Document:

Amended and Restated 1997 Stock Plan

 EXHIBIT 4.1 
 LOGILITY, INC. 
 1997 STOCK PLAN 
 (Amended and Restated August 17, 2006) 
 Logility, Inc., a Georgia
corporation (the “Company”), hereby establishes the Logility, Inc. 1997 Stock Plan (the “Plan”), effective as of August 7, 1997, the date on which this Plan was approved and adopted by the Board of Directors and Shareholders
of the Company. 
 1. Purpose. The purpose of the Plan is to attract and retain the best available talent and encourage the highest
level of performance by officers, employees, directors, advisors and consultants, and to provide them with incentives to put forth maximum efforts for the success of the Company’s business in order to serve the best interests of the Company.
Stock Options granted under the Plan may be Incentive Stock Options or Nonqualified Stock Options, as such terms are hereinafter defined. Participants in the Plan may also receive Stock Appreciation Rights, as hereinafter defined, in lieu of or in
addition to Stock Options. 
 2. Definitions. The following terms, when used in the Plan with initial capital letters, will have the
following meanings: 
 (a) “Act” means the Securities Exchange Act of 1934 as in effect from time to time.

 (b) “Board” means the Board of Directors of the Company. 
 (c) “Change in Control” means the occurrence, prior to the expiration of a Stock Option or Stock Appreciation Right, of any of
the following events: 
 (i) the Company is merged, consolidated or reorganized into or with another corporation or other
legal person, and as a result of such merger, consolidation or reorganization less than two-thirds of the combined voting power of the then-outstanding securities entitled to vote generally in the election of directors (“Voting Stock”) of
such corporation or person immediately after such transaction are held in the aggregate by the holders of Voting Stock of the Company immediately prior to such transaction; 
 (ii) the Company sells or otherwise transfers all or substantially all of its assets to another corporation or other legal person, and as
a result of such sale or transfer less than two-thirds of the combined voting power of the then-outstanding Voting Stock of such corporation or person immediately after such sale or transfer is held in the aggregate by the holders of Voting Stock of
the Company immediately prior to such sale or transfer; 
 (iii) there is a report filed on Schedule 13D or Schedule 14D-1 (or
any successor schedule, form or report), each as promulgated pursuant to the Act, disclosing that any person (as the term “person” is used in Section 13(d)(3) or Section 14(d)(2) of the Act) has become the direct or indirect
beneficial owner (as the term “beneficial owner” is defined under Rule 13d-3 or any successor rule or regulation promulgated under the Act) of securities representing 50% or more of the combined voting power of the then-outstanding Voting
Stock of the Company; 
 (iv) the Company files a report or proxy statement with the Securities and Exchange Commission
pursuant to the Act disclosing in response to Form 8-K or Schedule 14A (or any successor schedule, form or report or item therein) that a change in control of the Company has occurred or will occur in the future pursuant to any then-existing
contract or transaction; or 

 (v) if, during any period of two consecutive years, individuals who at the beginning of
any such period constitute the directors of the Company cease for any reason to constitute at least a majority thereof; provided, however, that for purposes of this clause (v) each director who is first elected, or first nominated for election
by the Company’s stockholders, by a vote of at least two-thirds of the directors of the Company (or a committee thereof) then still in office who were directors of the Company at the beginning of any such period will be deemed to have been a
director of the Company at the beginning of such period; and provided further that this clause (v) shall not commence applicability until such time as at least five directors are serving concurrently on the Board, but shall apply thereafter
regardless of the number of directors. 
 Notwithstanding the foregoing provisions of clauses (iii) or (iv) above, unless otherwise
determined in a specific case by majority vote of the Board, a “Change in Control” will not be deemed to have occurred for purposes of clause (iii) or clause (iv) above (A) solely because (1) the Company, (2) a
Subsidiary, or (3) any Company-sponsored employee stock ownership plan or any other employee benefit plan of the Company or any Subsidiary either files or becomes obligated to file a report or a proxy statement under or in response to Schedule
13D, Schedule 14D-1, Form 8-K or Schedule 14A (or any successor schedule, form or report or item therein) under the Act disclosing beneficial ownership by it of shares of Voting Stock of the Company, whether in excess of 50% or otherwise, or because
the Company reports that a change in control of the Company has occurred or will occur in the future by reason of such beneficial ownership or any increase or decrease thereof; or (B) solely because of the distribution by American Software,
Inc., a Georgia corporation (“ASI”), of all or any portion of its Voting Stock of the Company to the Shareholders of ASI. 
 (d) “Code” means the Internal Revenue Code of 1986, as in effect from time to time. 
 (e)
“Committee” shall refer to either the Stock Option Committee or the Special Stock Option Committee. 
 (f)
“Common Stock” means the common stock of the Company or any security into which such common stock may be changed by reason of any transaction or event of the type described in Section 10. 
 (g) “Date of Grant” means the date specified by the Stock Option Committee or the Special Stock Option Committee, as applicable,
on which a grant of Stock Options or Stock Appreciation Rights will become effective (which date will not be earlier than the date on which such Committee takes action with respect thereto). 
 (h) “Incentive Stock Option” means a Stock Option granted in accordance with Section 422 of the Code. 
 (i) “Market Value per Share” means (i) for Stock Options granted prior to the Company’s registration of the Common
Stock under the Securities Exchange Act of 1934 (“1934 Act Registration”), the fair market value per share of the Common Stock on the Date of Grant as determined by the Stock Option Committee or the Special Stock Option Committee, as
applicable, and (ii) with respect to Stock Options granted after 1934 Act Registration, the average of the high and low closing sale prices as reported on any national securities exchange or automated quotation system on which the Common Stock
is listed on the Date of Grant if such date is a trading day and, if such date is not a trading day, on the immediately preceding date which is a trading day. 
 (j) “Nonemployee Director” means a member of the Board who is not an employee of the Company or any Subsidiary and who qualifies
as a “disinterested person” within the meaning of Rule 16b-3. 
 (k) “Nonqualified Stock Option” means a
Stock Option other than an Incentive Stock Option. 

 (l) “Option Price” means the purchase price per share payable on exercise of a
Stock Option. 
 (m) “Participant” means a person who is selected by the Stock Option Committee or the Special Stock
Option Committee, as applicable, to receive Stock Options or Stock Appreciation Rights and who is at that time (i) an executive officer or other key employee of the Company or any Subsidiary, (ii) an advisor or consultant to the Company or
any Subsidiary, or (iii) a member of the Board. 
 (n) “Rule 16b-3” means Rule 16b-3 under Section 16 of
the Act, as such Rule is in effect from time to time. 
 (o) “Special Stock Option Committee” means (i) a
committee that at all times consists of at least two Nonemployee Directors and all of whose members qualify as “outside directors” within the meaning of Section 162(m) of the Code. 
 (p) “Stock Appreciation Right” means the right of a Participant, without payment to the Company (except for applicable
withholding taxes), to receive the excess of the Market Value per Share on the date on which a Stock Appreciation Right is exercised over the Unit Exercise Price as provided in the stock appreciation right agreement, multiplied by the number of
Units exercised. A Stock Appreciation Right may be exercised in whole or in part, and if exercised in part the excess above the Unit Exercise Price is calculated only on those Units as to which the Stock Appreciation Right is exercised. 

(q) “Stock Option” means the right to purchase shares of Common Stock upon exercise of an option granted pursuant to
Section 4 or 5. 
 (r) “Stock Option Committee” means the Stock Option Committee appointed by the Board. Prior
to the appointment of such a committee, the Board shall be deemed the Stock Option Committee. 
 (s) “Subsidiary”
means any corporation, partnership, joint venture or other entity in which the Company owns or controls, directly or indirectly, not less than 50% of the total combined voting power or equity interests represented by all classes of stock issued by
such corporation, partnership, joint venture or other entity. 
 (t) “10-Percent Shareholder” means any person who
at the time of a Stock Option grant owns capital stock of the Company possessing more than 10% of the combined voting power of all classes of capital stock of the Company. 
 (u) “Units” means the number of shares of Common Stock covered by a Stock Appreciation Right which, although not issued to the
Participant, are used to measure, at any particular time, the amount payable to the Participant upon exercise of the Stock Appreciation Right. 
 (v) “Unit Exercise Price” means the price set forth in a stock appreciation right agreement executed pursuant to Sections 5 or 7 with which the Market Value per Share is compared in order to determine
the amount payable to the Participant upon exercise of the Stock Appreciation Right. 
 3. Shares and Units Available Under Plan.

 (a) The shares of Common Stock which may be issued under the Plan will not exceed in the aggregate 1,600,000 shares,
subject to adjustment as provided in Section 10. Such shares may be shares of original issuance or treasury shares or a combination of the foregoing. Any shares of Common Stock that are subject to Stock Options that are terminated, expire
unexercised, are forfeited or are surrendered will again be available for issuance under the Plan. 

 (b) The Units on which Stock Appreciation Rights may be based will not exceed in the
aggregate 300,000 Units, subject to adjustment as provided in Section 10. Any Units on which Stock Appreciation Rights are based will again be available for the granting of Stock Appreciation Rights under Section 6 if the Stock
Appreciation Rights that were based on those Units are terminated, expire unexercised, are forfeited or are surrendered. 
 4. Stock
Options for Participants - Nonexempt Grants. The Stock Option Committee may from time to time authorize grants to any Participant of options to purchase shares of Common Stock upon such terms and conditions as such committee may determine in
accordance with the provisions set forth below. Grants made by the Stock Option Committee pursuant to this Section 4 are not intended to comply with or otherwise satisfy the requirements of Rule 16b-3. 
 (a) Each grant will specify the number of shares of Common Stock to which it pertains. 
 (b) Each grant will specify the Option Price, which, in the case of an Incentive Stock Option, will be not less than 100% of the Market
Value per Share on the Date of Grant or, in the case of an Incentive Stock Option granted to a 10% Shareholder, not less than 110% of the Market Value per Share on the Date of Grant. 
 (c) Each grant will specify whether the Stock Option is intended to be an Incentive Stock Option or a Nonqualified Stock Option.

 (d) Each grant may specify whether the Option Price will be payable (i) in cash or by check acceptable to the Company,
(ii) by the transfer to the Company of shares of Common Stock owned by the Participant for at least six months (or, with the consent of the Committee, for less than six months) having an aggregate fair market value per share at the date of
exercise equal to the aggregate Option Price, or (iii) by a combination of such methods of payment; provided, however, that the payment method described in clause (ii) will not be available at any time that the Company is prohibited from
purchasing or acquiring such shares of Common Stock. In the absence of any such specification, only the payment method in clause (i) shall be permitted. Any grant may provide for deferred payment of the Option Price from the proceeds of sale
through a bank or broker of some or all of the shares to which such exercise relates. 
 (e) Successive grants may be made to
the same Participant whether or not any Stock Options previously granted to such Participant remain unexercised. 
 (f) Each
grant will specify the term of the Stock Option, which in the case of an Incentive Stock Option granted to a 10% Shareholder shall not be greater than five years and for all other Stock Options shall not be greater than ten years. 
 (g) Each grant will specify the required period or periods (if any) of continuous service by the Participant with the Company or any
Subsidiary and/or any other conditions to be satisfied before the Stock Option or installments thereof will become exercisable, and any grant may provide, or may be amended to provide for the earlier exercise of the Stock Option in the event of a
Change in Control. 
 (h) Each Stock Option granted pursuant to this Section 4 will be subject to the transfer
restrictions set forth in Section 9. 

 (i) Each grant will be evidenced by a stock option agreement executed on behalf of the
Company by the Chief Executive Officer or Chief Financial Officer (or another officer designated by the Board of Directors or by the Stock Option Committee) and delivered to the Participant and containing such further terms and provisions,
consistent with the Plan, as the Committee may approve. 
 5. Stock Options for Participants - Exempt Grants. The Special Stock Option
Committee may from time to time authorize grants to any Participant of options to purchase shares of Common Stock upon such terms and conditions as it may determine in accordance with the provisions set forth below. Grants made by the Special Stock
Option Committee pursuant to this Section 5 are intended to comply with and otherwise satisfy the requirements of Rule 16b-3. To the extent that (i) any provision of the Plan applicable to a Stock Option granted pursuant to this
Section 5, or (ii) any act of the Board, Stock Option Committee or Special Stock Option Committee would cause such Stock Option to fail to satisfy or comply with any requirements of Rule 16b-3, such provision or act will be deemed null and
void for purposes of such Stock Option. 
 (a) Each grant will specify the number of shares of Common Stock to which it
pertains. 
 (b) Each grant will specify the Option Price, which, in the case of an Incentive Stock Option, will be not less
than 100% of the Market Value per Share on the Date of Grant or, in the case of an Incentive Stock Option granted to a 10% Shareholder, not less than 110% of the Market Value per Share on the Date of Grant. 
 (c) Each grant will specify whether the Stock Option is intended to be an Incentive Stock Option or a Nonqualified Stock Option.

 (d) Each grant will specify whether the Option Price will be payable (i) in cash or by check acceptable to the
Company, (ii) by the transfer to the Company of shares of Common Stock owned by the Participant for at least six months (or, with the consent of the Special Stock Option Committee, for less than six months) having an aggregate fair market value
per share at the date of exercise equal to the aggregate Option Price, or (iii) by a combination of such methods of payment; provided, however, that the payment method described in clause (ii) will not be available at any time that the
Company is prohibited from purchasing or acquiring such shares of Common Stock. In the absence of any such specification, only the payment method in clause (i) shall be permitted. Any grant may provide for deferred payment of the Option Price
from the proceeds of sale through a bank or broker of some or all of the shares to which such exercise relates. 
 (e)
Successive grants may be made to the same Participant whether or not any Stock Options previously granted to such Participant remain unexercised. 
 (f) Each grant will specify the term of the Stock Options, which in the case of an Incentive Stock Option granted to a 10% Shareholder shall not be greater than five years and for all other Incentive Stock Options
shall not be greater than ten years. 
 (g) Each grant will specify the required period or periods (if any) of continuous
service by the Participant with the Company or any Subsidiary and/or any other conditions to be satisfied before the stock Options or installments thereof will become exercisable, and any grant may provide, or may be amended to provide for the
earlier exercise of the Stock Options in the event of a Change in Control. 
 (h) Each Stock Option granted pursuant to this
Section 5 will be subject to the transfer restrictions set forth in Section 9. 

 (i) Each grant will be evidenced by a stock option agreement executed on behalf of the
Company by the Chief Executive Officer or Chief Financial Officer (or another officer designated by the Board of Directors or by the Special Stock Option Committee) and delivered to the Participant and containing such further terms and provisions,
consistent with the Plan, as the Special Stock Option Committee may approve. 
 6. Stock Appreciation Rights - Nonexempt Grants.
The Stock Option Committee may from time to time authorize grants of Stock Appreciation Rights to any Participant upon such terms and conditions as such Committee may determine in accordance with the provisions set forth below. Grants made pursuant
to this Section 6 are not intended to comply with or otherwise satisfy the requirements of Rule 16b-3. 
 (a) Each grant
will specify the number of Units to which it pertains. 
 (b) Each grant will specify the Unit Exercise Price, which will be
not less than 100% of the Market Value per Share on the Date of Grant. 
 (c) Successive grants may be made to the same
Participant whether or not any Stock Appreciation Rights previously granted to such Participant remain unexercised. 
 (d)
Each grant will specify the term of the Stock Appreciation Rights, which shall not be greater than five years. 
 (e) Each
grant will specify the required period or periods (if any) of continuous service by the Participant with the Company or any Subsidiary and/or any other conditions to be satisfied before the Stock Appreciation Rights or installments thereof will
become exercisable, and any grant may provide, or may be amended to provide for the earlier exercise of the Stock Appreciation Rights in the event of a Change in Control. 
 (f) Each Stock Appreciation Right granted pursuant to this Section 6 will be subject to the transfer restrictions set forth in
Section 9. 
 (g) Each grant will be evidenced by a stock appreciation right agreement executed on behalf of the Company
by the Chief Executive Officer or Chief Financial Officer (or another officer designated by the Board of Directors or the Stock Option Committee) and delivered to the Participant and containing such further terms and provisions, consistent with the
Plan, as the Committee may approve. 
 7. Stock Appreciation Rights - Exempt Grants. The Special Stock Option Committee may from
time to time authorize grants of Stock Appreciation Rights to any Participant upon such terms and conditions as such Committee may determine in accordance with the provisions set forth below. Grants made pursuant to this Section 7 are intended
to comply with and otherwise satisfy the requirements of Rule 16b-3. To the extent that (i) any provision of the Plan applicable to a Stock Appreciation Right granted pursuant to this Section 7, or (ii) any act of the Board, Stock
Option Committee or Special Stock Option Committee would cause such Stock Appreciation Right to fail to satisfy or comply with any requirements of Rule 16b-3, such provision or act will be deemed null and void for purposes of such Stock
Appreciation Right. 
 (a) Each grant will specify the number of Units to which it pertains. 
 (b) Each grant will specify the Unit Exercise Price, which will be not less than 100% of the Market Value per Share on the Date of Grant.

 (c) Successive grants may be made to the same Participant whether or not any Stock
Appreciation Rights previously granted to such Participant remain unexercised. 
 (d) Each grant will specify the term of the
Stock Appreciation Rights, which shall not be greater than five years. 
 (e) Each grant will specify the required period or
periods (if any) of continuous service by the Participant with the Company or any Subsidiary and/or any other conditions to be satisfied before the Stock Appreciation Rights or installments thereof will become exercisable, and any grant may provide,
or may be amended to provide for the earlier exercise of the Stock Appreciation Rights in the event of a Change in Control. 
 (f) Each Stock Appreciation Right granted pursuant to this Section 7 will be subject to the transfer restrictions set forth in Section 9. 
 (g) Each grant will be evidenced by a stock appreciation right agreement executed on behalf of the Company by the Chief Executive Officer
or Chief Financial Officer (or another officer designated by the Board of Directors or by the Special Stock Option Committee) and delivered to the Participant and containing such further terms and provisions, consistent with the Plan, as the
Committee may approve. 
 8. Stock Options for Nonemployee Directors. This Section 8 shall become activated and shall be
effective immediately following the close of the initial public offering of the Common Stock by the Company (the “IPO”). Thereafter, each Nonemployee Director in office at that time will be granted a Stock Option as of the first business
day following the close of the IPO, and each Nonemployee Director thereafter newly elected or appointed to the Board will be granted a Nonqualified Stock Option effective upon his or her initial election or other appointment to the Board, to
purchase 2000 shares of Common Stock. Each Nonemployee Director will also be granted an additional Nonqualified Stock Option to purchase 1000 shares of Common Stock as of the last day of each fiscal quarter following his or her initial option grant
under this Section 8, beginning on the last day of the first complete fiscal quarter following such date, provided that such individual has served continually as a Nonemployee Director through the close of business on such date. Each grant will
specify the Option Price, which will not be less than 100% of the Market Value on the Date of Grant. All Stock Options granted pursuant to this Section 8 will contain the terms and conditions set forth in paragraphs (a), (d), (e), (f), (g),
(h) and (i) of Section 4. Stock Options granted pursuant to this Section 8 are intended to comply with and otherwise satisfy the requirements of Rule 16b-3. To the extent that (i) any provision of the Plan applicable to a
Stock Option granted pursuant to this Section 8, or (ii) any act of the Board, Stock Option Committee or Special Stock Option Committee would cause such Stock Option to fail to satisfy or comply with any requirements of Rule 16b-3, such
provision or act will be deemed null and void for purposes of such Stock Option. 
 9. Transferability. Except as otherwise expressly
provided in the agreement evidencing a Stock Option or a Stock Appreciation Right, or in any amendment to such agreement, no Stock Option or Stock Appreciation Right will be transferable by a Participant other than by will or the laws of descent and
distribution, and during the lifetime of the Participant may be exercised only by the Participant. 
 10. Adjustments. The Board or
the Stock Option Committee, with respect to Stock Options granted under Section 4 or Stock Appreciation Rights granted under Section 6, and the Board or the Special Stock Option Committee, with respect to Stock Options granted under
Section 5 or Stock Appreciation Rights granted under Section 7, may make or provide for such adjustments in the maximum number of shares of Common Stock or Units specified in Section 3, in the number of shares of Common Stock or Units
covered by outstanding Stock Options or Stock Appreciation Rights granted hereunder, in the Option Price or Unit Exercise Price, applicable to any such Stock Options or Stock Appreciation Rights and/or in the kind of shares or Units covered thereby
(including shares of another issuer), as the Board or such Committee in its sole discretion, exercised in good faith, may determine is 

 equitably required to prevent dilution or enlargement of the rights of Participants that otherwise would result from any
stock dividend, stock split, combination of shares, recapitalization or other change in the capital structure of the Company, merger, consolidation, spin-off, reorganization, partial or complete liquidation, issuance of rights or warrants to
purchase securities or any other corporate transaction or event having an effect similar to any of the foregoing. Any fractional shares resulting from the foregoing adjustments will be eliminated with respect to Stock Options, but not with respect
to Stock Appreciation Rights. 
 11. Withholding of Taxes. To the extent that the Company is required to withhold federal, state,
local or foreign taxes in connection with any benefit realized by a Participant under the Plan, and the amounts available to the Company for such withholding are insufficient, it will be a condition to the realization of such benefit that the
Participant make arrangements satisfactory to the Company for payment of the balance of such taxes required to be withheld. In addition, if permitted by the Stock Option Committee, with respect to Stock Options granted under Section 4, or by
the Special Stock Option Committee, with respect to Stock Options granted under Section 5, an optionee may elect to have any withholding obligation of the Company satisfied with shares of Common Stock that would otherwise be transferred to the
optionee on exercise of the Stock Option. 
 12. Administration of the Plan. 
 (a) The Plan will be administered by the Stock Option Committee with respect to Stock Options granted under Section 4 and with
respect to Stock Appreciation Rights granted under Section 6 and by the Special Stock Option Committee with respect to Stock Options granted under Section 5 and with respect to Stock Appreciation Rights granted under Section 7. For
purposes of any action taken by the Stock Option Committee or the Special Stock Option Committee, whichever is applicable, a majority of the members will constitute a quorum, and the action of the members present at any meeting at which a quorum is
present, or acts unanimously approved in writing, will be the acts of such Committee. The Board of Directors as a whole shall administer the Plan with respect to Stock Options granted under Section 8. 
 (b) Subject to the allocation of administrative responsibilities set forth in Section 12(a), the Stock Option Committee and the
Special Stock Option Committee have the full authority and discretion to administer the Plan and to take any action that is necessary or advisable in connection with the administration of the Plan, including without limitation the authority and
discretion to interpret and construe any provision of the Plan or of any agreement, notification or document evidencing the grant of a Stock Option or Stock Appreciation Right. The interpretation and construction by the Stock Option Committee, the
Special Stock Option Committee or the Board of Directors, as applicable, of any such provision and any determination by the respective Committee pursuant to any provision of the Plan or of any such agreement, notification or document will be final
and conclusive. No member of the Board or of either Committee will be liable for any such action or determination made in good faith. 
 (c) Notwithstanding the provisions of Section 12(b), if any authority, discretion or responsibility granted to the Special Stock Option Committee under the Plan would, if exercised or discharged by the Special
Stock Option Committee, cause the provisions of Section 5 or any Stock Option granted under Section 5 to fail to satisfy the requirements of Rule 16b-3, such authority, discretion or responsibility may be exercised by the Board to the same
extent and with the same effect as if exercised by the Special Stock Option Committee; provided, however, that such act of the Board will not cause the provisions of Sections 5 or 7, any Stock Option granted under Section 5 or any Stock
Appreciation Right granted under Section 7 to fail to satisfy the requirements of Rule 16b-3 or cause any member of the Special Stock Option Committee to cease to be a disinterested administrator for purposes of Rule 16b-3. 

 13. Amendments, Etc. 
 (a) The Stock Option Committee, or the Special Stock Option Committee, as applicable, or the Board of Directors as to grants under
Section 8, may, without the consent of the Participant, amend any agreement evidencing a Stock Option or Stock Appreciation Right granted under the Plan, or otherwise take action, to accelerate the time or times at which the Stock Option or
Stock Appreciation Right may be exercised, to extend the expiration date of such Stock Option or Stock Appreciation Right, to waive any other condition or restriction applicable to such Participant or to the exercise of such Stock Option or Stock
Appreciation Right, to reduce the exercise price of such Stock Option or Stock Appreciation Right, to amend the definition of a Change in Control to expand the events that would constitute a Change in Control, even if such definition may be
different from that contained in the Plan, and may amend any such agreement in any other respect with the consent of the Participant. 
 (b) The Plan may be amended from time to time by the Stock Option Committee or the Board but may not be amended without further approval by the shareholders of the Company if such Plan amendment would result in any
grant or other transaction with respect to Stock Options under Section 5 or Stock Appreciation Rights under Section 7 no longer satisfying the requirements of Rule 16b-3. Notwithstanding the foregoing, the provisions of Section 8 that
designate Nonemployee Directors eligible to receive Stock Options and specify the amount, Option Price and timing of Stock Option grants may be amended only by the Board and may be amended no more than once every six months except to comply with
changes in the Code, the Employee Retirement Income Security Act of 1974, as amended, or the rules and regulations thereunder. In the event any law, or any rule or regulation issued or promulgated by the Internal Revenue Service, the Securities and
Exchange Commission, the National Association of Securities Dealers, Inc., any stock exchange upon which the Common Stock is listed for trading, or any other governmental or quasi-governmental agency having jurisdiction over the Company, the Common
Stock or the Plan requires the Plan to be amended, or in the event Rule 16b-3 is amended or supplemented (e.g., by addition of alternative rules) or any of the rules under Section 16 of the Act are amended or supplemented, in either
event to permit the Company to remove or lessen any restrictions on or with respect to Stock Options or Stock Appreciation Rights, the Board of Directors reserves the right to amend the Plan to the extent of any such requirement, amendment or
supplement, and all Stock Options or Stock Appreciation Rights then outstanding will be subject to such amendment. 
 (c) The
Plan may be terminated at any time by action of the Board, but in any event will terminate on the tenth anniversary of the effective date of the Plan. The termination of the Plan will not adversely affect the terms of any outstanding Stock Option or
Stock Appreciation Right. 
 (d) The Plan will not confer upon any Participant any right with respect to continuance of
employment or other service with the Company or any Subsidiary, nor will it interfere in any way with any right the Company or any Subsidiary would otherwise have to terminate a Participant’s employment or other service at any time. 

 

			
	LOGILITY, INC.
		
	By:	 	 /s/ J. Michael Edenfield

	Name:	 	J. Michael Edenfield
	Title:	 	President2005 Restated Deferred Compensation Plan

 EXHIBIT 10.1 
 ELECTRO SCIENTIFIC INDUSTRIES, INC. 
 DEFERRED COMPENSATION PLAN 
 2005 Restatement 
 January 1,
2005 
  

			
	Electro Scientific Industries, Inc.	  	
	an Oregon corporation	  	
	13900 NW Science Park Drive	  	
	Portland, Oregon 97229	  	Company

 TABLE OF CONTENTS 
  

					
	1.	  	 Effective Date; Company; Committee; Plan Year
	  	1
			
	2.	  	 Eligibility
	  	2
			
	3.	  	 Deferral Election
	  	2
			
	4.	  	 Deferred Compensation Account
	  	5
			
	5.	  	 Irrevocable Trust
	  	8
			
	6.	  	 Payment to the Participant
	  	8
			
	7.	  	 Payment to a Beneficiary or a Former Spouse
	  	11
			
	8.	  	 Withdrawals
	  	12
			
	9.	  	 Amendment; Termination
	  	13
			
	10.	  	 Claims Procedure
	  	14
			
	11.	  	 General Provisions
	  	14
		
	Appendix A	  	16

  

 i 

 INDEX OF TERMS 
  

					
	 Bonus
	  	1.4, 3.2(b)	  	2, 3
			
	 CEO
	  	2.1	  	2
			
	 Cash Deferral Election
	  	3.1	  	2
			
	 Code
	  	Preamble	  	1
			
	 Committee
	  	1.3	  	2
			
	 Company
	  	Preamble	  	1
			
	 Compensation
	  	3.2	  	3
			
	 Controlled Group of Corporations
	  	6.1(a)	  	8
			
	 Disability
	  	6.1(a)	  	8
			
	 Employer
	  	1.2	  	2
			
	 Officer
	  	2.1	  	2
			
	 PRSU
	  	3.7	  	4
			
	 Participant
	  	2.2	  	2
			
	 Plan
	  	Preamble	  	1
			
	 Plan Year
	  	1.4	  	2
			
	 RSU
	  	3.7	  	4
			
	 Restricted Stock Unit
	  	3.7	  	4
			
	 Retirement
	  	6.1(b)	  	8
			
	 Salary
	  	3.2(a)	  	3
			
	 Stock
	  	3.7	  	4
			
	 Stock Deferral Election
	  	3.6	  	4

  

 ii 

 Exhibit 10.1 
 ELECTRO SCIENTIFIC INDUSTRIES, INC. 
 DEFERRED COMPENSATION PLAN 
 2005 Restatement 
 January 1,
2005 
  

			
	Electro Scientific Industries	  	
	an Oregon corporation	  	
	13900 NW Science Park Drive	  	
	Portland, Oregon 97229	  	“Company”

 The Company adopted this Deferred Compensation Plan (the “Plan”) effective May 11,
2001, as a nonqualified plan of deferred compensation for Company Officers. The most recent amendment was signed March 12, 2004. The purpose of the Plan is to provide an additional benefit to Company Officers and other select employees as a
means to attract and retain highly effective individuals. 
 Generally effective January 1, 2005, new section 409A of the Internal
Revenue Code (the “Code”) imposed new requirements on nonqualified deferred compensation plans and provided for substantial penalties for noncompliance. Amounts that are deferred under the Plan after December 31, 2004 are subject to
section 409A of the Code and the Plan is intended to comply with section 409A. In order to provide for greater flexibility for earnings credit, to allow deferral of certain stock compensation, and to maintain the intended deferral of compensation
and related deferral of income taxation, the Company amends and restates the Plan, in its entirety, as follows. 
 1. Effective Date; Company; Committee;
Plan Year. 
 1.1 This Restatement is generally effective January 1, 2005. The following special effective
dates and transition provisions apply: 
 (a) No Cash Deferral Elections for Salary were submitted for the Plan Year beginning
approximately June 1, 2004 and ending approximately May 31, 2005. The Plan Year is a calendar year effective January 1, 2005. No Cash Deferral Elections for Salary were submitted for the calendar Plan Years 2005 and 2006. 

(b) Cash Deferral Elections for Bonuses payable for Company fiscal years ending approximately May 31, 2005 and May 31, 2006
must be submitted before the beginning of the Company fiscal year to which the Cash Deferral Election applies. Cash Deferral Elections for Bonuses for Company fiscal years beginning in and after 2006 must be submitted by November 15 of the
calendar year preceding the Plan Year in which the Company fiscal year ends, subject to 3.4(b). 
 (c) Provisions relating to
restricted stock units and Stock are effective for the Plan Year that begins January 1, 2007. Stock Deferral Elections for restricted stock units granted in 2007 must be delivered to the Committee not later than November 15, 2006, subject
to 3.9(b). 
 (d) Participants who deferred Compensation otherwise payable in 2005 or 2006 may elect to change the payment
date or dates for the amounts deferred, subject to the following: 
 (1) A Participant may submit only one election to change
payment dates. The election must be submitted not later than November 15, 2006. 
 (2) The election may specify
different payment dates for different deferred amounts, but the new payment dates must be consistent with the options under Section 6. 

 (3) Elections for payments to be made or to start before 2007 are not eligible for
change. New elections may not provide for any payment to be made before 2007. 
 1.2 The Plan shall apply to the
Company and affiliates of the Company for whom an employee performs services. The term “Employer“ refers to the Company or such affiliate for which such services are performed. Except as provided in 9.1 and 9.2, Company functions or
responsibilities shall be exercised by the chief executive officer of the Company, who may delegate all or any part of those functions. 
 1.3 The Plan shall be administered by the Compensation Committee of the Board of Directors of the Company (the “Committee”). The Committee shall interpret the Plan, determine eligibility and the
amount of benefits, maintain records, determine interest rates and generally be responsible for seeing that the purposes of the Plan are accomplished. The Committee may delegate all or part of its administrative duties to others. 
 1.4 The “Plan Year” of the Plan is a calendar year. The Company’s fiscal year is the 52 or 53 week period ending on
the Saturday nearest May 31. Bonus amounts (a “Bonus”) under the Company’s performance bonus program are determined with respect to the Company’s fiscal year and are generally paid in August after the fiscal year-end.

 1.5 The Plan is intended to be unfunded for purposes of deferring the time of taxation under the Code and for
purposes of constituting an unfunded plan maintained by an employer primarily for the purpose of providing deferred compensation to a select group of management or highly compensated employees under Title I of ERISA. 
 2. Eligibility. 
 2.1 Officers and other employees designated by the chief executive officer of the Company (“CEO”), in the CEO’s discretion, shall be eligible to participate in the Plan. “Officer” means an appointed officer
of the Company whose functions are not merely formal. An employee other than an Officer shall not be initially eligible unless the CEO reasonably expects that the employee will have Salary for the year of not less than $125,000, without regard for
any salary reduction election. 
 2.2 “Participant” means an Officer or other eligible employee who has an
Account under the Plan or who has elected to defer compensation pursuant to Section 3 for any Plan Year. 
 2.3
Participation shall continue until the individual has been paid all amounts in accordance with the Plan. An individual who ceases to be an Officer or who the CEO determines is no longer eligible shall continue to be a Participant, but shall not
elect to defer additional amounts. Any election in effect while the individual is eligible shall remain in effect with respect to the entire Plan Year. 
 3. Deferral Election. 
 3.1 An eligible employee may elect to participate for
each Plan Year by completing a form prescribed by the Committee (a “Cash Deferral Election”), signing it 

  

 2 

 
and returning it to the Committee. The Cash Deferral Election provides for a deferral of Compensation under 3.2. 
 3.2 “Compensation” means the following, without regard for any deferral of compensation under the Plan: 
 (a) Base salary (“Salary”) earned and payable within the Plan Year. 
 (b) Annual Bonus for the fiscal year that ends within the Plan Year. Bonus is intended to be “performance based compensation”
within the meaning of section 409A of the Code and related regulations. Amounts described as “bonus” within the payroll system that are not determined with respect to performance criteria established for the Company’s fiscal year
are not Bonus and are not Salary. 
 3.3 A Cash Deferral Election shall specify the percentage of Salary or Bonus to be
deferred, subject to the following restrictions: 
 (a) A deferral of Salary shall be for a minimum of 10 percent and a
maximum of 50 percent, unless the employee defers none of the Salary. 
 (b) A deferral of Bonus shall be a minimum of
10 percent and a maximum of 100 percent, unless the employee defers none of the Bonus. 
 3.4 To be effective
for a Plan Year, the Cash Deferral Election must be returned before a date established by the Committee and the following apply: 
 (a) The date for submitting a Cash Deferral Election shall be not later than the November 15 before the first day of the Plan Year, except as provided in (c). 
 (b) A Cash Deferral Election submitted by November 15 with respect to Bonus shall apply to Bonus payable with respect to the
Company’s fiscal year that ends in the following Plan Year. An individual who has not performed services continuously from the date on which the Bonus performance criteria for the fiscal year are established may not defer Bonus for the Plan
Year in which the fiscal year ends. 
 (c) An individual under 2.1 who first becomes an employee of an Employer during a Plan
Year may elect to participate for the remainder of the Plan Year by completing, signing, and returning to the Committee a Cash Deferral Election within 30 days after becoming an employee. The Cash Deferral Election shall apply to the
Participant’s elected percentage of Salary for the Plan Year payable after the end of the pay period in which the Cash Deferral Election is received by the Committee. 
 (d) An individual who first becomes an employee during a Plan Year may not elect to participate with respect to Bonus payable in the Plan
Year. An individual who first becomes an employee after November 15 of a Plan Year may not elect to participate with respect to Bonus payable in the following Plan Year. 
  

 3 

 (e) The Committee may determine that an employee is ineligible to elect a deferral of
Bonus if the Committee determines that the timing of the election does not comply with requirements of section 409A of the Code. If the Committee determines that the Officer is not eligible, any attempted deferral of Bonus shall be void.

 3.5 Subject to stopping elective deferrals for the remainder of a year under 8.2, Cash Deferral Elections shall be
irrevocable as follows: 
 (a) An election made before the start of a Plan Year shall be irrevocable as of the
November 15 before the Plan Year. 
 (b) An election made during a Plan Year shall be irrevocable when received by the
Committee. 
 3.6 An eligible employee may elect to participate with respect to restricted stock units by completing a
form prescribed by the Committee (a “Stock Deferral Election”), signing it and returning it to the Committee. The Stock Deferral Election provides for the deferral of compensation under a restricted stock unit to a time later than the time
the restricted stock unit vests or is otherwise payable. 
 3.7 A “restricted stock unit” means a restricted
stock unit granted under the Company’s 2004 Stock Option Incentive Plan, subject to the following: 
 (a) A restricted
stock unit (“RSU”) is payable in a share of Company common stock (“Stock”), subject to vesting. 
 (b) A
performance based restricted stock unit (“PRSU”) is payable in a number of shares of Stock that is a multiple of the units granted. The multiplier is determined after the end of a performance measurement period applicable to the unit. The
multiplier may be less than one and may be zero. 
 3.8 The Stock Deferral Election shall specify the restricted stock
units that are subject to the Stock Deferral Election and the number of shares of Stock represented by the restricted stock units that are subject to the Stock Deferral Election in accordance with procedures adopted by the Committee. Fractional
shares shall be disregarded. An election must cover a minimum of 10 percent of the shares represented by the restricted stock units granted to the Participant as of a certain date, without regard for the multiplier applicable to PSRUs. 

3.9 To be effective for a Plan Year, the Stock Deferral Election must be returned before a date established by the Committee and
the following shall apply: 
 (a) The date for submitting a Stock Deferral Election shall not be later than the
November 15 before the first day of the Plan Year, except as provided in (b). 
 (b) An individual under 2.1 who first
becomes an employee of an Employer during a Plan Year may elect to defer restricted stock units granted in the Plan Year by completing, signing and returning to the Committee a Stock Deferral Election within 30 days after becoming an employee. A
Stock Deferral Election 

  

 4 

 
may not be returned on or after the date that restricted stock units are granted to the participant in the Plan Year. 
 (c) The Stock Deferral Election shall be irrevocable upon delivery to the Committee. 
 3.10 Employer shall reduce the Participant’s Salary and Bonus by the amounts deferred under a Cash Deferral Election and shall
credit such amounts to the Participant’s Account under Section 4. Taxes under Chapter 21 of the Code (“FICA taxes”) due on a Participant’s deferred Salary and Bonus shall be withheld from the Participant’s
remaining nondeferred compensation. If the Participant has no remaining nondeferred compensation for timely payment of FICA taxes, the Participant shall pay cash to the Employer in an amount sufficient to cover the FICA tax due. 
 3.11 Employer shall credit the number of shares of Stock specified under the Stock Deferral Election to the Participant’s
Account under section 4. Employer shall adjust the number of phantom shares that are subject to a multiplier by application of the multiplier as provided in the related PSRU, except fractional shares remaining after aggregating the adjusted phantom
shares shall be disregarded. The Participant shall not receive compensation with respect to RSUs or PRSUs covered by Stock Deferral Elections for income tax purposes upon the vesting of an RSU or the determination or application of a multiplier for
a PRSU. The value of the shares of Stock reflected as phantom shares shall be treated as wages for purposes of FICA taxes as follows: 
 (a) Phantom shares shall be treated as wages at the time the shares are no longer subject to a substantial risk of forfeiture. Shares relating to a PRSU are considered to be subject to a substantial risk of forfeiture
until the multiplier is determined. If the number of shares is subject to a multiplier, the number of shares treated as wages shall be the product of the number of shares granted times the multiplier. 
 (b) Related earnings, if any, shall be treated as wages when they are no longer subject to a substantial risk of forfeiture. Earnings
credit on amounts that have been treated as wages before the effective date of the earnings credit shall not be treated as wages. 
 4.
Deferred Compensation Account. 
 4.1 An Account shall be maintained for each Participant on the books of the
Company until full payment has been made to the Participant or Beneficiaries under Sections 5 and 6 and the following shall apply, subject to Section 5: 
 (a) The Committee shall maintain such subaccounts under each Account as may be necessary to give effect to the Participant’s
elections concerning time and form of payment, to proper earnings credit, to multipliers for PRSUs, and to any other terms of the Plan that may affect the balance of the Account. 
 (b) The Company shall not be obligated to set aside or earmark any funds or Stock for the Account, which shall be purely a bookkeeping
device. 
 (c) All amounts of deferred compensation under this Plan shall remain at all times the unrestricted assets of the
Company, and the promise to pay the deferred amounts shall at all times remain unfunded as to the Participants and Beneficiaries. 
  

 5 

 (d) All payments to Participants and Beneficiaries under the Plan shall be charged
against Account and subaccount balances and guideline investments and phantom shares of Stock ratably, except amounts described in 8.1(b) shall be charged last for any distribution other than a distribution under 8.1(b). Forfeiture of phantom shares
of Stock shall be charged against only the phantom shares. 
 4.2 The Account of each Participant shall be adjusted by
adding credit for deferrals under Section 3 and credit for additional phantom shares of Stock after application of a multiplier as provided in 3.11. Deferred shares of Stock under Section 3 shall be credited as whole phantom shares. Cash
amounts shall be credited as soon as practicable after the date the amount would have been paid if not deferred. Shares of deferred Stock shall be credited as soon as practicable after receipt of a Stock Deferral Election whether or not the number
of shares is subject to later adjustment because of determination of a multiplier. If application of a multiplier would cause credit of fractional phantom shares, the fractional phantom shares shall be recorded, maintained and aggregated with other
fractional phantom shares, but fractional phantom shares remaining after aggregation shall be disregarded for payment and no other payment shall be made with respect to fractional phantom shares. 
 4.3 Subject to 4.4, the Company shall credit earnings to each Participant’s Account, based on guideline investment earnings,
until the entire Account has been paid out, as follows: 
 (a) The Committee shall establish guideline investment funds for
amounts other than Stock with investment objectives fixed by the Committee, and may change the funds in its discretion. The guideline funds may parallel funds or other investments available under any insurance policy or policies purchased by the
Company in connection with the Plan, funds available under any irrevocable trust established under Section 6 or other investment indexes established from time to time by the Committee, but neither the Company nor a trustee shall have any
obligation to invest any amounts in any guideline fund. A guideline fund shall not be composed substantially of Stock. 
 (b)
Until the Committee establishes other investment guidelines and applicable procedures, the Company shall continue to credit earnings to each Participant’s Account at a rate equal to the prime rate of interest published by The Wall Street
Journal on the last business day preceding the Plan Year, plus one percentage point. Interest shall be compounded annually. 
 (c) Each Participant shall, under procedures established by the Committee, elect among available guideline funds for credit of earnings for the Participant’s Account under this Plan. In the absence of a proper election, a guideline
fund designated by the Committee will be used. Participant elections may be changed at such times and subject to such limits as may be fixed by the Committee. 
  

 6 

 (d) The Committee shall credit Accounts in accordance with earnings (which may be
negative) of the elected guideline funds in accordance with procedures established by the Committee. 
 4.4 Amounts
recorded as phantom shares of Stock shall not be subject to 4.3 and the following shall apply: 
 (a) A phantom share of Stock
shall be subject to the same forfeiture and vesting provisions that applied to the related restricted stock unit. A phantom share relating to a PRSU shall have the same performance multiplier as applied to the related PRSU, based on the same
performance criteria as the related PRSU. 
 (b) Generally, phantom shares of Stock will continue to be recorded in shares of
Stock. Phantom shares of Stock shall be adjusted to reflect any reorganization, Stock split or combination, dividend or distribution on the Stock, or other event affecting the Stock, as the Committee shall determine. Generally, if the adjustment or
dividend would have been paid or recorded in Stock outside of the Plan, the credit to the Account shall be the same number of phantom shares as the number of shares of Stock outside of the Plan. Subject to (c), if the adjustment or dividend would
have been paid or recorded in cash outside of the Plan, the amount shall be credited in dollars to the Participant’s Account that is subject to 4.3 and treated as invested in guideline funds in accordance with the Participant’s most recent
investment election. If the Participant has not elected guideline investments, the guideline fund designated by the Committee under 4.3 shall apply. 
 (c) Phantom shares of Stock shall be credited with additional phantom shares of Stock in place of dollars under (a) for cash dividends, distributions or other payments of cash applicable to actual shares of Stock
if the record date is before the following: 
 (1) For phantom shares related to RSUs, the date phantom shares have vested.

 (2) For phantom shares related to PRSUs, the date the number of shares has been determined by application of the
performance multiplier under the related PRSUs. 
 The additional phantom shares representing earnings or payments shall be subject to
forfeiture under the same terms as the phantom shares that were credited with the earnings or payments 
 (d) The Committee
shall determine the adjustments and credits under (b) and (c) with reference to the terms of the restricted stock units deferred under the Plan and in a manner that does not provide for duplicative credits of amounts representing earnings
on the restricted stock units or phantom shares of Stock or for acceleration of vesting of earnings amounts relative to the principal amounts deferred. 
 (e) Fractional phantom shares shall be recorded, maintained, and aggregated with respect to adjustments and earnings credits, but fractional shares 

  

 7 

 
remaining after aggregation shall be disregarded for payment and no other payment shall be made with respect to fractional shares. 
 5. Irrevocable Trust. 
 5.1 The Company may, but shall not be required to, establish an irrevocable trust to cover certain liabilities to Participants, and may transfer cash or other property to such a trust. For example, the Company may choose not to cover
liabilities related to certain Participants or not to transfer cash or other property to the trust with respect to all liabilities. 
 5.2 The Company may issue or transfer Stock to a trust under 5.1. 
 5.3 If the Company creates a trust
under 5.1, assets transferred to the trust shall be invested as follows: 
 (a) Investment of such assets shall be at the
absolute discretion of the Committee, the trustee, or both on a shared basis, as provided in the trust. Neither the Company nor the trustee shall be required to invest in such funds in accordance with Participants’ elections under 4.3 (c). The
Company and the trustee may, however, choose, in their discretion, to invest in the elected guideline funds in accordance with the elections. 
 (b) The guideline investment funds under 4.3 shall be solely for measuring the amount of earnings credits to Accounts. 
 5.4 The trust under 5.1 shall be a grantor trust and all assets held in trust shall be assets of the Company subject to the trust terms. All assets of the trust shall at all times be subject to the claims of
creditors of the Company in circumstances described in the trust. Participants will not receive a priority interest in the trust assets ahead of such creditors and Participants shall have no interest in any particular trust asset. Participants’
interests in the trust will be governed by the trust terms at all times. 
 5.5 The trust terms may provide that the
assets of the trust may be used to pay amounts with respect to certain Accounts or subaccounts and not others, subject to claims of creditors. 
 6. Payment to the Participant. 
 6.1 Deferred Salary and Bonus and related earnings credit based on
the Participant’s Account shall be payable in cash, and phantom shares of Stock shall be payable in whole shares of Stock, upon a Termination of the Participant and as provided in 6.5 and the following shall apply: 
 (a) “Termination” means a termination of all the Participant’s employment with the controlled group of corporations, as
defined in Section 1563(a) of the Code, of which the Company is a member. Disability shall be a Termination. A Participant is disabled if the Committee determines that any of the following apply: 
 (1) The Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or 

  

 8 

 
mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months. 
 (2) The Participant is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or
can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Employer. 
 (3) The Social Security Administration has determined the Participant to be totally disabled. 
 (b) If the Termination is a Retirement, the benefit shall be paid to the Participant in the form determined under 6.2.
“Retirement” means a Termination when the Participant is age 65 or over or when the Participant is age 55 or over and has at least five Years of Service. “Years of Service” shall be determined as provided for vesting under the
ESI Employee Savings Plan except that the minimum number of Hours of Service shall apply only to employees. 
 (c) If
(b) does not apply, the benefit shall be equal to the balance of the Participant’s Account and shall be paid to the Participant in a lump sum within 60 days following the date of Termination, subject to 6.6 and 6.7. 
 (d) Employer may delay any payment to the extent that Employer anticipates that Employer’s deduction with respect to the payment
would be limited or eliminated by application of section 162(m) of the Code. A delayed payment will be made at the earliest date the Employer reasonably anticipates that the deduction of the payment will not be limited or eliminated by application
of section 162(m) of the Code. 
 6.2 The deferred compensation payable upon Retirement shall be an amount equal to the
Participant’s Account, payable as follows, as elected by the Participant in writing on a form provided by the Committee, subject to 6.6 and 6.7: 
 (a) A lump sum payable in the January following the Participant’s Retirement. 
 (b) Five
substantially equal annual installments commencing in the January following the Participant’s Retirement. 
 (c) Ten
substantially equal annual installments commencing in the January following the Participant’s Retirement. 
 6.3 A
Participant’s election under 6.2 shall be submitted at the same time as the Participant’s first deferral election under Section 3. The election shall apply to the entire Account of the Participant, including subsequent deferrals and
earnings credit, subject to 6.5. 
  

 9 

 6.4 A Participant may change an election under 6.2 once as follows: 
 (a) The election must be submitted to the Committee at least 12 months before the applicable payment date under 6.2. 
 (b) An election under 6.2 for payment under 6.2(a) may be changed to provide for either of the following: 
 (1) Payment in a lump sum payable in a February that is at least 5 years, but not more than 10 years, after the date in 6.2(a).

 (2) Payment in five substantially equal annual installments commencing in the February that is five years after the
January described in 6.2(a), with subsequent installments in Januaries. 
 (c) An election for payment under 6.2(b) may be
changed to provide for either of the following: 
 (1) Payment in a lump sum in the February that is five years after the
January described in 6.2(b). 
 (2) Payment in five substantially equal annual installments commencing in the February that
is five years after the January described in 6.2(b), with subsequent installments in Januaries. 
 6.5 A Participant
may elect with respect to deferrals of Compensation for any Plan Year to have all amounts deferred for the Plan Year, plus related earnings credit, paid in a Plan Year specified by the Participant. A Participant may make a separate election with
respect to a deferral of Stock. The following shall apply: 
 (a) The Participant shall specify in the Deferral Election under
3.1 or 3.8 for the Plan Year a date for payment subject to the following: 
 (1) The date for payment may not be earlier than
the third anniversary of the beginning of the Plan Year to which the election applies. 
 (2) If the deferral relates to
restricted stock units, the date may not be earlier than the last date that the phantom shares of Stock will vest or be determined according to performance criteria, without taking into account any provisions of the restricted stock unit for
acceleration of vesting upon specified events. 
 (3) The date may not be later than the January of the year in which the
Participant would attain age 65. 
 (b) Payment shall be made in a lump sum as soon as practicable either within 30 days after
the specified payment date or after the specified payment date but in the same calendar year as the specified payment date. 
  

 10 

 (c) If the Participant has a Termination before the payment date, whether or not the
Termination constitutes a Retirement, the amount shall be paid at the time provided in 6.1(c). 
 6.6 Payment on
account of Termination, including Retirement, may not start or be made to a Participant who is a “key employee” as defined in Section 416(i) of the Code, without regard to Section 416(i)(5) of the Code, before the date which is
six months after the date of Termination. Disability shall not be a Termination for purposes of this 6.6. The Committee may determine that a Participant is a key employee in the event of doubt or to avoid impractical efforts or expense to make an
exact determination of key employees. A Participant shall have no claim, rights or remedy if the determination is not correct. 
 (a) If the Participant terminates service because of death or if the Participant dies before or within the six months, benefits shall be paid as soon as practicable after death, except as provided in 7.1(a). If an installment payment is
delayed because of this provision, the installment shall be paid as soon as practicable after six months; later installments shall be made in accordance with the original schedule and shall not be affected. 
 (b) If the Participant has specified a payment date under 6.5 and the specified payment date is within the six months, payment shall be
made in accordance with 6.5. 
 6.7 If shares of Stock are payable in connection with phantom shares that are subject
to a multiplier and the number of shares actually payable has not been determined at the date scheduled for payment the following shall apply: 
 (a) If benefits are payable in a lump sum, the shares shall be paid within 90 days after the applicable multiplier has been determined. 
 (b) If benefits are payable in installments, the shares subject to a multiplier shall be disregarded for purposes of calculating the
amount of the installment, but shall be included for purposes of calculating the amount of installments payable on or after the date the multiplier is applied. 
 6.8 The Employer shall withhold from benefit payments to the Participant any amount required by law. 
 7. Payment to a Beneficiary or a Former Spouse. 
 7.1 Upon the Participant’s death, a benefit equal to the Participant’s Account shall be paid in cash and shares of Stock, as applicable, to the Participant’s Beneficiary in one of the following
ways: 
 (a) If the Participant had started payments in installments, payments shall continue in accordance with the
Participant’s election. 
 (b) If (a) does not apply, by a lump sum within 60 days after the Participant’s
death, subject to 6.7. 
  

 11 

 7.2 “Beneficiary” means the person or persons named by the Participant
in the most recent designation filed by the Participant with the Committee. If the Participant was married at the time a designation of a spouse Beneficiary was made and is no longer married to that spouse at the time of death, the benefit shall be
paid as though the former spouse predeceased the Participant unless the Participant files a new beneficiary designation after divorce that names the former spouse as beneficiary. If no Beneficiary has been designated or all designated Beneficiaries
have died prior to the Participant’s death, the Beneficiary shall be determined in the following order of priority: 
 (a) The Participant’s surviving spouse. 
 (b) The Participant’s surviving children in equal shares.

 (c) The Participant’s surviving parents in equal shares. 
 (d) The Participant’s estate. 
 7.3 If a Beneficiary dies after the Participant and before the entire benefit of the Beneficiary has been paid, it shall be paid in a lump sum as soon as practicable to the estate of the deceased Beneficiary.

 7.4 Payments may be made to a spouse or former spouse in connection with a divorce in accordance with a qualified
domestic relations order as defined in section 206(d)(3) of ERISA and procedures adopted by the Committee. 
 8. Withdrawals.

 8.1 A Participant or, after the Participant’s death, the Participant’s Beneficiary may elect to be
paid the entire Account balance in a lump sum in cash at any time before the Account would otherwise be payable, subject to the following: 
 (a) Ten percent of the payment shall be forfeited as a penalty for early withdrawal. 
 (b)
The provisions of 8.1 are applicable only to amounts that were credited to a Participant’s account as of December 31, 2004 (and subsequent related earnings credits) with respect to services performed before January 1, 2005, pursuant
to the terms of the Plan in effect on October 3, 2004, and such amount shall constitute the “entire Account balance” eligible for payment. 
 (c) The provisions of 8.1 are not applicable to Participants who are eligible under 1.1(a) to change elections, whether or not the Participant actually changes an election. 
 8.2 A Participant or, after the Participant’s death, the Participant’s Beneficiary may be paid amounts up to
100 percent of the vested Account balance because of Unforeseeable Emergency, as determined by the Committee, before those amounts otherwise would have been paid. The payment shall be a lump sum in cash and shall be limited to the amount
reasonably necessary to satisfy the emergency need, including amounts necessary to pay federal, state and local income taxes or penalties as reasonably anticipated to result from the payment. “Unforeseeable Emergency” means a severe
financial hardship to the extent the hardship cannot be relieved through reimbursement or 

  

 12 

 
compensation from insurance or otherwise, by liquidation of the recipients’ assets (to the extent liquidation would not cause severe financial
hardship), by cessation of deferrals under the Plan, or from other reasonably available resources and is caused by one or more of the following: 
 (a) Illness or accident of the Participant or Beneficiary, or the spouse or dependent (as defined in section 152(a) of the Code) of the Participant or Beneficiary. 
 (b) Loss of or damage to a Participant’s or Beneficiary’s possessions or property due to casualty, including the need to rebuild
a home following damage to the home that is not covered by insurance. 
 (c) Other similar extraordinary and unforeseeable
circumstances arising from events beyond the Participant’s or Beneficiary’s control. 
 8.3 The Committee
shall establish guidelines and procedures for implementing withdrawals. An application shall be written, be signed by the Participant or Beneficiary, and include a statement of facts concerning the financial hardship, if applicable, and any other
facts required by the Committee. 
 9. Amendment; Termination. 
 9.1 The Board of Directors of the Company may amend this Plan effective the first day of any month by notice to the Participants.
The CEO may amend the Plan to make technical, administrative or editorial changes on advice of legal counsel to comply with applicable law or to clarify the Plan. No amendment may reduce the value of guideline investment funds or phantom shares of
Stock credited to any Account as of the valuation date immediately preceding the effective date of the amendment. No Participant shall have any rights to particular guideline investment funds or to have Accounts recorded in phantom shares. If the
amendment ceases the deferral of compensation, but is not a termination under 9.2, the following shall apply: 
 (a) Deferral
credit shall continue in accordance with elections until the end of the Plan Year. 
 (b) Earnings credit shall continue in
accordance with the provisions of the Plan, as amended. 
 9.2 The Board of Directors of the Company may terminate the
Plan and provide for payment of amounts under all Accounts as follows: 
 (a) No payments other than payments that would be
payable if the termination had not occurred will be made within 12 months of the termination of the Plan. 
 (b) All payments
shall be made within 24 months of the termination of the Plan. 
 (c) Any amendments to the Plan in connection with
termination shall not reduce amounts credited to Accounts, and earnings credit shall continue pending full payment. 
  

 13 

 9.3 If the Company or the Internal Revenue Service determines that any amount
deferred under this Plan will be included in income because of section 409A of the Code prior to the time the amount is otherwise payable, the amount shall be paid to the Participant as soon as practicable. 
 10. Claims Procedure. 
 Any person
claiming a benefit or requesting an interpretation, ruling or information under the Plan shall present the request in writing to the Committee, and the procedures provided in Appendix A shall apply. The Committee may amend the procedures.

 11. General Provisions. 
 11.1 If suit or action is instituted to enforce any rights under this Plan, the prevailing party may recover from the other party reasonable attorneys’ fees at trial and on any appeal. 
 11.2 Any notice under this Plan shall be in writing and shall be effective when actually delivered or, if mailed, when deposited as
first class mail postage prepaid. Mail shall be directed to the Company at the address stated in this Plan, to the Participant’s last known home address shown in the Company’s records, or to such other address as a party may specify by
notice to the other parties. Notices to an Employer or the Committee shall be sent to the Company’s address. Electronic notice is effective if expressly provided in the Plan. 
 11.3 The rights of a Participant under this Plan are personal. Except for the limited provisions of Sections 7 and 8 no
interest of a Participant or one claiming through a Participant may be directly or indirectly assigned, transferred or encumbered and no such interest shall be subject to seizure by legal process or in any other way subjected to the claims of any
creditor. A Participant’s rights to benefits payable under this Plan are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge or encumbrance, except as provided in 7.4. Such rights shall not be subject to
the debts, contracts, liabilities, engagements or torts of the Participant or a Beneficiary. 
 11.4 Amounts payable
under this Plan shall be a general obligation of the Company and paid out of its general assets. If an Employer merges, consolidates, or otherwise reorganizes or if its business or assets are acquired by another company, this Plan shall continue
with respect to those eligible individuals who continue in the employ of the successor company. The transition of Employers shall not be considered a termination of employment for purposes of this Plan. In such an event, however, a successor
corporation may terminate this Plan as to its Participants on the effective date of the succession by notice to Participants within 30 days after the succession. 
 11.5 The Committee may decide that because of the mental or physical condition of a person entitled to payments, or because of
other relevant factors, it is in the person’s best interest to make payments to others for the benefit of the person entitled to payment. In that event, the Committee may in its discretion direct that payments be made as follows: 
 (a) To a parent or spouse or a child of legal age; 
 (b) To a legal guardian; or 
 (c) To one furnishing maintenance, support, or hospitalization. 
  

 14 

									
	Company	 		 	ELECTRO SCIENTIFIC INDUSTRIES, INC.
					
		 		 		 	 By:
	 	 /s/ Kerry L. Mustoe

		 		 		 		 	 Signature

				
		 		 		 	 Kerry L. Mustoe

		 		 		 	 Print or type name

				
		 		 		 	 Date signed: August 16, 2006

  

 15 

 Appendix A 
 to 
 Electro Scientific Industries, Inc. 
 Deferred Compensation Plan 
 Claims Procedure 
  

	1.	Filing a Claim. 

 If you claim a benefit or have a
question about the Plan, you should contact the Vice President, Human Resources, as representative of the Committee. Most claims and questions will be resolved informally. If you wish to present a formal claim, put it in writing and give it to the
representative to forward to the Committee Chair, who will respond as soon as practicable, but not later than 90 days after receipt of your claim unless the Plan gives written notice before the end of the 90-day period that additional time is
required. The notice will explain the special circumstances that require additional time and the expected date of the response. The extension will not be more than an additional 90 days. 
 If an extension is necessary to obtain information from you, the extension period may be further extended by the amount of time you take to provide the
specified information. 
 You may have a representative to assist you or to conduct the claim, and review of any denial, for you. The
Committee Chair may require that you notify the Committee Chair in writing about your authorization of a representative. 
 Determinations
about your claim will be based on and in accordance with plan documents and will be applied consistently with respect to similarly situated Participants and beneficiaries. 
  

	2.	Claim Denial. 

 If your claim is denied, the
Committee Chair will notify you in writing. The notice will state the following: 
  

	 	(a)	The specific reasons for the denial. 

  

	 	(b)	Reference to the relevant Plan provisions. 

  

	 	(c)	A description of additional material or information that is needed and an explanation of why the material or information is needed. 

  

	 	(d)	A description of the Plan’s review procedures and your right to bring a civil action under section 502(a) of the Employee Retirement Income Security Act of 1974 (ERISA) if
your claim is also denied after review. 

 If your claim involves benefits upon disability, you will be notified if any
internal rule, guideline, protocol or other similar criterion was relied upon in the decision to deny your claim, and that you may have a copy of any such rule, guideline, protocol or other criterion free of charge upon request. 
  

 16 

	3.	Review of Claim Denial. 

 If you make a claim and it
is denied, you may ask for review by written notice to the Committee. If your claim is denied, you must request review in writing within 60 days. If you fail to request review of a denied claim within the applicable deadline, you will lose
your right to bring an action in court. The full Committee will review the matter and may grant you a hearing, but is not required to. The following apply in connection with the review: 
  

	 	(a)	You may submit written comments, documents, records and other information. 

  

	 	(b)	Upon your request, you will be provided, without charge, reasonable access to, and copies of, all documents, records and other information relevant to your claim.

  

	 	(c)	If your claim involves a determination of disability, upon your request, you will be provided with the identity of medical or vocational experts who advised the Plan, whether or not
the advice was relied upon in deciding to deny your claim. 

  

	 	(d)	The review will consider all aspects of your claim and all comments, documents, records and other information that you submit, whether or not you raised the issues or submitted such
information when your claim was originally considered. 

  

	4.	Decision Upon Review. 

 The decision on review will
be made within 60 days after receipt of your request for review in most cases. If there is a hearing or other special reason for delay, you will be so notified in writing or by electronic notice within the initial 60-day period and the time
limit will be 120 days. The notice of any extension will explain the special circumstances that require additional time and the expected date of the decision upon review. If an extension is necessary to obtain information from you, the
extension period may be further extended by the amount of time you take to provide the information. 
 The Committee’s decision will be
provided in writing and will be final and bind all parties. An adverse determination will state the following: 
  

	 	(a)	The specific reasons for the determination. 

  

	 	(b)	Reference to relevant Plan provisions. 

  

	 	(c)	A reminder that you are entitled to access to and copies of all documents, records and information relevant to your claim upon request and without charge. 

 

	 	(d)	A reminder that you may bring a civil action under section 502(a) of ERISA. 

  

 17

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