Exhibit 10.15
RIVERBED TECHNOLOGY,
INC.
AMENDMENT TO RIVERBED TECHNOLOGY,
INC. MANAGEMENT BONUS PLAN
This Amendment to the Riverbed
Technology, Inc. Management Bonus Plan (the
“Plan” ) by Riverbed Technology, Inc.
(the “Company”) is effective
December 15, 2008.
WHEREAS, the Company originally adopted the Plan
effective as of May 29, 2007 to motivate participants to
achieve excellent shot and long term financial performance of the
Company; and
WHEREAS, the Company desires to amend certain provisions
of the Plan in order to come into documentary compliance with
Section 409A of the Internal Revenue Code of 1986, as amended
(the “Code” ), and any final regulations
and official guidance promulgated thereunder (together,
“Section 409A” ) so as to avoid the
imposition of the additional tax imposed under Section 409A,
as set forth below.
NOW, THEREFORE,
the Plan is hereby amended as
follows:
1. Timing of Payment . The
Plan is hereby amended by replacing the existing Section 4.2
in its entirety with the following new Section 4.2 to provide
as follows:
“4.2 Timing
of Payment . Subject to Section 3.5, payment of each
Actual Award shall be made as soon as administratively practicable,
as determined in the sole discretion of the Company, but in no
event later than the 15 th day of the 3
rd
month after the end
of the applicable Performance Period or Progress P
