EX-10.1



 Exhibit 10.1 

Analogic Corporation 

Annual Incentive Plan for Fiscal Year 2015 
  





 
  

							
	Employee:	  		  	Company:	  	
				
	Title:	  		  	Target Level:	  	
				
	Plan Year:	  	8/1/2014 – 7/31/2015	  	Supervisor:	  	

  
 



 
 Congratulations! Analogic Corporation (the “Company”) has selected you to participate in its Annual Incentive
Plan (the “Plan”) for Fiscal Year 2015. A summary of the terms of the Plan, as it applies to you, is shown below*: 
  

	1.	Eligibility to Earn an Award 

 You will be eligible to earn an award under the
Plan if all of the following conditions apply: 
  

	 	(a)	Analogic achieves at least 50% of its Non-GAAP Earnings per Share (EPS) budget for fiscal year 2105; 

  

	 	(b)	you are an employee of the company on July 31, 2015**,or your employment is terminated involuntarily after January 31, 2015 and you are eligible for Severance Benefits. 


 

	2.	Performance Factors  

 The Target Level for your award is listed above. Your
actual award may be greater or less than the Target Level, depending on the Company’s results and your performance relative to Individual Objectives for the Plan year. If you are eligible to receive an award, your final award amount will be
determined based upon the following performance factors: 
  

	 	(a)	Analogic Non-GAAP EPS – 60% of your award shall be determined by Analogic’s year-end results for Non-GAAP EPS relative to budget for fiscal year 2015. 


 

	 	(b)	Analogic Revenue – 30% of your award shall be determined by Analogic’s year-end results for total Company Revenue relative to budget for fiscal year 2015. 


 

	 	(c)	Analogic Non-GAAP Return on Invested Capital (ROIC) – 10% of your award shall be determined by Analogic’s year-end results for Non-GAAP ROIC relative to budget for fiscal year 2015. 


 

	3.	Determining your award 

 (a) Your award will be equal to your Target Level
multiplied by your Eligible Base Earnings, adjusted for the actual performance measures relative to budget attained for 2015. Eligible Base Earnings means total base salary payments (including vacation, sick and holiday pay) made through Company
payroll for the Plan year. Payments made to employees during approved medical leaves of absence are excluded. 
 (b) Actual awards will range
from 1 to two (2) times the Target Level for the performance factors and 0 to 1.5 times the Target Level for individual objectives. 

(c) If you are not eligible for an award for the entire 2015 fiscal year or if your Target Level changes during the Plan year, your award will
be pro-rated based on the number of months that you were eligible to receive the award. 
 This document is not an employment agreement, and
terms of employment are unaffected because of this document. Equitable adjustments will be made to exclude the impact of acquisitions or divestitures during the performance period. The Company reserves the right to adjust awards up or down in its
discretion based on exceptional circumstances. If Analogic Non-GAAP EPS is less than 50% of Budget, no awards will be earned under this plan. 
  

	*	For more information concerning the Plan, please contact the Human Resources Department 


	**	Because payment of an award under the Plan is determined in part upon the Company’s performance during the 2015 Fiscal Year, the payment date of any award will be after the completion of fiscal year 2015, as
determined in the sole discretion of the Company’s Compensation Committee.