Document:

Exhibit 10(m)(ix)

                           PERFORMANCE BONUS AGREEMENT

      PERFORMANCE BONUS AGREEMENT (the "Agreement"), dated as of the 18th day of
February, 2005, between Albany International Corp., a Delaware corporation (the
"Company"), and [ _______________ ] (the "Participant").

      WHEREAS, the Company adopted and maintains the Albany International Corp.
2005 Incentive Plan (the "Plan");

      WHEREAS, Section 8 of the Plan provides for the grant of performance-based
awards to participants in the Plan; and

      WHEREAS, Section 9 of the Plan provides for the annual establishment of
performance measures ("Performance Measures") for performance-based awards;

      NOW THEREFORE, in consideration of the agreements and obligations
hereinafter set forth, the parties hereto agree as follows:

      1. Definitions; References.

      As used herein, the following terms shall have the meanings indicated
below. Capitalized terms used but not defined herein shall have the meanings
assigned to them in the Plan.

      (i) "Annual Distribution Amount" shall mean, with respect to a Bonus, the
portion of such Bonus that is required to be distributed in any calendar year
determined pursuant to Section 6 hereof.

      (ii) "Applicable Bonus Percentage" for the Participant for the Performance
Period shall mean the percentage established by the Committee for the
Participant in Section 4 hereof. The Committee shall in every case provide for a
specific Applicable Bonus Percentage when the Performance Percentage is equal to
100%, which Applicable Bonus Percentage will be used to determine the Target
Amount.

      (iii) "Beneficiary" shall mean the person(s) designated by the Participant
in a written instrument delivered pursuant to the Plan to receive a payment due
under the Plan upon the Participant's death, signed by the Participant and
delivered to the Company prior to the Participant's death or, if no such written
instrument is on file, the Participant's estate.

      (iv) "Bonus" with respect to the Performance Period shall mean a number of
shares of Common Stock equal to the product of the Target Amount multiplied by
the Applicable Bonus Percentage for the Performance Period, together with the
Cash Dividend Equivalents, if any, provided for from time to time pursuant to
Section 5(b).

      (v) "Bonus Account" shall have the meaning set forth in Section 5 hereof.

<PAGE>

      (vi) "Cash Dividend Equivalents" shall have the meaning set forth in
Section 5(b) hereof.

      (vii) "Cause" shall be deemed to exist if a majority of the members of the
Board of Directors determine that the Participant has (i) caused substantial
harm to the Company with intent to do so or as a result of gross negligence in
the performance of his or her duties; (ii) not made a good faith effort to carry
out his or her duties; (iii) wrongfully and substantially enriched himself or
herself at the expense of the Company; or (iv) been convicted of a felony.

      (viii) "Determination Date" shall mean, with respect to the Performance
Period, the date on which the Committee shall have determined the Performance
Percentage for the Participant and whether the Bonus shall be paid in cash or in
shares of Common Stock, which date shall not be later than the last day of the
first February following the Performance Period and shall have determined.

      (ix) "Disability" shall be deemed to exist if (i) by reason of mental or
physical illness the Participant has not performed his or her duties for a
period of six consecutive months; and (ii) the Participant does not return to
the performance of his or her duties within thirty days after written notice is
given by Company or one of its subsidiaries that the Participant has been
determined by the Committee to be "Disabled" under the Company's long term
disability policy.

      (x) "Dividend Payment Date" shall have the meaning set forth in Section
5(b) hereof.

      (xi) "Fair Market Value" shall mean, with respect to any share of Common
Stock, the closing price of such share as reported in "New York Stock Exchange
Composite Transactions" in "The Wall Street Journal" for the relevant date or,
if no quotation shall have been made on such relevant date, on the next
preceding day on which there were quotations or, if the Company's shares of
Common Stock are not traded on such exchange, such price as reported on such
other securities market or exchange on which such shares are traded as the
Committee shall determine.

      (xii) "First Distribution Date" is the first Business Day on or after
March 1 of the year immediately following the end of the Performance Period.

      (xiii) "Performance Percentage" shall mean with respect to the Performance
Period the percentage determined pursuant to the Scorecard.

      (xiv) "Performance Period" shall mean the period that begins on January 1
and ends on December 31 of the year specified in Section 3.

      (xv) "Scorecard" shall mean a performance scorecard as set forth in
Section 3 hereof.

      (xvi) "Second Distribution Date" is the first Business Day on or after
March 1 of the second year following the end of the Performance Period.

                                       2
<PAGE>

      (xvii) "Target Amount", with respect to the Performance Period, shall mean
a number of shares of Common Stock specified in Section 2, which is the amount
of the Bonus for the Performance Period if the Performance Percentage is 100%.

      (xviii) "Third Distribution Date" is the first Business Day on or after
March 1 of the third year following the end of the Performance Period.

      (xix) "Value" of shares of Common Stock on any date means the average Fair
Market Value of a share of Common Stock over the Business Days in the February
preceding such date.

      2. Establishment of the Target Amount. Pursuant to, and subject to, the
terms and conditions set forth herein and in the Plan, the Company hereby
establishes the Participant's Target Amount at [ _______ ] shares of Common
Stock for the Performance Period. The Bonus shall be determined based on Target
Amount in the manner set forth in Sections 3 and 4 hereof.

      3. Establishment of the Scorecard. Pursuant to, and subject to, the terms
and conditions set forth herein and in the Plan, the Company hereby establishes
the Scorecard, attached hereto as Exhibit A, based on the objective criteria
specified, with which to evaluate the Participant's performance for 2005 (the
"Performance Period"). The Scorecard shall represent an objective basis for
determining the Performance Percentage for 2005.

      4. Adjustment of the Target Amount. As soon as practicable after the end
of the Performance Period, and in no event later than the last day of the first
February following the Performance Period, the Committee shall determine the
Performance Percentage based on the Scorecard. The Applicable Bonus Percentage
with respect to the Participant for the Performance Period shall be equal to the
Performance Percentage so determined. The Committee shall have discretion to
reduce (but not increase) the amount of the Bonus determined for the Participant
for the Performance Period at any time prior to the crediting of such Bonus to
the Participant's Bonus Account as provided in Section 5 below. The Committee
may, but shall not be required to, set forth in Exhibit B hereto such criteria
(which may be subjective) to be used as the basis by the Committee to make any
such reduction.

      5. Bonus Account. Pursuant to, and subject to, the terms and conditions
set forth herein and in the Plan, the Company shall establish a Bonus Account in
the name of, and for the benefit of, the Participant (the "Bonus Account").
There shall be a separate Bonus Account for the Participant for each Performance
Period.

            a. Within thirty (30) days of the Determination Date, but in no
      event later than March 1 immediately following the Determination Date, the
      Company shall credit to the Bonus Account the Bonus.

            b. The Company shall credit the Bonus Account of each Participant as
      of each date on which the Company pays a cash dividend on shares of Common
      Stock (a "Dividend Payment Date") with additional shares of Common Stock,
      the number of which shall be determined by first (i) multiplying the
      number of shares of Common Stock in the Participant's Bonus Account on the
      Dividend Payment Date by the per-share dollar

                                       3
<PAGE>

      amount of the dividend so paid, and then (ii) dividing the resulting
      amount by the Fair Market Value of a share of Common Stock on the Dividend
      Payment Date (such additional shares of Common Stock being referred to
      herein as "Cash Dividend Equivalents").

            The Company shall continue to maintain the Bonus Account until it
      has satisfied all of its obligations hereunder, provided that the amounts
      credited to the Bonus Account shall represent an unsecured obligation of
      the Company and the Participant shall have the status of an unsecured
      creditor in respect of such accounts.

      6. Vesting; Payment of Annual Distribution Amount.

            a. Twenty-five percent of the Bonus shall vest on January 1 of the
      year immediately following the Performance Period, 50% of the Bonus shall
      vest on January 1 of the second year following the Performance Period, and
      the remainder of the Bonus shall vest on January 1 of the third year
      following the Performance Period.

            b. The Annual Distribution Amount shall be paid at the following
      times:

                  i.    On the First Distribution Date, an amount equal to 25%
                        of the Bonus shall be distributed by the Company or one
                        of its subsidiaries to the Participant, and the amount
                        credited to the Participant's Bonus Account shall be
                        debited by the amount so distributed.

                  ii.   On the Second Distribution Date, an amount equal to 50%
                        of Bonus shall be distributed by the Company or one of
                        its subsidiaries to the Participant, and the amount
                        credited to the Participant's Bonus Account shall be
                        debited by the amount so distributed.

                  iii.  On the Third Distribution Date, the remainder of the
                        Bonus shall be distributed by the Company or one of its
                        subsidiaries to the Participant, and the amount credited
                        to the Participant's Bonus Account shall be debited by
                        the amount so distributed such that the amount credited
                        to the Participant's Bonus Account shall be zero.

            c. The Annual Distributions Amount shall be paid in the following
      form:

                  i.    The portion of the Bonus payable on the First
                        Distribution Date shall be paid in cash based on the
                        Value of the shares of Common Stock required to be
                        distributed; and

                  ii.   One half of the portion of the Bonus payable on the
                        Second Distribution Date and the Third Distribution Date
                        shall be distributed in shares of Common Stock and the
                        other half of the portion of the Bonus payable on the
                        Second

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<PAGE>

                        Distribution Date and the Third Distribution Date shall
                        be paid in cash based on the Value of the shares of
                        Common Stock required to be distributed.

            d. In the event that a payment is called for hereunder to a
      Participant who is deceased, such payment shall be made to such
      Participant's Beneficiary.

      7. Effect of Termination of Employment.

            a. In the event the Participant's employment with the Company is
      terminated for any reason during the Performance Period, no credit
      provided for by Section 5 shall thereafter be made with respect to the
      Participant's Bonus Account and the Participant shall not be entitled to
      any payment under Section 6 or have any other rights with respect to the
      Bonus.

            b. In the event the Participant voluntarily terminates employment
      with the Company any time after the end of the Performance Period, the
      Participant shall forfeit any amount then credited to the Participant's
      Bonus Account that had not vested in accordance with Section 6 hereof;
      provided that, if the Participant shall have reached age 62 prior to any
      such voluntary termination, 50% of the unvested amount then credited to
      the Participant's Bonus Account shall vest and be distributed to the
      Participant in accordance with the otherwise applicable provisions of this
      Agreement and the remainder shall be forfeited and the Participant shall
      not be entitled to any other payment under Section 6 or have any other
      rights with respect to the Bonus.

            c. In the event the Participant's employment with the Company
      terminates due to the Participant's death or Disability or is terminated
      by the Company other than for Cause, 50% of the unvested amount then
      credited to the Participant's Bonus Account shall vest and be distributed
      to the Participant in accordance with the otherwise applicable provisions
      of this Agreement and the remainder shall be forfeited and the Participant
      shall not be entitled to any other payment under Section 6 or have any
      other rights with respect to the Bonus.

            d. In the event the Company terminates the Participant's employment
      for Cause, the Participant shall forfeit all amounts then credited to the
      Participant's Bonus Account and the Participant shall not be entitled to
      any other payment under Section 6 or have any other rights with respect to
      the Bonus, unless the Committee determines otherwise in its absolute
      discretion.

            e. If counsel to the Committee notifies the Committee that a
      distribution provided for by this Section 7 should be deferred in order to
      avoid having a tax imposed on the Participant by Section 409A of the Code
      by virtue of a failure to comply with Section 409A(a)(2)(b)(1) of the Code
      (relating to distributions to "key employees") to such distribution, then
      the distribution shall be deferred to the extent determined by the
      Committee.

      8. Elective Deferrals. The Participant may elect to defer any portion of
the Bonus by submitting a deferral election, a form of which is attached hereto
as Exhibit C, prior to

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<PAGE>

the first day of the Performance Period; provided that the date on which the
deferred amount shall be paid must be the later of a specified date or six
months following the Participant's termination of employment with the Company.

      9. Modification and Waiver. Except as provided in the Plan with respect to
determinations of the Committee and subject to the Company's Board of Directors'
right to amend the Plan, neither this Agreement nor any provision hereof can be
changed, modified, amended, discharged, terminated or waived orally or by any
course of dealing or purported course of dealing, but only by an agreement in
writing signed by the Participant and the Company. No such agreement shall
extend to or affect any provision of this Agreement not expressly changed,
modified, amended, discharged, terminated or waived or impair any right
consequent on such a provision. The waiver of or failure to enforce any breach
of this Agreement shall not be deemed to be a waiver or acquiescence in any
other breach thereof.

      10. Notices. All notices and other communications hereunder shall be in
writing, shall be deemed to have been given if delivered in person or by
first-class registered or certified mail, return receipt requested, and shall be
deemed to have been given when personally delivered or five (5) days after
mailing to the following address (or to such other address as either party may
have furnished to the others in writing in accordance herewith, except that
notices of change of address shall only be effective upon receipt):

      If to the Company:

            Albany International Corp.
            1373 Broadway
            Menands, New York 12204
            Fax:  (518) 447-6575
            Attention:  Legal Department

      If to the Participant, to the most recent address of the Participant that
the Company has in its records.

      11. Participant Acknowledgement. The Participant hereby acknowledges
receipt of a copy of the Plan.

      12. Incorporation of the Plan. All terms and provisions of the Plan are
incorporated herein and made part hereof as if stated herein. If any provision
hereof and of the Plan shall be in conflict, the terms of the Plan shall govern.
All capitalized terms used herein and not defined herein shall have the meanings
assigned to them in the Plan.

      13. Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original, but each of which
together shall constitute one and the same document.

      14. Governing Law; Choice of Forum. This Agreement shall be governed by
and interpreted in accordance with New York law, without regard to its conflicts
of law principles, and the parties hereby submit to the jurisdiction of the
courts and tribunals of New York.

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<PAGE>

      15. Binding Effect. This Agreement shall be binding upon, inure to the
benefit of, and be enforceable by the heirs, personal representatives and
successors of the parties hereto. Nothing expressed or referred to in this
Agreement is intended or shall be construed to give any person other than the
parties to this Agreement, or their respective heirs, personal representatives
or successors, any legal or equitable rights, remedy or claim under or in
respect of this Agreement or any provision contained herein.

      16. Severability. If any term, provision, covenant or restriction of this
Agreement is held by a court of competent jurisdiction to be invalid, void or
unenforceable, the remainder of the terms, provisions, covenants and
restrictions of this Agreement shall remain in full force and effect and shall
in no way be affected, impaired or invalidated.

      17. Miscellaneous. The headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement.

                  [Remainder of Page Left Intentionally Blank]

                                            ALBANY INTERNATIONAL CORP.

                                            By:_________________________________
                                               Name:
                                               Title:

                                            [ ________________ ]

                                            By:_________________________________
                                               Name:
                                               Title:

                                       7
<PAGE>

                                    EXHIBIT A

              Albany International 2005 Performance Bonus Scorecard
                          Position: [ ______________ ]
<TABLE>
<CAPTION>
------------------------------------ ----------- -------------------- ------------------------------------------------------------
Performance Metrics                  Weight      Measurement                               Metric Percentage
------------------------------------ ----------- -------------------- ------------------------------------------------------------
                                                                          0%          50%         100%        150%        200%
------------------------------------ ----------- -------------------- ------------ ----------- ----------- ----------- -----------
<S>                                   <C>        <C>                    <C>          <C>         <C>         <C>         <C>
1.   Increase Consolidated EBITDA*   [ __ ]%     Financial              [ __ ]       [ __ ]      [ __ ]      [ __ ]      [ __ ]
     vs. 2004                                    Statements
------------------------------------ ----------- -------------------- ------------ ----------- ----------- ----------- -----------
2.   Achieve PMC Share of Market     [ __ ]%     Industry               [ __ ]%      [ __ ]%     [ __ ]%     [ __ ]%     [ __ ]%
     for Combined                                Association Data
     [ _______________ ]
------------------------------------ ----------- -------------------- ------------ ----------- ----------- ----------- -----------
3.    Increase Consolidated          [ __ ]%     Financial              [ __ ]       [ __ ]      [ __ ]      [ __ ]      [ __ ]
     Operating Income for                        Statements
     [ ______________ ]
------------------------------------ ----------- -------------------- ------------ ----------- ----------- ----------- -----------
4.    Increase Consolidated Net      [ __ ]%     Financial              [ __ ]       [ __ ]      [ __ ]      [ __ ]      [ __ ]
     Sales of [ __________ ]                     Statements
------------------------------------ ----------- -------------------- ------------ ----------- ----------- ----------- -----------
</TABLE>

The Performance Percentage = ([___]% x Metric Percentage of Metric 1) + ([___]%
x Metric Percentage of Metric 2), etc. For performance between the data points
indicated, the Metric Percentage shall be the interpolated value based on the
next higher and lower data points. Neither the Applicable Percentage, nor any
Metric Percentage, shall exceed 200%.

--------------------------------------------------------------------------------

All of the foregoing calculations shall be performed in a manner consistent with
the Company's past practice.

----------
*     EBITDA shall, to the extent required by GAAP, reflect expenses incurred
      pursuant to the Plan, including amounts paid out under this or any Plan
      award.exv10w1

 

Exhibit 10.1

NETWORK APPLIANCE, INC.

FY 2005 INCENTIVE COMPENSATION PLAN

I. OVERVIEW

	 	A.  	Plan Objectives. The objective of the Network Appliance, Inc. FY 2005
Incentive Compensation (the “Plan”) is to provide a means and guidelines under which
Network Appliance, Inc. can share, on a discretionary basis, its success with its
employees and the employees of its subsidiaries.
	 
	 	B.  	Plan Period. This Plan is effective for the period beginning May 1, 2004 and
automatically ending April 29, 2005 (“Plan Period” or “Fiscal Year”). Except for any
amounts payable under a sales incentive or commission plan, this Plan is the sole and
exclusive means by which any employee of Network Appliance, Inc. or of any of its
subsidiaries (collectively, the “Company”) may receive non-Base Pay incentive cash
compensation attributable to the Plan Period. With the exception of any sales
incentive or commission plan, this Plan replaces and supersedes all oral or written
representations, agreements and compensation plans, including but not limited to the FY
2004 Incentive Plan, that otherwise may have been in effect or provided non-Base Pay
cash compensation attributable to the Plan Period.

For the purposes of this Plan “Base Pay” cash compensation consists of actual gross
base salary, hourly wages, over-time pay, lead and shift differentials and paid
time-off for holidays, vacation and sick time. “Base Pay” excludes any other
compensation, including but not limited to bonus or incentive payments of any sort,
car allowances, relocation payments, expense reimbursements and advances, loans,
payments received in lieu of benefit plan participation, club membership
reimbursements and payments received from Company or government sponsored benefit
plans, including but not limited to disability pay, wage replacement benefits,
short-term/long-term disability payments, and workers’ compensation benefits.

	 	C.  	Participants. All employees of the Company are eligible to participate in this
Plan provided that they meet each of the following requirements:

	 	1.  	The individual is a regular employee of the Company

For purposes of this Plan, “regular employee” means an individual who is in
the employ of the Company during the fiscal year and is subject to the
control and direction of the employing entity as to both the work to be
performed and the manner and method of performance. Persons who have been
designated by the Company as independent contractors, temporary employees,
consultants or advisors shall not be eligible to participate in this Plan,
regardless of whether such designation is upheld in any legal or
administrative proceeding.

Page 1 of 5

 

	 	2.  	The employee is employed by the Company in a position that is
not eligible for participation in a Company sales, sales incentive or sales
commission plan or program.
	 
	 	3.  	The employee is employed by the Company in a Plan-eligible
position continuously from January 28, 2005 through April 29, 2005.
	 
	 	4.  	The employee was not on a Performance Improvement Plan at any
time during the Plan Period.
	 
	 	5.  	The employee was not rated “needs improvement” on the
employee’s most recent written performance evaluation.

	 	D.  	Changes to and Termination of the Plan. The Company reserves the right to
change or terminate this Plan, in whole or in part at any time during the Plan Period.
Any such change(s) or termination will be expressly memorialized in a writing signed by
an authorized member of the Compensation Committee of the Company’s Board of Directors
(“Committee”).

	 	E.  	Nature of the Plan. Whether to grant any incentive payments under this Plan,
and in what amounts, are fully discretionary. Participation in this Plan is not
intended, nor should it be interpreted, to create any entitlement to participate in
this or any future incentive plans or to receive the same or similar incentive payments
that may be received under this Plan. Because this Plan is discretionary, no
Participant should make any decision based on any hope or expectation of receiving any
incentive under this Plan.

II. INCENTIVE POOL GUIDELINES

	 	A.  	Determination of Incentive Pool Amount. At the end of the Plan Period and
closing of the Company’s Fiscal Year financials, and provided that the Company’s
Operating Profit meets or exceeds Plan, the Company may identify an amount that shall
be referred to as the “Incentive Pool.” In exercising its discretion to determine
whether to identify an Incentive Pool amount and, if so, in what amount, the Company
will consider all circumstances then-existing that it deems relevant, including, but
not limited to, market conditions and forecasts, and anticipated expenses to be
incurred or payable during the new fiscal year.

For the purposes of the Plan “Operating Profits” shall represent the company’s
reported income from operations in accordance with generally accepted accounting
principles adjusted to exclude the following: (i) any amounts accrued by the
Company pursuant to the FY 2004 Incentive Plan; (ii) any operating profit items
excluded from the company’s reported proforma result. These items can include
amortization of goodwill and intangibles, acquired in-process research &
development, stock compensation and restructuring charges.

Page 2 of 5

 

III. INCENTIVE AWARDS

	 	A.  	Calculation of Incentive Awards. The Company reserves full discretion to
determine the number and the amounts of incentive awards to be made under this Plan.
The Company may decide to make awards based on position level or any one or more other
factors, including but not limited to Participants’ performance rating for the Plan
Period, in whole or in part, or the amount of Base Pay received by Participants during
the Plan Period.

	 	B.  	Adjustments to Calculation of Incentive Awards. If the Company elects to use
any factor other than Base Pay as the basis to determine the amount of incentive awards
to be made under this Plan, or elects to use Base Pay and one or more other factors as
the bases to determine the amount of incentive awards to be made under this Plan, any
incentive award to be made to a Participant will be adjusted to reflect the amount of
time during the Plan Period that the Participant was actively employed in a
Plan-eligible position:

	 	1.  	if the Participant commenced Plan participation after the
beginning of the Plan Period due to hire or transfer into a Plan eligible
position after the Plan Period began; or

	 	2.  	if the Participant, while employed in a Plan-eligible position,
was on an approved leave of absence with a statutory or written contractual
guarantee of reinstatement.

If the Company elects to use only Base Pay as the basis to determine the amount of
incentive awards to be made under this Plan, no pro-rata adjustment will be made to
a Participant’s incentive award amount due to late entry into Plan Participation or
due to a leave of absence during the Plan Period.

	 	C.  	Payment of Incentive Awards. No special fund shall be established, and no
segregation of assets shall be made, to assure payment of any incentive awards under
this Plan. Any incentive awards paid under this Plan shall be made in cash.

	 	D.  	Timing of Incentive Awards. Any incentive awards that may be made under this
Plan likely will be made on a date that is within approximately two (2) months after
the end of the Fiscal Year.

	 	E.  	Deductions from Incentive Awards. Any Incentive award paid under this Plan is
subject to the following: (i) tax withholdings, (ii) such other withholdings authorized
in writing by the Plan Participant, and (iii) withholdings required by wage garnishment
or other court or government orders received by the Company.

Page 3 of 5

 

IV. MISCELLANEOUS

	 	A.  	Plan Administration. The Committee administers this Plan on behalf of the
Company, including but not limited to interpreting this Plan document, adopting
policies and procedures for administration of this Plan, making any and all
determinations to be made under this Plan, including changes to and termination of this
Plan during the Plan Period. The Committee reserves the right to delegate any or all
administration duties and responsibilities under this Plan to any officer or employee
of the Company, and to revoke any such delegation at any time.

	 	B.  	Limitations:

	 	1.  	Neither this Plan, nor any term, condition or provision of this
Plan is intended to create any entitlement of any employee of the Company to
any incentive award or other benefit under this Plan, or in lieu of an award or
benefit under this Plan. It is the Company’s intent that this Plan be a fully
discretionary incentive plan.

	 	2.  	Neither this Plan, nor any term, condition or provision of this
Plan is intended to terminate or change any right or obligation existing under
a non-disclosure/confidential/proprietary/trade secrets information and
inventions assignment agreement between any individual and the Company.

	 	3.  	Incentive awards made under this Plan are not considered for
the purpose of calculating any extra benefits; any termination, severance,
redundancy, or end-of-service premium payments; other bonuses or long-service
awards; overtime premiums; pension or retirement benefits; or future Base Pay
or any other payment to be made by the Company to a Participant or former
Participant.

	 	4.  	(U.S. Only) Neither this Plan, nor any term, condition or
provision of this Plan is intended to alter the at-will nature of employment
with the Company. All employment with the Company is for an indefinite period
of time and may terminated by the employee or the Company at any time, with or
without cause or advance notice. The at-will nature of employment with the
Company can only be changed by an individualized, express written agreement
signed by the President of Network Appliance, Inc. and by the employee.

	 	C.  	Severability & Conformance to Applicable Law. If any one or more terms,
conditions or provision of this Plan is contrary to applicable law, this Plan shall be
interpreted to exclude any such term, condition or provision and the remainder of this
Plan shall remain in full force and effect as if such term, condition or provision was
never contained herein. Alternatively, and only if any such term, condition or
provision is not severable, this Plan shall be conformed to applicable

Page 4 of 5

 

	 	   	law so that all of its terms, conditions and provisions are enforceable under
applicable law and are consistent with the Company’s intent to maintain and
administer a fully discretionary bonus plan for the Plan Period.

	 	D.  	Applicable Law. This Plan is governed by the law of the locality(ies) where
the Plan Participant was last employed by the Company as a Plan Participant on April
30, 2005.

Page 5 of 5

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