Form of Director Change of Control Agreement — Full Single-TriggerDirector Change of Control Agreement • August 9th, 2010 • Callidus Software Inc • Services-computer programming services
This letter modifies any Stock Option Agreement (“Option Agreement”) and any Restricted Stock Unit Agreement or other agreement documenting any equity award (as applicable, any “Equity Award Agreement”) you may now or hereafter have with respect to the common stock of Callidus Software Inc. (the “Company”) and any prior agreement between you and the Company regarding the Equity Award Agreements including, without limitation, any prior change of control agreement(s). This letter provides for accelerated vesting of your Company stock options, restricted stock awards, restricted stock units and other equity-based awards, as applicable (collectively, the “Equity Awards”) under the conditions described below.
