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Exhibit 10.1

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2007 Executive Bonus Award Incentive Plan

March 5, 2007

Internap Confidential and Proprietary Information

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Table of Contents

1.  
Annual Incentive Plan (Executive)

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2007 Incentive Plan (Executive)

The purpose of this plan is to:

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Focus participants’ actions on the achievement of annual revenue growth and
profitability goals;

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Align participants’ actions on the accomplishment of key operational and
strategic goals;

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Encourage and reward individuals for the achievement of specific objectives;

§  
Maintain a competitive range of incentive compensation opportunities; and

§  
Simplify the current executive incentive plan while maintaining existing bonus
opportunity.

Participation

Participation in the plan will include the officers and executives of the
Company. Other key contributors may be recommended by the CEO and approved by
the Compensation Committee of the Board.

Awards

Each participant will be eligible for three awards based on the following goals:

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Achievement of Revenue Goals will comprise 25% of the potential award

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Achievement of EBITDA Goals will comprise 50% of the potential award

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Achievement of Individual Goals (MBO’s) will comprise 25% of the potential award

A threshold of financial performance (revenue, EBITDA and net income*)
established by the 2007

*Excluding equity compensation expenses
 

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Business Plan and approved by the Board must be achieved in order for any of the
three awards to be paid. In addition, a participant must achieve at least “Meets
Expectations” rating, including attainment of his or her individual/department
budget objectives, in order for any of the three awards to be paid.

The Board shall establish Threshold, Target and Above and Maximum objectives for
each of these goals. However, the Board of Directors (or in the Board’s
discretion, the Compensation Committee) may adjust the revenue and EBITDA goals
to exclude extraordinary expenses or benefits in their sole discretion. To be
eligible for awards, participants must be a full-time employee of the Company at
the time that the Board determines achievement under this 2007 Plan, and amounts
payable are pro rated for the portion of the 2007 year during which the employee
is an executive of the Company. The CEO has the latitude to adjust the level of
bonus payout based upon each executive’s performance and contribution.

Each participant has an assigned target level stated as a percent of salary. The
target award levels based on current incentive plan formula are:

 
Target Award Levels
Function
Target Level
Maximum
CEO
70%
140%
VP & CFO
50%
100%
COO
50%
100%
VP. GC
45%
90%
VP & CTO
37%
74%
VP & CSO
37%
74%
VP, HR
37%
74%
VP, IP GM
37%
74%
VP, Sales
25%
50%

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The Board of Directors retains the sole discretion to determine whether Company
and individual objectives have been met, after consideration of any
recommendation by the Chief Executive Officer. Performance above the Maximum may
result in higher awards at the sole discretion of the Compensation Committee.

Potential payment of achievement of the Target objective for the Annual Revenue
Goal, Annual EBITDA Goal and Individual Goals shall equal 100% of each
respective Goal’s allocated percentage of the individual executive’s total
Target Award amount (25%, 50%, and 25% of the total Target Award amount,
respectively).

Potential payment for achievement of the Threshold objective for the Annual
Revenue Goal and Annual EBITDA Goal shall equal 40% of each respective Goal’s
allocated percentage of the individual executive’s Target Award amount (40% of
25% of the total Target Award amount, in the case of the Annual Revenue Goal,
and 40%o f 50% of the total Target Award amount, in the case of the Annual
EBITDA Goal). Potential payment for achievement of the Threshold objective for
the individual Goals shall be $0.

Potential payment for achievement of the above objective for the Annual Revenue
Goal, Annual EBITDA Goal and Individual Goals shall be 130% of each respective
Goal’s allocated portion of the individual executive’s Target Award amount.
Potential payment for achievement of the Maximum objective for the Annual
Revenue Goal, Annual EBITDA Goal and Individual Goals shall be 200% of each such
Goal’s allocated portion of the individual executive’s Target Award amount.

Potential payment for performance for the Annual Revenue and Annual EBITDA goals
that falls between the Target, Threshold, Above or Maximum objectives will be
interpolated on a straight-line basis to determine the incentive amount.

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