Document:

Exhibit 10.1

Exhibit 10.1

Executive Officer Bonus Plan

Objectives

The objectives of the Aruba Networks, Inc. (the “Company”) Executive Officer Bonus Plan (the
“Plan”) are:

	•	 	To emphasize meeting/exceeding Company financial goals.

	 
	•	 	To reward Section 16 officers for maximizing results.

	 
	•	 	To reward the results of individual and collective actions.

	 
	•	 	To position the Company competitively in the employment marketplace.

Description

Performance Period. The Plan is based on achieving defined objectives established for two
consecutive fiscal quarters. A new and separate Plan performance period begins on the first day of
the first and third quarter and ends on the last day of second and fourth quarter, respectively.

Performance Targets. As described further below, a bonus pool, in an amount to be determined by
the Board of Directors of the Company (the “Board”), will be funded based upon the extent to which
the Company meets or exceeds the Board-approved internal operating plan revenue and profit targets
(the “Operating Plan revenue” and “Operating Plan profit”, respectively) set by the Board at the
start of the Company’s fiscal year. Beginning with fiscal 2011, the Board may, in its discretion,
determine that different performance metrics will be used to fund the bonus pool.

Plan Award. The budget for the Plan award payout will be based on a percentage of the
participant’s eligible base pay for the applicable performance period, as further described below.
For purposes of the Plan, “base pay” will include only gross base wages or gross base salary, as
applicable, and will exclude all other payments including, but not limited to, bonuses,
commissions, overtime, and equity compensation.

Any bonus payment under the Plan will be made in the form of a restricted stock unit award (an
“Award”) granted under the Company’s 2007 Equity Incentive Plan (the “Equity Plan”) and will be
subject to the terms and conditions of the Equity Plan and an Award agreement between the Company
and the participant. Each Award will be scheduled to vest in full approximately one year following
the date of grant, with the actual vesting date to be determined by
the Compensation Committee on or before the
Award’s date of grant in accordance with the Company’s Equity Award Grant Policy, subject to the
participant’s remaining a Service Provider (as defined in the Equity Plan) through the applicable
vesting date.

The number of restricted stock units subject to an Award will be determined based on the dollar
value attributable to the participant’s bonus for a given performance period, divided by the
closing Company share price on the Award’s date of grant.

The dollar value of a participant’s bonus for a given performance period will equal the target
percentage of his or her base pay for the performance period multiplied by the percentage of
funding of the bonus pool, subject to the approval by the Compensation Committee of the Board (the
“Compensation Committee”). For example, if the bonus pool is funded at a level of 105%,
each participant would be eligible to receive a bonus valued at 105% of his or her target
percentage of base salary for the performance period, unless the Compensation Committee determines
otherwise.

 

					
	 	 	 	 	 
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Unless
determined otherwise by the Compensation Committee, the Plan award targets as a percentage of base pay
for the performance period are as follows:

	 	 	 	 	 	 	 	 
	 	 	Grade	 	Target as a % of base pay	 
	 
	 	 	 	 	 	 	 
	•

	 	CEO and COO*
	 	 	125	%	 
	•

	 	CFO
	 	 	75	%	 
	•

	 	CTO
	 	 	50	%	 

	 	 	 
	*	 	See “Eligibility” section below.

The funding of the bonus pool shall be based on achievement of the Operating Plan revenue and
Operating Plan profit as follows:

	 	•	 	(1) Failing to meet the Operating Plan profit target for the performance period,
or (2) meeting 90% or less of the Operating Plan revenue target for the performance
period: No pool will be funded and there will be no bonus payment under the Plan for the
performance period.

	 
	 	•	 	(1) Meeting the Operating Plan profit target for the performance period, and (2)
meeting more than 90% but less than or equal to 110% of Operating Plan revenue target: The
bonus pool is funded at the percentage achievement amount of the Operating Plan revenue
target. For example: Meeting the Operating Plan profit target and meeting 105% of
the Operating Plan revenue target will result in funding of a bonus pool equal to 105% of
the target amounts of all participants in the Plan for that performance period.

	 
	 	•	 	(1) Meeting the Operating Plan profit target for the performance period, and (2)
meeting more than 110% of the Operating Plan revenue target: The bonus pool is funded at
110% of the target amounts of all participants in the Plan for that performance period.

The Compensation Committee will determine, in good faith, whether and to what extent Operating Plan
revenue and Operating Plan profit targets have been achieved for a given performance period.

Payment. Awards are scheduled to be approved by the Compensation Committee after the end of the
performance period, if the goals have been achieved, pursuant to the terms of the Company’s Equity
Award Grant Policy. A participant will not be entitled to an Award under the Plan if his or her
employment with the Company is terminated for any reason prior to the date of Award grant, nor will
such participant be entitled to receive the shares of the Company’s common stock underlying such
Award if his or her employment with the Company is terminated for any reason prior to the date such
Award vests.

 

					
	 	 	 	 	 
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Policies and Practices 

Eligibility. All regular, full-time and non-commissionable Company employees in good standing who
are “officers” within the meaning of Section 16 of the Securities Exchange Act of 1934, as
amended (“Section 16”) are eligible to participate in the Plan. Notwithstanding the foregoing, Mr.
Hitesh Sheth will not be eligible to participate in the Plan during fiscal 2010, as he is eligible
for a fiscal 2010 performance bonus as provided in his July 16, 2009 offer letter with the Company.
If an employee ceases to be an “officer” for purposes of Section 16 during a performance period
but otherwise remains eligible to participate in the Plan, he or she shall remain a participant in
the Plan for the remainder of the performance period. An employee whose employment begins during a
performance period that has already commenced will be eligible to participate in the Plan for that
performance period and to receive a pro-rated Award reflecting the length of his or her employment
during the performance period, provided such employee was employed by the Company for at least one
full fiscal quarter in the performance period, subject to the other terms and conditions of the
Plan.

Performance Improvement Plan (PIP) — if an employee is on a PIP within that performance period, he
or she will no longer be eligible to receive an Award until the PIP has been successfully
completed.

Employees out on leave or who will be out on leave during any given performance period are not
eligible to participate in the Plan for such performance period.

Right of Employment and Company Discretion. The Plan will remain in effect until and unless
terminated by the Compensation Committee. The Company reserves the right to alter, amend, suspend,
or in any other way, to align the Plan with the changing needs of the Company.

The Company reserves the right to restrict participation in the Plan at any time. Participation
under this Plan does not guarantee the right to continued employment. A participant or the Company
may terminate the employment relationship at any time, for any reason, with or without cause.

Administration and Discretion. The Compensation Committee will administer the Plan and has all
powers and discretion to administer the Plan and to control its operation. Notwithstanding
anything in the Plan to the contrary, the Compensation Committee may, in its discretion, increase
or decrease (including to zero) the amount of the bonus pool that is funded, the percentage or
dollar value of Plan award targets for participants, and the number of shares to be granted under
an Award. Any determination, decision or action of the Compensation Committee with respect to the
Plan will be final, conclusive, and binding upon all persons, and will be given the maximum
possible deference permitted by law.

Miscellaneous

Captions. Captions are provided herein for convenience only, and will not serve as a basis for
interpretation or construction of the Plan.

Governing Law; Severability. The Plan and all Awards will be construed in accordance with and
governed by the laws of the State of California, but without regard to its conflict of law
provisions. In the event any provision of the Plan will be held illegal or invalid for any reason,
the illegality or invalidity will not affect the remaining parts of the Plan, and the Plan will be
construed and enforced as if the illegal or invalid provision had not been included.

Requirements of Law. The granting of Awards under the Plan will be subject to all applicable laws,
rules and regulations, and to such approvals by any governmental agencies or national securities
exchanges as may be required.

 

oOo

 

					
	 	 	 	 	 
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Exhibit 10.21

SANDERSON FARMS, INC.

RESTRICTED STOCK AGREEMENT

(Management Employee)

     This RESTRICTED STOCK AGREEMENT (this “Agreement”), made and entered into as of the 1st day of
November, 2009 (the “Grant Date”), by and between                     (the “Participant”) and Sanderson Farms,
Inc. (together with its subsidiaries and affiliates, the “Company”), sets forth the terms and
conditions of a Restricted Stock Award issued pursuant to the Sanderson Farms, Inc. and Affiliates
Stock Incentive Plan, adopted on February 17, 2005 (the “Plan”) and this Agreement. Any capitalized
term used but not defined herein shall have the meaning ascribed to such term in the Plan.

     1. Grant and Vesting of Restricted Stock.

          (a) As a reward for past service or in consideration of and as an incentive to the
Participant’s performance of future services on behalf of the Company, and for no additional
consideration, the Company hereby grants to the Participant, as of
the Grant Date,                  shares of
the Company’s common stock, par value $1.00 per share (the “Restricted Stock”), subject to the
terms and conditions set forth herein and in the Plan. The Restricted Stock is subject to
forfeiture as provided herein and may not be sold, exchanged, transferred, pledged, hypothecated or
otherwise disposed of by the Participant, other than by will or by the laws of descent and
distribution of the state in which the Participant resides on the date of his death. The period
during which the Restricted Stock is not vested and is subject to transfer restrictions is referred
to herein as the “Restriction Period.”

          (b) Except as otherwise provided in this Agreement or the Plan, the Restricted Stock shall
vest and no longer be subject to forfeiture or any transfer restrictions hereunder on the fourth
anniversary of the Grant Date, so long as the Participant has remained continuously employed by the
Company from the Grant Date through such date.

          (c) In the event of (i) the Participant’s termination of employment with the Company by reason
of death or Disability or (ii) the Participant’s termination of employment with the Company after
his attainment of eligibility for retirement (as determined by the Board from time to time), that
portion of the number of shares of Restricted Stock that has not vested determined in accordance
with the ratio that the number of complete years the Participant was employed during the
Restriction Period bears to the total number of years in the Restricted Period shall immediately
vest and no longer be subject to forfeiture or any transfer restrictions hereunder, and the
remaining unvested shares of Restricted Stock shall be forfeited. In the event of a change in
control, all Restricted Stock that has not vested shall immediately vest and no longer be subject
to forfeiture or any transfer restrictions hereunder. If the Participant’s employment with the
Company is terminated for any other reason, voluntarily or involuntarily, prior to the expiration
of the Restriction Period, then the Restricted Stock that has not vested as of the termination date

 

 

shall immediately be forfeited, ownership shall be transferred back to the Company and the
Restricted Stock shall become authorized but unissued Shares.

          (d) If the Board determines in good faith that the Participant has engaged in any Detrimental
Activity during the period that the Participant is employed by the Company or during the two-year
period following the Participant’s voluntary termination of employment or his termination by the
Company for Cause, then the Restricted Stock that has not vested as of the date of the Board
determination shall immediately be forfeited, ownership shall be transferred back to the Company
and the Restricted Stock shall become authorized but unissued Shares or, if the Restricted Stock
has already vested, the Participant shall repay to the Company the fair market value of the Shares
as of the Grant Date. For purposes of this Section 1(d), the parties hereto agree that the fair
market value of the Shares as of the Grant Date is $                     per share.

     2. Issuance of Shares.

     Certificates representing the Restricted Stock shall be registered in the Participant’s name
(or an appropriate book entry shall be made). Certificates, if issued, may, at the Company’s
option, either be held by the Company in escrow until the Restriction Period expires or until the
restrictions thereon otherwise lapse and/or be issued to the Participant and registered in the name
of the Participant, bearing an appropriate restrictive legend that refers to this Agreement and
remaining subject to appropriate stop-transfer orders. The Participant agrees to deliver to the
Board, upon request, one or more stock powers endorsed in blank relating to the Restricted Stock.
If and when the Restricted Stock vests and is no longer subject to forfeiture or transfer
restrictions, unlegended certificates for such Restricted Stock shall be delivered to the
Participant (subject to Section 6 pertaining to the withholding of taxes and Section 14 pertaining
to the Securities Act of 1933, as amended (the “Securities Act”)); provided, however, that the
Board may cause such legend or legends to be placed on any such certificates as it may deem
advisable under Applicable Law.

     3. Rights as a Stockholder.

     Except as otherwise provided in this Agreement or the Plan, during the Restriction Period the
Participant shall have, with respect to the Restricted Stock, all of the rights of a stockholder of
the Company, including the right to vote the Restricted Stock and the right to receive any
dividends or other distributions with respect thereto.

     4. Adjustments.

     If any change in corporate capitalization, such as a stock split, reverse stock split, stock
dividend, or any corporate transaction such as a reorganization, reclassification, merger or
consolidation or separation, including a spin-off of the Company or sale or other disposition by
the Company of all or a portion of its assets, any other change in the Company’s corporate
structure, or any distribution to stockholders (other than a cash dividend) results in the

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outstanding Shares, or any securities exchanged therefor or received in their place, being
exchanged for a different number or class of shares or other securities of the Company, or for
shares of stock or other securities of any other corporation, or new, different or additional
shares or other securities of the Company or of any other corporation being received by the holders
of outstanding Shares, then the shares of Restricted Stock granted pursuant to this Agreement shall
be treated in the same manner as other outstanding Shares of the Company.

     5. Validity of Share Issuance.

     The shares of Restricted Stock have been duly authorized by all necessary corporate action of
the Company and are validly issued, fully paid and non-assessable.

     6. Taxes and Withholding.

     As soon as practicable on or after the date as of which an amount first becomes includible in
the gross income of the Participant for federal income tax purposes with respect to this Award of
Restricted Stock, the Participant shall pay to the Company, or make arrangements satisfactory to
the Company regarding the payment of, or the Company may deduct or withhold from any cash or
property payable to the Participant, an amount equal to all federal, state, local and foreign taxes
that are required by Applicable Law to be withheld with respect to such includible amount.
Notwithstanding anything to the contrary contained herein, the Participant may, if the Company
consents, discharge this withholding obligation by directing the Company to withhold shares of
Restricted Stock having a Fair Market Value on the date that the withholding obligation is incurred
equal to the amount of tax required to be withheld in connection with such vesting, as determined
by the Board.

     7. Notices.

     Any notice to the Company provided for in this Agreement shall be in writing and shall be
addressed to it in care of its Secretary at its principal executive offices, and any notice to the
Participant shall be addressed to the Participant at the current address shown on the payroll
records of the Company. Any notice shall be deemed to be duly given if and when properly addressed
and posted by registered or certified mail, postage prepaid.

     8. Legal Construction.

          Severability. If any provision of this Agreement is or becomes or is deemed invalid,
illegal or unenforceable in any jurisdiction, or would disqualify the Plan or this Agreement under
any law with respect to which the Plan or this Agreement is intended to qualify, or would cause
compensation deferred under the Plan to be includible in a Plan participant’s gross income pursuant
to Section 409A(a)(1) of the Internal Revenue Code of 1986, as amended, as

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determined by the Board, such provision shall be construed or deemed amended to conform to
Applicable Law or, if it cannot be construed or deemed amended without, in the determination of the
Board, materially altering the intent of the Plan or the Agreement, it shall be stricken and the
remainder of this Agreement shall remain in full force and effect.

          Gender and Number. Where the context admits, words in any gender shall include the
other gender, words in the singular shall include the plural and words in the plural shall include
the singular.

          Governing Law. To the extent not preempted by federal law, this Agreement shall be
construed in accordance with and governed by the laws of the State of Mississippi.

     9. Incorporation of Plan.

     This Agreement and the Restricted Stock Award made pursuant hereto are subject to, and this
Agreement hereby incorporates and makes a part hereof, all terms and conditions of the Plan that
are applicable to Agreements and Awards generally and to Restricted Stock Awards in particular.
The Board has the right to interpret, construe and administer the Plan, this Agreement and the
Restricted Stock Award made pursuant hereto. All acts, determinations and decisions of the Board
made or taken pursuant to grants of authority under the Plan or with respect to any questions
arising in connection with the administration and interpretation of the Plan, including the
severability of any and all of the provisions thereof, shall be in the Board’s sole discretion and
shall be conclusive, final and binding upon all parties, including the Company, its stockholders,
Participants, Eligible Participants and their estates, beneficiaries and successors. The
Participant acknowledges that he has received a copy of the Plan.

     10. No Implied Rights.

     Neither this Agreement nor the issuance of any Restricted Stock shall confer on the
Participant any right with respect to continuance of employment or other service with the Company.
Except as may otherwise be limited by a written agreement between the Company and the Participant,
and acknowledged by the Participant, the right of the Company to terminate at will the
Participant’s employment with it at any time (whether by dismissal, discharge, retirement or
otherwise) is specifically reserved by the Company.

     11. Integration.

     This Agreement and the other documents referred to herein, including the Plan, or delivered
pursuant hereto, contain the entire understanding of the parties with respect to their subject
matter. There are no restrictions, agreements, promises, representations, warranties, covenants
or undertakings with respect to the subject matter hereof other than those expressly set forth
herein and restrictions imposed by the Securities Act and applicable state securities laws . This
Agreement, including the Plan, supersedes all prior agreements and understandings between the
parties with respect to its subject matter.

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     12. Counterparts.

     This Agreement may be executed in two or more counterparts, each of which shall be deemed an
original, but which together constitute one and the same instrument.

     13. Amendments.

     The Board may, at any time, without consent of or receiving further consideration from the
Participant, amend this Agreement and the Restricted Stock Award made pursuant hereto in response
to, or to comply with changes in, Applicable law. To the extent not inconsistent with the terms of
the Plan, the Board may, at any time, amend this Agreement in a manner that is not unfavorable to
the Participant without the consent of the Participant. The Board may amend this Agreement and the
Restricted Stock Award made pursuant hereto otherwise with the written consent of the Participant.

     14. Securities Act.

          (a) The issuance and delivery of the Restricted Stock to the Participant have been registered
under the Securities Act by a Registration Statement on Form S-8 that has been filed with the
Securities and Exchange Commission (“SEC”) and has become effective. The Participant acknowledges
receipt from the Company of its Prospectus dated February 23, 2006, relating to the Restricted
Stock.

          (b) If the Participant is an “affiliate” of the Company, which generally means a director,
executive officer or holder of 10% or more of its outstanding shares, at the time certificates
representing Restricted Stock are delivered to the Participant, such certificates shall bear the
following legend, or other similar legend then being generally used by the Company for certificates
held by its affiliates:

“THESE SHARES MUST NOT BE OFFERED FOR SALE, SOLD, ASSIGNED OR TRANSFERRED EXCEPT IN
A TRANSACTION WHICH, IN THE OPINION OF COUNSEL FOR THE ISSUER, IS EXEMPT FROM
REGISTRATION THROUGH COMPLIANCE WITH RULE 144 OR WITH ANOTHER EXEMPTION FROM
REGISTRATION.”

          The Company shall remove such legend upon request by the Participant if, at the time of such
request, the shares are eligible for sale under SEC Rule 144(k), or any provision that has replaced
it, in the opinion of the Company’s counsel.

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     15. Arbitration.

          Any controversy or claim arising out of or relating to this Restricted Stock Agreement shall
be settled by arbitration administered by the American Arbitration Association under its Commercial
Arbitration Rules and judgment upon the award rendered by the arbitrator(s) may be entered in any
court having jurisdiction thereof.

     IN WITNESS WHEREOF, the Participant has executed this Agreement on his own behalf, thereby
representing that he has carefully read and understands this Agreement and the Plan as of the day
and year first written above, and the Company has caused this Agreement to be executed in its name
and on its behalf, all as of the day and year first written above.

	 	 	 	 	 
	 	SANDERSON FARMS, INC.

 	 
	 	By:  	 	 

	 	 	 	 	 	 	 
	 

	 	Name:
	 	Mike Cockrell	 	 
	 

	 	Title:
	 	CFO and Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	PARTICIPANT	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 

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