Exhibit 10.5.2
SABA SOFTWARE,
INC.
2000 STOCK INCENTIVE
PLAN
NOTICE OF RESTRICTED STOCK
UNIT AWARD
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Grantee’s Name and Address:
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You (the “Grantee”) have
been granted an award of Restricted Stock Units (the
“Award”), subject to the terms and conditions of this
Notice of Restricted Stock Unit Award (the “Notice”),
the Saba Software, Inc. 2000 Stock Incentive Plan, as amended from
time to time (the “Plan”) and the Restricted Stock Unit
Agreement (the “Agreement”) attached hereto, as
follows. Unless otherwise provided herein, the terms in this Notice
shall have the same meaning as those defined in the
Plan.
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Award Number
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Date of Award
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Vesting Commencement Date
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Total Number of
Restricted Stock Units Awarded (the “Units”)
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Vesting Schedule
:
Subject to the Grantee’s
Continuous Service and other limitations set forth in this Notice,
the Agreement and the Plan, the Units will “vest” in
accordance with the following schedule (the “Vesting
Schedule”):
[Insert vesting
schedule.]
For purposes of this Notice and the
Agreement, the term “vest” shall mean, with respect to
any Units, that such Units are no longer subject to forfeiture to
the Company. If the Grantee would become vested in a fraction of a
Unit, such Unit shall not vest until the Grantee becomes vested in
the entire Unit.
Vesting shall cease upon the date
the Grantee terminates Continuous Service for any reason, including
death or Disability. In the event the Grantee terminates Continuous
Service for any reason, including death or Disability, any unvested
Units held by the Grantee immediately upon such termination of the
Grantee’s Continuous Service shall be forfeited and deemed
reconveyed to the Company and the Company shall thereafter be the
legal and beneficial owner of such reconveyed Units and shall have
all rights and interest in or related thereto without further
action by the Grantee.
IN WITNESS WHEREOF, the Company and
the Grantee have executed this Notice and agree that the Award is
to be governed by the terms and conditions of this Notice, the
Plan, and the Agreement.
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Saba Software, Inc.,
a Delaware corporation
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By:
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Title:
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Date:
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THE GRANTEE ACKNOWLEDGES AND AGREES THAT THE
UNITS SHALL VEST, IF AT ALL, ONLY DURING THE PERIOD OF THE
GRANTEE’S CONTINUOUS SERVICE OR AS OTHERWISE SPECIFICALLY
PROVIDED HEREIN (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED
THIS AWARD OR ACQUIRING SHARES HEREUNDER). THE GRANTEE FURTHER
ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS NOTICE, THE AGREEMENT,
NOR IN THE PLAN, SHALL CONFER UPON THE GRANTEE ANY RIGHT WITH
RESPECT TO CONTINUATION OF THE GRANTEE’S CONTINUOUS SERVICE,
NOR SHALL IT INTERFERE IN ANY WAY WITH THE GRANTEE’S RIGHT OR
THE COMPANY’S RIGHT TO TERMINATE THE GRANTEE’S
CONTINUOUS SERVICE AT ANY TIME, WITH OR WITHOUT CAUSE, AND WITH OR
WITHOUT NOTICE. THE GRANTEE ACKNOWLEDGES THAT UNLESS THE GRANTEE
HAS A WRITTEN EMPLOYMENT AGREEMENT WITH THE COMPANY TO THE
CONTRARY, THE GRANTEE’S STATUS IS AT WILL.
Grantee Acknowledges and
Agrees :
The Grantee acknowledges receipt of
a copy of the Plan and the Agreement and represents that he or she
is familiar with the terms and provisions thereof, and hereby
accepts the Award subject to all of the terms and provisions hereof
and thereof. The Grantee has reviewed this Notice, the Agreement
and the Plan in their entirety, has had an opportunity to obtain
the advice of counsel prior to executing this Notice and fully
understands all provisions of this Notice, the Agreement and the
Plan.
The Grantee further acknowledges
that, from time to time, the Company may be in a “blackout
period” and/or subject to applicable federal securities laws
that could subject the Grantee to liability for engaging in any
transaction involving the sale of the Company’s Shares. The
Grantee further acknowledges and agrees that, prior to the sale of
any Shares acquired under this Award, it is the Grantee’s
responsibility to determine whether or not such sale of Shares will
subject the Grantee to liability under insider trading rules or
other applicable federal securities laws.
The Grantee understands that the
Award is subject to the Grantee’s consent to access this
Notice, the Agreement, the Plan and the Plan prospectus
(collectively, the “Plan Documents”) in electronic form
on the Company’s intranet or the website of the
Company’s designated brokerage firm, if applicable. By
signing below (or providing an electronic signature by
clicking
2
below) and accepting the grant of the Award, the
Grantee: (i) consents to access electronic copies (instead of
receiving paper copies) of the Plan Documents via the
Company’s intranet or the website of the Company’s
designated brokerage firm, if applicable; (ii) represents that
the Grantee has access to the Company’s intranet or the
website of the Company’s designated brokerage firm, if
applicable; (iii) acknowledges receipt of electronic copies,
or that the Grantee is already in possession of paper copies, of
the Plan Documents; and (iv) acknowledges that the Grantee is
familiar with and accepts the Award subject to the terms and
provisions of the Plan Documents.
The Company may, in its sole
discretion, decide to deliver any Plan Documents by electronic
means or request the Grantee’s consent to participate in the
Plan by electronic means. The Grantee hereby consents to receive
such documents by electronic delivery and agrees to participate in
the Plan through an on-line or electronic system established and
maintained by the Company or a third party designated by the
Company.
The Grantee hereby agrees that all
questions of interpretation and administration relating to this
Notice, the Plan and the Agreement shall be resolved by the
Administrator in accordance with Section 9 of the Agreement.
The Grantee further agrees to the venue and jurisdiction selection
in accordance with Section 10 of the Agreement. The Grantee
further agrees to notify the Company upon any change in his or her
residence address indicated in this Notice.
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Date:
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Grantee’s Signature
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Grantee’s Printed Name
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Address
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