Executive Incentive Plan



 Exhibit 10.13 
 AUTODESK, INC. 
 EXECUTIVE INCENTIVE PLAN 
 1) Purposes of the Plan. This Autodesk, Inc. Executive Incentive Plan sets forth the plan for payment of cash bonuses to those executive officers
of the Company designated for participation and is intended to increase stockholder value and the success of the Company by motivating executives to perform to the best of their abilities and to achieve the Company’s objectives. The Plan’s
goals are to be achieved by providing such executives with incentive awards based on the achievement of goals relating to the performance of the Company or one of its business units or upon the achievement of objectively determinable performance
goals. The Plan is intended to permit the payment of bonuses that may qualify as performance-based compensation under Code section 162(m). 
 2) Definitions. 
 (a) “Annual Revenue” means the Company’s or a business unit’s net sales for the
Fiscal Year, determined in accordance with generally accepted accounting principles. 
 (b) “Award” means, with respect to
each Participant, the award determined pursuant to Section 8(a) below for a Performance Period. Each Award is determined by a Payout Formula for a Performance Period, subject to the Committee’s authority under Section 8(a) to
eliminate or reduce the Award otherwise payable. 
 (c) “Base Salary” means, as to any Performance Period, the
Participant’s annualized salary rate on the last day of the Performance Period. Such Base Salary shall be before both (a) deductions for taxes or benefits, and (b) deferrals of compensation pursuant to Company-sponsored plans.

 (d) “Board” means the Board of Directors of the Company. 
 (e) “Cash Position” means the Company’s level of cash and cash equivalents. 
 (f) “Code” means the Internal Revenue Code of 1986, as amended. 
 (g) “Committee” means the Compensation Committee of the Board, or a sub-committee of the Compensation Committee, which shall, with
respect to payments hereunder intended to qualify as performance-based compensation under Code Section 162(m), consist solely of two or more members of the Board who are not employees of the Company and who otherwise qualify as “outside
directors” within the meaning of Section 162(m). 
 (h) “Company” means Autodesk, Inc. or any of its subsidiaries
(as such term is defined in Code Section 424(f)). 
 (i) “Earnings Per Share” means, as to any Fiscal Year, the
Company’s or a business unit’s Net Income, divided by a weighted average number of common shares outstanding and dilutive common equivalent shares deemed outstanding, determined in accordance with generally accepted accounting principles.








 (j) “Fiscal Year” means a fiscal year of the Company. 
 (k) “Maximum Award” means as to any Participant for any Performance Period, $4 million. 
 (l) “Net Income” means, as to any Fiscal Year, the income after taxes of the Company for the Fiscal Year determined in accordance with
generally accepted accounting principles. 
 (m) “Operating Cash Flow” means the Company’s or a business unit’s
sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance
payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles. 
 (n)
“Operating Margins” means the ratio of Operating Income to Annual Revenue. 
 (o) “Operating Income” means
the Company’s or a business unit’s income from operations determined in accordance with generally accepted accounting principles. 
 (p) “Participant” means an eligible executive or key employee of the Company selected by the Committee, in its sole discretion, to participate in the Plan for a Performance Period. 
 (q) “Payout Determination Date” means the date upon which the Committee determines the amounts payable pursuant to the Target Award and
Payout Formula with respect to any previously completed Performance Period, in accordance with Section 8(a). 
 (r) “Payout
Formula” means, as to any Performance Period, the formula or payout matrix established by the Committee pursuant to Section 7 in order to determine the Awards (if any) to be paid to Participants, which is generally expressed as a
percentage (which may be more than 100%) of the Target Award. The formula or matrix may differ from Participant to Participant. 
 (s)
“Performance-Based Compensation” means compensation that is intended to qualify as “performance-based compensation” within the meaning of Section 162(m). 
 (t) “Performance Goals” means the goal(s) (or combined goal(s)) determined by the Committee (in its discretion) to be applicable to a
Participant with respect to an Award. As determined by the Committee, the Performance Goals applicable to an Award may provide for a targeted level or levels of achievement using one or more of the following measures: (a) Annual Revenue,
(b) Cash Position, (c) Earnings Per Share, (d) Net Income, (e) Operating Cash Flow, (f) Operating Margins, (g) Operating Income, (h) Return on Assets, (i) Return on Equity, (j) Return on Sales and
(k) Total Stockholder Return, or such similar objectively determinable financial or other measures as may be adopted by the Committee. The Performance Goals may be based on 
  

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 absolute target numbers or growth in one or more such categories compared to a prior period. The measures which
constitute the Performance Goals may, at the discretion of the Committee, be based on Pro Forma numbers and may, as the Committee specifies, either include or exclude the effect of payment of the bonuses under this Plan and any other bonus plans of
the Company. The Performance Goals may differ from Participant to Participant and from Award to Award. In establishing a Performance Goal on the Target Determination Date, the Committee may provide that the attainment of the Performance Goal shall
be measured by appropriately adjusting the evaluation of Performance Goal performance to exclude (i) any extraordinary non-recurring items as described in Accounting Principles Board Opinion No. 30 and/or in management’s discussion
and analysis of financial conditions and results of operations appearing in the Company’s annual report to stockholders for the applicable year, or (ii) the effect of any changes in accounting principles affecting the Company’s or a
business unit’s reported results. 
 (u) “Performance Period” means any Fiscal Year or such other period as
determined by the Committee in its sole discretion. 
 (v) “Plan” means this Autodesk, Inc. Executive Incentive Plan.

 (w) “Plan Year” means the Company’s fiscal year. 
 (x) “Pro Forma” means calculation of a Performance Goal in a manner that excludes extraordinary or one-time expenses or credits, such as
restructuring expenses, extraordinary tax events, expenses or credits related to stock options and/or other equity compensation or the like, instead of conforming to generally accepted accounting principles. 
 (y) “Return on Assets” means the percentage equal to the Company’s or a business unit’s Operating Income before incentive
compensation, divided by average net Company or business unit, as applicable, assets, determined in accordance with generally accepted accounting principles. 
 (z) “Return on Equity” means the percentage equal to the Company’s Net Income divided by average stockholder’s equity, determined in accordance with generally accepted accounting principles.

 (aa) “Return on Sales” means the percentage equal to the Company’s or a business unit’s Operating Income before
incentive compensation, divided by the Company’s or the business unit’s, as applicable, revenue, determined in accordance with generally accepted accounting principles. 
 (bb) “Section 162(m)”means Section 162(m) of the Code, or any successor to Section 162(m), as that Section may be interpreted
from time to time by the Internal Revenue Service, whether by regulation, notice or otherwise. 
 (cc) “Target Award” means
the target award payable under the Plan to a Participant for the Performance Period, expressed as a percentage of his or her Base Salary or a specific dollar amount, as determined by the Committee in accordance with Section 6. 
  

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 (dd) “Target Determination Cutoff Date” means the latest possible date that will not
jeopardize a Target Award’s qualification as Performance-Based Compensation. 
 (ee) “Target Determination Date” means
the date upon which the Committee sets the Target Award and Payout Formula with respect to any Performance Period, in accordance with Section 7. 
 (ff) “Total Stockholder Return” means the total return (change in share price plus reinvestment of any dividends) of a share of the Company’s common stock. 
 3) Plan Administration. 
 (a) The
Committee shall be responsible for the general administration and interpretation of the Plan and for carrying out its provisions. Subject to the requirements for qualifying compensation as Performance-Based Compensation, the Committee may delegate
specific administrative tasks to Company employees or others as appropriate for proper administration of the Plan. Subject to the limitations on Committee discretion imposed under Section 162(m), the Committee shall have such powers as may be
necessary to discharge its duties hereunder, including, but not by way of limitation, the following powers and duties, but subject to the terms of the Plan: 
 i) discretionary authority to adopt Target Awards and Payout Formulae under this Plan for a given Performance Period on or prior to the Target Determination Cutoff Date; 
 ii) discretionary authority to construe and interpret the terms of the Plan, and to determine eligibility, Awards and the amount, manner and time of
payment of any Awards hereunder; 
 iii) to prescribe forms and procedures for purposes of Plan participation and distribution of Awards;
and 
 (iv ) to adopt rules, regulations and bylaws and to take such actions as it deems necessary or desirable for the proper
administration of the Plan. 
 (b) Any rule or decision by the Committee that is not inconsistent with the provisions of the Plan shall be
conclusive and binding on all persons, and shall be given the maximum deference permitted by law. 
 4) Eligibility. The employees
eligible to participate in the Plan for a given Performance Period shall be determined by the Committee, and are generally expected to include executive officers of the Company who are subject to Section 16 of the Securities and Exchange Act of
1934 and any other key employees who are specifically designated by the Committee for participation in the Plan in its sole discretion. Executives who earn sales commissions are generally not included in the Plan. Unless specifically excepted, a
Participant must be actively employed on the last day of the Performance Period to be eligible to receive a payment hereunder. No person shall be automatically entitled to participate in the Plan. 
  

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 5) Performance Goal Determination. On the Target Determination Date, the Committee, in its sole
discretion, shall establish the Performance Goals for each Participant for the Performance Period. Such Performance Goals shall be set forth in writing on or prior to the Target Determination Cutoff Date. 
 6) Target Award Determination. On the Target Determination Date, the Committee, in its sole discretion, shall establish a Target Award for each
Participant. Each Participant’s Target Award shall be determined by the Committee in its sole discretion, and each Target Award shall be set forth in writing on or prior to the Target Determination Cutoff Date. 
 7) Determination of Payout Formula. On the Target Determination Date, the Committee, in its sole discretion, shall establish a Payout Formula for
purposes of determining the Award (if any) payable to each Participant. Each Payout Formula (a) shall be set forth in writing on or prior to the Target Determination Cutoff Date, (b) shall provide for the payment of a Participant’s
Award if the Performance Goals for the Performance Period are achieved, and (c) may provide for an Award payment greater than or less than the Participant’s Target Award, depending upon the extent to which the Performance Goals are
achieved. Notwithstanding the preceding, in no event shall a Participant’s Award for any Performance Period exceed the Maximum Award. 
 8) Payout Determination; Award Payment. 
 (a) Payout Determination and Certification. On the Payout Determination
Date, the Committee shall certify in writing (which may be by approval of the minutes in which the certification was made) the extent to which the Performance Goals applicable to each Participant for the Performance Period were achieved or exceeded.
The Award for each Participant shall be determined by applying the Payout Formula to the level of actual performance that has been certified by the Committee. Notwithstanding any contrary provision of the Plan, the Committee, in its sole discretion,
may eliminate or reduce the Award payable to any Participant below that which otherwise would be payable under the Payout Formula. 
 (b)
Right to Receive Payment. Each Award under the Plan shall be paid solely from the general assets of the Company. Nothing in this Plan shall be construed to create a trust or to establish or evidence any Participant’s claim of any right
to payment of an Award other than as an unsecured general creditor with respect to any payment to which he or she may be entitled. 
 (c)
Form of Distributions. The Company shall distribute all Awards to the Participant in cash. 
 (d) Timing of Distributions.
Subject to Section 8(e) below, the Company shall distribute amounts payable to Participants as soon as is practicable following the determination and written certification of the Award for a Performance Period, but in no event later than 2 1/2 months after the end of the applicable Performance Period. 
 (e) Deferral. The Committee may defer payment of Awards, or any portion thereof, to Participants as the Committee, in its discretion, determines
to be necessary or desirable to preserve the deductibility of such amounts under Section 162(m). In addition, the Committee, in 
  

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 its sole discretion, may permit a Participant to defer receipt of the payment of cash that would otherwise be delivered
to a Participant under the Plan. Any such deferral elections shall be subject to such rules and procedures as shall be determined by the Committee in its sole discretion. 
 9) Term of Plan. The Plan shall first apply to the Company’s fiscal year 2006 Plan Year. The Plan shall terminate with respect to the fiscal 2006 Plan Year and all subsequent Plan Years unless it is
approved at the 2005 annual meeting of the Company’s stockholders. Once approved by the Company’s stockholders, the Plan shall continue until terminated under Section 10 of the Plan. 
 10) Amendment and Termination of the Plan. The Committee may amend, modify, suspend or terminate the Plan, in whole or in part, at any time,
including adopting amendments deemed necessary or desirable to correct any defect or to supply omitted data or to reconcile any inconsistency in the Plan or in any Award granted hereunder; provided, however, that no amendment, alteration, suspension
or discontinuation shall be made which would (i) impair any payments to Participants made prior to such amendment, modification, suspension or termination, unless the Committee has made a determination that such amendment or modification is in
the best interests of all persons to whom Awards have theretofore been granted; provided further, however, that in no event may such an amendment or modification result in an increase in the amount of compensation payable pursuant to such Award or
(ii) cause compensation that is, or may become, payable hereunder to fail to qualify as Performance-Based Compensation. To the extent necessary or advisable under applicable law, including Section 162(m), Plan amendments shall be subject
to stockholder approval. At no time before the actual distribution of funds to Participants under the Plan shall any Participant accrue any vested interest or right whatsoever under the Plan except as otherwise stated in this Plan. 
 11) Withholding. Distributions pursuant to this Plan shall be subject to all applicable federal and state tax and withholding requirements.

 12) At-Will Employment. No statement in this Plan should be construed to grant any employee an employment contract of fixed
duration or any other contractual rights, nor should this Plan be interpreted as creating an implied or an expressed contract of employment or any other contractual rights between the Company and its employees. The employment relationship between
the Company and its employees is terminable at-will. This means that an employee of the Company may terminate the employment relationship at any time and for any reason or no reason. 
 13) Successors. All obligations of the Company under the Plan, with respect to awards granted hereunder, shall be binding on any successor to the
Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business or assets of the Company. 
 14) Indemnification. Each person who is or shall have been a member of the Committee, or of the Board, shall be indemnified and held harmless
by the Company against and from (a) any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by him or her in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a
party or in which he or she may be involved by reason of any action taken or failure to 
  

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 act under the Plan or any award, and (b) from any and all amounts paid by him or her in settlement thereof, with the
Company’s approval, or paid by him or her in satisfaction of any judgment in any such claim, action, suit, or proceeding against him or her, provided he or she shall give the Company an opportunity, at its own expense, to handle and defend the
same before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s
Certificate of Incorporation or Bylaws, by contract, as a matter of law, or otherwise, or under any power that the Company may have to indemnify them or hold them harmless. 
 15) Nonassignment. The rights of a Participant under this Plan shall not be assignable or transferable by the Participant except by will or the
laws of intestacy. 
 16) Governing Law. The Plan shall be governed by the laws of the State of California. 
  

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