0001193125-09-041402 Sample Contracts

EXECUTIVE SEVERANCE AGREEMENT
Executive Severance Agreement • March 2nd, 2009 • Rackspace Hosting, Inc. • Services-computer programming, data processing, etc. • Texas

THIS AGREEMENT is entered into as of the 1st day of October 2007 by and between Rackspace US, Inc., a Texas corporation (the “Company”), and David Belle-Isle (“Employee”).

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EMPLOYMENT AGREEMENT
Employment Agreement • March 2nd, 2009 • Rackspace Hosting, Inc. • Services-computer programming, data processing, etc. • Texas

This Employment Agreement (“the Agreement”), effective as of the day of , 200 is between Rackspace US, Inc., a Delaware corporation (“the Company”) and (“the Employee”).

OPTION EXERCISE EXTENSION AGREEMENT
Option Exercise Extension Agreement • March 2nd, 2009 • Rackspace Hosting, Inc. • Services-computer programming, data processing, etc.

This Agreement is made and entered into effective as of December 10, 2008 by and between Rackspace Hosting, Inc. a Delaware corporation (the “Company”), and Glenn Reinus, an Optionee of the Company (the “Optionee”).

SEVERANCE AGREEMENT AND RELEASE
Severance Agreement and Release • March 2nd, 2009 • Rackspace Hosting, Inc. • Services-computer programming, data processing, etc.

This Severance Agreement and Release (“Agreement”) is entered into effective October 31, 2008, by and between David Belle-Isle (hereinafter “Employee” or “Belle-Isle”) and Rackspace US, Inc. acting on its own behalf as well as on behalf of all related entities, both parent and subsidiaries, specifically including Rackspace Hosting, Inc. (hereinafter collectively “Rackspace”). Hereinafter, Employee and Rackspace shall collectively be called the Parties.

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