Document:

Prepared by R.R. Donnelley Financial -- EX-10.15

 Exhibit 10.15 

ORACLE CORPORATION 

STOCK UNIT AWARD 

DEFERRED COMPENSATION PLAN 

(Effective July 1, 2014) 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
			
	 SECTION 1
	  	DEFINITIONS	  	 	1	  
			
	 SECTION 2
	  	ELIGIBILITY	  	 	3	  
			
	 SECTION 3
	  	DEFERRED STOCK UNIT AWARDS	  	 	3	  
			
	 SECTION 4
	  	DESIGNATION OF BENEFICIARY	  	 	6	  
			
	 SECTION 5
	  	CODE SECTION 409A	  	 	7	  
			
	 SECTION 6
	  	UNFUNDED PLAN	  	 	7	  
			
	 SECTION 7
	  	CLAIMS PROCEDURE	  	 	8	  
			
	 SECTION 8
	  	AMENDMENT AND TERMINATION	  	 	9	  
			
	 SECTION 9
	  	ADMINISTRATION	  	 	9	  
			
	 SECTION 10
	  	GENERAL AND MISCELLANEOUS	  	 	9	  
			
	 APPENDIX 1
	  	ADOPTING EMPLOYERS	  	 	1	  

  
 -i- 

 ORACLE CORPORATION 

STOCK UNIT AWARD 

DEFERRED COMPENSATION PLAN 

(Effective July 1, 2014) 
 Oracle
Corporation, a Delaware Corporation, has established this unfunded plan to provide deferred compensation for a select group of management and highly compensated employees. The Plan is effective as of July 1, 2014. 

RECITALS 
 WHEREAS, the Company desires to
maintain an unfunded deferred compensation plan to permit eligible employees to defer receipt of their stock unit awards granted under the Equity Compensation Plan. 

NOW THEREFORE, the Company hereby establishes this deferred compensation plan. 

SECTION 1 
 DEFINITIONS 

1.1 “Account” means a bookkeeping record established under this Plan for an Eligible Employee who makes a deferral election
under SECTION 3, which represents the Eligible Employee’s Deferred Stock Unit Awards, including any Dividend Equivalents credited thereon. 

1.2 “Base Salary” means an Employee’s regular compensation without reduction for compensation deferred pursuant to all
qualified and non-qualified plans of any Employers, but excluding all of the following: bonuses, commissions, overtime, incentive payments, non-monetary awards, retention payments, and other special compensation. 

1.3 “Beneficiary” means the beneficiary that a Participant designates to receive his or her Account upon the
Participant’s death. 
 1.4 “Code” means the Internal Revenue Code of 1986, as it may be amended from time to time,
and the rules and regulations promulgated thereunder. 
 1.5 “Committee” means the Compensation Committee or such other
individual(s) or committee as designated by the Compensation Committee as the “Committee” for purposes of the Plan. The Senior Vice President of Human Resources and those persons he or she designates in writing are hereby delegated the
authority to act on behalf of the Committee to administer the Plan in accordance with SECTION 9, unless determined otherwise by the Compensation Committee. The authority to amend and terminate the Plan in accordance with SECTION 8 is not delegated
and, therefore, lies solely with the Compensation Committee. 
 1.6 “Common Stock” means the Common Stock, $.01 par value
per share, of the Company. 

 1.7 “Company” means Oracle Corporation, a Delaware corporation, and any
successor organization. 
 1.8 “Compensation Committee” means the Compensation Committee of the Board of Directors of the
Company. 
 1.9 “Deferred Stock Unit Award” means a Stock Unit Award that a Participant has irrevocably elected to defer
under the terms of this Plan. 
 1.10 “Dividend Equivalent” means an amount equal to the cash or stock dividends that would
have been paid on one share of Common Stock. 
 1.11 “Eligible Employee” means an Employee who is eligible to participate
in the Plan under SECTION 2, as designated by the Committee or its designee. 
 1.12 “Employee” means a person employed by
an Employer. 
 1.13 “Employer” means the Company and any other corporation or trade or business within the Employer Group
that adopts the Plan with the Company’s approval. A list of adopting Employers is attached to this Plan as Appendix 1 and shall be kept by the Committee. 

1.14 “Employer Group” means the group of entities (whether or not organized in corporate form and whether or not organized in
the United States) owned 80 percent or more by the Company or by an affiliate of the Company that is, itself, owned 80 percent or more by the Company. 

1.15 “Equity Compensation Plan” means the Amended and Restated 2000 Long-Term Equity Incentive Plan, as in effect from time
to time, or any subsequently adopted equity compensation plan of the Company, as applicable. 
 1.16 “Hardship” has the
meaning set forth in SECTION 3.8. 
 1.17 “Participant” means an Eligible Employee who elects to defer one or more Stock
Unit Awards pursuant to the Plan. Status as a Participant ceases when the Participant’s entire Account has been distributed or forfeited, as applicable. 

1.18 “Plan” means this Oracle Corporation Stock Unit Award Deferred Compensation Plan, as amended. 

1.19 “Plan Year” means the calendar year during which a Participant’s Stock Unit Award is granted. 

1.20 “Stock Unit Award” means a qualifying stock unit award granted to an Eligible Employee under the Equity Compensation
Plan that meets the vesting requirements described in SECTION 3.7. 
 1.21 “Termination of Employment” means
“separation from service” as defined in Code section 409A. 

  
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 SECTION 2 

ELIGIBILITY 
 2.1
Eligibility. Each Eligible Employee who completes such forms and provides such data as are reasonably required by the Committee is eligible to participate in the Plan. Eligibility to participate in the Plan for a Plan Year is limited to
Employees who are selected by the Committee (or its designee), in its sole discretion, and whose annualized Base Salary in United States dollars determined as of June 1 of the current calendar year equals or exceeds $190,000 (or another amount
established by the Committee). The Committee also may select for eligibility an Employee whose base salary reaches the required amount in a given year. For purposes of this SECTION 2.1, eligibility is generally effective annually as of the first day
of a Plan Year, but the Committee may, in its sole discretion, allow eligibility effective as of the start of a calendar quarter, semi-annual period, or another date it establishes, consistent with Code section 409A. 

2.2 Participant Consent. By making an election to defer a Stock Unit Award, the Participant shall for all purposes be deemed
conclusively to have consented to the provisions of the Plan and to all subsequent amendments thereto. 
 SECTION 3 

DEFERRED STOCK UNIT AWARDS 

3.1 Election to Defer Stock Unit Award. 

(a) An Eligible Employee’s participation in the Plan will commence when he or she makes a deferral election in accordance with SECTION 3.
Deferral of Stock Unit Awards under the Plan will occur in the amount and at the time provided in this SECTION 3.1 and in SECTION 3.7, and will not be effective until the Eligible Employee has complied with the election procedures in this SECTION 3.

 (b) Each Eligible Employee may elect, in accordance with SECTION 3.7, to defer the receipt of either 0% or 100% of a Stock Unit Award.
Partial deferrals of an Eligible Employee’s Stock Unit Award that he or she is awarded are not permitted. Any Stock Unit Awards deferred under this Section will be credited to an Account as of the date such Stock Unit Award is granted to the
Eligible Employee. 
 (c) A Participant’s Deferred Stock Unit Award shall vest pursuant to the terms of the Equity Compensation Plan
and the award agreement evidencing the Stock Unit Award grant. In the event a Participant forfeits any portion of the Participant’s Deferred Stock Unit Award pursuant to the terms of the Equity Compensation Plan or award agreement, the
Participant’s Stock Unit Award Account shall be reduced by the amount attributable to the forfeited Deferred Stock Unit Award. 
 (d)
After vesting and until paid in accordance with this SECTION 3, Deferred Stock Units credited to a Participant’s account shall be credited with Dividend Equivalents. Unless otherwise provided in the Stock Unit Award to which a Deferred Stock
Unit relates, Dividend Equivalents shall not be credited to Participant’s account for the period prior to the vesting date provided in such Stock Unit Award. Dividend Equivalents shall be subject to the

  
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same restrictions as the Deferred Stock Units to which they are attributable and shall be paid on the same date that the Deferred Stock Units to which they are attributable are settled in
accordance with this SECTION 3. The Dividend Equivalents credited to the Grantee’s Account will be deemed to be reinvested in additional Deferred Stock Units. Dividend Equivalents credited to a Grantee’s Account shall be distributed in
shares of Common Stock having a value equal to the amount of the Dividend Equivalents. 
 3.2 Separate Elections. A separate election
to defer a Stock Unit Award must be filed by the Eligible Employee for each Stock Unit Award. 
 3.3 Form and Schedule of Payment.
Deferred Stock Units shall be payable in Common Stock. The schedule under which the Participant elects to receive payment of his or her Deferred Stock Unit Award Account balance shall be irrevocably elected on the Participant’s deferral
election form as described in this SECTION 3. An Eligible Employee may elect to receive distributions in a lump sum or in quarterly installments over a period of five (5) years or ten (10) years. A Participant may select a different form
of payment for each Stock Unit Award. Notwithstanding anything to the contrary, a Participant’s Account shall be paid to the Participant’s Beneficiary in a lump sum upon the Participant’s death, in accordance with SECTION 3.5. 

3.4 Deferred Stock Unit Award Accounts. 

(a) The Committee shall cause an Account and such other subaccounts as the Committee deems appropriate to be established for each Participant
who has deferred a Stock Unit Award, which shall reflect the value of each Deferred Stock Unit Award payable to such Participant under the Plan, as adjusted for any earnings, as set forth herein. Each Account shall be maintained for bookkeeping
purposes only. Neither the Plan nor any of the Accounts established under the Plan shall hold any actual funds or assets. 
 (b) A
Participant’s Account relating to Deferred Stock Unit Awards shall be denominated in notional shares of Common Stock. 
 3.5 Timing
of Payment of Account Balances. 
 (a) On the Plan deferral election form described in this SECTION 3, and in accordance with terms and
procedures established by the Committee, an Eligible Employee may elect to receive or commence payment of the Eligible Employee’s Deferred Stock Unit Award, in the form elected in SECTION 3.3 upon the earlier of (i) Termination of
Employment or (ii) a calendar year designated by the Eligible Employee that is not earlier than the calendar year following the calendar year in which the scheduled vesting period for the Deferred Stock Unit Award ends. 

(b) Notwithstanding any other provision of this Plan, upon a Participant’s death, whether prior to or after commencement of payment of
the Participant’s Account, a lump sum distribution of all vested amounts credited to the deceased Participant’s Account in accordance with subsection (c) (notwithstanding any election to receive distributions under clause (ii) of
subsection (a) or in installments under SECTION 3.3) shall be payable to the deceased Participant’s Beneficiary. 

  
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 (c) A distribution upon a Participant’s death will be made in lump sum, as soon as is
administratively practicable following the date on which the Participant’s death occurs. 
 A distribution upon Termination of
Employment for any reason other than death will be made or commence on the 17th day of the first month (or the first business day after the
17th) of the third calendar quarter following the calendar quarter in which the Termination of Employment triggering a distribution occurs. For Participants whose Termination of Employment occurs
within the first 10 days of a calendar quarter, a distribution will be made or commence on the 17th day of the first month (or the first business day after the 17th) of the second calendar quarter following the calendar quarter in which the Termination of Employment triggering a distribution occurs. Subsequent distributions, if any, will be made on each
quarter-annual anniversary date of the date of the first distribution. 
 A distribution payable on a date designated by the Participant
under clause (ii) of subsection (a) will be made or commence in January of such year. 
 3.6 Default Election. The Account
of a Participant who does not make a distribution election under SECTION 3.3 or SECTION 3.5 will be distributed in a lump sum on the first distribution date after his or her Termination of Employment, in accordance with SECTION 3.5. 

3.7 Timing of Deferral Election. An election to defer a Stock Unit Award under this SECTION 3 must be made in accordance with the
procedures established by the Committee. To the extent permitted by the Committee in its discretion, an Eligible Employee may defer receipt of a Stock Unit Award within 30 days of the date the Eligible Employee acquires a legally binding right to
such Stock Unit Award, provided that the right to the Stock Unit Award is conditioned on the continued services of the Eligible Employee for a period of at least 12 months from the date the Eligible Employee acquires the legally binding right to the
Stock Unit Award and the election is made and becomes irrevocable at least 12 months before the earliest date at which the forfeiture condition could lapse (other than due to death, disability, or a change in control in accordance with Code section
409A). 
 3.8 Hardship. 

(a) If an unforeseeable emergency occurs (as determined by the Committee in accordance with Code section 409A and other applicable law), a
Participant may request that the Committee approve payment of the Participant’s vested Account earlier than the date to which it was deferred or that there be a cessation of deferrals under the Plan. For purposes of this SECTION 3.8, an
“unforeseeable emergency” is limited to a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the Participant’s spouse, the Participant’s beneficiary, or the Participant’s
dependent (as defined in Code section 152, without regard to sections 152(b)(1), (b)(2), and (d)(1)(B)), loss of the Participant’s property due to casualty (including the need to rebuild a home following damage to a home not otherwise covered
by insurance), or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the Participant’s control. What constitutes an unforeseeable emergency depends upon each Participant’s circumstances, but,
in any case, payment may not be made and a cessation of deferrals may not occur to the extent that a hardship is or may be relieved: (i)

  
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through reimbursement or compensation by available insurance or otherwise or (ii) by liquidation of the Participant’s assets to the extent the asset liquidation would not itself cause
severe financial hardship. Moreover, a deferred amount may not be distributed before the date to which the amount was deferred to the extent that the hardship is or may be relieved by cessation of deferrals under the Plan. 

(b) The Committee will consider any requests for payment under this SECTION 3.8 on a uniform and nondiscriminatory basis and in accordance
with Code section 409A. If an amount is distributed or deferrals cease under this SECTION 3.8, the Participant will be ineligible to defer additional amounts until the next regular date designated under SECTION 3.7 for making deferral elections that
occurs one year or more after the date as of which the Committee approved the distribution or cessation of deferral. Payments made under this SECTION 3.8 will be made within seven days after the Committee determines that an unforeseeable emergency
has resulted in severe financial hardship to the Participant or at a later date chosen by the Committee that does not result in taxation under Code section 409A. 

3.9 Changes in Capitalization. Deferred Stock Units credited to a Participant’s Account shall be appropriately adjusted in a
manner consistent with the terms applicable to Common Stock reserved under the Equity Compensation Plan to reflect changes in capitalization of the Company affecting the Common Stock. 

3.10 Employee’s Rights Unsecured. The right of a Participant or his or her Beneficiary to receive a distribution under the Plan
constitutes an unsecured claim against the general assets of the Company and the Participant’s Employer or former Employer, and neither the Participant nor his or her Beneficiary has any rights in or against any amount credited to an Account or
any other specific assets. The Plan constitutes a mere promise by the Company to make benefit payments in the future. 
 SECTION 4 

DESIGNATION OF BENEFICIARY 

4.1 Designation of Beneficiary. 

(a) A Participant may designate a Beneficiary to receive any part of the Participant’s Account. A Beneficiary may be designated at any
time before the Participant dies and may be revoked or changed at any time in accordance with procedures established by the Committee. A designation or change of designation that names a Beneficiary other than the Participant’s spouse will be
effective only if spousal consent is provided. If the Participant fails to designate a Beneficiary, or if no Beneficiary survives the Participant, the Participant’s Account will be paid to the Participant’s estate. Beneficiary designations
must be on the form required by the Committee. 
 (b) The Participant may change the designation of a Beneficiary at any time in accordance
with procedures established by the Committee. Designation of a Beneficiary, or an amendment or revocation thereof, shall be effective on the date the Participant’s completed and signed designation/revocation is actually received by the
recordkeeper for the Plan. To be valid, a completed and signed designation/revocation must be actually received by the recordkeeper for 

  
 6 

 
the Plan prior to the Participant’s death. Actually received means actual receipt of the designation/revocation and not the date that the designation/revocation was placed in the U.S. Mail
or other private delivery service. The most recent designation on file cancels all previous designations. 
 SECTION 5 

CODE SECTION 409A 
 5.1
General Compliance. The Plan is designed to comply with Code section 409A and is to be construed and administered, where possible, to comply with Code section 409A. Neither the Company or Employer nor the Committee is obligated to take any
action that the Company’s counsel determines would result in taxation under Code section 409A. If the Company or its counsel determines that any Plan provision or feature does not comply with Code section 409A, that provision or feature will be
null and void to the extent required to avoid taxation under Code section 409A. 
 5.2 No Express or Implied Warranties. Although the
Company intends to administer the Plan to prevent taxation under Code section 409A, the Employers do not represent or warrant that the Plan will comply with Code section 409A or any other provision of federal, state, local, or non-United States law.
The Company, its affiliates or subsidiaries, and their respective directors, officers, employees, and advisers will not be liable to any person for any tax, interest, or penalties that might be owed with respect to an Account. 

5.3 Permissible Accelerations and Delays. The Company reserves the right, exercisable in its sole discretion, to accelerate payments
under this Plan to the extent permitted by, and in accordance with, Treas. Reg. §1.409A-3(j)(4). In addition, the Company reserves the right, exercisable in its sole discretion, to delay payments under this Plan to the extent permitted by, and
in accordance with, Treas. Reg. §1.409A-2(b)(7). 
 5.4 Specified Employees. Notwithstanding any other provision of this Plan,
any distribution that is not exempt from Code section 409A and that is to be paid upon Termination of Employment (other than as a result of death) to a “specified employee” (as defined under Code section 409A) will not be paid sooner than
six months and one day following the Termination of Employment, or death if earlier. 
 SECTION 6 

UNFUNDED PLAN 
 6.1
Unfunded Plan. The obligation of the Employers to make payments pursuant to the Plan is contractual only, and neither the Participant nor any Beneficiary shall have a preferred claim or lien on or to any assets of any trust but shall have
only the right to receive the benefits payable under the Plan. The obligations of the Company and Employer to pay benefits under the Plan constitute an unfunded, unsecured promise to pay and Employees shall have no greater rights than general
creditors of the Company or Employer. It is the Company’s intention that the arrangements be unfunded for tax purposes and for purposes of Title I of the Employee Retirement Security Act (ERISA). 

  
 7 

 SECTION 7 

CLAIMS PROCEDURE 
 7.1
Claims Procedure. If any Participant or his or her Beneficiary has a claim for benefits that have not been paid, that person (“claimant”) may file with the Committee a written claim providing the amount and nature of the claim,
supporting facts, and the claimant’s address. Claims for benefits must be filed as soon as reasonably practicable after the occurrence of the facts on which the claim is based. The Committee shall notify each claimant of its decision in writing
by registered or certified mail within 60 days after its receipt of a claim or, under special circumstances, within ninety 90 days after its receipt of a claim; and if the Committee determines that payment is to be made, payment will be made within
90 days after the date by which notification is required. If a claim is denied, the written notice of denial shall set forth the reasons for such denial, refer to pertinent Plan provisions on which the denial is based, describe any additional
material or information necessary for the claimant to realize the claim, and explain the claims review procedure under the Plan. 
 7.2
Claims Review Procedure. A claimant whose claim has been denied, or such claimant’s duly authorized representative, may file, within 60 days after notice of such denial is received by the claimant, a written request for review of such
claim by the Committee. If a request is so filed, the Committee shall review the claim and notify the claimant in writing of its decision within 60 days after receipt of such request. In special circumstances, the Committee may extend for up 60
additional days the deadline for its decision. The notice of the final decision of the Committee shall include the reasons for its decision and specific references to the Plan provisions on which the decision is based. If the final decision is that
payment is to be made, payment will be made within 90 days after the date by which notification of the final decision is required. The decision of the Committee shall be final and binding on all parties. 

7.3 Exhaustion of Claims and Appeals Procedures. A claim or action (a) to recover benefits allegedly due under the Plan or by
reason of any law, (b) to enforce rights under the Plan, (c) to clarify rights to future benefits under the Plan, or (d) that relates to the Plan and seeks a remedy, ruling, or judgment of any kind against the Plan or a Plan fiduciary
or party in interest (collectively, a “Judicial Claim”), may not be commenced in any court or forum until after the claimant has exhausted the Plan’s claims and appeals procedures, including, for these purposes, any voluntary appeal
right (an “Administrative Claim”). A claimant must raise every argument and/or produce all evidence the claimant believes supports the claim or action in the Administrative Claim and shall be deemed to have waived any argument and/or the
right to produce any evidence not submitted to the Committee as part of the Administrative Claim. Any Judicial Claim must be commenced in the appropriate court or forum no later than 24 months from the earliest of (a) the date the first benefit
payment was made or allegedly due, (b) the date the Committee or its delegate first denied the claimant’s request, or (c) the first date the claimant knew or should have known the principal facts on which such claim or action is
based; provided, however, that, if the claimant commences an Administrative Claim before the expiration of such 24 month period, the period for commencing a Judicial Claim shall expire on the later of the end of the 24 month period and the date that
is three months after the final denial of the claimant’s Administrative Claim, such that the claimant has exhausted the Plan’s claims and appeals procedures. Any claim or action that is commenced, filed, or raised, whether a Judicial Claim
or an Administrative Claim, after expiration of such 24-month limitations period (or, if applicable, 

  
 8 

 
expiration of the 3-month limitations period following exhaustion of the Plan’s claims and appeals procedures) shall be time-barred. Filing or commencing a Judicial Claim before the claimant
exhausts the Administrative Claim requirements shall not toll the 24-month limitations period (or, if applicable, the three month limitations period). 

SECTION 8 
 AMENDMENT AND
TERMINATION 
 8.1 Amendment. The Committee may amend this Plan at any time with either or both retroactive and prospective
effect. It is intended that all Plan amendments comply with Code section 409A. Amendments will be effective upon the date stated in the amendment and will be binding on all Participants and Beneficiaries, except as otherwise provided in the
amendment. No amendment may adversely affect a Participant’s accrued benefits without the Participant’s written approval. Any rights to benefits under this Plan created by an employment agreement in effect between the Company or Employer
and an Employee are subject to amendments to this Plan. 
 8.2 Termination. The Committee may terminate the Plan and distribute
Accounts to Employees in accordance with Code section 409A. 
 SECTION 9 

ADMINISTRATION 
 9.1
Administration. The Committee has complete authority to administer the Plan, interpret the terms of the Plan, determine eligibility of Employees to participate in the Plan, and make all other determinations and take all other actions in
accordance with the terms of the Plan. Any determination or decision by the Committee shall be conclusive and binding on all persons who at any time have or claim to have any interest whatever under this Plan. 

9.2 Liability of Committee, Indemnification. To the extent permitted by law, the Committee and its designee shall not be liable to any
person for any action taken or omitted in connection with the interpretation and administration of this Plan unless attributable to his or her own bad faith or willful misconduct. 

9.3 Expenses. The costs of establishing and adopting the Plan, including but not limited to legal and accounting fees, will be borne by
the Company or the Employer. If a trust is established, the Company or Employer will bear any tax liability associated with the trust’s investment of assets and will not be reimbursed by the trust for those costs. 

SECTION 10 
 GENERAL AND
MISCELLANEOUS 
 10.1 Rights Against the Company. Except as expressly provided by the Plan, this Plan shall not be construed as
giving to any Employee, Participant, Beneficiary, or any other person any legal, equitable, or other rights against the Company or an Employer, or against any officers, directors, agents, or shareholders, or as giving to any Participant or
Beneficiary any equity or other interest in the assets, business, or shares of the Company or Employer stock or giving any Employee the right to be retained in the employment of the Company or an Employer. All

  
 9 

 
Employees are subject to discharge (with or without cause) to the same extent they would have been if this Plan had never been adopted. The rights of an Employee hereunder are solely those of an
unsecured general creditor of the Company or an Employer. Nothing in the Plan should be construed to require any contributions to the Plan on behalf of an Employee, Participant, or Beneficiary by the Company or an Employer. 

10.2 Assignment or Transfer. No right, title, or interest of any kind in the Plan is transferable or assignable by any Participant or
Beneficiary or subject to alienation, anticipation, sale, pledge, encumbrance, garnishment, attachment, execution, or levy of any kind, whether voluntary or involuntary, nor subject to the debts, contracts, liabilities, engagements, or torts of the
Participant or Beneficiary. Any attempt to alienate, anticipate, sell, pledge, encumber, garnish, attach, execute, levy, transfer, assign, or otherwise subject to legal or equitable process or encumber or dispose of any interest in the Plan shall be
void. 
 10.3 Severability. The provisions of this Plan are fully severable. Accordingly, any declaration that a provision of this
Plan is illegal or invalid for any reason will not affect the remaining provisions of this Plan, and this Plan will be construed and enforced as if any illegal or invalid provision had never existed. 

10.4 Construction. The article and section headings and numbers are included only for convenience of reference and are not to be taken
as limiting or extending the meaning of any of the terms and provisions of this Plan. Whenever appropriate, words used in the singular shall include the plural or the plural may be read as the singular. When used herein, the masculine gender
includes the feminine gender. 
 10.5 Governing Law. The validity and effect of this Plan and the rights and obligations of all
persons affected hereby shall be construed and determined in accordance with the laws of the State of California unless superseded by federal law, which shall govern correspondingly. 

10.6 Payment Due to Incompetence. If the Committee receives evidence that an Employee or Beneficiary entitled to receive any payment
under the Plan is physically or mentally incompetent to receive such payment, the Committee may, in its sole and absolute discretion, direct the payment to any other person or trust which has been legally appointed by the courts. 

10.7 Taxes. All amounts payable hereunder shall be reduced by any and all federal, state, local, and employment taxes imposed upon the
Participant or his or her Beneficiary which are required to be paid or withheld by the Company or Employer. Amounts deferred will be taken into account for purposes of any tax or withholding obligation under the Federal Insurance Contribution Act
and Federal Unemployment Tax Act, not in the year distributed, but at the later of the year the services are performed or the year in which the rights to the amounts are no longer subject to a substantial risk of forfeiture, as required by Code
sections 3121(v)(2) and 3306(r)(2). Amounts required to be withheld in accordance with Code section 3121(v)(2) will be withheld out of other current wages paid by the Participant’s Employer. The determination of the Company or Employer
regarding applicable income and employment tax withholding requirements shall be final and binding on each Employee. 

  
 10 

 
			
	ORACLE CORPORATION
		
	By:	 	______________________________
	Name:	 	______________________________
	Title:	 	______________________________

  
 11 

 APPENDIX 1 

ADOPTING EMPLOYERS 
 Pursuant to SECTION 1.13 of
the Oracle Corporation Stock Unit Award Deferred Compensation Plan (the “Plan”), the following corporations have adopted the Plan with the approval of Oracle Corporation. 

Oracle America, Inc. 
 Oracle
International CorporationPrepared by R.R. Donnelley Financial -- EX-10.16

 Exhibit 10.16 

ORACLE CORPORATION 

AMENDED AND RESTATED 

2000 LONG-TERM EQUITY INCENTIVE PLAN 

PERFORMANCE-BASED STOCK UNIT AWARD AGREEMENT 
  

	1.	Grant. Oracle Corporation (the “Company”) has granted to [Recipient] (“Participant”) the target number of performance-based stock units (“PSUs”) set forth above (“Target
PSUs”) under the Company’s Amended and Restated 2000 Long-Term Equity Incentive Plan (the “Plan”). The maximum number of PSUs that may vest pursuant to this Award is 150% of the Target PSUs. This Award is subject to the terms set
forth below in this PSU award agreement (the “Agreement”) and in the Plan. 

 The PSUs granted under this Agreement
to Covered Employees within the meaning of Section 162(m) of the United States Internal Revenue Code of 1986, as amended (the “Code”), and the regulations promulgated thereunder, are intended to qualify as “qualified
performance-based compensation” as described in Code Section 162(m)(4)(C) (“Qualified Performance-Based Compensation”). 

In the event of a conflict between the terms of the Plan and the terms of this Agreement, the terms of the Plan shall govern. All capitalized
terms not defined herein shall have the meanings ascribed to them in the Plan. 
  

	2.	Vesting Schedule. 

  

	 	(a)	Subject to the terms of the Plan and this Agreement, the PSUs granted under this Agreement shall vest and become payable in shares of Common Stock (“Shares”) on the Vesting Date (specified in Exhibit A)
(i) to the extent the Performance Goals (as set forth in Exhibit A) applicable to the applicable Performance Period (as specified in Exhibit A) are attained, as determined accordance with Section 2(b) below and (ii) as long as the
Participant remains continuously employed by the Company or any Parent, Subsidiary or Affiliate from the date of grant of the PSUs through the Vesting Date. 

  

	 	(b)	As soon as reasonably practicable after the completion of each Performance Period, the Committee shall determine the actual level of attainment of the Performance Goals for such Performance Period; provided,
however, that in the case of PSUs intended to constitute Qualified Performance-Based Compensation, the determination of the level of attainment of Performance Goals shall be certified in writing in accordance with the requirements of Code
Section 162(m) by the committee of the Board of Directors of the Company administering the Plan (the “Committee”), which shall be comprised of “outside directors” within the meaning of Code Section 162(m). On the basis
of the determination or certified level of attainment of the Performance Goals, the number of PSUs that are eligible to vest shall be calculated. 

  

	3.	 Company’s Obligation to Pay. Each PSU represents the right to receive a Share on the Vesting Date, subject to vesting conditions set forth
herein. Unless and until the PSUs have 

  
 1 

	 	
vested in accordance with Section 2, Participant will have no right to settlement of any such PSUs. Prior to the actual settlement of any vested PSUs, such PSUs will represent an unsecured
obligation of the Company, payable (if at all) only from the general assets of the Company. 

  

	4.	Settlement of the PSUs. The PSUs will be settled on the applicable Vesting Date or as soon thereafter as administratively practicable, but in any event within a period of sixty (60) days following the
Vesting Date. At the time of settlement, Participant will receive one whole Share for each vested PSU. The Company may, at its sole discretion, substitute an equivalent amount of cash if the distribution of Shares is not reasonably practicable due
to the requirements under Applicable Law, in which case, the amount of cash will be determined on the basis of the Fair Market Value of the Common Stock on the Vesting Date. 

 

	5.	No Rights as Stockholder. The PSUs underlying this Award do not carry voting rights or rights to cash dividends that are or may become applicable to the Common Stock or otherwise. Participant shall have no rights
as a Stockholder of the Company unless and until the PSUs are settled by issuing Shares to the Participant. 

  

	6.	Termination of PSUs. 

  

	 	(a)	Notwithstanding any contrary provision of this Agreement, in the event of the termination of Participant’s employment relationship with Participant’s employer for any or no reason (excluding a transfer to the
Company or any Parent, Subsidiary or Affiliate) prior to the Vesting Date for any Performance Period, the Participant’s right to acquire any Shares hereunder with respect to such Performance Period, as well as any subsequent Performance Period,
will immediately terminate. Participant’s employment relationship shall be considered to have terminated (without regard to any notice period, e.g., a period of “garden leave” or similar period pursuant to local law or as may
be required by the terms of an employment agreement) and Participant to have ceased to be employed by the Company or its Parent, Subsidiary or Affiliate, on the earliest of: 

 

	 	(1)	the date on which Participant’s employer (the “Employer”) delivers to Participant notice terminating the employment relationship (regardless of whether the notice or termination is lawful or unlawful or
is in breach of any contract of employment) unless Participant is transferring employment to the Company, or any Parent, Subsidiary or Affiliate; 

  

	 	(2)	the date on which Participant delivers notice to his or her Employer that Participant is terminating the employment relationship (regardless of whether the notice or termination is lawful or unlawful or is in breach of
any contract of employment) unless Participant is transferring employment to the Company, or any Parent, Subsidiary or Affiliate; 

  

	 	(3)	the date on which Participant ceases to provide services to the Company, or any Parent, Subsidiary or Affiliate, as appropriate, except where Participant is on an authorized leave of absence; or 

 

	 	(4)	 the date on which Participant ceases to be considered an “employee” under

  
 2 

	 	
Applicable Laws. 

 The Committee shall have discretion to determine
whether Participant has ceased to be employed by the Company or any Parent, Subsidiary or Affiliate, as appropriate, and the effective date on which such employment terminated. 

 

	7.	Compliance with Laws and Regulations. The issuance and transfer of Shares shall be subject to compliance by the Company and Participant with all applicable requirements of federal, state, local or foreign
securities and other laws and with all applicable requirements of any stock exchange or national market system on which the Common Stock may be listed at the time of such issuance or transfer. 

 

	8.	Transferability of Award. This Award may not be transferred in any manner other than (i) by will, (ii) by the laws of descent and distribution, or (iii) by proof to the Company’s satisfaction,
in the event of Participant’s death, that the beneficiary is entitled to receive the Award. 

  

	9.	Tax Consequences. The general U.S. federal income tax consequences of the grant, vesting, settlement and transfer of the Award, as well as upon disposition of any Shares issued at settlement of this Award, are
set forth in the Plan prospectus made available at the Company’s web site at: 

http://my.oracle.com/site/hr/RegionalSites/U.S./usbenefits/equity/index.html 

If Participant is subject to tax in any other country besides the U.S., the tax treatment in the other country may differ from that reflected
in the Plan prospectus. 
  

	10.	Tax Withholding Responsibility. Participant acknowledges that, regardless of any action taken by the Company or the Employer, the ultimate liability for all income tax (including federal, state, local and foreign
tax), social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to Participant’s participation in the Plan and legally applicable to Participant or deemed by the Company or the Employer in its
discretion to be an appropriate charge to Participant even if legally applicable to the Company or the Employer (“Tax-Related Items”), is and remains Participant’s responsibility and may exceed the amount actually withheld by the
Company and/or the Employer. Participant further acknowledges that the Company and/or the Employer (a) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of this Award,
including, but not limited to, the grant, vesting or settlement of this Award, the subsequent sale of Shares acquired pursuant to such settlement and the receipt of any dividends; and (b) do not commit to and are under no obligation to
structure the terms of the grant or any aspect of this Award to reduce or eliminate Participant’s liability for Tax-Related Items or to achieve any particular tax result. Further, if Participant is subject to Tax-Related Items in more than one
jurisdiction between the date of grant and the date of any relevant taxable or tax withholding event, Participant acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for
Tax-Related Items in more than one jurisdiction. 

 Prior to any relevant taxable or tax withholding event, as applicable,
Participant agrees to make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all 

  
 3 

 
Tax-Related Items. In this regard, if Participant is not subject to Section 16 of the Exchange Act, Participant authorizes the Company and/or the Employer, or their respective agents, at
their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a combination of the following: (1) withholding from Participant’s wages or other cash compensation paid to Participant by the Company and/or the
Employer; (2) withholding from proceeds of the sale of Shares acquired upon settlement of this Award, either through a voluntary sale or through a mandatory sale arranged by the Company (on Participant’s behalf pursuant to this
authorization without further consent); or (3) withholding in Shares issuable upon settlement of this Award. If Participant is subject to Section 16 of the Exchange Act, Participant may satisfy the obligations with regard to all
Tax-Related Items by one or a combination of the following: (1) electing to have the Company or Employer withhold from Participant’s wages or other cash compensation paid to Participant by the Company and/or the Employer; (2) electing
to have the Company withhold from proceeds of the sale of Shares acquired upon vesting of the PSUs, either through a voluntary sale or through a mandatory sale arranged by the Company (on Participant’s behalf pursuant to this authorization); or
(3) electing to have the Company withhold Shares otherwise issuable upon settlement of the PSUs. 
 If the obligation for the
Tax-Related Items is satisfied by withholding in Shares, the Company will withhold or account for Tax-Related Items by considering applicable minimum statutory withholding rates. If Shares are sold to cover the Tax-Related Items obligations, the
Company may use other applicable withholding rates, including maximum applicable rates, in which case Participant will receive a refund of any over-withheld amount in cash and will have no entitlement to the Common Stock equivalent. Further, if the
obligation for the Tax-Related Items is satisfied by withholding in Shares, for tax purposes, Participant is deemed to have been issued the full number of Shares subject to the vested PSUs, notwithstanding that a number of the Shares are held back
solely for the purpose of paying the Tax-Related Items due as a result of any aspect of Participant’s participation in the Plan. 

Finally, Participant shall pay to the Company or the Employer any amount of Tax-Related Items that the Company or the Employer may be required
to withhold or account for as a result of Participant’s participation in the Plan that cannot be satisfied by the means previously described. The Company may refuse to deliver the Shares or the proceeds from the sale of Shares if Participant
fails to comply with his or her obligations in connection with the Tax-Related Items as described in this section. 
  

	11.	 Nature of the Grant. By entering into this Agreement and accepting the grant of the PSUs evidenced hereby, Participant acknowledges that:
(i) the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated by the Company at any time unless otherwise provided in the Plan and this Agreement; (ii) the
grant of the PSUs is voluntary and occasional and does not create any contractual or other right to receive future grants of stock units, or benefits in lieu of stock units, even if stock units have been granted in the past; (iii) all decisions
with respect to future grants, if any, will be at the sole discretion of the Company; (iv) Participant’s participation in the Plan shall not create a right to further employment with the Employer and shall not interfere with the ability of
the Employer to terminate Participant’s employment relationship at any time; (v) Participant’s participation in the Plan is voluntary; (vi) the PSUs and the Shares subject to the PSUs are extraordinary items that do not
constitute compensation of any kind for services of any kind rendered to the Company or 

  
 4 

	 	
the Employer, and which are outside the scope of Participant’s employment contract, if any; (vii) the PSUs are not part of normal or expected compensation or salary for any purpose
including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or welfare or retirement benefits (including the 401(k) Savings and Investment
Plan and the Deferred Compensation Plan) or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any Parent, Subsidiary or Affiliate; (viii) the
PSUs and the Shares subject to the PSUs are not intended to replace any pension rights or compensation; (ix) the vesting of this Award ceases upon termination of the employment relationship as described in Section 6 of this Agreement,
except as may otherwise be explicitly provided in the Plan document; (x) the future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty; (xi) the grant of the PSUs and Participant’s
participation in the Plan shall not be interpreted to form an employment contract or relationship with the Company or any Parent, Subsidiary or Affiliate; and furthermore, the PSU grant shall not be interpreted to form an employment contract with
the Employer; (xii) no claim or entitlement to compensation or damages shall arise from forfeiture of the PSUs resulting from the termination of Participant’s employment (for any reason whatsoever, whether or not later found to be invalid
or in breach of employment laws in the jurisdiction where Participant is employed or the terms of Participant’s employment agreement, if any); and (xiii) unless otherwise provided in the Plan or by the Company in its discretion, the PSUs
and the benefits evidenced by this Agreement do not create any entitlement to have the Award or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any corporate
transaction affecting the Shares. 

  

	12.	No Advice Regarding Grant. The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding Participant’s participation in the Plan, or
Participant’s acquisition or sale of Shares. Participant is hereby advised to consult with his or her own personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any action related to the Plan.

  

	13.	Data Privacy Consent. As a condition of the grant of the PSUs, Participant hereby explicitly and unambiguously consents to the collection, use, processing and transfer, in electronic or other
form, of personal data as described in this paragraph by and among, as applicable, the Employer and the Company and any Parent, Subsidiary or Affiliate for the exclusive purpose of implementing, administering and managing Participant’s
participation in the Plan. 

 Participant understands that the Employer, the Company and any Parent, Subsidiary
or Affiliate hold certain personal information about Participant, including Participant’s name, home address and telephone number, date of birth, social security number or other identification number, salary, nationality, job title, any Shares
or directorships held in the Company, details of all PSUs or any other entitlement to Shares awarded, canceled, vested, unvested or outstanding in Participant’s favor (“Data”), for the purpose of managing and administering the
Plan. 
 Participant acknowledges that Data will be transferred to Fidelity or such other stock plan service providers or
brokers as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and management of 

  
 5 

 
the Plan, provided that the Company ensures that the recipient maintains a level of privacy broadly equivalent to the standard set forth in the Company’s Internal Privacy Policy.
Participant accepts that these recipients may be located in the United States or the European Economic Area and that the recipient’s country may have different data privacy laws and protections than Participant’s country. Participant
authorizes the Company, its broker and any possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or
other form, for the purposes of implementing, administering and managing Participant’s participation in the Plan, including any requisite transfer of Data to a designated broker or other third party with whom Participant may elect to deposit
any Shares acquired upon settlement of this Award, as such Data may be required for the administration of the Plan and/or the subsequent holding of Shares on Participant’s behalf. Further, Participant understands that Participant is providing
the consents herein on a purely voluntary basis. If Participant does not consent, or later seeks to revoke consent, Participant’s employment status or service and career with the Employer will not be adversely affected; the only consequence of
refusing or withdrawing consent is that the Company would not be able to grant Participant PSUs or other equity awards or administer or maintain such awards. Therefore, Participant understands that refusing or withdrawing consent may affect
Participant’s ability to participate in the Plan. 
 Additional details regarding data privacy are included in the Notice
of Performance-Based Stock Unit Award Grant and in Oracle’s Internal Privacy Policy at: http://my.oracle.com/content/groups/public/@empl/@legal/documents/webcontent/cnt337893.pdf. 

 

	14.	Entire Agreement; Interpretation. The Plan made available at the Company’s web site at 

http://my.oracle.com/site/hr/RegionalSites/U.S./usbenefits/equity/index.html 

is incorporated herein by reference. This Agreement and the Plan constitute the entire agreement of the parties and supersede all prior
undertakings and agreements with respect to the subject matter hereof. The Committee may amend this Agreement and the Plan from time to time. Participant understands and agrees that the terms of the PSUs can only be amended in writing. Participant
agrees that the terms of the Plan govern the PSUs and that all interpretations and determinations made by the Company or the Committee with respect to the Plan and this Agreement shall be final and binding on all persons. This Agreement is governed
by Delaware law except for that body of law pertaining to conflict of laws. Unless Participant is subject to a mutual agreement to arbitrate with the Company, Participant agrees to institute any legal action or legal proceeding relating to this
Agreement or the Plan in state court in San Mateo County, California, or in federal court in San Francisco, California, United States of America. Participant agrees to submit to the jurisdiction of and agrees that venue is proper in the aforesaid
courts in any such action or proceeding. 
  

	15.	 Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the
Plan by electronic means or to request Participant’s consent to participate in the Plan by electronic means. Participant hereby consents to receive such documents by electronic delivery and, if requested, to agree to participate in the Plan
through an on-line or electronic system established and maintained 

  
 6 

	 	
by the Company or any third party designated by the Company. 

  

	16.	Severability. The provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall
nevertheless be binding and enforceable. 

  

	17.	409A Disclaimer. This Agreement shall be interpreted in accordance with, and incorporate the terms and conditions required by, Section 409A of the U.S. Internal Revenue Code (the “Code”). The
Company reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify this Agreement or adopt other policies and procedures (including amendments, policies and procedures with
retroactive effect), or take any other actions, including amendments or actions that would result in a reduction in benefits payable under the Award, as the Company determines are necessary or appropriate to ensure that this Award qualifies for
exemption from, or complies with the requirements of, Code Section 409A or mitigate any additional tax, interest and/or penalties or other adverse tax consequences that may apply under Section 409A of the Code; provided, however, that the
Company makes no representation that this Award will be exempt from, or will comply with, Section 409A of the Code, and makes no undertakings to preclude Section 409A of the Code from applying to the PSUs or to ensure that it complies with
Section 409A of the Code. For the avoidance of doubt, Participant hereby acknowledges and agrees that the Company will have no liability to Participant or any other party if the grant, vesting or settlement of the PSUs and the issuance of
Shares or cash or any other transaction under this Agreement is not exempt from, or compliant with, Code Section 409A, or for any action taken by the Company with respect thereto. 

 

	18.	Additional Terms. The Company reserves the right to impose other requirements on Participant’s participation in the Plan to the extent the Company determines it is necessary or advisable for legal or
administrative reasons, and to require Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 

  

	19.	Waiver. Participant acknowledges that a waiver by the Company of breach of any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any
subsequent breach by Participant or any other participant. 

 By clicking on the “Accept” button, Participant accepts
the PSUs and agrees to be bound by its terms as set forth in the Plan and this Agreement. 
 These terms apply to grants made on or after
July 24, 2014. 

  
 7

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