Document:

Employee Agreement

 EXHIBIT 10.1 
  
 Employment agreement managing director 
  
 The undersigned: 
  

	1.	 	The company with limited liability Resources Connection.NL B.V., established at Planetenbaan 63 (3606 AK) in Maarssen, represented by Mr. J. Brandsema, hereinafter the
“Company”; 

  

	2.	 	Resources Connection Inc., established at 695 Town Center Drive, Suite 600, Costa Mesa, California 92626 in the United States, represented by Ms. Kate Duchene, hereinafter the
“Guarantor” 

  
 and 
  

	3.	 	Mr. L. Witvliet, residing at Parklaan 103 in (2011 KT) Haarlem, hereinafter the “Managing Director”; 

  
 Whereas: 
  
 The Managing Director is appointed as Managing Director of the Company. The parties desire to set forth the terms and conditions applying to
the Managing Director’s employment in this agreement. 
  
 Declare and have
agreed as follows: 
  

	1.	 	Date of Commencement of Employment and Position 

  

	1.1	 	The Managing Director shall enter into an employment agreement with the Company in the position of managing director (in Dutch: “statutair directeur”), effective as
of 1 July 2003. The title of the Managing Director shall be that of “Chief Executive Officer”. 

  

	1.2	 	The Managing Director’s place of employment will be the office of the Company in Maarssen. The Company will be entitled to change the place of employment after consultation
with the Managing Director. 

  

	1.3	 	The Managing Director shall fulfil all obligations vested in him by law, laid down in the articles of association of the Company and in instructions determined or to be determined
in a management regulation. The Managing Director shall directly report to the Chief Executive Officer of the parent company of the Company. 

	1.4	 	The Managing Director is obliged to do or to refrain from doing all that managing directors in similar positions should do or should refrain from doing. The Managing Director shall
fully devote himself, his time and his energy to promoting the interest of the Company. 

  

	2.	 	Duration of the Agreement and Notice of Termination 

  

	2.1	 	This agreement is entered into for a definite period of two years, starting as of 1 July 2003 until 1 July 2005 (the “Initial Period”). During the Initial Period the
agreement can not be terminated (in Dutch: “opgezegd”) by either party, except for urgent cause as described in article 7:677 of the Dutch Civil Code (the “DCC”). If the Company terminates the agreement during the Initial
Period, except for urgent cause as described in article 7:677 of the DCC, it shall pay: 

  

	 	(i)	 	the equivalent amount of the fixed salary as from the date of termination until the end of the Initial Period; 

  

	 	(ii)	 	the equivalent amount of the variable salary as from the date of termination until the end of the Initial Period, whereby parties extend the guarantee mentioned in article 4.1 to
the variable salary during the entire Initial Period; and 

  

	 	(iii)	 	the amount mentioned in article 2.2, 

  
 in order to settle in advance any dispute on the termination of the contract, the parties to this employment agreement expressly consider this arrangement
to be a deed of settlement (in Dutch “vaststellingsovereenkomst”) in the terms of article 7:900 of the DCC. 
  

	2.2	 	Ultimately 31 December 2004, the Chief Executive Officer of the parent Company and the Managing Director shall decide whether the agreement shall be continued. If the agreement is
not continued after 1 July 2005, the Company shall pay to the Managing Director the amount equal to the average twelve-month fixed and variable salary over the duration of this agreement. Alternatively, the Managing Director may opt to participate
in the prevailing share option scheme (maximum of 25,000 share options) of the parent company of the Company, such to his discretion. 

  

	2.3	 	If the agreement is continued after 1 July 2005, it will be continued for an indefinite period. In that case the agreement may be terminated by the Company with due observance of a
notice period of four months, and by the Managing Director with due observance of a notice period of two months. If the termination of the employment agreement is initiated by the Company, for other than urgent cause as described in article 7:677 of
the DCC, the Company shall pay to the Managing Director: 

  

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	 	(i)	 	the amount equal to the gross fixed salary over the last four months immediately preceding the date the Company initiates termination of the agreement; 

  

	 	(ii)	 	the amount equal to the gross fixed salary over the last four months immediately preceding the date the Company initiates termination of the agreement in lieu of notice; and

  

	 	(iii)	 	the amount equal to the eight-month pro rata portion of the guaranteed variable salary for the period 1 July 2003 through 30 June 2004, 

  
 in order to settle in advance any dispute on the termination of the contract,
the parties to this employment agreement expressly consider this arrangement to be a deed of settlement (in Dutch “vaststellingsovereenkomst”) in the terms of article 7:900 of the DCC). 
  

	3.	 	Fixed Salary 

  

	3.1	 	The Managing Director’s salary shall amount to € 277,200.- (two hundred seventy seven thousand two hundred Euro) gross per year, which amount shall be paid in twelve equal
instalments at the end of each month. In addition to this amount the Managing Director shall not be entitled to the payment of a holiday allowance. 

  

	3.2	 	The shareholders of the Company shall annually review the salary, described in article 3.1, and subsequently increase the salary depending on the market conditions and as approved
by the Chief Executive Officer of the parent. 

  

	4.	 	Variable Salary 

  

	4.1	 	The bonus will be at a minimum of € 115,000.- (hundred fifteen thousand Euro) gross for the period from 1 July 2003 until 1 July 2004, to be paid within 60 days of the
Company’s fiscal year end. 

  

	4.2	 	After the first year of employment, the Managing Director’s variable salary will not be guaranteed but will depend upon the revenue results of the Company. The Managing
Director will participate in the Company’s bonus scheme. Two percent of the revenue of the Company will be paid into a bonus pool, which will fund the bonus payouts for the Managing Directors and other management employees as approved by the
Company. Specifically, this bonus pool is distributable by the Managing Directors of the Company, subject to the approval of the General Meeting of Shareholders of the Company. The General Meeting of Shareholders may, in its discretion, supplement
the bonus pool with revenue from the parent company. It is the parties’ intent that the bonus program follow the same program established for management employees of the parent company. The bonus program may be revised from time to time as the
parent Company’s bonus program is revised. 

  

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	5.	 	Expenses and Company Car 

  

	5.1	 	The Company shall reimburse all reasonable and necessary expenses over and above the provision in article 5.2. incurred by the Managing Director in the performance of his duties
upon submission of all the relevant invoices and vouchers. 

  

	5.2	 	The Company shall pay the Managing Director a monthly allowance of € 325.- in addition to his salary for out-of-pocket expenses. At the Company’s request the Managing
Director shall provide the Company with a reasonable justification for the amount of this expense allowance. The expense allowance is subject to annual review by the Company. The Managing Director will request the Dutch tax authorities for a ruling
with regard to the monthly allowance of € 325.- within six months after the signing of this agreement. If the Managing Director cannot show a reasonable justification for the amount of the expense allowance which is acceptable to the Dutch tax
authorities and no ruling will be given by the Dutch tax authorities, the Company shall be entitled to unilaterally decrease the amount of the expense allowance to an amount that is acceptable to the Dutch tax authorities. 

 

	5.3	 	The Company shall pay the contributions related to the Managing Director’s membership of reasonable and necessary occupational organizations as approved by the Chief Executive
Officer of the parent company of the Company. 

  

	5.4	 	The Company shall provide the Managing Director with an monthly allowance of € 600.- net for all costs (including without limitation the costs for purchase, depreciation,
maintenance, insurance and taxation) incurred by the Managing Director in respect of a private car which is appropriate for the discharge of the Managing Director’s duties under this agreement and which shall be used by the Managing Director in
the discharge of the duties for the Company. In addition, the Managing Director shall receive € 0.28 for every kilometre driven in connection with the performance of his tasks under this agreement, which amount is to be adjusted according to
the applicable fiscal regulations. If this arrangement is not accepted by the Dutch tax authorities, the Company shall be entitled to unilaterally change this arrangement and the Managing Director shall indemnify the Company for any fiscal claims
related hereto. 

  

	5.5	 	Alternatively to article 5.4, the Managing Director may participate in the Company’s car lease scheme up to a maximum of € 1,300.- excluding VAT. 

 

	5.6	 	The Company shall provide the Managing Director with a mobile phone for the use by the Managing Director in the performance of his duties under this employment agreement. All costs
with respect to such business use of the mobile 

  

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 phone (including subscription costs) shall be born by the Employer. The Company shall pay the telephone
costs for the Managing Director, to the extent that those costs are necessary and reasonable up to an annual maximum of € 1,000.- provided that this is accepted by the Dutch tax authorities. The Managing Director shall indemnify the Company for
any fiscal claims related hereto. 
  

	6.	 	Holidays 

  

	6.1	 	The Managing Director shall be entitled to 30 working days vacation per year. In taking vacation, the Managing Director shall duly observe the interests of the Company.

  

	7.	 	Insurance’s 

  

	7.1	 	The Managing Director shall be allowed to participate in the Company’s collective health insurance. 

  

	7.2	 	The Managing Director shall be allowed to participate in the Company’s collective disability insurance (“WAO-hiaat en WAO-exedent”). The Company shall bear the
costs for the premium. 

  

	7.3	 	The Company shall enable the Managing Director to continue the insurance facilities under the same conditions and benefits as his current policy’s which are attached hereto as
Annex 1 with respect to: 

  

	 	(i)	 	life insurance for the next twelve-month period; and 

  

	 	(ii)	 	third party liability insurance, 

  
 and bear any costs related thereto as set forth on the attached spreadsheet. With respect to life insurance after the period 30 June 2004, the Company
shall use its best efforts to procure a life insurance facility under substantially similar terms and conditions. The Company shall also agree to cover the associated costs of the new life insurance facility at the same level, or as approved by the
Chief Executive Officer of the parent company of the Company. 
  

	7.4	 	The Company shall provide for Directors & Officers insurance with respect to professional liability as a Managing Director (“statutair directeur”), except when
such liability is caused intentionally or through gross negligence. 

  

	8.	 	Sickness 

  

	8.1	 	In the event of sickness as defined in article 7:629 of the DCC, the Managing Director shall notify the Company as soon as possible, but nevertheless before 9.30 o’clock at the
latest on the first day of sickness. The Managing Director shall observe the Company’s policy pertaining to sickness, as determined by the Company from time to time. 

  

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	8.2	 	In the event of sickness, the Company shall pay to the Managing Director from the first day of sickness 100 % of his salary as defined in articles 3 and 4 to a maximum of 52 weeks
as from the first day of sickness. The above applies, however, only if and to the extent that pursuant to the requirements of article 7:629, sub 3 through 7 and 9 of the DCC, the Company is under the obligation to continue to pay the salary in
accordance with article 7:629, sub 1 of the DCC. 

  

	8.3	 	After the period referred to in paragraph 2 of this article, the Company shall supplement the payments the Managing Director shall receive based on the Dutch Disability Act
(“Wet op de Arbeidsongeschiktheidsverzekering”) and the insurances mentioned under article 7.2 up to 100% of his salary as defined in article 3, up to a maximum of 52 weeks. 

  

	8.4	 	The Managing Director shall not be entitled to the salary payment referred to in paragraph 2 of this article, if and to the extent that in connection with his sickness, he can
validly claim damages from a third party on account of loss of salary and if and to the extent that the payments by the Company set forth in paragraph 2 of this article exceed the minimum obligation referred to in article 7:629 sub 1 of the DCC. In
this event, the Company shall satisfy payment solely by means of an advanced payment on the compensation to be received from the third party and upon assignment by the Managing Director of his rights to damages vis-à-vis the third party
concerned up to the total amount of advanced payments made. The advanced payments shall be set-off by the Company if the compensation is paid or, as the case may be, in proportion thereto. 

  

	9.	 	Pension 

  

	9.1	 	The Managing Director is exempt from the prevailing pension scheme of the Company. In this respect the Managing Director shall sign the waiver attached to this agreement as Annex 2.

  

	9.2	 	The Managing Director can dedicate a part of his salary to be paid gross into a private pension scheme, provided such is in accordance with the applicable fiscal regulations and
provided that this will not lead to extra costs for the Company. 

  

	9.3	 	As an alternative to sections 9.1 and 9.2 above, the Managing Director, within 180 days of execution of this agreement, may chose to participate in the Company’s pension scheme
effective 1 July 2003, by notifying the Company in writing of his decision to decline the provisions of sections 9.1 and 9.2 and returning the attached waiver without execution. 

  

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	10.	 	Guarantee 

  

	10.1	 	The Guarantor guarantees compliance of all obligations of the Company under this agreement towards the Managing Director. 

  

	11.	 	No additional occupation 

  

	11.1	 	The Managing Director shall refrain from accepting remunerated or time consuming non-remunerated work activities with or for third parties or from doing business for his own account
without the prior written consent of the shareholders of the Company. 

  

	12.	 	Confidentiality 

  

	12.1	 	The Managing Director shall observe strict confidentiality during and after termination of this agreement regarding any and all information concerning the affairs, interests and
customers of the Company, which has come to his knowledge in connection with the performance under this agreement or his dealings with the Company. 

  

	12.2	 	The provisions set forth in this article shall survive the termination of this agreement. 

  

	13.	 	Non-Competition 

  

	13.1	 	The Managing Director acknowledges that during the term of this agreement he is likely to develop close links with clients and other employees of the Company and/or any affiliated
companies and to have access to confidential information and accepts that the restrictions in this clause are reasonable and necessary for the protection of the Company’s legitimate interests. If the Managing Director terminates this agreement
or the agreement is terminated by the Company pursuant to the termination provisions set forth herein, for twelve months thereafter, the Managing Director shall not in any relevant capacity be engaged, concerned or interested in, carry on or assist
in any Restricted Activity with the Netherlands. 

  
 Restricted Activity is any business, service or other activity: 
  

	 	(i)	 	in competition with, or about to be in competition with, any business, service or other activity carried on or provided by the Company and/or any affiliated companies, at 1 July
2003 and in which business, service or other activity the Managing Director was engaged during the twelve months immediately proceeding 1 July 2003; or 

  

	 	(ii)	 	in relation to which the Managing Director is, by virtue of this Agreement, in possession of Confidential Information at 1 July 2003. 

  

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	14.	 	Non-solicitation of clients 

  

	14.1	 	The Managing Director shall not after termination of this agreement in any manner approach with the intent to entice away from the Company: 

  

	 	(i)	 	any clients of the Company; and/or 

  

	 	(ii)	 	parties which were clients of the Company in the period of eighteen months immediately preceding the termination of this agreement. 

  

	15.	 	Non-solicitation of employees 

  

	15.1	 	The Managing Director shall not after termination of this agreement in any manner approach an/or entice into an employment relation with third parties or with the Company itself:

  

	 	(i)	 	any personnel of the Company; and/or 

  

	 	(ii)	 	personnel which were employed by the Company in the period of two years immediately preceding the termination of this agreement. 

  

	16.	 	Penalty 

  

	16.1	 	In the event that the Managing Director breaches the obligations under article 12, 13, 14 and/or 15 thereof, he shall without any prior demand or court order being required, be
obliged to pay a penalty, which shall be immediately due and payable, in the amount of € 10,000.- (ten thousand Euro) for each such breach and € 1,000.- (one thousand Euro) for each day such breach shall continue, without prejudice,
however, to all other rights of the Company, in particular the right to file a claim in summary proceedings, and without prejudice to the obligation of the Managing Director to pay the Company full damages in stead of the penalty.

  

	17.	 	Applicable Law, No CAO 

  

	17.1	 	This agreement is governed by the laws of the Netherlands. 

  

	17.2	 	No Collective Labour Agreement (in Dutch: “CAO”) is applicable to this agreement. 

  
 In witness whereof, this agreement has been signed and executed in duplicate this July 15, 2003. 
  

	 /s/    J. Brandsema

	 	 /s/    Leo Witvliet

	 	 /s/    Robert Leach

	The Company	 	The Managing Director	 	The Guarantor

  
 Annexes: 
  

	1.	 	Current policy’s and spreadsheet as mentioned in article 7.3 

  

	2.	 	Waiver as mentioned in article 9.1 

  

 8Registrant's 2003 Employee Stock Purchase Plan

 Exhibit 4.07 
  
 Macromedia, Inc. 
  
 2003 EMPLOYEE STOCK PURCHASE PLAN 
  
 As Adopted May 30, 2003 
  
 1. Establishment of Plan. Macromedia, Inc. (the “Company”) proposes to grant options for purchase of the Company’s
Common Stock to eligible employees of the Company and its Participating Subsidiaries (as hereinafter defined) pursuant to this 2003 Employee Stock Purchase Plan (this “Plan”). For purposes of this Plan, “Parent
Corporation” and “Subsidiary” shall have the same meanings as “parent corporation” and “subsidiary corporation” in Sections 424(e) and 424(f), respectively, of the Internal Revenue Code of
1986, as amended (the “Code”). “Participating Subsidiaries” are Parent Corporations or Subsidiaries that the Board of Directors of the Company (the “Board”) designates from time
to time as corporations that shall participate in this Plan. The Company intends this Plan to qualify as an “employee stock purchase plan” under Section 423 of the Code (including any amendments to or replacements of such Section), and
this Plan shall be so construed. Any term not expressly defined in this Plan but defined for purposes of Section 423 of the Code shall have the same definition herein. A total of 600,000 shares of the Company’s Common Stock is reserved for
issuance under this Plan. Furthermore, on each January 1st until January 1, 2010, the aggregate number of shares of
the Company’s Common Stock reserved for issuance under this Plan shall be increased automatically by a number of shares equal to one percent (1%) of the total number of outstanding shares of the Company’s Common Stock on the immediately
preceding December 31st; provided, that the Board or the Committee may, in its sole discretion, reduce the amount of
the increase in any particular year; and, provided further, that the aggregate number of shares issued over the term of this Plan shall not exceed 20,000,000 shares. The share limitations set forth in this Section 1 shall be subject to adjustments
effected in accordance with Section 14 of this Plan. 
  
 2.
Purpose. The purpose of this Plan is to provide eligible employees of the Company and Participating Subsidiaries with a convenient means of acquiring an equity interest in the Company through payroll deductions, to enhance such employees’
sense of participation in the affairs of the Company and Participating Subsidiaries, and to provide an incentive for continued employment. 
  
 3. Administration. This Plan shall be administered by the Compensation Committee of the Board (the “Committee”). Subject to
the provisions of this Plan and the limitations of Section 423 of the Code or any successor provision in the Code, all questions of interpretation or application of this Plan shall be determined by the Committee and its decisions shall be final and
binding upon all participants. The Committee has the discretion to adopt any rules regarding the Plan operation and administration to accommodate the specific requirements of local laws and procedures to enable non-U.S. employees of the Company or
its Subsidiaries to participate in the Plan at the discretion of the Committee. Without limiting the generality of the foregoing, the Committee is specifically authorized to adopt rules and procedures regarding handling of payroll deductions,
payment of interest, conversion of local currency, payroll tax, withholding procedures and handling of stock certificates which vary with local requirements. The Committee has the authority to suspend or limit non-U.S. participation in the Plan for
any reason, including administrative or economic reasons. Members of the Committee shall receive no compensation for their services in connection with the administration of this Plan, other than standard fees as established from time to time by the
Board for services rendered by Board members serving on Board committees. All expenses incurred in connection with the administration of this Plan shall be paid by the Company. 
  
 4. Eligibility. Any employee of the Company or the Participating Subsidiaries is eligible to participate in an
Offering Period (as hereinafter defined) under this Plan except the following: 
  
 (a) employees who are not employed by the Company or a Participating Subsidiary prior to the beginning of such Offering Period or prior to such other time period as specified by the Committee; 
  
 (b) employees who are customarily employed for twenty (20) hours or less per
week unless required by local law as determined by the Committee; 
  

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 (c) employees who are customarily employed for five (5) months or less in a calendar year unless required
by local law as determined by the Committee; 
  
 (d) employees
who, together with any other person whose stock would be attributed to such employee pursuant to Section 424(d) of the Code, own stock or hold options to purchase stock possessing five percent (5%) or more of the total combined voting power or value
of all classes of stock of the Company or any of its Participating Subsidiaries or who, as a result of being granted an option under this Plan with respect to such Offering Period, would own stock or hold options to purchase stock possessing five
percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or any of its Participating Subsidiaries; and 
  
 (e) individuals who provide services to the Company or any of its Participating Subsidiaries as independent contractors who are reclassified as common law
employees for any reason except for federal income and employment tax purposes. 
  
 5. Offering Dates. The offering periods of this Plan (each, an “Offering Period”) shall be of twenty-four
(24)months duration commencing on February 16 and August 16 of each year and ending on February 15 and August 15 of each year. Each Offering Period shall consist of four (4) six month purchase periods (individually, a “Purchase
Period”) during which payroll deductions of the participants are accumulated under this Plan. The first business day of each Offering Period is referred to as the “Offering Date”. The last business day of each
Purchase Period is referred to as the “Purchase Date”. The Committee shall have the power to change the Offering Dates, the Purchase Dates and the duration of Offering Periods or Purchase Periods without stockholder approval
if such change is announced prior to the relevant Offering Period, or prior to such other time period as specified by the Committee. 
  
 6. Participation in this Plan. Eligible employees may become participants in an Offering Period under this Plan on an Offering Date after
satisfying the eligibility requirements by delivering a subscription agreement to the Company prior to such Offering Date, or such other time period as specified by the Committee. Notwithstanding the foregoing, the Committee may set a later time for
filing the subscription agreement authorizing payroll deductions for all eligible employees with respect to a given Offering Period. An eligible employee who does not deliver a subscription agreement to the Company by such date after becoming
eligible to participate in such Offering Period shall not participate in that Offering Period or any subsequent Offering Period unless such employee enrolls in this Plan by filing a subscription agreement with the Company prior to such Offering
Date, or such other time period as specified by the Committee. Once an employee becomes a participant in an Offering Period, such employee will automatically participate in the Offering Period commencing immediately following the last day of the
prior Offering Period unless the employee withdraws or is deemed to withdraw from this Plan or terminates further participation in the Offering Period as set forth in Section 11 below. Such participant is not required to file any additional
subscription agreement in order to continue participation in this Plan. 
  
 7. Grant of Option on Enrollment. Enrollment by an eligible employee in this Plan with respect to an Offering Period will constitute the grant (as of the Offering Date) by the Company to such employee of an option to purchase on the
Purchase Date up to that number of shares of Common Stock of the Company determined by dividing (a) the amount accumulated in such employee’s payroll deduction account during such Purchase Period by (b) the lower of (i) eighty-five percent
(85%) of the fair market value of a share of the Company’s Common Stock on the Offering Date (but in no event less than the par value of a share of the Company’s Common Stock), or (ii) eighty-five percent (85%) of the fair market value of
a share of the Company’s Common Stock on the Purchase Date (but in no event less than the par value of a share of the Company’s Common Stock), provided, however, that the number of shares of the Company’s Common Stock subject
to any option granted pursuant to this Plan shall not exceed the lesser of (x) the maximum number of shares set by the Committee pursuant to Section 10(c) below with respect to the applicable Purchase Date, or (y) the maximum number of shares which
may be purchased pursuant to Section 10(b) below with respect to the applicable Purchase Date. The fair market value of a share of the Company’s Common Stock shall be determined as provided in Section 8 below. 
  
 8. Purchase Price. The purchase price per share at which a share of
Common Stock will be sold in any Offering Period shall be eighty-five percent (85%) of the lesser of: 
  
 (a) The fair market value on the Offering Date; or 
  

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 (b) The fair market value on the Purchase Date. 
  
 For purposes of this Plan, the term “Fair Market
Value” means, as of any date, the value of a share of the Company’s Common Stock determined as follows: 
  
 (a) if such Common Stock is then quoted on the Nasdaq National Market, its closing price on the Nasdaq National Market on the date of determination as
reported in The Wall Street Journal; 
  
 (b) if such Common
Stock is publicly traded and is then listed on a national securities exchange, its closing price on the date of determination on the principal national securities exchange on which the Common Stock is listed or admitted to trading as reported in
The Wall Street Journal; 
  
 (c) if such Common Stock is
publicly traded but is not quoted on the Nasdaq National Market nor listed or admitted to trading on a national securities exchange, the average of the closing bid and asked prices on the date of determination as reported in The Wall Street
Journal; or 
  
 (d) if none of the foregoing is applicable, by
the Board in good faith. 
  
 9. Payment of Purchase
Price; Changes In Payroll Deductions; Issuance of Shares. 
  
 (a) The purchase price of the shares is accumulated by regular payroll deductions made during each Offering Period. The deductions are made as a percentage of the participant’s compensation in one percent (1%) increments not
less than two percent (2%), nor greater than ten percent (10%). Compensation shall mean all cash compensation (such as all cash compensation as reported on U.S. Form W-2) that constitutes net pay, including but not limited to, base salary, wages,
commissions, overtime, shift premiums and bonuses, plus draws against commissions, provided, however, that for purposes of determining a participant’s compensation, any election by such participant to reduce his or her regular cash
remuneration under Section 125 or 401(k) of the Code and any pension plan contribution qualified for tax-favored treatment under local law shall be treated as if the participant did not make such election. Compensation shall not include any: (i)
relocation compensation or reimbursement, whether taxable or non-taxable; (ii) gifts or similar compensation; (iii) loans forgiven and/or debt forgiveness income; (iv) severance pay paid after the Participant’s date of termination of
employment; (v) amounts realized from the issuance, exercise, sale or other disposition of equity, including but not limited to stock, stock options, and stock of the Employer purchased under this Plan or other such plan sponsored by the Employer
(including, but not limited to, amounts realized from the exercise of a qualified stock option, amounts realized when restricted stock is no longer subject to a substantial risk of forfeiture, and amounts realized from the disposition of a qualified
stock option), (vi) the Company’s contributions to the Macromedia, Inc. 401(k) Employee Savings Plan or any other plan of deferred compensation; (vii) additional benefits payable other than in cash; (viii) tax equalization compensation or other
similar amounts; and (ix) compensation received prior to an individual becoming a Participant in this Plan. Compensation shall include any amounts deferred under a salary reduction arrangement in accordance with Section 4.1 and under a Code Section
125 plan maintained by the Employer. Payroll deductions shall commence on the first payday of the Offering Period and shall continue to the end of the Offering Period unless sooner altered or terminated as provided in this Plan. 
  
 (b) A participant may increase or decrease the rate of payroll deductions
during an Offering Period by filing with the Company a new authorization for payroll deductions, in which case the new rate shall become effective for the next payroll period commencing after the Company’s receipt of the authorization and shall
continue for the remainder of the Offering Period unless changed as described below. Such change in the rate of payroll deductions may be made at any time during an Offering Period, but not more than one (1) change may be made effective during any
Purchase Period. A participant may increase or decrease the rate of payroll deductions for any subsequent Offering Period by filing with the Company a new authorization for payroll deductions prior to the beginning of such Offering Period, or prior
to such other time period as specified by the Committee. 
  
 (c)
All payroll deductions made for a participant are credited to his or her account under this Plan and are deposited with the general funds of the Company. No interest accrues on the payroll deductions. All payroll deductions received or held by the
Company may be used by the Company for any corporate purpose, and the Company shall not be obligated to segregate such payroll deductions. 
  
 (d) On each Purchase Date, so long as this Plan remains in effect and provided that the participant has not submitted a signed and completed withdrawal
form before that date which notifies the Company that the 
  

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 participant wishes to withdraw from that Offering Period under this Plan and have all payroll deductions accumulated in
the account maintained on behalf of the participant as of that date returned to the participant, the Company shall apply the funds then in the participant’s account to the purchase of whole shares of Common Stock reserved under the option
granted to such participant with respect to the Offering Period to the extent that such option is exercisable on the Purchase Date. The purchase price per share shall be as specified in Section 8 of this Plan. Any cash remaining in a
participant’s account after such purchase of shares shall be refunded to such participant in cash, without interest; provided, however that any amount remaining in such participant’s account on a Purchase Date which is less than the amount
necessary to purchase a full share of Common Stock of the Company shall be carried forward, without interest, into the next Purchase Period or Offering Period, as the case may be. In the event that this Plan has been oversubscribed, all funds not
used to purchase shares on the Purchase Date shall be returned to the participant, without interest. No Common Stock shall be purchased on a Purchase Date on behalf of any employee whose participation in this Plan has terminated prior to such
Purchase Date. 
  
 (e) As promptly as practicable after the
Purchase Date, the Company shall issue shares for the participant’s benefit representing the shares purchased upon exercise of his or her option. 
  
 (f) During a participant’s lifetime, his or her option to purchase shares hereunder is exercisable only by him or her. The participant will have no
interest or voting right in shares covered by his or her option until such option has been exercised.  
  
 10. Limitations on Shares to be Purchased. 
  
 (a) No participant shall be entitled to purchase stock under this Plan at a rate which, when aggregated with his or her rights to purchase stock under all
other employee stock purchase plans of the Company or any Subsidiary, exceeds $25,000 in fair market value, determined as of the Offering Date (or such other limit as may be imposed by the Code) for each calendar year in which the employee
participates in this Plan. The Company shall automatically suspend the payroll deductions of any participant as necessary to enforce such limit provided that when the Company automatically resumes such payroll deductions, the Company must apply the
rate in effect immediately prior to such suspension. 
  
 (b) No
more than 200% of the number of shares determined by dividing the amount accumulated in the employee’s payroll deduction account on a Purchase Date by 85% of the fair market value of the Company’s Common Stock on the Offering Date may be
purchased by a participant on such Purchase Date. To the extent that a residual of cash is not used to purchase shares on such Purchase Date, it shall be carried over into the next succeeding period. 
  
 (c) No participant shall be entitled to purchase more than the Maximum Share
Amount (as defined below) on any single Purchase Date. Prior to the commencement of any Offering Period or Purchase Period or prior to such time period as specified by the Committee, the Committee may, in its sole discretion, set a maximum number of
shares which may be purchased by any employee on any single Purchase Date (hereinafter the “Maximum Share Amount”). In no event shall the Maximum Share Amount exceed the amounts permitted under Section 10(b) above. If a
Maximum Share Amount is set, or subsequently revised, by the Committee, the Committee will notify all participants of such Maximum Share Amount prior to the commencement of any Purchase Period within an Offering Period to which it shall apply. The
Maximum Share Amount shall continue to apply with respect to all succeeding Purchase Dates and Offering Periods unless revised by the Committee as set forth above. 
  
 (d) If the number of shares to be purchased on a Purchase Date by all employees participating in this Plan exceeds the
number of shares then available for issuance under this Plan, then the Company will make a pro rata allocation of the remaining shares in as uniform a manner as shall be reasonably practicable and as the Committee shall determine to be equitable. In
such event, the Company shall give written notice of such reduction of the number of shares to be purchased under a participant’s option to each participant affected. 
  
 (e) Any payroll deductions accumulated in a participant’s account which are not used to purchase stock due to the
limitations in this Section 10 shall be returned to the participant as soon as practicable after the end of the applicable Purchase Period, without interest. 
  

 4 

 11. Withdrawal. 
  
 (a) Each participant may withdraw from an Offering Period under this Plan by signing and delivering to the Company a written
notice to that effect on a form provided for such purpose. Such withdrawal may be elected at any time prior to the end of an Offering Period, or such other time period as specified by the Committee. 
  
 (b) Upon withdrawal from this Plan, the accumulated payroll deductions shall
be returned to the withdrawn participant, without interest, and his or her interest in this Plan shall terminate. In the event a participant voluntarily elects to withdraw from this Plan, he or she may not resume his or her participation in this
Plan during the same Offering Period, but he or she may participate in any Offering Period under this Plan which commences on a date subsequent to such withdrawal by filing a new authorization for payroll deductions in the same manner as set forth
in Section 6 above for initial participation in this Plan. 
  
 (c)
If the Fair Market Value on the first day of the current Offering Period in which a participant is enrolled is higher than the Fair Market Value on the first day of any subsequent Offering Period, the Company will automatically enroll such
participant in the subsequent Offering Period. Any funds accumulated in a participant’s account prior to the first day of such subsequent Offering Period will be applied to the purchase of shares on the Purchase Date immediately prior to the
first day of such subsequent Offering Period, if any. 
  
 12.
Termination of Employment. Termination of a participant’s employment for any reason, including retirement, death or the failure of a participant to remain an eligible employee of the Company or of a Participating Subsidiary, immediately
terminates his or her participation in this Plan. In such event, the payroll deductions credited to the participant’s account will be returned to him or her or, in the case of his or her death, to his or her legal representative, without
interest. For purposes of this Section 12, an employee will not be deemed to have terminated employment or failed to remain in the continuous employ of the Company or of a Participating Subsidiary in the case of sick leave, military leave, or any
other leave of absence approved by the Board; provided that such leave is for a period of not more than ninety (90) days or reemployment upon the expiration of such leave is guaranteed by contract or statute. 
  
 13. Return of Payroll Deductions. In the event a participant’s
interest in this Plan is terminated by withdrawal, termination of employment or otherwise, or in the event this Plan is terminated by the Board, the Company shall deliver to the participant, or the participant’s legal representative, as the
case may be, all payroll deductions credited to such participant’s account. No interest shall accrue on the payroll deductions of a participant in this Plan. 
  
 14. Capital Changes. Subject to any required action by the stockholders of the Company, the number of shares of
Common Stock covered by each option under this Plan which has not yet been exercised and the number of shares of Common Stock which have been authorized for issuance under this Plan but have not yet been placed under option (collectively, the
“Reserves”), as well as the price per share of Common Stock covered by each option under this Plan which has not yet been exercised, shall be proportionately adjusted for any increase or decrease in the number of issued and
outstanding shares of Common Stock of the Company resulting from a stock split or the payment of a stock dividend (but only on the Common Stock) or any other increase or decrease in the number of issued and outstanding shares of Common Stock
effected without receipt of any consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration”. Such
adjustment shall be made by the Committee, whose determination shall be final, binding and conclusive. Except as expressly provided herein, no issue by the Company of shares of stock of any class, or securities convertible into shares of stock of
any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares of Common Stock subject to an option. 
  

In the event of the proposed dissolution or liquidation of the Company, the Offering Period will terminate immediately prior to the consummation of
such proposed action, unless otherwise provided by the Committee. The Committee may, in the exercise of its sole discretion in such instances, declare that this Plan shall terminate as of a date fixed by the Committee and give each participant the
right to purchase shares under this Plan prior to such termination. In the event of (i) a merger or consolidation in which the Company is not the surviving corporation (other than a merger or consolidation with a wholly-owned subsidiary, a
reincorporation of the 
  

 5 

 Company in a different jurisdiction, or other transaction in which there is no substantial change in the stockholders of
the Company or their relative stock holdings and the options under this Plan are assumed, converted or replaced by the successor corporation, which assumption will be binding on all participants), (ii) a merger in which the Company is the surviving
corporation but after which the stockholders of the Company immediately prior to such merger (other than any stockholder that merges, or which owns or controls another corporation that merges, with the Company in such merger) cease to own their
shares or other equity interest in the Company, (iii) the sale of all or substantially all of the assets of the Company or (iv) the acquisition, sale, or transfer of more than 50% of the outstanding shares of the Company by tender offer or similar
transaction, the Plan will continue with regard to Offering Periods that commenced prior to the closing of the proposed transaction and shares will be purchased based on the Fair Market Value of the surviving corporation’s stock on each
Purchase Date, unless otherwise provided by the Committee. 
  
 The
Committee may, if it so determines in the exercise of its sole discretion, also make provision for adjusting the Reserves, as well as the price per share of Common Stock covered by each outstanding option, in the event that the Company effects one
or more reorganizations, recapitalizations, rights offerings or other increases or reductions of shares of its outstanding Common Stock, or in the event of the Company being consolidated with or merged into any other corporation. 
  
 15. Nonassignability. Neither payroll deductions credited to a
participant’s account nor any rights with regard to the exercise of an option or to receive shares under this Plan may be assigned, transferred, pledged or otherwise disposed of in any way (other than by will, the laws of descent and
distribution or as provided in Section 22 below) by the participant. Any such attempt at assignment, transfer, pledge or other disposition shall be void and without effect. 
  
 16. Reports. Individual accounts will be maintained for each participant in this Plan. Each participant shall receive
promptly after the end of each Purchase Period a report of his or her account setting forth the total payroll deductions accumulated, the number of shares purchased, the per share price thereof and the remaining cash balance, if any, carried forward
to the next Purchase Period or Offering Period, as the case may be. 
  
 17. Notice of Disposition. Each participant shall notify the Company in writing if the participant disposes of any of the shares purchased in any Offering Period pursuant to this Plan if such disposition occurs within two (2) years
from the Offering Date or within one (1) year from the Purchase Date on which such shares were purchased (the “Notice Period”). The Company may, at any time during the Notice Period, place a legend or legends on any
certificate representing shares acquired pursuant to this Plan requesting the Company’s transfer agent to notify the Company of any transfer of the shares. The obligation of the participant to provide such notice shall continue notwithstanding
the placement of any such legend on the certificates. 
  
 18.
No Rights to Continued Employment. Neither this Plan nor the grant of any option hereunder shall confer any right on any employee to remain in the employ of the Company or any Participating Subsidiary, or restrict the right of the Company or any
Participating Subsidiary to terminate such employee’s employment. 
  
 19. Equal Rights And Privileges. All eligible employees shall have equal rights and privileges with respect to this Plan so that this Plan qualifies as an “employee stock purchase plan” within the meaning of Section 423 or
any successor provision of the Code and the related regulations. Any provision of this Plan which is inconsistent with Section 423 or any successor provision of the Code shall, without further act or amendment by the Company, the Committee or the
Board, be reformed to comply with the requirements of Section 423. This Section 19 shall take precedence over all other provisions in this Plan. 
  
 20. Notices. All notices or other communications by a participant to the Company under or in connection with this Plan shall be deemed to have been
duly given when received in the form specified by the Company at the location, or by the person, designated by the Company for the receipt thereof. 
  
 21. Term; Stockholder Approval. This Plan will become effective on the date the Plan is adopted by the Board; provided, however, no purchase
of shares pursuant to this Plan shall occur prior to stockholder approval. This Plan shall be approved by the stockholders of the Company, in any manner permitted by applicable corporate law, within twelve (12) months before or after the date this
Plan is adopted by the Board. This Plan shall continue until the earlier to occur of (a) termination of this Plan by the Board (which termination may be effected by 
  

 6 

 the Board at any time), (b) issuance of all of the shares of Common Stock reserved for issuance under this Plan, or (c)
ten (10) years from the adoption of this Plan by the Board. 
  
 22. Death of a Participant. In the event of a participant’s death, the Company shall deliver to the participant’s legal representative any shares purchased prior to such participant’s death and the amount of any
accumulated payroll deductions remaining in the participant’s account that was not used to purchase shares, provided that, should a participant die prior to the end of a Purchase Period, accumulated payroll deductions in such participant’s
account shall not be used to purchase shares on the Purchase Date for such Purchase Period and shall be returned to the participant’s legal representative. 
  

23. Conditions Upon Issuance of Shares; Limitation on Sale of Shares. Shares shall not be issued with respect to an option unless the exercise
of such option and the issuance and delivery of such shares pursuant thereto shall comply with all applicable provisions of law, domestic or foreign, including, without limitation, the Securities Act of 1933, as amended, the Securities Exchange Act
of 1934, as amended, the rules and regulations promulgated thereunder, and the requirements of any stock exchange or automated quotation system upon which the shares may then be listed, and shall be further subject to the approval of counsel for the
Company with respect to such compliance. 
  
 24. Applicable
Law. The Plan shall be governed by the substantive laws (excluding the conflict of laws rules) of the State of California. 
  
 25. Amendment or Termination of this Plan. The Board may at any time amend, terminate or extend the term of this Plan, except that any such
termination cannot affect options previously granted under this Plan, nor may any amendment make any change in an option previously granted which would adversely affect the right of any participant, nor may any amendment be made without approval of
the stockholders of the Company obtained in accordance with Section 21 above within twelve (12) months of the adoption of such amendment (or earlier if required by Section 21) if such amendment would: 
  
 (a) increase the number of shares that may be issued under this Plan; or

  
 (b) change the designation of the employees (or class of
employees) eligible for participation in this Plan. 
  
 Notwithstanding the foregoing, the Board may make such amendments to the Plan as the Board determines to be advisable, if the continuation of the Plan or any Offering Period would result in financial accounting treatment for the Plan that
is different from the financial accounting treatment in effect on the date this Plan is adopted by the Board. 
  

 7

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