Document:

Exhibit

EX. 10.1
IROBOT CORPORATION
SENIOR EXECUTIVE INCENTIVE COMPENSATION PLAN
AS AMENDED AND RESTATED

		
	1.
	Purpose

This Senior Executive Incentive Compensation Plan (the “Incentive Plan”) is intended to provide an incentive for superior work and to motivate eligible executives of iRobot Corporation (the “Company”) and its subsidiaries toward even higher achievement and business results, to tie their goals and interests to those of the Company and its stockholders and to enable the Company to attract and retain highly qualified executives.  The Incentive Plan is for the benefit of Covered Executives (as defined below).  The Incentive Plan is amended and restated as of December 30, 2018.
		
	2.
	Covered Executives

From time to time, the Compensation & Talent Committee of the Board of Directors of the Company (the “Committee”) may select certain key executives (the “Covered Executives”) to be eligible to receive bonuses hereunder.  
		
	3.
	Administration

Each member of the Committee must be an “independent director” within the meaning of the NASDAQ Marketplace Rules applicable to the Company and a “non-employee director” for purposes of Rule 16b-3 of the Securities Exchange Act of 1934.  The Committee shall have the sole discretion and authority to administer and interpret the Incentive Plan.  The Committee in its discretion may decrease but not increase the amount of the bonus payment to any Covered Executive.  
		
	4.
	Bonus Determinations

(a)A Covered Executive may receive a bonus payment under the Incentive Plan based upon the attainment of performance targets that are approved by the Committee and relate to financial and operational metrics with respect to the Company or any of its subsidiaries or divisions (the “Performance Goals”). 

(b)(i)    Any bonuses paid to Covered Executives under the Incentive Plan shall be based upon objectively determinable bonus formulas approved by the Committee that tie such bonuses to one or more performance targets relating to the Performance Goals, (ii) bonus formulas and performance targets for Covered Executives shall be adopted within the first 90 days of each performance period by the Committee and (iii) no bonuses shall be paid to Covered Executives unless and until the Committee has determined the level of attainment of the Performance Goals.  

(c)Each Covered Executive shall have a targeted bonus opportunity for each performance period.  The maximum bonus payable to a Covered Executive under this Incentive Plan is 200 percent of the Covered Executive’s bonus opportunity, but not in excess of $2 million. 

(d)The payment of a bonus to a Covered Executive with respect to a performance period shall be conditioned upon the Covered Executive’s employment by the Company on the last day of the 

iRobot Corporation 
Senior Executive Incentive Compensation Plan

performance period; provided, however, that the Committee may make exceptions to this requirement, in its sole discretion, including, without limitation, in the case of a Covered Executive’s termination of employment, retirement, death or disability.

(e)The performance period under the Incentive Plan shall be the Company’s fiscal year.

		
	5.
	Timing of Payment & Tax Withholding

The Performance Goals will be measured at the end of each fiscal year after the Company’s financial reports have been published.  If the Performance Goals are met, payments will be made within 30 days thereafter, but not later than March 15.  All payments under the Incentive Plan shall be subject to reduction for applicable tax and other legally or contractually required withholdings.  
		
	6.
	Amendment and Termination

The Company reserves the right to amend or terminate the Incentive Plan at any time in its sole discretion.

Approved:     March 8, 2019

iRobot Corporation 
Senior Executive Incentive Compensation PlanExhibit 10.1
    

    

    

    
      FLOOR & DECOR HOLDINGS, INC.

INCENTIVE COMPENSATION
      RECOUPMENT POLICY

(Effective as of May 2, 2019)
    

    
      Introduction
    

    
      The Board of Directors (the “Board”) of Floor & Decor
      Holdings, Inc. (the “Company”) believes it to be in the
      best interests of the Company and its stockholders to create and
      maintain a culture that emphasizes integrity and accountability and that
      reinforces the Company’s pay-for-performance compensation philosophy.
      The Board, upon recommendation of the Compensation Committee of the
      Board (the “Committee”), hereby adopts this Incentive
      Compensation Recoupment Policy (this “Policy”), effective
      as of May 2, 2019, which provides for the recoupment of certain
      compensation in the event of a Restatement.
    

    
      Administration
    

    
      This Policy shall be administered by the Board or, if so designated by
      the Board, the Committee, in which case references herein to the Board
      shall be deemed references to the Committee. The Board shall interpret
      this Policy and shall prescribe such rules and regulations in connection
      with the operation of this Policy as it determines to be advisable for
      the administration of this Policy, and may rescind and amend its
      regulations from time to time, consistent with this Policy. Any
      determinations made by the Board shall be final and binding upon the
      Company and all persons affected hereunder.
    

    
      Covered Persons
    

    
      This Policy applies to the Company’s current and former executive
      officers (“Covered Persons”). For purposes of this Policy,
      determinations as to whether an employee is or was an executive officer
      shall be made by the Board, consistent with Rule 3b-7 or Rule 16a-1(f)
      of the Securities Exchange Act of 1934, and any successor statute, and
      the rules promulgated thereunder (the “Exchange Act”).
    

    
      Definition of Incentive Compensation
    

    
      For purposes of this Policy, “Incentive Compensation” means
      any of the following cash or non-cash incentive compensation awarded to
      a Covered Person: cash bonuses and other cash incentives (whether
      short-term or long-term, and whether paid on a current or deferred
      basis), restricted stock units, restricted stock, stock options, stock
      appreciation rights, performance shares, performance units and other
      cash or non-cash incentive compensation, in each case, paid or awarded
      pursuant to any incentive plan or arrangement maintained, contributed to
      or sponsored by the Company and its affiliates, as each may be amended
      from time to time.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      Restatement
    

    
      For purposes of this Policy, “Restatement” means, with
      respect to a Covered Person, any material negative restatement of the
      Company’s financial statements, where such restatement is due to such
      Covered Person’s fraud or intentional misconduct.  For purposes of this
      Policy, a Restatement need not be a formal restatement of financial
      statements required by accounting standards nor must an accounting
      restatement be actually prepared, but shall not include a restatement
      due solely to changes in accounting principles or applicable law.
    

    
      Recoupment
    

    
      If there is a Restatement and, with respect to a Covered Person, the
      Board determines that the Covered Person received Incentive Compensation
      during the fiscal year in which the Restatement occurs or during the
      last completed fiscal year of the Company prior to the fiscal year in
      which the Restatement occurs (the “Look-Back Period”), the
      Board may in its sole discretion (unless otherwise required by law),
      with respect to such Covered Person recoup from such Covered Person all
      or any portion of the Incentive Compensation received by such Covered
      Person during the Look-Back Period.
    

    
      The Board will determine in its sole discretion the amount of Incentive
      Compensation, if any, that it will seek to recover from such Covered
      Person pursuant to this Policy.
    

    
      Method of Recoupment of Incentive Compensation
    

    
        Upon any recoupment determination by the Board, the Board shall notify
      the Covered Person in writing of its determination at a time determined
      by the Board in its sole discretion. The Board will determine, in its
      sole discretion, the method for the recoupment of the Incentive
      Compensation. Methods of recoupment may include, without limitation, any
      of the following:
    

    
      (a)  requiring repayment of any cash Incentive Compensation previously
      paid;
    

    
      (b)  cancelling outstanding vested or unvested equity or equity-linked
      Incentive Compensation;
    

    
      (c)  seeking recovery of any gain realized from the vesting, exercise,
      settlement, sale, transfer or other disposition of any equity or
      equity-linked Incentive Compensation;
    

    
      (d)  offsetting the recouped amount from any compensation otherwise owed
      by the Company to the Covered Person; and
    

    
      (e)  taking any other remedial and recovery action permitted by law, as
      determined by the Board.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      To the extent that a Covered Person is required to repay any Incentive
      Compensation, or to take any other action required or appropriate to
      effectuate recoupment in accordance with this Policy, then the Covered
      Person shall promptly repay such Incentive Compensation and shall
      promptly take all such other actions, upon the Company’s demand or
      within a specified time period (and with or without interest), as
      determined by the Board.
    

    
      Disclosure
    

    
      The Company shall make such disclosures with respect to Incentive
      Compensation paid to Covered Persons under this Policy and any actions
      taken or omitted to be taken hereunder with the Securities and Exchange
      Commission (the “SEC”) and any national securities exchange
      on which the Company’s securities are then listed, in each case, as may
      be required under any applicable requirements, rules or standards
      thereof.
    

    
      Interpretation
    

    
      The Board is authorized to interpret and construe this Policy and to
      make all determinations necessary, appropriate or advisable for the
      administration of this Policy.
    

    
      No Indemnification
    

    
      The Company shall not indemnify any Covered Person against the loss of
      any erroneously awarded Incentive Compensation.
    

    
      Effective Date
    

    
      This Policy is effective as of May 2, 2019 (the “Effective Date”),
      and shall apply to Incentive Compensation that is approved, awarded or
      granted to Covered Persons on or after that date, except to the extent
      otherwise required by the Exchange Act and/or the rules and standards of
      the national securities exchange on which the Company’s shares are then
      listed or by applicable law.
    

    
      Amendment; Termination
    

    
      The Board may amend this Policy from time to time in its discretion. The
      Board intends to, but shall not be required to, amend this Policy with
      respect to Incentive Compensation paid to Covered Persons as it deems
      necessary to reflect the requirements of final SEC rules promulgated
      under Section 10D of the Exchange Act, and the rules and standards of
      the national securities exchange on which the Company’s securities are
      listed, in each case, as in effect from time to time (collectively, the “Clawback
      Rules”). The Board may terminate this Policy at any time.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      Other Recoupment Rights
    

    
      The Board intends that this Policy will be applied to the fullest extent
      of the law. The Board may require that any equity award agreement or
      similar agreement entered into on or after the Effective Date shall, as
      a condition to the grant of any benefit thereunder, require a Covered
      Person to agree to abide by the terms of this Policy. Any right of
      recoupment under this Policy is in addition to, and not in lieu of, any
      other remedies or rights of recoupment that may be available to the
      Company pursuant to the terms of any similar policy or in any employment
      agreement, equity award agreement, or similar agreement, plan or
      program, and shall not limit any other legal remedies available to the
      Company, including termination of employment or institution of civil or
      criminal proceedings. Nothing herein shall limit the authority of the
      Board to impose additional requirements or conditions that may give rise
      to the Company’s right to forfeit or recoup any compensation. To the
      extent that applicable law, court order or court-approved settlement
      requires recovery of Incentive Compensation in additional circumstances
      beyond those specified in this Policy, nothing in this Policy shall be
      deemed to limit or restrict the right or obligation of the Company to
      recover Incentive Compensation or other compensation to the fullest
      extent required by applicable law.
    

    
      Section 409A
    

    
      Notwithstanding anything herein to the contrary, the Board may not
      implement the recoupment of any Incentive Compensation of any Covered
      Person pursuant to this Policy by offset from or reduction of any amount
      that is payable and/or to be provided to the Covered Person and that is
      considered “non-qualified deferred compensation” under Section 409A of
      the Internal Revenue Code of 1986, as amended, and the regulations and
      guidance promulgated thereunder (collectively, “Section 409A”),
      except to the extent permitted without penalty under Section 409A.
    

    
      Successors
    

    
      This Policy shall be binding and enforceable against all Covered Persons
      and their beneficiaries, heirs, executors, administrators or other legal
      representatives.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      

      FLOOR & DECOR HOLDINGS, INC.
    

    
      INCENTIVE COMPENSATION RECOUPMENT POLICY
    

    
      Covered Person Acknowledgment
    

    
      It is the policy of Floor & Decor Holdings, Inc. (the “Company”)
      that as a Covered Person to whom the Company’s Incentive Compensation
      Recoupment Policy (the “Policy”) applies, you acknowledge
      your receipt of, and agree to be subject to the terms and conditions of
      the Policy. A copy of the Policy is enclosed for your records. You
      should thoroughly review the Policy, then complete and sign the
      acknowledgement below and return it to the Company’s General Counsel.
      Please return the acknowledgement by May 15, 2019. Any questions
      regarding the Policy should be directed to the Company’s General Counsel.
    

    
      Acknowledgement
    

    
      I, ____________________, have received a copy of the Floor & Decor
      Holdings, Inc. Incentive Compensation Recoupment Policy which outlines
      the terms and conditions of the Policy and I have read and familiarized
      myself with the contents of the Policy. I understand that as an
      executive officer of the Company, I am a “Covered Person” within the
      meaning of the Policy. By my signature below, I acknowledge, understand,
      accept and agree to be subject to the terms and conditions of the Policy
      including, without limitation, the possible clawback or recoupment of
      Incentive Compensation (within the meaning of the Policy) previously
      paid to me or the forfeiture of vested or unvested Incentive
      Compensation. I acknowledge that the Policy may be amended by the Board
      of Directors of the Company (the “Board”), or the
      Compensation Committee of the Board, to reflect final regulations
      adopted by the Securities and Exchange Commission under Section 10D of
      the Securities Exchange Act of 1934, as amended, and to comply with any
      rules or standards adopted by a national securities exchange on which
      the Company’s shares are listed, or other applicable rule or regulation.
      I further acknowledge that I am subject to the terms and conditions of
      the Policy, as such Policy may be amended from time to time, in each
      case, notwithstanding the terms and conditions of any Company agreement,
      arrangement, plan, award, program or policy (whether oral or written). I
      further understand and agree that any action taken by the Company
      pursuant to the Policy shall not constitute or give rise to any
      constructive termination of employment, “good reason,” breach of
      contract or other similar rights under any Company agreement,
      arrangement, plan, award, program or policy (whether oral or written) or
      give rise to any right I have, or otherwise could have, to
      indemnification from the Company or otherwise in respect thereof.
    

    	
           
        	
           
        	
           
        
	
          
            (Signature of Covered Person)
          

        	

        	
          
            (Date)

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