Document:

Exhibit 10.3

                             ADEPT TECHNOLOGY, INC.
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                    SECOND HALF FY 2005 EXECUTIVE BONUS PLAN

The following is a review of the second half FY 2005 Executive Bonus Plan
("Bonus Plan") for Adept Technology Inc. ("Company"). The focus of this Bonus
Plan is to put in place project and business milestones in combination with
financial targets of the Company beyond those resulting from base operating plan
activities. These milestones and financial targets will contribute to the
strategic mission, which if completed, will substantially enhance the Company's
ability to be on a solid footing for consistent growth in shareholder and
stakeholder value.

STRATEGIC MISSION
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Realize a transformation as soon as possible in the Company, which would allow
the Company to generate operating profit and positive income in conditions of up
to a 30% change in Adept's product market demand.

GENERAL
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The Adept BOD Compensation Committee will review and approve the Bonus Plan in
content and determine participation, every six (6) months (as soon as possible
after the end of the applicable quarter).

The CEO will present for approval to the BOD Compensation Committee the
recommended payout to the eligible participants, every six (6) months (as soon
as possible after the end of the applicable quarter).

Eligible participants for the Bonus Plan shall only be elected or appointed
officers of the Company ("Officers") and shall be in lieu of and replace any
other variable compensation or bonus plan otherwise offered by the Company to
any other of its employees.

The Bonus Plan is designed to reward both the individual executive (Officer) and
the executive Officer team as a group, for performance that exceeds the base
plan expectations set and established by the CEO and approved by the BOD
Compensation Committee ("Base Plan") from time to time.

The Bonus Plan assumes that each Officer receives base pay compensation
commensurate with their responsibilities and that the Bonus Plan is not an
entitlement or guarantee of payment, rather the Bonus Plan would be paid out to
the Officer(s) for exceeding corporate goals and milestones beyond Base Plan
expectations that are a benefit to the shareholders of Adept Technology, Inc.

The Bonus Plan shall be in the form of a cash incentive to the Officer group,
which when paid out to the Officer group, does not place the Company in a
negative corporate cash flow exclusive of financing activities or negative EPS
for the period of the measurement (every six months) of the Bonus Plan.

The Bonus Plan is not part of an individual's base compensation. To be eligible
to receive payment under the Bonus Plan, the Officer is must remain in continued
participation of the Bonus Plan (termination of participation which will be at
the discretion of the CEO and accordingly at-will) and continued full-time
active employment through the entire six (6) month measurement period of each
Bonus Plan period. The Bonus Plan is not a guarantee or contract of employment.

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BONUS PLAN STRUCTURE

The Bonus Plan is designed to provide a maximum cash incentive up to sixty
percent (60%) of the Officer's base salary, determined at the commencement of
the Bonus Plan period.

Participant Officers in this six (6) month program are listed below.

Seventy-five percent (75%) of the Bonus Plan computation (or a maximum of
forty-five percent (45%) of the Officer base salary) will be from objective
criteria and results against corporate financial goals. This part of the Bonus
Plan will be computational and based upon the final audited financials that are
reported to the Company shareholders for the applicable six (6) months covered
by each six month measurement period of the Bonus Plan. The financial goals are
listed below.

Twenty-Five (25%) of the Bonus Plan amount (or a maximum of fifteen percent
(15%) of the Officer base salary) will be based on 4-5 key Officer team member
project or business milestones agreed to prior to the Bonus Plan period. The
intent of these project or business milestones is objective based. Due to
inter-dependencies, changing responsibilities and activities of the Company
business, a subjective component or weighting may be appropriate.

     Participant Officers

CFO
VP Robotics
VP Service
VP Business Development & Marketing
VP Operations & Engineering
MD Europe Operations

     Financial Goal Program

Up to forty-five percent (45%) of the participant Officer salaries will be paid
to eligible Officers for the Officer's role in assisting in achieving the
following Company financial performance.

Generate determined amounts of positive cash flow from operations (max 15%
Officer salary with specific percentages of bonus tied to defined milestones)

Generate determined amounts of operating profit (max 15% Officer salary with
specific percentages of bonus tied to defined milestones)

Generate determined amounts of consolidated revenue growth (max 15% Officer
salary with specific percentages of bonus tied to defined milestones)

Specific financial operation milestones as defined by the Board of Directors or
Compensation Committee thereof.Exhibit 10.4

                             2001 Stock Option Plan
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                             Stock Option Agreement
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II.  AGREEMENT
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     1. Grant of Option. The Committee that administers the Adept Technology,
Inc. 2001 Stock Option Plan (the "Plan") hereby grants to the Optionee named in
the Notice of Grant attached as Part I of this Agreement (the "Optionee") a
Nonqualified Option (the "Option") to purchase the number of Shares, as set
forth in the Notice of Grant, at the exercise price per share set forth in the
Notice of Grant (the "Exercise Price"), subject to the terms and conditions of
the Plan, which is incorporated herein by reference. In the event of a conflict
between the terms and conditions of the Plan and the terms and conditions of
this Option Agreement, the terms and conditions of the Plan shall prevail.
Unless noted otherwise, capitalized terms hereunder have the same meaning as
defined in the Plan.

     2. Exercise of Option.

          (a) Right to Exercise. This Option is exercisable during its term in
accordance with the Vesting Schedule set out below and the applicable provisions
of the Plan and this Option Agreement. In the event of termination of Optionee's
employment, the exercisability of the Option is governed by the applicable
provisions of the Plan and this Option Agreement.

     (i) Vesting Schedule: This Option may be exercised, in whole or in part, in
accordance with the schedule set forth in the Notice of Grant, to which this
Option Agreement is attached and which becomes a part hereof. Vesting is
normally at 1/48th of the total number of shares per month from the date of
grant.

          (b) Method of Exercise. This Option is exercisable by delivery of an
exercise notice, in the form attached as Exhibit A (the "Exercise Notice"),
which shall state the election to exercise the Option, the number of Shares in
respect of which the Option is being exercised (the "Exercised Shares"), and
such other representations and agreements as may be required by the Company
pursuant to the provisions of the Plan. The Exercise Notice shall be signed by
the Optionee and shall be delivered in person or by certified mail to the
Secretary of the Company. The Exercise Notice shall be accompanied by payment of
the aggregate Exercise Price as to all Exercised Shares. This Option shall be
deemed to be exercised upon receipt by the Company of such fully executed
Exercise Notice accompanied by such aggregate Exercise Price.

          No Shares shall be issued pursuant to the exercise of this Option
unless such issuance and exercise complies with all relevant provisions of law
and the requirements of any stock exchange or quotation service upon which the
Shares are then listed. Assuming such compliance, for income tax purposes the
Exercised Shares shall be considered transferred to the Optionee on the date the
Option is exercised with respect to such Exercised Shares.

     3. Method of Payment. Payment of the aggregate Exercise Price shall be by
any of the following, or a combination thereof, at the election of the Optionee:

          (a)  cash;

          (b) check;

          (c) delivery of a properly executed exercise notice together with such
other documentation as the Committee and the broker, if applicable, shall
require to effect an exercise of the Option and delivery to the Company of the
sale or loan proceeds required to pay the exercise price; or

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          (d) surrender of other Shares which (i) in the case of Shares acquired
upon exercise of an option, have been owned by the Optionee for more than six
(6) months on the date of surrender, and (ii) have a Fair Market Value on the
date of surrender equal to the aggregate Exercise Price of the Exercised Shares.

     4. Non-Transferability of Option. This Option may not be transferred in any
manner otherwise than by will or by the laws of descent or distribution and may
be exercised during the lifetime of Optionee only by the Optionee. The terms of
the Plan and this Option Agreement shall be binding upon the executors,
administrators, heirs, successors and assigns of the Optionee.

     5. Term of Option. This Option may be exercised only within the term set
out in the Notice of Grant, and may be exercised during such term only in
accordance with the Plan and the terms of this Option Agreement.

          (a) Termination Period: This Option may be exercised for 30 days after
termination of Optionee's employment. Upon the death or Disability of the
Optionee, this Option may be exercised for such longer period as provided in the
Plan. In no event shall this Option be exercised later than the Term/Expiration
Date of the Option as provided above or in the Notice of Grant.

     6. Tax Consequences. Some of the federal and state tax consequences
relating to this Option, as of the date of this Option, are set forth below.
THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE
SUBJECT TO CHANGE. THE OPTIONEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING
THIS OPTION OR DISPOSING OF THE SHARES.

          (a) Exercising the Option. The Optionee will incur regular federal
income tax and state income tax liability upon exercise of the Option. The
Optionee will be treated as having received compensation income (taxable at
ordinary income tax rates) equal to the excess, if any, of the Fair Market Value
of the Exercised Shares on the date of exercise over their aggregate Exercise
Price. The Company will be required to withhold from his or her compensation or
collect from Optionee and pay to the applicable taxing authorities an amount in
cash equal to a percentage of this compensation income at the time of exercise,
and may refuse to honor the exercise and refuse to deliver Shares if such
withholding amounts are not delivered at the time of exercise.

          (b) Disposition of Shares. If the Optionee holds the Shares purchased
upon exercise of the Options for at least one year from the date of exercise,
any gain realized on disposition of the Shares will be treated as long-term
capital gain (or loss) for federal income tax purposes. If the Shares are held
for less than one year from the date of exercise, any gain or loss will be
treated as short-term.

     7. California State Securities Laws. Optionee understands that the Option
is being granted pursuant to an exemption from registration or qualification
under the California state securities laws. As a result, certain representations
must be obtained from the Optionee. In connection with the Option grant,
Optionee represents the following:

          (a) Optionee is acquiring the securities for the undersigned's own
account and not with a view to or for sale in connection with any distribution
of the Option or underlying shares of common stock;

          (b) Optionee has a preexisting personal or business relationship with
the Company, and is an officer or director of the Company.

          (c) By reason of such Optionee's business or financial experience, the
undersigned has the capacity to protect his own interests in connection with the
grant of the Option and issuance of common stock thereunder.

     8. Entire Agreement; Governing Law. The Plan is incorporated herein by
reference. The Plan and this Option Agreement constitute the entire agreement of
the parties with respect to the subject matter hereof and supersede in their
entirety all prior undertakings and agreements of the Company and Optionee with
respect to the subject matter hereof, and may not be modified adversely to the
Optionee's interest except by means of a writing signed by the Company and
Optionee. This agreement is governed by California law except for that body of
law pertaining to conflict of laws.

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     By your signature and the signature of the Company's representative above,
you and the Company agree that this Option is granted under and governed by the
terms and conditions of the Plan and this Option Agreement. Optionee has
reviewed the Plan and this Option Agreement in their entirety, has had an
opportunity to obtain the advice of counsel prior to executing this Option
Agreement and fully understands all provisions of the Plan and Option Agreement.
Optionee hereby agrees to accept as binding, conclusive and final all decisions
or interpretations of the Committee upon any questions relating to the Plan and
Option Agreement. Optionee further agrees to notify the Company upon any change
in the residence address indicated above.

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