Document:

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Exhibit 10.16

The John B. Sanfilippo & Son, Inc.

Supplemental Retirement Plan

(restated effective as of August 25, 2005)

1. Purpose. The purpose of the John B. Sanfilippo & Son, Inc. Supplemental Retirement Plan
(the “Plan”) is to provide unfunded, non-qualified deferred compensation benefits upon retirement,
disability and death to a select group of management and key employees of John B. Sanfilippo & Son,
Inc. and its subsidiaries (the “Company”). As of the date set forth below, the Plan is hereby
restated effective as of August 25, 2005 to clarify the Plan’s administration and to ensure
compliance with Section 409A of the Internal Revenue Code of 1986, as amended, and all regulations
issued thereunder and any applicable guidance thereto (“Code Section 409A”).

2. Participation. Only those employees of the Company who are selected by the
Compensation, Nominating and Corporate Governance Committee of the Board of Directors (the “CNG
Committee”) of the Company in it sole discretion for participation herein (“Participants”) shall
participate in the Plan. Participants are neither required nor permitted to contribute to the
Plan.

3. Eligibility for Plan Benefits. Participants with at least 5 years of employment shall
be eligible to receive monthly benefits under the Plan after separating from service with the
Company, provided that such Participant’s employment with the Company has not been terminated for
“cause” as determined by the Company in its sole discretion under the standards set forth herein.
Upon such a termination for cause, all benefit rights under the Plan will terminate and be
forfeited.

For purposes of the foregoing, the employment of a Participant shall be deemed to have been
terminated by the Company for “cause” if such Participant has:

	 	(a)	 	engaged in one or more acts constituting a felony, or involving fraud or serious moral
turpitude; or
	 
	 	(b)	 	willfully refused (except by reason of incapacity due to accident or illness) to perform
substantially his duties, provided that such refusal shall have resulted in demonstrable
material injury to the Company or its subsidiaries; or
	 
	 	(c)	 	willfully engaged in gross misconduct materially injurious to the Company.

4. Benefit.

	 	(a)	 	Separation On or After Age 65. Subject to Sections 3 and 4(c),
benefits under the Plan shall commence as soon as administratively feasible after a
Participant’s separation from service with the Company on or after age 65. Subject to
the last paragraph of this Section 4(a), equal monthly installments (as determined
below) will be paid to the Participant for the Participant’s life only.

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	 	 	 	These equal monthly installments (“EMI”) will be determined according to the
following formula:

EMI = 1/12 x (X x Y)

	 	 	 	where “X” means 50% of the average of the Participant’s actual annual base earnings
and bonuses earned over any consecutive 5 calendar year period that falls within the
10 calendar years immediately preceding the date the Participant separates from
service with the Company and that maximizes the average of such base earnings plus
bonuses; and
	 
	 	 	 	where “Y” is the number of full years employed by the Company divided by the greater
of (i) 20, or (ii) the number of full years the Participant would have been employed
if he had been employed by the Company continuously from his hire date through his
attainment of age 65, provided such quotient may not exceed 1.
	 
	 	 	 	In the event that the Participant’s benefits commence after his attainment of age
65, his benefit as otherwise computed under the Plan shall be adjusted for the time
value of money (interest only) from age 65 to age at actual retirement.
	 
	 	 	 	For purposes of this Plan, “Actuarial Equivalent” means a benefit of equivalent
value, as certified by the Company’s actuary, computed on the basis of the actuarial
assumptions set forth in Section 417(e)(3) of the Internal Revenue Code of 1986, as
amended, including the interest rate for the month before the date of distribution.
	 
	 	 	 	If the Participant has a beneficiary as defined herein, the benefits shall be in the
form of a joint and 100% contingent annuitant benefit, which is the Actuarial
Equivalent, of the Participant’s life only benefit, provided, however, that solely
for this purpose, the 1983 GAM table (sex distinct) shall be substituted for the
table specified in Section 417(e)(3) of the Internal Revenue Code of 1986, as
amended.
	 
	 	(b)	 	Separation Before Age 65. Subject to Sections 3 and 4(c), in the event
the Participant separates from service with the Company prior to age 65, the benefit
formula of Section 4(a) (subject to the reductions described in this Section 4(b)) will
apply and equal monthly installments of such reduced benefit will commence as soon as
administratively feasible on or after the Participant’s attainment of age 55 if the
Participant has been credited with, at least, 10 full years of employment at the time
of his separation from service. Subject to Sections 3 and 4(c), if such Participant is
already age 55 or older by the time of separation from service with the Company, such
reduced Section 4(a) benefits will commence as soon as administratively feasible if the
Participant has been credited with, at least, 10 full years of employment at the time
of his separation from service. In the event that a Participant separates from service
prior to age 65, and has not been credited with 10 full years of employment at the time
of his separation from service, his

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	 	 	 	benefits may not commence until he has attained age 65, at which time his benefits
will commence as soon as administratively feasible. However, if the Participant
predeceases his or her beneficiary before benefit commencement as described herein
and has met the requirements of Section 3, the Participant’s beneficiary will
receive Plan benefits for such beneficiary’s life, commencing as soon as
administratively feasible after the Participant’s date of death (but no earlier than
the date the Participant would have attained age 55) and equal to the benefit that
would have been payable to the beneficiary, assuming the Participant had lived to
his or her benefits commencement date and died the day after.
	 
	 	 	 	In all cases, benefits under this Section 4(b) will be the Actuarial Equivalent of
the Age 65 benefit, and in the case of disability, any such benefit will be further
reduced by any benefits received under any of the Company’s long-term disability
benefit plans until the Participant ceases to receive disability benefits. For
purposes of the Plan, “disability” shall mean a Participant is unable to engage in
any substantial gainful activity by reason of any medically determinable physical or
mental impairment which can be expected to result in death or can be expected to
last for a continuous period of not less than 12 months. The determination of
whether this disability standard is met will be at the sole discretion of the
Company, as determined based upon evidence satisfactory to it.
	 
	 	(c)	 	Additional Benefit Restrictions. The determination/calculation of the
amounts of all benefits under the Plan will be final, irrevocable and not subject to
adjustment after the date benefits commence. Notwithstanding anything to the contrary,
in the event the present lump sum Actuarial Equivalent value of benefits under the Plan
on the benefit commencement date is less than or equal to $50,000.00, such benefits
will be paid to the Participant or the Participant’s beneficiary in a single lump sum
distribution. All applicable benefit payments under the Plan will be subject to the
distribution rules of Code Section 409A. Accordingly, if, at the time the Participant
becomes entitled to payments and benefits under the Plan, the Participant is a
Specified Employee (as defined and determined under Code Section 409A), then,
notwithstanding any other provision in the Plan to the contrary, the following
provision shall apply. No Plan payments considered deferred compensation under Code
Section 409A and not subject to an exception or exemption thereunder, shall be paid to
the Participant until the date that is six (6) months after the Participant’s effective
date of termination. In the event that benefit commencement must be deferred pursuant
to those rules, such benefits that would otherwise have been paid during this six-month
period shall be aggregated and paid at the time benefits commence.
	 
	 	 	 	If the Participant does not have a beneficiary on the date benefits commence,
benefits will cease upon the Participant’s death. Notwithstanding anything to the
contrary, if both the Participant and the Participant’s beneficiary die before
benefit commencement, all entitlement to benefits will terminate. For all purposes
of the Plan, “beneficiary” shall be determined on the date benefits commence and
shall be the Participant’s legally married spouse or the

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	 	 	 	Participant’s domestic partner. The term “domestic partner” shall mean either a
same-sex or opposite-sex individual that is not legally married, not dependent on
anyone (other than the Participant) for anything, at least 18 years old and with
whom the Participant (i) maintains a single, dedicated relationship that is intended
to be permanent; (ii) has shared the same principal residence for at least 1 year
and intends to continue to do so permanently; and (iii) is financially
interdependent (e.g., joint ownership of real property, joint bank accounts, each is
the primary beneficiary of the other on wills, trusts, and benefit plans). The
determination of whether a Participant has a domestic partner under the foregoing
standards will be at the sole discretion of the Company.

5. Non-alienability. Neither the Participant nor the Participant’s beneficiary under this
Plan shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute,
modify, pledge or otherwise encumber any benefits payable hereunder. None of the benefits
hereunder shall be subject to seizure for the payment of any debts, judgments, alimony, or separate
maintenance owed by the Participant, the Participant’s beneficiary, or any of them, and such
benefits shall not be transferable by operation of law in the event of bankruptcy, insolvency, or
otherwise. In the event the Participant or the Participant’s beneficiary attempts an assignment,
commutation, hypothecation, transfer, or disposal of the benefits hereunder, the Company’s
liabilities shall forthwith automatically cease and terminate.

6. Exclusive Benefit. Nothing contained in this Plan shall be construed to alter, abridge,
or in any manner affect the rights and privileges of the Participant to participate in and be
covered by any pension, profit-sharing, group insurance, bonus, or similar plans which the Company
may now or hereafter have for employees of the Company. Benefits that may be awarded under the
Plan shall not be considered in any way in determining the value or amount of any other
compensation or benefit that the Company may offer or provide to any Participants.

7. Unfunded Status. The Company reserves the absolute right at its sole and exclusive
discretion either to fund the obligations of the Company undertaken by this Plan via a Rabbi trust
or to refrain from funding the same, and to determine the extent, nature, and method of such
funding. The Company reserves the absolute right, in its sole discretion, to terminate any funding
program, at any time, either in whole or in part, that it may establish. At no time shall the
Participant be deemed to have any right, title, or interest in any specified asset or assets of the
Company or any such Rabbi trust. This Plan shall not be construed as a giving the Participant or
the Participant’s beneficiary any greater rights than those of any other unsecured general creditor
of the Company.

8. Amendment and Termination. Upon receiving the approval of the CNG Committee, the
Company shall have the right, in its sole discretion, to amend the Plan (including retroactively)
at any time, and from time to time, in whole or in part, for any reason, including without
limitation compliance with Code Section 409A. Except as may be provided in Section 16, upon
receiving the approval of the CNG Committee, the Company may terminate the Plan at any time and for
any reason. In all cases, no such amendment or termination may deprive a Participant or
Participant’s beneficiary of any benefit which has been accrued as of the date of such amendment or
termination.

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9. Administration. The Company shall be responsible, except for duties specifically vested
in the CNG Committee, for the administration of the provisions of the Plan. The Company shall have
the discretionary authority to interpret and construe the terms of the Plan and to resolve all
issues arising under the Plan consistent with the terms of the Plan. The discretionary authority
of the Company shall also include, but is not limited to, the authority to (a) determine the
amount, if any, of benefits to which any Participant or beneficiary is entitled; (b) determine the
timing of payment of benefits; (c) resolve all other issues arising under the Plan; and (d) engage
any investment advisors, actuaries, accountants, lawyers or other professionals to aid in the
administration of the Plan. As such, benefits will only be paid if the Company determines that a
person is entitled to them.

10. Claim Procedures.

	 	(a)	 	Initial Action. All claims for benefits under this Plan shall be made
by filing a written claim with the Company which shall set forth sufficient evidence of
entitlement to such benefits. The Company shall notify the claimant in writing as to
the amount of benefits to which he or she is entitled, the timing of payments of
benefits, and any other pertinent information. If a claim for benefits is denied, in
whole or in part, the Company shall provide adequate notice in writing to the claimant
whose claim has been denied within 90 days after receipt of the claim unless special
circumstances require an extension of time for processing the claim. Claimants shall
be notified in writing of any such extension of time. The notice of denial shall
provide specific reasons for the denial, shall make reference to any pertinent Plan
provisions on which the denial is based, and shall inform the claimant that any appeal
of the denial must be made by giving the Company, within 60 days after receipt of the
notice of the denial, written notice of such appeal which describes the pertinent
issues and the basis of the claim. In the event of any appeal, a claimant or his or
her duly authorized representative may review pertinent documents upon request or
submit any relevant materials to support his or her claim. If a claimant fails to
timely file an appeal, the Company’s adverse determination shall be final, binding and
conclusive.
	 
	 	(b)	 	Appeal. If the Company receives a timely notice of appeal of a denial,
such notice and all relevant materials shall be immediately submitted to the Company.
The Company may hold a hearing or otherwise ascertain such facts as it deems necessary
and shall render a decision on the appeal. The decision of the Company shall be made
within 60 days after the receipt by the Company of the notice of appeal unless special
circumstances require an extension of time for processing the appeal. Claimants shall
be notified in writing of any such extension of time. The Company’s decision shall be
in writing and shall provide specific reasons for the decision and shall make reference
to any pertinent Plan provisions on which the decision is based. The Company’s
determination on appeal shall be final, binding and conclusive.
	 
	 	(c)	 	Legal Action. No legal or equitable action shall be brought in any
court until after the claim procedure set forth in this Section 10 has been fully
exhausted.

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11. Governing Law. The laws of the state of Illinois shall govern the Plan, except to the
extent superseded by applicable federal law, including, but not limited to, Code Section 409A.

12. Severability. If any provision of this Plan shall for any reason be held to be invalid
or unenforceable, such invalidity or unenforceability shall not affect any other provision thereof,
but this Plan will be given effect in such a manner as will best carry out the purposes and
intentions of the parties.

13. No Contract of Employment. This Plan shall not be deemed to constitute a contract of
employment.

14. Plan Year. The Plan shall be administered on a calendar year basis, except that in
2005 there shall be a “short” plan year ending December 31, 2005.

15. Withholding from Payments. The Company shall withhold from any amounts payable under
the Plan all federal, state, city and local taxes as shall be legally required.

16. Successors. The Plan shall not be terminated by a transfer or sale of substantially
all of the assets of the Company or by the merger or consolidation of the Company into or with any
other corporation or entity in which the Company is not the surviving entity. The Plan shall be
continued after such sale, merger, or consolidation and the transferee, purchaser, or successor
entity shall be required as part of such sale, merger or consolidation to agree to such
continuation. In addition, such transferee, purchaser, or successor entity shall not take any
action under the Plan that will cause any payments or benefits that have been previously determined
to be (or is determined to be) subject to Code Section 409A to fail to comply in any respect with
Code Section 409A without the written consent of the Participant.

17. FICA Tax Obligation. Without limiting the provisions of Section 15 hereof, any
applicable FICA tax obligations are the responsibility of the Participant. In no event shall the
payment of FICA taxes by the Participant give him any rights other than those expressly provided
for in this Plan.

18. Code Section 409A. It is also the intention under this Plan that all income tax
liability on payments made pursuant to the Plan be deferred until the Participant actually receives
such payment in accordance with the requirements of Code Section 409A, to the extent Code Section
409A applies to such payments. Therefore, if any provision of the Plan is found not to be in
compliance with any applicable requirements of Code Section 409A, that provision will be deemed
amended so that the Plan does so comply to the extent permitted by law and deemed advisable by the
Company, and in all events the Plan will be construed in favor of its meeting any applicable
requirements of Code Section 409A. The preceding provisions shall not be construed as a guarantee
by the Company of any particular tax effect for payments made pursuant to the Plan.

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     IN WITNESS WHEREOF, the Company has caused this restated Plan to be duly executed on the date
set forth below.

	 	 	 	 	 	 	 
	 	 	JOHN B. SANFILIPPO & SON, INC.
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	By:	 	/s/  Michael J. Valentine	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Its:	 	Chief Financial Officer and Group President	 	 
	 
	 	 	 	 	 	 
	 

	 	Date:	 	August 2, 2007	 	 

7exv10w2

 

Exhibit 10.2

COMPELLENT TECHNOLOGIES, INC.

INDEMNITY AGREEMENT

     THIS AGREEMENT is made and entered into this ___day of                      2007 by and between
COMPELLENT TECHNOLOGIES, INC., a Delaware corporation (the “Corporation”), and                                         
(“Agent”).

RECITALS

     Whereas, Agent performs a valuable service to the Corporation in the capacity as a
director or officer of the Corporation;

     Whereas, the stockholders of the Corporation have adopted bylaws (the “Bylaws”)
providing for the indemnification of the directors, officers, employees and other agents of the
Corporation, including persons serving at the request of the Corporation in such capacities with
other corporations or enterprises, as authorized by the Delaware General Corporation Law, as
amended (the “Code”);

     Whereas, the Bylaws and the Code, by their non-exclusive nature, permit contracts
between the Corporation and its agents, officers, employees and other agents with respect to
indemnification of such persons; and

     Whereas, in order to induce Agent to continue to serve as a director or officer of
the Corporation, the Corporation has determined and agreed to enter into this Agreement with Agent;

     Now, Therefore, in consideration of Agent’s continued service as a director or
officer of the Corporation that began on                     , the parties hereto agree as follows:

AGREEMENT

1. DEFINITIONS.

          (a) Expenses. For purposes of this Agreement, the term “Expenses” shall be broadly
construed and shall include, without limitation, all direct and indirect costs of any type or
nature whatsoever (including, without limitation, all attorneys’, witness, or other professional
fees and related disbursements, and other out-of-pocket costs of whatever nature), actually and
reasonably incurred by Agent in connection with the investigation, defense or appeal of a
Proceeding or establishing or enforcing a right to indemnification under this Agreement, the Code
or otherwise and all judgments, fines or penalties and amounts paid in settlement by or on behalf
of Agent, but shall not include any judgments, fines or penalties actually levied against Agent for
such individual’s violations of law to the extent payment of such amounts is not permitted by
Delaware or other applicable laws.

          (b) Change in Control. For purposes of this Agreement, a “Change in Control” shall be
deemed to have occurred if (i) following the date of registration of the Company’s securities under
the Securities Act of 1933, as amended, any “person” (as such term

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is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934 (the “Act”)), other
than a trustee or other fiduciary holding securities under an employee benefit plan of the
Corporation or a corporation owned directly or indirectly by the stockholders of the Corporation in
substantially the same proportions as their ownership of stock of the Corporation, becomes the
“beneficial owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities
of the Corporation representing more than twenty percent (20%) of the total voting power
represented by the Corporation’s then outstanding Voting Securities; or (ii) there is consummated a
merger, consolidation or similar transaction involving (directly or indirectly) the Corporation if,
immediately after the consummation of such merger, consolidation or similar transaction, the
stockholders of the Corporation immediately prior thereto do not own, directly or indirectly,
either (A) outstanding Voting Securities representing more than fifty percent (50%) of the combined
outstanding voting power of the surviving entity in such merger, consolidation or similar
transaction or (B) more than fifty percent (50%) of the combined outstanding voting power of the
parent of the surviving entity in such merger, consolidation or similar transaction.

          (c) Independent Legal Counsel. For purposes of this Agreement, “Independent Legal
Counsel” shall mean an attorney or firm of attorneys, selected in accordance with the provisions of
Section 6 hereof, who shall not have otherwise performed services for the Corporation (or for any
entity that now or in the future is controlled by, controlling or under common control with the
Corporation) or Agent within the last three years (other than with respect to matters concerning
the rights of Agent under this Agreement, or of other indemnitees under similar indemnity
agreements).

          (d) Proceeding. For purposes of this Agreement, the term “Proceeding” shall mean and
shall include, without limitation, any threatened, pending, or completed action, suit, arbitration,
alternate dispute resolution mechanism, investigation, inquiry, administrative hearing, whether
brought in the right of or by the Corporation or otherwise and whether of a civil, criminal,
administrative or investigative nature, and whether formal or informal in any case, in which Agent
was, is or will be involved as a party or otherwise by reason of the fact that: (i) Agent is or
was a director, officer, employee or agent of the Corporation; (ii) Agent took an action while
acting as director, officer, employee or agent of the Corporation; or (iii) Agent is or was serving
at the request of the Corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust, employee benefit plan or other enterprise, and in any such case
described above, whether or not serving in any such capacity at the time any Expense is incurred
for which indemnification, reimbursement, or advancement of Expenses may be provided under this
Agreement.

          (e) Voting Securities. For purposes of this Agreement, “Voting Securities” shall mean
any securities of the Corporation that vote generally in the election of directors.

     2. SERVICES TO THE CORPORATION. Agent will serve, at the will of the Corporation or under
separate contract, if any such contract exists, as a director or officer of the Corporation or as a
director, officer or other fiduciary of an affiliate of the Corporation (including any employee
benefit plan of the Corporation) faithfully and to the best of Agent’s ability so long as Agent is
duly elected and qualified in accordance with the provisions of the Bylaws or other applicable
charter documents of the Corporation or such affiliate; provided, however, that Agent may at any
time and for any reason resign from such position (subject to

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any contractual obligation that Agent may have assumed apart from this Agreement) and that the
Corporation or any affiliate shall have no obligation under this Agreement to continue Agent in any
such position.

     3. INDEMNITY OF AGENT. The Corporation hereby agrees to hold harmless and indemnify Agent at
all times for all actions or omissions occurring during the term of such Agent’s service as a
director or officer of the Corporation or as a director, officer or other fiduciary of an affiliate
of the Corporation to the fullest extent authorized or permitted by the provisions of the Bylaws
and the Code, as the same may be amended from time to time (but, only to the extent that such
amendment permits the Corporation to provide broader indemnification rights than the Bylaws or the
Code permitted prior to adoption of such amendment), including with respect to both acts and
omissions. These obligations and the other obligations of the Corporation in this Agreement apply
regardless of whether the conduct or omission giving rise to the obligations occurred before or
occur after the date this Agreement is executed.

     4. CONTINUATION OF INDEMNITY. All agreements and obligations of the Corporation contained
herein shall continue during the period Agent is a director, officer, employee or other agent of
the Corporation (or is or was serving at the request of the Corporation as a director, officer,
employee or other agent of another corporation, partnership, joint venture, trust, employee benefit
plan or other enterprise) and shall continue thereafter so long as Agent shall be subject to any
possible Proceeding by reason of the fact that Agent was serving as a director or officer of the
Corporation.

     5. PARTIAL INDEMNIFICATION. Agent shall be entitled under this Agreement to indemnification
by the Corporation for a portion of the Expenses that Agent becomes legally obligated to pay in
connection with any Proceeding even if not entitled hereunder to indemnification for the total
amount thereof, and the Corporation shall indemnify Agent for the portion thereof to which Agent is
entitled.

     6. CHANGE IN CONTROL. The Corporation agrees that if there is a Change in Control of the
Corporation then, all rights hereunder shall continue without change or reduction. To the extent
that following a Change in Control the Corporation concludes that Agent is not entitled to
indemnification for a claim hereunder or under other Indemnification Provisions (as defined below),
Agent shall have the right, at Agent’s option, to submit matters relating to the determination of
the right of Agent to indemnification for such claim (including, but not limited to, any right to
advancement of Expenses) under this Agreement, any other agreement with the Corporation providing
for indemnification, the Certificate, Bylaws and applicable law (collectively, the “Indemnification
Provisions”) as now or hereafter in effect, to Independent Legal Counsel (as defined in Section 1
hereof) who shall be selected by Agent and approved by the Corporation (which approval shall not be
unreasonably withheld). Such Independent Legal Counsel shall render its written opinion to the
Corporation and Agent as to whether and to what extent Agent would be permitted to be indemnified
under the Indemnification Provisions prior to and after the consummation of such Change in Control
and such opinion shall be binding upon Agent and the Corporation. The Corporation agrees to pay
the reasonable fees of the Independent Legal Counsel referred to above and to fully indemnify such
counsel against any and all Expenses arising out of or relating to this Agreement or its engagement
pursuant hereto.

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     7. NOTIFICATION AND DEFENSE OF CLAIM. Not later than thirty (30) days after receipt by Agent
of notice of the commencement of any Proceeding, Agent will, if a claim in respect thereof is to be
made against the Corporation under this Agreement, notify the Corporation of the commencement
thereof; but the omission so to notify the Corporation will not relieve it from any liability which
it may have to Agent otherwise than under this Agreement. With respect to any such Proceeding as to
which Agent notifies the Corporation of the commencement thereof:

          (a) the Corporation will be entitled to participate therein at its own expense;

          (b) except as otherwise provided below, the Corporation may, at its option and jointly with
any other indemnifying party similarly notified and electing to assume such defense, assume the
defense thereof, with counsel reasonably satisfactory to Agent. After notice from the Corporation
to Agent of its election to assume the defense thereof, the Corporation will not be liable to Agent
under this Agreement for any Expenses subsequently incurred by Agent in connection with the defense
thereof except for reasonable costs of investigation or otherwise as provided below. Agent shall
have the right to employ separate counsel in such Proceeding but the Expenses of such counsel
incurred after notice from the Corporation of its assumption of the defense thereof shall be at the
expense of Agent; provided, however, that the Expenses of Agent’s separate counsel shall be borne
by the Corporation if (i) the employment of counsel by Agent has been authorized by the
Corporation, (ii) Agent reasonably shall have concluded that there may be a conflict of interest
between the Corporation and Agent in the conduct of the defense of such action or (iii) the
Corporation in fact shall not have employed counsel to assume the defense of such action. The
Corporation shall not be entitled to assume the defense of any Proceeding brought by or on behalf
of the Corporation or as to which Agent shall have made the conclusion provided for in clause (ii)
above; and

          (c) the Corporation shall not be liable to indemnify Agent under this Agreement for any
amounts paid in settlement of any action or claim effected without its written consent, which shall
not be unreasonably withheld. The Corporation shall be permitted to settle any action except that
it shall not settle any action or claim in any manner which would impose any penalty or limitation
on Agent without Agent’s written consent, which may be given or withheld in Agent’s sole
discretion.

     8. EXPENSES. Promptly following request therefor, the Corporation shall advance, prior to the
final disposition of any Proceeding, all Expenses incurred by Agent in connection with such
Proceeding. Through Agent’s execution of this Agreement, Agent hereby agrees to repay any such
amounts advanced for any matter under this Agreement if it shall ultimately be determined by a
final judicial decision from which there is no further right of appeal that Agent is not entitled
to be indemnified. Any advancement by the Corporation hereunder shall be done in express reliance
on the preceding undertaking and the Corporation agrees that no further agreement or
acknowledgement shall be required.

     9. ENFORCEMENT. Any right to indemnification or advances granted by this Agreement to Agent
shall be enforceable by or on behalf of Agent in any court of competent jurisdiction if (i) the
claim for indemnification or advances is denied, in whole or in part, or (ii) no disposition of
such claim is made within ninety (90) days of request therefor. Agent, in such

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enforcement action, if successful in whole or in part, also shall be entitled to be paid the
expense of prosecuting Agent’s claim. Neither the failure of the Corporation (including its Board
of Directors or its stockholders) to have made a determination prior to the commencement of such
enforcement action that indemnification of Agent is proper in the circumstances, nor an actual
determination by the Corporation (including its Board of Directors or its stockholders) that such
indemnification is improper shall be a defense to the action or create a presumption that Agent is
not entitled to indemnification under this Agreement or otherwise.

     10. SUBROGATION. In the event of payment under this Agreement, the Corporation shall be
subrogated to the extent of such payment to all of the rights of recovery of Agent, who shall
execute all documents required and shall do all acts that may be necessary to secure such rights
and to enable the Corporation effectively to bring suit to enforce such rights.

     11. NON-EXCLUSIVITY OF RIGHTS. The rights conferred on Agent by this Agreement shall not be
exclusive of any other right Agent may have or hereafter acquire under any statute, provision of
the Corporation’s Certificate of Incorporation or Bylaws, agreement, vote of stockholders or
directors, or otherwise, both as to action in Agent’s official capacity and as to action in another
capacity while holding office.

12. SURVIVAL OF RIGHTS.

          (a) The rights conferred on Agent by this Agreement shall continue after Agent has ceased to
be a director, officer, employee or other agent of the Corporation or to serve at the request of
the Corporation as a director, officer, employee or other agent of another corporation,
partnership, joint venture, trust, employee benefit plan or other enterprise and shall inure to the
benefit of Agent’s heirs, executors and administrators.

          (b) The Corporation shall require any successor (whether direct or indirect, by purchase,
merger, consolidation or otherwise) to all or substantially all of the business or assets of the
Corporation, expressly to assume and agree to perform this Agreement in the same manner and to the
same extent that the Corporation would be required to perform if no such succession had taken
place.

     13. SEPARABILITY. Each of the provisions of this Agreement is a separate and distinct
agreement and independent of the others, so that if any provision hereof shall be held to be
invalid for any reason, such invalidity or unenforceability shall not affect the validity or
enforceability of the other provisions hereof. Furthermore, if this Agreement shall be invalidated
in its entirety on any ground, then the Corporation shall nevertheless indemnify Agent to the
fullest extent provided by the Bylaws, the Code or any other applicable law.

     14. GOVERNING LAW. This Agreement shall be interpreted and enforced in accordance with the
laws of the State of Delaware.

     15. AMENDMENT AND TERMINATION. No amendment, modification, termination or cancellation of
this Agreement shall be effective unless in writing signed by both parties hereto.

5

 

     16. IDENTICAL COUNTERPARTS. This Agreement may be executed in one or more counterparts, each
of which shall be deemed for all purposes to be an original but all of which together shall
constitute this Agreement.

     17. HEADINGS. The headings of the sections of this Agreement are inserted for convenience
only and shall not be deemed to constitute part of this Agreement or to affect the construction
hereof.

     18. NOTICES. All notices, requests, demands and other communications hereunder shall be in
writing and shall be deemed to have been duly given (i) upon delivery if delivered by hand to the
party to whom such communication was directed or (ii) upon the third business day after the date on
which such communication was mailed if mailed by certified or registered mail with postage prepaid:

          (a) If to Agent, at the address indicated on the signature page hereof.

          (b) If to the Corporation, to

Compellent Technologies, Inc.

7625 Smetana Lane

Eden Prairie, MN 55344

or to such other address as may have been furnished to Agent by the Corporation, or to such other
address as the Agent may direct in writing the Corporation to use.

     In Witness Whereof, the parties hereto have executed this Agreement on and as of the
day and year first above written.

	 	 	 	 	 
	Compellent Technologies, Inc.	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 
	Title:
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Agent	 	 
	 
	 	 	 	 
	 	 	 
	(Signature)	 	 
	 
	 	 	 	 
	Agent Name and Address:	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 

6

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