VMware 2013 Annual Report Download - page 111
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participation in the Plan is offered to employees whose customary employment is 20 hours or less, the offering will be made under
a separate offering under the 423 component or under the non-423 component of the Plan.
(e) No employee whose customary employment is for not more than five months in any calendar year shall be eligible to
participate in the Plan.
(f) No independent contractor shall be eligible to participate in the Plan.
Section 21. Jurisdiction and Governing Law.
The Company and each participant in the Plan submit to the exclusive jurisdiction and venue of the U.S. federal or state
courts of Delaware to resolve issues that may arise out of or relate to the Plan or the same subject matter. The Plan shall be
governed by the laws of Delaware, excluding its conflicts or choice of law rules or principles that might otherwise refer
construction or interpretation of this Plan to the substantive law of another jurisdiction.
Section 22. Compliance with Foreign Laws and Regulations.
Notwithstanding anything to the contrary herein, the Board, in order to conform with provisions of local laws and
regulations in foreign countries in which the Company or its subsidiaries operate, shall have sole discretion to (i) adversely modify
the terms and conditions of options granted to participants employed outside the United States to the extent consistent with the U.S.
Treasury regulations under Code Section 423; (ii) establish comparable offerings that are not intended to qualify under Code
Section 423 with the shares to be taken from the allotment available under this Plan and with modified enrollment or exercise
procedures and/or establish such other modifications as may be necessary or advisable under the circumstances presented by local
laws and regulations; and (iii) take any action which it deems advisable to obtain, comply with or otherwise reflect any necessary
governmental regulatory procedures, exemptions or approvals with respect to the Plan or any sub-plan established hereunder.
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