Document:

exv10w51

Exhibit 10.51

AMENDMENT NO. 1 TO THE

APPLIED MATERIALS, INC.

2005 EXECUTIVE DEFERRED COMPENSATION PLAN

     APPLIED MATERIALS, INC., having adopted the Applied Materials, Inc. 2005 Executive Deferred
Compensation Plan (the “Plan”) effective as of January 1, 2005, and having amended and restated the
Plan effective as of July 11, 2007, hereby amends the restated Plan, effective as of August 26,
2008, as follows:

     1. Section 1.8 is amended in its entirety to read as follows:

     1.8 “Compensation” means an Eligible Employee’s Base Salary, Eligible Bonus and/or Sign-On
Bonus. An Eligible Employee’s Compensation does not include any other type of remuneration.

     2. Section 1.24 is hereby renumbered as Section 1.24A and a new Section 1.24B is added
immediately thereafter to read as follows:

     1.24B “Sign-On Bonus” means a cash-based bonus award (if any) that is payable
to an Eligible Employee pursuant to the terms and conditions of the Employer’s offer
of employment, to induce him or her to become an employee of the Employer, or any
similar item of compensation, which the Committee designates as a “Sign-On Bonus”
for purposes of the Plan.

     3. Section 2.1.2(a) is amended by adding the following subsection (iv) immediately
after subsection (iii) thereof to read as follows:

          (iv) On or After August 26, 2008. Notwithstanding the foregoing provisions of this
Section 2.1.2, each individual who first becomes an Eligible Employee during a Plan Year due
to his or her hire by an Employer (a “Newly-Hired Eligible Employee”) will be eligible to
participate in the Plan effective as of the date of such hire (“Hire Date”). A Newly-Hired
Eligible Employee may elect to become a Participant in the Plan by electing, within thirty
(30) days of his or her Hire Date, to make Compensation Deferrals under the Plan. However,
no such election may be made if the Newly-Hired Eligible Employee was previously eligible to
participate in another plan that is required to be aggregated with this Plan under section
409A of the Code.

 

 

     4. Section 2.1.2(b) is amended in its entirety to read as follows:

          (b) Effect of Initial Elections.

          (i) Newly-Eligible Employees. A Newly-Eligible Employee’s election under
Section 2.1.2(a)(ii) to make Compensation Deferrals will be effective only with respect to
Base Salary that is payable to the Employee for services performed beginning with the first
payroll period immediately following his or her timely filing of the election and only for
the remainder of the Plan Year with respect to which the election is made.

          (ii) Newly-Hired Eligible Employees. A Newly-Hired Eligible Employee’s election under
Section 2.1.2(a)(iv) to make Compensation Deferrals will be effective only with respect to
(A) Base Salary that is payable to the Employee for services performed beginning with the
first payroll period immediately following his or her timely filing of the election and only
for the remainder of the Plan Year with respect to which the election is made; and/or
(B) any Sign-On Bonus that is payable to the Employee for services performed after the
filing of such election. Notwithstanding the foregoing, if any such compensation is earned
based upon a specified performance period and the election is made after the beginning of
the performance period, the election will apply only to the compensation that is paid for
services performed after the election. For this purpose, an election will be deemed to
apply to compensation that is paid for services performed after the election if the election
applies to no more than an amount equal to the total amount of the compensation for the
performance period multiplied by the ratio of the number of days remaining in the
performance period after the election over the total number of days in the performance
period.

Any Compensation Deferral elections for subsequent Plan Years must be made pursuant to
Section 2.1.3.

     5. Section 3.1(b) is amended by adding the following sentence immediately after the first
sentence thereof:

In addition, a Newly-Hired Eligible Employee (as defined in Section 2.1.2(a)(iv))
may elect to make a Sign-On Bonus deferral in an amount equal to any whole percentage of his
or her eligible Sign-On Bonus (if any); provided, however, that the percentage elected by
the Employee may not be less than five percent (5%) nor more than one hundred percent
(100%).

     6. Section 4.1 is amended by adding the following sentence at the end thereof:

Notwithstanding the foregoing, and at the direction of the Committee, there also will
be established and maintained on the books of the Company a separate Account (“Sign-On Bonus
Account”) to which will be credited any Sign-On Bonus deferral made by the Participant
pursuant to his or her election under Section 2.1 and deemed interest on such amount.

2

 

     IN WITNESS WHEREOF, Applied Materials, Inc., by its duly authorized officer, has executed this
Amendment No. 1 to the restated Plan effective as of the date specified above.

	 	 	 	 	 	 	 
	 	 	APPLIED MATERIALS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	Ron Miller	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Title: Corporate Vice President, Global Rewards	 	 
	 
	 	 	 	 	 	 
	 	 	Date: August 26, 2008	 	 

3exv10w52

Exhibit 10.52

Applied Materials, Inc.

Compensation of Non-Employee Directors

     Retainer and Meeting Fees

     Directors who are employees of Applied Materials, Inc. (“Applied”) do not receive any
additional compensation for their services as directors.

     On September 16, 2008, the Human Resources and Compensation Committee (the “Committee”) of
Applied’s Board of Directors (the “Board”) approved changes to the compensation of Applied’s
non-employee directors, effective fiscal year 2009, which began on October 27, 2008. In addition,
on December 8, 2008, the Committee approved a temporary ten percent reduction in the annual cash
retainer payable to non-employee directors.

     Cash compensation to be paid to non-employee members of the Board is set forth in the table
below.

	 	 	 	 	 
	Annual Retainer(1)
	 	$	58,500	 
	 
	 	 	 	 
	Annual Retainer for Committee Chairs and Lead Independent
Director(2):
	 	 	 	 
	Audit Committee
	 	$	78,500	 
	Corporate Governance and Nominating Committee
	 	$	68,500	 
	Human Resources and Compensation Committee
	 	$	73,500	 
	Strategy Committee
	 	$	68,500	 
	Lead Independent Director
	 	$	73,500	 
	 
	 	 	 	 
	Fee per Board Meeting
	 	$	0	 
	 
	 	 	 	 
	Fee per Committee Meeting
	 	$	2,000	 

 

			
	(1)	 	A director receives this annual retainer unless he or she is the (a) Chair of the Audit,
Corporate Governance and Nominating, Human Resources and Compensation, or Strategy Committee,
or (b) Lead Independent Director.
	 
	(2)	 	If a director holds more than one committee chair, or is the Lead Independent Director and a
chair of a committee, he or she will receive only the annual retainer for the single
highest-paying position held.

 

 

     In addition to the retainer and meeting fees, non-employee directors are reimbursed for travel
and other reasonable out-of-pocket expenses related to attendance at Board and committee meetings.

     Equity Compensation

     Nonemployee Director Share Purchase Plan. Under the Nonemployee Director Share Purchase
Plan, non-employee directors annually may elect to receive Applied common stock in lieu of
retainers and/or meeting fees that otherwise would be payable to them in cash for their service on
the Board. If directors make this election, quarterly retainers otherwise payable in cash will be
converted into Applied common stock based on the fair market value on the day of the
regularly-scheduled quarterly meeting of the Board (or on the final day of a meeting that takes
place over multiple days). Meeting fees otherwise payable in cash will be converted into Applied
common stock based on the fair market value on the day of the Board or committee meeting (or on the
final day of a meeting that takes place over multiple days). Shares issued to participating
directors will be fully vested and taxable.

     Restricted Stock Units. Non-employee directors participate in one equity compensation plan,
Applied’s Employee Stock Incentive Plan, which provides for the following automatic grants of
performance shares (also called “restricted stock units”) to each of Applied’s non-employee
directors, effective beginning fiscal year 2009, which began on October 27, 2008:

	 	•	 	a grant made on the day of the annual meeting of Applied’s stockholders of
performance shares equal to $200,000 divided by the fair market value of a share of
Applied’s common stock on the date of grant (the “Annual Grant”); and
	 
	 	•	 	an initial grant made upon a non-employee director’s appointment or election to the
Board, which grant is a pro-rated Annual Grant that reflects the period starting with
the day of a non-employee director’s initial appointment or election and ending on the
day of the annual meeting of Applied’s stockholders (the “Initial Grant”). A
non-employee director who is elected or appointed on the day of the annual meeting of
Applied’s stockholders will not receive an initial grant but instead will receive an
Annual Grant.

     The Board and the Committee may change the number of performance shares granted in the future.
Annual Grants to non-employee directors are scheduled to vest in four equal, annual installments
beginning on March 1 of the year following the year in which the date of grant occurs. Initial
Grants are scheduled to vest in equal installments on each of the first four (4) annual
anniversaries of the grant date. Applied also generally will provide for continuation or
acceleration of vesting upon a non-employee director’s retirement, disability and death. In
addition, in order to encourage long-term ownership of Applied’s common stock, Applied will allow
non-employee directors to defer the receipt of shares they would otherwise receive upon vesting of
the performance shares.

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