereof, including the legal or factual bases therefor, and the Company hereby consents to service of process and to appear in any such proceeding. Any determination by the Reviewing Party
otherwise shall be conclusive and binding on the Company and the Indemnitee. 
 2. Other Expenses. The Company shall be liable to and
shall pay the Indemnitee for any and all expenses (including attorneys’ fees) which are incurred by the Indemnitee in connection with any action brought by the Indemnitee for (i) indemnification or advance payment of Expenses by the
Company under this Agreement or any other agreement or Charter Documents now or hereafter in effect relating to indemnification and/or (ii) recovery under any directors’ and officers’ liability insurance policies maintained by the
Company, regardless of whether the Indemnitee ultimately is determined to be entitled to such indemnification, advance expense payment or insurance recovery, as the case may be. If requested by the Indemnitee, the Company shall promptly advance (but
in no event more than five business days after receiving such request) any such expenses to the Indemnitee. 
 3. Partial Indemnity,
Etc. If the Indemnitee is entitled under any provision of this Agreement to indemnification or payment by the Company for some or a portion of the Expenses, judgments, fines, penalties and amounts paid in settlement of any threatened, pending or
completed action, suit or proceeding but not, however, for all of the total amount thereof, the Company shall nevertheless indemnify or pay the Indemnitee for the portion thereof to which the Indemnitee is entitled. 
  

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 4. Burden of Proof. In connection with any determination by the Reviewing Party or otherwise as to
whether the Indemnitee is entitled to be indemnified hereunder the Reviewing Party or court shall presume that the Indemnitee has satisfied the applicable standard of conduct and is entitled to indemnification, and the burden of proof shall be on
the Company to establish, by clear and convincing evidence, that Indemnitee is not so entitled. 
 5. No Other Presumptions. For
purposes of this Agreement, the termination of any claim, action, suit or proceeding, by judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a
presumption that the Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by applicable law. In addition, neither the failure of the Reviewing
Party to have made a determination as to whether the Indemnitee has met any particular standard of conduct or had any particular belief, nor an actual determination by the Reviewing Party that the Indemnitee has not met such standard of conduct or
did not have such belief, prior to the commencement of legal proceedings by the Indemnitee to secure a judicial determination that the Indemnitee should be indemnified under applicable law shall be a defense to the Indemnitee’s claim or create
a presumption that the Indemnitee has not met any particular standard of conduct or did not have any particular belief. 
 6.
Nonexclusivity, Etc. The rights of the Indemnitee hereunder shall be in addition to any other rights the Indemnitee may have under the Company’s Charter Documents or the General Corporation Law of the State of Delaware or otherwise. To
the extent that a change in applicable law (whether by statute or judicial decision) permits greater indemnification by agreement than would be afforded currently under the Company’s Charter Documents or this Agreement, it is the intent of the
parties hereto that the Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. 
 7. Liability
Insurance. To the extent the Company maintains an insurance policy or policies providing directors’ and officers’ liability insurance, the Indemnitee shall be covered by such policy or policies, in accordance with its or their terms,
to the maximum extent of the coverage available for any Company director or officer. 
 8. Amendments, Etc. No supplement,
modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof
(whether or not similar) nor shall such waiver constitute a continuing waiver. 
 9. Subrogation. In the event of payment under this
Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the
execution of such documents necessary to enable the Company effectively to bring suit to enforce such rights. 
  

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 10. No Duplication of Payments. The Company shall not be liable under this Agreement to make any
payment in connection with any claim made against the Indemnitee in connection with any threatened, pending or completed action, suit or proceeding to the extent the Indemnitee has otherwise actually received payment (under any insurance policy,
provision of a Charter Document or otherwise) of the amounts otherwise indemnifiable hereunder. 
 11. Notice. All notices, requests,
consents or other communications under this Agreement shall be delivered by hand or sent by registered or certified mail, return receipt requested, or by overnight prepaid courier, or by facsimile (receipt confirmed) to: 
  

			
	 if to the Company:
	  	 VMware, Inc.
 3145 Porter Drive

Palo Alto, CA 94304
 Attention: Office of the General Counsel
 Facsimile: 650-475-5005

		
	 if to the Indemnitee:
	  	 [NAME
 ADDRESS]

 All such notices, requests, consents and other communications shall be deemed to have been duly delivered and
received three (3) days following the date on which mailed, or one (1) day following the date mailed if sent by overnight courier, or on the date on which delivery by hand or by facsimile transmission. 
 12. Binding Effect, Etc. This Agreement shall be effective as of the Effective Date and shall be binding upon and inure to the benefit of and be
enforceable by the parties hereto and their respective successors, assigns, including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Company, spouses,
heirs, executors and personal and legal representatives. This Agreement shall continue in effect regardless of whether the Indemnitee continues to serve as an officer or director of the Company or of any other enterprise at the Company’s
request. 
 13. Severability. The provisions of this Agreement shall be severable in the event that any of the provisions hereof
(including any provision within a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable in any respect, and the validity and enforceability of any such provision in every
other respect and of the remaining provisions hereof shall not be in any way impaired and shall remain enforceable to the fullest extent permitted by law. 
 14. Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware applicable to contracts made and to be performed in such state without
giving effect to the principles of conflicts of laws. 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above
written. 
  

			
	VMWARE, INC.
		
	By:	 	  
		 	 Name:
 Title:

	
	  
	[NAME]

  

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