Document:

Severance Agreement

 Exhibit 10.1 
 SEVERANCE AGREEMENT 
 This Severance Agreement
(the “Agreement”) is made as of this 2nd day of
January, 2013 by and between American Superconductor Corporation (the “Company”), and Susan J. DiCecco (the “Executive”). 
 WHEREAS, the Executive currently serves as the Company’s Senior Vice President, Corporate Administration; 
 WHEREAS, the Company and the Executive believe that it is in their mutual best interests for the Company to terminate the Executive’s employment effective December 31, 2012 (the
“Termination Date”), as part of the Company’s current restructuring; 
 WHEREAS, the Executive and the
Company are parties to an Executive Severance Agreement dated September 8, 2009 (“Executive Agreement”) and an offer letter dated July 7, 2000 (the “Offer Letter”); 

WHEREAS, the Executive and the Company believe that it is in their mutual interests to terminate the Executive Agreement and Offer
Letter and secure the benefits in accordance with this Agreement; 
 WHEREAS, the Executive holds 38,800 shares of
time-based restricted stock awards issued to her under the Company’s 2007 Stock Incentive Plan, as amended, which pursuant to their terms will be forfeited to the Company on the Termination Date;  

WHEREAS, as part of this Agreement, on December 27, 2012, the Company received authorization from the Compensation Committee
of the Board of Directors of the Company (the “Compensation Committee”) to (i) make an award of 38,800 restricted stock units under the Company’s 2007 Stock Incentive Plan, as amended (which is equal to the number of shares of
time-based restricted stock awards being forfeited on the Termination Date), with each such restricted stock unit representing the right to receive one share of common stock, $0.01 par value per share of the Company (the “Common Stock”) ,
(ii) provide for the accelerated vesting of certain outstanding options to purchase 58,000 shares of Common Stock held by the Executive as set forth in Paragraph 1(d)(i) below, and (iii) extend the exercise date of certain outstanding
options to purchase 69,333 shares of Common Stock held by the Executive as set forth in Paragraph 1(d)(ii) below;  

WHEREAS, the Company also has agreed to offer the Executive the Severance Benefits (as defined below) set forth in Paragraph 1
below, provided that she signs and returns this Agreement to John Powell at the Company no earlier than the Termination Date but no later than February 14, 2013 and does not revoke it as set forth in Paragraph 13 below; 

 WHEREAS, if the Executive does not sign and return this Agreement by February 14,
2013, then (i) the Severance Benefits set forth in Paragraph 1 below, and (ii) all other terms and conditions offered to the Executive in this Agreement shall expire and no longer be capable of being accepted; and 

WHEREAS, the Company advised the Executive to consult with an attorney of her own choosing prior to executing this Agreement.

 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants contained herein, the parties agree as
follows: 
 1. Severance Benefits. Provided the Executive timely signs and returns this Agreement no earlier than her Termination
Date but no later than February 14, 2013, and does not revoke this Agreement, the Company will provide her, subject to the terms and conditions set forth in Attachment A, the following severance benefits (the “Severance
Benefits”): 
 (a) Severance Pay Award. The Company will issue to the Executive an award of
$300,000 in restricted stock units (the “Severance Pay Award”) under the Company’s 2007 Stock Incentive Plan, as amended, with each such restricted stock unit representing the right to receive one share of Common Stock. The Severance
Pay Award shall consist of that number of restricted stock units equal to $300,000, divided by the closing stock price for shares of Common Stock on the Nasdaq Global Select Market as of the last business day prior to the Termination
Date. The Severance Pay Award will vest on the eighth
(8th) day after the Executive’s execution and
timely return of this Agreement (provided she has not revoked her acceptance of the Agreement). In addition, your signature below indicates your agreement that all applicable taxes and withholdings with respect to the Severance Pay Award will be
satisfied by your irrevocable election to “sell to cover” an appropriate number of shares of Common Stock through your Company E-Trade account (or other brokerage account with a broker chosen by the Company). If the Executive revokes her
acceptance of this Agreement, then the Severance Pay Award shall be forfeited immediately and automatically to the Company without any further action by the Executive. 
 (b) Pro-Rata Annual Bonus. Although not otherwise eligible, the Company will pay to the Executive a pro-rata fiscal 2012 executive incentive plan bonus payment based on the nine (9) full
months worked in fiscal year ending March 31, 2013. The actual bonus amount will be determined by the Compensation Committee in its sole and absolute discretion following the Company’s filing of its Annual Report on Form 10-K with the
Securities and Exchange Commission and paid, less all applicable taxes and withholdings, in accordance with plan terms. 
 (c) Grant of Restricted Stock Units. On or prior to December 28, 2012, the Compensation Committee will have granted to the Executive 38,800 restricted stock units under the Company’s 2007
Stock Incentive Plan, as amended (the “RSU Award”), with each such restricted stock unit representing the right to receive one share of Common Stock. The RSU Award will vest on the eighth (8th) day after the Executive’s execution and timely return of
this Agreement (provided she has not revoked her acceptance of the Agreement). 

  
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In addition, your signature below indicates your agreement that all applicable taxes and withholdings with respect to the RSU Award will be satisfied by your irrevocable election to “sell to
cover” an appropriate number of shares of Common Stock through your Company E-Trade account (or other brokerage account with a broker chosen by the Company). If the Executive revokes her acceptance of this Agreement, then the RSU Award shall be
forfeited immediately and automatically to the Company, without the payment of any consideration to the Executive or any further action by the Executive. 
 (d) Acceleration and/or Extension of Certain Option Grants. 
 (i) Acceleration of Outstanding Options. The Compensation Committee has approved that on the eighth (8th) day after the Executive’s execution and timely return of the Agreement (provided she has not revoked her
acceptance of the Agreement), the Executive shall become fully vested in all of the 58,000 options to purchase shares of Common Stock that remain unvested from the Executive’s: (x) September 26, 2011 option grant, of which 20,000
options remained unvested; and (y) May 9, 2012 option grant, of which 38,000 options remain unvested, pursuant to the Company’s 2007 Stock Incentive Plan, as amended. 

(ii) Extension of Option Exercise Dates. The Compensation Committee has approved that on the eighth (8th) day after the Executive’s execution and timely return of
the Agreement (provided she has not revoked her acceptance of the Agreement), the Executive’s period to exercise: (x) the 1,333 vested options granted on April 26, 2007 shall remain exercisable until March 1, 2014, (y) the
30,000 vested options granted on September 26, 2011 shall remain exercisable until March 1, 2014, and (z) the 38,000 vested options granted on May 9, 2012 shall remain exercisable until March 1, 2014, unless the exercise
period is terminated earlier in accordance with section (g) of this Paragraph 1 or in accordance with the terms of the applicable governing plan document. 
 (e) COBRA Continuation. Provided the Executive is eligible for and timely elects to continue receiving group medical insurance pursuant to the federal “COBRA” law, 29 U.S.C. § 1161
et seq. and for so long as she does not become eligible for coverage under another group health plan maintained by a subsequent employer, for a period of up to twelve (12) months following the Termination Date, the Company shall pay the
share of the premium for family health and family dental coverage that is paid by the Company for active and similarly situated employees who receive the same type of coverage; provided, however, that (i) the Company and the
Executive mutually agree that if such payments by the Company would cause the Company to be subject to material tax liability or penalties, the parties will make reasonable efforts to restructure the arrangement consistent with the intent of this
provision so as to avoid such adverse tax consequence, and (ii) to the extent such benefits cannot be provided to non-employees, then the Executive will receive the cash equivalent thereof, based on the cost thereof to the Company, paid
proportionately over a twelve (12) month period. All other Company benefits will end on the Termination Date. 
 (f)
Outplacement. The Company will provide the Executive with executive outplacement services with the firm of Lee Hecht Harrison. All costs for the services will be paid by the Company provided the Executive initiate use of the services by
June 30, 2013. 

  
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 (g) Ability to Terminate Payments. In the event the Executive is in breach of or
violates any provision of this Agreement, including but not limited to the post-employment obligations set forth in Paragraphs 5, 6 and 7, the Company shall have the right to immediately cease making any remaining payments or providing benefits to
the Executive pursuant to this Agreement. Executive further agrees that if any remaining payments or benefits cease pursuant to this section (g) of Paragraph 1, the Release of Claims set forth in Paragraph 2 shall remain in full force and
effect and that to the extent the Executive has not exercised outstanding options with the Company, such ability to exercise such options will terminate immediately and automatically as of the date the Company notifies the Executive in writing of
such termination. Such written notification will be mailed to the Executive’s last known address in the Company’s records. 
 2.
Release of Claims. (a) In consideration of the Severance Benefits, which the Executive acknowledges she would not otherwise be entitled to receive, the Executive hereby fully, forever, irrevocably and unconditionally releases,
remises and discharges the Company, its affiliates, subsidiaries, parent companies, predecessors, and successors, and all of their respective past and present officers, directors, stockholders, partners, members, employees, agents, representatives,
plan administrators, attorneys, insurers and fiduciaries (each in their individual and corporate capacities) (collectively, the “Released Parties”) from any and all claims, charges, complaints, demands, actions, causes of action, suits,
rights, debts, sums of money, costs, accounts, reckonings, covenants, contracts, agreements, promises, doings, omissions, damages, executions, obligations, liabilities, and expenses (including attorneys’ fees and costs), of every kind and
nature that the Executive ever had or now has against any or all of the Released Parties, including, but not limited to, any and all claims arising out of or relating to the Executive’s employment with and/or separation from the Company,
including, but not limited to, all claims under Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 2000e et seq., the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq., the Americans With
Disabilities Act of 1990, 42 U.S.C. § 12101 et seq., the Genetic Information Nondiscrimination Act of 2008, 42 U.S.C. § 2000ff et seq., the Family and Medical Leave Act, 29 U.S.C. § 2601 et
seq., the Worker Adjustment and Retraining Notification Act (“WARN”), 29 U.S.C. § 2101 et seq., the Rehabilitation Act of 1973, 29 U.S.C. § 701 et seq., Executive Order 11246, Executive Order
11141, the Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq., and the Employee Retirement Income Security Act of 1974 (“ERISA”), 29 U.S.C. § 1001 et seq., all as amended; all claims arising out of the
Massachusetts Fair Employment Practices Act., Mass. Gen. Laws ch. 151B, § 1 et seq., the Massachusetts Civil Rights Act, Mass. Gen. Laws ch. 12, §§ 11H and 11I, the Massachusetts Equal Rights Act, Mass. Gen. Laws. ch.
93, § 102 and Mass. Gen. Laws ch. 214, § 1C, the Massachusetts Labor and Industries Act, Mass. Gen. Laws ch. 149, § 1 et seq., Mass. Gen. Laws ch. 214, § 1B (Massachusetts right of privacy law), the Massachusetts
Maternity Leave Act, Mass. Gen. Laws ch. 149, § 105D, and the Massachusetts Small Necessities Leave Act, Mass. Gen. Laws ch. 149, § 52D, all as amended; all claims arising out of the Wisconsin Fair Employment Act, Wis. Stat. § 111.31
et seq., the Wisconsin Family and Medical Leave Act, Wis. Stat. § 103.10 et seq., and the Wisconsin Business Closing Law, Wis. Stat. § 109.07, all as amended; all 

  
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common law claims including, but not limited to, actions in defamation, intentional infliction of emotional distress, misrepresentation, fraud, wrongful discharge, and breach of contract
(including, without limitation, all claims arising out of or related to the Executive’s Offer Letter and the Executive Agreement; all claims to any non-vested ownership interest in the Company, contractual or otherwise; and any claim or damage
arising out of the Executive’s employment with and/or separation from the Company (including a claim for retaliation) under any common law theory or any federal, state or local statute or ordinance not expressly referenced above. 

(b) The only claims not being waived, released and discharged by this Paragraph 2 are those that are not waivable as a matter of
applicable law; any claims the Executive may have for wrongful act or omission occurring after the date the Executive signs this Agreement; any claims the Executive may have to government-sponsored and administered benefits such as unemployment
insurance, state disability insurance and paid family leave insurance benefits; and any benefits that vested on or prior to the Termination Date pursuant to a written benefit plan sponsored by the Company and governed by the federal law known as
“ERISA.” 
 (c) Nothing in this Agreement prevents the Executive from filing a charge with, cooperating with, or
participating in any proceeding before the Equal Employment Opportunity Commission or a state fair employment practices agency (except that she acknowledges that she may not recover any monetary benefits in connection with any such claim, charge or
proceeding). 
 3. Business Expenses and Compensation. The Executive acknowledges that she has been reimbursed by the Company for
all business expenses incurred in conjunction with the performance of her employment and that no other reimbursements are owed to her. The Executive further acknowledges that she has received payment in full for all services rendered in conjunction
with her employment by the Company and that no other compensation is owed to her except as provided in this Agreement. 
 4. Return of
Company Property The Executive confirms that she has returned to the Company all keys, files, records (and copies thereof), equipment (including, but not limited to, computer hardware, software and printers, wireless handheld devices,
cellular phones, pagers, etc.), Company identification, Company vehicles and any other Company-owned property in her possession or control and has left intact all electronic Company documents, including but not limited to those that the Executive
developed or helped to develop during her employment. Other than with respect to computer accounts or professional subscriptions in the Company’s name for the Executive’s benefit, the Executive further confirms that she has cancelled all
other accounts for her benefit, if any, in the Company’s name, including but not limited to, credit cards, telephone charge cards, cellular phone and/or pager accounts. With respect to such computer accounts or professional subscriptions, if
any, the Executive further agrees to work with the Company to make sure that such computer accounts or professional subscriptions are cancelled as soon as practicable after the Termination Date. 

  
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 5. Continuing Obligations. The Executive acknowledges and reaffirms her obligations as set
forth in the American Superconductor Corporation Employee Nondisclosure and Developments Agreement dated July 17, 2000. 
 6.
Additional Post-Employment Obligations. In consideration of the Severance Benefits, the Executive agrees to abide by the following post-employment obligations: 
 (a) Noncompetition. For the period commencing on Termination Date and ending on December 31, 2013 (the “Restricted Period”), and subject to the limitations set forth in this
Paragraph 6, the Executive agrees that she shall not, directly or indirectly, either individually or as an employee, agent, partner, shareholder, owner, trustee, beneficiary, co-venturer, distributor, consultant or in any other capacity or through
any affiliate, family member or otherwise, anywhere in the United States of America, China or Austria, participate in, provide assistance to, or have a financial or other interest in any Competing Enterprise defined in Section d below. The ownership
of less than a one percent (1%) interest in a Competing Enterprise whose shares are traded on a recognized stock exchange or traded on the over-the-counter market shall not be deemed to constitute financial participation by the Executive in a
Competing Enterprise. 
 (b) Non-solicitation. (a) The Executive agrees that during the Restricted Period she will
not: 
 (i) contact, solicit or service any customers or prospective customer of the Company that were solicited or served on
behalf of the Company during the Executives employment (hereafter “Active Customers”); 
 (ii) directly or indirectly
request or advise Active Customers or suppliers, vendors or other business contacts of the Company who currently have, or have had, business relationships with the Company during the Executives employment, to withdraw, curtail or cancel any of their
business or relations with the Company; 
 (iii) directly or indirectly induce or attempt to induce any employee or contractor
of the Company whom the Executive had contact during her employment with the Company to terminate its, his or her relationship or breach its, his or her agreements with the Company. 

(c) Nothing in this Agreement shall otherwise prohibit any future employer of the Executive from hiring employees or contractors of the
Company without the Executive’s involvement, aid, assistance or counsel. It shall not be a violation of this provision if such future employer hires employees or contractors who respond to a general solicitation provided that the Executive had
no involvement with such person’s response to the advertisement and the future employer’s hiring decision. 
 (d) For
purposes of this Paragraph 6, “Competing Enterprise” shall have the following meaning: any business or organization engaged, directly or indirectly, in the design, development, ownership, manufacture, sourcing, licensing, sale, operation
or provision of power electronics or superconductor-based products or services, including, but not limited to, any actual or planned business or activity as conducted or planned to be conducted during the term of the Executive’s employment with
the Company. 

  
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 (e) The Executive agrees that any breach of the terms of this Paragraph 6 would result in
irreparable injury and damage the Company for which the Company would have no adequate remedy at law. The Executive therefore also agrees that in the event of any such breach or any threat of breach, in addition to any other remedies available at
law or in equity, the Company shall be entitled to seek immediate injunctive relief, without having to post a bond or other security, and to recover all costs and expenses incurred by the Company, including reasonable attorneys’ fees and costs,
in the event that the Company prevails in connection with such action. The terms of this Paragraph 6 shall not prevent the Company from pursuing any other available remedies for any breach or threatened breach hereof, including but not limited to,
the recovery of damages from the Executive. The Executive further agrees that the covenants set forth in this Paragraph 6 are reasonable and valid, and the Executive waives all defenses to the strict enforcement thereof. 

7. Non-Disparagement. The Executive understands and agrees that, as a condition of the Severance Benefits described herein she shall not
make any false, disparaging or derogatory statements to any media outlet, industry group, financial institution or current or former employee, consultant, client or customer of the Company regarding the Company or any of its current or former
directors, officers, employees, agents or representatives or about the Company’s business affairs or financial condition. 
 8.
Representations and Warranties. The Executive represents and warrants that while she was employed by the Company she complied with all of the Company’s policies and practices in effect from time to time and that all of the actions
taken by her on behalf of the Company or in furtherance of its business were in compliance with all applicable laws and regulations. The Executive further warrants and represents that she is not aware of any conduct that could give rise to any
liability of the Released Parties. 
 9. Continued Assistance. The Executive agrees that during the time period she is receiving
the Severance Benefits stated in this Agreement, he will provide all reasonable cooperation to the Company, including but not limited to, assisting the Company in transitioning her job duties, assisting the Company in defending against and/or
prosecuting any litigation or threatened litigation, and performing any other tasks as reasonably requested by the Company. The Company agrees to reimburse the Executive for reasonable business expenses incurred in such cooperation and to be
reasonable in its requests for assistance. 
 10. Amendment. This Agreement shall be binding upon the parties and may not be
modified in any manner, except by an instrument in writing of concurrent or subsequent date signed by duly authorized representatives of the parties hereto. This Agreement is binding upon and shall inure to the benefit of the parties and their
respective agents, assigns, heirs, executors, successors and administrators. 
 11. Waiver of Rights. No delay or omission by the
Company in exercising any right under this Agreement shall operate as a waiver of that or any other right. A waiver or consent given by the Company on any one occasion shall be effective only in that instance and shall not be construed as a bar to
or waiver of any right on any other occasion. 

  
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 12. Validity. Should any provision of this Agreement be declared or be determined by any court
of competent jurisdiction to be illegal or invalid, the validity of the remaining parts, terms or provisions shall not be affected thereby and said illegal or invalid part, term or provision shall be deemed not to be a part of this Agreement.

 13. Acknowledgments. The Executive acknowledges that she has been given at least forty-five (45) days to consider this
Agreement, including Attachments A and B, and that the Company advised her to consult with an attorney of her own choosing prior to signing this Agreement. Executive understands that she may revoke the Agreement for a period of seven
(7) days after she signs this Agreement by notifying John W. Powell, Esq., Vice President and General Counsel, in writing, and the Agreement shall not be effective or enforceable until the expiration of this seven (7) day revocation
period. Executive understands and agrees that by entering into this Agreement, she is waiving any and all rights or claims she might have under the Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act, and
that she has received consideration beyond that to which you were previously entitled. 
 14. Eligibility for Severance Program.
Attached to this Agreement as Attachment B is a description of (i) any class, unit or group of individuals covered by the program of enhanced severance benefits and any applicable time limits regarding such enhanced severance benefit
program; and (ii) the job title and ages of all individuals eligible or selected for such enhanced severance benefit program, and the ages of all individuals in the same job classification or organizational unit who are not eligible or who were
not selected for such enhanced severance benefit program. As the Executive was party to the Executive Agreement with the Company, she shall only receive benefits in accordance with this Agreement and not in accordance with the plan. 

15. Nature of Agreement. The Executive understands and agrees that this Agreement is a severance agreement and does not constitute an
admission of liability or wrongdoing on the part of the Company, or the Executive. 
 16. Voluntary Assent. The Executive affirms
that no other promises or agreements of any kind have been made to or with her by any person or entity whatsoever to cause her to sign this Agreement, and that she fully understands the meaning and intent of this Agreement. The Executive states and
represents that she has had an opportunity to fully discuss and review the terms of this Agreement with an attorney. The Executive further states and represents that she has carefully read this Agreement, understands the contents herein, freely and
voluntarily assents to all of the terms and conditions hereof, and signs her name of her own free act. 
 17. Applicable Law. This
Agreement shall be interpreted and construed by the laws of the Commonwealth of Massachusetts, without regard to conflict of laws provisions. The Executive hereby irrevocably submits to and acknowledges and recognizes the jurisdiction of the courts
of the Commonwealth of Massachusetts, or if appropriate, a federal court 

  
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located in Massachusetts (which courts, for purposes of this Agreement, are the only courts of competent jurisdiction), over any suit, action or other proceeding arising out of, under or in
connection with this Agreement or the subject matter thereof. 
 18. Entire Agreement. This Agreement contain and constitute the
entire understanding and agreement between the parties hereto with respect to the Executive’s severance benefits and the settlement of claims against the Company and cancel all previous oral and written negotiations, agreements, commitments and
writings in connection therewith, including, without limitation, the Offer Letter and the Executive Agreement. Nothing in this paragraph, however, shall modify, cancel or supersede the Executive’s obligations set forth in Paragraphs 5 and 6
above. 
 19. Tax Consequences; Section 409A. The parties intend that the payments and benefits hereunder be exempt from or
comply with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (together with Treasury Regulations and other written guidance, “Section 409A”). The Company makes no representation or warranty and shall
have no liability to the Executive or any other person as to the tax consequences of payments or benefits hereunder, including liability that may arise if any provisions of this Agreement and the attachments hereto are determined to constitute
deferred compensation subject to Section 409A but do not satisfy the conditions of such section. 

  
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	AMERICAN SUPERCONDUCTOR CORPORATION
				
	By:	 	 /s/ Daniel P. McGahn
	 		 	January 2, 2013
		 	Daniel P. McGahn	 		 	Date
		 	President and Chief Executive Officer	 		 	
	
	SUSAN J. DICECCO
				
		 	 /s/ Susan J. DiCecco
	 		 	January 2, 2013
		 		 		 	Date

 ATTACHMENT A 

PAYMENTS SUBJECT TO SECTION 409A 
 1. Subject to this Attachment A, any Severance Benefits that may be due under the Agreement to which this Attachment A is attached shall begin only upon the date of the Executive’s
“separation from service” (determined as set forth below) which occurs on or after the cessation of her employment. The following rules shall apply with respect to distribution of the Severance Benefits, if any, to be provided to the
Executive under the Agreement, as applicable: 
 (a) It is intended that each installment of the Severance Benefits under the
Agreement shall be treated as a “separate payment” for purposes of Section 409A . Neither the Company nor the Executive shall have the right to accelerate or defer the delivery of any such payments except to the extent specifically
permitted or required by Section 409A. 
 (b) If, as of the date of the Executive’s “separation from
service” from the Company, she is not a “specified employee” (within the meaning of Section 409A), then each installment of the Severance Benefits shall be made on the dates and terms set forth in the Agreement. 

(c) If, as of the date of the Executive’s “separation from service” from the Company, she is a “specified
employee” (within the meaning of Section 409A), then: 
 (i) Each installment of the Severance Benefits due under the
Agreement that, in accordance with the dates and terms set forth herein, will in all circumstances, regardless of when the Executive’s separation from service occurs, be paid within the short-term deferral period (as defined under
Section 409A) shall be treated as a short-term deferral within the meaning of Treasury Regulation Section 1.409A-1(b)(4) to the maximum extent permissible under Section 409A; and 

(ii) Each installment of the Severance Benefits due under the Agreement that is not described in this Attachment A, Section 1(c)(i)
and that would, absent this subsection, be paid within the six-month period following her “separation from service” from the Company shall not be paid until the date that is six months and one day after such separation from service (or, if
earlier, the Executive’s death), with any such installments that are required to be delayed being accumulated during the six-month period and paid in a lump sum on the date that is six months and one day following her separation from service
and any subsequent installments, if any, being paid in accordance with the dates and terms set forth herein; provided, however, that the preceding provisions of this sentence shall not apply to any installment of payments if and to the maximum
extent that that such installment is deemed to be paid under a separation pay plan that does not provide for a deferral of compensation by reason of the application of Treasury Regulation 1.409A-1(b)(9)(iii) (relating to separation pay upon an
involuntary separation from service). Any installments that qualify for the exception under Treasury Regulation Section 1.409A-1(b)(9)(iii) must be paid no later than the last day of the Executive’s second taxable year following the
taxable year in which the separation from service occurs. 

 2. The determination of whether and when the Executive’s separation from service from the
Company has occurred shall be made and in a manner consistent with, and based on the presumptions set forth in, Treasury Regulation Section 1.409A-1(h). Solely for purposes of this Attachment A, Section 2, “Company” shall include
all persons with whom the Company would be considered a single employer under Section 414(b) and 414(c) of the Code. 
 3. The
Company makes no representation or warranty and shall have no liability to the Executive or to any other person if any of the provisions of the Agreement (including this Attachment) are determined to constitute deferred compensation subject to
Section 409A but that do not satisfy an exemption from, or the conditions of, that section. 

  
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 ATTACHMENT B 

OLDER WORKERS BENEFIT PROTECTION ACT 
 NOTICE TO EMPLOYEES 
 Based on current and projected industry outlook, Company Management
needs to enhance liquidity and reduce operating costs. As a result, your employment with the Company is being terminated and you have been selected to receive an offer of enhanced severance benefits in exchange for signing a release and waiver of
claims. In selecting you for termination and eligibility for this enhanced severance program, the Company considered its needs, the position you held, your skill set and individual performance. In connection with the enhanced severance program, you
are being provided with information as to: (i) any class, unit or group of individuals terminated and covered by such program, any eligibility factors for such termination and, therefore, eligibility for such program, and any time limits
applicable to such program; and (ii) the job title and ages of all individuals terminated and, therefore, eligible or selected for the program, and the ages of all individuals in the same job classification or organizational unit who are not
terminated and, therefore, are not eligible or selected for the program. 
 The Company determined that all employees in the classes, units or
departments in the chart below would be eligible for the enhanced severance program. All persons who are being terminated in connection with this action have been selected for the program and their job titles and ages have been indicated in the
chart below. The job titles and ages of individuals who were not selected for the program are also indicated in the below chart. 
 Employees
who were selected and are age forty and over shall have forty-five (45) days to consider the Company’s enhanced severance offer and may revoke their agreement to participate in the enhanced severance program within seven (7) days of
their execution of such an agreement. Employees who were selected and are under age forty shall have at least seven (7) days to consider the Company’s enhanced severance offer and do not have a right of revocation. 

See Attached Chart 

  
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	Massachusetts	  		  	
			
	 Class/Unit/
 Department
	  	 November 28, 2012
 Job Title
and Ages
 of Employees Selected
	  	 Job Title and Ages of
 Employees Not Selected

			
	Manufacturing	  	Senior Technician - 54	  	Senior Technician - 51, 70, 47, 54, 38
		  	Senior Equipment Maintenance Technician - 60	  	Buyer - 56
		  	Materials Manager - 54	  	Senior Technical Staff - 40
		  	Manufacturing Technician - 61	  	Senior Principal Engineer - 54
		  	Senior Quality Manager - 55	  	Mechanical Design Engineer - 51
		  	Senior Quality Inspector - 60	  	Field Service Engineer - 48
		  	Principal Equipment Engineer - 57	  	Process Engineer - 39
		  	Master Technician - 56	  	Chief Maintenance Specialist - 69, 48
		  	Associate Engineer - 37	  	Engineer - 45
		  	Principal Equipment Engineer - 61	  	Principal Engineer - 52
		  	Manufacturing Technician - 56	  	Facilities Manager - 54
		  		  	Master Technician - 28
		  		  	Technical Manager - 49
		  		  	Technician - 45, 34
		  		  	Manager Manufacturing - 43
		  		  	Principal Engineer - 48
			
	Projects	  	Senior Program Manager - 60	  	Director Superconductor Development Projects - 44
		  		  	Senior Vacuum Engineer - 61
		  		  	Program Manager - 51
		  		  	Executive VP Gridtec Solutions - 57
		  		  	Senior Technical Staff Engineer - 64
		  		  	Managing Director Programs - 59
		  		  	Senior Technical Staff Engineer - 48
			
	Engineering	  	Senior Mechanical Design Engineer - 50	  	Chief Engineer AMSC Superconductors - 63
		  	Senior Technician - 63, 59, 52	  	Principal Engineer - 39
		  	Senior Technical Manager - 52	  	Senior Technical Manager - 54
		  		  	Master Technician - 53
		  		  	Senior Technical Staff Engineer - 53, 54
		  		  	Senior Technician - 52
			
	 Sales & Marketing/

Investor Relations
	  	Senior Marketing Coordinator - 27	  	Strategic Marketing Manager - 31
		  	VP Marketing & Communications*** - 39	  	Regional Sales Manager - 66
		  		  	Managing Director Product Line Manager Generator - 61
		  		  	Regional Sales Manager - 47
		  		  	Communications Manager - 31
			
	Legal	  	Intellectual Property Paralegal - 64	  	Contracts Manager - 48
		  		  	VP General Counsel - 47
		  		  	Assistant General Counsel - 42

  
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 Massachusetts 

 

					
	 Class/Unit/
 Department
	  	 November 28, 2012
 Job Title
and Ages
 of Employees Selected
	  	 Job Title and Ages of
 Employees Not Selected

			
	Finance & Accounting	  	Accounts Payable Manager - 56	  	Senior Financial Analyst - 29
		  		  	Business Unit Controller - 53
		  		  	Accounts Payable Coordinator - 57, 47
		  		  	Director Financial Systems - 40
		  		  	Senior VP Chief Financial Officer - 51
		  		  	VP Corporate Controller - 52
		  		  	VP Finance Operations - 40
		  		  	Assistant Controller - 40
		  		  	Tax Manager - 54
		  		  	Payroll Accountant - 65
		  		  	Director Internal Audit - 55
		  		  	Executive Finance Secretary - 54
		  		  	Staff Accountant - 58
			
	Administration	  		  	Executive Assistant to CEO - 47
		  		  	Managing Director Government / Marine Business Development - 56
			
	Information Technology	  		  	Global Network Engineer - 45
		  		  	Senior System Administrator - 27
		  		  	Business Analyst - 50
		  		  	IT Service Delivery Manager - 44
		  		  	Senior Business Technology Analyst - 35
		  		  	Managing Director IT & Supply Chain Management - 50
			
	Human Resources	  	Global Process Owner & HR Business Partner - 34	  	Director World Wide Human Resources - 60
		  	Corporate Receptionist - 47	  	Senior Human Resources Generalist - 36
		  	Global Human Resources Administrator** - 30	  	
		  	Senior VP Corporate Administration*** - 61	  	
			
	Environmental Health & Safety	  	Principal EH&S Engineer* - 51	  	Director Global EH&S/Security - 61
	
	 *          anticipated end date of 1/18/2013

	 **       anticipated end date of 2/15/2013

	 ***     individual is subject to executive severance agreement

  
 Page 2Localization Agreement

 Exhibit 10.1 
 Dear Wim, 
 We are pleased to welcome you to the US team and are looking to the start of your
employment with Cisco Systems, Inc. (the “Company”) on January 1, 2013. On December 31, 2012, your International Assignment Agreement (the “IAA”) will cease to be effective and, as we have agreed, prior employment
relationships, if any, with other Cisco entities including but not limited to Cisco Systems International B.V. will end on such date. Commencing on January 1, 2013, the parties will have no further rights, obligations or claims under the IAA or
prior employment relationships, if any and this letter agreement contains the entire agreement between you and the Company with respect to its subject matter. You acknowledge you are an “at will” employee of the Company and that both you
and the Company are free to terminate your employment at any time for any reason, with or without cause or advance notice. Upon termination of employment, like any other member of the US team, you will not be entitled to any severance protections.

 On January 1, 2013 you will be eligible to participate in the benefits program for US employees except that you will not be eligible to
participate in the 401(k) plan and nonqualified deferred compensation plan for US employees. 
 In consideration of the
foregoing, your participation in the Netherlands Capital Plan will continue under the terms of the plan, until the earliest of your 65th birthday or termination of employment, except that the maximum pension base (maximum pensionable salary less statutory
allowance) used to determine your contributions, and the Company’s contributions on your behalf, is limited to Euro 735,300. You will be responsible for any taxes associated with your participation in this plan. Plan terms may change in the
future and will apply to your participation in the plan to the extent they are legally required for you. 
 To assist with your transition to
the US, we agree that you will receive cash payments of $700,000 in January 2013 and $300,000 in January 2014, subject to your continued employment with the Company. Effective with your localization date, you will be responsible for all national and
local income taxes as well as social taxes in San Jose, California, United States. Income received in 2012 will continue to be tax equalized per the IAA in effect through December 31, 2012. You will not receive tax equalization or gross-up for
income incurred after 2012. However, the Company will pay tax preparation fees for your home and local country income tax returns for 2012 and 2013 and customary immigration services fees to complete your localization in 2013. Any fees associated
with personal financial planning and other tax services shall be borne by you personally. 
 Effective January 1, 2013, your annual base
salary will be $775,000, less applicable taxes, deductions, and withholdings, and will be paid bi-weekly and subject to annual review. 

 You agree that your employment with the Company is governed exclusively by California law. You are also
advised to consult an attorney about the terms set forth in this letter agreement. 
 If you have any questions or require further information
please contact me. Further, please sign below to acknowledge your agreement. 
  

					
	 By Cisco Systems, Inc.
	 		 	
			
	 /s/ Randy Pond
	 		 	12/13/12
	 Randy Pond
	 		 	Date
			
	 So Agreed:
	 		 	
			
	 /s/ Wim Elfrink
	 		 	31/12/12
	 Wim Elfrink
	 		 	Date

 Delivered and communicated to Cisco on January 7, 2013

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