Document:

Summary Sheet of Director and Executive Officer Compensation

 Exhibit 10.3 
 OVERLAND STORAGE, INC. 
 SUMMARY SHEET 
 OF 
 DIRECTOR AND EXECUTIVE OFFICER COMPENSATION 
 Non-Employee Director Compensation  
 Our compensation plan for
non-employee directors consists of both a cash component and an equity component. We pay each non-employee director $5,000 per quarter, plus $2,500 for each Board meeting attended ($1,250 if held telephonically), plus reimbursement for expenses. The
Chairman of the Board receives an additional $2,500 per quarter in addition to the non-employee director fee of $5,000 per quarter. Members of the Audit Committee and the Compensation Committee receive a retainer of $500 per quarter in lieu of
a fee for committee meetings attended during a quarter and members of the Nominating and Governance Committee receive $500 for each committee meeting attended ($250 if held telephonically and no fee if held the same day as a Board
meeting).
 In addition to the cash component of compensation, each non-employee director receives stock options. Effective November 13, 2007,
under our 2003 Equity Incentive Plan, which we refer to as the 2003 Incentive Plan, each non-employee director receives a six-year nonqualified stock option to purchase 18,000 shares on the same date as the company’s annual meeting of
shareholders. Prior to November 13, 2007, the non-employee director options granted under the 2003 Incentive Plan had ten-year terms. These options are exercisable at fair market value on the date of grant and vest in equal monthly
installments over a 12-month period, as measured from the grant date. When a new non-employee director joins the board, such director will be awarded a new option for a number of shares determined by multiplying 1,500 by the number of months
remaining until the next scheduled annual meeting date, giving credit for any partial month. Such option will vest at the rate of 1,500 shares per month and will be fully vested at the next annual meeting date, at which time the director will
receive the normal annual grant. 
 On November 13, 2007, the date of our last annual meeting of shareholders, Robert Degan, Nora Denzel, Eric Kelly,
Bill Miller, Scott McClendon and Michael Norkus each received an option for 18,000 shares. 
 Compensation of Executive Officers 
 Our executive officers serve at the discretion of the Board of Directors. From time to time, the Compensation Committee of the Board of Directors reviews and determines
the salaries that are paid to our executive officers. The following table sets forth the annual salary rates for our current executive officers as of the date of this report: 
  

				
	 W. Michael Gawarecki
	  	$	270,000
	 Kurt L. Kalbfleisch
	  	$	225,000
	 Vernon A. LoForti
	  	$	400,000
	 Ravi Pendekanti
	  	$	250,000

 Employment Arrangements with Current Executive Officers 
 The following discussion summarizes the employment arrangements between us and our current executive officers as of the date of this report on Form 10-Q: 
 W. Michael Gawarecki. As our Vice President of Operations and New Product Delivery, Mr. Gawarecki is an at-will employee and may be terminated by us for
any reason, with or without notice. On February 14, 2008, Mr. Gawarecki was appointed to the additional position of Vice President of New Product Delivery. In connection with this expanded role, his annual salary was increased from
$246,500 to 270,000. On August 13, 2007, he received an option to purchase up to 100,000 shares of our common stock at the purchase price of $1.62 per share (the closing price of our common stock on the date of grant) pursuant to the 2003
Incentive Plan. The option vested over one year in equal monthly installments and has a three-year life, subject to continuous service. 

 Kurt L. Kalbfleisch. As our Vice President of Finance and Chief Financial Officer, Mr. Kalbfleisch is an
at-will employee and may be terminated by us for any reason, with or without notice. Mr. Kalbfleisch assumed the permanent role of Chief Financial Officer on February 14, 2008. He had been serving as our Interim Chief Financial
Officer since August 7, 2007. In connection with his appointment as Chief Financial Officer, his annual salary was increased from $200,000 to 225,000 and he received a stock option as described below. Mr. Kalbfleisch earned cash bonuses of
$10,000 each in October 2007, January 2008, April 2008 and July 2008. On August 13, 2007, he received an option to purchase up to 75,000 shares of the company’s common stock at the purchase price of $1.62 per share (the closing
price of our common stock on the date of grant) and on February 14, 2008 he received an option to purchase up to 25,000 shares of the company’s common stock at the purchase price of $1.32 per share (the closing price of our common stock on
the date of grant). Both options (i) were granted pursuant to the 2003 Incentive Plan, (ii) vest over one year in equal monthly installments, (iii) will accelerate upon a “Change in Control” as defined in the 2003 Incentive
Plan, and (iv) have a three-year life, subject to continuous service. 
 Vernon A. LoForti. In connection with his appointment as President
and Chief Executive Officer on August 7, 2007, Mr. LoForti’s annual base salary was increased from $297,750 to $400,000. We entered into an amended and restated employment agreement with Mr. LoForti on September 27, 2007.
The amended and restated employment agreement has a one-year term, automatically renews for successive one-year terms, and provides that our Board may unilaterally modify Mr. LoForti’s compensation at any time. If we terminate
Mr. LoForti’s employment without cause, then we are obligated to pay him a severance payment equal to his base salary, payable on a pro-rated basis according to our normal payroll cycle for the 12 months following his termination. In
addition, he is entitled to receive accelerated vesting for any stock options that would otherwise have vested during the 12-month period following his termination. He is also entitled to receive the cash severance payment if he resigns for good
reason because of any of the following events: (i) reduction in compensation of more than 10%; (ii) change in position or duties so that his duties are no longer consistent with his previous position; or (iii) change in principal
place of work to more than 50 miles from our current facility without his approval. On August 13, 2007, he received an option to purchase up to 250,000 shares of our common stock at the purchase price of $1.62 per share (the closing price
of our common stock on the date of grant) pursuant to the 2003 Incentive Plan. The option vested over one year in equal monthly installments and has a three-year life, subject to continuous service. 
 Ravi Pendekanti. Mr. Pendekanti joined our company on April 21, 2008 as our Vice President of Worldwide Marketing. In August 2008, his role was expanded
to include Vice President of Worldwide Sales, replacing Robert Farkaly who left the company in August 2008. Mr. Pendekanti is an at-will employee and may be terminated by us for any reason, with or without notice. He currently earns an
annual salary of $250,000. In connection with his employment, he received a $50,000 one-time signing bonus and a relocation allowance of $50,000 subject to a pro-rated reimbursement if he voluntarily terminates his employment within the first 12
months of his hire date. Pending relocation, the company will pay for temporary housing, one round-trip flight per week to San Francisco, and the services of a relocation advisor. In addition, if Mr. Pendekanti is terminated without cause
within the first 12 months of employment, the company has agreed to provide severance in the amount of six months base pay and 12 months medical COBRA coverage. These severance benefits are not in addition to the benefits provided under his
Retention Agreement described below. On April 28, 2008, he received an option to purchase up to 100,000 shares of the company’s common stock at the purchase price of $1.18 per share (the closing price of our common stock on the date of
grant) pursuant to the 2003 Incentive Plan. The option will vest over one year in equal monthly installments. The option will accelerate upon a “Change in Control” as defined in the 2003 Incentive Plan. The option has a three-year
life, subject to continuous service. 
 Retention Agreements 
 We entered into amended and restated retention agreements with Messrs. Gawarecki, Kalbfleisch and LoForti effective September 27, 2007. We entered into a retention agreement with Mr. Pendekanti on
April 21, 2008. These agreements provide that the officer will receive a lump sum severance payment if, within two years of the consummation of a change in control of our company, he is terminated without cause or resigns with good reason.
These severance payments are based on the officer’s base salary at the time of the consummation of the change in control or the termination date, whichever is higher, plus his or her target bonus for the year prior to the consummation of the
change in control. The agreements provide that, upon a change in control, Mr. LoForti would be entitled to receive an amount equal to 2.0 times his base salary plus target bonus; and Messrs. Gawarecki, Kalbfleisch, and Pendekanti each
would be entitled to an amount equal to his respective base salary plus target bonus. If any portion of any payment under any of the agreements would constitute an “excess parachute payment” within the meaning of Section 280G of the
Internal Revenue Code, then that payment will be reduced to an amount that is one dollar less than the threshold for triggering the tax imposed by Section 4999 of the Internal Revenue Code. 

 Cancellation of Certain Stock Options 
 In November 2007, our Shareholders approved the cancellation of stock options with an exercise price of $10 per share or more held by our officers and
directors as described in Proposal 2 of our definitive proxy statement filed with the SEC on October 10, 2007, which description is incorporated herein by reference. The stock options cancelled include the following: 
  

										
	 Optionee Name
	  	Option
Grant Date	  	Number
of Shares	  	Per Share
Exercise Price	  	Plan Name
	 Robert Degan
	  	1/20/2003	  	22,000	  	$	14.75	  	2000 Stock Option Plan
		  	3/3/2005	  	12,000	  	$	14.67	  	2003 Equity Incentive Plan
	 Robert Farkaly
	  	6/25/2003	  	5,000	  	$	20.25	  	2000 Stock Option Plan
		  	11/18/2004	  	5,000	  	$	13.98	  	2003 Equity Incentive Plan
	 Mike Gawarecki
	  	4/21/2000	  	20,000	  	$	10.00	  	1997 Stock Option Plan
		  	7/10/2002	  	52,500	  	$	13.50	  	2000 Stock Option Plan
		  	11/17/2003	  	10,000	  	$	19.33	  	2003 Equity Incentive Plan
		  	11/15/2004	  	31,400	  	$	14.29	  	2003 Equity Incentive Plan
	 Kurt Kalbfleisch
	  	4/21/2000	  	8,000	  	$	10.00	  	1995 Stock Option Plan
		  	7/2/2003	  	10,000	  	$	20.13	  	1995 Stock Option Plan
		  	11/18/2004	  	3,500	  	$	13.98	  	2003 Equity Incentive Plan
	 Vernon LoForti
	  	4/21/2000	  	20,000	  	$	10.00	  	1997 Stock Option Plan
		  	7/10/2002	  	60,000	  	$	13.50	  	2000 Stock Option Plan
		  	11/17/2003	  	10,000	  	$	19.33	  	2003 Equity Incentive Plan
		  	11/15/2004	  	29,700	  	$	14.29	  	2003 Equity Incentive Plan
	 Scott McClendon
	  	1/20/2003	  	11,000	  	$	14.75	  	2000 Stock Option Plan
		  	11/17/2003	  	18,000	  	$	19.33	  	2003 Equity Incentive Plan
		  	11/15/2004	  	18,000	  	$	14.29	  	2003 Equity Incentive Plan
	 Michael Norkus
	  	8/11/2004	  	4,500	  	$	11.05	  	2003 Equity Incentive Plan
		  	11/15/2004	  	18,000	  	$	14.29	  	2003 Equity Incentive Plan
	 Robert Scroop
	  	7/10/2002	  	60,000	  	$	13.50	  	2000 Stock Option Plan
		  	11/17/2003	  	10,000	  	$	19.33	  	2003 Equity Incentive Plan
		  	11/15/2004	  	29,700	  	$	14.29	  	2003 Equity Incentive Plan
	 Total Shares Cancelled
	  		  	468,300Management Performance Plan

 Exhibit 10(i) 
 NORTHERN TRUST CORPORATION 
 MANAGEMENT PERFORMANCE PLAN 
 (As Amended and Restated Effective July 15, 2008) 
  

	I.	Purposes of Plan 

 The purposes of the Northern
Trust Corporation Management Performance Plan (the “Plan”) are to (i) promote the achievement of superior financial and operating performance of Northern Trust Corporation and its subsidiaries (the “Corporation”), and to
further the objective of delivering unrivaled service quality to clients through the awarding of annual cash incentives to participants in the Plan (“Participants”), (ii) reward Participants who make significant contributions to the
Corporation’s success, enabling them to share in this success, (iii) provide the Corporation a means to attract, motivate and retain key senior officers and (iv) qualify any compensation paid under the Plan for tax deductibility under
Section 162(m) of the Internal Revenue Code of 1986, as amended. 
  

	II.	Administration 

 The Plan shall be administered by
the Compensation and Benefits Committee (the “Committee”) of the Board of Directors (the “Board”) of the Corporation. The Committee shall have authority for selecting Participants and determining final award amounts to be paid to
Participants. Subject to the express provisions of the Plan, the Committee shall be authorized to interpret the Plan and to establish, amend and rescind any rules and regulations relating to the Plan and to make all other determinations deemed
necessary or advisable for the proper administration of the Plan. The determinations of the Committee in the proper administration of the Plan shall be conclusive and binding. 
  

	III.	Term 

 The Plan was originally effective as of
January 1, 1999 (the “Effective Date”), subject to approval by the Corporation’s shareholders at the 1999 Annual Meeting of Shareholders, which was obtained. This amended and restated Plan shall be effective July 15, 2008.
The Plan shall remain in effect until terminated by the Board. 
  

	IV.	Eligibility and Participation 

 Eligibility to
participate in the Plan shall be limited to any key officer of the Corporation at or above the level of an executive vice president. Participants in the Plan shall be selected annually by the Committee from those key senior officers eligible to
participate in the Plan. 
  

	V.	Performance Objective 

 The Corporation’s
fiscal year shall be the performance period. For each fiscal year, the Plan’s performance objective (the “Performance Objective”) and the corresponding Funding Opportunity (described below) for each Participant shall be established
with reference to the Corporation’s consolidated net income as determined in accordance with generally accepted accounting principles and Section VI below. 

	VI.	Award Funding Opportunity 

 The Funding Opportunity
for Participants for each fiscal year shall be as follows: 
  

			
	 Position (if a Participant in any fiscal year)
	  	 Funding Opportunity

	 (1) Chairman,
 (2) Chief Executive Officer or

(3) Chairman and Chief Executive Officer
	  	0.6% of the Corporation’s consolidated net income for that fiscal year
		
	 (1) President,
 (2) Vice Chairman,
 (3) Chief Operating Officer, or
 (4) President and Chief Operating Officer

	  	0.4% of the Corporation’s consolidated net income for that fiscal year
		
	Any other Participant	  	0.3% of the Corporation’s consolidated net income for that fiscal year

 In the event that any individual holds more than one of the above listed positions concurrently,
the Funding Opportunity in any fiscal year for such individual (if a Participant for such fiscal year) shall be the greatest of each of the amounts otherwise applicable to each of the concurrently held positions. The maximum award payable to a
Participant under this Plan for any fiscal year shall not exceed the Participant’s Funding Opportunity described in this Section VI. 
  

	VII.	Award Determination 

 As soon as practicable (but in
no event later than 90 days) following completion of a fiscal year, the Committee shall (i) calculate the dollar amount of each Participant’s Funding Opportunity for that fiscal year solely on the basis of the Performance Objective and the
provisions of Section VI and (ii) approve each Participant’s actual award for that fiscal year on a discretionary basis as provided in the next sentence. The Committee shall have the right to limit or reduce a Participant’s actual
award in any fiscal year below the Funding Opportunity in its sole discretion based on an assessment of individual contribution, performance relative to performance expectations, competitive levels of compensation and corporate performance, but it
shall not increase a Participant’s award in any fiscal year above the Funding Opportunity. 
  

	VIII.	Payment of Awards 

 Awards for a fiscal year will be
paid in cash (or deferred at the election of a Participant as provided in Section IX(b) below) as soon as practicable following the Committee’s determination of awards for that fiscal year. 
  

	IX.	Other Provisions 

 The following miscellaneous
provisions are applicable to the Plan: 
  

	 	(a)	Awards paid under the provisions of the Plan are considered pensionable earnings when paid. 

  

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	 	(b)	Awards paid from the Plan may be deferred into the Northern Trust Corporation Deferred Compensation Plan, subject to all of the terms and conditions, including without limitation,
the election deadlines of that Plan. Deferred amounts will be considered pensionable earnings under the provisions of the Supplemental Pension Plan. 

  

	 	(c)	Termination of employment of a participant during the Plan year, either voluntarily, or involuntarily with cause for reasons other than death, disability, or retirement, shall
result in immediate exclusion from the Plan. 

  

	 	(d)	Except in the event of the death of a participant, the rights and interests of a participant under the Plan shall not be assigned, encumbered, or transferred.

  

	 	(e)	Each participant shall designate a beneficiary (the “Designated Beneficiary”) to receive the award, if any, allocated to a participant, in the event of such
participant’s death. If no Designated Beneficiary survives the participant, it shall be the surviving spouse of the participant or, if there is no surviving spouse, it shall be the participant’s estate. 

  

	 	(f)	No employee or other person shall have any claim or right to be granted an award under the plan. Neither the Plan, nor any action taken thereunder, shall be construed as giving the
Participant or other person any right to be retained in the employ of the Corporation. 

  

	 	(g)	The Corporation shall have the right to deduct from all payments made under the Plan any taxes required by law to be withheld with respect to such payment. 

 

	 	(h)	All questions pertaining to the validity, construction and administration of the Plan and any award hereunder shall be determined in conformity with the laws of the State of
Illinois. 

  

	 	(i)	The Board, in its sole discretion, may modify or amend any or all of the Plan at any time and, without notice, may suspend or terminate the Plan entirely. However, no such
modification or amendment may, without the consent of the Participant, reduce the right of a Participant to a payment or distribution to which the Participant is entitled by reason of an outstanding award. 

  

	 	(j)	All obligations of the Corporation under the Plan with respect to awards granted hereunder shall be binding on any successor to the Corporation, whether the existence of such
successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business or assets of the Corporation. 

  

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