VMware 2007 Annual Report Download - page 110

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Exhibit 10.15
June 13, 2007
Mark Peek
Dear Mark,
I am writing to confirm our understanding with respect to the 433,216 restricted stock units that were granted to you on June 7, 2007 under the
VMware 2007 Equity and Incentive Plan (the “RSUs”). These RSUs were granted to you in lieu of the EMC restricted shares that were to be
granted to you as described in your March 17. 2007 offer letter. Subject to your continued employment with VMware, Inc. (“VMware”) through
June 7, 2010, the RSUs will fully vest on that date. However, if VMware meets or achieves the targets established for the second half of 2007
under the VMware Revenue and Profit Contribution Plan, 1/3 of the RSUs will vest on each of the first three anniversaries of the grant date if
you are employed by VMware on the applicable vesting date. In addition, the RSUs will become immediately vested in full if there is a change
in control (as defined on Appendix A) and following such change in control (1) your employment is terminated by VMware without Cause (as
defined on Appendix A) or (2) you terminate your employment because your duties have been diminished such that you no longer serve as a
Chief Financial Officer of a public entity.
Please indicate your agreement with the terms of this letter by a signing a copy of this letter and returning it my attention.
ACCEPTED AND AGREED TO this 14 day of June, 2007.
Enclosures:
Duplicate Letter
Appendix A
Sincerely,
/s/ Diane Greene
Diane Greene
President
diane@vmware.com
/s/ Mark Peek
Mark Peek