Document:

Exhibit 10.1 - 2014 Short-Term Incentive Compensation Plan

Exhibit 10.1
DUPONT FABROS TECHNOLOGY, INC.
SHORT TERM INCENTIVE COMPENSATION PLAN
The DuPont Fabros Technology, Inc. Short Term Incentive Compensation Plan (the “STIP”) was adopted on February 12, 2014 by the Compensation Committee of the Board of Directors (the “Committee”) of DuPont Fabros Technology, Inc., a Maryland corporation (the “Company”), to provide annual cash awards to those employees of the Company and its subsidiaries who are in a position to contribute to the achievement by the Company and its subsidiaries of significant improvements in profit performance and growth.  The STIP is intended to comply with the requirements of Section 409A of the Internal Revenue Code, to the extent applicable, and shall be interpreted and administered in a manner consistent with that intent.
The STIP shall be administered by the Committee.  The Committee shall have full power and authority to administer and interpret the STIP and any awards made under the STIP, and its interpretations shall be conclusive and binding on all persons.  The Committee’s power and authority shall include, without limitation, the authority to adopt and periodically review such rules and regulations as it deems necessary or advisable in order to properly carry out the provisions and purposes of the STIP.
All salaried employees of the Company shall be eligible to participate in the STIP, other than employees responsible for sales and leasing, who will participate in a sales and leasing plan.  All award years under the STIP shall be calendar years.  The Chief Executive Officer of the Company (the “CEO”) shall designate the specific employees who will participate in the STIP for an award year, and their target award opportunities; provided, however, that the Committee shall be responsible for making final determinations with respect to these and all other material terms of any award for an individual, including the CEO, who is subject to Section 16 of the Securities Exchange Act of 1934.  Each participant’s target award opportunity shall be expressed as a percentage of his annual base compensation, with a range from 10% to 100% of annual base compensation.
The CEO (or Committee) may include additional terms in an individual award, or the Committee may adopt rules or regulations relating to all awards relating to the effect of a change in control of the Company or early termination of the participant’s employment with the Company.  The CEO (or Committee) may, but shall not be required to, set forth the terms of an award in an individual award agreement.
The CEO (or Committee) shall determine the actual amount of the payout for each participant for an award year relative to the participant’s target award opportunity, as follows:
		
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	For an employee below the senior vice president level, one-third (1⁄3) of the payout shall be based on the Company’s actual funds from operations for 2014 compared to the Company’s guidance for funds from operations for 2014, as adjusted by the Committee in its discretion for the impact of transactions not contemplated by the Company’s FFO guidance figures (the “FFO Objective”); one-third (1⁄3) shall be based on the participant’s achievement of individual goals and objectives (the “Individual Goal Objective”); and one-third (1⁄3) shall be based on the CEO’s (or Committee’s) discretion; and

		
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	For an employee at the senior vice president and executive vice president level, and for the CEO, one-half (1⁄2) of the payout shall be based on the FFO Objective; one-quarter (1⁄4) of the payout shall be based on the Company growth in adjusted funds from operations (“AFFO”) for 2014 as compared to AFFO for 2013 relative to the growth in AFFO for selected peer companies, as adjusted by the Committee in its discretion to account for differences in the way in which the Company computes AFFO as compared to the selected peer companies (the “AFFO Growth 

Objective”); and one-quarter (1⁄4) shall be based on one-third shall be based on the Individual Goal Objective.
No payout may exceed 200% of the participant’s target award opportunity.
Payouts for an award year shall be determined as set forth above and announced to participants by March 1st following the close of the year, and shall be paid no later than March 15th following the close of the award year.
The selection of an employee as a participant shall not confer any right on the employee to receive an award under the STIP or to continue in the employ of the Company or limit in any way the right of the Company to terminate such participant’s employment at any time.
The Board of Directors may amend, suspend or terminate the STIP at any time.
The STIP and any awards under the STIP shall be governed by the laws of the State of Maryland.Exhibit 10.2 - 2014 Long Term Incentive Compensation Plan

Exhibit 10.2
DUPONT FABROS TECHNOLOGY, INC.
2014 LONG TERM INCENTIVE COMPENSATION PLAN
The DuPont Fabros Technology, Inc. Long Term Incentive Compensation Plan (the “LTIP”) was adopted effective February 12, 2014, by the Compensation Committee of the Board of Directors (the “Committee”) of DuPont Fabros Technology, Inc., a Maryland corporation (the “Company”) to provide equity-based awards to those employees of the Company and its subsidiaries who are in a position to contribute to the achievement by the Company and its subsidiaries of significant improvements in profit performance and growth.  Awards under the LTIP may take the form of awards of shares of restricted common stock of the Company (“Restricted Stock”) and performance-vesting stock units (“Performance Units”). Awards under the LTIP are intended to be exempt from the requirements of Section 409A of the Internal Revenue Code, and the LTIP shall be interpreted and administered in a manner consistent with that intent.
The LTIP shall be administered by the Committee.  The Committee shall have full power and authority to administer and interpret the LTIP and any awards made under the LTIP, and its interpretations shall be conclusive and binding on all persons.  The Committee’s power and authority shall include, without limitation, the authority to adopt and periodically review such rules and regulations as it deems necessary or advisable in order to properly carry out the provisions and purposes of the LTIP.
All salaried employees of the Company shall be eligible to participate in the LTIP.  The Chief Executive Officer of the Company (the “CEO”), subject to the approval of the Compensation Committee, shall designate the specific employees who will participate in the LTIP (each, a “Participant”) and establish the amount and form of each Participant’s awards. The Compensation Committee shall establish the amount and form of awards for the CEO.
Awards shall be made on or about February 12, 2014.  The form of each award shall be as follows:
		
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	For an employee below the senior vice president level, one hundred percent (100%) of the award shall be in the form of Restricted Stock;

		
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	For an employee at the senior vice president or executive vice president level, one-half (1⁄2) of the award shall be in the form of Restricted Stock and one-half (1⁄2) of the award shall be in the form of Performance Units; and

		
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	For the CEO, one hundred percent (100%) of the award shall be in the form of Performance Units.

The dollar value of each award (or portion of an award) shall be converted into a number of shares of Restricted Stock or Performance Units (as applicable) on the award date using a price per share of $22.58.
Awards of Restricted Stock shall vest over three (3) years, with one-third of each such portion vesting on March 1, 2015, an additional one-third on March 1, 2016, and the remaining one-third on March 1, 2017, in each case only if the Participant remains in continuous Service from the Grant Date through such applicable vesting date.
Awards of Performance Units shall vest if (a) the Participant remains in continuous Service from the Grant Date until March 1, 2017, (b) with respect to one-half of each Performance Unit award, the Total Shareholder Return of the Company’s Common Stock for the Performance Period, meets or exceeds the return of the MSCI US REIT Index for the 3-year performance period, and (c) with respect to remaining half of each Performance Unit award, the Total Shareholder Return of the Company’s Common Stock for the Performance Period, meets or exceeds the return of an index of publicly-traded data center companies for the 3-year performance period, as such terms are defined by and such criteria are established by the Committee and set forth in the applicable award agreement.

The CEO (or Committee) may include additional terms in an individual award agreement relating to the effect of a change in control of the Company or early termination of the Participant’s employment with the Company.
The selection of an employee as a Participant shall not confer any right on the employee to receive an award under the LTIP or to continue in the employ of the Company or limit in any way the right of the Company to terminate such Participant’s employment at any time.
The Board of Directors may amend, suspend or terminate the LTIP at any time.
The LTIP and any awards under the LTIP shall be governed by the laws of the State of Maryland.Exhibit 10.3 - Form of Restricted Stock Award Agreement

Exhibit 10.3
DUPONT FABROS TECHNOLOGY, INC.
Restricted Stock Award Agreement
Issued Under the 2014 Long-Term Incentive Compensation Plan
THIS RESTRICTED STOCK AWARD AGREEMENT (the “Agreement”), effective as of the 12th day of February, 2014, governs an award granted by DUPONT FABROS TECHNOLOGY, INC., a Maryland corporation (the “Company”), of common stock of the Company, par value, $0.001 per share (“Common Stock”), to __________________________ (the “Participant”), in accordance with and subject to the provisions of the Company’s 2011 Equity Incentive Plan (the “Plan”).  A copy of the Plan has been made available to the Participant.  All capitalized terms used, but not defined, in this Agreement shall have the meaning given such terms in the Plan.
1.    Grant of Awards.  In accordance with the Plan, and effective as of the date of this Agreement (the “Date of Grant”), the Company hereby grants to the Participant, subject to the terms and conditions of the Plan and this Agreement, an award of _____________________ (______) shares of Common Stock (the “Restricted Stock Award”).
2.    Vesting.  The Participant’s interest in the shares of Common Stock covered by the Restricted Stock Award shall become vested and nonforfeitable to the extent provided in paragraphs (a) or (b) below.
(a)    Continued Service.  The Participant’s interest in ______ of the shares of Common Stock covered by the Restricted Stock Award shall become vested and nonforfeitable on March 1, 2015, if the Participant remains in continuous Service from the Date of Grant until March 1, 2015.  The Participant’s interest in an additional ______ shares of Common Stock covered by the Restricted Stock Award shall become vested and nonforfeitable on March 1, 2016, if the Participant remains in continuous Service from the Date of Grant until March 1, 2016.  The Participant’s interest in the remaining _____ shares of Common Stock covered by the Restricted Stock Award shall become vested and nonforfeitable on March 1, 2017, if the Participant remains in continuous Service from the Date of Grant until March 1, 2017.
(b)    Change in Control.  The Participant’s interest in all of the shares of Common Stock covered by the Restricted Stock Award (if not sooner vested), shall become vested and nonforfeitable on a Change in Control if the Participant remains in continuous Service from the Date of Grant until the effective date of the Change in Control; provided, however, that, if the Change in Control is a result of a transaction involving subpart (1), (2) or (3) of the definition of “Change in Control” and the Person described therein is Lammot J. du Pont and/or Hossein Fateh, or an entity controlled by Lammot J. du Pont and/or Hossein Fateh, then the Restricted Stock Award will not become vested and nonforfeitable. 
(c)    Death or Disability.  In the event of (1) Participant’s death, or (2) Participant’s employment is terminated based on Participant’s Disability, Participant’s interest in the shares of Common Stock covered by the Restricted Stock Award (if not sooner vested) that would have become vested during the twelve (12) month period commencing on the date of death or such termination if Participant had remained employed with the Company or an Affiliate during such period shall become vested and nonforfeitable as of the date of death or such termination.
Except as provided in this Section 2 or any other agreement with the Company to which the Participant is a party, any shares of Common Stock covered by the Restricted Stock Award that are not vested and nonforfeitable on or before the date of the Participant’s termination of Service shall be forfeited on the date that such Service terminates.
3.    Transferability.  Shares of Common Stock covered by the Restricted Stock Award that have not become vested and nonforfeitable under Section 2 cannot be transferred.
4.    Stockholder Rights.  On and after the Date of Grant and prior to the forfeiture of shares of Common Stock covered by the Restricted Stock Award, the Participant shall have all of the rights as stockholder of the Company with respect to such shares, including the right to vote the shares and to receive, free of all restrictions, all dividends declared with respect to such shares.  Notwithstanding the preceding sentence, any shares of Common Stock issued with respect to the shares of Common Stock covered by the Restricted Stock Award in a 

stock dividend, stock split, or similar event, shall be vested and transferable to the extent that the shares of Common Stock covered by this Stock Award become vested and transferable under Section 2.
5.    Withholding.  The Participant and the Company shall make arrangements acceptable to the Company for the satisfaction of any federal, state and local tax withholding requirements associated with the Restricted Stock Award.
6.    No Right to Continued Employment.  The grant of the Restricted Stock Award does not give the Participant any right with respect to continuance of Service, nor shall it interfere in any way with the right of the Company or an Affiliate to terminate his Service at any time.
7.    Governing Law.  This Agreement shall be governed by the laws of the State of Maryland.
8.    Conflicts.  In the event of any conflict between the provisions of the Plan as in effect on the Date of Grant and this Agreement, the provisions of the Plan shall govern.  All references herein to the Plan shall mean the Plan as in effect on the Date of Grant.
9.    Participant Bound by Plan.  The Participant hereby acknowledges that a copy of the Plan has been made available to him and agrees to be bound by all the terms and provisions of the Plan.
10.    Binding Effect.  Subject to the limitations stated above and in the Plan, this Agreement shall be binding upon the Participant and his or her successors in interest and the successors of the Company.
IN WITNESS WHEREOF, the Company and the Participant have executed this Agreement effective as of the date set forth above.
	
			
	DUPONT FABROS TECHNOLOGY, INC.
	 
	[PARTICIPANT]

	By: _______________________________
	 
	___________________________________

	Name:
Title:

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