Document:

EX-10.1

 Exhibit 10.1 
 EMPLOYMENT TERMINATION BENEFITS AGREEMENT 
 This Employment Termination
Benefits Agreement, dated effective as of                     , 20            , is
entered into by and between Zix Corporation, a Texas corporation (“Company”), and the undersigned individual (“Employee”). 
 Employee is an “at will” employee of an Affiliate of Company and is based in
                    . 

Company wishes to specify terms under which Employee would leave employment in the circumstances described in this agreement. 

The parties agree as follows: 
 Capitalized terms not otherwise defined in this agreement have the meanings ascribed to them in section 5. 
 1. Separation Payment. If the Company or its Affiliate terminates Employee’s employment other than for Cause, then the Company shall pay to Employee the Separation Payment pursuant to and in
accordance with subsection 1.B. If Employee resigns from employment (subject to the notice and cure provisions set forth below) with the Company and its Affiliates within 24 months after a Change in Control and the resignation was for a Change
In Control Good Reason, then the resignation will be deemed to be a termination of Employee’s employment other than for Cause and the Company shall pay to Employee the Separation Payment pursuant to and in accordance with subsection 1.B.
[Mr. Spurr’s agreement does not require a Change in Control before his resignation for good reason.] Neither Employee’s death nor Employee’s resignation (other than for a Change in Control Good Reason) or termination for Cause or on
account of disability will give rise to any Separation Payment. The Company’s obligation to make the Separation Payment will not be mitigated or offset by virtue of Employee obtaining new employment or failing to seek new employment. The
Separation Payment encompasses and includes any applicable employment standards entitlements. 
 A. Notice Required for
Change in Control Good Reason. Notwithstanding anything to the contrary in the preceding paragraph, Employee will not be deemed to have resigned employment for a Change In Control Good Reason unless and until: (i) Employee provided to the
Company notice of the existence of the Change In Control Good Reason condition within 90 days of its initial existence; (ii) the Company failed to remedy the Change In Control Good Reason condition within 30 days after the Company received the
notice; and (iii) Employee resigned employment within 180 days after the initial existence of the Change In Control Good Reason condition. 
 B. Time of Payment. The Company shall pay the Separation Payment to Employee in equal monthly payments over the number of months of base salary used to calculate the Separation Payment, beginning
as soon as practicable after termination of Employee’s employment but no later than 60 days after such termination. 

  
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 C. Liability Release as Condition to Payment. Notwithstanding anything to the
contrary in this agreement, the Company’s obligation to pay the Separation Payment is subject to and conditioned upon the Company’s receiving from the Employee, within 60 days after Employee’s termination other than for Cause or
resignation for a Change in Control Good Reason, a duly executed separation agreement containing a release of claims in a form reasonably satisfactory to the Company. If Employee fails to execute and deliver such a separation agreement to the
Company within that 60-day time period, or Employee revokes such release pursuant to the terms of the separation agreement, then Employee is deemed to forfeit any entitlement to receive the Separation Payment and shall promptly return any portion of
the Separation Payment which he or she received before such failure to execute and deliver or revocation. The Company will provide the separation agreement to Employee promptly after Employee’s termination other than for Cause or resignation
for a Change in Control Good Reason. 
 D. Withholding. Employee is responsible for all withholdings for taxes and other
withholdings required by applicable law as to any amounts owed by Employee to Company, and Employee shall pay the same to the Company promptly upon demand if not otherwise withheld. 
 2. Accelerated Vesting of Stock-Based Compensation. Notwithstanding anything to the contrary in any award agreement between Employee and Company: 

A. Change in Control. 
 (1) Stock Awards not Assumed or Substituted by Surviving Entity. Upon the occurrence of a Change in Control, and except with respect to any awards described in subsection 2.A(2) below:
(i) any outstanding stock options or stock appreciation rights (“SARs”) held by Employee will immediately become fully exercisable; (ii) any time-based restrictions on other outstanding stock awards (such as restricted stock and
restricted stock units) held by Employee will lapse and such awards will become fully vested; and (iii) the payout level under any outstanding performance-based stock awards held by Employee will be determined and deemed to have been earned as
of the effective date of the Change in Control based upon (A) an assumed achievement of all relevant performance goals at the “target” level if the Change in Control occurs during the first half of the applicable performance period,
or (B) the greater of (1) the assumed achievement of all relevant performance goals at the “target” level and (2) the actual level of achievement of all relevant performance goals against target (measured as of the date of
the Change in Control), if the Change in Control occurs during the second half of the applicable performance period, and, in either such case, Employee will receive a prorata payout within sixty (60) days following the Change in Control (unless
a later date is required by subsection 6.O hereof), based upon the length of time within the performance period that has elapsed prior to the Change in Control. Any options or SARs will thereafter continue or lapse in accordance with the other
provisions of the applicable plan and the applicable award agreement. To the extent that this provision causes incentive stock options to exceed the dollar limitation set forth in section 422(d) of the Code, the excess stock options will be
deemed to be nonstatutory stock options. In addition, the Company has the right to settle stock awards in accordance with subsection 2.C below. 
 (2) Stock Awards Assumed or Substituted by Surviving Entity. With respect to stock awards that are assumed by the Surviving Entity or are otherwise equitably

  
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converted or substituted in connection with a Change in Control in a manner approved by the Board, if, within two years after the effective date of the Change in Control, either (a) the
Company or its Affiliate or the Surviving Entity terminates Employee’s employment other than for Cause or (b) Employee resigns for a Change in Control Good Reason: then (i) any outstanding stock options or SARs held by Employee will
immediately become fully exercisable; (ii) any time-based restrictions on other outstanding stock awards (such as restricted stock and restricted stock units) held by Employee will lapse and such awards will become fully vested, and
(iii) the payout level under any performance-based stock awards held by Employee that were outstanding immediately prior to effective time of the Change in Control will be determined and deemed to have been earned as of the date of termination
based upon (A) an assumed achievement of all relevant performance goals at the “target” level if the date of termination occurs during the first half of the applicable performance period, or (B) the greater of (1) the
assumed achievement of all relevant performance goals at the “target” level, and (2) the actual level of achievement of all relevant performance goals against “target” (measured as of the end of the calendar quarter
immediately preceding the date of termination), if the date of termination occurs during the second half of the applicable performance period, and, in either such case, Employee will receive a prorata payout within sixty (60) days following the
date of termination of employment (unless a later date is required by subsection 6.O hereof), based upon the length of time within the performance period that has elapsed prior to the date of termination of employment. Any options or SARs will
thereafter continue or lapse in accordance with the other provisions of the applicable plan and the applicable award agreement. To the extent that this provision causes incentive stock options to exceed the dollar limitation set forth in
section 422(d) of the Code, the excess stock options will be deemed to be nonstatutory stock options. 
 B. Termination
Other Than for Cause. If the Company or its Affiliate terminates Employee’s employment other than for Cause absent a Change in Control, then (i) any outstanding stock options or SARs held by Employee will immediately become fully
exercisable; and (ii) any time-based restrictions on other outstanding stock awards (such as restricted stock and restricted stock units) held by Employee will lapse and such awards will become fully vested, and (iii) the payout level
under any outstanding performance-based stock awards held by Employee will be determined and deemed to have been earned based upon the actual level of achievement of all relevant performance goals against “target” (measured over the full
performance period), and Employee will receive a prorata payout within thirty (30) days following the date the performance against such goals is certified by the Compensation Committee (unless a later date is required by subsection 6.O hereof),
based upon the length of time within the performance period that has elapsed prior to the date of termination of employment. 

C. Phrases referring to Employee’s termination “not for Cause” or “other than for Cause” in this agreement
exclude any termination or resignation as a result of Employee’s death or disability. Neither Employee’s death nor Employee’s resignation (other than for a Change in Control Good Reason) or termination on account of disability will
give rise to any accelerated vesting or right to settlement of any stock awards under this agreement. 
 D. Company’s
Election. In the circumstances described in subsection 2.A, the Company has the right to choose to settle in cash, as described in subsection 2.E below, all or 

  
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any portion of Employee’s stock awards. The Employee shall surrender and transfer to the Company all stock awards that the Company elects to settle in cash. Any stock awards that are not
settled in cash shall thereafter continue or lapse in accordance with the other provisions of the plan and the award agreement under which they were granted. 
 E. Settlement in Cash. If the Company chooses to settle some or all of the stock awards in cash, pursuant to subsection 2.D above, it may do so 

(1) in the case of stock options or SARs, by paying Employee either (i) the difference (if any, including a deemed
distribution of $0) between the price being paid for the Company’s common stock in the Change in Control over the exercise or base price, as applicable, of the award (that difference, the “Spread Amount”), multiplied by the number of
such stock options or SARs; or (ii) the “fair value” of those stock options or SARs under Generally Accepted Accounting Principles (as determined as of the settlement date through the Black-Scholes, binomial, or any other option
pricing model permissible under FASB Accounting Standards Codification 718 or a successor standard), but only if that fair value would yield a greater payment to Employee than the Spread Amount. The Company shall pay the settlement amount, net of
any required withholding, to Employee within sixty (60) days after the Change in Control (unless a later date is required by subsection 6.O hereof); or 
 (2) in the case of stock awards other than stock options or SARs (such as restricted stock or restricted stock units), by paying Employee the price being paid for the Company’s common stock in the
Change in Control multiplied by the number of such shares underlying the stock award. The Company shall pay the settlement amount, net of any required withholding, to Employee within sixty (60) days after the Change in Control (unless a later
date is required by subsection 6.O hereof). 
 3. No Conflict of Interest. Without limiting Employee’s obligations to comply with
the Company’s Code of Conduct and Code of Ethics, Employee agrees that during the term of Employee’s employment: 
 A.
Employee shall not engage, either directly or indirectly, in any activity that may involve a conflict of interest with the Company or its Affiliate, including without limitation ownership in any supplier, contractor, subcontractor, customer or other
entity with which the Company or its Affiliate does business (other than as a shareholder of less than one percent (1%) of a publicly-traded or privately-held class of equity ownership) (“Conflict of Interest”); 

B. Employee shall promptly report to the Company’s Chief Compliance Officer any information about which Employee becomes aware that
might involve or give rise to a Conflict of Interest or potential Conflict of Interest. 
 C. Employee shall not accept any
material payment, service, loan, gift, trip, entertainment or other favor from a supplier, contractor, subcontractor, customer or other entity with which the Company or its Affiliate does business. 

D. Employee shall promptly report to the Company’s Chief Compliance Officer each offer by any entity with which the Company or its
Affiliate does business for any material payment, service, loan, gift, trip, entertainment or other favor. 

  
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 4. Ongoing Covenants. Employee acknowledges that the Company has a legitimate
interest in (i) maintaining the confidentiality of the Company’s confidential information and (ii) restraining Employee from competing against the Company and its Affiliates during and for a reasonable time after Employee’s
employment by the Company or its Affiliate. Employee agrees to the restrictions in subsection 4.A: (i) in consideration of the benefits described in this agreement and the Company’s providing Employee with confidential information,
and (ii) in order to enforce Employee’s agreement to maintain the confidentiality of the Company’s confidential information. 
 A. Restrictive Covenants. Throughout the term of Employee’s employment by the Company or its Affiliate, and throughout the six month period beginning upon Employee’s separation from
employment with the Company for any reason, Employee shall not do any of the following: 
 (1)
Non-Competition. Directly or indirectly engage in, sell or otherwise provide Competitive Services within the Restricted Territory while serving in a position that is the same as or substantially similar to the [INSERT NAME OF POSITION
EMPLOYEE HOLDS] position that Employee held with the Company, whether on his own behalf or as a Principal or Representative of any Person other than the Company; provided, however, that the provisions of this Agreement shall not be
deemed to prohibit the ownership by Employee of not more than 1% of any class of securities of any corporation having a class of securities registered pursuant to the Securities Exchange Act of 1934, as amended. 

(2) Non-Solicitation of Protected Customers. Directly or indirectly, on Employee’s own behalf or on behalf of
a competitor of the Company’s Business, or as a Principal or Representative of any other Person, solicit, divert, take away or attempt to solicit, divert, or take away a Protected Customer for purposes of providing or selling services or
products that are the same as or substantially similar to the services and products that are provided or sold by the Company. 
 (3) Non-Solicitation of Protected Employees. Directly or indirectly, on Employee’s own behalf or as Principal or Representative of any other Person, solicit or induce or attempt to solicit or
induce any Protected Employee to terminate his or her employment with the Company or to enter into employment with any other Person. 
 B. Restrictions Are Reasonable. The Company and Employee have, in good faith, used their best efforts to make the restrictions in subsection 4.A reasonable in all pertinent respects, and it is
not anticipated, nor is it intended, by either party that any arbitrator or court will find it necessary to reform any restriction to make it reasonable. Employee has carefully read and considered the restrictions in subsection 4.A and agrees
that the restrictions, including, but not limited to, the time period of restriction, the geographic areas of restriction, and the scope of the restriction are fair and reasonable, are supported by sufficient and valid consideration, and these
restrictions do not impose any greater restraint than is necessary to protect the goodwill and other legitimate business interests of the Company. Employee acknowledges that these restrictions will not prevent Employee from obtaining gainful
employment in Employee’s occupation or field of expertise or cause Employee undue hardship and that there are numerous other employment and business opportunities available to Employee that are not affected by these restrictions. 

  
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 C. Modification of Covenants. It is the desire and intent of each of the parties that
the provisions of section 4.A be enforced to the fullest extent legally permissible. If an arbitrator or court determines it is necessary to reform any restriction to make it reasonable in all pertinent respects, then any damages due to a
breach of the restriction, as so reformed, will be deemed to accrue to the Company as and from the date of such a breach only, and only so far as the damages for such breach related to an action that accrued within the scope of the restriction as so
reformed. The covenants set forth in this Agreement shall be construed as separate and independent covenants. Should any part or provision of any covenant be held invalid, void or unenforceable, such invalidity, voidness, or unenforceability shall
not render invalid, void or unenforceable any other part or provision of this Agreement. If any portion of subsection 4.A is adjudicated to be invalid or unenforceable, this section 4 will be deemed amended (i) to reform the
particular portion to provide for such maximum restrictions as will be valid and enforceable or, if that is not possible, then (ii) to delete therefrom only the portion thus adjudicated to be invalid or unenforceable 

D. Successors. Subsection 4.A will inure to the benefit of and be enforceable by any successor to the Company and/or any
successor to any Affiliate of the Company that is then conducting the Email Encryption business or any Other Material Business. 

E. Notification of Future Employer. Employee shall, and the Company has the right to, notify any person or entity employing
Employee or evidencing an intention to employ Employee about the existence and terms of subsection 4.A. 
 F.
Remedies. If Employee violates any of the obligations set forth in subsection 4.A, the period of restriction applicable to each obligation violated shall cease to run during the pendency of any litigation over such violation, provided
that such litigation was initiated during the period of restriction. Employee acknowledges that the violation of any of the covenants or agreements contained in subsection 4.A would cause irreparable injury to the Company, that the remedy at
law for any such violation or threatened violation thereof would be inadequate, and Employee agrees that the Company will be entitled, in addition to any other remedy, to temporary and permanent injunctive or other equitable relief from a court of
competent jurisdiction without the necessity of proving actual damages or posting a bond as well as to the recovery of its reasonable attorneys’ fees. 
 5. Definitions. 
 A. “Acquiring Person” means any person
(including any “person” as such term is used in subsections 13(d)(3) or 14(d)(2) of the Exchange Act) that, together with all Affiliates and Associates of such person, is the beneficial owner (as the term “beneficial owner” is
defined under rule 13d-3 or any successor rule or regulation promulgated under the Exchange Act)) of 10% or more of the outstanding Common Stock. The term “Acquiring Person” does not include the Company, any majority-owned subsidiary of
the Company, any employee benefit plan of the Company or a majority-owned subsidiary of the Company, or any person to the extent such person is holding Common Stock for or pursuant to the terms of any such plan. For the purposes of this agreement, a
person who becomes an Acquiring Person by acquiring beneficial ownership of 10% or more of the Common Stock at any time after the date of this agreement will continue to be an Acquiring Person whether or not such person continues to be the
beneficial owner of 10% or more of the outstanding Common Stock. 

  
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 B. “Affiliate” and “Associate” have the respective
meanings ascribed to such terms in rule 12b-2 under the Exchange Act. 
 C. “Board” means the Company’s
board of directors or the compensation committee thereof. 
 D. “Cause” means any of the following shall have
occurred: (1) the intentional and continued failure by Employee to substantially perform Employee’s employment duties, such intentional failure involving willful and deliberate malfeasance or gross negligence in the performance of
Employee’s duties (other than any such failure resulting from Employee’s incapacity due to physical or mental illness), after (i) written demand for substantial performance is delivered by or on behalf of the Company, which demand
reasonably identifies the manner in which the Company believes Employee has not substantially performed Employee’s duties, and (ii) Employee’s failure to cure such performance failure within five business days after receipt of such
written demand; (2) the intentional engaging by Employee in misconduct that is materially injurious to the Company; (3) the conviction of Employee or a plea of nolo contendere, or the substantial equivalent to either of the foregoing, of
or with respect to, any felony; (4) the commission by Employee of acts of moral turpitude that are injurious to the Company; (5) a breach by Employee of the Confidentiality and Invention Agreement between the Company (or its affiliate) and
Employee; (6) a breach by Employee of Employee’s obligations under this agreement or the Arbitration Agreement (as hereinafter defined); or (7) a breach by Employee of the Company’s Code of Ethics and Code of Conduct as then in
effect. For purposes of this definition, no act, or failure to act, on Employee’s part shall be considered “intentional” unless done, or omitted to be done, by him not in good faith and without reasonable belief that his action or
omission was in, or not opposed to, the best interest of the Company. 
 Notwithstanding the foregoing, Employee will not be
deemed to have been terminated for Cause without (1) reasonable written notice to Employee, setting forth the reasons for the Company’s intention to terminate for Cause; (2) an opportunity for Employee to be heard by the
[Company][Board] (or an authorized representative thereof); and (3) delivery to Employee of a written notice of termination from the [Company][Board] (or its authorized representative) stating that, in the good faith opinion of the
[Company][Board] (or its authorized representative), Employee engaged in the conduct set forth above in clause (1), (2), (4), (5), (6) or (7) of the preceding paragraph or an event specified in clause (3) of the preceding paragraph
has occurred. 
 E. “Change in Control” of the Company will be deemed to have occurred if any of the following
events occurs during Employee’s employment: 
 (1) The Company is merged, consolidated or reorganized into
or with another corporation or other legal person, other than an Affiliate, and as a result of such merger, consolidation or reorganization, the Company or its shareholders or Affiliates immediately before such transaction beneficially own,
immediately after or as a result of such transaction, equity securities of the surviving or acquiring person or such corporation’s parent entity (the “Surviving Entity”) possessing less than 51% of the voting power of the
Surviving Entity; 
 (2) The Company sells all or substantially all of its assets to any other corporation or
other legal person, other than an Affiliate, and as a result of such sale, the Company or its shareholders or Affiliates immediately before such transaction 

  
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beneficially own, immediately after or as a result of such transaction, equity securities of the Surviving Entity possessing less than 51% of the voting power of the Surviving Entity (provided
that this paragraph will not apply to a registered public offering of securities of a subsidiary of the Company, which offering is not part of a transaction otherwise a part of or related to a Change in Control); 

(3) Any Acquiring Person has become the beneficial owner (as the term “beneficial owner” is defined under Rule
13d-3 or any successor rule or regulation promulgated under the Exchange Act) of securities which, when added to any securities already owned by such person, would represent in the aggregate 35% or more of the then outstanding securities of the
Company which are entitled to vote to elect any class of directors; 
 (4) As measured over any 12 month period,
Continuing Directors cease to constitute at least a majority of the Board; 
 (5) The occurrence of an event
required to be reported under Item 6(e) of Schedule 14A of Regulation 14A or any successor rule or regulation promulgated under the Exchange Act; or 
 (6) The Board in its sole discretion determines that any other event is deemed to be a Change in Control. 
 F. “Change In Control Good Reason” means any of the following: (i) a material diminution in Employee’s authority, duties or responsibilities, (ii) a material diminution in
Employee’s base salary, (iii) a material change in the geographic location at which Employee must perform services, (iv) a material diminution in the authority, duties, or responsibilities of the supervisor to whom Employee is
required to report, (v) a material diminution in the budget over which Employee retains authority, or (vi) any material breach by the Company of this agreement or any other agreement under which Employee provides services to the Company or
its Affiliates. 
 G. “Code” means the Internal Revenue Code of 1986 and applicable Internal Revenue Service
guidance and Treasury Regulations. 
 H. “Continuing Director” means a director of the Company who (1) is
not an Acquiring Person or an Affiliate or Associate thereof, or a representative of an Acquiring Person or nominated for election by an Acquiring Person, and (2) was either (a) a member of the Board on the date of this agreement or
(b) subsequently became a director of the Company and whose initial election or initial nomination for election by the Company’s shareholders was approved by a majority of the Continuing Directors then on the Board. 

I. “Company” means Zix Corporation, a Texas corporation, or its successors in interest, as the context requires.

 J. “Competitive Services” means the Email Encryption business or any other material line of business being
conducted by the Company or any Affiliate. 
 K. “Exchange Act” means the Securities Exchange Act of 1934.

  
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 L. “Person” means any individual or any corporation, partnership, joint
venture, limited liability company, association or other entity or enterprise. 
 M. “Principal” or
“Representative” means a principal, owner, partner, shareholder, joint venturer, investor, member, trustee, director, officer, manager, employee, agent, representative or consultant. 

N. “Protected Customer” means any customer to whom the Company sold its products or services at any time during
Employee’s employment and with whom Employee had business dealings on behalf of the Company. 
 O.
“Protected Employee” means any employee of the Company who was employed by the Company at any time during Employee’s employment and (a) with whom Employee had a supervisory relationship or (b) with whom
Employee worked or communicated on a regular basis regarding the Company’s business. 
 P. “Restricted
Territory” means the United States and Canada. 
 Q. “Separation Payment” means the sum of:

 (1) An amount equal to Employee’s base salary for a period of (a) six months or, if greater
(b) one month for every full 12-month period that Employee was employed by the Company or an Affiliate of the Company before separation from employment; provided, however, that in no event will such period exceed 12 months for the purpose of
determining the Separation Payment. [Mr. Spurr’s agreement provides for 12 months’ base salary.] For the purpose of calculating the Separation Payment, the Employee’s base salary will be deemed to be Employee’s highest base
salary in any month during the term of Employee’s employment. 
 plus 

(2) An amount equal to the excess of (i) the cost for Employee to continue any group medical, dental, vision and/or
prescription drug plan benefits to which Employee and/or Employee’s eligible dependents would be entitled under Section 4980B of the Code (COBRA) for the number of months used to calculate the base salary Separation Payment pursuant to
clause (1) above, over (ii) the amount that Employee would have had to pay for such coverage if had remained employed during such period of time and paid the active employee rate for such coverage. 

R. “Surviving Entity” has the meaning set forth in subsection 5.E(1). 

6. Miscellaneous. 
 A.
Litigation Assistance. During Employee’s employment and following Employee’s separation from employment, Employee shall cooperate reasonably with the Company and its Affiliates in the defense of litigation that pertains to
(i) matters reasonably within the purview of Employee’s job responsibilities while employed with the Company or its Affiliate or (ii) matters for which Employee has particular knowledge, thereof, including signing affidavits and
making himself or herself available for interviews, deposition preparation, deposition, and trial. Employee shall not, without the Company’s prior consent, comment publicly on any such litigation or any of the issues in the litigation. Employee
shall not, without the Company’s prior consent, discuss any such litigation, or cooperate, with the Company’s opponent(s) in such litigation, their attorneys, or their representatives. 

  
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 B. Reimbursement for Litigation Assistance. If Employee assists the Company or its
Affiliate with litigation activities following Employee’s separation from employment other than those litigation activities in which Employee would be required to participate as a named party, the Company shall pay all reasonable documented
out-of-pocket costs (subject to a maximum of $1,000 per day) that Employee incurs in connection with such activities and will pay Employee for his or her actual, demonstrated lost income (subject to a maximum of $10,000 in any tax year) for the
period in which Employee assists with such litigation activities. The Company shall pay the out-of-pocket reimbursement as soon as practicable after Employee provides documentation of such out-of-pocket costs but no later than the end of the tax
year following the tax year in which such expenses were incurred. The amount of expenses reimbursed to Employee pursuant to subsection 6.A during Employee’s tax year will not impact the amount of such expenses eligible for reimbursement
during any other tax year of Employee. Employee’s right to reimbursement of expenses will not be subject to liquidation or exchange for another benefit. Employee must provide documentation of the lost income on or before January 15 of the
year following the year in which the income is lost. The lost income will be paid in a lump sum within 60 days after Employee provides documentation of the same but in no event later than March 15 of the year following the year in which the
income is lost. 
 C. Indemnification. Employee and the Company acknowledge the indemnification provisions set forth in
the Company’s bylaws. 
 D. No Deemed Waivers. The failure by a party to enforce any provision of this agreement
does not constitute a waiver of any subsequent breach of the same or any other provision. No waiver is effective unless made in a writing signed by the waiving party. 
 E. No Third Party Beneficiaries. Except as otherwise stated in this agreement, nothing in this agreement, is intended to confer any rights or remedies on any persons other than the parties to it
and their respective permitted successors and assigns and other legal representatives. 
 F. Remedies. Employee hereby
agrees that a violation of subsection 4.A would cause irreparable injury to the Company for which it would have no adequate remedy at law. Accordingly, in the event of any such violation, the Company shall be entitled to preliminary and other
injunctive relief without the necessity to post a bond or other security. Any such injunctive relief shall be in addition to any other remedies to which the Company may be entitled at law or in equity, or otherwise. 

G. Notice. Any consent, notice, demand, or other communication regarding any payment required or permitted hereby must be in
writing to be effective and shall be deemed to have been received on the date delivered, if delivered in person, or the date received, if delivered otherwise (including by U.S. mail, overnight delivery or e-mail), addressed to the applicable party
at the address for such party set forth below or at such other address as such party may designate by like notice: 

  
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 The Company: 
 Zix Corporation 
 2711 North Haskell Avenue 

Suite 2200, LB 36 
 Dallas, Texas 75204-2960 
 Attn: General Counsel 

To Employee: 

At the address on file in the Company’s records. 
 H. Entire Agreement. This agreement, together with the Mutual Alternative Dispute Resolution Agreement and the Confidentiality and Invention Agreement between the parties, and the Code of Ethics
and Code of Conduct, as currently in effect or hereafter amended from time-to-time, embodies the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings relating to the
subject matter hereof. 
 I. Successors and Assigns. This Agreement will be binding upon and inure to the benefit of the
parties to this agreement and any successors-in-interest to the Company. Employee cannot assign or transfer this agreement or any rights under this agreement, or delegate any obligations under this agreement, and any attempted assignment, transfer
or delegation is void ab initio. 
 J. Governing Law. This Agreement is governed by and will be construed,
interpreted and enforced in accordance with, the laws of the State of Texas (excluding its conflict of laws rules) and applicable federal law. 
 K. Arbitration. All claims, demands, causes of action, disputes, controversies, or other matters in question, whether sounding in contract, tort, or otherwise and whether provided by statute or
common law, arising under or related to this agreement or Employee’s employment (or its termination) are subject to resolution under the procedures descried in the parties’ Mutual Alternative Dispute Resolution Agreement. 

L. Cumulative Remedies. No remedy in this agreement conferred upon any party is intended to be exclusive of any other benefit or
remedy, and each and every such remedy shall be cumulative and shall be in addition to every other benefit or remedy given under this agreement or now or hereafter existing at law or in equity or by statute or otherwise. No single or partial
exercise by any party of any right, power, or remedy under this agreement shall preclude any other or further exercise thereof. 

M. Multiple Counterparts. This Agreement may be executed in a number of identical counterparts, each of which constitute
collectively, one agreement; but in making proof of this agreement, it is not necessary to produce or account for more than one counterpart. 
 N. Descriptive Headings. The headings, captions, and arrangements used in this agreement are for convenience only and do limit, amplify, or modify the terms of this agreement, nor affect the
meaning hereof. 

  
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 O. 409A Compliance. 

(1) General. This Agreement will be interpreted and administered so that any amount or benefit paid or provided is
either exempt from or compliant with the requirements section 409A of the Code (and any applicable transition relief under section 409A of the Code). Nevertheless, the tax treatment of the amounts or benefits provided under the Agreement
is not warranted or guaranteed. Neither the Company nor its directors, officers, employees or advisers will be liable for any taxes, interest, penalties or other monetary amounts owed by Employee as a result of the application of section 409A
of the Code. 
 (2) Definitional Restrictions. Notwithstanding anything in this Agreement to the contrary,
to the extent that any amount or benefit that would constitute non-exempt “deferred compensation” for purposes of section 409A of the Code (“Non-Exempt Deferred Compensation”) would otherwise be payable or distributable
hereunder, or a different form of payment of such Non-Exempt Deferred Compensation would be effected, by reason of a Change in Control or the Executive’s termination of employment, such Non-Exempt Deferred Compensation will not be payable or
distributable to the Executive, and/or such different form of payment will not be effected, by reason of such circumstance unless the circumstances giving rise to such Change in Control or termination of employment, as the case may be, meet any
description or definition of “change in control event” or “separation from service”, as the case may be, in section 409A of the Code and applicable regulations (without giving effect to any elective provisions that may be
available under such definition). This provision does not prohibit the vesting of any Non-Exempt Deferred Compensation upon a Change in Control or termination of employment, however defined. If this provision prevents the payment or
distribution of any Non-Exempt Deferred Compensation, such payment or distribution shall be made on the date, if any, on which an event occurs that constitutes a section 409A-compliant “change in control event” or “separation
from service,” as the case may be, or such later date as may be required by subsection 6.O(3) below. If this provision prevents the application of a different form of payment of any amount or benefit, such payment shall be made in the same
form as would have applied absent such designated event or circumstance. 
 (3) Six-Month Delay in Certain
Circumstances. Notwithstanding anything in this Agreement to the contrary, if any amount or benefit that would constitute Non-Exempt Deferred Compensation would otherwise be payable or distributable under this Agreement by reason of
Executive’s separation from service during a period in which he or she is a Specified Employee (as defined in subsection 6.O(3)(iii)), then, subject to any permissible acceleration of payment by the Company under Treasury Regulations
section 1.409A-3(j)(4)(ii) (domestic relations order), (j)(4)(iii) (conflicts of interest), or (j)(4)(vi) (payment of employment taxes): 

  
 12 

	 	(i)	The amount of such Non-Exempt Deferred Compensation that would otherwise be payable during the six-month period immediately following Executive’s separation from
service will be accumulated through and paid or provided on the first day of the seventh month following Executive’s separation from service (or, if Executive dies during such period, within 30 days after Executive’s death) (in either
case, the “Required Delay Period”). 

  

	 	(ii)	The normal payment or distribution schedule for any remaining payments or distributions will resume at the end of the Required Delay Period. 

 

	 	(iii)	For purposes of this Agreement, the term “Specified Employee” has the meaning given such term in section 409A of the Code and the final regulations
thereunder; provided, however, that the Company’s Specified Employees and its application of the six-month delay rule of subsection 409A(a)(2)(B)(i) of the Code will be determined in accordance with rules adopted by the Board or a
committee thereof, which will be applied consistently with respect to all nonqualified deferred compensation arrangements of the Company, including this Agreement. 

(4) Treatment of Installment Payments. Each payment of termination benefits under section 1.B, including,
without limitation, each installment Separation Payment, shall be considered a separate payment, as described in Treasury Regulations section 1.409A-2(b)(2), for purposes of section 409A of the Code. 

(5) Timing of Release of Claims. Whenever in this agreement a payment or benefit is
conditioned on Executive’s execution and non-revocation of a separation agreement including a release of claims, such release must be executed and all revocation periods must have expired within 60 days after the date of termination of
Employee’s employment; failing which such payment or benefit is forfeited. If such payment or benefit constitutes Non-Exempt Deferred Compensation, then, subject to subsection 6.O(3), such payment or benefit (including any installment
payments) that would have otherwise been payable during such 60-day period shall be accumulated and paid on the
60th day after the date of termination provided such
release shall have been executed and such revocation periods shall have expired. If such payment or benefit is exempt from section 409A of the Code, the Company may elect to make or commence payment at any time during such 60-day period.

 Each party is signing this Employment Termination Benefits Agreement on the date indicated under its signature. 

 

							
	Zix Corporation	  	Employee
				
	By:	  	 	  		  	 
				
	Name:	  	 	  	Name:	  	 
				
	Title:	  	 	  	Dated:	  	 
				
	Date:	  	 	  		  	

  
 13Form of Performance-Based Restricted Stock Unit Agreement

 Exhibit 10.1 
 Executive 2012 PRSU Agreement 
 PERFORMANCE-BASED 

RESTRICTED STOCK UNITS AWARD AGREEMENT 
 This Award Agreement (the “Agreement”) is entered into as of August             , 2012 by and between Electro Scientific
Industries, Inc., an Oregon corporation (the “Company”), and
                                         
       (“Recipient”), for the grant of restricted stock units with respect to the Company’s Common Stock (“Common Stock”). 

On August 8, 2012, the Compensation Committee of the Company’s Board of Directors made a restricted stock units award to
Recipient pursuant to the Company’s 2004 Stock Incentive Plan (the “Plan”). The award is intended to qualify as performance-based compensation under Section 162(m) of the Internal Revenue Code of 1986. Recipient desires to accept
the award subject to the terms and conditions of this Agreement. 
 IN CONSIDERATION of the mutual covenants and agreements set
forth in this Agreement, the parties agree to the following: 
 1. Grant and Terms of Restricted Stock Units. The Company
grants to Recipient under the Plan                  restricted stock units, subject to the restrictions, terms and conditions set forth in this Agreement.

 (a) Rights under Restricted Stock Units. A restricted stock unit (a “RSU”) represents the unsecured right to
require the Company to deliver to Recipient one share of Common Stock for each RSU. The number of shares of Common Stock deliverable with respect to each RSU is subject to adjustment as determined by the Board of Directors of the Company as to the
number and kind of shares of stock deliverable upon any merger, reorganization, consolidation, recapitalization, stock dividend, spin-off or other change in the corporate structure affecting the Common Stock generally. 

(b) Vesting. The RSUs issued under this Agreement shall initially be 100% unvested and subject to forfeiture as set forth below.

 (i) Except as set forth in Section 1(d), if Recipient ceases to be employed by the Company for any reason or for no
reason prior to the end of the Performance Period (as defined below), the unvested RSUs shall be forfeited to the Company. 

(ii) To the extent that the number of RSUs first specified above are reduced in accordance with Section 1(b)(iii) upon achievement
to any extent of the Performance Goals (as defined below) and except as provided in Section 1(d), the reduction shall be forfeited to the Company. The extent to which any Performance Goal is achieved, if at all, shall be determined by a date
that is no later than December 31 of the calendar year in which the Performance Period ends (the “Determination Date”). Nothing contained in this Agreement shall confer upon Recipient any right to be employed by the Company or to
continue to provide services to the Company or to interfere in any way with the right of the Company to terminate Recipient’s services at any time for any reason, with or without cause. 

  

			
	Executive 2012 PRSU Agreement	 	
		 	

 (iii) The vesting of the RSUs shall be based on two “Performance Goals,” as
follows: 
 (A)             [insert # equal
to 33.3%] of the RSUs shall vest based on the Company’s fiscal 2014 sales, with 100% vesting on sales of $299.8 million, with additional vesting in 10% increments for each 10% increment in sales above that amount, up to a maximum of 200%
vesting on sales of $599.6 million. For sales below $299.8 million, 90% vest on sales of $269.8 million and 95% vest on sales of $284.8 million. There is no vesting if sales are below $269.8 million. 

(B)             [insert # equal to 66.7%] of the RSUs
shall vest based on the Company’s fiscal 2015 sales, with 100% vesting on sales of $374.6 million, with additional vesting in 10% increments for each 10% increment in sales above that amount, up to a maximum of 200% vesting on sales of $749.2
million. For sales below $374.6 million, 90% vest on sales of $337.1 million and 95% vest on sales of $355.9 million. There is no vesting if sales are below $337.1 million. 

(C) For purposes of determining the Company’s sales in each of fiscal 2014 and 2015, (i) sales from any lines
of business or product lines acquired by the Company in fiscal 2013, 2014 or 2015 for which the Company paid more than $30 million in purchase price (including any assumed debt) in the transaction in which the line of business or product line
was acquired shall be excluded, and (ii) if there shall occur a merger, consolidation or plan of exchange involving the Company pursuant to which the outstanding shares of Common Stock of the Company are converted into cash or other stock,
securities or property, sales from lines of business or products which were not offered by the Company or under development by the Company immediately prior to such transaction shall be excluded, in either case with the amount of qualifying sales
being determined by the Committee in its sole discretion. 
 (D) The Compensation Committee of the Board of
Directors may, in its discretion, permit the vesting of any or all of the RSUs subject to this Agreement for sales below the Performance Goals described above. 
 (E) The number of RSUs determined pursuant to this Section 1(b)(iii) shall vest on the last day of the Performance Period, subject to Section 1(b)(i). Any RSUs not vested at that time shall be
forfeited. 
 (c) Delivery Date. Except as set forth in Section 1(d)(iii) or (iv), the delivery date for a RSU
subject to this Agreement shall be as soon as practicable on or after the Determination Date, but in no event later than December 31 of the calendar year in which the Performance Period ends. 

(d) Proration upon Termination for Certain Reasons Prior to End of Performance Period; Treatment on Change in Control. 

  

			
	Executive 2012 PRSU Agreement	 	
		 	2

 (i) Proration on Death or Total Disability. If Recipient ceases to be an employee of
the Company by reason of Recipient’s death or total disability prior to the end of the Performance Period, the RSUs shall not be forfeited under Section 1(b)(i) and the following shall apply: 

(1) The number of RSUs Recipient would otherwise be entitled to receive pursuant to Section 1(b)(iii) if Recipient
were employed through the end of the Performance Period (the “Base Payout”) shall be reduced to a number determined by multiplying the Base Payout by a percentage calculated by dividing the number of months elapsed from the beginning of
the Performance Period to the date of termination of employment (rounded down to the whole month) by 36 (the “Pro Rata Percentage”). RSUs that exceed the reduced number shall be forfeited to the Company. 

(2) The Board of Directors or the Compensation Committee of the Board of Directors, in its discretion, may increase the
number of RSUs the Recipient would otherwise be entitled to receive under this Section 1(d)(i); the Recipient shall have no right to any increase. 
 (3) The amount of RSUs determined under (1) and (2) shall be delivered as soon as practicable on or after the Determination Date, but in no event later than December 31 of the calendar year
in which the Performance Period ends. 
 (4) The term “total disability” means a medically determinable
mental or physical impairment mental or physical impairment that is expected to result in death or has lasted or is expected to last for a continuous period of 12 months or more and that, in the opinion of the Company and two independent physicians
approved by the Company, causes Recipient to be unable to perform his or her duties as an employee, director, officer or consultant of the Company and unable to engage in any substantial gainful activity. Total disability shall be deemed to have
occurred after both of the following have occurred: 
 (A) The two independent physicians have furnished their
written opinion of total disability to the Company; and 
 (B) The Company has reached an opinion of total
disability. 
 (ii) Proration on Normal Retirement. If Recipient terminates his employment with the Company following
normal retirement under the Company’s retirement policy in place at such time but prior to the end of the Performance Period, the RSUs shall not be forfeited under Section 1(b)(i) and the following shall apply: 

(1) The Base Payout shall be reduced to a number determined by multiplying the Base Payout by the Pro Rata Percentage.
RSUs that exceed the reduced number shall be forfeited to the Company. 
 (2) The Board of Directors or the
Compensation Committee of the Board of Directors, in its discretion, may increase the number of RSUs the Recipient would otherwise be entitled to receive under this Section 1(d)(ii); the Recipient shall have no right to any increase.

  

			
	Executive 2012 PRSU Agreement	 	
		 	3

 (3) The amount of RSUs determined under (1) and (2) shall be
delivered as soon as practicable on or after the Determination Date, but in no event later than December 31 of the calendar year in which the Performance Period ends. 
 (iii) Double Trigger Acceleration on Change in Control. 

(1) All of the RSUs shall immediately vest based on deemed attainment or actual performance achieved, if greater, if a
Change in Control (as defined below) occurs and at any time after the Change in Control and on or before the first anniversary of the Change in Control, (i) the Recipient’s employment or service is terminated by the Company (or its
successor) without Cause (as defined below), or (ii) the Recipient’s employment or service is terminated by the Recipient for Good Reason (as defined below); provided, however, that the RSUs may also immediately vest in connection with a
Change in Control as provided in Section 1(c)(iv) below. 
 (2) For purposes of this Agreement, a
“Change in Control” of the Company shall mean the occurrence of any of the following events: 
 (A) At
any time during a period of two consecutive years, individuals who at the beginning of such period constituted the Board of Directors of the Company (“Incumbent Directors”) shall cease for any reason to constitute at least a majority
thereof; provided, however, that the term “Incumbent Director” shall also include each new director elected during such two-year period whose nomination or election was approved by two-thirds of the Incumbent Directors then in office;

 (B) Any “person” or “group” (within the meaning of Sections 13(d) and 14(d)(2) of the
Exchange Act) shall, as a result of a tender or exchange offer, open market purchases or privately negotiated purchases from anyone other than the Company, have become the beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act),
directly or indirectly, of more than fifty percent (50%) of the then outstanding Common Stock of the Company; 
 (C) A consolidation, merger or plan of exchange involving the Company (“Merger”) as a result of which the holders of outstanding securities of the Company ordinarily having the right to vote for
the election of directors (“Voting Securities”) immediately prior to the Merger do not continue to hold at least fifty percent 50% of the combined voting power of the outstanding Voting Securities of the surviving corporation or a parent
corporation of the surviving corporation immediately after the Merger, disregarding any Voting Securities issued to or retained by such holders in respect of securities of any other party to the Merger; or 

(D) A sale, lease, exchange, or other transfer (in one transaction or a series of related transactions) of all or
substantially all of the assets of the Company. 
 (3) For purposes of this Agreement, “Cause” shall
mean (a) the willful and continued failure to perform substantially the Recipient’s reasonably assigned duties with the Company (or its successor) (other than any such failure resulting from

  

			
	Executive 2012 PRSU Agreement	 	
		 	4

 
incapacity due to physical or mental illness) after a demand for substantial performance is delivered to the Recipient by the Company (or its successor) which specifically identifies the manner
in which the Company (or its successor) believes that the Recipient has not substantially performed the Recipient’s duties, (b) the willful engagement in illegal conduct which is materially and demonstrably injurious to the Company (or its
successor), or (c) the commission of an act by Recipient, or the failure of Recipient to act, which constitutes gross negligence or gross misconduct. No act, or failure to act, shall be considered “willful” if the Recipient reasonably
believed that the action or omission was in, or not opposed to, the best interests of the Company (or its successor). 
 (4) For purposes of this Agreement, “Good Reason” shall mean: 
 (A) the assignment of a different title, job or responsibilities that results in a decrease in the level of responsibility of the Recipient after the Change in Control when compared to the
Recipient’s level of responsibility for the Company’s operations prior to the Change in Control; provided that Good Reason shall not exist if the Recipient continues to have the same or a greater general level of responsibility for Company
operations after the Change in Control as the Recipient had prior to the Change in Control even if the Company operations are a subsidiary or division of the surviving company, 

(B) a reduction in the Recipient’s base pay as in effect immediately prior to the Change in Control, 

(C) a material reduction in total benefits available to the Recipient under cash incentive, stock incentive and other
employee benefit plans after the Change in Control compared to the total package of such benefits as in effect prior to the Change in Control, or 
 (D) the Recipient is required to be based more than 50 miles from where the Recipient’s office is located immediately prior to the Change in Control except for required travel on company business to
an extent substantially consistent with the business travel obligations which the Recipient undertook on behalf of the Company prior to the Change in Control. 
 (iv) Sale of the Company. If there shall occur a merger, consolidation or plan of exchange involving the Company pursuant to which the outstanding shares of Common Stock of the Company are
converted into cash or other stock, securities or property, or a sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all, or substantially all, the assets of the Company, then, as determined by the
Committee or the Board of Directors, either: 
 (1) the unvested RSUs shall be converted into restricted stock
units for stock of the surviving or acquiring corporation in the applicable transaction, with the amount and type of shares subject thereto to be conclusively determined by the Committee, taking into account the relative values of the companies
involved in the 

  

			
	Executive 2012 PRSU Agreement	 	
		 	5

 
applicable transaction and the exchange rate, if any, used in determining shares of the surviving corporation to be held by the former holders of the Company’s Common Stock following the
applicable transaction, and disregarding fractional shares; 
 (2) the unvested RSUs shall be converted into a
cash payment obligation of the surviving or acquiring corporation in an amount equal to the proceeds a holder of the underlying Shares would have received in proceeds from such transaction with respect to those Shares; or 

(3) all of the unvested RSUs shall immediately vest and all underlying Shares shall be delivered simultaneously with the
closing of the applicable transaction such that the Recipient will participate as a shareholder in receiving proceeds from such transaction with respect to those Shares. 
 (e) Forfeiture of RSUs on Other Terminations of Service. If Recipient ceases to be an employee of the Company for any reason that does not result in acceleration or payment pursuant to
Section 1(d), Recipient shall immediately forfeit all outstanding but unvested RSUs granted pursuant to this Agreement and Recipient shall have no right to receive the related Common Stock. 

(f) Restrictions on Transfer and Delivery on Death. Recipient may not sell, transfer, assign, pledge or otherwise encumber or
dispose of the RSUs. Recipient may designate beneficiaries to receive stock if Recipient dies before the delivery date by so indicating on Exhibit A, which is incorporated into and made a part of this agreement. If Recipient fails to designate
beneficiaries on Exhibit A, the shares will be delivered to Recipient’s estate. 
 (g) Reinvestment of Dividend
Equivalents. On each date on which the Company pays a dividend on a share of Common Stock with respect to an RSU, the number of RSUs subject to this Agreement shall be increased by a number equal to the number of whole or fractional shares of
Common Stock with a value equal to the value of the dividends that would have been paid on the stock deliverable pursuant to the RSUs (if such shares were outstanding), divided by the closing stock price on the dividend payment date. If the vesting
date for any RSUs subject to this Agreement occurs between the record date and the payment date for a dividend, the Company, at its option, may elect to pay to Recipient cash, net of withholding, equal to the cash dividend payable on the RSUs which
so vest in lieu of increasing the number of RSUs subject to this Agreement. 
 (h) Delivery on Delivery Date. As soon as
practicable following the delivery date for a share of Common Stock, the Company shall deliver a certificate for the number of shares represented by all RSUs having a delivery date on the same date, rounded down to the whole share. No fractional
shares of Common Stock shall be issued. The Company shall pay to Recipient in cash an amount equal to the value of any fractional shares that would otherwise have been issued, valued as of the delivery date. If shares or cash are to be delivered on
a particular date, the shares or cash shall be deemed delivered on that date for purposes of compliance with the terms of this Agreement if the cash or shares are actually delivered within 45 days after the specified date as determined in the
Company’s discretion with the Recipient having no right to determine the delivery date. Recipient shall not have any right to determine or direct the date of actual delivery. 

  

			
	Executive 2012 PRSU Agreement	 	
		 	6

 (i) Recipient’s Rights as Shareholder. Recipient shall have no rights as a
shareholder with respect to the RSUs or the shares underlying them until the Company delivers the shares to Recipient on the delivery date. 
 (j) Tax Withholding. Recipient acknowledges that, at the actual delivery date, the value of delivered shares of Common Stock will be treated as ordinary compensation income for federal and state
income and FICA tax purposes, and that the Company will be required to withhold taxes on this income amount. Promptly following the delivery date, the Company will notify Recipient of the required withholding amount. Concurrently with or prior to
the delivery of the certificate referred to in Section 1(h), Recipient shall pay to the Company the required withholding amount in cash or, at the election of Recipient (which election must be made on or before the vesting date), by
surrendering to the Company for cancellation shares of the Company’s Common Stock to be delivered with respect to the RSUs or other shares of the Company’s Common Stock valued at the closing market price for the Company’s Common Stock
on the vesting date. If Recipient pays the withholding amount in shares of Common Stock, the Company shall pay to Recipient in cash the amount of any resulting over payment. 
 (k) Section 409A. The award made pursuant to this Agreement shall be interpreted in accordance with Section 409A and Treasury regulations and other interpretive guidance issued
thereunder, including without limitation any such regulations or other guidance issued after the grant of the award. For example, a termination of employment shall be determined with respect to standards for “separation from service”
within the meaning of applicable regulations. 
 (i) Notwithstanding any provision of the award to the contrary, the Company
may adopt such amendments to the award or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Company determines are necessary or appropriate to
(1) exempt the award from the application of Section 409A or preserve the intended tax treatment of the benefits provided with respect to the award, or (2) comply with the requirements of Section 409A. 

(ii) If an amount is determined to be subject to applicable provisions of Section 409A of the Code, payment in connection with
termination of employment for a reason other than death or total disability may not start or be made to Recipient if the Company determines Recipient is a “key employee” as defined in Section 416(i) of the Code, without regard to
Section 416(i)(5) of the Code, before the date which is six months after the date of termination, notwithstanding any other provisions for time of payment in this Agreement, if such delay in payment is necessary to comply with Section 409A
of the Code. The Company may determine that Recipient is a key employee in the event of doubt or to avoid impractical efforts or expense to make an exact determination of key employees. Recipient shall have no claim, rights or remedy if the
determination is not correct. 

  

			
	Executive 2012 PRSU Agreement	 	
		 	7

 2. Miscellaneous. 

(a) Entire Agreement; Amendment. This Agreement and the Plan (including without limitation Section 17 thereof) constitute the
entire agreement of the parties with regard to the subjects hereof and may be amended only by written agreement between the Company and the Recipient. 
 (b) Notices. Any notice required or permitted under this Agreement shall be in writing and shall be deemed sufficient when delivered personally to the party to whom it is addressed or when
deposited into the United States mail as registered or certified mail, return receipt requested, postage prepaid, addressed to Electro Scientific Industries, Inc., Attention: Corporate Secretary, at its principal executive offices or to the
Recipient at the address of Recipient in the Company’s records, or at such other address as such party may designate by ten (10) days’ advance written notice to the other party. 

(c) Rights and Benefits. The rights and benefits of this Agreement shall inure to the benefit of and be enforceable by the
Company’s successors and assigns and, subject to the restrictions on transfer of this Agreement, be binding upon the Recipient’s heirs, executors, administrators, successors and assigns. 

(d) Further Action. The parties agree to execute such further instruments and to take such further action as may reasonably be
necessary to carry out the intent of this Agreement. 
 (e) Applicable Law; Attorneys’ Fees. The terms and
conditions of this Agreement shall be governed by the laws of the State of Oregon. In the event either party institutes litigation hereunder, the prevailing party shall be entitled to reasonable attorneys’ fees to be set by the trial court and,
upon any appeal, the appellate court. 
 (f) Counterparts. This Agreement may be executed in two or more counterparts,
each of which shall be deemed an original. 
  

			
	ELECTRO SCIENTIFIC INDUSTRIES, INC.
		
	By:	 	  

		 	Authorized Officer
	
	  

	                           
                                     
,Recipient

  
  

  

			
	Executive 2012 PRSU Agreement	 	
		 	8

 EXHIBIT A 
 DESIGNATION OF BENEFICIARY 
  

			
	
Name                      
                                         
                            
	 	Social Security Number
                -                -      
          

 I designate the following person(s) to receive any restricted stock units outstanding upon my death under the
Performance-Based Restricted Stock Units Award Agreement with Electro Scientific Industries, Inc.: 
 Primary Beneficiary(ies) 

 

					
	
Name                      
                                         
               
	 		  	Social Security Number  
            -            -            

	 Birth Date
                                         
                             
	 		  	Relationship                           
                                       

	
Address                       
                                         
              
	 		  	City                  
State                  
Zip                          
			
	
Name                      
                                         
               
	 		  	 Social Security Number
            -            -            

	 Birth
Date                                        
                              
	 		  	Relationship
                                         
                     
	
Address                       
                                         
          
	 		  	City                  
State                  
Zip                      
			
	Name                            
                                         
         	 		  	 Social Security Number
            -            -            

	 Birth
Date                                        
                                  
	 		  	Relationship                           
                                       

	
Address                       
                                         
          
	 		  	City                  
State                  
Zip                          

 If more than one primary beneficiary is named, the units will be divided equally among those primary beneficiaries who
survive the undersigned. 
 Secondary Beneficiary(ies) 
 In the event no Primary Beneficiary is living at the time of my death, I designate the following the person(s) as my beneficiary(ies): 

 

					
	
Name                      
                                         
               
	 		  	Social Security Number  
            -            -            

	 Birth Date
                                         
                             
	 		  	Relationship                           
                                       

	
Address                       
                                         
              
	 		  	City                  
State                  
Zip                          
			
	
Name                      
                                         
               
	 		  	 Social Security Number
            -            -            

	 Birth
Date                                        
                              
	 		  	Relationship
                                         
                     
	
Address                       
                                         
          
	 		  	City                  
State                  
Zip                      
			
	Name                            
                                         
         	 		  	 Social Security Number
            -            -            

	 Birth
Date                                        
                                  
	 		  	Relationship                           
                                       

	
Address                       
                                         
          
	 		  	City                  
State                  
Zip                          

 If more than one Secondary Beneficiary is named, the units will be divided equally among those Secondary beneficiaries
who survive the undersigned. 
 This designation revokes and replaces all prior designations of beneficiaries under the Performance-Based
Restricted Stock Units Award Agreement. 
  

					
	  
	  		  	Date signed:                          
                            , 20        

	 Signature
	  		  	

  

			
	Executive 2012 PRSU Agreement	 	
		 	A-1

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