Document:

ECO-STIM
ENERGY SOLUTIONS, INC.

 

2014
STOCK INCENTIVE PLAN

 

I.
PURPOSE OF THE PLAN

 

The
purpose of the ECO-STIM ENERGY SOLUTIONS, INC. 2014 STOCK INCENTIVE PLAN (the “Plan”) is to provide a means
through which ECO-STIM ENERGY SOLUTIONS, INC., a Nevada corporation (the “Company”), and its Affiliates may
attract and retain able persons to serve as senior executives of the Company and to provide a means whereby those individuals
upon whom the responsibilities of the successful administration and management of the Company and its Affiliates rest, and whose
present and potential contributions to the Company and its Affiliates are of importance, can acquire and maintain stock ownership
or other awards, thereby strengthening their concern for the welfare of the Company and its Affiliates and their desire to remain
employed by, or continue providing services to, the Company and its Affiliates. A further purpose of the Plan is to provide such
individuals with additional incentive and reward opportunities designed to enhance the profitable growth of the Company and its
Affiliates. Accordingly, the Plan provides for granting Incentive Stock Options, Options that do not constitute Incentive Stock
Options, Restricted Stock Awards, Performance Awards, Phantom Stock Awards, Bonus Stock Awards, or any combination of the foregoing,
as is best suited to the circumstances of the particular senior executive as provided herein.

 

II.
DEFINITIONS

 

The
following definitions shall be applicable throughout the Plan unless specifically modified by any paragraph:

 

(a)
“Affiliate” means any corporation, partnership, limited-liability company or partnership, association,
trust, or other organization which, directly or indirectly, controls, is controlled by, or is under common control with, the Company.
For purposes of the preceding sentence, “control” (including, with correlative meanings, the terms “controlled
by” and “under common control with”), as used with respect to any entity or organization, shall mean the possession,
directly or indirectly, of the power (i) to vote more than 50% of the securities having ordinary voting power for the election
of directors of the controlled entity or organization or (ii) to direct or cause the direction of the management and policies
of the controlled entity or organization, whether through the ownership of voting securities or by contract or otherwise.

 

(b)
“Award” means, individually or collectively, any Option, Restricted Stock Award, Performance Award,
Phantom Stock Award, or Bonus Stock Award.

 

(c)
“Board” means the Board of Directors of the Company.

 

(d)
“Bonus Stock Award” means an Award granted under Paragraph XI of the Plan.

 

(e)
“Code” means the Internal Revenue Code of 1986, as amended. Reference in the Plan to any section of
the Code shall be deemed to include any amendments or successor provisions to such section and any regulations under such section.

 

    	 

    	 

    

 

(f)
“Committee” means a the Compensation Committee of the Board, or any other committee of the Board that
is selected by the Board as provided in Paragraph IV(a).

 

(g)
“Common Stock” means the common stock of the Company, par value $0.001 per share, or any security into
which such common stock may be changed by reason of any transaction or event of the type described in Paragraph XII.

 

(h)
“Company” is defined in Paragraph I.

 

(i)
“Corporate Change” shall have the meaning assigned to such term in Paragraph XII(c) of the Plan.

 

(j)
“Director” means an individual who is a member of the Board or, where the context of the Plan so permits,
a member of the board of directors (or any analogous governing body) of an Affiliate of the Company.

 

(k)
An “Eligible Person” means any person (including a Director) serving as the President, Chief Executive
Officer, Chief Financial Officer, Chief Operating Officer, Secretary, or as an Executive Vice President or Vice President, of
the Company.

 

(l)
“Exchange Act” means the Securities Exchange Act of 1934, as amended.

 

(m)
“Fair Market Value” means, as of any specified date, the closing price of the Common Stock, if the Common
Stock is listed on a national stock exchange registered under section 6(a) of the Exchange Act, reported on the stock exchange
composite tape on that date (or such other reporting service approved by the Committee); or, if no closing price is reported on
that date, on the last preceding date on which such closing price of the Common Stock is so reported. If the Common Stock is traded
over the counter at the time a determination of its fair market value is required to be made hereunder, its fair market value
shall be deemed to be equal to the average between the reported high and low or closing bid and asked prices of Common Stock on
the most recent date on which Common Stock was publicly traded. In the event Common Stock is not publicly traded at the time a
determination of its value is required to be made hereunder, the determination of its fair market value shall be made by the Committee
in such manner as it deems appropriate and as is consistent with the requirements of section 409A of the Code.

 

(n)
“Incentive Stock Option” means an incentive stock option within the meaning of section 422 of the Code.

 

(o)
“Option” means an Award granted under Paragraph VII of the Plan and includes both Incentive Stock Options
to purchase Common Stock and Options that do not constitute Incentive Stock Options to purchase Common Stock.

 

(p)
“Option Agreement” means a written agreement between the Company and a Participant with respect to an
Option.

 

(q)
“Participant” means an Eligible Person who has been granted an Award.

 

    	 

    	 

    

 

(r)
“Performance Award” means an Award granted under Paragraph IX of the Plan.

 

(s)
“Performance Award Agreement” means a written agreement between the Company and a Participant with respect
to a Performance Award.

 

(t)
“Performance Measure” means one or more individual performance measures established by the Committee
as to the President and Chief Executive Officer, and by the President and Chief Executive Officer as to all other Participants.
The performance measures described in the preceding sentence may be absolute, relative to one or more other companies, relative
to one or more indexes, or measured by reference to the Company alone, one or more business units or Affiliates of the Company
alone, or the Company together with one or more of its business units or Affiliates. In addition, performance measures may be
subject to adjustment by the Committee or the President and Chief Executive Officer, whichever is applicable, for changes in accounting
principles, to satisfy regulatory requirements and other specified significant extraordinary items or events.

 

(u)
“Phantom Stock Award” means an Award granted under Paragraph X of the Plan.

 

(v)
“Phantom Stock Award Agreement” means a written agreement between the Company and a Participant with
respect to a Phantom Stock Award.

 

(w)
“Plan” means the Frac Rock International, Inc. 2012 Stock Incentive Plan, as amended from time to time.

 

(x)
“Restricted Stock Agreement” means a written agreement between the Company and a Participant with respect
to a Restricted Stock Award.

 

(y)
“Restricted Stock Award” means an Award granted under Paragraph VIII of the Plan.

 

(z)
“Rule 16b-3” means Securities Exchange Commission Rule 16b-3 promulgated under the Exchange Act, as
such may be amended from time to time, and any successor rule, regulation, or statute fulfilling the same or a similar function.

 

(aa)
“Stock Appreciation Right” means a right to acquire, upon exercise of the right, Common Stock and/or,
in the sole discretion of the Committee, cash having an aggregate value equal to the then excess of the Fair Market Value of the
shares with respect to which the right is exercised over the exercise price therefor. The Committee shall retain final authority
to determine whether a Participant shall be permitted, and to approve an election by a Participant, to receive cash in full or
partial settlement of a Stock Appreciation Right.

 

(bb)
“Stockholders Agreement” means that certain Stockholder Rights Agreement dated May 28, 2014, among the
Company, ACM Emerging Markets Master Fund I L.P., and certain of the Company’s stockholders, as the same may be amended
or restated from time to time.

 

    	 

    	 

    

 

III.
EFFECTIVE DATE AND DURATION OF THE PLAN

 

The
Plan shall become effective upon the date of its adoption by the Board, provided the Plan is approved by the stockholders of the
Company on such date or within 12 months thereafter in a manner that satisfies the requirements of section 422 of the Code and
the regulations thereunder. Notwithstanding any provision in the Plan to the contrary, no Option shall be exercisable, no Restricted
Stock Award or Bonus Stock Award shall be granted, and no Performance Award or Phantom Stock Award shall vest or become satisfiable
prior to such stockholder approval. No further Awards may be granted under the Plan after 10 years from the date the Plan is adopted
by the Board. The Plan shall remain in effect until all Options granted under the Plan have been exercised or expired, all Restricted
Stock Awards granted under the Plan have vested or been forfeited, and all Performance Awards, Phantom Stock Awards, and Bonus
Stock Awards have been satisfied or expired.

 

IV.
ADMINISTRATION

 

(a)
Composition of Committee. The Plan shall be administered by a committee of, and appointed by, the Board. In the
absence of the Board’s appointment of a committee to administer the Plan, the Board shall serve as the Committee.

 

(b)
Powers. Subject to the express provisions of the Plan, the Committee shall have authority, in its discretion, to
determine which Eligible Persons shall receive an Award, the time or times when such Award shall be made, the type of Award that
shall be made, the number of shares of Common Stock to be subject to each Option, Restricted Stock Award, or Bonus Stock Award,
and the number of shares of Common Stock to be subject to or the value of each Performance Award or Phantom Stock Award. In making
such determinations, the Committee shall take into account the nature of the services rendered by the respective Eligible Persons,
their present and potential contribution to the Company’s success, and such other factors as the Committee in its sole discretion
shall deem relevant.

 

(c)
Additional Powers. The Committee shall have such additional powers as are delegated to it by the other provisions
of the Plan. Subject to the express provisions of the Plan, this shall include the power to construe the Plan and the respective
agreements executed hereunder, to prescribe, amend, suspend or waive rules and regulations relating to the Plan, to determine
the terms, restrictions, and provisions of the agreement relating to each Award, including such terms, restrictions, and provisions
as shall be requisite in the judgment of the Committee to cause designated Options to qualify as Incentive Stock Options, and
to make all other determinations necessary or advisable for administering the Plan. The Committee may correct any defect or supply
any omission or reconcile any inconsistency in the Plan or in any agreement relating to an Award in the manner and to the extent
the Committee shall deem expedient to carry the Plan or any such agreement into effect. All determinations and decisions made
by the Committee on the matters referred to in this Paragraph IV and in construing the provisions of the Plan shall be conclusive.

 

    	 

    	 

    

 

(d)
Delegation of Authority by the Committee. Notwithstanding the preceding provisions of this Paragraph IV or any other
provision of the Plan to the contrary, subject to the constraints of applicable law, the Committee may from time to time, in its
sole discretion, delegate to the Chief Executive Officer of the Company the administration (or interpretation of any provision)
of the Plan, and the right to grant Awards under the Plan, insofar as such administration (and interpretation) and power to grant
Awards relates to any person who is not then subject to section 16 of the Exchange Act (including any successor section to the
same or similar effect). Any such delegation may be made effective only so long as the Chief Executive Officer of the Company
is a member of the Board, and the Committee may revoke such delegation at any time. The Committee may put any conditions and restrictions
on the powers that may be exercised by the Chief Executive Officer of the Company upon such delegation as the Committee determines
in its sole discretion. In the event of any conflict in a determination or interpretation under the Plan as between the Committee
and the Chief Executive Officer of the Company, the determination or interpretation, as applicable, of the Committee shall be
conclusive.

 

V.
SHARES SUBJECT TO THE PLAN; AWARD LIMITS;

GRANT OF AWARDS

 

(a)
Shares Subject to the Plan and Award Limits. Subject to adjustment in the same manner as provided in Paragraph XII
with respect to shares of Common Stock subject to Options then outstanding, the aggregate maximum number of shares of Common Stock
that may be issued under the Plan, and the aggregate maximum number of shares of Common Stock that may be issued under the Plan
through Incentive Stock Options, shall not exceed Five Hundred Thousand (500,000) shares. Shares shall be deemed to have been
issued under the Plan only to the extent actually issued and delivered pursuant to an Award. To the extent that an Award lapses
or the rights of its holder terminate, any shares of Common Stock subject to such Award shall again be available for the grant
of an Award under the Plan. In addition, shares issued under the Plan and forfeited back to the Plan, shares surrendered in payment
of the exercise price or purchase price of an Award, and shares withheld for payment of applicable employment taxes and/or withholding
obligations associated with an Award shall again be available for the grant of an Award under the Plan.

 

(b)
Grant of Awards. The Committee may from time to time grant Awards to one or more Eligible Persons determined by
it to be eligible for participation in the Plan in accordance with the terms of the Plan.

 

(c)
Stock Offered. Subject to the limitations set forth in Paragraph V(a), the stock to be offered pursuant to the grant
of an Award may be authorized but unissued Common Stock or Common Stock previously issued and outstanding and reacquired by the
Company. Any of such shares that remain unissued and that are not subject to outstanding Awards at the termination of the Plan
shall cease to be subject to the Plan but, until termination of the Plan, the Company shall at all times make available a sufficient
number of shares to meet the requirements of the Plan. The shares of the Company’s stock to be issued pursuant to any Award
may be represented by physical stock certificates or may be uncertificated. Notwithstanding references in the Plan to certificates,
the Company may deliver uncertificated shares of Common Stock in connection with any Award.

 

    	 

    	 

    

 

VI.
ELIGIBILITY

 

Awards
may be granted only to persons who, at the time of grant, are Eligible Persons. An Award may be granted on more than one occasion
to the same person, and, subject to the limitations set forth in the Plan, such Award may include an Incentive Stock Option, an
Option that is not an Incentive Stock Option, a Restricted Stock Award, a Performance Award, a Phantom Stock Award, a Bonus Stock
Award, or any combination thereof.

 

VII.
STOCK OPTIONS

 

(a)
Option Period. The term of each Option shall be as specified by the Committee at the date of grant, but in no event
shall an Option be exercisable after the expiration of 10 years from the date of grant.

 

(b)
Limitations on Exercise of Option. An Option shall be exercisable in whole or in such installments and at such times
as determined by the Committee.

 

(c)
Special Limitations on Incentive Stock Options. An Incentive Stock Option may be granted only to an individual who
is employed by the Company or any “parent corporation” or “subsidiary corporation” (as such terms are
defined in section 424 of the Code) of the Company at the time the Option is granted. To the extent that the aggregate fair market
value (determined at the time the respective Incentive Stock Option is granted) of stock with respect to which Incentive Stock
Options are exercisable for the first time by an individual during any calendar year under all incentive stock option plans of
the Company and its parent and subsidiary corporations, within the meaning of section 424 of the Code, exceeds $100,000 or such
other amount as may be prescribed under section 422 of the Code or applicable regulations or rulings from time to time, such Incentive
Stock Options shall be treated as Options that do not constitute Incentive Stock Options. The Committee shall determine, in accordance
with applicable provisions of the Code, Treasury regulations, and other administrative pronouncements, which of a Participant’s
Incentive Stock Options will not constitute Incentive Stock Options because of such limitation and shall notify the Participant
of such determination as soon as practicable after such determination. No Incentive Stock Option shall be granted to an individual
if, at the time the Option is granted, such individual owns stock possessing more than 10% of the total combined voting power
of all classes of stock of the Company or of its parent or subsidiary corporation, within the meaning of section 422(b)(6) of
the Code, unless (i) at the time such Option is granted, the option price is at least 110% of the Fair Market Value of the Common
Stock subject to the Option and (ii) such Option by its terms is not exercisable after the expiration of five years from the date
of grant. Except as otherwise provided in sections 421 or 422 of the Code, an Incentive Stock Option shall not be transferable
otherwise than by will or the laws of descent and distribution and shall be exercisable during the Participant’s lifetime
only by such Participant or the Participant’s guardian or legal representative.

 

    	 

    	 

    

 

(d)
Option Agreement. Each Option shall be evidenced by an Option Agreement in such form and containing such provisions
not inconsistent with the provisions of the Plan as the Committee from time to time shall approve, including, without limitation,
provisions to qualify an Option as an Incentive Stock Option under section 422 of the Code. Each Option Agreement shall specify
the effect of termination of (i) employment, (ii) the consulting or advisory relationship, or (iii) membership on the Board or
the board of directors (or analogous governing body) of an Affiliate of the Company, as applicable, on the exercisability of the
Option. An Option Agreement may provide for the payment of the option price, in whole or in part, by the delivery of a number
of shares of Common Stock (plus cash if necessary) having a Fair Market Value equal to such option price. Moreover, an Option
Agreement may provide for a “cashless exercise” of the Option by establishing procedures satisfactory to the Committee
with respect thereto. Further, an Option Agreement may provide, on such terms and conditions as the Committee in its sole discretion
may prescribe, for the grant of a Stock Appreciation Right in connection with the grant of an Option and, in such case, the exercise
of the Stock Appreciation Right shall result in the surrender of the right to purchase a number of shares under the Option equal
to the number of shares with respect to which the Stock Appreciation Right is exercised (and vice versa). In the case of any Stock
Appreciation Right that is granted in connection with an Incentive Stock Option, such right shall be exercisable only when the
Fair Market Value of the Common Stock exceeds the exercise price specified therefor in the Option or the portion thereof to be
surrendered. The terms and conditions of the respective Option Agreements need not be identical. The Committee may, in its sole
discretion, amend an outstanding Option Agreement from time to time in any manner that is not inconsistent with the provisions
of the Plan (including, without limitation, an amendment that accelerates the time at which the Option, or a portion thereof,
may be exercisable), provided that, except as otherwise provided in the Plan or the applicable Option Agreement, any such amendment
shall not materially reduce the rights of a Participant without the consent of such Participant.

 

(e)
Option Price and Payment. The price at which a share of Common Stock may be purchased upon exercise of an Option
shall be determined by the Committee but, subject to the special limitations on Incentive Stock Options set forth in Paragraph
VII(c) and to adjustment as provided in Paragraph XII, such purchase price shall not be less than the Fair Market Value of a share
of Common Stock on the date such Option is granted. The Option or portion thereof may be exercised by delivery of an irrevocable
notice of exercise to the Company, as specified by the Committee. The purchase price of the Option or portion thereof shall be
paid in full in the manner prescribed by the Committee. Separate stock certificates shall be issued by the Company for those shares
acquired pursuant to the exercise of an Incentive Stock Option and for those shares acquired pursuant to the exercise of any Option
that does not constitute an Incentive Stock Option.

 

(f)
Restrictions on Repricing of Options. Except as provided in Paragraph XII, the Committee may not, without approval
of the stockholders of the Company, amend any outstanding Option Agreement to lower the option price (or cancel and replace any
outstanding Option Agreement with Option Agreements having a lower option price).

 

(g)
Stockholder Rights and Privileges. The Participant shall be entitled to all the privileges and rights of a stockholder
only with respect to such shares of Common Stock as have been purchased under the Option and for which shares of stock have been
delivered to the Participant.

 

(h)
Options and Rights in Substitution for Options Granted by Other Employers. Options and Stock Appreciation Rights
may be granted under the Plan from time to time in substitution for options and such rights held by individuals providing services
to corporations or other entities who become employees, Consultants, or Directors as a result of a merger or consolidation or
other business transaction with the Company or any Affiliate.

 

    	 

    	 

    

 

VIII.
RESTRICTED STOCK AWARDS

 

(a)
Forfeiture Restrictions to be Established by the Committee. Shares of Common Stock that are the subject of a Restricted
Stock Award shall be subject to restrictions on transferability by the Participant and an obligation of the Participant to forfeit
and surrender the shares to the Company under certain circumstances (the “Forfeiture Restrictions”). The Forfeiture
Restrictions shall be determined by the Committee in its sole discretion, and the Committee may provide that the Forfeiture Restrictions
shall lapse upon (i) the attainment of one or more Performance Measures, (ii) the Participant’s continued employment with
the Company or one of its Affiliates or continued service as a Consultant or Director for a specified period of time, (iii) the
occurrence of any event or the satisfaction of any other condition specified by the Committee in its sole discretion, or (iv)
a combination of any of the foregoing. Each Restricted Stock Award may have different Forfeiture Restrictions, in the discretion
of the Committee.

 

(b)
Other Terms and Conditions. Unless provided otherwise in a Restricted Stock Agreement, the Participant shall have
the right to receive dividends with respect to Common Stock subject to a Restricted Stock Award, to vote Common Stock subject
thereto, and to enjoy all other stockholder rights, except that (i) the Participant shall not be entitled to delivery of the stock
certificate until the Forfeiture Restrictions have expired, (ii) the Company shall retain custody of the stock until the Forfeiture
Restrictions have expired, (iii) the Participant may not sell, transfer, pledge, exchange, hypothecate, or otherwise dispose of
or encumber the stock until the Forfeiture Restrictions have expired, (iv) a breach of the terms and conditions established by
the Committee pursuant to the Restricted Stock Agreement shall result in a forfeiture of the Restricted Stock Award, and (v) with
respect to the payment of any dividend with respect to shares of Common Stock subject to a Restricted Stock Award directly to
the Participant, each such dividend shall be paid no later than the end of the calendar year in which the dividends are paid to
stockholders of such class of shares or, if later, the fifteenth day of the third month following the date the dividends are paid
to stockholders of such class of shares. At the time a Restricted Stock Award is granted, the Committee may, in its sole discretion,
prescribe additional terms, conditions, or restrictions relating to Restricted Stock Awards, including, but not limited to, rules
pertaining to the termination of employment or service as a Consultant or Director (by retirement, disability, death, or otherwise)
of a Participant prior to expiration of the Forfeitures Restrictions. Such additional terms, conditions, or restrictions shall
be set forth in a Restricted Stock Agreement made in conjunction with the Award.

 

(c)
Payment for Restricted Stock. The Committee shall determine the amount and form of any payment for Common Stock
received pursuant to a Restricted Stock Award, provided that in the absence of such a determination, a Participant shall not be
required to make any payment for Common Stock received pursuant to a Restricted Stock Award, except to the extent otherwise required
by law.

 

(d)
Committee’s Discretion to Accelerate Vesting of Restricted Stock Awards. Subject to any limitations imposed
under section 162(m) of the Code, the Committee may, in its discretion and as of a date determined by the Committee, fully vest
any or all Common Stock awarded to a Participant pursuant to a Restricted Stock Award and, upon such vesting, all Forfeiture Restrictions
applicable to such Restricted Stock Award shall terminate as of such date. Any action by the Committee pursuant to this Subparagraph
may vary among individual Participants and may vary among the Restricted Stock Awards held by any individual Participant.

 

    	 

    	 

    

 

(e)
Restricted Stock Agreements. At the time any Award is made under this Paragraph VIII, the Company and the Participant
shall enter into a Restricted Stock Agreement setting forth each of the matters contemplated hereby and such other matters as
the Committee may determine to be appropriate. The terms and provisions of the respective Restricted Stock Agreements need not
be identical. Subject to the restriction set forth in the first sentence of Subparagraph (d) above, the Committee may, in its
sole discretion, amend an outstanding Restricted Stock Agreement from time to time in any manner that is not inconsistent with
the provisions of the Plan, provided that, except as otherwise provided in the Plan or the applicable Restricted Stock Agreement,
any such amendment shall not materially reduce the rights of a Participant without the consent of such Participant.

 

IX.
PERFORMANCE AWARDS

 

(a)
Performance Period. The Committee shall establish, with respect to and at the time of each Performance Award, the
number of shares of Common Stock subject to, or the maximum value of, the Performance Award and the performance period over which
the performance applicable to the Performance Award shall be measured.

 

(b)
Performance Measures. A Performance Award shall be awarded to a Participant contingent upon future performance of
the Company or any Affiliate, division, or department thereof under a Performance Measure during the performance period. The Committee,
in its sole discretion, may provide for an adjustable Performance Award value based upon the level of achievement of Performance
Measures.

 

(c)
Payment. Following the end of the performance period, the holder of a Performance Award shall be entitled to receive
payment of an amount not exceeding the number of shares of Common Stock subject to, or the maximum value of, the Performance Award,
based on the achievement of the Performance Measures for such performance period, as determined and certified in writing by the
Committee. Payment of a Performance Award may be made in cash, Common Stock, or a combination thereof, as determined by the Committee.
Payment shall be made in a lump sum or in installments as prescribed by the Committee. If a Performance Award covering shares
of Common Stock is to be paid in cash, such payment shall be based on the Fair Market Value of the Common Stock on the payment
date or such other date as may be specified by the Committee in the Performance Award Agreement. A Participant shall not be entitled
to the privileges and rights of a stockholder with respect to a Performance Award covering shares of Common Stock until payment
has been determined by the Committee and such shares have been delivered to the Participant.

 

(d)
Termination of Award. A Performance Award shall terminate if the Participant does not remain continuously in the
employ of the Company and its Affiliates or does not continue to perform services as a Consultant or a Director for the Company
and its Affiliates at all times during the applicable performance period through the payment date, except as may be determined
by the Committee.

 

    	 

    	 

    

 

(e)
Performance Award Agreements. At the time any Award is made under this Paragraph IX, the Company and the Participant
shall enter into a Performance Award Agreement setting forth each of the matters contemplated hereby and such additional matters
as the Committee may determine to be appropriate. The terms and provisions of the respective Performance Award Agreements need
not be identical.

 

X.
PHANTOM STOCK AWARDS

 

(a)
Phantom Stock Awards. Phantom Stock Awards are rights to receive shares of Common Stock (or the Fair Market Value
thereof), or rights to receive an amount equal to any appreciation or increase in the Fair Market Value of Common Stock over a
specified period of time, which vest over a period of time as established by the Committee, without satisfaction of any performance
criteria or objectives that are based on one or more Performance Measures. The Committee may, in its discretion, require payment
or other conditions of the Participant respecting any Phantom Stock Award. A Phantom Stock Award may include, without limitation,
a Stock Appreciation Right that is granted independently of an Option; provided, however, that the exercise price per share of
Common Stock subject to the Stock Appreciation Right shall be (i) determined by the Committee but, subject to adjustment as provided
in Paragraph XII, such exercise price shall not be less than the Fair Market Value of a share of Common Stock on the date such
Stock Appreciation Right is granted, and (ii) subject to the restrictions on repricings described in Paragraph VII(f) in the same
manner as applies to Options.

 

(b)
Award Period. The Committee shall establish, with respect to and at the time of each Phantom Stock Award, a period
over which the Award shall vest with respect to the Participant.

 

(c)
Awards Criteria. In determining the value of Phantom Stock Awards, the Committee shall take into account a Participant’s
responsibility level, performance, potential, other Awards, and such other considerations as it deems appropriate.

 

(d)
Payment. Following the end of the vesting period for a Phantom Stock Award (or at such other time as the applicable
Phantom Stock Award Agreement may provide), the holder of a Phantom Stock Award shall be entitled to receive payment of an amount,
not exceeding the maximum value of the Phantom Stock Award, based on the then vested value of the Award. Payment of a Phantom
Stock Award may be made in cash, Common Stock, or a combination thereof as determined by the Committee. Payment shall be made
in a lump sum or in installments as prescribed by the Committee. Any payment to be made in cash shall be based on the Fair Market
Value of the Common Stock on the payment date or such other date as may be specified by the Committee in the Phantom Stock Award
Agreement. Cash dividend equivalents may be paid during or after the vesting period with respect to a Phantom Stock Award, as
determined by the Committee. A Participant shall not be entitled to the privileges and rights of a stockholder with respect to
a Phantom Stock Award until the shares of Common Stock, if any, have been delivered to the Participant.

 

    	 

    	 

    

 

(e)
Termination of Award. A Phantom Stock Award shall terminate if the Participant does not remain continuously in the
employ of the Company and its Affiliates or does not continue to perform services as a Consultant or a Director for the Company
and its Affiliates at all times during the applicable vesting period, except as may be otherwise determined by the Committee.

 

(f)
Phantom Stock Award Agreements. At the time any Award is made under this Paragraph X, the Company and the Participant
shall enter into a Phantom Stock Award Agreement setting forth each of the matters contemplated hereby and such additional matters
as the Committee may determine to be appropriate. The terms and provisions of the respective Phantom Stock Award Agreements need
not be identical.

 

XI.
BONUS STOCK AWARDS

 

Each
Bonus Stock Award granted to a Participant shall constitute a transfer of unrestricted shares of Common Stock on such terms and
conditions as the Committee shall determine. Bonus Stock Awards shall be made in shares of Common Stock and need not be subject
to performance criteria or objectives or to forfeiture. The purchase price, if any, for shares of Common Stock issued in connection
with a Bonus Stock Award shall be determined by the Committee in its sole discretion.

 

XII.
RECAPITALIZATION OR REORGANIZATION

 

(a)
No Effect on Right or Power. The existence of the Plan and the Awards granted hereunder shall not affect in any
way the right or power of the Board or the stockholders of the Company to make or authorize any adjustment, recapitalization,
reorganization, or other change in the Company’s or any Affiliate’s capital structure or its business, any merger,
consolidation or other business combination of the Company or any Affiliate, any issue of debt or equity securities ahead of or
affecting Common Stock or the rights thereof, the dissolution or liquidation of the Company or any Affiliate, any sale, lease,
exchange, or other disposition of all or any part of its assets or business, or any other corporate act or proceeding.

 

(b)
Subdivision or Consolidation of Shares; Stock Dividends. The shares with respect to which Awards may be granted
are shares of Common Stock as presently constituted, but if, and whenever, prior to the expiration of an Award theretofore granted,
the Company shall effect a subdivision or consolidation of shares of Common Stock or the payment of a stock dividend on Common
Stock without receipt of consideration by the Company, the number of shares of Common Stock with respect to which such Award may
thereafter be exercised or satisfied, as applicable, (i) in the event of an increase in the number of outstanding shares, shall
be proportionately increased, and the purchase price per share, if any, shall be proportionately reduced, and (ii) in the event
of a reduction in the number of outstanding shares, shall be proportionately reduced, and the purchase price per share, if any,
shall be proportionately increased. Any fractional share resulting from such adjustment shall be rounded up to the next whole
share.

 

    	 

    	 

    

 

(c)
Recapitalizations and Corporate Changes. If the Company recapitalizes, reclassifies its capital stock, or otherwise
changes its capital structure (a “recapitalization”), the number and class of shares of Common Stock or other property
covered by an Award theretofore granted and the purchase price of Common Stock or other consideration subject to such Award shall
be adjusted so that such Award shall thereafter cover the number and class of shares of stock and securities to which the Participant
would have been entitled pursuant to the terms of the recapitalization if, immediately prior to the recapitalization, the Participant
had been the holder of record of the number of shares of Common Stock then covered by such Award. If (i) the Company shall not
be the surviving entity in any merger, consolidation or other business combination or reorganization (or survives only as a subsidiary
of an entity), (ii) the Company sells, leases, or exchanges or agrees to sell, lease, or exchange all or substantially all of
its assets to any other person or entity, (iii) the Company is to be dissolved and liquidated, (iv) any person or entity, including
a “group” as contemplated by section 13(d)(3) of the Exchange Act, acquires or gains ownership or control (including,
without limitation, the power to vote) of more than 50% of the outstanding shares of the Company’s voting stock (based upon
voting power), or (v) as a result of or in connection with a contested election of directors of the Company, the persons who were
directors of the Company before such election shall cease to constitute a majority of the Board (each such event is referred to
herein as a “Corporate Change”), no later than (x) 10 days after the approval by the stockholders of the Company of
such merger, consolidation, reorganization, sale, lease, or exchange of assets or dissolution and liquidation or such election
of directors or (y) 30 days after a Corporate Change of the type described in clause (iv), the Committee, acting in its sole discretion
without the consent or approval of any Participant, shall effect one or more of the following alternatives in an equitable and
appropriate manner to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under
the Plan, which alternatives may vary among individual Participants and which may vary among Options or Stock Appreciation Rights
held by any individual Participant: (1) accelerate the time at which Options or Stock Appreciation Rights then outstanding may
be exercised so that such Awards may be exercised in full for a limited period of time on or before a specified date (before or
after such Corporate Change) fixed by the Committee, after which specified date all such unexercised Awards and all rights of
Participants thereunder shall terminate, (2) require the mandatory surrender to the Company by all or selected Participants of
some or all of the outstanding Options or Stock Appreciation Rights held by such Participants (irrespective of whether such Awards
are then exercisable under the provisions of the Plan) as of a date, before or after such Corporate Change, specified by the Committee,
in which event the Committee shall thereupon cancel such Awards and the Company shall pay (or cause to be paid) to each Participant
an amount of cash per share equal to the excess, if any, of the amount calculated in Subparagraph (d) below (the “Change
of Control Value”) of the shares subject to such Awards over the exercise price(s) under such Awards for such shares, or
(3) make such adjustments to Options or Stock Appreciation Rights then outstanding as the Committee deems appropriate to reflect
such Corporate Change and to prevent the dilution or enlargement of rights (provided, however, that the Committee may determine
in its sole discretion that no adjustment is necessary to such Awards then outstanding), including, without limitation, adjusting
such an Award to provide that the number and class of shares of Common Stock covered by such Award shall be adjusted so that such
Award shall thereafter cover securities of the surviving or acquiring corporation or other property (including, without limitation,
cash) as determined by the Committee in its sole discretion.

 

    	 

    	 

    

 

(d)
Change of Control Value. For the purposes of clause (2) in Subparagraph (c) above, the “Change of Control
Value” shall equal the amount determined in the following clause (i), (ii) or (iii), whichever is applicable: (i) the per
share price offered to stockholders of the Company in any such merger, consolidation, or other business combination, reorganization,
sale of assets or dissolution and liquidation transaction, (ii) the per share price offered to stockholders of the Company in
any tender offer or exchange offer whereby a Corporate Change takes place, or (iii) if such Corporate Change occurs other than
pursuant to a tender or exchange offer, the fair market value per share of the shares into which such Options or Stock Appreciation
Rights being surrendered are exercisable, as determined by the Committee as of the date determined by the Committee to be the
date of cancellation and surrender of such Awards. In the event that the consideration offered to stockholders of the Company
in any transaction described in this Subparagraph (d) or Subparagraph (c) above consists of anything other than cash, the Committee
shall determine the fair cash equivalent of the portion of the consideration offered which is other than cash.

 

(e)
Other Changes in the Common Stock. In the event of changes in the outstanding Common Stock by reason of recapitalizations,
reorganizations, mergers, consolidations, combinations, split-ups, split-offs, spin-offs, exchanges, or other relevant changes
in capitalization or distributions (other than ordinary dividends) to the holders of Common Stock occurring after the date of
the grant of any Award and not otherwise provided for by this Paragraph XII, such Award and any agreement evidencing such Award
shall be subject to adjustment by the Committee at its sole discretion as to the number and price of shares of Common Stock or
other consideration subject to such Award in an equitable and appropriate manner so as to prevent the dilution or enlargement
of the benefits or potential benefits intended to be made available under such Award. In the event of any such change in the outstanding
Common Stock or distribution to the holders of Common Stock, or upon the occurrence of any other event described in this Paragraph
XII, the aggregate maximum number of shares available under the Plan, the aggregate maximum number of shares that may be issued
under the Plan through Incentive Stock Options, and the maximum number of shares that may be subject to Awards granted to any
one individual shall be appropriately adjusted to the extent, if any, determined by the Committee, whose determination shall be
conclusive.

 

(f)
Stockholder Action. Any adjustment provided for in the above Subparagraphs shall be subject to any stockholder action
required by applicable law or regulation or the Company’s memorandum or Articles of Association.

 

(g)
No Adjustments Unless Otherwise Provided. Except as hereinbefore expressly provided, the issuance by the Company
of shares of stock of any class or securities convertible into shares of stock of any class, for cash, property, labor or services,
upon direct sale, upon the exercise of rights or warrants to subscribe therefor, or upon conversion of shares or obligations of
the Company convertible into such shares or other securities, and in any case whether or not for fair value, shall not affect,
and no adjustment by reason thereof shall be made with respect to, the number of shares of Common Stock subject to Awards theretofore
granted or the purchase price per share, if applicable.

 

XIII.
AMENDMENT AND TERMINATION OF THE PLAN

 

The
Board in its discretion may terminate the Plan at any time with respect to any shares of Common Stock for which Awards have not
theretofore been granted. The Board shall have the right to alter or amend the Plan or any part thereof from time to time; provided
that no change in the Plan may be made that would materially impair the rights of a Participant with respect to an Award theretofore
granted without the consent of the Participant, and provided, further, that the Board may not, without approval of the stockholders
of the Company, (a) amend the Plan to increase the aggregate maximum number of shares that may be issued under the Plan, increase
the aggregate maximum number of shares that may be issued under the Plan through Incentive Stock Options, or change the class
of individuals eligible to receive Awards under the Plan, or (b) amend or delete Paragraph VII(f).

 

    	 

    	 

    

 

XIV.
MISCELLANEOUS

 

(a)
No Right to an Award. Neither the adoption of the Plan nor any action of the Board or of the Committee shall be
deemed to give any individual any right to be granted an Award, or any other rights hereunder except as may be evidenced by an
Award agreement duly executed on behalf of the Company, and then only to the extent and on the terms and conditions expressly
set forth therein. The Plan shall be unfunded. The Company shall not be required to establish any special or separate fund or
to make any other segregation of funds or assets to assure the performance of its obligations under any Award.

 

(b)
No Employment/Membership Rights Conferred. Nothing contained in the Plan shall (i) confer upon any person any right
with respect to continuation of employment or of a consulting or advisory relationship with the Company or any Affiliate or (ii)
interfere in any way with the right of the Company or any Affiliate to terminate his or her employment or consulting or advisory
relationship at any time. Nothing contained in the Plan shall confer upon any Director any right with respect to continuation
of membership on the Board or the board of directors (or analogous governing body) of any Affiliate of the Company, or shall confer
on any officer any right with respect to continuation in office.

 

(c)
Other Laws; Withholding. The Company shall not be obligated to issue any Common Stock pursuant to any Award granted
under the Plan at any time when the shares covered by such Award have not been registered under the Securities Act of 1933, as
amended, and such other state and federal laws, rules, and regulations as the Company or the Committee deems applicable and, in
the opinion of legal counsel for the Company, there is no exemption from the registration requirements of such laws, rules, and
regulations available for the issuance and sale of such shares. No fractional shares of Common Stock shall be delivered, nor shall
any cash in lieu of fractional shares be paid unless otherwise determined by the Committee. The Company shall have the right to
deduct in connection with all Awards any taxes required by law to be withheld and to require any payments required to enable it
to satisfy its withholding obligations.

 

(d)
No Restriction on Corporate Action. Nothing contained in the Plan shall be construed to prevent the Company or any
Affiliate from taking any action which is deemed by the Company or such Affiliate to be appropriate or in its best interest, whether
or not such action would have an adverse effect on the Plan or any Award made under the Plan. No Participant, beneficiary or other
person shall have any claim against the Company or any Affiliate as a result of any such action.

 

    	 

    	 

    

 

(e)
Restrictions on Transfer. An Award (other than an Incentive Stock Option, which shall be subject to the transfer
restrictions set forth in Paragraph VII(c)) shall not be transferable otherwise than (i) by will or the laws of descent and distribution,
(ii) pursuant to a qualified domestic relations order as defined by the Code or Title I of the Employee Retirement Income Security
Act of 1974, as amended, or the rules thereunder, or (iii) with the consent of the Committee.

 

(f)
Stockholders Agreement. Shares of Common Stock subject to, or acquired pursuant to, an Award shall be subject to
the terms of the Stockholders Agreement. As a condition to participation in the Plan, each Participant agrees that the Participant
and the Participant’s spouse, if any, will, upon request of the Company, execute and deliver to the Company such documents
and instruments as the Company, in its discretion, may require to evidence such persons’ agreement to be bound by the terms
of the Stockholders Agreement.

 

(g)
Clawback. Notwithstanding any provisions in the Plan to the contrary, any portion of the payments and benefits provided
under the Plan or the sale of shares of Common Stock shall be subject to a clawback or other recovery by the Company to the extent
necessary to comply with applicable law including, without limitation, the requirements of the Dodd-Frank Wall Street Reform and
Consumer Protection Act of 2010 or any Securities and Exchange Commission rule.

 

(h)
Delayed Payment Restriction. Notwithstanding any provision in the Plan or an Award agreement to the contrary, if
any payment or benefit provided for under an Award would be subject to additional taxes and interest under section 409A of the
Code if the Participant’s receipt of such payment or benefit is not delayed in accordance with the requirements of section
409A(a)(2)(B)(i) of the Code, then such payment or benefit shall not be provided to the Participant (or the Participant’s
estate, if applicable) until the earlier of (i) the date of the Participant’s death or (ii) the date that is six months
after the date of the Participant’s separation from service with the Company.

 

(i)
Governing Law. The Plan shall be governed by, and construed in accordance with, the laws of the State of Texas, U.S.A.,
without regard to conflicts of laws principles thereof.Exhibit 10.13 12-31-2014

Exhibit 10.13

LONG TERM INCENTIVE AGREEMENT
UNDER THE CITRIX SYSTEMS, INC.
2005 EQUITY INCENTIVE PLAN

Name of Awardee:
Award Date:            (the “Grant Date”)
Number of Restricted Stock Units at 100% Attainment:                    (the “Target Award”)

Pursuant to the Citrix Systems, Inc. 2005 Equity Incentive Plan (the “Plan”), Citrix Systems, Inc. (the “Company”) hereby grants an Award (as defined in the Plan) of Restricted Stock Units (as defined in the Plan) to the awardee named above (the “Awardee”). Upon execution of this Restricted Stock Unit Agreement (this “Agreement”), the Awardee shall receive an Award of Restricted Stock Units, subject to the restrictions and conditions set forth herein and in the Plan.
1.Vesting.
(a)Except as otherwise provided herein, the vesting of the Restricted Stock Units shall be based on the Company’s performance during the Performance Period (as defined below), and shall be further subject to the Awardee’s continued employment with the Company or its Affiliates through the conclusion of the Performance Period.  No portion of this Award may be earned until such portion has vested and such award shall be payable in accordance with Section 3 of this Agreement.  As used herein, “Performance Period” shall mean the three-year period beginning January 1, 2009 and ending December 31, 2011.
(b)The Compensation Committee, as promptly as practicable (but in no event later than 60 days) following the conclusion of the Performance Period, shall determine the actual number of Restricted Stock Units that will vest upon the final day of the Performance Period (the “Vesting Date”) in accordance with Section 2.  The Awardee shall forfeit any portion of this Award that does not vest upon the conclusion of the Performance Period.
2.Performance Targets.
(a)No Restricted Stock Units will vest on the Vesting Date unless Stock Appreciation (as defined below) for the Performance Period is at least 10 percent.  If Stock Appreciation equals or exceeds 10 percent, then the number of Restricted Stock Units that will vest on the Vesting Date shall be determined by the Compensation Committee based on the percentage, if any, that Stock Appreciation (as defined below) exceeds the Weighted Index Appreciation (as defined below) for the Performance Period as described below:
(i)If Stock Appreciation does not exceed or exceeds the Weighted Index Appreciation by less than 33 percent, then no Restricted Stock Units shall vest.  For example, if the Weighted Index Appreciation for the Performance Period was 15 percent, then no Restricted Stock Units would vest hereunder unless the Stock Appreciation for the Performance Period was equal to or exceeded 19.95 percent.
(ii)If Stock Appreciation exceeds the Weighted Index Appreciation by 33 percent or more, then the Awardee shall vest with respect to a percentage of the Target Award equal to the percentage that Stock Appreciation for the Performance Period exceeds the Weighted Index Appreciation, not to exceed 200 percent of the Target Award.  For example, if the Weighted Index Appreciation for the Performance Period was 15 percent, then the Awardee would vest with respect to (x) 33 percent of the Target Award upon Stock Appreciation of 19.95 percent, (y) 100 percent of the Target Award upon Stock Appreciation of 30 percent, and (z) 200 percent of the Target Award upon Stock Appreciation of 45 percent or more.
(iii)For purposes of clarity, (x) no portion of this Award shall vest unless Stock Appreciation exceeds the Weighted Index Appreciation by at least 33 percent, (y) Restricted Stock Units with respect to not more than 200 percent of the Target Award may vest hereunder, and (z) no portion of this Award shall vest if the Stock Appreciation is less than 10 percent.
(b)Upon a Change in Control (as defined below) that occurs prior to the end of the Performance Period, the Awardee shall vest with respect to a portion of the Restricted Stock Units based on the Stock Appreciation compared to the Weighted Index Appreciation (determined pursuant to Section 2(a) by the Compensation Committee), as if the Performance Period ended on the business day that is two business days immediately preceding the effective date of such Change in Control; provide, however, that for purposes of this Section 2(b) only, the number of Restricted Stock Units determined pursuant to Section 2(a) by the Compensation Committee shall be multiplied by a fraction the numerator of which shall be the number of full and partial months from the Grant Date to the effective date of the Change in Control and the denominator of which shall be 36.  Awardee acknowledges and agrees that the terms of Section 4(e) of the Awardee’s Change in Control Agreement with the Company, which provides for the accelerated vesting of performance-vesting awards at target in connection with a [Change in Control [CEO only]] [Terminating Event (as such term is defined in such agreement)], shall not apply to this Award of Restricted Stock Units and that, except as set forth herein, Awardee has no right under this Agreement to settle all or any portion of the Award in cash.
(c)As used herein, the following terms shall have the following respective meanings:
A “Change in Control” shall be deemed to have occurred upon the occurrence of any one of the following events:

(i)    any “Person,” as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended and in effect from time to time (the “Exchange Act”) (other than the Company, any of its subsidiaries, or any trustee, fiduciary or other person or entity holding securities under any employee benefit plan or trust of the Company or any of its subsidiaries), together with all “affiliates” and “associates” (as such terms are defined in Rule 12b-2 under the Exchange Act) of such Person, shall become the “beneficial owner” (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing more than 50 percent of the combined voting power of the Company’s then outstanding securities having the right to vote in an election of the Company’s Board of Directors; or
(ii) consummation of a consolidation, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company in a single transaction or series of related transactions (a “Corporate Transaction”); excluding, however, a Corporate Transaction in which the stockholders of the Company immediately prior to the Corporate Transaction, would, immediately after the Corporate Transaction, beneficially own (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, shares representing in the aggregate more than 50 percent of the voting shares of the corporation issuing cash or securities in the Corporate Transaction (or of its ultimate parent corporation, if any).
“Stock Appreciation” means a percentage equal to the appreciation of the Stock over the Performance Period determined by using the closing stock price of the Stock on December 31, 2008 as a beginning point and the average closing stock price of the Stock for the last 30 business days of the Performance Period as an end point.  The starting point for the Stock for the Performance Period is $23.57.
“Weighted Index Appreciation” means a percentage equal to the sum of (x) the product of (i) the appreciation of the S&P 500 (GSPC) over the Performance Period determined by using the closing value of such index on December 31, 2008 as a beginning point and the average value of such index for the last 30 business days of the Performance Period as an end point and (ii) 2/3, plus (y) the product of (i) the appreciation of the S&P GSTI (IGM) over the Performance Period determined by using the closing value of such index on December 31, 2008 as a beginning point and the average value of such index for the last 30 business days of the Performance Period as an end point and (ii) 1/3.  The starting point for the S&P 500 (GSPC) index for the Performance Period is $903.25, and the starting point for the S&P GSTI (IGM) index for the Performance Period is $33.52.  
3.Issuance of Stock.
(a)Subject to determination of attainment levels by the Compensation Committee, each vested Restricted Stock Unit entitles Awardee to receive one share of Stock, payable following the earliest of (i) six months and one day following the Awardee’s Separation from Service (as defined below) for any reason other than Cause (as such term is defined in the Awardee’s Change in Control Agreement with the Company), provided such separation from service occurs after the Vesting Date; (ii) the Awardee’s death; and (iii) the effective date of a Change in Control of the Company, whether prior to or after the Vesting Date (the “Payment Date”).  Except as set forth in Section 4, as soon as practicable (but in no event later than 30 days) following the Payment Date, the Company shall issue shares of Stock to Awardee (or Awardee’s designated beneficiary or estate executor in the event of Awardee’s death) with respect to any Restricted Stock Units which, as of the Payment Date, have vested.
As used herein, “Separation from Service” shall mean the Awardee’s “separation from service” within the meaning of Section 409A of the Code, and determined in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h).
(b)After the Payment Date, the Awardee’s name shall be entered as the stockholder of record on the books and records of the Company with respect to the Shares of Stock underlying the Restricted Stock Units issued in accordance with Section 3(a) and upon compliance to the satisfaction of the Compensation Committee with all requirements under applicable laws or regulations in connection with such issuance and with the requirements hereof and of the Plan.  The determination of the Compensation Committee as to such compliance shall be final and binding on Awardee.
(c)Until such time as shares of Stock have been issued to Awardee pursuant to Section 3(b) above, and except as set forth in Section 3(d) below regarding dividends and dividend equivalents, Awardee shall not have any rights as a holder of the shares of Stock underlying this Award including but not limited to voting rights.
(d)If on any date after the Vesting Date but prior to the Payment Date the Company shall pay any dividend on shares of Stock of the Company, the number of Restricted Stock Units credited to Awardee shall, as of such date, be increased by an amount determined by the following formula:
		
	W = 
	(X multiplied by Y) divided by Z, where:

		
	W = 
	the number of additional Restricted Stock Units to be credited to Awardee on such dividend payment date;

		
	X = 
	the aggregate number of Restricted Stock Units (whether vested or unvested) credited to Awardee as of the record date of the dividend;

		
	Y = 
	the cash dividend per share amount; and

		
	Z = 
	the Fair Market Value per share of Stock (as determined under the Plan) on the dividend payment date.

In the case of a dividend paid on Stock in the form of Stock, including without limitation a distribution of Stock by reason of a stock dividend, stock split or otherwise, the number of Restricted Stock Units credited to Awardee shall be increased by a number equal to the product of (i) the aggregate number of Restricted Stock Units that have been awarded to Awardee through the related dividend record date, and (ii) the number of shares of Stock (including any fraction thereof) payable as dividend on one share of Stock. In the case of a dividend 

payable in property other than shares of Stock or cash, the per share of Stock value of such dividend shall be determined in good faith by the Board of Directors of the Company and shall be converted to additional Restricted Stock Units based on the formula above. Any additional Restricted Stock Units shall be subject to the vesting and restrictions of this Agreement in the same manner and for so long as the Restricted Stock Units granted pursuant to this Agreement to which they relate remain subject to such vesting and restrictions, and shall be promptly forfeited to the Company if and when such Restricted Stock Units are so forfeited.
4.Termination of Employment.  If Awardee’s employment by the Company or any of its Affiliates (as defined in the Plan) is voluntarily or involuntarily terminated for any reason (including death or disability), Awardee’s right in any Restricted Stock Units that are not vested shall automatically terminate upon the effective date of such termination of employment with the Company and its Affiliates and such Restricted Stock Units shall be canceled as provided within the terms of the Plan and shall be of no further force and effect.  Upon termination of the Awardee’s employment for Cause (as such term is defined in the Awardee’s Change in Control Agreement with the Company), the Awardee shall forfeit any vested Restricted Stock Units granted hereunder.
5.Incorporation of Plan.  Notwithstanding anything herein to the contrary, this Award shall be subject to and governed by all the terms and conditions of the Plan.  Capitalized terms in this Agreement shall have the meaning specified in the Plan, unless a different meaning is specified herein.
6.Transferability.  This Agreement is personal to Awardee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Award is available, during Awardee's lifetime, only to Awardee, and thereafter, only to Awardee's designated beneficiary.
7.Tax Withholding of Shares of Stock.  The Awardee shall, not later than any date as of which the receipt of this Award becomes a taxable event for Federal income or employment tax purposes, pay to the Company or make arrangements satisfactory to the Company for payment of any Federal, state, and local taxes required by law to be withheld on account of such taxable event (including, without limitation, any Federal, state or local income tax related to the withholding of shares for purposes of paying employment taxes).  The Awardee hereby elects to have such minimum tax withholding obligation satisfied in full by authorizing the Company to withhold from shares of Stock to be issued hereunder that number of shares of Stock with an aggregate Market Value that would satisfy the tax withholding amount due.
8.Tax Consequences.  The Company makes no representation or warranty as to the tax treatment to the Awardee of Awardee’s receipt of the Award, the vesting of Restricted Stock Units, the issuance of Shares hereunder or Awardee’s sale or other disposition of the Stock.  The Awardee should rely on his or her own tax advisors for such advice.
9.Section 409A.  The parties intend that this Agreement will be administered in accordance with Section 409A of the Code.  To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code.  This Agreement may be amended as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party.  The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section.
10.Miscellaneous.
(a)Notice hereunder shall be given to the Company at its principal place of business, and shall be given to the Awardee at the address set forth below, or in either case at such other address as one party may subsequently furnish to the other party in writing.
(b)The Compensation Committee may amend the terms of this Agreement, prospectively or retroactively; provided that the Agreement as amended is consistent with the terms of the Plan, but no such amendment shall impair the Awardee’s rights under this Agreement without the Awardee’s consent.
(c)Neither the Company nor any Affiliate is obligated by or as a result of the Plan or this Agreement to continue the Awardee in employment and neither the Plan nor this Agreement shall interfere in any way with the right of the Company or any Affiliate to terminate the employment of the Awardee at any time.
(d)This Agreement shall be construed and enforced in accordance with the laws of the State of Delaware, without regard to the conflict of laws principles thereof.
(e)This Agreement shall be binding upon and inure to the benefit of any successor or assign of the Company and any executor, administrator, trustee, guardian or other legal representative of the Awardee.
(f)This Agreement may be executed in one or more counterparts, all of which together shall constitute but one instrument. This Agreement and the Plan together constitute the entire agreement between the parties relative to the subject matter hereof, and supersede all proposals written or oral relating to the subject matter hereof.
[THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]
In witness whereof, the parties have executed this Agreement as a sealed instrument as of the date first written above.
CITRIX SYSTEMS, INC.

 ____________________________________
By:         
Title:         

The foregoing Agreement is hereby accepted and the terms and conditions thereof hereby agreed to by the undersigned.
 
	
		
	Date:_________________________
	Awardee’s Name: _________________________
[Printed Name]

Awardee’s Address:

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