Exhibit 10.1
 HUTCHINSON TECHNOLOGY INCORPORATED
SEVERANCE PAY PLAN
 (As Amended and Restated Effective March 8, 2011)
 I. INTRODUCTION
   II. ELIGIBILITY
 all
 
    
    You are classified by HTI as a regular U.S.-based,
full-time employee of HTI.
    
    If you are an hourly employee, more than 56 days have
passed since your HTI employment began.
    
    Your employment with HTI is not subject to a written
employment agreement (unless that written employment agreement
specifically provides that you are eligible for this Plan and mentions
this Plan by name).
    
    You have not received any special severance
arrangement from HTI pursuant to which you have become entitled to a
payment or payments (unless that special severance arrangement
specifically provides that you are eligible for this Plan and mentions
this Plan by name, or your
 1




---



##### 



termination of employment under the special severance arrangement would not
result in a payment under that arrangement).
    
    You are not a participant in any other HTI severance
plan.
    III. SEVERANCE EVENTS
  
    
    Closure of the HTI facility at which you work.
    
    A permanent reduction in HTIs workforce that
results in the elimination of your position.
    
    An organizational change that results in the
elimination of your position.
 Release Required.
 Ineligibility for Benefits.
 2




---



##### 




    
    You are offered another position with HTI and
refuse to accept that position.
    
    You voluntarily terminate your employment with
HTI.
    
    You terminate your employment with HTI after
you receive notice of a severance event that will occur in the future,
but prior to the date on which the severance event occurs. The date of
the severance event (for example, the date on which your position will
be eliminated or the facility in which you work will be closed) is
determined by HTI in its sole discretion.
    
    Your employment is terminated by HTI for a
reason that is not declared by management to be a severance event
(including, but not limited to, a termination based on job performance
or misconduct).
    
    You are placed on a temporary layoff.
    
    Your employment terminates due to death,
disability, or failure to return to work for HTI following a leave of
absence, layoff or any other period of authorized absence from HTI.
    
    Your employment with HTI is terminated in
connection with a corporate event, such as a merger, acquisition or
spin-off, or in connection with an outsourcing or similar transaction,
and you are offered employment with a successor to part or all of HTIs
business or operations or with the outsourcing provider (whether or not
you accept that offer).
    
    You refuse to sign the release form prepared by
HTI, or you rescind the release before it becomes final.
    
    You leave HTI under any other program in which
management solicits and accepts voluntary terminations (in which case,
severance pay will be determined and paid only under the other program,
unless that program specifically provides that you are eligible for
this Plan and that benefits are cumulative).
    
    You are covered by a written employment
agreement with HTI at the time your employment terminates (unless that
written employment agreement specifically provides that you are
eligible for this Plan and mentions this Plan by name).
    
    You have received a special severance
arrangement from HTI pursuant to which you have become entitled to a
payment or payments (unless that special severance arrangement
specifically provides that you are eligible for this Plan and mentions
this Plan by name, or your termination of employment under the special
severance arrangement would not result in a payment under that
arrangement).
 3




---



##### 



IV. SEVERANCE BENEFITS
     Years of Service.
 4




---



##### 



Your base pay.
 Reductions of Severance Benefits.
 Reemployment by HTI
 V. AMENDMENT AND TERMINATION OF THE PLAN
  5




---



##### 



VI. SUBMITTING CLAIMS FOR BENEFITS
  Formal Claims for Benefits.
   Appeals.
 6




---



##### 



VII. PLAN ADMINISTRATION
  Name of Plan:
  Type of Plan:
  Plan Administrator/Plan Sponsor:
  7




---



##### 



Employer Identification Number:
  Plan Number:
  Plan Year:
  Agent for Service of Legal Process:
  Assignment of Benefits:
  Statement of Rights of Participants:
  1.
    
    Examine, without charge, at HTIs Human Resources Department and at other
specified locations, such as worksites, all documents governing the Plan and a copy of
the latest annual report (Form 5500 Series) filed by the Plan with the
 8




---



##### 



U.S. Department of Labor and at the Public Disclosure Room of the Employee Benefits
Security Administration.2.
    
    Obtain, upon written request to HTIs Human Resources Department, copies of all
documents governing the operation of the Plan and copies of the latest annual report
(Form 5500 Series) and updated summary plan description. A reasonable charge may be
made for the copies.3.
    
    Receive a summary of any annual financial report filed by the Plan (if the Plan
is required to file such a report). HTI is required by law to furnish each participant
with a copy of this summary financial report.
     9




---



##### 



HUTCHINSON TECHNOLOGY INCORPORATED
SEVERANCE PAY PLAN
 (As Amended and Restated Effective March 8, 2011)
 Appendix I  Applicable to Employees In the Following HTI Pay Families:
 Diesetter (DS)
Facility Support (F1-F5)
Nonexempt Support (NES1-NES5)
Office Services (OS1-OS4)
Plymouth Stamping Specialist (PSS)
Production (A&B)
Any Other Pay Family Specified by HTI as Under Appendix I




---



##### 



HUTCHINSON TECHNOLOGY INCORPORATED
SEVERANCE PAY PLAN
 (As Amended and Restated Effective March 8, 2011)
 Appendix II  Applicable to Employees In the Following HTI Pay Families:
 AP20-AP26
Machinist/Specialty Machinist
Engineers (E1-E2)
MC30-MC33
Toolmaker
Technicians (T1-T4)
Any Other Pay Family Specified by HTI as Under Appendix II




---



##### 



HUTCHINSON TECHNOLOGY INCORPORATED
SEVERANCE PAY PLAN
 (As Amended and Restated Effective March 8, 2011)
 Appendix III  Applicable to Employees In the Following HTI Pay Families:
 AP27-AP29
MC34-MC38
Engineers (E3-E5)
Any Other Pay Family Specified by HTI as Under Appendix III




---



##### 



HUTCHINSON TECHNOLOGY INCORPORATED
SEVERANCE PAY PLAN
 (As Amended and Restated Effective March 8, 2011)
 Appendix IV  Applicable to Employees of HTI Classified As Directors or Plant Managers
    Years of Service
  Week of Base Pay.
 Additional Benefits




---



##### 



Reductions of Severance Benefits
 Outplacement Services




---



##### 



HUTCHINSON TECHNOLOGY INCORPORATED
SEVERANCE PAY PLAN
 (As Amended and Restated Effective March 8, 2011)
 Appendix V  Applicable to Employees of HTI Classified As Vice Presidents
    Additional Benefits




---



##### 



Reductions of Severance Benefits
 Outplacement Services




---



##### 



HUTCHINSON TECHNOLOGY INCORPORATED
SEVERANCE PAY PLAN
 (As Amended and Restated Effective March 8, 2011)
 Appendix VI  Applicable to Senior Executives of HTI
   
    
    Chief Executive Officer
    
    Chief Financial Officer
    
    Chief Technology Officer
    
    President (Company and/or Divisional)
   Additional Benefits




---



##### 



Reductions of Severance Benefits
 Outplacement Services