Document:

Unassociated Document

    Exhibit 10.3A

     

    CORNERSTONE
ONDEMAND, INC.

     

    2009
EQUITY INCENTIVE PLAN

     

    RESTRICTED
STOCK UNIT AWARD AGREEMENT

     

     

    Unless
otherwise defined herein, the terms defined in the 2009 Equity Incentive Plan
(the “Plan”) shall have the same defined meanings in this Restricted Stock Unit
Award Agreement (the “Award Agreement”).

     

    I.           NOTICE OF GRANT OF
RESTRICTED STOCK UNITS

     

    
      	
               
      

            	
              Name:

            	
              «Name»

            

    

    
      	
               
      

            	
              Address:

            	
              «Address»

            

    

    «CityStateZip»

     

    The
undersigned Participant has been granted the right to receive an Award of
Restricted Stock Units, subject to the terms and conditions of the Plan and this
Award Agreement, as follows:

     

    
      	
               
      

            	
              Date
      of Grant:

            	
              «GrantDate»

            

    

     

    
      	
            	
              Vesting
      Commencement Date:

            	
              «VCD»

            

    

     

    
      	
            	
              Number
      of Restricted Stock Units:

            	
              «Shares»

            

    

     

    Vesting
Schedule:

     

    Subject
to any acceleration provisions contained in the Plan or set forth below, the
Restricted Stock Units will vest in accordance with the following
schedule:

     

    «VestingSchedule»

     

    In the
event Participant ceases to be a Service Provider for any or no reason before
Participant vests in the Restricted Stock Units, the Restricted Stock Units and
Participant’s right to acquire any Shares hereunder will immediately
terminate.

     

    
      	
              II.

            	
              AGREEMENT

            

    

     

    1.           Grant of Restricted Stock
Units.  The Company hereby grants to the Participant named in
the Notice of Grant of Restricted Stock Units in Part I of this Award Agreement
(“Participant”) under the Plan an Award of Restricted Stock Units, subject to
all of the terms and conditions in this Award Agreement and the Plan, which is
incorporated herein by reference.  Subject to Section 18(c) of the
Plan, in the event of a conflict between the terms and conditions of the Plan
and this Award Agreement, the terms and conditions of the Plan shall
prevail.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    2.           Company’s Obligation to
Pay.  Each Restricted Stock Unit represents the right to
receive a Share on the date it vests.  Unless and until the Restricted
Stock Units will have vested in the manner set forth in Section 4, Participant
will have no right to payment of any such Restricted Stock
Units.  Prior to actual payment of any vested Restricted Stock Units,
such Restricted Stock Unit will represent an unsecured obligation of the
Company, payable (if at all) only from the general assets of the
Company.

     

    3.           Participant’s
Representations.  In the event the Shares have not been
registered under the Securities Act of 1933, as amended (the “Securities Act”)
at the time the Restricted Stock Units are paid to Participant, Participant
shall, if required by the Company, concurrently with the receipt of all or any
portion of this Restricted Stock Unit Award, deliver to the Company his or her
Investment Representation Statement in the form attached hereto as Exhibit
A.

     

    4.           Vesting
Schedule.  Except as provided in Section 6, and subject to
Section 7, the Restricted Stock Units awarded by this Award Agreement will vest
in accordance with the vesting schedule set forth in the Notice of Grant,
subject to Participant continuing to be a Service Provider through each
applicable vesting date.

     

    5.           Lock-Up
Period.  Participant hereby agrees that Participant shall not
offer, pledge, sell, contract to sell, sell any option or contract to purchase,
purchase any option or contract to sell, grant any option, right or warrant to
purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any
Common Stock (or other securities) of the Company or enter into any swap,
hedging or other arrangement that transfers to another, in whole or in part, any
of the economic consequences of ownership of any Common Stock (or other
securities) of the Company held by Participant (other than those included in the
registration) for a period specified by the representative of the underwriters
of Common Stock (or other securities) of the Company not to exceed one hundred
and eighty (180) days following the effective date of any registration statement
of the Company filed under the Securities Act (or such other period as may be
requested by the Company or the underwriters to accommodate regulatory
restrictions on (i) the publication or other distribution of research
reports and (ii) analyst recommendations and opinions, including, but not
limited to, the restrictions contained in NASD Rule 2711(f)(4) or NYSE
Rule 472(f)(4), or any successor provisions or amendments
thereto).

     

    Participant
agrees to execute and deliver such other agreements as may be reasonably
requested by the Company or the underwriter which are consistent with the
foregoing or which are necessary to give further effect thereto.  In
addition, if requested by the Company or the representative of the underwriters
of Common Stock (or other securities) of the Company, Participant shall provide,
within ten (10) days of such request, such information as may be required by the
Company or such representative in connection with the completion of any public
offering of the Company’s securities pursuant to a registration statement filed
under the Securities Act.  The obligations described in this Section 5
shall not apply to a registration relating solely to employee benefit plans on
Form S-1 or Form S-8 or similar forms that may be promulgated in the future, or
a registration relating solely to a Commission Rule 145 transaction on Form S-4
or similar forms that may be promulgated in the future.  The Company
may impose stop-transfer instructions with respect to the shares of Common Stock
(or other securities) subject to the foregoing restriction until the end of said
one hundred and eighty (180) day (or other) period.  Participant
agrees that any transferee of the Restricted Stock Unit Award or Shares acquired
pursuant to the Restricted Stock Unit Award shall be bound by this Section
5.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              6.

            	
              Payment after
      Vesting.

            

    

     

    (a)           General
Rule.  Subject to Section 10, any Restricted Stock Units that
vest will be paid to Participant (or in the event of Participant’s death, to his
or her properly designated beneficiary or estate) in whole
Shares.  Subject to the provisions of Section 6(b), such vested
Restricted Stock Units shall be paid in whole Shares as soon as practicable
after vesting, but in each such case within the period ending no later than the
fifteenth (15th) day of the third (3rd) month following the end of the fiscal
year or the calendar year, which in either case includes the vesting
date.

     

    (b)           Acceleration.  Notwithstanding
anything in the Plan, this Award Agreement, or any other plan or agreement to
the contrary, if the Administrator, in its discretion, accelerates the vesting
of the balance, or some lesser portion of the balance, of the unvested
Restricted Stock Units, such Restricted Stock Units will be considered as having
vested as of the date specified by the Administrator.  Notwithstanding
anything in the Plan or this Award Agreement to the contrary, if the vesting of
the balance, or some lesser portion of the balance, of the Restricted Stock
Units is accelerated in connection with Participant’s termination as a Service
Provider (provided that such termination is a “separation from service” within
the meaning of Section 409A, as determined by the Company), other
than due to death, and if (x) Participant is a “specified employee” within the
meaning of Section 409A at the time of such termination as a Service Provider
and (y) the payment of such accelerated Restricted Stock Units will result in
the imposition of additional tax under Section 409A if paid to Participant on or
within the six (6) month period following Participant’s termination as a Service
Provider, then the payment of such accelerated Restricted Stock Units will not
be made until the date six (6) months and one (1) day following the date of
Participant’s termination as a Service Provider, unless the Participant dies
following his or her termination as a Service Provider, in which case, the
Restricted Stock Units will be paid in Shares to the Participant’s estate as
soon as practicable following his or her death.  It is the intent of
this Award Agreement to comply with the requirements of Section 409A so that
none of the Restricted Stock Units provided under this Award Agreement or Shares
issuable thereunder will be subject to the additional tax imposed under Section
409A, and any ambiguities herein will be interpreted to so
comply.  For purposes of this Award Agreement, “Section 409A” means
Section 409A of the Code, and any proposed, temporary or final Treasury
Regulations and Internal Revenue Service guidance thereunder, as each may be
amended from time to time.

     

    7.           Forfeiture Upon Termination
as a Service Provider.  Notwithstanding any contrary provision
of this Award Agreement, if Participant ceases to be a Service Provider for any
or no reason, the then-unvested Restricted Stock Units awarded by this Award
Agreement will thereupon be forfeited at no cost to the Company and Participant
will have no further rights thereunder.

     

    8.           Tax
Consequences.  Participant has reviewed with its own tax
advisors the U.S. federal, state, local and foreign tax consequences of this
investment and the transactions contemplated by this Award
Agreement.  With respect to such matters, Participant relies solely on
such advisors and not on any statements or representations of the Company or any
of its agents, written or oral.  Participant understands that
Participant (and not the Company) shall be responsible for Participant’s own tax
liability that may arise as a result of this investment or the transactions
contemplated by this Award Agreement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    9.           Death of
Participant.  Any distribution or delivery to be made to
Participant under this Award Agreement will, if Participant is then deceased, be
made to Participant’s designated beneficiary, or if no beneficiary survives
Participant, the administrator or executor of Participant’s
estate.  Any such transferee must furnish the Company with (a) written
notice of his or her status as transferee, and (b) evidence satisfactory to the
Company to establish the validity of the transfer and compliance with any laws
or regulations pertaining to said transfer.

     

    10.           Tax Withholding.
Pursuant to such procedures as the Administrator may specify from time to time,
the Company shall withhold the minimum amount required to be withheld for the
payment of income, employment and other taxes which the Company determines must
be withheld (the “Tax Withholding”).  The Administrator, in its sole
discretion and pursuant to such procedures as it may specify from time to time,
may permit Participant to satisfy such Tax Withholding, in whole or in part
(without limitation) by (a) paying cash, (b) electing to have the Company
withhold otherwise deliverable Shares having a Fair Market Value equal to the
amount of such Tax Withholding, (c) delivering to the Company already vested and
owned Shares having a Fair Market Value equal to such Tax Withholding, or (d)
selling a sufficient number of such Shares otherwise deliverable to Participant
through such means as the Company may determine in its sole discretion (whether
through a broker or otherwise) equal to the amount of the Tax
Withholding.  To the extent determined appropriate by the Company in
its discretion, it shall have the right (but not the obligation) to satisfy any
tax withholding obligations by reducing the number of Shares otherwise
deliverable to Participant.  If Participant fails to make satisfactory
arrangements for the payment of such Tax Withholding hereunder at the time any
applicable Restricted Stock Units otherwise are scheduled to vest pursuant to
Sections 4 or 6, Participant will permanently forfeit such Restricted Stock
Units and any right to receive Shares thereunder and the Restricted Stock Units
will be returned to the Company at no cost to the
Company.  Participant acknowledges and agrees that the Company may
refuse to deliver the Shares if such Tax Withholding is not delivered at the
time they are due.

     

    11.           Rights as
Stockholder.  Neither Participant nor any person claiming under
or through Participant will have any of the rights or privileges of a
stockholder of the Company in respect of any Shares deliverable hereunder unless
and until certificates representing such Shares will have been issued, recorded
on the records of the Company or its transfer agents or registrars, and
delivered to Participant.  After such issuance, recordation and
delivery, Participant will have all the rights of a stockholder of the Company
with respect to voting such Shares and receipt of dividends and distributions on
such Shares.

     

    12.           No Guarantee of Continued
Service.  PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING
OF THE RESTRICTED STOCK UNITS PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED
ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE
PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH THE ACT
OF BEING HIRED, BEING GRANTED THIS RESTRICTED STOCK UNIT AWARD OR ACQUIRING
SHARES HEREUNDER. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AWARD
AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET
FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED
ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT
ALL, AND SHALL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF
THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO
TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR
WITHOUT CAUSE.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    13.           Grant is Not
Transferable.  Except to the limited extent provided in
Section 9, this grant and the rights and privileges conferred hereby will
not be transferred, assigned, pledged or hypothecated in any way (whether by
operation of law or otherwise) and will not be subject to sale under execution,
attachment or similar process.  Upon any attempt to transfer, assign,
pledge, hypothecate or otherwise dispose of this grant, or any right or
privilege conferred hereby, or upon any attempted sale under any execution,
attachment or similar process, this grant and the rights and privileges
conferred hereby immediately will become null and void.

     

    14.           Company’s Right of First
Refusal.  Subject to Section 13, before any Shares held by
Participant or any transferee (either being sometimes referred to herein as the
“Holder”) may be sold or otherwise transferred (including transfer by gift or
operation of law), the Company or its assignee(s) shall have a right of first
refusal to purchase the Shares on the terms and conditions set forth in this
Section 14 (the “Right of First Refusal”).

     

    (a)           Notice of Proposed
Transfer.  The Holder of the Shares shall deliver to the
Company a written notice (the “Notice”) stating: (i) the Holder’s bona fide
intention to sell or otherwise transfer such Shares; (ii) the name of each
proposed purchaser or other transferee (“Proposed Transferee”); (iii) the
number of Shares to be transferred to each Proposed Transferee; and
(iv) the bona fide cash price or other consideration for which the Holder
proposes to transfer the Shares (the “Offered Price”), and the Holder shall
offer the Shares at the Offered Price to the Company or its
assignee(s).

     

    (b)           Exercise of Right of First
Refusal.  At any time within thirty (30) days after
receipt of the Notice, the Company and/or its assignee(s) may, by giving written
notice to the Holder, elect to purchase all, but not less than all, of the
Shares proposed to be transferred to any one or more of the Proposed
Transferees, at the purchase price determined in accordance with
subsection (c) below.

     

    (c)           Purchase
Price.  The purchase price (“Right of First Refusal Price”) for
the Shares purchased by the Company or its assignee(s) under this
Section 14 shall be the Offered Price.  If the Offered Price
includes consideration other than cash, the cash equivalent value of the
non-cash consideration shall be determined by the Board in good
faith.

     

    (d)           Payment.  Payment
of the Right of First Refusal Price shall be made, at the option of the Company
or its assignee(s), in cash (by check), by cancellation of all or a portion of
any outstanding indebtedness of the Holder to the Company (or, in the case of
repurchase by an assignee, to the assignee), or by any combination thereof
within thirty (30) days after receipt of the Notice or in the manner and at
the times set forth in the Notice.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (e)           Holder’s Right to
Transfer.  If all of the Shares proposed in the Notice to be
transferred to a given Proposed Transferee are not purchased by the Company
and/or its assignee(s) as provided in this Section 14, then the Holder may
sell or otherwise transfer such Shares to that Proposed Transferee at the
Offered Price or at a higher price, provided that such sale or
other transfer is consummated within one hundred and twenty (120) days after the
date of the Notice, that any such sale or other transfer is effected in
accordance with any applicable securities laws and that the Proposed Transferee
agrees in writing that the provisions of this Section 14 shall continue to
apply to the Shares in the hands of such Proposed Transferee.  If the
Shares described in the Notice are not transferred to the Proposed Transferee
within such period, a new Notice shall be given to the Company, and the Company
and/or its assignees shall again be offered the Right of First Refusal before
any Shares held by the Holder may be sold or otherwise transferred.

     

    (f)           Exception for Certain Family
Transfers.  Anything to the contrary contained in this
Section 14 notwithstanding, the transfer of any or all of the Shares during
the Participant’s lifetime or on the Participant’s death by will or intestacy to
the Participant’s immediate family or a trust for the benefit of the
Participant’s immediate family shall be exempt from the provisions of this
Section 14.  “Immediate Family” as used herein shall mean spouse,
lineal descendant or antecedent, father, mother, brother or
sister.  In such case, the transferee or other recipient shall receive
and hold the Shares so transferred subject to the provisions of this
Section 14, and there shall be no further transfer of such Shares except in
accordance with the terms of this Section 14.

     

    (g)           Termination of Right of
First Refusal.  The Right of First Refusal shall terminate as
to any Shares upon the earlier of (i) the first sale of Common Stock of the
Company to the general public, or (ii) a Change in Control in which the
successor corporation has equity securities that are publicly
traded.

     

    
      	
               
      

            	
              15.

            	
              Restrictive Legends
      and Stop-Transfer Orders.

            

    

     

    (a)           Legends.  Participant
understands and agrees that the Company shall cause the legends set forth below
or legends substantially equivalent thereto, to be placed upon any
certificate(s) evidencing ownership of the Shares together with any other
legends that may be required by the Company or by state or federal securities
laws:

     

    THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933 (THE “ACT”) AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED,
PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT OR, IN THE
OPINION OF COUNSEL SATISFACTORY TO THE ISSUER OF THESE SECURITIES, SUCH OFFER,
SALE OR TRANSFER, PLEDGE OR HYPO­THECATION IS IN COMPLIANCE
THEREWITH.

     

    THE
SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON
TRANSFER AND A RIGHT OF FIRST REFUSAL HELD BY THE ISSUER OR ITS ASSIGNEE(S) AS
SET FORTH IN THE RESTRICTED STOCK UNIT AWARD AGREEMENT BETWEEN THE ISSUER AND
THE ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE
PRINCIPAL OFFICE OF THE ISSUER.  SUCH TRANSFER RESTRICTIONS AND RIGHT
OF FIRST REFUSAL ARE BINDING ON TRANSFEREES OF THESE SHARES.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    THE
SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER
FOR A PERIOD OF TIME FOLLOWING THE EFFECTIVE DATE OF THE UNDERWRITTEN PUBLIC
OFFERING OF THE COMPANY’S SECURITIES SET FORTH IN AN AGREEMENT BETWEEN THE
ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES AND MAY NOT BE SOLD OR OTHERWISE
DISPOSED OF BY THE HOLDER PRIOR TO THE EXPIRATION OF SUCH PERIOD WITHOUT THE
CONSENT OF THE COMPANY OR THE MANAGING UNDERWRITER.

     

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

     

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

     

    16.           Address for
Notices.  Any notice to be given to the Company under the terms
of this Award Agreement will be addressed to the Company at Cornerstone
OnDemand, Inc. 1601 Cloverfield Blvd, Suite 620, Santa Monica, CA 90404, or at
such other address as the Company may hereafter designate in
writing.

     

    17.           Electronic
Delivery.  The Company may, in its sole discretion, decide to
deliver any documents related to the Restricted Stock Units awarded
under the Plan or future Restricted Stock Units that may
be awarded under the Plan by electronic means or request Participant’s consent
to participate in the Plan by electronic means.  Participant hereby
consents to receive such documents by electronic delivery and agrees to
participate in the Plan through any on-line or electronic system established and
maintained by the Company or another third party designated by the
Company.

     

    18.           No
Waiver.  Either party’s failure to enforce any provision or
provisions of this Award Agreement shall not in any way be construed as a waiver
of any such provision or provisions, nor prevent that party from thereafter
enforcing each and every other provision of this Award Agreement.  The
rights granted both parties herein are cumulative and shall not constitute a
waiver of either party’s right to assert all other legal remedies available to
it under the circumstances.

     

    19.           Successors and
Assigns.  The Company may assign any of its rights under this
Award Agreement to single or multiple assignees, and this Award Agreement shall
inure to the benefit of the successors and assigns of the
Company.  Subject to the restrictions on transfer herein set forth,
this Award Agreement shall be binding upon Participant and his or her heirs,
executors, administrators, successors and assigns.  The rights and
obligations of Participant under this Award Agreement may only be assigned with
the prior written consent of the Company.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    20.           Additional Conditions to
Issuance of Stock.  If at any time the Company will determine,
in its discretion, that the listing, registration or qualification of the Shares
upon any securities exchange or under any state or federal law, or the consent
or approval of any governmental regulatory authority is necessary or desirable
as a condition to the issuance of Shares to Participant (or his or her estate),
such issuance will not occur unless and until such listing, registration,
qualification, consent or approval will have been effected or obtained free of
any conditions not acceptable to the Company.  Where the Company determines that the
delivery of the payment of any Shares will violate federal securities laws or
other applicable laws, the Company will defer delivery until the earliest date
at which the Company reasonably anticipates that the delivery of Shares will no
longer cause such violation.  The Company will make all
reasonable efforts to meet the requirements of any such state or federal law or
securities exchange and to obtain any such consent or approval of any such
governmental authority.

     

    21.           Interpretation.  The
Administrator will have the power to interpret the Plan and this Award Agreement
and to adopt such rules for the administration, interpretation and application
of the Plan as are consistent therewith and to interpret or revoke any such
rules (including, but not limited to, the determination of whether or not any
Restricted Stock Units have vested).  All actions taken and all
interpretations and determinations made by the Administrator in good faith will
be final and binding upon Participant, the Company and all other interested
persons.  Neither the Administrator nor any person acting on behalf of
the Administrator will be personally liable for any action, determination or
interpretation made in good faith with respect to the Plan or this Award
Agreement.

     

    22.           Modifications to the Award
Agreement.  This Award Agreement constitutes the entire
understanding of the parties on the subjects covered.  Participant
expressly warrants that he or she is not accepting this Award Agreement in
reliance on any promises, representations, or inducements other than those
contained herein.  Modifications to this Award Agreement or the Plan
can be made only in an express written contract executed by a duly authorized
officer of the Company.  Notwithstanding anything to the contrary in
the Plan or this Award Agreement, the Company reserves the right to revise this
Award Agreement as it deems necessary or advisable, in its sole discretion and
without the consent of Participant, to comply with Section 409A or to otherwise
avoid imposition of any additional tax or income recognition under Section 409A
in connection to this Award of Restricted Stock Units.

     

    23.           Governing Law;
Severability.  This Award Agreement is governed by the internal
substantive laws, but not the choice of law rules, of California.  In
the event that any provision hereof becomes or is declared by a court of
competent jurisdiction to be illegal, unenforceable or void, this Award
Agreement shall continue in full force and effect.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    24.           Entire Agreement. The
Plan is incorporated herein by reference. The Plan and this Award Agreement
(including the exhibits referenced herein) constitute the entire agreement of
the parties with respect to the subject matter hereof and supersede in their
entirety all prior undertakings and agreements of the Company and Participant
with respect to the subject matter hereof, and may not be modified adversely to
the Participant’s interest except by means of a writing signed by the Company
and Participant.

     

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	
                                          PARTICIPANT

                                        	 
      	
                                          CORNERSTONE
      ONDEMAND, INC.

                                        
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 
      	 
      	 
      
	
                                          Signature

                                        	 
      	
                                          By

                                        
	 	 	 
	
                                          «Name»

                                        	 
      	
                                            

                                        
	
                                          Print
      Name

                                        	 
      	
                                          Print
      Name

                                        
	 	 	 
	 
      	 
      	
                                            

                                        
	
                                          Address:

                                        	 
      	
                                          Title

                                        
	 
      	 
      	 
      
	
                                          «Address»

                                        	 
      	 
      
	 
      	 
      	 
      
	
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    EXHIBIT
A

     

    INVESTMENT
REPRESENTATION STATEMENT

     

    

    
      
        
          	
                  PARTICIPANT

                	
                  :

                	
                  «NAME»

                
	 
      	 
      	 
      
	
                  COMPANY

                	
                  :

                	
                  CORNERSTONE
      ONDEMAND, INC.

                
	 
      	 
      	 
      
	
                  SECURITY

                	
                  :

                	
                  COMMON
      STOCK

                
	 
      	 
      	 
      
	
                  AMOUNT

                	
                  :

                	
                  _______________________

                
	 
      	 
      	 
      
	
                  DATE

                	
                  :

                	
                  _______________________

                

        

      

    

     

    In
connection with the purchase of the above-listed Securities, the undersigned
Participant represents to the Company the following:

     

    (a)           Participant
is aware of the Company’s business affairs and financial condition and has
acquired sufficient information about the Company to reach an informed and
knowledgeable decision to acquire the Securities.  Participant is
acquiring these Securities for investment for Participant’s own account only and
not with a view to, or for resale in connection with, any “distribution” thereof
within the meaning of the Securities Act of 1933, as amended (the “Securities
Act”).

     

    (b)           Participant
acknowledges and understands that the Securities constitute “restricted
securities” under the Securities Act and have not been registered under the
Securities Act in reliance upon a specific exemption therefrom, which exemption
depends upon, among other things, the bona fide nature of Participant’s
investment intent as expressed herein.  In this connection,
Participant understands that, in the view of the Securities and Exchange
Commission, the statutory basis for such exemption may be unavailable if
Participant’s representation was predicated solely upon a present intention to
hold these Securities for the minimum capital gains period specified under tax
statutes, for a deferred sale, for or until an increase or decrease in the
market price of the Securities, or for a period of one (1) year or any other
fixed period in the future.  Participant further understands that the
Securities must be held indefinitely unless they are subsequently registered
under the Securities Act or an exemption from such registration is
available.  Participant further acknowledges and understands that the
Company is under no obligation to register the Securities. Participant
understands that the certificate evidencing the Securities shall be imprinted
with any legend required under applicable state securities laws.

     

    (c)           Participant
is familiar with the provisions of Rule 701 and Rule 144, each
promulgated under the Securities Act, which, in substance, permit limited public
resale of “restricted securities” acquired, directly or indirectly from the
issuer thereof, in a non-public offering subject to the satisfaction of certain
conditions.  Rule 701 provides that if the issuer qualifies under
Rule 701 at the time of the grant of the Restricted Stock Award to
Participant, the exercise shall be exempt from registration under the Securities
Act.  In the event the Company becomes subject to the reporting
requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934,
ninety (90) days thereafter (or such longer period as any market stand-off
agreement may require) the Securities exempt under Rule 701 may be resold,
subject to the satisfaction of the applicable conditions specified by
Rule 144, including in the case of affiliates (1) the availability of
certain public information about the Company, (2) the amount of Securities
being sold during any three (3) month period not exceeding specified
limitations, (3) the resale being made in an unsolicited “broker’s
transaction”, transactions directly with a “market maker” or “riskless principal
transactions” (as those terms are defined under the Securities Exchange Act of
1934) and (4) the timely filing of a Form 144, if
applicable.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    In the
event that the Company does not qualify under Rule 701 at the time of grant
of the Restricted Stock Award, then the Securities may be resold in certain
limited circumstances subject to the provisions of Rule 144, which may
require (i) the availability of current public information about the
Company; (ii) the resale to occur more than a specified period after the
purchase and full payment (within the meaning of Rule 144) for the
Securities; and (iii) in the case of the sale of Securities by an
affiliate, the satisfaction of the conditions set forth in sections (2),
(3) and (4) of the paragraph immediately above.

     

    
      	
              (d)  

            	
              Participant
      further understands that in the event all of the applicable requirements
      of Rule 701 or 144 are not satisfied, registration under the
      Securities Act, compliance with Regulation A, or some other registration
      exemption shall be required; and that, notwithstanding the fact that
      Rules 144 and 701 are not exclusive, the Staff of the Securities and
      Exchange Commission has expressed its opinion that persons proposing to
      sell private placement securities other than in a registered offering and
      otherwise than pursuant to Rules 144 or 701 shall have a substantial
      burden of proof in establishing that an exemption from registration is
      available for such offers or sales, and that such persons and their
      respective brokers who participate in such transactions do so at their own
      risk.  Participant understands that no assurances can be given
      that any such other registration exemption shall be available in such
      event.

            

    

     

    

    
      
        
          
            
              
                	 
      	
                        PARTICIPANT

                      
	 	 
	 
      	
                           

                      
	 
      	
                        Signature

                      
	 
      	 
      
	 
      	
                        «Name»

                      
	 
      	
                        Print
      Name

                      
	 
      	 
      
	 
      	
                          

                      
	 
      	
                        DateUnassociated Document

     

    
      
        Exhibit
10.4

      CORNERSTONE
ONDEMAND, INC.

      

      2010
EQUITY INCENTIVE PLAN

      

      

      1.  Purposes of the
Plan.  The purposes of this Plan are:

      

      
        	
                 
      

              	
                ·

              	
                to
      attract and retain the best available personnel for positions of
      substantial responsibility,

              

      

      

      
        	
                 
      

              	
                ·

              	
                to
      provide additional incentive to Employees, Directors and Consultants,
      and

              

      

      

      
        	
                 
      

              	
                ·

              	
                to
      promote the success of the Company’s
business.

              

      

      

      The Plan
permits the grant of Incentive Stock Options, Nonstatutory Stock Options,
Restricted Stock, Restricted Stock Units, Stock Appreciation Rights, Performance
Units and Performance Shares.

      

      2.  Definitions.  As
used herein, the following definitions will apply:

      

      (a)  “Administrator” means
the Board or any of its Committees as will be administering the Plan, in
accordance with Section 4 of the Plan.

      

      (b)  “Applicable Laws”
means the requirements relating to the administration of equity-based awards
under U.S. state corporate laws, U.S. federal and state securities laws, the
Code, any stock exchange or quotation system on which the Common Stock is listed
or quoted and the applicable laws of any foreign country or jurisdiction where
Awards are, or will be, granted under the Plan.

      

      (c)  “Award” means,
individually or collectively, a grant under the Plan of Options, Restricted
Stock, Restricted Stock Units, Stock Appreciation Rights, Performance Units or
Performance Shares.

      

      (d)  “Award Agreement”
means the written or electronic agreement setting forth the terms and provisions
applicable to each Award granted under the Plan.  The Award Agreement
is subject to the terms and conditions of the Plan.

      

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

      

      (f)  “Change in Control”
means the occurrence of any of the following events:

      

      (i)  A
change in the ownership of the Company which occurs on the
date that any one person, or more than one person acting as a group (“Person”), acquires
ownership of the stock of the Company that, together with the stock held by such
Person, constitutes more than fifty percent (50%) of the total voting power of
the stock of the Company; provided, however, that for purposes of this
subsection (i), the acquisition of additional stock by any one Person, who is
considered to own more than fifty percent (50%) of the total voting power of the
stock of the Company will not be considered a Change in Control; or

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (ii)  A
change in the effective control of the Company which occurs on the date that a
majority of members of the Board is replaced during any twelve (12) month period
by Directors whose appointment or election is not endorsed by a majority of the
members of the Board prior to the date of the appointment or
election.  For purposes of this clause (ii), if any Person is
considered to be in effective control of the Company, the acquisition of
additional control of the Company by the same Person will not be considered a
Change in Control; or

      

      (iii)  A
change in the ownership of a substantial portion of the Company’s assets which
occurs on the date that any Person acquires (or has acquired during the twelve
(12) month period ending on the date of the most recent acquisition by such
person or persons) assets from the Company that have a total gross fair market
value equal to or more than fifty percent (50%) of the total gross fair market
value of all of the assets of the Company immediately prior to such acquisition
or acquisitions; provided, however, that for purposes of this subsection (iii),
the following will not constitute a change in the ownership of a substantial
portion of the Company’s assets: (A) a transfer to an entity that is controlled
by the Company’s stockholders immediately after the transfer, or (B) a transfer
of assets by the Company to: (1) a stockholder of the Company (immediately
before the asset transfer) in exchange for or with respect to the Company’s
stock, (2) an entity, fifty percent (50%) or more of the total value or voting
power of which is owned, directly or indirectly, by the Company, (3) a Person,
that owns, directly or indirectly, fifty percent (50%) or more of the total
value or voting power of all the outstanding stock of the Company, or (4) an
entity, at least fifty percent (50%) of the total value or voting power of which
is owned, directly or indirectly, by a Person described in this subsection
(iii)(B)(3).  For purposes of this subsection (iii), gross fair market
value means the value of the assets of the Company, or the value of the assets
being disposed of, determined without regard to any liabilities associated with
such assets.

      

      For
purposes of this definition, persons will be considered to be acting as a group
if they are owners of a corporation that enters into a merger, consolidation,
purchase or acquisition of stock, or similar business transaction with the
Company.

      

      Notwithstanding
the foregoing, a transaction will not be deemed a Change in Control unless the
transaction qualifies as a change in control event within the meaning of Code
Section 409A, as it has been and may be amended from time to time, and any
proposed or final Treasury Regulations and Internal Revenue Service guidance
that has been promulgated or may be promulgated thereunder from time to
time.

      

      Further
and for the avoidance of doubt, a transaction will not constitute a Change in
Control if: (i) its sole purpose is to change the state of the Company’s
incorporation, or (ii) its sole purpose is to create a holding company that will
be owned in substantially the same proportions by the persons who held the
Company’s securities immediately before such transaction.

      

      (g)  “Code” means the
Internal Revenue Code of 1986, as amended.  Any reference to a section
of the Code herein will be a reference to any successor or amended section of
the Code.

       

      
        
          
          

        

        
          -2-

          
            

          

        

        
          
          

        

      

       

      (h)  “Committee” means a
committee of Directors or of other individuals satisfying Applicable Laws
appointed by the Board in accordance with Section 4 hereof.

      

      (i)  “Common Stock” means
the common stock of the Company.

      

      (j)  “Company” means
Cornerstone OnDemand, Inc., a Delaware corporation, or any successor
thereto.

      

      (k)  “Consultant” means any
person, including an advisor, engaged by the Company or a Parent or Subsidiary
to render services to such entity.

      

      (l)  “Director” means a
member of the Board.

      

      (m)  “Disability” means
total and permanent disability as defined in Section 22(e)(3) of the Code,
provided that in the case of Awards other than Incentive Stock Options, the
Administrator in its discretion may determine whether a permanent and total
disability exists in accordance with uniform and non-discriminatory standards
adopted by the Administrator from time to time.

      

      (n)  “Employee” means any
person, including Officers and Directors, employed by the Company or any Parent
or Subsidiary of the Company.  Neither service as a Director nor
payment of a director’s fee by the Company will be sufficient to constitute
“employment” by the Company.

      

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

      

      (p)  “Exchange Program”
means a program under which (i) outstanding Awards are surrendered or cancelled
in exchange for Awards of the same type (which may have higher or lower exercise
prices and different terms), Awards of a different type, and/or cash, (ii)
Participants would have the opportunity to transfer any outstanding Awards to a
financial institution or other person or entity selected by the Administrator,
and/or (iii) the exercise price of an outstanding Award is increased or
reduced.  The Administrator will determine the terms and conditions of
any Exchange Program in its sole discretion.

      

      (q)  “Fair Market Value”
means, as of any date, the value of Common Stock determined as
follows:

      

      (i)  If
the Common Stock is listed on any established stock exchange or a national
market system, including without limitation the NASDAQ Global Select Market, the
NASDAQ Global Market or the NASDAQ Capital Market of The NASDAQ Stock Market,
its Fair Market Value will be the closing sales price for such stock as quoted
on such exchange or system on the date of determination (or the closing bid, if
no sales were reported), as reported in The Wall Street Journal or
such other source as the Administrator deems reliable;

      

      (ii)  If
the Common Stock is regularly quoted by a recognized securities dealer but
selling prices are not reported, its Fair Market Value will be the mean between
the high bid and low asked prices for the Common Stock on the date of
determination, as reported in The Wall Street Journal or
such other source as the Administrator deems reliable;

       

      
        
          
          

        

        
          -3-

          
            

          

        

        
          
          

        

      

       

      (iii)  For
purposes of any Awards granted on the Registration Date, the Fair Market Value
will be the initial price to the public as set forth in the final prospectus
included within the registration statement in Form S-1 filed with the Securities
and Exchange Commission for the initial public offering of the Company’s Common
Stock; or

       

      (iv)  In
the absence of an established market for the Common Stock, the Fair Market Value
will be determined in good faith by the Administrator.

      

      (r)  “Fiscal Year” means
the fiscal year of the Company.

      

      (s)  “Incentive Stock
Option” means an Option intended to qualify as an incentive stock option
within the meaning of Section 422 of the Code and the regulations
promulgated thereunder.

      

      (t)  “Inside Director”
means a Director who is an Employee.

      

      (u)  “Nonstatutory Stock
Option” means an Option that by its terms does not qualify or is not
intended to qualify as an Incentive Stock Option.

      

      (v)  “Officer” means a
person who is an officer of the Company within the meaning of Section 16 of
the Exchange Act and the rules and regulations promulgated
thereunder.

      

      (w)  “Option” means a stock
option granted pursuant to the Plan.

      

      (x)  “Outside Director”
means a Director who is not an Employee.

      

      (y)  “Parent” means a
“parent corporation,” whether now or hereafter existing, as defined in
Section 424(e) of the Code.

      

      (z)  “Participant” means
the holder of an outstanding Award.

      

      (aa)  “Performance Share”
means an Award denominated in Shares which may be earned in whole or in part
upon attainment of performance goals or other vesting criteria as the
Administrator may determine pursuant to Section 10.

      

      (bb)  “Performance Unit”
means an Award which may be earned in whole or in part upon attainment of
performance goals or other vesting criteria as the Administrator may determine
and which may be settled for cash, Shares or other securities or a combination
of the foregoing  pursuant to Section 10.

      

      (cc)  “Period of
Restriction” means the period during which the transfer of Shares of
Restricted Stock are subject to restrictions and therefore, the Shares are
subject to a substantial risk of forfeiture.  Such restrictions may be
based on the passage of time, the achievement of target levels of performance,
or the occurrence of other events as determined by the
Administrator.

      

      (dd)  “Plan” means this 2010
Equity Incentive Plan.

       

      
        
          
          

        

        
          -4-

          
            

          

        

        
          
          

        

      

       

      (ee)  “Registration Date”
means the effective date of the first registration statement that is filed by
the Company and declared effective pursuant to Section 12(g) of the Exchange
Act, with respect to any class of the Company’s securities.

      

      (ff)  “Restricted Stock”
means Shares issued pursuant to a Restricted Stock award under Section 7 of the
Plan, or issued pursuant to the early exercise of an Option.

      

      (gg)  “Restricted Stock
Unit” means a bookkeeping entry representing an amount equal to the Fair
Market Value of one Share, granted pursuant to Section 8.  Each
Restricted Stock Unit represents an unfunded and unsecured obligation of the
Company.

      

      (hh)  “Rule 16b-3” means
Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, as in effect when
discretion is being exercised with respect to the Plan.

      

      (ii)  “Section 16(b)”  means
Section 16(b) of the Exchange Act.

      

      (jj)  “Service Provider”
means an Employee, Director or Consultant.

      

      (kk)  “Share” means a share
of the Common Stock, as adjusted in accordance with Section 13 of the
Plan.

      

      (ll)  “Stock Appreciation
Right” means an Award, granted alone or in connection with an Option,
that pursuant to Section 9 is designated as a Stock Appreciation
Right.

      

      (mm)  “Subsidiary” means a
“subsidiary corporation”, whether now or hereafter exist­ing, as defined in
Section 424(f) of the Code.

      

      3.  Stock Subject to the Plan.

      

      (a)  Stock Subject to the Plan.  Subject
to the provisions of Section 13 of the Plan, the maximum aggregate number of
Shares that may be issued under the Plan is 3,500,000 Shares, plus (i) any
Shares that, as of the Registration Date, have been reserved but not issued
pursuant to any awards granted under the Company’s 2009 Equity Incentive Plan
(the “Existing
Plan”) and are not subject to any awards granted thereunder, and
(ii) any Shares subject to stock options or similar awards granted under
the Existing Plan that expire or otherwise terminate without having been
exercised in full and Shares issued pursuant to awards granted under the
Existing Plan that are forfeited to or repurchased by the Company, with the
maximum number of Shares to be added to the Plan pursuant to clauses (i) and
(ii) equal to 6,262,797 Shares.  The Shares may be authorized, but
unissued, or reacquired Common Stock.

      

      (b)  Automatic Share Reserve
Increase.  The number of Shares available for issuance under
the Plan will be increased on the first day of each Fiscal Year beginning with
the 2012 Fiscal Year, in an amount equal to the least of (i) 5,500,000
Shares, (ii) four and one half percent (4.5%) of the outstanding Shares on the
last day of the immediately preceding Fiscal Year or (iii) such number of
Shares determined by the Board.

       

      
        
          
          

        

        
          -5-

          
            

          

        

        
          
          

        

      

       

      (c)  Lapsed
Awards.  If an Award expires or becomes unexercisable without
having been exercised in full, is surrendered pursuant to an Exchange Program,
or, with respect to Restricted Stock, Restricted Stock Units, Performance Units
or Performance Shares, is forfeited to or repurchased by the Company due to
failure to vest, the unpurchased Shares (or for Awards other than Options or
Stock Appreciation Rights the forfeited or repurchased Shares) which were
subject thereto will become available for future grant or sale under the Plan
(unless the Plan has terminated).  With respect to Stock Appreciation
Rights, only Shares actually issued (i.e., the net Shares issued) pursuant to a
Stock Appreciation Right will cease to be available under the Plan; all
remaining Shares under Stock Appreciation Rights will remain available for
future grant or sale under the Plan (unless the Plan has
terminated).  Shares that have actually been issued under the Plan
under any Award will not be returned to the Plan and will not become available
for future distribution under the Plan; provided, however, that if Shares issued
pursuant to Awards of Restricted Stock, Restricted Stock Units, Performance
Shares or Performance Units are repurchased by the Company or are forfeited to
the Company, such Shares will become available for future grant under the
Plan.  Shares used to pay the exercise price of an Award or to satisfy
the tax withholding obligations related to an Award will become available for
future grant or sale under the Plan.  To the extent an Award under the
Plan is paid out in cash rather than Shares, such cash payment will not result
in reducing the number of Shares available for issuance under the
Plan.  Notwithstanding the foregoing and, subject to adjustment as
provided in Section 13, the maximum number of Shares that may be issued upon the
exercise of Incentive Stock Options will equal the aggregate Share number stated
in Section 3(a), plus, to the extent allowable under Section 422 of the
Code and the Treasury Regulations promulgated thereunder, any Shares that become
available for issuance under the Plan pursuant to Sections 3(b) and
3(c).

      

      (d)  Share
Reserve.  The Company, during the term of this Plan, will at
all times reserve and keep available such number of Shares as will be sufficient
to satisfy the requirements of the Plan.

      

      4.  Administration of the
Plan.

      

      (a)  Procedure.

      

      (i)  Multiple Administrative
Bodies.  Different Committees with respect to different groups
of Service Providers may administer the Plan.

      

      (ii)  Section 162(m).  To
the extent that the Administrator determines it to be desirable to qualify
Awards granted hereunder as “performance-based compensation” within the meaning
of Section 162(m) of the Code, the Plan will be administered by a Committee
of two (2) or more “outside directors” within the meaning of Section 162(m)
of the Code.

      

      (iii)  Rule
16b-3.  To the extent desirable to qualify transactions
hereunder as exempt under Rule 16b-3, the transactions contemplated hereunder
will be structured to satisfy the requirements for exemption under Rule
16b-3.

      

      (iv)  Other
Administration.  Other than as provided above, the Plan will be
administered by (A) the Board or (B) a Committee, which committee will
be constituted to satisfy Applicable Laws.

      

      (b)  Powers of the
Administrator.  Subject to the provisions of the Plan, and in
the case of a Committee, subject to the specific duties delegated by the Board
to such Committee, the Administrator will have the authority, in its
discretion:

      

      (i)  to
determine the Fair Market Value;

      

      (ii)  to
select the Service Providers to whom Awards may be granted
hereunder;

      

      (iii)  to
determine the number of Shares to be covered by each Award granted
hereunder;

      

      (iv)  to
approve forms of Award Agreements for use under the Plan;

       

      
        
          
          

        

        
          -6-

          
            

          

        

        
          
          

        

      

       

      (v)  to
determine the terms and conditions, not inconsistent with the terms of the Plan,
of any Award granted hereunder.  Such terms and conditions include,
but are not limited to, the exercise price, the time or times when Awards may be
exercised (which may be based on performance criteria), any vesting acceleration
or waiver of forfeiture restrictions, and any restriction or limitation
regarding any Award or the Shares relating thereto, based in each case on such
factors as the Administrator will determine;

      

      (vi)  to
determine the terms and conditions of any, and to institute any Exchange
Program;

      

      (vii)  to
construe and interpret the terms of the Plan and Awards granted pursuant to the
Plan;

      

      (viii)  to
prescribe, amend and rescind rules and regulations relating to the Plan,
including rules and regulations relating to sub-plans established for the
purpose of satisfying applicable foreign laws;

      

      (ix)  to
modify or amend each Award (subject to Section 18 of the Plan), including
but not limited to the discretionary authority to extend the post-termination
exercisability period of Awards and to extend the maximum term of an Option
(subject to Section 6(b) of the Plan regarding Incentive Stock
Options);

      

      (x)  to
allow Participants to satisfy withholding tax obligations in such manner as
prescribed in Section 14 of the Plan;

      

      (xi)  to
authorize any person to execute on behalf of the Company any instrument required
to effect the grant of an Award previously granted by the
Administrator;

      

      (xii)  to
allow a Participant to defer the receipt of the payment of cash or the delivery
of Shares that would otherwise be due to such Participant under an Award;
and

      

      (xiii)  to
make all other determinations deemed necessary or advisable for administering
the Plan.

       

      
        
          
          

        

        
          -7-

          
            

          

        

        
          
          

        

      

       

      (c)  Effect of
Administrator’s Decision.  The Administrator’s decisions,
determinations and interpretations will be final and binding on all Participants
and any other holders of Awards.

      

      5.  Eligibility.  Nonstatutory
Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock
Units, Performance Shares and Performance Units may be granted to Service
Providers.  Incentive Stock Options may be granted only to
Employees.

      

      6.  Stock
Options.

      

      (a)  Grant of Stock
Options.  Each Option will be designated in the Award Agreement
as either an Incentive Stock Option or a Nonstatutory Stock
Option.  However, notwithstanding such designation, to the extent that
the aggregate Fair Market Value of the Shares with respect to which Incentive
Stock Options are exercisable for the first time by the Participant during any
calendar year (under all plans of the Company and any Parent or Subsidiary)
exceeds one hundred thousand dollars ($100,000), such Options will be treated as
Nonstatutory Stock Options.  For purposes of this Section 6(a),
Incentive Stock Options will be taken into account in the order in which they
were granted.  The Fair Market Value of the Shares will be determined
as of the time the Option with respect to such Shares is granted.

      

      (b)  Stock Option
Agreement.  The term of each Option will be stated in the Award
Agreement.  In the case of an Incentive Stock Option, the term will be
ten (10) years from the date of grant or such shorter term as may be provided in
the Award Agreement.  Moreover, in the case of an Incentive Stock
Option granted to a Participant who, at the time the Incentive Stock Option is
granted, owns stock representing more than ten percent (10%) of the total
combined voting power of all classes of stock of the Company or any Parent or
Subsidiary, the term of the Incentive Stock Option will be five (5) years from
the date of grant or such shorter term as may be provided in the Award
Agreement.

      

      (c)  Exercise Price and Other
Terms.  The per share exercise price for the Shares to be
issued pursuant to exercise of an Option will be determined by the
Administrator, subject to the following:

      

      (i)  In
the case of an Incentive Stock Option granted to an Employee who, at the time
the Incentive Stock Option is granted, owns stock representing more than ten
percent (10%) of the voting power of all classes of stock of the Company or any
Parent or Subsidiary, the per Share exercise price will be no less than one
hundred ten percent (110%) of the Fair Market Value per Share on the date of
grant.

      

      (ii)  In
the case of an Incentive Stock Option granted to any Employee other than an
Employee described in paragraph a) immediately above, the per Share exercise
price will be no less than one hundred percent (100%) of the Fair Market Value
per Share on the date of grant.

      

      (iii)  In
the case of a Nonstatutory Stock Option, the per Share exercise price will be no
less than one hundred percent (100%) of the Fair Market Value per Share on the
date of grant.

       

      
        
          
          

        

        
          -8-

          
            

          

        

        
          
          

        

      

       

      (iv)  Notwithstanding
the foregoing, Options may be granted with a per Share exercise price of less
than one hundred percent (100%) of the Fair Market Value per Share on the date
of grant pursuant to a transaction described in, and in a manner consistent
with, Section 424(a) of the Code

      

      (v)  At
the time an Option is granted, the Administrator will fix the period within
which the Option may be exercised and will determine any conditions that must be
satisfied before the Option may be exercised.

      

      (d)  Form of
Consideration.  The Administrator will determine the acceptable
form of consideration for exercising an Option, including the method of
payment.  In the case of an Incentive Stock Option, the Administrator
will determine the acceptable form of consideration at the time of
grant.  Such consideration may consist entirely of: (1) cash; (2)
check; (3) promissory note, to the extent permitted by Applicable Laws; (4)
other Shares, provided that such Shares have a Fair Market Value on the date of
surrender equal to the aggregate exercise price of the Shares as to which such
Option will be exercised and provided that accepting such Shares will not result
in any adverse accounting consequences to the Company, as the Administrator
determines in its sole discretion; (5) consideration received by the Company
under a broker-assisted (or other) cashless exercise program (whether through a
broker or otherwise) implemented by the Company in connection with the Plan; (6)
by net exercise; (7) such other consideration and method of payment for the
issuance of Shares to the extent permitted by Applicable Laws; or (8) any
combination of the foregoing methods of payment.

      

      (e)  Exercise of
Option.  Any Option granted hereunder will be exercisable
according to the terms of the Plan and at such times and under such conditions
as determined by the Administrator and set forth in the Award
Agreement.  An Option may not be exercised for a fraction of a
Share.

      

      An Option
will be deemed exercised when the Company receives: (i) notice of exercise
(in such form as the Administrator may specify from time to time) from the
person entitled to exercise the Option, and (ii) full payment for the
Shares with respect to which the Option is exercised (together with applicable
withholding taxes).  Full payment may consist of any consideration and
method of payment authorized by the Administrator and permitted by the Award
Agreement and the Plan.  Shares issued upon exercise of an Option will
be issued in the name of the Participant or, if requested by the Participant, in
the name of the Participant and his or her spouse.  Until the Shares
are issued (as evidenced by the appropriate entry on the books of the Company or
of a duly authorized transfer agent of the Company), no right to vote or receive
dividends or any other rights as a stockholder will exist with respect to the
Shares subject to an Option, notwithstanding the exercise of the
Option.  The Company will issue (or cause to be issued) such Shares
promptly after the Option is exercised.  No adjustment will be made
for a dividend or other right for which the record date is prior to the date the
Shares are issued, except as provided in Section 13 of the Plan.

      

      Exercising
an Option in any manner will decrease the number of Shares thereafter available,
both for purposes of the Plan and for sale under the Option, by the number of
Shares as to which the Option is exercised.

       

      
        
          
          

        

        
          -9-

          
            

          

        

        
          
          

        

      

       

      (f)  Termination of Relationship
as a Service Provider.  If a Participant ceases to be a Service
Provider, other than upon the Participant’s termination as the result of the
Participant’s death or Disability, the Participant may exercise his or her
Option within such period of time as is specified in the Award Agreement to the
extent that the Option is vested on the date of termination (but in no event
later than the expiration of the term of such Option as set forth in the Award
Agreement).  In the absence of a specified time in the Award
Agreement, the Option will remain exercisable for three (3) months following the
Participant’s termination.  Unless otherwise provided by the
Administrator, if on the date of termination the Participant is not vested as to
his or her entire Option, the Shares covered by the unvested portion of the
Option will revert to the Plan.  If after termination the Participant
does not exercise his or her Option within the time specified by the
Administrator, the Option will terminate, and the Shares covered by such Option
will revert to the Plan.

      

      (g)  Disability of
Participant.  If a Participant ceases to be a Service Provider
as a result of the Participant’s Disability, the Participant may exercise his or
her Option within such period of time as is specified in the Award Agreement to
the extent the Option is vested on the date of termination (but in no event
later than the expiration of the term of such Option as set forth in the Award
Agreement).  In the absence of a specified time in the Award
Agreement, the Option will remain exercisable for twelve (12) months following
the Participant’s termination.  Unless otherwise provided by the
Administrator, if on the date of termination the Participant is not vested as to
his or her entire Option, the Shares covered by the unvested portion of the
Option will revert to the Plan.  If after termination the Participant
does not exercise his or her Option within the time specified herein, the Option
will terminate, and the Shares covered by such Option will revert to the
Plan.

      

      (h)  Death of
Participant.  If a Participant dies while a Service Provider,
the Option may be exercised following the Participant’s death within such period
of time as is specified in the Award Agreement to the extent that the Option is
vested on the date of death (but in no event may the option be exercised later
than the expiration of the term of such Option as set forth in the Award
Agreement), by the Participant’s designated beneficiary, provided such
beneficiary has been designated prior to Participant’s death in a form
acceptable to the Administrator.  If no such beneficiary has been
designated by the Participant, then such Option may be exercised by the personal
representative of the Participant’s estate or by the person(s) to whom the
Option is transferred pursuant to the Participant’s will or in accordance with
the laws of descent and distribution.  In the absence of a specified
time in the Award Agreement, the Option will remain exercisable for twelve (12)
months following Participant’s death.  Unless otherwise provided by
the Administrator, if at the time of death Participant is not vested as to his
or her entire Option, the Shares covered by the unvested portion of the Option
will immediately revert to the Plan.  If the Option is not so
exercised within the time specified herein, the Option will terminate, and the
Shares covered by such Option will revert to the Plan.

      

      7.  Restricted
Stock.

      

      (a)  Grant of Restricted
Stock.  Subject to the terms and provisions of the Plan, the
Administrator, at any time and from time to time, may grant Shares of Restricted
Stock to Service Providers in such amounts as the Administrator, in its sole
discretion, will determine.

       

      
        
          
          

        

        
          -10-

          
            

          

        

        
          
          

        

      

       

      (b)  Restricted Stock
Agreement.  Each Award of Restricted Stock will be evidenced by
an Award Agreement that will specify the Period of Restriction, the number of
Shares granted, and such other terms and conditions as the Administrator, in its
sole discretion, will determine.  Unless the Administrator determines
otherwise, the Company as escrow agent will hold Shares of Restricted Stock
until the restrictions on such Shares have lapsed.

      

      (c)  Transferability.  Except
as provided in this Section 7, Shares of Restricted Stock may not be sold,
transferred, pledged, assigned, or otherwise alienated or hypothecated until the
end of the applicable Period of Restriction.

      

      (d)  Other
Restrictions.  The Administrator, in its sole discretion, may
impose such other restrictions on Shares of Restricted Stock as it may deem
advisable or appropriate.

      

      (e)  Removal of
Restrictions.  Except as otherwise provided in this Section 7,
Shares of Restricted Stock covered by each Restricted Stock grant made under the
Plan will be released from escrow as soon as practicable after the last day of
the Period of Restriction or at such other time as the Administrator may
determine.  The Administrator, in its discretion, may accelerate the
time at which any restrictions will lapse or be removed.

      

      (f)  Voting
Rights.  During the Period of Restriction, Service Providers
holding Shares of Restricted Stock granted hereunder may exercise full voting
rights with respect to those Shares, unless the Administrator determines
otherwise.

      

      (g)  Dividends and Other
Distributions.  During the Period of Restriction, Service
Providers holding Shares of Restricted Stock will be entitled to receive all
dividends and other distributions paid with respect to such Shares, unless the
Administrator provides otherwise.  If any such dividends or
distributions are paid in Shares, the Shares will be subject to the same
restrictions on transferability and forfeitability as the Shares of Restricted
Stock with respect to which they were paid.

      

      (h)  Return of Restricted Stock
to Company.  On the date set forth in the Award Agreement, the
Restricted Stock for which restrictions have not lapsed will revert to the
Company and again will become available for grant under the Plan.

      

      8.  Restricted Stock
Units.

      

      (a)  Grant of Restricted Stock
Units.  Restricted Stock Units may be granted at any time and
from time to time as determined by the Administrator.  After the
Administrator determines that it will grant Restricted Stock Units under the
Plan, it will advise the Participant in an Award Agreement of the terms,
conditions, and restrictions related to the grant, including the number of
Restricted Stock Units.

      

      (b)  Restricted Stock Unit
Agreement.  The Administrator will set vesting criteria in its
discretion, which, depending on the extent to which the criteria are met, will
determine the number of Restricted Stock Units that will be paid out to the
Participant.  The Administrator may set vesting criteria based upon
the achievement of Company-wide, business unit, or individual goals (including,
but not limited to, continued employment), or any other basis determined by the
Administrator in its discretion.

       

      
        
          
          

        

        
          -11-

          
            

          

        

        
          
          

        

      

       

      (c)  Earning Restricted Stock
Units.  Upon meeting the applicable vesting criteria, the
Participant will be entitled to receive a payout as determined by the
Administrator.  Notwithstanding the foregoing, at any time after the
grant of Restricted Stock Units, the Administrator, in its sole discretion, may
reduce or waive any vesting criteria that must be met to receive a
payout.

      

      (d)  Form and Timing of
Payment.  Payment of earned Restricted Stock Units will be made
as soon as practicable after the date(s) determined by the Administrator and set
forth in the Award Agreement.  The Administrator, in its sole
discretion, may only settle earned Restricted Stock Units in cash, Shares, or a
combination of both.

      

      (e)  Cancellation.  On
the date set forth in the Award Agreement, all unearned Restricted Stock Units
will be forfeited to the Company.

      

      9.  Stock Appreciation
Rights.

      

      (a)  Grant of Stock Appreciation
Rights.  Subject to the terms and conditions of the Plan, a
Stock Appreciation Right may be granted to Service Providers at any time and
from time to time as will be determined by the Administrator, in its sole
discretion.

      

      (b)  Stock Appreciation Right
Agreement.  Each Stock Appreciation Right grant will be
evidenced by an Award Agreement that will specify the exercise price, the term
of the Stock Appreciation Right, the conditions of exercise, and such other
terms and conditions as the Administrator, in its sole discretion, will
determine.

      

      (c)  Number of
Shares.  The Administrator will have complete discretion to
determine the number of Stock Appreciation Rights granted to any Service
Provider.

      

      (d)  Exercise Price and Other
Terms.  The per share exercise price for the Shares to be
issued pursuant to exercise of a Stock Appreciation Right will be determined by
the Administrator and will be no less than one hundred percent (100%) of the
Fair Market Value per Share on the date of grant.  Otherwise, the
Administrator, subject to the provisions of the Plan, will have complete
discretion to determine the terms and conditions of Stock Appreciation Rights
granted under the Plan.

      

      (e)  Expiration of Stock
Appreciation Rights.  A Stock Appreciation Right granted under
the Plan will expire upon the date determined by the Administrator, in its sole
discretion, and set forth in the Award Agreement.  Notwithstanding the
foregoing, the rules of Section 6(b) relating to the maximum term and
Sections 6(e), 6(f), 6(g) and 6(h) relating to exercise also will apply to Stock
Appreciation Rights.

      

      (f)  Payment of Stock
Appreciation Right Amount.  Upon exercise of a Stock
Appreciation Right, a Participant will be entitled to receive payment from the
Company in an amount determined by multiplying:

      

      (i)  The
difference between the Fair Market Value of a Share on the date of exercise over
the exercise price; times

       

      
        
          
          

        

        
          -12-

          
            

          

        

        
          
          

        

      

       

      (ii)  The
number of Shares with respect to which the Stock Appreciation Right is
exercised.

      

      At the
discretion of the Administrator, the payment upon Stock Appreciation Right
exercise may be in cash, in Shares of equivalent value, or in some combination
thereof.

      

      10.  Performance Units and
Performance Shares.

      

      (a)  Grant of Performance
Units/Shares.  Performance Units and Performance Shares may be
granted to Service Providers at any time and from time to time, as will be
determined by the Administrator, in its sole discretion.  The
Administrator will have complete discretion in determining the number of
Performance Units and Performance Shares granted to each
Participant.

      

      (b)  Performance Units/Shares
Agreement and Other Terms.  The Administrator will set
performance objectives or other vesting provisions (including, without
limitation, continued status as a Service Provider) in its discretion which,
depending on the extent to which they are met, will determine the number or
value of Performance Units/Shares that will be paid out to the Service
Providers.  The time period during which the performance objectives or
other vesting provisions must be met will be called the “Performance
Period.”  Each Award of Performance Units/Shares will be evidenced by
an Award Agreement that will specify the Performance Period, and such other
terms and conditions as the Administrator, in its sole discretion, will
determine.  The Administrator may set performance objectives based
upon the achievement of Company-wide, divisional, or individual goals,
applicable federal or state securities laws, or any other basis determined by
the Administrator in its discretion.

      

      (c)  Value of Performance
Units/Shares.  Each Performance Unit will have an initial value
that is established by the Administrator on or before the date of
grant.  Each Performance Share will have an initial value equal to the
Fair Market Value of a Share on the date of grant.

      

      (d)  Earning of Performance
Units/Shares.  After the applicable Performance Period has
ended, the holder of Performance Units/Shares will be entitled to receive a
payout of the number of Performance Units/Shares earned by the Participant over
the Performance Period, to be determined as a function of the extent to which
the corresponding performance objectives or other vesting provisions have been
achieved.  After the grant of a Performance Unit/Share, the
Administrator, in its sole discretion, may reduce or waive any performance
objectives or other vesting provisions for such Performance
Unit/Share.

      

      (e)  Form and Timing of Payment
of Performance Units/Shares.  Payment of earned Performance
Units/Shares will be made as soon as practicable after the expiration of the
applicable Performance Period.  The Administrator, in its sole
discretion, may pay earned Performance Units/Shares in the form of cash, in
Shares (which have an aggregate Fair Market Value equal to the value of the
earned Performance Units/Shares at the close of the applicable Performance
Period) or in a combination thereof.

      

      (f)  Cancellation of Performance
Units/Shares.  On the date set forth in the Award Agreement,
all unearned or unvested Performance Units/Shares will be forfeited to the
Company, and again will be available for grant under the Plan.

       

      
        
          
          

        

        
          -13-

          
            

          

        

        
          
          

        

      

       

      11.  Leaves of Absence/Transfer
Between Locations.  Unless the Administrator provides
otherwise, vesting of Awards granted hereunder will be suspended during any
unpaid leave of absence.  A Participant will not cease to be an
Employee in the case of (i) any leave of absence approved by the Company or
(ii) transfers between locations of the Company or between the Company, its
Parent, or any Subsidiary.  For purposes of Incentive Stock Options,
no such leave may exceed three (3) months, unless reemployment upon expiration
of such leave is guaranteed by statute or contract.  If reemployment
upon expiration of a leave of absence approved by the Company is not so
guaranteed, then six (6) months following the first (1st) day of
such leave any Incentive Stock Option held by the Participant will cease to be
treated as an Incentive Stock Option and will be treated for tax purposes as a
Nonstatutory Stock Option.

      

      12.  Transferability of
Awards.  Unless determined otherwise by the Administrator, an
Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed
of in any manner other than by will or by the laws of descent or distribution
and may be exercised, during the lifetime of the Participant, only by the
Participant.  If the Administrator makes an Award transferable, such
Award will contain such additional terms and conditions as the Administrator
deems appropriate.

      

      13.  Adjustments; Dissolution or
Liquidation; Merger or Change in Control.

      

      (a)  Adjustments.  In
the event that any dividend or other distribution (whether in the form of cash,
Shares, other securities, or other property), recapitalization, stock split,
reverse stock split, reorganization, merger, consolidation, split-up, spin-off,
combination, repurchase, or exchange of Shares or other securities of the
Company, or other change in the corporate structure of the Company affecting the
Shares occurs, the Administrator, in order to prevent diminution or enlargement
of the benefits or potential benefits intended to be made available under the
Plan, will adjust the number and class of Shares that may be delivered under the
Plan and/or the number, class, and price of Shares covered by each outstanding
Award and the numerical Share limits in Section 3 of the Plan.

      

      (b)  Dissolution or
Liquidation.  In the event of the proposed dissolution or
liquidation of the Company, the Administrator will notify each Participant as
soon as practicable prior to the effective date of such proposed
transaction.  To the extent it has not been previously exercised, an
Award will terminate immediately prior to the consummation of such proposed
action.

      

      (c)  Change in
Control.  In the event of a merger or Change in Control, each
outstanding Award will be treated as the Administrator determines, including,
without limitation, that each Award be assumed or an equivalent option or right
substituted by the successor corporation or a Parent or Subsidiary of the
successor corporation.  The Administrator will not be required to
treat all Awards similarly in the transaction.

      

      In the
event that the successor corporation does not assume or substitute for the
Award, the Participant will fully vest in and have the right to exercise all of
his or her outstanding Options and Stock Appreciation Rights, including Shares
as to which such Awards would not otherwise be vested or exercisable, all
restrictions on Restricted Stock and Restricted Stock Units will lapse, and,
with respect to Awards with performance-based vesting, all performance goals or
other vesting criteria will be deemed achieved at one hundred percent (100%) of
target levels and all other terms and conditions met.  In addition, if
an Option or Stock Appreciation Right is not assumed or substituted in the event
of a Change in Control, the Administrator will notify the Participant in writing
or electronically that the Option or Stock Appreciation Right will be
exercisable for a period of time determined by the Administrator in its sole
discretion, and the Option or Stock Appreciation Right will terminate upon the
expiration of such period.

       

      
        
          
          

        

        
          -14-

          
            

          

        

        
          
          

        

      

       

      For the
purposes of this subsection (c), an Award will be considered assumed if,
following the Change in Control, the Award confers the right to purchase or
receive, for each Share subject to the Award immediately prior to the Change in
Control, the consideration (whether stock, cash, or other securities or
property) received in the Change in Control by holders of Common Stock for each
Share held on the effective date of the transaction (and if holders were offered
a choice of consideration, the type of consideration chosen by the holders of a
majority of the outstanding Shares); provided, however, that if such
consideration received in the Change in Control is not solely common stock of
the successor corporation or its Parent, the Administrator may, with the consent
of the successor corporation, provide for the consideration to be received upon
the exercise of an Option or Stock Appreciation Right or upon the payout of a
Restricted Stock Unit, Performance Unit or Performance Share, for each Share
subject to such Award, to be solely common stock of the successor corporation or
its Parent equal in fair market value to the per share consideration received by
holders of Common Stock in the Change in Control.

      

      Notwithstanding
anything in this Section 13(c) to the contrary, an Award that vests, is earned
or paid-out upon the satisfaction of one or more performance goals will not be
considered assumed if the Company or its successor modifies any of such
performance goals without the Participant’s consent; provided, however, a
modification to such performance goals only to reflect the successor
corporation’s post-Change in Control corporate structure will not be deemed to
invalidate an otherwise valid Award assumption.

      

      (d)  Outside Director
Awards.  With respect to Awards granted to an Outside Director
that are assumed or substituted for, if on the date of or following such
assumption or substitution the Participant’s status as a Director or a director
of the successor corporation, as applicable, is terminated other than upon a
voluntary resignation by the Participant (unless such resignation is at the
request of the acquirer), then the Participant will fully vest in and have the
right to exercise Options and/or Stock Appreciation Rights as to all of the
Shares underlying such Award, including those Shares which would not otherwise
be vested or exercisable, all restrictions on Restricted Stock and Restricted
Stock Units will lapse, and, with respect to Performance Units and Performance
Shares, all performance goals or other vesting criteria will be deemed achieved
at one hundred percent (100%) of target levels and all other terms and
conditions met.

      

      14.  Tax.

      

      (a)  Withholding
Requirements.  Prior to the delivery of any Shares or cash
pursuant to an Award (or exercise thereof), the Company will have the power and
the right to deduct or withhold, or require a Participant to remit to the
Company, an amount sufficient to satisfy federal, state, local, foreign or other
taxes (including the Participant’s FICA obligation) required to be withheld with
respect to such Award (or exercise thereof).

      

      (b)  Withholding
Arrangements.  The Administrator, in its sole discretion and
pursuant to such procedures as it may specify from time to time, may permit a
Participant to satisfy such tax withholding obligation, in whole or in part by
(without limitation) (a) paying cash, (b) electing to have the Company
withhold otherwise deliverable cash or Shares having a Fair Market Value equal
to the minimum statutory amount required to be withheld, or (c) delivering to
the Company already-owned Shares having a Fair Market Value equal to the minimum
statutory amount required to be withheld.  The Fair Market Value of
the Shares to be withheld or delivered will be determined as of the date that
the taxes are required to be withheld.

       

      
        
          
          

        

        
          -15-

          
            

          

        

        
          
          

        

      

       

      (c)  Compliance With Code
Section 409A.  Awards will be designed and operated in
such a manner that they are either exempt from the application of, or comply
with, the requirements of Code Section 409A such that the grant, payment,
settlement or deferral will not be subject to the additional tax or interest
applicable under Code Section 409A, except as otherwise determined in the
sole discretion of the Administrator.  The Plan and each Award
Agreement under the Plan is intended to meet the requirements of Code
Section 409A and will be construed and interpreted in accordance with such
intent, except as otherwise determined in the sole discretion of the
Administrator.  To the extent that an Award or payment, or the
settlement or deferral thereof, is subject to Code Section 409A the Award
will be granted, paid, settled or deferred in a manner that will meet the
requirements of Code Section 409A, such that the grant, payment, settlement
or deferral will not be subject to the additional tax or interest applicable
under Code Section 409A.

      

      15.  No Effect on Employment or
Service.  Neither the Plan nor any Award will confer upon a
Participant any right with respect to continuing the Participant’s relationship
as a Service Provider with the Company, nor will they interfere in any way with
the Participant’s right or the Company’s right to terminate such relationship at
any time, with or without cause, to the extent permitted by Applicable
Laws.

      

      16.  Date of
Grant.  The date of grant of an Award will be, for all
purposes, the date on which the Administrator makes the determination granting
such Award, or such other later date as is determined by the
Administrator.  Notice of the determination will be provided to each
Participant within a reasonable time after the date of such grant.

      

      17.  Term of
Plan.  Subject to Section 21 of the Plan, the Plan
will become effective upon the later to occur of (i) its adoption by the Board
or (ii) immediately prior to the Registration Date.  It will continue
in effect for a term of ten (10) years from the date adopted by the Board,
unless terminated earlier under Section 18 of the Plan.

      

      18.  Amendment and Termination of
the Plan.

      

      (a)  Amendment and
Termination.  The Board may at any time amend, alter, suspend
or terminate the Plan.

      

      (b)  Stockholder
Approval.  The Company will obtain stockholder approval of any
Plan amendment to the extent necessary and desirable to comply with Applicable
Laws.

      

      (c)  Effect of Amendment or
Termination.  No amendment, alteration, suspension or
termination of the Plan will impair the rights of any Participant, unless
mutually agreed otherwise between the Participant and the Administrator, which
agreement must be in writing and signed by the Participant and the
Company.  Termination of the Plan will not affect the Administrator’s
ability to exercise the powers granted to it hereunder with respect to Awards
granted under the Plan prior to the date of such termination.

       

      
        
          
          

        

        
          -16-

          
            

          

        

        
          
          

        

      

       

      19.  Conditions Upon Issuance of
Shares.

      

      (a)  Legal
Compliance.  Shares will not be issued pursuant to the exercise
of an Award unless the exercise of such Award and the issuance and delivery of
such Shares will comply with Applicable Laws and will be further subject to the
approval of counsel for the Company with respect to such
compliance.

      

      (b)  Investment
Representations.  As a condition to the exercise of an Award,
the Company may require the person exercising such Award to represent and
warrant at the time of any such exercise that the Shares are being purchased
only for investment and without any present intention to sell or distribute such
Shares if, in the opinion of counsel for the Company, such a representation is
required.

      

      20.  Inability to Obtain
Authority.  The inability of the Company to obtain authority
from any regulatory body having jurisdiction, which authority is deemed by the
Company’s counsel to be necessary to the lawful issuance and sale of any Shares
hereunder, will relieve the Company of any liability in respect of the failure
to issue or sell such Shares as to which such requisite authority will not have
been obtained.

      

      21.  Stockholder
Approval.  The Plan will be subject to approval by the
stockholders of the Company within twelve (12) months after the date the Plan is
adopted by the Board.  Such stockholder approval will be obtained in
the manner and to the degree required under Applicable Laws.

    

     

    
      
         

      

      
        -17-

        
          

        

      

      
         

      

       

      
        

        CORNERSTONE
ONDEMAND, INC.

        

        2010
EQUITY INCENTIVE PLAN

        

        STOCK
OPTION AWARD AGREEMENT

        

        Unless
otherwise defined herein, the terms defined in the Cornerstone OnDemand, Inc.
2010 Equity Incentive Plan (the “Plan”) will have the same defined meanings in
this Stock Option Award Agreement (the “Award Agreement”).

        

        I.           NOTICE OF STOCK OPTION
GRANT

        

        Name:

        Address:

        

        The
undersigned Participant has been granted an Option to purchase Common Stock of
Cornerstone OnDemand, Inc. (the “Company”), subject to the terms and conditions
of the Plan and this Award Agreement, as follows:

         

        Grant
Number:

        

        Date of
Grant:

        

        Vesting
Commencement Date:

        

        
          
            
              
                
                  
                    	 	
                            Exercise Price per
      Share:

                          	$
	 	 	 
	 	
                            Total Number of Shares
      Granted: 

                          	 
	 	 	 
	 	
                            Total Exercise
      Price:

                          	$
	 	 	 
	
                          	
                            Type
      of Option:

                          	
                            ___
      Incentive Stock Option

                          
	 	 	 
	 	 	___
      Nonstatutory Stock
Option

                  

                

              

            

          

        

        

        Term/Expiration
Date:

        

        Vesting
Schedule:

        

        Subject
to any acceleration provisions contained in the Plan or set forth below, this
Option may be exercised, in whole or in part, in accordance with the following
schedule:

        

        [INSERT
VESTING SCHEDULE]

        

        Termination
Period:

        

        This Option will be exercisable for
three (3) months after Participant ceases to be a Service Provider, unless such
termination is due to Participant’s death or Disability, in which case this
Option will be exercisable for twelve (12) months after Participant
ceases to be Service Provider.  Notwithstanding the foregoing, in no
event may this Option be exercised after the Term/Expiration Date as provided
above and may be subject to earlier termination as provided in Section 13 of the
Plan.

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

         

        II.           AGREEMENT

        

        1.           Grant of
Option.  The Company hereby grants to the individual named in
the Notice of Stock Option Grant in Part I of this Award Agreement (the
“Participant”) an option (the “Option”) to purchase the number of Shares, as set
forth in the Notice of Stock Option Grant (the “Notice of Grant”), at the
exercise price per Share set forth in the Notice of Grant (the “Exercise
Price”), subject to all of the terms and conditions in this Award Agreement and
the Plan, which is incorporated herein by reference.  Subject to
Section 18(c) of the Plan, in the event of a conflict between the terms and
conditions of the Plan and the terms and conditions of this Award Agreement, the
terms and conditions of the Plan will prevail.

        

        If
designated in the Notice of Grant as an Incentive Stock Option (“ISO”), this
Option is intended to qualify as an ISO under Section 422 of the Internal
Revenue Code of 1986, as amended (the “Code”).  However, if this
Option is intended to be an ISO, to the extent that it exceeds the $100,000 rule
of Code Section 422(d) it will be treated as a Nonstatutory Stock Option
(“NSO”).  Further, if for any reason this Option (or portion thereof)
will not qualify as an ISO, then, to the extent of such nonqualification, such
Option (or portion thereof) shall be regarded as a NSO granted under the
Plan.  In no event will the Administrator, the Company or any Parent
or Subsidiary or any of their respective employees or directors have any
liability to Participant (or any other person) due to the failure of the Option
to qualify for any reason as an ISO.

        

        2.           Vesting
Schedule.  Except as provided in Section 3, the Option awarded
by this Award Agreement will vest in accordance with the vesting provisions set
forth in the Notice of Grant.  Shares scheduled to vest on a certain
date or upon the occurrence of a certain condition will not vest in Participant
in accordance with any of the provisions of this Award Agreement, unless
Participant will have been continuously a Service Provider from the Date of
Grant until the date such vesting occurs.

        

        3.           Administrator
Discretion.  The Administrator, in its discretion, may
accelerate the vesting of the balance, or some lesser portion of the balance, of
the unvested Option at any time, subject to the terms of the Plan.  If
so accelerated, such Option will be considered as having vested as of the date
specified by the Administrator.

        

        4.           Exercise of
Option.

        

        (a)           Right to
Exercise.  This Option may be exercised only within the term
set out in the Notice of Grant, and may be exercised during such term only in
accordance with the Plan and the terms of this Award Agreement.

        

        (b)           Method of
Exercise.  This Option is exercisable by delivery of an
exercise notice, in the form attached as Exhibit A (the
“Exercise Notice”) or in a manner
and pursuant to such procedures as the Administrator may determine, which
will state the election to exercise the Option, the number of Shares in respect
of which the Option is being exercised (the “Exercised Shares”), and such other
representations and agreements as may be required by the Company pursuant to the
provisions of the Plan.  The Exercise Notice will be completed by
Participant and delivered to the Company.  The Exercise Notice will be
accompanied by payment of the aggregate Exercise Price as to all Exercised
Shares together with any applicable tax withholding.  This Option will
be deemed to be exercised upon receipt by the Company of such fully executed
Exercise Notice accompanied by such aggregate Exercise Price.

         

        
          
             

          

          
            -2-

            
              

            

          

          
             

          

        

         

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

        

        (a)           cash;

        

        (b)           check;

        

        (c)           consideration received by the Company
under a formal cashless exercise program adopted by the Company in connection
with the Plan; or

        

        (d)           surrender of other Shares which have a
Fair Market Value on the date of surrender equal to the aggregate Exercise Price
of the Exercised Shares, provided that accepting such Shares, in the sole
discretion of the Administrator, will not result in any adverse accounting
consequences to the Company.

        

        6.           Tax
Obligations.

        

        (a)           Withholding
Taxes.  Notwithstanding any contrary provision of this Award
Agreement, no certificate representing the Shares will be issued to Participant,
unless and until satisfactory arrangements (as determined by the Administrator)
will have been made by Participant with respect to the payment of income,
employment and other taxes which the Company determines must be withheld with
respect to such Shares.  To the extent determined appropriate by the
Company in its discretion, it will have the right (but not the obligation) to
satisfy any tax withholding obligations by reducing the number of Shares
otherwise deliverable to Participant.  If Participant fails to make
satisfactory arrangements for the payment of any required tax withholding
obligations hereunder at the time of the Option exercise, Participant
acknowledges and agrees that the Company may refuse to honor the exercise and
refuse to deliver Shares if such withholding amounts are not delivered at the
time of exercise.

        

        (b)           Notice of Disqualifying
Disposition of ISO Shares.  If the Option granted to
Participant herein is an ISO, and if Participant sells or otherwise disposes of
any of the Shares acquired pursuant to the ISO on or before the later of (i) the
date two (2) years after the Date of Grant, or (ii) the date one (1) year after
the date of exercise, Participant will immediately notify the Company in writing
of such disposition.  Participant agrees that Participant may be
subject to income tax withholding by the Company on the compensation income
recognized by Participant.

        

        (c)           Code Section
409A.  Under Code Section 409A, an option that vests after
December 31, 2004 (or that vested on or prior to such date but which was
materially modified after October 3, 2004) that was granted with a per Share
exercise price that is determined by the Internal Revenue Service (the “IRS”) to
be less than the Fair Market Value of a Share on the date of grant (a “Discount
Option”) may be considered “deferred compensation.”  A Discount Option
may result in (i) income recognition by Participant prior to the exercise of the
option, (ii) an additional twenty percent (20%) federal income tax, and (iii)
potential penalty and interest charges.  The Discount Option may also
result in additional state income, penalty and interest charges to the
Participant.  Participant acknowledges that the Company cannot and has
not guaranteed that the IRS will agree that the per Share exercise price of this
Option equals or exceeds the Fair Market Value of a Share on the Date of Grant
in a later examination.  Participant agrees that if the IRS determines
that the Option was granted with a per Share exercise price that was less than
the Fair Market Value of a Share on the date of grant, Participant will be
solely responsible for Participant’s costs related to such a
determination.

         

        
          
             

          

          
            -3-

            
              

            

          

          
             

          

        

         

        7.           Rights as
Stockholder.  Neither Participant nor any person claiming under
or through Participant will have any of the rights or privileges of a
stockholder of the Company in respect of any Shares deliverable hereunder unless
and until certificates representing such Shares will have been issued, recorded
on the records of the Company or its transfer agents or registrars, and
delivered to Participant.  After such issuance, recordation and
delivery, Participant will have all the rights of a stockholder of the Company
with respect to voting such Shares and receipt of dividends and distributions on
such Shares.

        

        8.           No Guarantee of Continued
Service.  PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING
OF SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING
AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY
EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH THE ACT OF BEING HIRED,
BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER.  PARTICIPANT
FURTHER ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS
CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT
CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE
PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT
INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY (OR
THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE
PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT
CAUSE.

        

        9.           Address for
Notices.  Any notice to be given to the Company under the terms
of this Award Agreement will be addressed to the Company at Cornerstone
OnDemand, Inc. 1601 Cloverfield Blvd., Suite 620, Santa Monica, CA 90404, or at
such other address as the Company may hereafter designate in
writing.

        

        10.           Non-Transferability of
Option.  This Option may not be transferred in any manner
otherwise than by will or by the laws of descent or distribution and may be
exercised during the lifetime of Participant only by Participant.

        

        11.           Binding
Agreement.  Subject to the limitation on the transferability of
this grant contained herein, this Award Agreement will be binding upon and inure
to the benefit of the heirs, legatees, legal representatives, successors and
assigns of the parties hereto.

        

        12.           Additional Conditions to
Issuance of Stock.  If at any time the Company will determine,
in its discretion, that the listing, registration or qualification of the Shares
upon any securities exchange or under any state or federal law, or the consent
or approval of any governmental regulatory authority is necessary or desirable
as a condition to the issuance of Shares to Participant (or his or her estate),
such issuance will not occur unless and until such listing, registration,
qualification, consent or approval will have been effected or obtained free of
any conditions not acceptable to the Company.  The Company will make
all reasonable efforts to meet the requirements of any such state or federal law
or securities exchange and to obtain any such consent or approval of any such
governmental authority.  Assuming such compliance, for income tax
purposes the Exercised Shares will be considered transferred to Participant on
the date the Option is exercised with respect to such Exercised
Shares.

         

        
          
             

          

          
            -4-

            
              

            

          

          
             

          

        

         

        13.           Plan
Governs.  This Award Agreement is subject to all terms and
provisions of the Plan.  In the event of a conflict between one or
more provisions of this Award Agreement and one or more provisions of the Plan,
the provisions of the Plan will govern.  Capitalized terms used and
not defined in this Award Agreement will have the meaning set forth in the
Plan.

        

        14.           Administrator
Authority.  The Administrator will have the power to interpret
the Plan and this Award Agreement and to adopt such rules for the
administration, interpretation and application of the Plan as are consistent
therewith and to interpret or revoke any such rules (including, but not limited
to, the determination of whether or not any Shares subject to the Option have
vested).  All actions taken and all interpretations and determinations
made by the Administrator in good faith will be final and binding upon
Participant, the Company and all other interested persons.  No member
of the Administrator will be personally liable for any action, determination or
interpretation made in good faith with respect to the Plan or this Award
Agreement.

        

        15.           Electronic
Delivery.  The Company may, in its sole discretion, decide to
deliver any documents related to Options awarded under the Plan or
future options that may be
awarded under the Plan by electronic means or request Participant’s consent to
participate in the Plan by electronic means.  Participant hereby
consents to receive such documents by electronic delivery and agrees to
participate in the Plan through any on-line or electronic system established and
maintained by the Company or another third party designated by the
Company.

        

        16.           Captions.  Captions
provided herein are for convenience only and are not to serve as a basis for
interpretation or construction of this Award Agreement.

        

        17.           Agreement
Severable.  In the event that any provision in this Award
Agreement will be held invalid or unenforceable, such provision will be
severable from, and such invalidity or unenforceability will not be construed to
have any effect on, the remaining provisions of this Award
Agreement.

        

        18.           Modifications to the
Agreement.  This Award Agreement constitutes the entire
understanding of the parties on the subjects covered.  Participant
expressly warrants that he or she is not accepting this Award Agreement in
reliance on any promises, representations, or inducements other than those
contained herein.  Modifications to this Award Agreement or the Plan
can be made only in an express written contract executed by a duly authorized
officer of the Company.  Notwithstanding anything to the contrary in
the Plan or this Award Agreement, the Company reserves the right to revise this
Award Agreement as it deems necessary or advisable, in its sole discretion and
without the consent of Participant, to comply with Code Section 409A or to
otherwise avoid imposition of any additional tax or income recognition under
Section 409A of the Code in connection to this Option.

        

        19.           Amendment, Suspension or
Termination of the Plan.  By accepting this Award, Participant
expressly warrants that he or she has received an Option under the Plan, and has
received, read and understood a description of the Plan.  Participant
understands that the Plan is discretionary in nature and may be amended,
suspended or terminated by the Company at any time.

         

        
          
             

          

          
            -5-

            
              

            

          

          
             

          

        

        
 

        20.           Governing
Law.  This Award Agreement is governed by the internal
substantive laws, but not the choice of law rules, of California.

        

        21.           Entire Agreement. The
Plan is incorporated herein by reference. The Plan and this Award Agreement
(including the exhibits referenced herein) constitute the entire agreement of
the parties with respect to the subject matter hereof and supersede in their
entirety all prior undertakings and agreements of the Company and Participant
with respect to the subject matter hereof, and may not be modified adversely to
the Participant’s interest except by means of a writing signed by the Company
and Participant.

         

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    	 
      	 
      	 
      
	
                                                            PARTICIPANT

                                                          	 
      	
                                                            CORNERSTONE
      ONDEMAND, INC.

                                                          
	 	 	 
	 	 	 
	
                                                            Signature

                                                          	 
      	
                                                            By

                                                          
	 	 	 
	 	 	 
	
                                                            Print
      Name

                                                          	 
      	
                                                            Print
      Name

                                                          
	 	 	 
	 	 	 
	
                                                            Date

                                                          	 
      	
                                                            Title

                                                          
	 
      	 
      	 
      
	 	 	 
	 
      	 
      	
                                                            Date

                                                          
	 	 	 
	
                                                            Address:

                                                          	 
      	 
      
	 
      	 
      	 
      
	 	 	 
	 	 	 
	 
      	 
      	 
      

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

         

        
          
             

          

          
            -6-

            
              

            

          

          
             

          

        

         

        EXHIBIT
A

        

        CORNERSTONE
ONDEMAND, INC.

        

        2010
EQUITY INCENTIVE PLAN

        

        EXERCISE
NOTICE

        

        

        Cornerstone
OnDemand, Inc.

        1601
Cloverfield Blvd., Suite 620

        Santa
Monica, CA 90404

        Attention:  [_______]

        

        

        1.           Exercise of
Option.  Effective as of today, ________________, _____, the
undersigned (“Purchaser”) hereby elects to purchase ______________ shares (the
“Shares”) of the Common Stock of Cornerstone OnDemand, Inc. (the “Company”)
under and pursuant to the 2010 Equity Incentive Plan (the “Plan”) and the Stock
Option Award Agreement dated ________ (the “Award Agreement”).  The
purchase price for the Shares will be $_____________, as required by the Award
Agreement.

        

        2.           Delivery of
Payment.  Purchaser herewith delivers to the Company the full
purchase price of the Shares and any required tax withholding to be paid in
connection with the exercise of the Option.

        

        3.           Representations of
Purchaser.  Purchaser acknowledges that Purchaser has received,
read and understood the Plan and the Award Agreement and agrees to abide by and
be bound by their terms and conditions.

        

        4.           Rights as
Stockholder.  Until the issuance (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer
agent of the Company) of the Shares, no right to vote or receive dividends or
any other rights as a stockholder will exist with respect to the Shares subject
to the Option, notwithstanding the exercise of the Option.  The Shares
so acquired will be issued to Purchaser as soon as practicable after exercise of
the Option.  No adjustment will be made for a dividend or other right
for which the record date is prior to the date of issuance, except as provided
in Section 13 of the Plan.

        

        5.           Tax
Consultation.  Purchaser understands that Purchaser may suffer
adverse tax consequences as a result of Purchaser’s purchase or disposition of
the Shares.  Purchaser represents that Purchaser has consulted with
any tax consultants Purchaser deems advisable in connection with the purchase or
disposition of the Shares and that Purchaser is not relying on the Company for
any tax advice.

        

        6.           Entire Agreement; Governing
Law.  The Plan and Award Agreement are incorporated herein by
reference.  This Exercise Notice, the Plan and the Award Agreement
constitute the entire agreement of the parties with respect to the subject
matter hereof and supersede in their entirety all prior undertakings and
agreements of the Company and Purchaser with respect to the subject matter
hereof, and may not be modified adversely to the Purchaser’s interest except by
means of a writing signed by the Company and Purchaser.  This
agreement is governed by the internal substantive laws, but not the choice of
law rules, of the State of California.

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

                                                                                 

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        	Submitted
      by:  	 	Accepted
      by:
	 
      	 
      	 
      
	
                                                                                PARTICIPANT

                                                                              	 
      	
                                                                                CORNERSTONE
      ONDEMAND, INC.

                                                                              
	 	 	 
	 	 	 
	
                                                                                Signature

                                                                              	 
      	
                                                                                By

                                                                              
	 	 	 
	 	 	 
	
                                                                                Print
      Name

                                                                              	 
      	
                                                                                Print
      Name

                                                                              
	 	 	 
	 	 	 
	
                                                                                Date

                                                                              	 
      	
                                                                                Title

                                                                              
	 
      	 
      	 
      
	 	 	 
	 
      	 
      	
                                                                                Date

                                                                              
	 	 	 
	
                                                                                Address:

                                                                              	 
      	 
      
	 
      	 
      	 
      
	 	 	 
	 	 	 
	 
      	 
      	 
      
	 	 	 
	 	 	 
	 	 	 
	 	 	Date
      Received
	 	 	 
	 	 	 

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

         

        
          
             

          

          
            -2-

            
              

            

          

          
             

          

        

         

        
          CORNERSTONE
ONDEMAND, INC.

          

          2010
EQUITY INCENTIVE PLAN

          

          RESTRICTED
STOCK AWARD AGREEMENT

          

          Unless
otherwise defined herein, the terms defined in the Cornerstone OnDemand, Inc.
2010 Equity Incentive Plan (the “Plan”) will have the same defined meanings in
this Restricted Stock Award Agreement (the “Award Agreement”).

          

          I.           NOTICE OF GRANT OF
RESTRICTED STOCK

          

          Name:

          Address:

          

          The
undersigned Participant has been granted the right to receive an Award of
Restricted Stock, subject to the terms and conditions of the Plan and this Award
Agreement, as follows:

          

          Grant
Number:

          

          Date of
Grant:

          

          Vesting
Commencement Date:

          

          Number of
Shares of Restricted Stock:

          

          

          Vesting
Schedule:

          

          Subject
to any acceleration provisions contained in the Plan or set forth below, the
Restricted Stock will vest and the Company’s right to reacquire the Restricted
Stock will lapse in accordance with the following schedule:

          

          [INSERT
VESTING SCHEDULE]

          

          In the event Participant ceases to be a
Service Provider for any or no reason before Participant vests in the Shares of
Restricted Stock, the Restricted Stock will be forfeited and automatically
transferred to and reacquired by the Company at no cost to the Company upon the
date of such termination and Participant will have no further rights
thereunder.

          

          II.           AGREEMENT

          

          1.           Grant of Restricted
Stock.  The Company hereby grants to the individual named in
the Notice of Grant of Restricted Stock in Part I of this Award Agreement (the
“Participant”) under the Plan for past services and as a separate incentive in
connection with his or her services and not in lieu of any salary or other
compensation for his or her services, an Award of Shares of Restricted Stock,
subject to all of the terms and conditions in this Award Agreement and the Plan,
which is incorporated herein by reference.  Subject to Section 18(c)
of the Plan, in the event of a conflict between the terms and conditions of the
Plan and the terms and conditions of this Award Agreement, the terms and
conditions of the Plan will prevail.

           

          
            
               

            

            
               

              
                

              

            

            
               

            

          

           

          2.           Escrow of
Shares.

          

          (a)           All
Shares of Restricted Stock will, upon execution of this Award Agreement, be
delivered and deposited with an escrow holder designated by the Company (the
“Escrow Holder”).  The Shares of Restricted Stock will be held by the
Escrow Holder until such time as the Shares of Restricted Stock vest or the date
Participant ceases to be a Service Provider.

          

          (b)           The
Escrow Holder will not be liable for any act it may do or omit to do with
respect to holding the Shares of Restricted Stock in escrow while acting in good
faith and in the exercise of its judgment.

          

          (c)           Upon
Participant’s termination as a Service Provider for any reason, the Escrow
Holder, upon receipt of written notice of such termination, will take all steps
necessary to accomplish the transfer of the unvested Shares of Restricted Stock
to the Company.  Participant hereby appoints the Escrow Holder with
full power of substitution, as Participant's true and lawful attorney-in-fact
with irrevocable power and authority in the name and on behalf of Participant to
take any action and execute all documents and instruments, including, without
limitation, stock powers which may be necessary to transfer the certificate or
certificates evidencing such unvested Shares of Restricted Stock to the Company
upon such termination.

          

          (d)           The
Escrow Holder will take all steps necessary to accomplish the transfer of Shares
of Restricted Stock to Participant after they vest following Participant’s
request that the Escrow Holder do so.

          

          (e)           Subject
to the terms hereof, Participant will have all the rights of a stockholder with
respect to the Shares while they are held in escrow, including without
limitation, the right to vote the Shares and to receive any cash dividends
declared thereon.

          

          (f)           In
the event of any dividend or other
distribution (whether in the form of cash, Shares, other securities, or other
property), recapitalization, stock split, reverse stock split, reorganization,
merger, consolidation, split-up, spin-off, combination, repurchase, or exchange
of Shares or other securities of the Company, or other change in the corporate
structure of the Company affecting the Shares, the Shares of Restricted
Stock will be increased, reduced or otherwise changed, and by virtue of any such
change Participant will in his or her capacity as owner of unvested Shares of
Restricted Stock be entitled to new or additional or different shares of stock,
cash or securities (other than rights or warrants to purchase securities); such
new or additional or different shares, cash or securities will thereupon be
considered to be unvested Shares of Restricted Stock and will be subject to all
of the conditions and restrictions which were applicable to the unvested Shares
of Restricted Stock pursuant to this Award Agreement.  If Participant
receives rights or warrants with respect to any unvested Shares of Restricted
Stock, such rights or warrants may be held or exercised by Participant, provided
that until such exercise any such rights or warrants and after such exercise any
shares or other securities acquired by the exercise of such rights or warrants
will be considered to be unvested Shares of Restricted Stock and will be subject
to all of the conditions and restrictions which were applicable to the unvested
Shares of Restricted Stock pursuant to this Award Agreement.  The
Administrator in its absolute discretion at any time may accelerate the vesting
of all or any portion of such new or additional shares of stock, cash or
securities, rights or warrants to purchase securities or shares or other
securities acquired by the exercise of such rights or warrants.

           

          
            
               

            

            
              -2-

              
                

              

            

            
               

            

          

           

          (g)           The
Company may instruct the transfer agent for its Common Stock to place a legend
on the certificates representing the Restricted Stock or otherwise note its
records as to the restrictions on transfer set forth in this Award
Agreement.

          

          3.           Vesting
Schedule.  Except as provided in Section 4, and subject to
Section 5, the Shares of Restricted Stock awarded by this Award Agreement will
vest in accordance with the vesting provisions set forth in the Notice of Grant
of Restricted Stock.  Shares of Restricted Stock scheduled to vest on
a certain date or upon the occurrence of a certain condition will not vest in
Participant in accordance with any of the provisions of this Award Agreement,
unless Participant will have been continuously a Service Provider from the Date
of Grant until the date such vesting occurs.

          

          4.           Administrator
Discretion.  The Administrator, in its discretion, may
accelerate the vesting of the balance, or some lesser portion of the balance, of
the unvested Restricted Stock at any time, subject to the terms of the
Plan.  If so accelerated, such Restricted Stock will be considered as
having vested as of the date specified by the Administrator.

          

          5.           Forfeiture upon Termination
of Status as a Service Provider.  Notwithstanding any contrary
provision of this Award Agreement, the balance of the Shares of Restricted Stock
that have not vested at the time of Participant’s termination as a Service
Provider for any reason will be forfeited and automatically transferred to and
reacquired by the Company at no cost to the Company upon the date of such
termination and Participant will have no further rights
thereunder.  Participant will not be entitled to a refund of the price
paid for the Shares of Restricted Stock, if any, returned to the Company
pursuant to this Section 5.  Participant hereby appoints the Escrow
Agent with full power of substitution, as Participant’s true and lawful
attorney-in-fact with irrevocable power and authority in the name and on behalf
of Participant to take any action and execute all documents and instruments,
including, without limitation, stock powers which may be necessary to transfer
the certificate or certificates evidencing such unvested Shares to the Company
upon such termination of service.

          

          6.           Death of
Participant.  Any
distribution or delivery to be made to Participant under this Award Agreement will, if Participant is then
deceased, be made to Participant’s designated beneficiary, or if no beneficiary
survives Participant, the administrator or executor of Participant’s
estate.  Any such transferee must furnish the Company with
(a) written notice of his or her status as transferee, and
(b) evidence satisfactory to the Company to establish the validity of the
transfer and compliance with any laws or regulations pertaining to said
transfer.

          

          7.           Withholding
of Taxes.  Notwithstanding any
contrary provision of this Award Agreement, no certificate representing
the Shares of Restricted Stock may be released from the escrow established
pursuant to Section 2,
unless and until satisfactory arrangements (as determined by the Administrator)
will have been made by Participant with respect to the payment of income,
employment and other taxes which the Company determines must be withheld with
respect to such Shares.  The Administrator, in its sole
discretion and pursuant to such procedures as it may specify from time to time,
may permit Participant to satisfy such tax withholding obligation, in whole or
in part (without limitation) by (a) paying cash, (b) electing to have
the Company withhold otherwise deliverable Shares having a Fair Market Value
equal to the minimum amount required to be withheld, (c) delivering to the
Company already vested and owned Shares having a Fair Market Value equal to the
amount required to be withheld, or (d) selling a sufficient number of such
Shares otherwise deliverable to Participant through such means as the Company
may determine in its sole discretion (whether through a broker or otherwise)
equal to the amount required to be withheld.  To the extent determined
appropriate by the Company in its discretion, it will have the right (but not
the obligation) to satisfy any tax withholding obligations by reducing the
number of Shares otherwise deliverable to Participant. If Participant fails to make
satisfactory arrangements for the payment of any required tax withholding
obligations hereunder at the time any applicable Shares otherwise are scheduled
to vest pursuant to Sections 3 or 4, Participant will permanently forfeit such
Shares and the Shares will be returned to the Company at no cost to the
Company.

           

          
            
               

            

            
              -3-

              
                

              

            

            
               

            

          

           

          8.           Rights as
Stockholder.  Neither Participant nor any person claiming under
or through Participant will have any of the rights or privileges of a
stockholder of the Company in respect of any Shares deliverable hereunder unless
and until certificates representing such Shares will have been issued, recorded
on the records of the Company or its transfer agents or registrars, and
delivered to Participant or the Escrow Agent.  Except as provided in
Section 2, after such issuance, recordation and delivery, Participant will
have all the rights of a stockholder of the Company with respect to voting such
Shares and receipt of dividends and distributions on such Shares.

          

          9.           No Guarantee of Continued
Service.  PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING
OF THE SHARES OF RESTRICTED STOCK PURSUANT TO THE VESTING SCHEDULE HEREOF IS
EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR
THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH THE
ACT OF BEING HIRED, BEING GRANTED THIS RESTRICTED STOCK OR ACQUIRING SHARES
HEREUNDER.  PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS
AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING
SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF
CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY
PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR
THE RIGHT OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING
PARTICIPANT) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT
ANY TIME, WITH OR WITHOUT CAUSE.

          

          10.           Address for
Notices.  Any notice to be given to the Company under the terms
of this Award Agreement will be addressed to the Company at Cornerstone
OnDemand, Inc. 1601 Cloverfield Blvd., Suite 620, Santa Monica, CA 90404, or at
such other address as the Company may hereafter designate in
writing.

           

          
            
               

            

            
              -4-

              
                

              

            

            
               

            

          

           

          11.           Grant is Not
Transferable.  Except to the limited extent provided in Section
6, the unvested Shares subject to this grant and the rights and privileges
conferred hereby will not be transferred, assigned, pledged or hypothecated in
any way (whether by operation of law or otherwise) and will not be subject to
sale under execution, attachment or similar process.  Upon any attempt
to transfer, assign, pledge, hypothecate or otherwise dispose of any unvested
Shares of Restricted Stock subject to this grant, or any right or privilege
conferred hereby, or upon any attempted sale under any execution, attachment or
similar process, this grant and the rights and privileges conferred hereby
immediately will become null and void.

          

          12.           Binding
Agreement.  Subject to the limitation on the transferability of
this grant contained herein, this Award Agreement will be binding upon and inure
to the benefit of the heirs, legatees, legal representatives, successors and
assigns of the parties hereto.

          

          13.           Additional Conditions to
Release from Escrow.  The Company will not be required to issue
any certificate or certificates for Shares hereunder or release such Shares from
the escrow established pursuant to Section 2 prior to fulfillment of all the
following conditions: (a) the admission of such Shares to listing on all
stock exchanges on which such class of stock is then listed; (b) the
completion of any registration or other qualification of such Shares under any
state or federal law or under the rulings or regulations of the Securities and
Exchange Commission or any other governmental regulatory body, which the
Administrator will, in its absolute discretion, deem necessary or advisable;
(c) the obtaining of any approval or other clearance from any state or
federal governmental agency, which the Administrator will, in its absolute
discretion, determine to be necessary or advisable; and (d) the lapse of
such reasonable period of time following the date of grant of the Restricted
Stock as the Administrator may establish from time to time for reasons of
administrative convenience.

          

          14.           Plan
Governs.  This Award Agreement is subject to all terms and
provisions of the Plan.  In the event of a conflict between one or
more provisions of this Award Agreement and one or more provisions of the Plan,
the provisions of the Plan will govern.  Capitalized terms used and
not defined in this Award Agreement will have the meaning set forth in the
Plan.

          

          15.           Administrator
Authority.  The Administrator will have the power to interpret
the Plan and this Award Agreement and to adopt such rules for the
administration, interpretation and application of the Plan as are consistent
therewith and to interpret or revoke any such rules (including, but not limited
to, the determination of whether or not any Shares of Restricted Stock have
vested).  All actions taken and all interpretations and determinations
made by the Administrator in good faith will be final and binding upon
Participant, the Company and all other interested persons.  No member
of the Administrator will be personally liable for any action, determination or
interpretation made in good faith with respect to the Plan or this Award
Agreement.

          

          16.           Electronic
Delivery.  The Company may, in its sole discretion, decide to
deliver any documents related to the Shares of Restricted Stock awarded under
the Plan or future Restricted
Stock that may be awarded under the Plan by electronic means or request
Participant’s consent to participate in the Plan by electronic
means.  Participant hereby consents to receive such documents by
electronic delivery and agrees to participate in the Plan through any on-line or
electronic system established and maintained by the Company or another third
party designated by the Company.

           

          
            
               

            

            
              -5-

              
                

              

            

            
               

            

          

           

          17.           Captions.  Captions
provided herein are for convenience only and are not to serve as a basis for
interpretation or construction of this Award Agreement.

          

          18.           Agreement
Severable.  In the event that any provision in this Award
Agreement will be held invalid or unenforceable, such provision will be
severable from, and such invalidity or unenforceability will not be construed to
have any effect on, the remaining provisions of this Award
Agreement.

          

          19.           Modifications to the Award
Agreement.  This Award Agreement constitutes the entire
understanding of the parties on the subjects covered.  Participant
expressly warrants that he or she is not accepting this Award Agreement in
reliance on any promises, representations, or inducements other than those
contained herein.  Modifications to this Award Agreement or the Plan
can be made only in an express written contract executed by a duly authorized
officer of the Company.  Notwithstanding anything to the contrary in
the Plan or this Award Agreement, the Company reserves the right to revise this
Award Agreement as it deems necessary or advisable, in its sole discretion and
without the consent of Participant, to comply with Section 409A of the Internal
Revenue Code of 1986, as amended (the “Code”) or to otherwise avoid imposition
of any additional tax or income recognition under Section 409A of the Code in
connection to this Award of Restricted Stock.

          

          20.           Amendment, Suspension or
Termination of the Plan.  By accepting this Award, Participant
expressly warrants that he or she has received an Award of Restricted Stock
under the Plan, and has received, read and understood a description of the
Plan.  Participant understands that the Plan is discretionary in
nature and may be amended, suspended or terminated by the Company at any
time.

          

          21.           Governing
Law.  This Award Agreement is governed by the internal
substantive laws, but not the choice of law rules, of California.

          

          22.           Entire Agreement. The
Plan is incorporated herein by reference. The Plan and this Award Agreement
(including the exhibits referenced herein) constitute the entire agreement of
the parties with respect to the subject matter hereof and supersede in their
entirety all prior undertakings and agreements of the Company and Participant
with respect to the subject matter hereof, and may not be modified adversely to
the Participant’s interest except by means of a writing signed by the Company
and Participant.

          

          

          [Signature
Page to Follow]

          

          
            
               

            

            
              -6-

              
                

              

            

            
               

            

          

                                                                  

            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          	
                                                                                                  PARTICIPANT

                                                                                                	 
      	
                                                                                                  CORNERSTONE
      ONDEMAND, INC.

                                                                                                
	 	 	 
	 	 	 
	
                                                                                                  Signature

                                                                                                	 
      	
                                                                                                  By

                                                                                                
	 	 	 
	 	 	 
	
                                                                                                  Print
      Name

                                                                                                	 
      	
                                                                                                  Print
      Name

                                                                                                
	 	 	 
	 	 	 
	
                                                                                                  Date

                                                                                                	 
      	
                                                                                                  Title

                                                                                                
	 
      	 
      	 
      
	 	 	 
	 
      	 
      	
                                                                                                  Date

                                                                                                
	 	 	 
	
                                                                                                  Address:

                                                                                                	 
      	 
      
	 
      	 
      	 
      
	 	 	 
	 	 	 
	 
      	 
      	 
      
	 	 	 

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

             

            
              
                 

              

              
                -7-

                
                  

                

              

              
                 

              

            

          

        

      

    

    
      

      CORNERSTONE
ONDEMAND, INC.

      

      2010
EQUITY INCENTIVE PLAN

      

      RESTRICTED
STOCK UNIT AWARD AGREEMENT

      

      Unless
otherwise defined herein, the terms defined in the Cornerstone OnDemand, Inc.
2010 Equity Incentive Plan (the “Plan”) will have the same defined meanings in
this Restricted Stock Unit Award Agreement (the “Award Agreement”).

      

      I.           NOTICE OF GRANT OF
RESTRICTED STOCK UNITS

      

      Name:

      Address:

      

      The
undersigned Participant has been granted the right to receive an Award of
Restricted Stock Units, subject to the terms and conditions of the Plan and this
Award Agreement, as follows:

      

      Grant Number:

      

      Date of Grant:

      

      Vesting Commencement Date:

      

      Number of Restricted Stock
Units:

      

      Vesting
Schedule:

      

      Subject
to any acceleration provisions contained in the Plan or set forth below, the
Restricted Stock Units will vest in accordance with the following
schedule:

      [INSERT
VESTING SCHEDULE.]

      In the
event Participant ceases to be a Service Provider for any or no reason before
Participant vests in the Restricted Stock Units, the Restricted Stock Units and
Participant’s right to acquire any Shares hereunder will immediately
terminate.

      

      II.           AGREEMENT

      

      1.           Grant of Restricted Stock
Units.  The Company hereby grants to the individual named in
the Notice of Grant of Restricted Stock Units in Part I of this Award Agreement
(the “Participant”) under the Plan an Award of Restricted Stock Units, subject
to all of the terms and conditions in this Award Agreement and the Plan,
which is incorporated herein by reference.  Subject to Section 18(c)
of the Plan, in the event of a conflict between the terms and conditions of the
Plan and the terms and conditions of this Award Agreement, the terms and
conditions of the Plan will prevail.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      2.           Company’s Obligation to
Pay.  Each Restricted Stock Unit represents the right to
receive a Share on the date it vests.  Unless and until the Restricted
Stock Units will have vested in the manner set forth in Section 3,
Participant will have no right to payment of any such Restricted Stock
Units.  Prior to actual payment of any vested Restricted Stock Units,
such Restricted Stock Unit will represent an unsecured obligation of the
Company, payable (if at all) only from the general assets of the
Company.  Any Restricted Stock Units that vest in accordance with
Sections 3 or 4 will be paid to Participant (or in the event of Participant’s
death, to his or her estate) in whole Shares, subject to Participant satisfying
any applicable tax withholding obligations as set forth in Section
7.  Subject to the provisions of Section 4, such vested Restricted
Stock Units will be paid in Shares as soon as practicable after vesting, but in
each such case within the period ending no later than the date that is two and
one-half (21⁄2) months from the end of the Company’s tax year that includes the
vesting date.

      

      3.           Vesting
Schedule.  Except as provided in Section 4, and subject to
Section 5, the Restricted Stock Units awarded by this Award Agreement will vest
in accordance with the vesting provisions set forth in the Notice of Grant of
Restricted Stock Units (the “Notice of Grant”).  Restricted Stock
Units scheduled to
vest on a certain date or upon the occurrence of a certain condition will not
vest in Participant in accordance with any of the provisions of this Award Agreement, unless
Participant will have been continuously a Service Provider from the Date of
Grant until the date such vesting occurs.

      

      4.           Administrator
Discretion.  The Administrator, in its discretion, may
accelerate the vesting of the balance, or some lesser portion of the balance, of
the unvested Restricted Stock Units at any time, subject to the terms of the
Plan.  If so accelerated, such Restricted Stock Units will be
considered as having vested as of the date specified by the
Administrator.

       

        Notwithstanding anything in
the Plan or this Award Agreement to the contrary, if the vesting of the
balance, or some lesser portion of the balance, of the Restricted Stock Units is
accelerated in connection with Participant’s termination as a Service Provider (provided
that such termination is a “separation from service” within the meaning of
Section 409A, as determined by the Company), other than
due to death, and if (x) Participant is a “specified
employee” within the meaning of Section 409A at the time of such termination as
a Service Provider and (y) the payment of such accelerated Restricted Stock
Units will result in the imposition of additional tax under Section 409A if paid
to Participant on or within the six (6) month period following Participant’s
termination as a Service Provider, then the payment of such accelerated
Restricted Stock Units will not be made until the date six (6) months and one
(1) day following the date of Participant’s termination as a Service
Provider, unless the
Participant dies following his or her termination as a Service Provider, in
which case, the Restricted Stock Units will be paid in Shares to the
Participant’s estate as soon as practicable following his or her
death. It is the
intent of this Award
Agreement to comply with the requirements of Section 409A so that none of the Restricted Stock
Units provided under this Award Agreement or Shares issuable thereunder will be
subject to the additional tax imposed under Section 409A, and any
ambiguities herein will be interpreted to so comply.  For purposes of
this Award Agreement,
“Section 409A” means Section 409A of the Code, and any proposed, temporary or final
Treasury Regulations and Internal Revenue Service guidance thereunder, as
each may be amended from time to time.

       

      
        
           

        

        
          -2-

          
            

          

        

        
           

        

      

       

      5.           Forfeiture upon Termination
of Status as a Service Provider.  Notwithstanding any contrary
provision of this Award Agreement, the balance of the Restricted Stock Units
that have not vested as of the time of Participant’s termination as a Service
Provider for any or no reason and Participant’s right to acquire any Shares
hereunder will immediately terminate.

      

      6.           Death of
Participant.  Any distribution or delivery to be made to
Participant under this
Award Agreement will, if
Participant is then deceased, be made to Participant’s designated beneficiary,
or if no beneficiary
survives Participant, the administrator or executor of Participant’s
estate.  Any such transferee must furnish the Company with
(a) written notice of his or her status as transferee, and
(b) evidence satisfactory to the Company to establish the validity of the
transfer and compliance with any laws or regulations pertaining to said
transfer.

      

      7.           Withholding
of Taxes.  Notwithstanding any
contrary provision of this Award Agreement, no certificate representing
the Shares will be issued to Participant, unless and until satisfactory
arrangements (as determined by the Administrator) will have been made by
Participant with respect to the payment of income, employment and other taxes
which the Company determines must be withheld with respect to such
Shares.  The Administrator, in its sole discretion and pursuant to
such procedures as it may specify from time to time, may permit Participant to
satisfy such tax withholding obligation, in whole or in part (without
limitation) by (a) paying cash, (b) electing to have the Company
withhold otherwise deliverable Shares having a Fair Market Value equal to the
minimum amount required to be withheld, (c) delivering to the Company
already vested and owned Shares having a Fair Market Value equal to the amount
required to be withheld, or (d) selling a sufficient number of such Shares
otherwise deliverable to Participant through such means as the Company may
determine in its sole discretion (whether through a broker or otherwise) equal
to the amount required to be withheld. To the extent determined appropriate by
the Company in its discretion, it will have the right (but not the obligation)
to satisfy any tax withholding obligations by reducing the number of Shares
otherwise deliverable to Participant.  If Participant fails to make
satisfactory arrangements for the payment of any required tax withholding
obligations hereunder at the time any applicable Restricted Stock Units
otherwise are scheduled to vest pursuant to Sections 3 or 4, Participant will
permanently forfeit such Restricted Stock Units and any right to receive Shares
thereunder and the Restricted Stock Units will be returned to the Company at no
cost to the Company.

      

      8.           Rights as
Stockholder.  Neither Participant nor any person claiming under
or through Participant will have any of the rights or privileges of a
stockholder of the Company in respect of any Shares deliverable hereunder unless
and until certificates representing such Shares will have been issued, recorded
on the records of the Company or its transfer agents or registrars, and
delivered to Participant.  After such issuance, recordation and
delivery, Participant will have all the rights of a stockholder of the Company
with respect to voting such Shares and receipt of dividends and distributions on
such Shares.

      

      9.           No Guarantee of Continued
Service.  PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING
OF THE RESTRICTED STOCK UNITS PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED
ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE
PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH THE ACT
OF BEING HIRED, BEING GRANTED THIS AWARD OF RESTRICTED STOCK UNITS OR ACQUIRING
SHARES HEREUNDER.  PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT
THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING
SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF
CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY
PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR
THE RIGHT OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING
PARTICIPANT) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT
ANY TIME, WITH OR WITHOUT CAUSE.

       

      
        
           

        

        
          -3-

          
            

          

        

        
           

        

      

       

      10.           Address for
Notices.  Any notice to be given to the Company under the terms
of this Award Agreement will be addressed to the Company at Cornerstone
OnDemand, Inc. 1601 Cloverfield Blvd., Suite 620, Santa Monica, CA 90404, or at
such other address as the Company may hereafter designate in
writing.

      

      11.           Grant is Not
Transferable.  Except to the limited extent provided in
Section 6, this grant and the rights and privileges conferred hereby will
not be transferred, assigned, pledged or hypothecated in any way (whether by
operation of law or otherwise) and will not be subject to sale under execution,
attachment or similar process.  Upon any attempt to transfer, assign,
pledge, hypothecate or otherwise dispose of this grant, or any right or
privilege conferred hereby, or upon any attempted sale under any execution,
attachment or similar process, this grant and the rights and privileges
conferred hereby immediately will become null and void.

      

      12.           Binding
Agreement.  Subject to the limitation on the transferability of
this grant contained herein, this Award Agreement will be binding
upon and inure to the benefit of the heirs, legatees, legal representatives,
successors and assigns of the parties hereto.

      

      13.           Additional Conditions to
Issuance of Stock.  If at any time the Company will determine,
in its discretion, that the listing, registration or qualification of the Shares
upon any securities exchange or under any state or federal law, or the consent
or approval of any governmental regulatory authority is necessary or desirable
as a condition to the issuance of Shares to Participant (or his or her estate),
such issuance will not occur unless and until such listing, registration,
qualification, consent or approval will have been effected or obtained free of
any conditions not acceptable to the Company.  Where the Company determines that the
delivery of the payment of any Shares will violate federal securities laws or
other applicable laws, the Company will defer delivery until the earliest date
at which the Company reasonably anticipates that the delivery of Shares will no
longer cause such violation.  The Company will make all
reasonable efforts to meet the requirements of any such state or federal law or
securities exchange and to obtain any such consent or approval of any such
governmental authority.

      

      14.           Plan
Governs.  This Award Agreement is subject to all terms and
provisions of the Plan.  In the event of a conflict between one or
more provisions of this Award Agreement and one or more provisions of the Plan,
the provisions of the Plan will govern.  Capitalized terms used and
not defined in this Award Agreement will have the meaning set forth in the
Plan.

       

      
        
           

        

        
          -4-

          
            

          

        

        
           

        

      

       

      15.           Administrator
Authority.  The Administrator will have the power to interpret
the Plan and this Award Agreement and to adopt such rules for the
administration, interpretation and application of the Plan as are consistent
therewith and to interpret or revoke any such rules (including, but not limited
to, the determination of whether or not any Restricted Stock Units have
vested).  All actions taken and all interpretations and determinations
made by the Administrator in good faith will be final and binding upon
Participant, the Company and all other interested persons.  No member
of the Administrator will be personally liable for any action, determination or
interpretation made in good faith with respect to the Plan or this Award Agreement.

      

      16.           Electronic
Delivery.  The Company may, in its sole discretion, decide to
deliver any documents related to Restricted Stock Units awarded
under the Plan or future Restricted Stock Units that may
be awarded under the Plan by electronic means or request Participant’s consent
to participate in the Plan by electronic means.  Participant hereby
consents to receive such documents by electronic delivery and agrees to
participate in the Plan through any on-line or electronic system established and
maintained by the Company or another third party designated by the
Company.

      

      17.           Captions.  Captions
provided herein are for convenience only and are not to serve as a basis for
interpretation or construction of this Award Agreement.

      

      18.           Agreement
Severable.  In the event that any provision in this Award Agreement will be held
invalid or unenforceable, such provision will be severable from, and such
invalidity or unenforceability will not be construed to have any effect on, the
remaining provisions of this Award Agreement.

      

      19.           Modifications to the Award
Agreement.  This Award Agreement constitutes the
entire understanding of the parties on the subjects
covered.  Participant expressly warrants that he or she is not
accepting this Award Agreement in reliance on
any promises, representations, or inducements other than those contained
herein.  Modifications to this Award Agreement or the Plan can be made
only in an express written contract executed by a duly authorized officer of the
Company.  Notwithstanding anything to the contrary in the Plan or this
Award Agreement, the
Company reserves the right to revise this Award Agreement as it deems necessary
or advisable, in its sole discretion and without the consent of Participant, to
comply with Section 409A or to otherwise avoid imposition of any additional tax
or income recognition under Section 409A in connection to this Award of
Restricted Stock Units.

      

      20.           Amendment, Suspension or
Termination of the Plan.  By accepting this Award, Participant
expressly warrants that he or she has received an Award of Restricted Stock
Units under the Plan, and has received, read and understood a description of the
Plan.  Participant understands that the Plan is discretionary in
nature and may be amended, suspended or terminated by the Company at any
time.

      

      21.           Governing
Law.  This Award Agreement is governed by the internal
substantive laws, but not the choice of law rules, of California.

      

      22.           Entire Agreement. The
Plan is incorporated herein by reference. The Plan and this Award Agreement
(including the exhibits referenced herein) constitute the entire agreement of
the parties with respect to the subject matter hereof and supersede in their
entirety all prior undertakings and agreements of the Company and Participant
with respect to the subject matter hereof, and may not be modified adversely to
the Participant’s interest except by means of a writing signed by the Company
and Participant.

       

      
        
           

        

        
          -5-

          
            

          

        

        
           

        

      

       

                                          

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      	
                                                                                              PARTICIPANT

                                                                                            	 
      	
                                                                                              CORNERSTONE
      ONDEMAND, INC.

                                                                                            
	 	 	 
	 	 	 
	
                                                                                              Signature

                                                                                            	 
      	
                                                                                              By

                                                                                            
	 	 	 
	 	 	 
	
                                                                                              Print
      Name

                                                                                            	 
      	
                                                                                              Print
      Name

                                                                                            
	 	 	 
	 	 	 
	
                                                                                              Date

                                                                                            	 
      	
                                                                                              Title

                                                                                            
	 
      	 
      	 
      
	 	 	 
	 
      	 
      	
                                                                                              Date

                                                                                            
	 	 	 
	
                                                                                              Address:

                                                                                            	 
      	 
      
	 
      	 
      	 
      
	 	 	 
	 	 	 
	 
      	 
      	 
      
	 	 	 

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

         

         

        
          
             

          

          
            -6-

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