Document:

Prepared by MERRILL CORPORATION www.edgaradvantage.com

Exhibit 10.15  

Iomega
Corporation

2000 Bonus Plans 

    The
2000 Bonus Plan ("Plan") for the Chief Executive Officer, Executive Group and Key Contributors of Iomega Corporation (the "Company") is as follows: 

	1.
	Definitions 

    For
purposes of the Plan, the following terms shall have the following meanings: 

    "Executive
Group" means the Chief Executive Officer, Executive Officers and all other vice presidents of the Corporation. 

    "Executive
Officer" means an executive officer within the meaning of Section 16 of the Securities Exchange Act of 1934. 

    "Executives"
means the members of the Executive Group. 

    "Key
Contributors" means employees who perform management or management-equivalent duties and responsibilities, who are designated to participate in the Plan based on their
performance and their contributions to the Company. 

	2.
	Bonus
for Chief Executive Officer 

    The
Chief Executive Officer's target annual bonus for 2000 shall be equal to $500,000. 

	3.
	Bonus
for Executive Group and Key Contributors 

    Each
Executive (other than the Chief Executive Officer) and Key Contributor shall be assigned a target annual bonus expressed in dollars for Executives and in dollars or as a
percentage of base salary for all other participants. It is expected that approximately 30 Executives and 400 Key Contributors will participate in the plan in 2000. 

	4.
	Bonus
Payment Criteria 

    The
2000 Plan will utilize a formula, comprised of two performance-related components and an individual modifier, to determine the annual payout: Corporate Financial Performance
(pre-tax earnings), Strategic Imperatives Performance (by function within the organization) and an Individual Performance Modifier (0 to 150% for all Executives and Key Contributors). At
year-end, the Board of Directors will determine the actual percentage payout for the Corporate Financial Performance component, which determination shall apply to all participants in the
Plan. 

	5.
	Profit-Sharing
Program 

    The
quarterly financial performance will be reviewed by the Board of Directors, in comparison with the Company's annual operating plan and, if appropriate, the Board of Directors will
authorize the Company to make profit sharing awards to full-time regular employees who do not participate in any incentive bonus plan (including this Plan) or sales commission plan. Profit
sharing awards, if made, will generally be paid quarterly on the basis of achievement of specified quarterly results. Profit sharing payments are targeted at 5% of a participating employee's Gross
Salary and the maximum payment percentage shall not exceed 7.5% of a participating employee's Gross Salary. 

	6.
	Discretionary
Authority 

    The
CEO shall have the authority to allocate bonuses and profit sharing payments payable pursuant to the Plan among the Executive Group (excepting Executive Officers), Key
Contributors and Company employees participating in the Profit Sharing Program, including the authority to allocate more or less than the maximum amount otherwise payable under the Plan if he or she
determines, in his or her discretion, that such action is in the best interest of the Company. 

    After
reviewing the recommendations of the Compensation Committee of the Board of Directors, the Board of Directors shall have the authority to allocate bonuses among the Executive
Officers, including
the authority to allocate more or less than the maximum amount otherwise payable under the Plan if they determine, in their discretion, that such action is in the best interest of the Company.Prepared by MERRILL CORPORATION www.edgaradvantage.com

Exhibit 10.16  

iomega  

December 2,
1999 

Robert
Murrill

7605 Burns Run

Dallas TX 75248 

Dear
Bob: 

    Iomega
is pleased to confirm your offer of employment as Senior Vice President, General Counsel, and Secretary, reporting to Bruce Albertson at our Corporate Headquarters in Roy,
Utah. The annual compensation will be $225,000 paid on a bi-weekly basis. We would like your employment to begin as soon as possible. 

    Your
compensation package also includes: 

	•
	Participation
in the Iomega Incentive Bonus Program, with an annual incentive target payment equal to $150,000 (minus applicable withholding taxes), which
is based on 50% company performance and 50% individual performance. This bonus will be guaranteed at 50% (75,000) for first full year employment. Your actual award could be greater based on
performance.

	•
	A
benefits package encompassing hospitalization, major medical and dental coverage, 401(k) retirement plan, vacation and holidays, and educational
assistance subject to the terms and conditions of these plans.

	•
	A
$70,000 sign-on bonus (minus applicable withholding taxes) will be payable upon hire. If you voluntarily terminate employment at Iomega
Corporation prior to the completion of one (1) year of service, the $70,000 bonus amount, including applicable withholding taxes shall be repaid to Iomega.

	•
	In
consideration of the above mentioned sign-on bonus, you will forfeit your rights to the following relocation benefits:

	•
	Home
Purchase Assistance

	•
	Home
Sale Assistance

	•
	Associated
Tax Gross Up 

	•
	All
other provisions of the Iomega Relocation Package will apply with the following amendments:

	•
	Temporary
living accommodations for a 1 year period from hire date. Extension of this benefit will be reviewed after the first year.

	•
	Provide
weekly air travel to Dallas Texas for a 12 month period at the lowest available fare to accommodate working from your home one day per week.
This arrangement will be reviewed after the one-year period. 

	•
	An
option to purchase 50,000 shares of Iomega stock with an exercise price equal to the Fair Market Value on your start date under the 1997 Iomega
Corporation Stock Incentive Plan. These option shares will vest in four increments, 25% on your first anniversary, 25% on your second anniversary, 25% on your third anniversary and 25% on your fourth
anniversary and will be subject to a stock option agreement, which contains, among other terms, requirements regarding confidentiality, non-solicitation, and non-competition.

	•
	An
option to purchase 20,000 shares of Iomega stock with an exercise price equal to the Fair Market Value on your start date. These shares will be 100%
vested upon your date of hire and 

will be subject to a stock option agreement, which contains, among other terms, requirements regarding confidentiality, non-solicitation, and non-competition. 

	•
	As
an Executive Staff member, you will be covered by the Change of Control provision adopted and passed by the Board of Directors. Under a modified, single
trigger change of control provision your salary, annual bonus at target and benefits will be continued for 12 months under the following circumstances:

	•
	If
within one year from date of change in control, your employment is terminated by the Company other than for cause.

	•
	If
you exercise an option to leave within 30 days following completion of one year from date of change of control. 

However,
these payments would be reduced (or in the case of benefits, eliminated) once subsequent employment is obtained during the period. Outplacement services will be provided to assist your search
for new employment. 

	•
	Should
the Company terminate your employment for reasons other than illegal acts and/or moral turpitude you would receive up to 8 months of
continued salary and benefits.

	•
	Eligible
to participate in the Executive Life Insurance Program at two times the annual base salary, subject to medical underwriting upon date of hire.

	•
	Eligible
to participate in the Executive Long-Term Disability Program upon carrier approval.

	•
	Eligible
to participate in the Executive Tax Planning Services provided by PriceWaterhouse, LLP (or substitute, at your election) upon date of hire. 

    The
start of your employment is contingent upon your acceptance of this offer and the terms and conditions described in this letter, your signature on an agreement regarding
confidentiality, non-solicitation and non-competition, and proof of your eligibility to work in the United States. As you will note, this offer for a position constitutes an
at-will relationship with Iomega. This means that both you and Iomega share the right to sever the employment relationship at anytime, for any reason or no reason, and with or without
notice. 

    Additionally,
it is Iomega's policy that all employees successfully pass a drug screen at an Iomega approved facility prior to beginning employment. The actual test date is at
Iomega's discretion. This offer of employment is also contingent upon satisfactory background checks, which are currently pending. 

    We
are looking forward to your joining Iomega effective December 27, 1999. Please fax a copy of the signed offer letter (indicating the date that you will begin work) and
relocation agreement tome at (801) 332-3439. In the meantime, if you have any questions, please contact me at (801) 332-3217. 

Sincerely, 

	/s/ KEVIN M. O'CONNOR   
 Kevin M. O'Connor
 Vice President, Human Resources

Iomega Corporation	 	 	 	 
	

/s/ ROBERT D. MURRILL   
 Signed and Accepted	
 	

12/9/99
 Date	
 	

12/27/99
 Start Date

Offer expires: Wednesday, December 8, 1999Prepared by MERRILL CORPORATION www.edgaradvantage.com

Exhibit 10.17  

December 20,
1999 

Mark
E. Lucas

15 Norrans Ridge Drive

Ridgefield CT 06877 

Dear
Mark: 

    Iomega
is please to confirm your offer of employment as Executive Vice President, Global Marketing and Product Management, reporting to Bruce Albertson at our Corporate Headquarters
in Roy Utah. The annual compensation will be $260,000 paid on a hi-weekly basis. We would like your employment to begin as soon as possible. 

    Your
compensation package also includes: 

	•
	Participation
in the Iomega Incentive Bonus Program, with an annual incentive target payment equal to $150,000 (minus applicable withholding taxes); This
bonus will be guaranteed at 50% ($75,000) for first full year employment. Your actual award could be greater based on performance.

	•
	A
benefits package encompassing hospitalization, major medical and dental coverage, 401 (k) retirement plan, vacation and holidays, and educational
assistance subject to the terms and conditions of these plans.

	•
	In
addition to Iomega's comprehensive Relocation Package, Iomega will provide: 

    Extension
of home sale benefits for a 2-year period from hire date. 

    Extension
of purchase of new primary residence benefits for a period of 2 years from date of hire and a waiver of the requirement to sell your existing home. 

	•
	An
option to purchase 50,000 shares of Iomega stock with an exercise price equal to the Fair Market Value on your start date. The Fair Market Value of the
stock is determined by the average of the high and low price on the New York Stock Exchange on your first day on the payroll. These option shares will vest in four increments, 25% on your first
anniversary, 25% on your second anniversary, 25% on your third anniversary and 25% on your fourth anniversary and will be subject to a stock option agreement, which contains, among other terms,
requirements regarding confidentiality, non-solicitation, and non-competition.

	•
	An
option to purchase 10,000 shares of Iomega stock with an exercise price equal to the Fair Market Value on your start date. The Fair Market Value of the
stock is determined by the average of the high and low price on the New York Stock Exchange on your first day on the payroll. These shares will be 100% vested upon your date of hire and will be
subject to a stock option agreement, which contains, among other terms, requirements regarding confidentiality, non-solicitation and non-competition.

	•
	As
a Executive Staff member, you will be covered by the Change of Control provision adopted and passed by the Board of Directors. Under a modified, single
trigger change of control provision your salary, annual bonus at target and benefits will be continued for 12 months under the following circumstances:

	•
	If
within one year from date of change in control, your employment is terminated by the Company other than for cause.

	•
	If
you exercise an option to leave within 30 days following completion of one year from date of change of control. 

    However,
these payments would be reduced (or in the case of benefits, eliminated) once subsequent employment is obtained during the period. Outplacement services will be provided to
assist your search for new employment. 

	•
	Eligible
to participate in the Executive Life Insurance Program at two times the annual base salary, subject to medical underwriting.

	•
	Eligible
to participate in the Executive Long-Term Disability Program.

	•
	Eligible
to participate in the Executive Tax Planning Services provided by PriceWaterhouse, LLP. 

    In
response to your proposed language regarding modification to our standard "Employment At Will" language and your suggestion of Arbitration, we are not able to agree to the terms
outlined in your response. We have, however, added the following commitment regarding separation of your employment: 

    Subject
to the conditions set forth below, Iomega will pay to Employee the equivalent of six months pay ("Separation Pay") if Employee is terminated within the first two years of his
employment for any reason other than: 

	1.
	Violation
of any law that would impact Iomega or Employee's ability to perform for Iomega.

	2.
	Violation
of Iomega's Code of Conduct.

	3.
	Violation
of any securities regulations.

	4.
	Persistent
or repeated refusal to perform the material duties of employment (other than because of physical or mental illness).

	5.
	Any
breach of non-solicitation, non-competition or non-disclosure obligations owed by Employee to Iomega.

	6.
	Any
act of fraud, theft or embezzlement or act involving moral turpitude (including without limitation the giving or receiving of any bribe, sexual or racial harassment). 

    Separation
Pay will not be paid unless and until Employee executes a full and complete release of Iomega. Separation Pay will be paid over a six month period on Iomega's regular
payroll schedule and will be subject to all applicable taxes and other appropriate deductions. 

    The
start of your employment is contingent upon your acceptance of this offer and the terms and conditions described in this letter, your signature on an agreement regarding
confidentiality, nonsolicitation and non-competition, and proof of your eligibility to work in the United States. As you will note, this offer for a position constitutes an
at-will relationship with Iomega. This means that both you and Iomega share the right to sever the employment relationship at anytime, for any reason or no reason, and with or without
notice. 

    Additionally,
it is Iomega's policy that all employees successfully pass a drug screen at an Iomega approved facility prior to beginning employment. The actual test date is at
Iomega's discretion. This of employment is also contingent upon satisfactory background checks, which are currently pending. 

    We
are looking forward to your joining Iomega. Please fax a copy of the signed offer (indicating the date that you will begin work) and relocation agreement to me at
(801) 332-3439. In the meantime, if you have any questions, please contact me at (801) 332-3217. 

Sincerely, 

	/s/ KEVIN M. O'CONNER   
 Kevin M. O'Conner
 Vice President, Human Resources

Iomega Corporation	 	 	 	 
	

/s/ MARK E. LUCAS   
 Signed and Accepted	
 	

12/20/99
 Date	
 	

1/03/00
 Start Date

Offer expires: Tuesday, December 21, 1999

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