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Exhibit 10.42
ASPEN
TECHNOLOGY, INC.
Terms and Conditions of Restricted Stock Unit Agreement
Granted Under 2010 Equity Incentive Plan
1.
Grant of Award.
These
terms and conditions, together with the notice of grant attached
hereto ("Notice"), evidence the grant by Aspen Technology, a
Delaware corporation (the "Company"), on the grant date set forth
in the Notice (the "Grant Date") to the individual named in the
Notice (the "Participant") of restricted stock units of the Company
(individually, an "RSU" and collectively, the "RSUs") on the terms
provided herein and in the Company's 2010 Equity Incentive Plan
(the "Plan"). Each RSU represents the right to receive one share of
the common stock, $0.10 par value per share, of the Company
("Common Stock") as provided in this Agreement. The shares of
Common Stock that are issuable upon vesting of the RSUs are
referred to in this Agreement as "Shares."
2.
Vesting; Forfeiture.
(a) The
RSUs shall vest according to the schedule set forth on the
Notice.
(b) Except
as otherwise provided in the Plan, by the Board of Directors or
pursuant to agreement between the Company and the Participant, if
the Participant's employment with the Company terminates for any
reason, any portion of this award that is not vested as of the date
of such termination shall be forfeited. For purposes of this
Agreement, employment with the Company shall include employment
with a parent or subsidiary of the Company.
3.
Distribution of Shares.
(a) The
Company will distribute to the Participant (or to the Participant's
estate in the event that his or her death occurs after a vesting
date but before distribution of the corresponding Shares), as soon
as administratively practicable after each vesting date (each such
date of distribution hereinafter referred to as a "Settlement
Date"), all of the vested Shares of Common Stock represented by
RSUs that vested before the Settlement Date. If a Settlement Date
occurs during a period during which the Participant may not trade
in securities of the Company because the Company's insider trading
policy imposes a trading blackout on the Participant, then the
Settlement Date shall be delayed until such trading blackout has
ended, unless Company deducts and retains from the Shares to be
distributed upon the Settlement