Document:

exv10w2

Exhibit 10.2

INTERWOVEN, INC.

2008 EQUITY INCENTIVE PLAN

NOTICE OF STOCK OPTION GRANT

Unless otherwise defined herein, the terms defined in the 2008 Equity Incentive Plan (the “Plan”)
shall have the same meanings in this Notice of Stock Option Grant (the “Notice”).

	 	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:	 	 	 	 
	 

	 	 	 	 

	 	 

You (the “Participant”) have been granted an option to purchase shares of Common Stock of the
Company under the Plan subject to the terms and conditions of the Plan, this Notice and the Stock
Option Award Agreement (the “Option Agreement”).

	 	 	 	 	 
	 

	 	Grant Number:
	 	                                                            
	 
	 	 	 	 
	 

	 	Date of Grant:
	 	                                                            
	 
	 	 	 	 
	 

	 	Vesting Commencement Date:
	 	                                                            
	 
	 	 	 	 
	 

	 	Exercise Price per Share:
	 	                                                            
	 
	 	 	 	 
	 

	 	Total Number of Shares:
	 	                                                            
	 
	 	 	 	 
	 

	 	Type of Option:
	 	                     Non-Qualified Stock Option (                     shares)
	 
	 	 	 	 
	 

	 	 	 	                     Incentive Stock Option (                     shares)
	 
	 	 	 	 
	 

	 	Expiration Date:
	 	                                                            
	 
	 	 	 	 
	 

	 	Post-Termination Exercise Period:
	 	     Termination for Cause = None
	 

	 	 	 	     Voluntary Termination = 3 Months
	 

	 	 	 	     Termination without Cause = 3 Months
	 

	 	 	 	     Disability = 12 Months
	 

	 	 	 	     Death = 12 Months
	 
	 	 	 	 
	 

	 	Vesting Schedule:
	 	Subject to the limitations set forth in this Notice,
the Plan and the Option
Agreement, the Option will vest and may be exercised,
in whole or in part, in accordance with the following
schedule: [Vesting may occur based on achievement, at the end of a period of time, of a specified goal or
specified goals based on such factors as: annual revenue, cash position, earnings per share,
operating cash flow, market share, new product releases, net income, operating income, return on
assets, return on equity, return on investment, software license bookings, EBITDA or other
financial measure, or any other performance-related goal as approved from time to time.]

You understand that your employment or consulting relationship or service with the Company is for
an unspecified duration, can be terminated at any time (i.e., is “at-will”), and that nothing in
this Notice, the Option Agreement or the Plan changes the at-will nature of that relationship. You
acknowledge that the vesting of the Options pursuant to this Notice is earned only by continuing
service as an Employee, Director or Consultant of the Company. Participant also understands that
this Notice is subject to the terms and conditions of both the Option Agreement and the Plan, both
of which are incorporated herein by reference. Participant has read both the Option Agreement and
the Plan.

	 	 	 	 	 
	PARTICIPANT:

	 	INTERWOVEN, INC.	 	 
	 
	 	 	 	 
	Signature:                                        

	 	By:                                        
	 	 
	 
	 	 	 	 
	Print Name:                                        

	 	Its:                                         	 	 
	 
	 	 	 	 
	Date:                                         

	 	Date:                                         	 	 

 

 

Notice of Grant of Stock

Options and Option Agreement

Interwoven, Inc.

ID: 94-3221352

160 East Tasman Drive

San Jose, CA 95134

Employee Name

Option Number:

Plan:

ID:

Effective                , you have been granted a(n)               
[Incentive/Nonqualified] Stock Option to buy                 shares of Interwoven,
Inc. (the Company) stock at $                per share.

The total option price of the shares granted is $               .

Shares in each period will become fully vested on the date shown.

[Vesting may occur based on achievement, at the end of a period of time, of a specified goal or
specified goals based on such factors as: annual revenue, cash position, earnings per share,
operating cash flow, market share, new product releases, net income, operating income, return on
assets, return on equity, return on investment, software license bookings, EBITDA or other
financial measure, or any other performance-related goal as approved from time to time.]

By your signature and the Company’s signature below, you and the Company agree that these options
are granted under and governed by the terms and conditions of the Company’s Stock Option Plan as
amended and the Option Agreement, all of which are attached and made a part of this document.

	 	 	 
	Interwoven, Inc.

	 	Date
	 
	 	 
	Optionee Name

	 	Date

 

 

INTERWOVEN, INC.

STOCK OPTION AWARD AGREEMENT

2008 EQUITY INCENTIVE PLAN

Unless otherwise defined in this Stock Option Award Agreement (the “Agreement”), any capitalized
terms used herein shall have the meaning ascribed to them in the Company’s 2008 Equity Incentive
Plan (the “Plan”).

     Participant has been granted an option to purchase Shares (the “Option”), subject to the terms
and conditions of the Plan, the Notice of Stock Option Grant (the “Notice”) and this Agreement.

     1. Vesting Rights. Subject to the applicable provisions of the Plan and this
Agreement, this Option may be exercised, in whole or in part, in accordance with the schedule set
forth in the Notice.

     2. Termination Period.

          (a) General Rule. Except as provided below, and subject to the Plan, this Option may
be exercised for 3 months after termination of Participant’s employment with the Company. In no
event shall this Option be exercised later than the Expiration Date set forth in the Notice.

          (b) Death; Disability. Unless provided otherwise in the Notice, upon the termination
of Participant’s service to the Company by reason of his or her Disability or death, or if a
Participant dies within three months of the Termination Date, this Option may be exercised for
twelve months, provided that in no event shall this Option be exercised later than the Expiration
Date set forth in the Notice.

          (c) Cause. Upon the termination of Participant’s employment by the Company for Cause,
the Option shall expire on such date of Participant’s Termination Date.

     3. Grant of Option. The Participant named in the Notice has been granted an Option
for the number of Shares set forth in the Notice at the exercise price per Share set forth in the
Notice (the “Exercise Price”). In the event of a conflict between the terms and conditions of the
Plan and the terms and conditions of this Agreement, the terms and conditions of the Plan shall
prevail. If designated in the Notice as an Incentive Stock Option (“ISO”), this Option is intended
to qualify as an Incentive Stock Option under Section 422 of the Code. However, if this Option is
intended to be an ISO, to the extent that it exceeds the $100,000 rule of Code Section 422(d) it
shall be treated as a Non-Qualified Stock Option (“NSO”).

     4. Exercise of Option.

          (a) Right to Exercise. This Option is exercisable during its term in accordance with
the Vesting Schedule set forth in the Notice and the applicable provisions of the Plan and this
Agreement. In the event of Participant’s death, Disability, Termination for Cause or other
Termination, the exercisability of the Option is governed by the applicable provisions of the Plan,
the Notice and this Agreement.

          (b) Method of Exercise. This Option is exercisable by delivery of an exercise notice
(the “Exercise Notice”), which shall state the election to exercise the Option, the number of
Shares in respect of which the Option is being exercised (the “Exercised Shares”), and such other
representations and agreements as may be required by the Company pursuant to the provisions of the
Plan. The Exercise Notice shall be delivered in person, by mail, via electronic mail or facsimile
or by other authorized method to the Secretary of the Company or other person designated by the
Company. The Exercise Notice shall be accompanied by payment of the aggregate Exercise Price as to
all Exercised Shares. This Option shall be deemed to be exercised upon receipt by the Company of
such fully executed Exercise Notice accompanied by such aggregate Exercise Price.

 

 

          (c) No Shares shall be issued pursuant to the exercise of this Option unless such issuance and
exercise complies with all relevant provisions of law and the requirements of any stock exchange or
quotation service upon which the Shares are then listed. Assuming such compliance, for income tax
purposes the Exercised Shares shall be considered transferred to the Participant on the date the
Option is exercised with respect to such Exercised Shares.

     5. Method of Payment. Payment of the aggregate Exercise Price shall be by any of the
following, or a combination thereof, at the election of the Participant:

          (a) cash;

          (b) check;

          (c) a “broker-assisted” or “same-day sale” (as described in Section 11(d) of the Plan); or

          (d) any other method authorized by the Company.

     6. Non-Transferability of Option. This Option may not be transferred in any manner
other than by will or by the laws of descent or distribution or court order and may be exercised
during the lifetime of Participant only by the Participant unless otherwise permitted by the
Committee on a case-by-case basis. The terms of the Plan and this Agreement shall be binding upon
the executors, administrators, heirs, successors and assigns of the Participant.

     7. Term of Option. This Option shall in any event expire on the expiration date set
forth in the Notice of Stock Option Grant, which date is 10 years after the Date of Grant (five
years after the Date of Grant if this option is designated as an ISO in the Notice of Stock Option
Grant and Section 5.3 of the Plan applies).

     8. U.S. Tax Consequences. For Participants subject to U.S. income tax, some of the
federal tax consequences relating to this Option, as of the date of this Option, are set forth
below. All other Participants should consult a tax advisor for tax consequences relating to this
Option in their respective jurisdiction. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS
AND REGULATIONS ARE SUBJECT TO CHANGE. THE PARTICIPANT SHOULD CONSULT A TAX ADVISER BEFORE
EXERCISING THIS OPTION OR DISPOSING OF THE SHARES.

          (a) Exercising the Option.

               (i) Non-Qualified Stock Option. The Participant may incur federal ordinary income tax
liability upon exercise of a NSO. The Participant will be treated as having received compensation
income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value
of the Exercised Shares on the date of exercise over their aggregate Exercise Price. If the
Participant is an Employee or a former Employee, the Company will be required to withhold from his
or her compensation an amount equal to the minimum amount the Company is required to withhold for
income and employment taxes or collect from Participant and pay to the applicable taxing
authorities an amount in cash equal to a percentage of this compensation income at the time of
exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding
amounts are not delivered at the time of exercise.

               (ii) Incentive Stock Option. If this Option qualifies as an ISO, the Participant will
have no regular federal income tax liability upon its exercise, although the excess, if any, of the
aggregate Fair Market Value of the Exercised Shares on the date of exercise over their aggregate
Exercise Price will be treated as an adjustment to alternative minimum taxable income for federal
tax purposes and may subject the Participant to alternative minimum tax in the year of exercise.

 

 

          (b) Disposition of Shares.

               (i) NSO. If the Participant holds NSO Shares for at least one year, any gain realized
on disposition of the Shares will be treated as long-term capital gain for federal income tax
purposes.

               (ii) ISO. If the Participant holds ISO Shares for at least one year after exercise
and two years after the grant date, any gain realized on disposition of the Shares will be treated
as long-term capital gain for federal income tax purposes. If the Participant disposes of ISO
Shares within one year after exercise or two years after the grant date, any gain realized on such
disposition will be treated as compensation income (taxable at ordinary income rates) to the extent
of the excess, if any, of the lesser of (A) the difference between the Fair Market Value of the
Shares acquired on the date of exercise and the aggregate Exercise Price, or (B) the difference
between the sale price of such Shares and the aggregate Exercise Price.

          (c) Notice of Disqualifying Disposition of ISO Shares. If the Participant sells or
otherwise disposes of any of the Shares acquired pursuant to an ISO on or before the later of
(i) two years after the grant date, or (ii) one year after the exercise date, the Participant shall
immediately notify the Company in writing of such disposition. The Participant agrees that he or
she may be subject to income tax withholding by the Company on the compensation income recognized
from such early disposition of ISO Shares by payment in cash or out of the current earnings paid to
the Participant.

     9. Acknowledgement. The Company and Participant agree that the Option is granted
under and governed by the Notice, this Agreement and by the provisions of the Plan (incorporated
herein by reference). Participant: (i) acknowledges receipt of a copy of the Plan and the Plan
prospectus, (ii) represents that Participant has carefully read and is familiar with their
provisions, and (iii) hereby accepts the Option subject to all of the terms and conditions set
forth herein and those set forth in the Plan and the Notice.

     10. Entire Agreement; Enforcement of Rights. This Agreement, the Plan and the Notice
constitute the entire agreement and understanding of the parties relating to the subject matter
herein and supersede all prior discussions between them. Any prior agreements, commitments or
negotiations concerning the purchase of the Shares hereunder are superseded. No modification of or
amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective
unless in writing and signed by the parties to this Agreement. The failure by either party to
enforce any rights under this Agreement shall not be construed as a waiver of any rights of such
party.

     11. Compliance with Laws and Regulations. The issuance of Shares will be subject to
and conditioned upon compliance by the Company and Participant with all applicable state and
federal laws and regulations and with all applicable requirements of any stock exchange or
automated quotation system on which the Company’s Common Stock may be listed or quoted at the time
of such issuance or transfer.

     12. Governing Law; Severability. If one or more provisions of this Agreement are held
to be unenforceable under applicable law, the parties agree to renegotiate such provision in good
faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement
for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance
of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance
of this Agreement shall be enforceable in accordance with its terms. This Agreement and all acts
and transactions pursuant hereto and the rights and obligations of the parties hereto shall be
governed, construed and interpreted in accordance with the laws of the State of California, without
giving effect to principles of conflicts of law.

     13. No Rights as Employee, Director or Consultant. Nothing in this Agreement shall
affect in any manner whatsoever the right or power of the Company, or a Parent or Subsidiary of the
Company, to terminate Participant’s service, for any reason, with or without cause.

 

 

     By your signature and the signature of the Company’s representative on the Notice, you and the
Company agree that this Option is granted under and governed by the terms and conditions of the
Plan, the Notice and this Agreement. Participant has reviewed the Plan, the Notice and this
Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to
executing the Notice, and fully understands all provisions of the Plan, the Notice and this
Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or
interpretations of the Committee upon any questions relating to the Plan, the Notice and the
Agreement. Participant further agrees to notify the Company upon any change in the residence
address indicated on the Notice.

 

 

No.                     

INTERWOVEN, INC.

2008 EQUITY INCENTIVE PLAN

STOCK OPTION EXERCISE AGREEMENT

     This Stock Option Exercise Agreement (the “Exercise Agreement”) is made and entered into as of
___, ___ (the “Effective Date”) by and between Interwoven, Inc., a Delaware
corporation (the “Company”), and the purchaser named below (the “Purchaser”). Capitalized terms
not defined herein shall have the meanings ascribed to them in the Company’s 2008 Equity Incentive
Plan (the “Plan”).

	 	 	 
	Purchaser:
	 	 
	 

	 	 
	 
	 	 
	Address:
	 	 
	 

	 	 
	 
	 	 
	 

	 	 
	 
	 	 
	Total Number of Shares:
	 	 
	 

	 	 
	 
	 	 
	Exercise Price Per Share:
	 	 
	 

	 	 
	 
	 	 
	Date of Grant:
	 	 
	 

	 	 
	 
	 	 
	Type of Stock Option
	 	 
	 
	 	 
	(Check one):

	 	o Incentive Stock Option
	 

	 	o Non-Qualified Stock Option

     1. Exercise of Option.

          1.1 Exercise. Pursuant to exercise of that certain option (the “Option”) granted to
Purchaser under the Plan and subject to the terms and conditions of this Exercise Agreement,
Purchaser hereby purchases from the Company, and the Company hereby sells to Purchaser, the Total
Number of Shares set forth above (the “Shares”) of the Company’s Common Stock, $0.001 par value per
share, at the Exercise Price Per Share set forth above (the “Exercise Price”). As used in this
Exercise Agreement, the term “Shares” refers to the Shares purchased under this Exercise Agreement
and includes all securities received (i) in replacement of the Shares, (ii) as a result of stock
dividends or stock splits with respect to the Shares, and (iii) all securities received in
replacement of the Shares in a merger, recapitalization, reorganization or similar corporate
transaction.

          1.2 Title to Shares. The exact spelling of Purchaser’s name under which Purchaser
will take title to the Shares is:

 

          1.3 Payment. Purchaser hereby delivers payment of the Exercise Price in the manner
permitted in the Stock Option Agreement as follows (check and complete as appropriate):

	o	 	in cash (by check) in the amount of $___, receipt of which is
acknowledged by the Company;

 

 

	o	 	by delivery of ___ fully-paid, nonassessable and vested shares
of the Common Stock of the Company owned by Purchaser for which the
Company has received “full payment of the purchase price” within the
meaning of SEC Rule 144, (if purchased by use of a promissory note,
such note has been fully paid with respect to such vested shares), or
obtained by Purchaser in the open public market, and owned free and
clear of all liens, claims, encumbrances or security interests, valued
at the current Fair Market Value of $                     per share;
	 
	o	 	by cash received by the Company pursuant to a broker-assisted and/or
same day sale (or other) “cashless” exercise program implemented by
the Company;
	 
	o	 	by the waiver hereby of compensation due or accrued for services
rendered in the amount of $                    .]

     2. Delivery.

          2.1 Deliveries by Purchaser. Purchaser hereby delivers to the Company (i) this
Exercise Agreement and (ii) the Exercise Price and payment or other provision for any applicable
tax obligations in the form indicated above.

          2.2 Deliveries by the Company. Upon its receipt of the Exercise Price, payment or
other provision for any applicable tax obligations and this Exercise Agreement executed and
delivered by Purchaser to the Company under Section 2.1, the Company will issue a duly executed
stock certificate evidencing the Shares in the name of Purchaser or deposit the Shares in “street
name” in the appropriate brokerage account maintained in the name of Purchaser.

     3. Representations and Warranties of Purchaser. Purchaser represents and warrants to
the Company that:

          3.1 Agrees to Terms of the Plan. Purchaser has received a copy of the Plan and the
Stock Option Agreement, has read and understands the terms of the Plan, the Stock Option Agreement
and this Exercise Agreement, and agrees to be bound by their terms and conditions. Purchaser
acknowledges that there may be adverse tax consequences upon exercise of the Option or disposition
of the Shares, and that Purchaser should consult a tax adviser prior to such exercise or
disposition.

          3.2 Access to Prospectus. Purchaser has received and reviewed the prospectus for the
Plan.

     4. Rights as a Stockholder. Subject to the terms and conditions of this Exercise
Agreement, Purchaser will have all of the rights of a stockholder of the Company with respect to
the Shares from and after the date that Shares are issued to Purchaser until such time as Purchaser
disposes of the Shares.

     5. Governing Law. This Exercise Agreement shall be governed by and construed in
accordance with the laws of the State of California, without giving effect to that body of laws
pertaining to conflict of laws.

     6. Further Assurances. The parties agree to execute such further documents and
instruments and to take such further actions as may be reasonably necessary to carry out the
purposes and intent of this Exercise Agreement.

     7. Entire Agreement. The Plan, the Stock Option Agreement and this Exercise
Agreement, constitute the entire agreement and understanding of the parties with respect to the
subject matter of this Exercise Agreement, and supersede all prior understandings and agreements,
whether oral or written, between or among the parties hereto with respect to the specific subject
matter hereof.

 

 

     IN WITNESS WHEREOF, the Company has caused this Exercise Agreement to be executed in
triplicate by its duly authorized representative and Purchaser has executed this Exercise Agreement
in triplicate as of the Effective Date, indicated above.

	 	 	 	 	 	 	 	 	 
	INTERWOVEN, INC.	 	 	 	PURCHASER	 	 
	 	 	 
	 	 	 	 	 	 
	By:
	 	 
	 	 	 	 	 	 
	 	 	 

	 	 
	 	 

	 	 
	 	 	 

	 	 	 	(Signature)	 	 
	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 	 
	(Please print name)	 	 	 	(Please print name)	 	 
	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 	 
	(Please print title)	 	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 
	Address:	 	 	 	Address:	 	 
	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 
	Fax No.:
	 	 

	 	 	 	Fax No.	 	 	 	 
	 	 

	 	 	 	 	 

	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	Phone No.:
	 

	 	 	 	Phone No.:	 	 	 
	 	 	 

	 	 	 	 	 	 	 	 

[Signature page to Interwoven, Inc. Stock Option Exercise Agreement]

 

 

INTERWOVEN, INC.

2008 EQUITY INCENTIVE PLAN

NOTICE OF RESTRICTED STOCK AWARD

GRANT NUMBER:               

Unless otherwise defined herein, the terms defined in the Company’s 2008 Equity Incentive Plan (the
“Plan”) shall have the same meanings in this Notice of Restricted Stock Award (the “Notice”).

	 	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:	 	 	 	 
	 

	 	 	 	 

	 	 

You (“Participant”) have been granted an award of Restricted Shares of Common Stock of Interwoven,
Inc. (the “Company”) under the Plan subject to the terms and conditions of the Plan, this Notice
and the attached Restricted Stock Agreement (the “Restricted Stock Purchase Agreement”).

	 	 	 	 	 
	Total Number of Restricted Shares Awarded:
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Fair Market Value per Restricted Share:

	 	$	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Total Fair Market Value of Award:

	 	$	 	 
	 

	 	 
	 	 
	 
	 	 	 	 
	Purchase Price per Restricted Share:

	 	$	 	 
	 

	 	 
	 	 
	 
	 	 	 	 
	Total Purchase Price for all Restricted Shares:

	 	$	 	 
	 

	 	 
	 	 
	 
	 	 	 	 
	Date of Grant:
	 	 	 	 
	 

	 	 	 	 

	 	 	 	 	 
	Vesting Commencement Date:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Vesting Schedule:

	 	Subject to the limitations
set forth in this Notice,
the Plan and the
Restricted Stock Purchase
Agreement, the Restricted
Shares will vest and the
right of repurchase shall
lapse, in whole or in
part, in accordance with
the following schedule:	 	 
	 

	 	[INSERT VESTING SCHEDULE]	 	 

You understand that your employment or consulting relationship with the Company is for an
unspecified duration, can be terminated at any time (i.e., is “at-will”), and that nothing in this
Notice, the Restricted Stock Agreement or the Plan changes the at-will nature of that relationship.
Participant acknowledges that the vesting of the Restricted Shares pursuant to this Notice is
earned only by continuing service as an Employee, Director or Consultant of the Company. You also
understand that this Notice is subject to the terms and conditions of both the Restricted Stock
Agreement and the Plan, both of which are incorporated herein by reference. You have read both the
Restricted Stock Agreement and the Plan. If the Restricted Stock Purchase Agreement is not
executed by you within thirty (30) days of the Date of Grant above, then this grant shall be void.

	 	 	 	 	 	 	 	 	 	 	 
	INTERWOVEN, INC.	 	 	 	RECIPIENT:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	Signature	 	 	 	 
	 

	 	 

	 	 	 	 

	 
	 
	 	 	 	 	 	 	 	 	 	 
	Its:

	 	 	 	 	 	Please Print Name	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 

 

 

INTERWOVEN, INC.

2008 EQUITY INCENTIVE PLAN

RESTRICTED STOCK AGREEMENT

     THIS RESTRICTED STOCK AGREEMENT (this “Agreement”) is made as of                     , 20___ by
and between Interwoven, Inc., a California corporation (the “Company”), and
                                         (“Participant”) pursuant to the Company’s 2008 Equity Incentive
Plan (the “Plan”). Unless otherwise defined herein, the terms defined in the Plan shall have the
same meanings in this Agreement.

     1. Sale of Stock. Subject to the terms and conditions of this Agreement, on the
Purchase Date (as defined below) the Company will issue and sell to Participant, and Participant
agrees to purchase from the Company the number of Shares shown on the Notice of Restricted Stock
Award at a purchase price of $                     per Share. The per Share purchase price of the Shares shall
be not less than the par value of the Shares as of the date of the offer of such Shares to the
Participant. The term “Shares” refers to the purchased Shares and all securities received in
replacement of or in connection with the Shares pursuant to stock dividends or splits, all
securities received in replacement of the Shares in a recapitalization, merger, reorganization,
exchange or the like, and all new, substituted or additional securities or other properties to
which Participant is entitled by reason of Participant’s ownership of the Shares.

     2. Time and Place of Exercise. The purchase and sale of the Shares under this
Agreement shall occur at the principal office of the Company simultaneously with the execution of
this Agreement by the parties, or on such other date as the Company and Participant shall agree
(the “Purchase Date”). On the Purchase Date, the Company will issue in Participant’s name a stock
certificate representing the Shares to be purchased by Participant against payment of the purchase
price therefor by Participant by (a) check made payable to the Company, (b) cancellation of
indebtedness of the Company to Participant, (c) Participant’s personal services that the Committee
has determined have already been rendered to the Company and have a value not less than aggregate
par value of the Shares to be issued Participant, or (d) a combination of the foregoing.

     3. Restrictions on Resale. By signing this Agreement, Participant agrees not to sell
any Shares acquired pursuant to the Plan and this Agreement at a time when applicable laws,
regulations or Company or underwriter trading policies prohibit exercise or sale. This restriction
will apply as long as Participant is providing service to the Company or a Subsidiary of the
Company.

          3.1 Repurchase Right on Termination Other Than for Cause. For the purposes of this
Agreement, a “Repurchase Event” shall mean an occurrence of one of the following:

               (i) termination of Participant’s service, whether voluntary or involuntary and with or without
cause;

               (ii) resignation, retirement or death of Participant; or

               (iii) any attempted transfer by Participant of the Shares, or any interest therein, in
violation of this Agreement.

Upon the occurrence of a Repurchase Event, the Company shall have the right (but not an obligation)
to purchase the Shares of Participant at a price equal to the Purchase Price per Share (the
“Repurchase Right”). The Repurchase Right shall lapse in accordance with the vesting schedule set
forth in the Notice

1

 

of Restricted Stock Award. For purposes of this Agreement, “Unvested Shares”
means Stock pursuant to which the Company’s Repurchase Right has not lapsed.

          3.2 Exercise of Repurchase Right. Unless the Company provides written notice to
Participant within 90 days from the date of termination of Participant’s service to the Company
that the Company does not intend to exercise its Repurchase Right with respect to some or all of the
Unvested Shares, the Repurchase Right shall be deemed automatically exercised by the Company as of
the 90th day following such termination, provided that the Company may notify Participant that it
is exercising its Repurchase Right as of a date prior to such 90th day. Unless Participant is
otherwise notified by the Company pursuant to the preceding sentence that the Company does not
intend to exercise its Repurchase Right as to some or all of the Unvested Shares, execution of this
Agreement by Participant constitutes written notice to Participant of the Company’s intention to
exercise its Repurchase Right with respect to all Unvested Shares to which such Repurchase Right
applies at the time of Termination of Participant. The Company, at its choice, may satisfy its
payment obligation to Participant with respect to exercise of the Repurchase Right by either (A)
delivering a check to Participant in the amount of the purchase price for the Unvested Shares being
repurchased, or (B) in the event Participant is indebted to the Company, canceling an amount of
such indebtedness equal to the purchase price for the Unvested Shares being repurchased, or (C) by
a combination of (A) and (B) so that the combined payment and cancellation of indebtedness equals
such purchase price. In the event of any deemed automatic exercise of the Repurchase Right by
canceling an amount of such indebtedness equal to the purchase price for the Unvested Shares being
repurchased, such cancellation of indebtedness shall be deemed automatically to occur as of the
90th day following termination of Participant’s employment or consulting relationship unless the
Company otherwise satisfies its payment obligations. As a result of any repurchase of Unvested
Shares pursuant to the Repurchase Right, the Company shall become the legal and beneficial owner of
the Unvested Shares being repurchased and shall have all rights and interest therein or related
thereto, and the Company shall have the right to transfer to its own name the number of Unvested
Shares being repurchased by the Company, without further action by Participant.

          3.3 Acceptance of Restrictions. Acceptance of the Shares shall constitute
Participant’s agreement to such restrictions and the legending of his or her certificates with
respect thereto. Notwithstanding such restrictions, however, so long as Participant is the holder
of the Shares, or any portion thereof, he or she shall be entitled to receive all dividends
declared on and to vote the Shares and to all other rights of a stockholder with respect thereto.

          3.4 Non-Transferability of Unvested Shares. In addition to any other limitation on
transfer created by applicable securities laws or any other agreement between the Company and
Participant, Participant may not transfer any Unvested Shares, or any interest therein, unless
consented to in writing by a duly authorized representative of the Company. Any purported transfer
is void and of no effect, and no purported transferee thereof will be recognized as a holder of the
Unvested Shares for any purpose whatsoever. Should such a transfer purport to occur, the Company
may refuse to carry out the transfer on its books, set aside the transfer, or exercise any other
legal or equitable remedy. In the event the Company consents to a transfer of Unvested Shares, all
transferees of Shares or any interest therein will receive and hold such Shares or interest subject
to the provisions of this Agreement, including, insofar as applicable, the Repurchase Right. In
the event of any purchase by the Company hereunder where the Shares or interest are held by a
transferee, the transferee shall be obligated, if requested by the Company, to transfer the Shares
or interest to the Participant for consideration equal to the amount to be paid by the Company
hereunder. In the event the Repurchase Right is deemed exercised by the Company, the Company may
deem any transferee to have transferred the Shares or interest to Participant prior to their
purchase by the Company, and payment of the purchase price by the Company to such transferee shall
be deemed to satisfy Participant’s obligation to pay such transferee for such Shares or interest,
and also to satisfy the Company’s obligation to pay Participant for such Shares or interest.

2

 

          3.5 Assignment. The Repurchase Right may be assigned by the Company in whole or in
part to any persons or organization.

     4. Restrictive Legends and Stop Transfer Orders.

          4.1 Legends. The certificate or certificates representing the Shares shall bear the
following legend (as well as any legends required by applicable state and federal corporate and
securities laws):

THE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE TRANSFERRED ONLY IN
ACCORDANCE WITH THE TERMS OF AN AGREEMENT BETWEEN THE COMPANY AND THE
STOCKHOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE
COMPANY.

          4.2 Stop-Transfer Notices. Participant agrees that, in order to ensure compliance
with the restrictions referred to herein, the Company may issue appropriate “stop transfer”
instructions to its transfer agent, if any, and that, if the Company transfers its own securities,
it may make appropriate notations to the same effect in its own records.

          4.3 Refusal to Transfer. The Company shall not be required (i) to transfer on its
books any Shares that have been sold or otherwise transferred in violation of any of the provisions
of this Agreement or (ii) to treat as the owner or to accord the right to vote or pay dividends to
any purchaser or other transferee to whom such Shares shall have been so transferred.

     5. No Rights as Employee, Director or Consultant. Nothing in this Agreement shall
affect in any manner whatsoever the right or power of the Company, or a Parent or Subsidiary of the
Company, to terminate Participant‘s service, for any reason, with or without cause.

     6. Miscellaneous.

          6.1 Acknowledgement. The Company and Participant agree that the Restricted Shares are
granted under and governed by the Notice, this Agreement and by the provisions of the Plan
(incorporated herein by reference). Participant: (i) acknowledges receipt of a copy of the Plan
and the Plan prospectus, (ii) represents that Participant has carefully read and is familiar with
their provisions, and (iii) hereby accepts the Restricted Shares subject to all of the terms and
conditions set forth herein and those set forth in the Plan and the Notice.

          6.2 Entire Agreement; Enforcement of Rights. This Agreement, the Plan and the Notice
constitute the entire agreement and understanding of the parties relating to the subject matter
herein and supersede all prior discussions between them. Any prior agreements, commitments or
negotiations concerning the purchase of the Shares hereunder are superseded. No modification of or
amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective
unless in writing and signed by the parties to this Agreement. The failure by either party to
enforce any rights under this Agreement shall not be construed as a waiver of any rights of such
party.

          6.3 Compliance with Laws and Regulations. The issuance of Shares will be subject to
and conditioned upon compliance by the Company and Participant with all applicable state and
federal laws and regulations and with all applicable requirements of any stock exchange or
automated quotation system on which the Company’s Common Stock may be listed or quoted at the time
of such issuance or transfer.

3

 

          6.4 Governing Law; Severability. If one or more provisions of this Agreement are held
to be unenforceable under applicable law, the parties agree to renegotiate such provision in good
faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement
for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance
of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance
of this Agreement shall be enforceable in accordance with its terms. This Agreement and all acts
and transactions pursuant hereto and the rights and obligations of the parties hereto shall be
governed, construed and interpreted in accordance with the laws of the State of California, without
giving effect to principles of conflicts of law.

          6.5 Construction. This Agreement is the result of negotiations between and has been
reviewed by each of the parties hereto and their respective counsel, if any; accordingly, this
Agreement shall be
deemed to be the product of all of the parties hereto, and no ambiguity shall be construed in
favor of or against any one of the parties hereto.

          6.6 Notices. Any notice to be given under the terms of the Plan shall be addressed to
the Company in care of its principal office, and any notice to be given to the Participant shall be
addressed to such Participant at the address maintained by the Company for such person or at such
other address as the Participant may specify in writing to the Company.

          6.7 Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall he deemed an original and all of which together shall constitute one instrument.

          6.8 U.S. Tax Consequences. Upon vesting of Shares, Participant will include in
taxable income the difference between the fair market value of the vesting Shares, as determined on
the date of their vesting, and the price paid for the Shares. This will be treated as ordinary
income by Participant and will be subject to withholding by the Company when required by applicable
law. In the absence of an Election (defined below), the Company shall withhold a number of vesting
Shares with a fair market value (determined on the date of their vesting) equal to the minimum
amount the Company is required to withhold for income and employment taxes. If Participant makes an
Election, then Participant must, prior to making the Election, pay in cash (or check) to the
Company an amount equal to the amount the Company is required to withhold for income and employment
taxes.

     7. Section 83(b) Election. Participant hereby acknowledges that he or she has been
informed that, with respect to the purchase of the Shares, an election may be filed by the
Participant with the Internal Revenue Service, within 30 days of the purchase of the Shares,
electing pursuant to Section 83(b) of the Code to be taxed currently on any difference between the
purchase price of the Shares and their Fair Market Value on the date of purchase (the “Election”).
Making the Election will result in recognition of taxable income to the Participant on the date of
purchase, measured by the excess, if any, of the Fair Market Value of the Shares over the purchase
price for the Shares. Absent such an Election, taxable income will be measured and recognized by
Participant at the time or times on which the Company’s Repurchase Right lapses. Participant is
strongly encouraged to seek the advice of his or her own tax consultants in connection with the
purchase of the Shares and the advisability of filing of the Election. PARTICIPANT ACKNOWLEDGES
THAT IT IS SOLELY PARTICIPANT’S RESPONSIBILITY, AND NOT THE COMPANY’S RESPONSIBILITY, TO TIMELY
FILE THE

ELECTION UNDER SECTION 83(b) OF THE CODE, EVEN IF PARTICIPANT REQUESTS THE COMPANY, OR ITS
REPRESENTATIVE, TO MAKE THIS FILING ON PARTICIPANT’S BEHALF.

4

 

     The parties have executed this Agreement as of the date first set forth above.

	 	 	 	 	 	 	 
	 	 	INTERWOVEN, INC.
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Its:	 	 	 	 
	 

	 	 	 	 

	 	 

	 	 	 	 	 	 	 	 	 
	 	 	RECIPIENT:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Signature	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Please Print Name	 	 	 	 
	 

	 	 	 	 	 	 

	 	 

5

 

RECEIPT AND CONSENT

     The undersigned Participant hereby acknowledges receipt of a photocopy of Certificate No.
-                    
for                     
                     shares of Common Stock of Interwoven,
Inc. (the “Company”)

     The undersigned further acknowledges that the Secretary of the Company, or his or her
designee, is acting as escrow holder pursuant to the Restricted Stock Agreement that Participant
has previously entered into with the Company. As escrow holder, the Secretary of the Company, or
his or her designee, holds the original of the aforementioned certificate issued in the
undersigned’s name. To facilitate any transfer of Shares to the Company pursuant to the Restricted
Stock Agreement, Participant has executed the attached Assignment Separate from Certificate.

Dated:                                         , 20____

	 	 	 	 	 
	Signature
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Please Print Name
	 

	 	 

	 	 

 

 

STOCK POWER AND ASSIGNMENT

SEPARATE FROM STOCK CERTIFICATE

     FOR VALUE RECEIVED and pursuant to that certain Restricted Stock Agreement dated as of
                                        , ___, [COMPLETE AT THE TIME OF PURCHASE] (the “Agreement”), the undersigned
Participant hereby sells, assigns and transfers unto
                    
                    ,
___ shares
of the Common Stock $0.001, par value per share, of Interwoven, Inc., a California corporation (the
“Company”), standing in the undersigned’s name on the books of the Company represented by
Certificate No(s). ___ [COMPLETE AT THE TIME OF PURCHASE] delivered herewith, and does hereby
irrevocably constitute and appoint the Secretary of the Company as the undersigned’s
attorney-in-fact, with full power of substitution, to transfer said stock on the books of the
Company. THIS ASSIGNMENT MAY ONLY BE USED AS AUTHORIZED BY THE AGREEMENT AND ANY EXHIBITS THERETO.

Dated:                                         , ___

	 	 	 	 	 
	 

	 	PARTICIPANT	 	 
	 
	 	 	 	 
	 

	 	 

(Signature)
	 	 
	 
	 	 	 	 
	 

	 	 

(Please Print Name)
	 	 

Instructions to Participant: Please do not fill in any blanks other than the signature
line. The purpose of this document is to enable the Company and/or its assignee(s) to acquire the
shares upon exercise of its “Repurchase Right” set forth in the Agreement without requiring
additional action by the Participant.

 

 

INTERWOVEN, INC.

2008 EQUITY INCENTIVE PLAN

NOTICE OF STOCK BONUS AWARD

GRANT NUMBER:                     

Unless otherwise defined herein, the terms defined in the Company’s
2008 Equity Incentive Plan (the
“Plan”) shall have the same meanings in this Notice of Stock Bonus Award (the “Notice”).

	 	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:	 	 	 	 
	 

	 	 	 	 

	 	 

You (“ Participant”) have been granted an award of Shares under the Plan subject to the terms and
conditions of the Plan, this Notice, and the attached Stock Bonus Award Agreement (the “Stock Bonus
Agreement”) to the Plan.

	 	 	 	 	 	 	 
	 

	 	Number of Shares:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Date of Grant:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Vesting Commencement Date:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 	 	Expiration Date:	 	The date on which all the Shares granted hereunder become vested,

with earlier expiration upon the Termination Date
	 
	 	 	 	 	 	 
	 	 	Vesting Schedule:	 	Subject to the limitations set forth in this Notice, the Plan and
the Stock Bonus Agreement, the Shares will vest in accordance with the following
schedule: [INSERT VESTING SCHEDULE]

You understand that your employment or consulting relationship or service with the Company is for
an unspecified duration, can be terminated at any time (i.e., is “at-will”), and that nothing in
this Notice, the Stock Bonus Agreement or the Plan changes the at-will nature of that relationship.
You acknowledge that the vesting of the Shares pursuant to this Notice is earned only by
continuing service as an Employee, Director or Consultant of the Company (to the vesting applies).
Participant also understands that this Notice is subject to the terms and conditions of both the
Stock Bonus Agreement and the Plan, both of which are incorporated herein by reference.
Participant has read both the Stock Bonus Agreement and the Plan.

	 	 	 	 	 	 	 	 	 	 	 
	PARTICIPANT	 	 	 	INTERWOVEN, INC.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Signature:

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 

	 	 
	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Print Name:

	 	 	 	 	 	Its:	 	 	 	 
	 

	 	 

	 	 
	 	 	 	 

	 	 

 

 

INTERWOVEN, INC.

STOCK BONUS AWARD AGREEMENT

INTERWOVEN, INC. 2008 EQUITY INCENTIVE PLAN

Unless otherwise defined herein, the terms defined in the Company’s 2008 Equity Incentive Plan
(the “Plan”) shall have the same defined meanings in this Stock Bonus Agreement (the “Agreement”).

You have been granted a Stock Bonus Award (“Stock Bonus Award”) subject to the terms,
restrictions and conditions of the Plan, the Notice of Stock Bonus Award (the “Notice”) and this
Agreement.

1. Issuance. Stock Bonus Awards shall be issued in Shares, and the Company’s transfer
agent shall record ownership of such Shares in Participant’s name as soon as reasonably
practicable.

2. Stockholder Rights. Participant shall have no right to dividends or to vote Shares
until Participant is recorded as the holder of such Shares on the stock records of the Company and
its transfer agent.

3. No-Transfer. Unvested Shares, and unvested Stock Bonus Awards, and any interest in
either shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of by
Participant or any person whose interest derives from Participant’s interest. “Unvested Shares”
are Shares that have not yet vested pursuant to the terms of the vesting schedule set forth in the
Notice.

4. Termination. Upon Participant’s Termination for any reason, all Unvested Shares shall
immediately be forfeited to the Company, and all rights of Participant to such Unvested Shares
shall immediately terminate as of Participant’s Termination Date. In case of any dispute as to
whether Termination has occurred, the Committee shall have sole discretion to determine whether
such Termination has occurred and the effective date of such Termination.

5. U.S. Tax Consequences. Upon vesting of Shares, Participant will include in taxable
income the difference between the fair market value of the vesting Shares, as determined on the
date of their vesting, and the price paid for the Shares. This will be treated as ordinary income
by Participant and will be subject to withholding by the Company when required by applicable law.
Before any Shares subject to this Agreement are issued the Company shall withhold a number of
Shares with a fair market value (determined on the date the Shares are issued) equal to the minimum
amount the Company is required to withhold for income and employment taxes. Upon disposition of
the Shares, any subsequent increase or decrease in value will be treated as short-term or long-term
capital gain or loss, depending on whether the Shares are held for more than one year from the date
of settlement.

6. Acknowledgement. The Company and Participant agree that the Stock Bonus Award is
granted under and governed by the Notice, this Agreement and by the provisions of the Plan
(incorporated herein by reference). Participant: (i) acknowledges receipt of a copy of the Plan
and the Plan prospectus, (ii) represents that Participant has carefully read and is familiar with
their provisions, and (iii) hereby accepts the Stock Bonus Award subject to all of the terms and
conditions set forth herein and those set forth in the Plan, this Agreement and the Notice.

7. Entire Agreement; Enforcement of Rights. This Agreement, the Plan and the Notice
constitute the entire agreement and understanding of the parties relating to the subject matter
herein and supersede all prior discussions between them. Any prior agreements, commitments or
negotiations concerning the purchase of the Shares hereunder are superseded. No modification of or
amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective
unless in writing and signed by the parties to this Agreement. The failure by either party to
enforce any rights under this Agreement shall not be construed as a waiver of any rights of such
party.

 

 

8. Compliance with Laws and Regulations. The issuance of Shares will be subject to and
conditioned upon compliance by the Company and Participant with all applicable state and federal
laws and regulations and with all applicable requirements of any stock exchange or automated quotation system on which the
Company’s Common Stock may be listed or quoted at the time of such issuance or transfer.

9. Governing Law; Severability. If one or more provisions of this Agreement are held to be
unenforceable under applicable law, the parties agree to renegotiate such provision in good faith.
In the event that the parties cannot reach a mutually agreeable and enforceable replacement for
such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of
this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of
this Agreement shall be enforceable in accordance with its terms. This Agreement and all acts and
transactions pursuant hereto and the rights and obligations of the parties hereto shall be
governed, construed and interpreted in accordance with the laws of the State of California, without
giving effect to principles of conflicts of law.

10. No Rights as Employee, Director or Consultant. Nothing in this Agreement shall affect
in any manner whatsoever the right or power of the Company, or a Parent or Subsidiary, to terminate
Purchaser‘s service, for any reason, with or without cause.

     By your signature and the signature of the Company’s representative on the Notice, Participant
and the Company agree that this Stock Bonus Award is granted under and governed by the terms and
conditions of the Plan, the Notice and this Agreement. Participant has reviewed the Plan, the
Notice and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel
prior to executing this Agreement, and fully understands all provisions of the Plan, the Notice and
this Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions
or interpretations of the Committee upon any questions relating to the Plan, the Notice and this
Agreement. Participant further agrees to notify the Company upon any change in Participant’s
residence address.

 

 

INTERWOVEN, INC.
2008 EQUITY INCENTIVE PLAN

NOTICE OF STOCK APPRECIATION RIGHT AWARD

GRANT NUMBER:                     

Unless otherwise defined herein, the terms defined in the Company’s 2008 Equity Incentive Plan (the
“Plan”) shall have the same meanings in this Notice of Stock Appreciation Right Award (the
“Notice”).

	 	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Address:	 	 	 	 
	 

	 	 	 	 

	 	 

You (“Participant”) have been granted an award of Stock Appreciation Rights (“SARs”) under the
Plan subject to the terms and conditions of the Plan, this Notice and the attached Stock
Appreciation Right Award Agreement (hereinafter “SAR Agreement”).

	 	 	 	 	 	 	 
	 

	 	Number of SARs:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Maximum Number of Shares Issuable:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Date of Grant:	 	 	 	 
	 
	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Fair Market Value of a Share on Date of Grant:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Vesting Commencement Date:	 	 	 	 
	 

	 	 	 	 

	 	 
	 	 	Expiration Date:	 	The date on which settlement of all SARs granted hereunder occurs, with
earlier expiration upon the Termination Date
	 
	 	 	 	 	 	 
	 	 	Vesting Schedule:	 	Subject to the limitations set forth in this Notice, the Plan and the SAR
Agreement, the SARs will vest in accordance with the following schedule: [INSERT
VESTING SCHEDULE]

You understand that your employment or consulting relationship or service with the Company is for
an unspecified duration, can be terminated at any time (i.e., is “at-will”), and that nothing in
this Notice, the SAR Agreement or the Plan changes the at-will nature of that relationship. You
acknowledge that the vesting of the SARs pursuant to this Notice is earned only by continuing
service as an Employee, Director or Consultant of the Company. Participant also understands that
this Notice is subject to the terms and conditions of both the SAR Agreement and the Plan, both of
which are incorporated herein by reference. Participant has read both the SAR Agreement and the
Plan.

	 	 	 	 	 	 	 	 	 	 	 
	PARTICIPANT	 	 	 	INTERWOVEN, INC.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Signature:

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 

	 	 
	 	 	 	 

	 	 
	Print Name:

	 	 	 	 	 	Its:	 	 	 	 
	 

	 	 

	 	 
	 	 	 	 

	 	 

1

 

INTERWOVEN, INC.

STOCK APPRECIATION RIGHT AWARD AGREEMENT TO THE

INTERWOVEN, INC. 2008 EQUITY INCENTIVE PLAN

Unless otherwise defined herein, the terms defined in the Company’s 2008 Equity Incentive Plan
(the “Plan”) shall have the same meanings in this Stock Appreciation Right Award Agreement (the
“Agreement”).

You have been granted Stock Appreciation Rights (“SARs”) subject to the terms and conditions
of the Plan, the Notice of Stock Appreciation Right Award (the “Notice”) and this Agreement.

1. Settlement. Settlement of SARs shall be made within 30 days following the applicable
date of vesting under the vesting schedule set forth in the Notice. Settlement of SARs shall be in
Shares, except no fractional shares will be issued in settlement of SARs. Any amounts attributable
to a fractional share will be settled in cash.

2. No Stockholder Rights. Unless and until such time as Shares are issued in settlement
of SARs, Participant shall have no ownership of the Shares allocated to the SARs and shall have no
right to vote such Shares, subject to the terms, conditions and restrictions described in the Plan
and herein.

3. Dividend Equivalents. Dividends, if any (whether in cash or Shares), shall not be
credited to Participant.

4. No Transfer. The SARs and any interest therein shall not be sold, assigned,
transferred, pledged, hypothecated or otherwise disposed of.

5. Termination. If Participant’s continuous service to the Company or any of its
subsidiaries shall terminate for any reason, all unvested SARs shall be forfeited to the Company
forthwith, and all rights of Participant to such SARs shall immediately terminate. Vested SARs
shall be treated in accordance with Section 5 of the Plan regarding exercisability of vested
Options. In case of any dispute as to whether Termination has occurred, the Committee shall have
sole discretion to determine whether such Termination has occurred and the effective date of such
Termination.

6. U.S. Tax Consequences. Participant acknowledges that there will be tax consequences
upon settlement of the SARs or disposition of the Shares, if any, received in connection therewith,
and Participant should consult a tax adviser prior to such settlement or disposition. Applicable
minimum withholding taxes shall be satisfied by the Company by withholding the applicable number of
Shares otherwise deliverable upon settlement of the SAR in accordance with rules and procedures
established by the Committee. There is no tax event upon granting of an SAR. Upon settlement of
the SAR, Participant will include in income the fair market value of the Shares subject to the
Shares payable in accordance with settlement of the SAR. The included amount will be treated as
ordinary income by Participant and will be subject to withholding by the Company. Upon disposition
of the Shares, any subsequent increase or decrease in value will be treated as short-term or
long-term capital gain or loss, depending on whether the Shares are held greater than one year from
the date of settlement.

7. Acknowledgement. The Company and Participant agree that the SARs are granted under and
governed by the Notice, this Agreement and the provisions of the Plan. Participant: (i)
acknowledges receipt of a copy of the Plan and the Plan prospectus, (ii) represents that
Participant has carefully read and is familiar with their provisions, and (iii) hereby accepts the
SARs subject to all of the terms and conditions set forth herein and those set forth in the Plan
and the Notice.

8. Entire Agreement; Enforcement of Rights. This Agreement, the Plan and the Notice
constitute the entire agreement and understanding of the parties relating to the subject matter
herein and supersede all prior discussions between them. Any prior agreements, commitments or
negotiations concerning the purchase of the Shares hereunder are superseded. No modification of or
amendment to this Agreement, nor any waiver of any

1

 

rights under this Agreement, shall be effective
unless in writing and signed by the parties to this Agreement. The failure by either party to enforce any rights under this Agreement shall not be construed as a
waiver of any rights of such party.

9. Compliance with Laws and Regulations. The issuance of Shares will be subject to and
conditioned upon compliance by the Company and Participant with all applicable state and federal
laws and regulations and with all applicable requirements of any stock exchange or automated
quotation system on which the Company’s Common Stock may be listed or quoted at the time of such
issuance or transfer.

10. Governing Law; Severability. If one or more provisions of this Agreement are held to
be unenforceable under applicable law, the parties agree to renegotiate such provision in good
faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement
for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance
of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance
of this Agreement shall be enforceable in accordance with its terms. This Agreement and all acts
and transactions pursuant hereto and the rights and obligations of the parties hereto shall be
governed, construed and interpreted in accordance with the laws of the State of California, without
giving effect to principles of conflicts of law.

     11. No Rights as Employee, Director or Consultant. Nothing in this Agreement shall affect
in any manner whatsoever the right or power of the Company, or a Parent or Subsidiary of the
Company, to terminate Purchaser‘s employment or consulting relationship, for any reason,
with or without cause.

     By your signature and the signature of the Company’s representative on the Notice, Participant
and the Company agree that this SAR is granted under and governed by the terms and conditions of
the Plan, the Notice and this Agreement. Participant has reviewed the Plan, the Notice and this
Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to
executing this Agreement, and fully understands all provisions of the Plan, the Notice and this
Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or
interpretations of the Committee upon any questions relating to the Plan, the Notice and this
Agreement. Participant further agrees to notify the Company upon any change in Participant’s
residence address.

2

 

INTERWOVEN, INC.

2008 EQUITY INCENTIVE PLAN

NOTICE OF RESTRICTED STOCK UNIT AWARD

GRANT NUMBER:                     

Unless otherwise defined herein, the terms defined in the Company’s 2008 Equity Incentive Plan (the
“Plan”) shall have the same meanings in this Notice of Restricted Stock Unit Award (the “Notice”).

	 	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:	 	 	 	 
	 

	 	 	 	 

	 	 

You (“Participant”) have been granted an award of Restricted Stock Units (“RSUs”) under the
Plan subject to the terms and conditions of the Plan, this Notice and the attached Award Agreement
(Restricted Stock Units) (hereinafter “RSU Agreement”).

	 	 	 	 	 	 	 
	 

	 	Number of RSUs:	 	 	 	 
	 

	 	 	 	 
 	 	 
	 
	 	 	 	 	 	 
	 

	 	Date of Grant:	 	 	 	 
	 

	 	 	 	 
 	 	 
	 
	 	 	 	 	 	 
	 

	 	Vesting Commencement Date:	 	 	 	 
	 

	 	 	 	 
 	 	 
	 
	 	 	 	 	 	 
	 	 	Expiration Date:	 	The date on which settlement of all RSUs granted hereunder occurs, with
earlier expiration upon the Termination Date
	 
	 	 	 	 	 	 
	 	 	Vesting Schedule:	 	Subject to the limitations set forth in this Notice, the Plan and the
RSU Agreement, the RSUs will vest in accordance with the following schedule:
[INSERT VESTING SCHEDULE]

You understand that your employment or consulting relationship or service with the Company is for
an unspecified duration, can be terminated at any time (i.e., is “at-will”), and that nothing in
this Notice, the RSU Agreement or the Plan changes the at-will nature of that relationship. You
acknowledge that the vesting of the RSUs pursuant to this Notice is earned only by continuing
service as an Employee, Director or Consultant of the Company. You also understand that this
Notice is subject to the terms and conditions of both the RSU Agreement and the Plan, both of which
are incorporated herein by reference. Participant has read both the RSU Agreement and the Plan.

	 	 	 	 	 	 	 	 	 	 	 
	PARTICIPANT	 	 	 	INTERWOVEN, INC.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Signature:

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 

	 	 
	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Print Name:

	 	 	 	 	 	Its:	 	 	 	 
	 

	 	 

	 	 
	 	 	 	 

	 	 

 

 

INTERWOVEN, INC.

AWARD AGREEMENT (RESTRICTED STOCK UNITS) TO THE

INTERWOVEN, INC. 2008 EQUITY INCENTIVE PLAN

     Unless otherwise defined herein, the terms defined in the Company’s 2008 Equity Incentive Plan
(the “Plan”) shall have the same defined meanings in this Award Agreement (Restricted Stock Units)
(the “Agreement”).

You have been granted Restricted Stock Units (“RSUs”) subject to the terms, restrictions and
conditions of the Plan, the Notice of Restricted Stock Unit Award (the “Notice”) and this
Agreement.

1. Settlement. Settlement of RSUs shall be made within 30 days following the applicable
date of vesting under the vesting schedule set forth in the Notice. Settlement of RSUs shall be in
Shares.

2. No Stockholder Rights. Unless and until such time as Shares are issued in settlement
of vested RSUs, Participant shall have no ownership of the Shares allocated to the RSUs and shall
have no right dividends or to vote such Shares.

3. Dividend Equivalents. Dividends, if any (whether in cash or Shares), shall not be
credited to Participant.

4. No Transfer. The RSUs and any interest therein shall not be sold, assigned,
transferred, pledged, hypothecated, or otherwise disposed of.

5. Termination. If Participant’s service Terminates for any reason, all unvested RSUs
shall be forfeited to the Company forthwith, and all rights of Participant to such RSUs shall
immediately terminate. In case of any dispute as to whether Termination has occurred, the
Committee shall have sole discretion to determine whether such Termination has occurred and the
effective date of such Termination.

6. U.S. Tax Consequences. Participant acknowledges that there will be tax consequences
upon settlement of the RSUs or disposition of the Shares, if any, received in connection therewith,
and Participant should consult a tax adviser regarding Participant’s tax obligations prior to such
settlement or disposition. Upon vesting of the RSU, Participant will include in income the fair
market value of the Shares subject to the RSU. The included amount will be treated as ordinary
income by Participant and will be subject to withholding by the Company when required by applicable
law. Before any Shares subject to this Agreement are issued the Company shall withhold a number of
Shares with a fair market value (determined on the date the Shares are issued) equal to the minimum
amount the Company is required to withhold for income and employment taxes. Upon disposition of
the Shares, any subsequent increase or decrease in value will be treated as short-term or long-term
capital gain or loss, depending on whether the Shares are held for more than one year from the date
of settlement. Further, an RSU may be considered a deferral of compensation that may be subject to
Section 409A of the Code. Section 409A of the Code imposes special rules to the timing of making
and effecting certain amendments of this RSU with respect to distribution of any deferred
compensation. You should consult your personal tax advisor for more information on the actual and
potential tax consequences of this RSU.

7. Acknowledgement. The Company and Participant agree that the RSUs are granted under and
governed by the Notice, this Agreement and the provisions of the Plan. Participant: (i)
acknowledges receipt of a copy of the Plan and the Plan prospectus, (ii) represents that
Participant has carefully read and is familiar with their provisions, and (iii) hereby accepts the
RSUs subject to all of the terms and conditions set forth herein and those set forth in the Plan
and the Notice.

8. Entire Agreement; Enforcement of Rights. This Agreement, the Plan and the Notice
constitute the entire agreement and understanding of the parties relating to the subject matter
herein and supersede all prior discussions between them. Any prior agreements, commitments or
negotiations concerning the purchase of the

 

Shares hereunder are superseded. No modification of or amendment to this Agreement,
nor any waiver of any rights under this Agreement, shall be effective unless in writing and signed
by the parties to this Agreement. The failure by either party to enforce any rights under this
Agreement shall not be construed as a waiver of any rights of such party.

9. Compliance with Laws and Regulations. The issuance of Shares will be subject to and
conditioned upon compliance by the Company and Participant with all applicable state and federal
laws and regulations and with all applicable requirements of any stock exchange or automated
quotation system on which the Company’s Common Stock may be listed or quoted at the time of such
issuance or transfer.

10. Governing Law; Severability. If one or more provisions of this Agreement are held to
be unenforceable under applicable law, the parties agree to renegotiate such provision in good
faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement
for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance
of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance
of this Agreement shall be enforceable in accordance with its terms. This Agreement and all acts
and transactions pursuant hereto and the rights and obligations of the parties hereto shall be
governed, construed and interpreted in accordance with the laws of the State of California, without
giving effect to principles of conflicts of law.

11. No Rights as Employee, Director or Consultant. Nothing in this Agreement shall affect
in any manner whatsoever the right or power of the Company, or a Parent or Subsidiary of the
Company, to terminate Participant‘s service, for any reason, with or without cause.

     By your signature and the signature of the Company’s representative on the Notice, Participant
and the Company agree that this RSU is granted under and governed by the terms and conditions of
the Plan, the Notice and this Agreement. Participant has reviewed the Plan, the Notice and this
Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to
executing this Agreement, and fully understands all provisions of the Plan, the Notice and this
Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or
interpretations of the Committee upon any questions relating to the Plan, the Notice and this
Agreement. Participant further agrees to notify the Company upon any change in Participant’s
residence address.

 

 

Explanatory Note

The following form of Non-Standard Stock Option Award Agreement (“Non-Standard Option”) issued
under the Interwoven, Inc. 2008 Equity Incentive Plan represents three forms of Non-Standard
Option. Pursuant to the second instruction of the Instructions to 601 under Item 601(a) of
Regulation S-K, the Registrant has filed only one form of Non-Standard Option and notes that the
three forms differ only with respect to the terms used following the first sentence in Section 1,
each version of which is provided below.

Alternative 1:

Notwithstanding the provisions of the preceding sentence, however, if there is a Sale of the
Company and Participant’s employment is terminated by the Company or its successor without Cause in
connection with the Sale of the Company, then upon such termination the Option will become vested
as to an additional number of Unvested Shares equal to fifty percent (50%) of the Shares that were
Unvested Shares at the closing of the Sale of the Company.

     For purposes of this vesting acceleration provisions, “Cause” means (i) willfully engaging in
gross misconduct that is materially and demonstrably injurious to the Company; (ii) willful act or
acts of dishonesty undertaken by Participant and intended to result in substantial gain or personal
enrichment for Participant at the expense of the Company; or (iii) willful and continued failure to
substantially perform Participant’s duties with the Company or its successor (other than incapacity
due to physical or mental illness); provided that the action or conduct described in clause (iii)
above will constitute “Cause” only if such failure continues after the Board of Directors has
provided Participant with a written demand for substantial performance setting forth in detail the
specify respects in which it believes Participant has willfully and not substantially performed his
duties thereof and a reasonable opportunity (to be not less than 30 days) to cure the same. For
such purpose, a termination by the Company without Cause includes a termination of employment by
Participant within 30 days following any of the following events: (x) the assignment of any duties
to Participant inconsistent with, or reflecting a materially adverse change in, Participant’s
position, duties or responsibilities with the Company (or any successor) without Participant’s
concurrence; or (y) the relocation of the Company’s principal executive offices, or relocating
Participant’s principal place of business, in excess of fifty (50) miles from the Company’s current
executive offices located in Sunnyvale, California. For purposes of the vesting acceleration
provisions of paragraph (b), the term “Sale of the Company” means (i) the sale or other disposition
of all or substantially all of the assets of the Company, or (ii) the acquisition of the Company by
another entity by means of consolidation, corporate reorganization or merger, or other transaction
or series of related transactions in which more than fifty percent (50%) of the outstanding voting
power of the Company is transferred.

Alternative 2:

Notwithstanding the provisions of the Plan, the preceding sentence, or the Notice of Grant
regarding the rate at which this Option shall vest, in the event that there is a Sale of the
Company, the Option will become vested as to any Unvested Shares. In addition, the lapsing of the
sale and transfer restrictions applicable to this Option will be released as to all of the shares
covered by this Option that are subject to such restrictions at the closing of the Sale of the
Company. For purposes of this Section 1, the term “Sale of the Company” means (i) the sale or
other disposition of all or substantially all of the assets of the Company, or (ii) the acquisition
of the Company by another entity by means of consolidation, corporate reorganization or merger, or
other transaction or series of related transactions in which more than fifty percent (50%) of the
outstanding voting power of the Company is transferred.

Alternative 3:

Notwithstanding the provisions of the Plan, the preceding sentence, or the Notice of Grant
regarding the rate at which this Option shall vest, in the event that there is a Sale of the
Company and Participant’s employment is terminated by the Company, or its successor, without Cause
in connection with the Sale of the Company, then upon such termination the Option will become
vested as to an additional number of Unvested Shares equal to the greater of (i) 50% of the shares
that were Unvested Shares under such equity award at the closing of the Sale of the Company, and
(ii) the number of shares scheduled to be vested under this Option as of the nine (9) month
anniversary of the date of termination of your employment with the Company had you remained
employed through such date (but treating any cliff vesting or other non-monthly vesting as
occurring in ratable increments on a monthly basis). In addition, the lapsing of the sale and
transfer restrictions applicable to this Option will be released as to 50% of the shares covered by
this Option that are subject to such restrictions at the closing of the Sale of the Company or, if
greater, the number of shares covered by such option that are scheduled to be released from such
restrictions during the nine (9) months immediately following the date of termination. For
purposes of this Section 1, “Cause” means (i) willfully engaging in gross misconduct that is
materially and demonstrably injurious to the Company; (ii) willful act or acts of dishonesty
undertaken by Participant and intended to result in substantial gain or personal enrichment for
Participant at the expense of the Company; or (iii) willful and continued failure to substantially
perform Participant’s duties with the Company or its successor (other than incapacity due to
physical or mental illness); provided that the action or conduct described in clause (iii) above
will constitute “Cause” only if such failure continues after the Board of Directors has provided
Participant with a written demand for substantial
performance setting forth in detail the specific respects in which it believes Participant has
willfully and not substantially performed his duties thereof and a reasonable opportunity (to be
not less than thirty (30) days) to cure the same. For such purpose, a termination by the Company
without Cause includes a termination of employment by Participant within thirty (30) days following
any of the following events: (x) the assignment of any duties to Participant inconsistent with, or
reflecting a materially adverse change in, Participant’s position, duties or responsibilities with
the Company (or any successor) without Participant’s concurrence; or (y) the relocation of the
Company’s principal executive offices, or relocating Participant’s principal place of business, in
excess of fifty (50) miles from the Company’s current executive offices located in Sunnyvale,
California. For purposes of this Section 1, the term “Sale of the Company” means (i) the sale or
other disposition of all or substantially all of the assets of the Company, or (ii) the acquisition
of the Company by another entity by means of consolidation, corporate reorganization or merger, or
other transaction or series of related transactions in which more than fifty percent (50%) of the
outstanding voting power of the Company is transferred.

INTERWOVEN, INC.

STOCK OPTION AWARD AGREEMENT

2008 EQUITY INCENTIVE PLAN

(Non Standard)

Unless otherwise defined in this Stock Option Award Agreement (the “Agreement”), any capitalized
terms used herein shall have the meaning ascribed to them in the Company’s 2008 Equity Incentive
Plan (the “Plan”).

     Participant has been granted an option to purchase Shares (the “Option”), subject to the terms
and conditions of the Plan, the Notice of Stock Option Grant (the “Notice”) and this Agreement.

     1. Vesting Rights. Subject to the applicable provisions of the Plan and this
Agreement, this Option may be exercised, in whole or in part, in accordance with the schedule set
forth in the Notice.

     [ACCELERATION OF VESTING PROVISIONS]

     2. Termination Period.

          (a) General Rule. Except as provided below, and subject to the Plan, this Option may
be exercised for 3 months after termination of Participant’s employment with the Company. In no
event shall this Option be exercised later than the Expiration Date set forth in the Notice.

          (b) Death; Disability. Unless provided otherwise in the Notice, upon the termination
of Participant’s service to the Company by reason of his or her Disability or death, or if a
Participant dies within three months of the Termination Date, this Option may be exercised for
twelve months, provided that in no event shall this Option be exercised later than the Expiration
Date set forth in the Notice.

          (c) Cause. Upon the termination of Participant’s employment by the Company for Cause,
the Option shall expire on such date of Participant’s Termination Date.

     3. Grant of Option. The Participant named in the Notice has been granted an Option
for the number of Shares set forth in the Notice at the exercise price per Share set forth in the
Notice (the “Exercise Price”). In the event of a conflict between the terms and conditions of the
Plan and the terms and conditions of this Agreement, the terms and conditions of the Plan shall
prevail. If designated in the Notice as an Incentive Stock Option (“ISO”), this Option is intended
to qualify as an Incentive Stock Option under Section 422 of the Code. However, if this Option is
intended to be an ISO, to the extent that it exceeds the $100,000 rule of Code Section 422(d) it
shall be treated as a Non-Qualified Stock Option (“NSO”).

     4. Exercise of Option.

          (a) Right to Exercise. This Option is exercisable during its term in accordance with
the Vesting Schedule set forth in the Notice and the applicable provisions of the Plan and this
Agreement. In the event of Participant’s death, Disability, Termination for Cause or other
Termination, the exercisability of the Option is governed by the applicable provisions of the Plan,
the Notice and this Agreement.

          (b) Method of Exercise. This Option is exercisable by delivery of an exercise notice
(the “Exercise Notice”), which shall state the election to exercise the Option, the number of
Shares in respect of which the Option is being exercised (the “Exercised Shares”), and such other
representations and agreements as may be required by the Company pursuant to the provisions of the
Plan. The Exercise Notice shall be delivered in person, by mail, via electronic mail or facsimile
or by other authorized method to the Secretary of the Company or other person designated by the
Company. The Exercise Notice shall be accompanied by payment of the aggregate Exercise Price as to
all Exercised Shares. This Option shall be deemed to be exercised upon receipt by the Company of
such fully executed Exercise Notice accompanied by such aggregate Exercise Price.

 

 

          (c) No Shares shall be issued pursuant to the exercise of this Option unless such issuance and
exercise complies with all relevant provisions of law and the requirements of any stock exchange or
quotation service upon which the Shares are then listed. Assuming such compliance, for income tax
purposes the Exercised Shares shall be considered transferred to the Participant on the date the
Option is exercised with respect to such Exercised Shares.

     5. Method of Payment. Payment of the aggregate Exercise Price shall be by any of the
following, or a combination thereof, at the election of the Participant:

          (a) cash;

          (b) check;

          (c) a “broker-assisted” or “same-day sale” (as described in Section 11(d) of the Plan); or

          (d) any other method authorized by the Company.

     6. Non-Transferability of Option. This Option may not be transferred in any manner
other than by will or by the laws of descent or distribution or court order and may be exercised
during the lifetime of Participant only by the Participant unless otherwise permitted by the
Committee on a case-by-case basis. The terms of the Plan and this Agreement shall be binding upon
the executors, administrators, heirs, successors and assigns of the Participant.

     7. Term of Option. This Option shall in any event expire on the expiration date set
forth in the Notice of Stock Option Grant, which date is 10 years after the Date of Grant (five
years after the Date of Grant if this option is designated as an ISO in the Notice of Stock Option
Grant and Section 5.3 of the Plan applies).

     8. U.S. Tax Consequences. For Participants subject to U.S. income tax, some of the
federal tax consequences relating to this Option, as of the date of this Option, are set forth
below. All other Participants should consult a tax advisor for tax consequences relating to this
Option in their respective jurisdiction. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS
AND REGULATIONS ARE SUBJECT TO CHANGE. THE PARTICIPANT SHOULD CONSULT A TAX ADVISER BEFORE
EXERCISING THIS OPTION OR DISPOSING OF THE SHARES.

          (a) Exercising the Option.

               (i) Non-Qualified Stock Option. The Participant may incur federal ordinary income tax
liability upon exercise of a NSO. The Participant will be treated as having received compensation
income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value
of the Exercised Shares on the date of exercise over their aggregate Exercise Price. If the
Participant is an Employee or a former Employee, the Company will be required to withhold from his
or her compensation an amount equal to the minimum amount the Company is required to withhold for
income and employment taxes or collect from Participant and pay to the applicable taxing
authorities an amount in cash equal to a percentage of this compensation income at the time of
exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding
amounts are not delivered at the time of exercise.

               (ii) Incentive Stock Option. If this Option qualifies as an ISO, the Participant will
have no regular federal income tax liability upon its exercise, although the excess, if any, of the
aggregate Fair Market Value of the Exercised Shares on the date of exercise over their aggregate
Exercise Price will be treated as an adjustment to alternative minimum taxable income for federal
tax purposes and may subject the Participant to alternative minimum tax in the year of exercise.

 

 

          (b) Disposition of Shares.

               (i) NSO. If the Participant holds NSO Shares for at least one year, any gain realized
on disposition of the Shares will be treated as long-term capital gain for federal income tax
purposes.

               (ii) ISO. If the Participant holds ISO Shares for at least one year after exercise
and two years after the grant date, any gain realized on disposition of the Shares will be treated
as long-term capital gain for federal income tax purposes. If the Participant disposes of ISO
Shares within one year after exercise or two years after the grant date, any gain realized on such
disposition will be treated as compensation income (taxable at ordinary income rates) to the extent
of the excess, if any, of the lesser of (A) the difference between the Fair Market Value of the
Shares acquired on the date of exercise and the aggregate Exercise Price, or (B) the difference
between the sale price of such Shares and the aggregate Exercise Price.

          (c) Notice of Disqualifying Disposition of ISO Shares. If the Participant sells or
otherwise disposes of any of the Shares acquired pursuant to an ISO on or before the later of
(i) two years after the grant date, or (ii) one year after the exercise date, the Participant shall
immediately notify the Company in writing of such disposition. The Participant agrees that he or
she may be subject to income tax withholding by the Company on the compensation income recognized
from such early disposition of ISO Shares by payment in cash or out of the current earnings paid to
the Participant.

     9. Acknowledgement. The Company and Participant agree that the Option is granted
under and governed by the Notice, this Agreement and by the provisions of the Plan (incorporated
herein by reference). Participant: (i) acknowledges receipt of a copy of the Plan and the Plan
prospectus, (ii) represents that Participant has carefully read and is familiar with their
provisions, and (iii) hereby accepts the Option subject to all of the terms and conditions set
forth herein and those set forth in the Plan and the Notice.

     10. Entire Agreement; Enforcement of Rights. This Agreement, the Plan and the Notice
constitute the entire agreement and understanding of the parties relating to the subject matter
herein and supersede all prior discussions between them. Any prior agreements, commitments or
negotiations concerning the purchase of the Shares hereunder are superseded. No modification of or
amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective
unless in writing and signed by the parties to this Agreement. The failure by either party to
enforce any rights under this Agreement shall not be construed as a waiver of any rights of such
party.

     11. Compliance with Laws and Regulations. The issuance of Shares will be subject to
and conditioned upon compliance by the Company and Participant with all applicable state and
federal laws and regulations and with all applicable requirements of any stock exchange or
automated quotation system on which the Company’s Common Stock may be listed or quoted at the time
of such issuance or transfer.

     12. Governing Law; Severability. If one or more provisions of this Agreement are held
to be unenforceable under applicable law, the parties agree to renegotiate such provision in good
faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement
for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance
of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance
of this Agreement shall be enforceable in accordance with its terms. This Agreement and all acts
and transactions pursuant hereto and the rights and obligations of the parties hereto shall be
governed, construed and interpreted in accordance with the laws of the State of California, without
giving effect to principles of conflicts of law.

     13. No Rights as Employee, Director or Consultant. Nothing in this Agreement shall
affect in any manner whatsoever the right or power of the Company, or a Parent or Subsidiary of the
Company, to terminate Participant’s service, for any reason, with or without cause.

 

 

     By your signature and the signature of the Company’s representative on the Notice, you and the
Company agree that this Option is granted under and governed by the terms and conditions of the
Plan, the Notice and this Agreement. Participant has reviewed the Plan, the Notice and this
Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to
executing the Notice, and fully understands all provisions of the Plan, the Notice and this
Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or
interpretations of the Committee upon any questions relating to the Plan, the Notice and the
Agreement. Participant further agrees to notify the Company upon any change in the residence
address indicated on the Notice.

 

 

Explanatory Note

The following form of Non-Standard Notice of Resticted Stock Unit Award (“Non-Standard RSU”) issued
under the Interwoven, Inc. 2008 Equity Incentive Plan represents two
forms of Non-Standard RSU.
Pursuant to the second instruction of the Instructions to 601 under Item 601(a) of Regulation S-K,
the Registrant has filed only one form of Non-Standard RSU and notes that the two forms differ only
with respect to the terms used following the vesting schedule provided opposite the words “Vesting
Schedule:” in the Non-Standard RSU, each version of which is provided below.

Alternative 1:

Notwithstanding the provisions of the preceding paragraph, however, if there is a Sale of the
Company and Participant’s employment is terminated by the Company or its successor without
Cause in connection with the Sale of the Company, then upon such termination the Unvested RSUs
subject to this award will become vested as to an additional number of Unvested RSUs equal to fifty
percent (50%) of the RSUs that were Unvested RSUs at the closing of the Sale of the Company (or
such lesser number as will result in a greater after-tax benefit if Participant would be subject to
the excise tax imposed by Section 4999 of the Code).

For purposes of this vesting acceleration provision, “Cause” means (i) willfully engaging in gross
misconduct that is materially and demonstrably injurious to the Company; (ii) willful act or acts
of dishonesty undertaken by Participant and intended to result in substantial gain or personal
enrichment for Participant at the expense of the Company; or (iii) willful and continued failure to
substantially perform Participant’s duties with the Company or its successor (other than incapacity
due to physical or mental illness); provided that the action or conduct described in clause (iii)
above will constitute “Cause” only if such failure continues after the Board of Directors has
provided Participant with a written demand for substantial performance setting forth in detail the
specify respects in which it believes Participant has willfully and not substantially performed his
duties thereof and a reasonable opportunity (to be not less than 30 days) to cure the same. For
such purpose, a termination by the Company without Cause includes a termination of employment by
Participant within 30 days following any of the following events: (x) the assignment of any duties
to Participant inconsistent with, or reflecting a materially adverse change in, Participant’s
position, duties or responsibilities with the Company (or any successor) without Participant’s
concurrence; or (y) the relocation of the Company’s principal executive offices (or relocating
Participant’s principal place of business) in excess of fifty (50) miles from the Company’s current
executive offices located in Sunnyvale, California. For purposes of the vesting acceleration
provisions of paragraph (b), the term “Sale of the Company” means (i) the sale or other disposition
of all or substantially all of the assets of the Company, or (ii) the acquisition of the Company by
another entity by means of consolidation, corporate reorganization or merger, or other transaction
or series of related transactions in which more than fifty percent (50%) of the outstanding voting
power of the Company is transferred.

Alternative 2:

Notwithstanding the provisions of the preceding paragraph, however, if there is a Sale of the
Company, then any and all Unvested RSUs subject to this award will become vested at the closing of
the Sale of the Company. For purposes of this Section 1, the term “Sale of the Company” means (i)
the sale or other disposition of all or substantially all of the assets of the Company, or (ii) the
acquisition of the Company by another entity by means of consolidation, corporate reorganization or
merger, or other transaction or series of related transactions in which more than fifty percent
(50%) of the outstanding voting power of the Company is transferred.

INTERWOVEN, INC.

2008 EQUITY INCENTIVE PLAN

NOTICE OF RESTRICTED STOCK AWARD

GRANT NUMBER:
              

(Non — Standard)

Unless otherwise defined herein, the terms defined in the Company’s 2008 Equity Incentive Plan (the
“Plan”) shall have the same meanings in this Notice of Restricted Stock Award (the “Notice”).

	 	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:	 	 	 	 
	 

	 	 	 	 

	 	 

You (“Participant”) have been granted an award of Restricted Shares of Common Stock of Interwoven,
Inc. (the “Company”) under the Plan subject to the terms and conditions of the Plan, this Notice
and the attached Restricted Stock Agreement (the “Restricted Stock Purchase Agreement”).

	 	 	 	 	 
	Total Number of Restricted Shares Awarded:
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Fair Market Value per Restricted Share:

	 	$	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Total Fair Market Value of Award:

	 	$	 	 
	 

	 	 
	 	 
	 
	 	 	 	 
	Purchase Price per Restricted Share:

	 	$	 	 
	 

	 	 
	 	 
	 
	 	 	 	 
	Total Purchase Price for all Restricted Shares:

	 	$	 	 
	 

	 	 
	 	 
	 
	 	 	 	 
	Date of Grant:
	 	 	 	 
	 

	 	 	 	 

	 	 	 	 	 
	Vesting Commencement Date:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Vesting Schedule:

	 	Subject to the limitations
set forth in this Notice,
the Plan and the
Restricted Stock Purchase
Agreement, the Restricted
Shares will vest and the
right of repurchase shall
lapse, in whole or in
part, in accordance with
the following schedule:	 	 
	 

	 	[Vesting may occur based on achievement, at the end of a period of time, of a specified goal or
specified goals based on such factors as: annual revenue, cash position, earnings per share,
operating cash flow, market share, new product releases, net income, operating income, return on
assets, return on equity, return on investment, software license bookings, EBITDA or other
financial measure, or any other performance-related goal as approved from time to time.]	 	 
	 
	 

	 	[ACCELERATION OF VESTING
PROVISIONS]	 	 

You understand that your employment or consulting relationship with the Company is for an
unspecified duration, can be terminated at any time (i.e., is “at-will”), and that nothing in this
Notice, the Restricted Stock Agreement or the Plan changes the at-will nature of that relationship.
Participant acknowledges that the vesting of the Restricted Shares pursuant to this Notice is
earned only by continuing service as an Employee, Director or Consultant of the Company. You also
understand that this Notice is subject to the terms and conditions of both the Restricted Stock
Agreement and the Plan, both of which are incorporated herein by reference. You have read both the
Restricted Stock Agreement and the Plan. If the Restricted Stock Purchase Agreement is not
executed by you within thirty (30) days of the Date of Grant above, then this grant shall be void.

	 	 	 	 	 	 	 	 	 	 	 
	INTERWOVEN, INC.	 	 	 	RECIPIENT:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	Signature	 	 	 	 
	 

	 	 

	 	 	 	 

	 
	 
	 	 	 	 	 	 	 	 	 	 
	Its:

	 	 	 	 	 	Please Print Nameexv10w3

 Exhibit 10.3 

INTERWOVEN, INC.

EMPLOYEE STOCK PURCHASE PLAN

As Amended and Restated by the Board on April 17, 2008

     1. Establishment of Plan. Interwoven, Inc. (the “Company”) originally established this
Employee Stock Purchase Plan (this “Plan”) in 1999 and amended and restated the Plan in 2008. For
purposes of this Plan, “Parent Corporation” and “Subsidiary” shall have the same meanings as
“parent corporation” and “subsidiary corporation” in Sections 424(e) and 424(f), respectively, of
the Internal Revenue Code of 1986, as amended (the “Code”). “Participating Subsidiaries” are
Parent Corporations or Subsidiaries that the Board of Directors of the Company (the “Board”)
designates from time to time as corporations that shall participate in this Plan. The Company
intends this Plan to qualify as an “employee stock purchase plan” under Section 423 of the Code
(including any amendments to or replacements of such Section), and this Plan shall be so construed.
Any term not expressly defined in this Plan but defined for purposes of Section 423 of the Code
shall have the same definition herein. A total of 3,000,000 shares of the Company’s Common Stock
were reserved for issuance under this amended and restated Plan when originally adopted (taking
into account splits of the Company’s Common Stock). In addition, on each January 1, the aggregate
number of shares of the Company’s Common Stock reserved for issuance under the Plan shall be
increased automatically by a number of shares equal to 1% of the total number of outstanding shares
of the Company Common Stock on the immediately preceding December 31; provided that the
aggregate number of shares issued over the term of this Plan shall not exceed 6,000,000 shares.
Such number shall be subject to adjustments effected in accordance with Section 14 of this Plan.

     2. Purpose. The purpose of this Plan is to provide eligible employees of the Company and
Participating Subsidiaries with a convenient means of acquiring an equity interest in the Company
through payroll deductions, to enhance such employees’ sense of participation in the affairs of the
Company and Participating Subsidiaries, and to provide an incentive for continued employment.

     3. Administration. This Plan shall be administered by the Compensation Committee of the
Board, and subject to applicable law, the Committee may delegate authority under the plan to a
committee to administer certain provisions of the Plan as the Committee deems appropriate (the
“Committee”). Subject to the provisions of this Plan and the limitations of Section 423 of the
Code or any successor provision in the Code, all questions of interpretation or application of this
Plan shall be determined by the Committee and its decisions shall be final and binding upon all
participants. Members of the Committee shall receive no compensation for their services in
connection with the administration of this Plan, other than standard fees as established from time
to time by the Board for services rendered by Board members serving on Board committees. All
expenses incurred in connection with the administration of this Plan shall be paid by the Company.

     4. Eligibility. Any employee of the Company or the Participating Subsidiaries is eligible to
participate in an Offering Period (as hereinafter defined) under this Plan except the following:

          (a) employees who are not employed by the Company or a Participating Subsidiary (10) days
before the beginning of such Offering Period;

          (b) employees who are customarily employed for twenty (20) hours or less per week;

          (c) employees who are customarily employed for five (5) months or less in a calendar year;

          (d) employees who, together with any other person whose stock would be attributed to such
employee pursuant to Section 424(d) of the Code, own stock or hold options to purchase stock
possessing five percent (5%) or more of the total combined voting power or value of all classes of
stock of the Company or any of its Participating Subsidiaries or who, as a result of being granted
an option under this Plan with respect to such Offering Period, would own stock or hold options to
purchase stock possessing five percent (5%) or more of the total combined voting power or value of
all classes of stock of the Company or any of its Participating Subsidiaries; and

 

 

          (e) individuals who provide services to the Company or any of its Participating Subsidiaries
as independent contractors who are reclassified as common law employees for any reason
except for federal income and employment tax purposes.

     5. Offering Dates. The offering periods of this Plan (each, an “Offering Period”) shall be
of six (6) months duration commencing on May 1 and November 1 of each year and ending on April 30
and October 31 of each year. Each Offering Period shall consist of one (1) six month purchase
period (a “Purchase Period”) during which payroll deductions of the participants are accumulated
under this Plan. The first business day of each Offering Period is referred to as the “Offering
Date”. The last business day of each Purchase Period is referred to as the “Purchase Date”. The
Committee shall have the power to change the duration of Offering Periods with respect to offerings
without stockholder approval if such change is announced at least fifteen (15) days prior to the
scheduled beginning of the first Offering Period to be affected.

     6. Participation in this Plan. Eligible employees may become participants in an Offering
Period under this Plan on the first Offering Date after satisfying the eligibility requirements by
delivering a subscription agreement to the Company’s Legal Department (the “Legal Department”) not
later than five (5) days before such Offering Date. Notwithstanding the foregoing, the Committee
may set a later time for filing the subscription agreement authorizing payroll deductions for all
eligible employees with respect to a given Offering Period. An eligible employee who does not
deliver a subscription agreement to the Legal Department by such date after becoming eligible to
participate in such Offering Period shall not participate in that Offering Period or any subsequent
Offering Period unless such employee enrolls in this Plan by filing a subscription agreement with
the Legal Department not later than five (5) days preceding a subsequent Offering Date. Once an
employee becomes a participant in an Offering Period, such employee will automatically participate
in the Offering Period commencing immediately following the last day of the prior Offering Period
unless the employee withdraws or is deemed to withdraw from this Plan or terminates further
participation in the Offering Period as set forth in Section 11 below. Such participant is not
required to file any additional subscription agreement in order to continue participation in this
Plan.

     7. Grant of Option on Enrollment. Enrollment by an eligible employee in this Plan with
respect to an Offering Period will constitute the grant (as of the Offering Date) by the Company to
such employee of an option to purchase on the Purchase Date up to that number of shares of Common
Stock of the Company determined by dividing (a) the amount accumulated in such employee’s payroll
deduction account during such Purchase Period by (b) the lower of (i) eighty-five percent (85%) of
the fair market value of a share of the Company’s Common Stock on the Offering Date (but in no
event less than the par value of a share of the Company’s Common Stock), or (ii) eighty-five
percent (85%) of the fair market value of a share of the Company’s Common Stock on the Purchase
Date (but in no event less than the par value of a share of the
Company’s Common Stock), provided, however, that the number of shares of the Company’s Common Stock subject to any option granted
pursuant to this Plan shall not exceed the lesser of (x) the maximum number of shares set by the
Committee pursuant to Section 10(c) below with respect to the applicable Purchase Date, or (y) the
maximum number of shares which may be purchased pursuant to Section 10(b) below with respect to the
applicable Purchase Date. The fair market value of a share of the Company’s Common Stock shall be
determined as provided in Section 8 below.

     8. Purchase Price. The purchase price per share at which a share of Common Stock will be
sold in any Offering Period shall be eighty-five percent (85%) of the lesser of:

          (a) The fair market value on the Offering Date; or

          (b) The fair market value on the Purchase Date.

          For purposes of this Plan, the term “Fair Market Value” means, as of any Offering Date, the
value of a share of the Company’s Common Stock determined as follows:

	 	(a)	 	if such Common Stock is then quoted on the NASDAQ Global Market,
its closing price on the NASDAQ Global Market on the business day immediately
prior to the Offering Date as reported in The Wall Street Journal;

2

 

	 	(b)	 	if such Common Stock is publicly traded and is then listed on a
national securities exchange, its closing price on the business day immediately
prior to the Offering Date on
the principal national securities exchange on which the Common Stock is
listed or admitted to trading as reported in The Wall Street Journal;
	 
	 	(c)	 	if such Common Stock is publicly traded but is not quoted on the
NASDAQ Global Market nor listed or admitted to trading on a national securities
exchange, the average of the closing bid and asked prices on the business day
immediately prior to the Offering Date as reported in The Wall Street
Journal; or
	 
	 	(d)	 	if none of the foregoing is applicable, then by the Board in good
faith.

     9. Payment of Purchase Price; Changes in Payroll Deductions; Issuance of Shares.

          (a) The purchase price of the shares is accumulated by regular payroll deductions made during
each Offering Period. The deductions are made as a percentage of the participant’s compensation in
one percent (1%) increments not less than two percent (2%), nor greater than fifteen percent (15%)
or such lower limit set by the Committee. Compensation shall mean all W-2 cash compensation,
including, but not limited to, base salary, wages, commissions, overtime, shift premiums and
bonuses, plus draws against commissions, provided, however, that for purposes of
determining a participant’s compensation, any election by such participant to reduce his or her
regular cash remuneration under Sections 125 or 401(k) of the Code shall be treated as if the
participant did not make such election. Payroll deductions shall commence on the first payday of
the Offering Period and shall continue to the end of the Offering Period unless sooner altered or
terminated as provided in this Plan.

          (b) A participant may decrease the rate of payroll deductions during an Offering Period by
filing with the Legal Department a new authorization for payroll deductions, in which case the new
rate shall become effective for the next payroll period commencing more than fifteen (15) days
after the Legal Department’s receipt of the authorization and shall continue for the remainder of
the Offering Period unless changed as described below. Such change in the rate of payroll
deductions may be made at any time during an Offering Period, but not more than one (1) change may
be made effective during any Purchase Period. A participant may increase or decrease the rate of
payroll deductions for any subsequent Offering Period by filing with the Legal Department a new
authorization for payroll deductions not later than fifteen (15) days before the beginning of such
Offering Period.

          (c) A participant may reduce his or her payroll deduction percentage to zero during an
Offering Period by filing with the Legal Department a request for cessation of payroll deductions.
Such reduction shall be effective beginning with the next payroll period commencing more than
fifteen (15) days after the Legal Department’s receipt of the request and no further payroll
deductions will be made for the duration of the Offering Period. Payroll deductions credited to
the participant’s account prior to the effective date of the request shall be used to purchase
shares of Common Stock of the Company in accordance with Section (e) below. A participant may not
resume making payroll deductions during the Offering Period in which he or she reduced his or her
payroll deductions to zero.

          (d) All payroll deductions made for a participant are credited to his or her account under
this Plan and are deposited with the general funds of the Company. No interest accrues on the
payroll deductions. All payroll deductions received or held by the Company may be used by the
Company for any corporate purpose, and the Company shall not be obligated to segregate such payroll
deductions.

          (e) On each Purchase Date, so long as this Plan remains in effect and provided that the
participant has not submitted a signed and completed withdrawal form before that date which
notifies the Company that the participant wishes to withdraw from that Offering Period under this
Plan and have all payroll deductions accumulated in the account maintained on behalf of the
participant as of that date returned to the participant, the Company shall apply the funds then in
the participant’s account to the purchase of whole shares of Common Stock reserved under the option
granted to such participant with respect to the Offering Period to the extent that such option is
exercisable on the Purchase Date. The purchase price per share shall be as specified in Section 8
of this Plan. Any cash remaining in a participant’s account after such purchase of shares shall be
refunded to such participant in cash, without interest; provided, however that any amount remaining
in such participant’s account on a Purchase Date which is less than the amount necessary to
purchase a full share of Common Stock of the Company shall be carried

3

 

forward, without interest,
into the next Purchase Period. In the event that this Plan has been oversubscribed, all funds not
used to purchase shares on the Purchase Date shall be returned to the participant, without
interest. No Common Stock shall be
purchased on a Purchase Date on behalf of any employee whose participation in this Plan has
terminated prior to such Purchase Date.

          (f) As promptly as practicable after the Purchase Date, the Company shall issue shares for
the participant’s benefit representing the shares purchased upon exercise of his or her option.

          (g) During a participant’s lifetime, his or her option to purchase shares hereunder is
exercisable only by him or her. The participant will have no interest or voting right in shares
covered by his or her option until such option has been exercised.

     10. Limitations on Shares to be Purchased.

          (a) No participant shall be entitled to purchase stock under this Plan at a rate which, when
aggregated with his or her rights to purchase stock under all other employee stock purchase plans
of the Company or any Subsidiary, exceeds $25,000 in fair market value, determined as of the
Offering Date (or such other limit as may be imposed by the Code) for each calendar year in which
the employee participates in this Plan. The Company shall automatically suspend the payroll
deductions of any participant as necessary to enforce such limit provided that when the Company
automatically resumes such payroll deductions, the Company must apply the rate in effect
immediately prior to such suspension.

          (b) On any single Purchase Date, no participant shall be entitled to purchase more than twice
the number of shares which could be purchased using eighty-five percent (85%) of the fair market
value of a share of the Company’s Common Stock on the Offering Date as the purchase price per
share.

          (c) No participant shall be entitled to purchase more than the Maximum Share Amount (as
defined below) on any single Purchase Date. Not less than thirty (30) days prior to the
commencement of any Offering Period, the Committee may, in its sole discretion, set a maximum
number of shares which may be purchased by any employee at any single Purchase Date (hereinafter
the “Maximum Share Amount”). Until otherwise determined by the Committee, there shall be no
Maximum Share Amount. In no event shall the Maximum Share Amount exceed the amounts permitted
under Section 10(b) above. If a new Maximum Share Amount is set, then all participants must be
notified of such Maximum Share Amount prior to the commencement of the next Offering Period. The
Maximum Share Amount shall continue to apply with respect to all succeeding Purchase Dates and
Offering Periods unless revised by the Committee as set forth above.

          (d) If the number of shares to be purchased on a Purchase Date by all employees participating
in this Plan exceeds the number of shares then available for issuance under this Plan, then the
Company will make a pro rata allocation of the remaining shares in as uniform a manner as shall be
reasonably practicable and as the Committee shall determine to be equitable. In such event, the
Company shall give written notice of such reduction of the number of shares to be purchased under a
participant’s option to each participant affected.

          (e) Any payroll deductions accumulated in a participant’s account which are not used to
purchase stock due to the limitations in this Section 10 shall be returned to the participant as
soon as practicable after the end of the applicable Purchase Period, without interest.

     11. Withdrawal.

          (a) Each participant may withdraw from an Offering Period under this Plan by signing and
delivering to the Legal Department a written notice to that effect on a form provided for such
purpose. Such withdrawal may be elected at any time at least fifteen (15) days prior to the end of
an Offering Period.

          (b) Upon withdrawal from this Plan, the accumulated payroll deductions shall be returned to
the withdrawn participant, without interest, and his or her interest in this Plan shall terminate.
In the event a participant voluntarily elects to withdraw from this Plan, he or she may not resume
his or her participation in this Plan during the same Offering Period, but he or she may
participate in any Offering Period under this Plan which commences on a date subsequent to such
withdrawal by filing a new authorization for payroll deductions in the same manner as set

4

 

forth in Section 6 above for initial participation in this Plan.

     12. Termination of Employment. Termination of a participant’s employment for any reason,
including retirement, death or the failure of a participant to remain an eligible employee of the
Company or of a Participating Subsidiary, immediately terminates his or her participation in this
Plan. In such event, the payroll deductions credited to the participant’s account will be returned
to him or her or, in the case of his or her death, to his or her legal representative, without
interest. For purposes of this Section 12, an employee will not be deemed to have terminated
employment or failed to remain in the continuous employ of the Company or of a Participating
Subsidiary in the case of sick leave, military leave, or any other leave of absence approved by the
Board; provided that such leave is for a period of not more than ninety (90) days or
reemployment upon the expiration of such leave is guaranteed by contract or statute.

     13. Return of Payroll Deductions. In the event a participant’s interest in this Plan is
terminated by withdrawal, termination of employment or otherwise, or in the event this Plan is
terminated by the Board, the Company shall deliver to the participant all payroll deductions
credited to such participant’s account. No interest shall accrue on the payroll deductions of a
participant in this Plan.

     14. Capital Changes. Subject to any required action by the stockholders of the Company, the
number of shares of Common Stock covered by each option under this Plan which has not yet been
exercised and the number of shares of Common Stock which have been authorized for issuance under
this Plan but have not yet been placed under option (collectively, the “Reserves”), as well as the
price per share of Common Stock covered by each option under this Plan which has not yet been
exercised, shall be proportionately adjusted for any increase or decrease in the number of issued
and outstanding shares of Common Stock of the Company resulting from a stock split or the payment
of a stock dividend (but only on the Common Stock) or any other increase or decrease in the number
of issued and outstanding shares of Common Stock effected without receipt of any consideration by
the Company; provided, however, that conversion of any convertible securities of the Company shall
not be deemed to have been “effected without receipt of consideration”. Such adjustment shall be
made by the Committee, whose determination shall be final, binding and conclusive. Except as
expressly provided herein, no issue by the Company of shares of stock of any class, or securities
convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof
shall be made with respect to, the number or price of shares of Common Stock subject to an option.

     In the event of the proposed dissolution or liquidation of the Company, the Offering Period
will terminate immediately prior to the consummation of such proposed action, unless otherwise
provided by the Committee. The Committee may, in the exercise of its sole discretion in such
instances, declare that this Plan shall terminate as of a date fixed by the Committee and give each
participant the right to purchase shares under this Plan prior to such termination. In the event
of (i) a merger or consolidation in which the Company is not the surviving corporation (other than
a merger or consolidation with a wholly-owned subsidiary, a reincorporation of the Company in a
different jurisdiction, or other transaction in which there is no substantial change in the
stockholders of the Company or their relative stock holdings and the options under this Plan are
assumed, converted or replaced by the successor corporation, which assumption will be binding on
all participants), (ii) a merger in which the Company is the surviving corporation but after which
the stockholders of the Company immediately prior to such merger (other than any stockholder that
merges, or which owns or controls another corporation that merges, with the Company in such merger)
cease to own their shares or other equity interest in the Company, (iii) the sale of all or
substantially all of the assets of the Company or (iv) the acquisition, sale, or transfer of more
than 50% of the outstanding shares of the Company by tender offer or similar transaction, the Plan
will continue with regard to any Offering Period that commenced prior to the closing of the
proposed transaction and shares will be purchased based on the Fair Market Value of the surviving
corporation’s stock on each Purchase Date, unless the Committee determines the final Purchase Date
under all then-ongoing Offering Periods shall be accelerated to an earlier date.

     The Committee may, if it so determines in the exercise of its sole discretion, also make
provision for adjusting the Reserves, as well as the price per share of Common Stock covered by
each outstanding option, in the event that the Company effects one or more reorganizations,
recapitalizations, rights offerings or other increases or reductions of shares of its outstanding
Common Stock, or in the event of the Company being consolidated with or merged into any other
corporation.

     15. Nonassignability. Neither payroll deductions credited to a participant’s account nor any
rights with regard to the exercise of an option or to receive shares under this Plan may be
assigned, transferred, pledged or oth-

5

 

erwise disposed of in any way (other than by will, the laws of
descent and distribution or as provided in Section 22
below) by the participant. Any such attempt at assignment, transfer, pledge or other disposition
shall be void and without effect.

     16. Reports. Individual accounts will be maintained for each participant in this Plan. Each
participant shall receive promptly after the end of each Purchase Period a report of his or her
account setting forth the total payroll deductions accumulated, the number of shares purchased, the
per share price thereof and the remaining cash balance, if any, carried forward to the next
Purchase Period or Offering Period, as the case may be.

     17. Notice of Disposition. Each participant shall notify the Company in writing if the
participant disposes of any of the shares purchased in any Offering Period pursuant to this Plan if
such disposition occurs within two (2) years from the Offering Date or within one (1) year from the
Purchase Date on which such shares were purchased (the “Notice Period”). The Company may, at any
time during the Notice Period, place a legend or legends on any certificate representing shares
acquired pursuant to this Plan requesting the Company’s transfer agent to notify the Company of any
transfer of the shares. The obligation of the participant to provide such notice shall continue
notwithstanding the placement of any such legend on the certificates.

     18. No Rights to Continued Employment. Neither this Plan nor the grant of any option
hereunder shall confer any right on any employee to remain in the employ of the Company or any
Participating Subsidiary, or restrict the right of the Company or any Participating Subsidiary to
terminate such employee’s employment.

     19. Equal Rights And Privileges. All eligible employees shall have equal rights and
privileges with respect to this Plan so that this Plan qualifies as an “employee stock purchase
plan” within the meaning of Section 423 or any successor provision of the Code and the related
regulations. Any provision of this Plan which is inconsistent with Section 423 or any successor
provision of the Code shall, without further act or amendment by the Company, the Committee or the
Board, be reformed to comply with the requirements of Section 423; provided however, that any
Offering Period established solely for participation of employees of a Participating Subsidiary who
are all resident outside the United States of America may have provisions inconsistent with Section
423. This Section 19 shall take precedence over all other provisions in this Plan.

     20. Notices. All notices or other communications by a participant to the Company under or in
connection with this Plan shall be deemed to have been duly given when received in the form
specified by the Company at the location, or by the person, designated by the Company for the
receipt thereof.

     21. Term;
Stockholder Approval. Increases to the maximum number of shares
that may be issued under this Plan (set forth in Section 1 above) shall be approved by the
stockholders of the Company, in any manner permitted by applicable corporate law, within twelve
(12) months before or after the date such increase is approved by the Board. This Plan shall continue
until the earlier to occur of (a) termination of this Plan by the Board (which termination may be
effected by the Board at any time); (b) issuance of all of the shares of Common Stock reserved for
issuance under this Plan; or ten (10) years from the date of
adoption by the Board of this Plan as amended and restated.

     22. Designation of Beneficiary.

          (a) A participant may file a written designation of a beneficiary who is to receive any
shares and cash, if any, from the participant’s account under this Plan in the event of such
participant’s death subsequent to the end of a Purchase Period but prior to delivery to him of such
shares and cash. In addition, a participant may file a written designation of a beneficiary who is
to receive any cash from the participant’s account under this Plan in the event of such
participant’s death prior to a Purchase Date.

          (b) Such designation of beneficiary may be changed by the participant at any time by written
notice. In the event of the death of a participant and in the absence of a beneficiary validly
designated under this Plan who is living at the time of such participant’s death, the Company shall
deliver such shares or cash to the executor or administrator of the estate of the participant, or
if no such executor or administrator has been appointed (to the knowledge of the Company), the
Company, in its discretion, may deliver such shares or cash to the spouse or to any one or more
dependents or relatives of the participant, or if no spouse, dependent or relative is known to the
Company, then to such other person as the Company may designate.

6

 

     23. Conditions Upon Issuance of Shares; Limitation on Sale of Shares. Shares shall not be
issued with respect to an option unless the exercise of such option and the issuance and delivery
of such shares pursuant thereto shall comply with all applicable provisions of law, domestic or
foreign, including, without limitation, the Securities Act, the Securities Exchange Act of 1934, as
amended, the rules and regulations promulgated thereunder, and the requirements of any stock
exchange or automated quotation system upon which the shares may then be listed, and shall be
further subject to the approval of counsel for the Company with respect to such compliance.

     24. Applicable Law. The Plan shall be governed by the substantive laws (excluding the
conflict of laws rules) of the State of California.

     25. Amendment or Termination of this Plan. The Board may at any time amend, terminate or
extend the term of this Plan, except that any such termination cannot affect options previously
granted under this Plan, nor may any amendment make any change in an option previously granted
which would adversely affect the right of any participant, nor may any amendment be made without
approval of the stockholders of the Company obtained in accordance with Section 21 above within
twelve (12) months of the adoption of such amendment (or earlier if required by Section 21) if such
amendment would:

     (a) increase the number of shares that may be issued under this Plan; or

     (b) change the designation of the employees (or class of employees) eligible for participation
in this Plan.

     Notwithstanding the foregoing, the Board may make such amendments to the Plan as the Board
determines to be advisable, if the Board determines that continuation of the Plan or any Offering
Period has unfavorable financial accounting treatment for the Company.

7

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