Document:

FY2010 Executive Management Incentive Plan

 Exhibit 10.1 
 ModusLink Global Solutions, Inc. 
 FY 2010
Executive Management Incentive Plan 
  

	1.	Purpose 

 The
objective of the FY 2010 Executive Management Incentive Plan (“2010 EMIP Plan” or “Plan”) is to recognize and reward the achievement of financial, business and management goals that are essential to the success of ModusLink
Global Solutions, Inc. and its subsidiaries (the “Company” or “ModusLink Global Solutions”). 
  

	2.	Period of Effectiveness 

 This Plan relates to the 2010 fiscal year, August 1, 2009 to July 31, 2010. 
  

	3.	Eligibility 

 Certain executive employees of ModusLink Global Solutions and its subsidiaries, as determined by the Human Resources and Compensation Committee of the Board of Directors of ModusLink Global Solutions (the “Committee”), are
eligible for participation in the 2010 EMIP Plan. (Each such designated person is called a “Participant” in this Plan.) 
 The Company will issue all Participants a notice of their eligibility and their individual Plan components by providing a document in the form of Appendix B to each eligible Participant. Other eligibility requirements are listed in
Section 9 below. 
  

	4.	Target Payout Percentage 

 Participants will be assigned a target payout percentage for the 2010 EMIP Plan, expressed as a percentage of Base Salary (as defined herein). This percentage (the “Target Payout Percentage”) represents the potential bonus that
will be earned at full achievement of goals for all Plan components at their “target” levels. The Target Payout Percentage will vary according to the Participant’s position. Actual payout percentage will vary based on the factors
described in Section 5 below. 
  

	5.	Plan Components and Targets 

 The Plan payout will be measured based upon achievement against consolidated revenue (“Revenue”), consolidated operating income (“Operating Income”) and consolidated free cash flow
from operations (“Free Cash Flow”). A percentage of each Participant’s Target Payout Percentage will be allocated to each of the relevant components for that Participant on a 20%, 40% and 40% basis among Revenue, Operating Income and
Free Cash Flow, respectively. 
  

	 	A.	Revenue 

 Each
Participant’s Target Payout Percentage will include a component based on a Revenue target. Each Participant will be informed of (i) the “Threshold Level,” the “Target Level” and the “Maximum Level” for
Revenue. 
 CONFIDENTIAL: FOR INTERNAL USE ONLY 

	 	B.	Operating Income 

 Each
Participant’s Target Payout Percentage will include a component based on an Operating Income target. Each Participant will be informed of the “Threshold Level,” the “Target Level” and the “Maximum Level” for
Operating Income. 
  

	 	C.	Free Cash Flow 

 Each
Participant’s Target Payout Percentage will include a component based on a Free Cash Flow target. Each Participant will be informed of the “Threshold Level,” the “Target Level” and the “Maximum Level” for Free Cash
Flow. 
  

	6.	No Gate 

 Each
component (Revenue, Operating Income, and Free Cash Flow) will be separately considered in calculating performance against targets and therefore no “gate” will apply to payouts under this Plan. 
 No payout will be made without approval from the Committee. 
  

	7.	Calculation of Achievement and Overachievement Adjustments 

  

	 	A.	Revenue 

 In the event
that the Threshold Level for Revenue is achieved, each Participant would be eligible to receive a portion of the Revenue component of his or her Target Payout Percentage based on a pro rata sliding scale running between 25% to 100% based on the
spread between the Threshold Level and the Target Level. If Revenue exceeds the Target Level, the total payout made to the Participant for Revenue will be based on a pro rata sliding scale running between 100% and 200% based on the spread between
the Target Level and the Maximum Level. 
  

	 	B.	Operating Income 

 In the event
that the Threshold Level for Operating Income is achieved, each Participant would be eligible to receive a portion of the Operating Income component of his or her Target Payout Percentage based on a pro rata sliding scale running between 25% to 100%
based on the spread between the Threshold Level and the Target Level. If Operating Income exceeds the Target Level, the total payout made to the Participant for Operating Income will be based on a pro rata sliding scale running between 100% and 200%
based on the spread between the Target Level and the Maximum Level. 
  
  
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	 	C.	Free Cash Flow 

 In the event
that the Threshold Level for Free Cash Flow is achieved, each Participant would be eligible to receive a portion of the Free Cash Flow component of his or her Target Payout Percentage based on a pro rata sliding scale running between 25% to 100%
based on the spread between the Threshold Level and the Target Level. If Free Cash Flow exceeds the Target Level, the total payout made to the Participant for Revenue will be based on a pro rata sliding scale running between 100% and 200% based on
the spread between the Target Level and the Maximum Level. 
  

	8.	Payout Calculations 

  

	 	A.	A Participant’s payout under this EMIP (the “Payout Amount”) will be calculated by multiplying for each component (A) the Target Payout Percentage,
by (B) the weight percentage associated with the component per Section 5 above, by (C) the achievement level for such component computed in accordance with Section 7 above, by (D) the Participant’s Base Salary; and then
adding the three resulting amounts. For purposes of this EMIP, “Base Salary” is the total actual amount of base salary earned by the Participant during the fiscal year with respect to the period during which the Participant was eligible
for EMIP. 

  

	 	B.	If the employee’s Target Payout Percentage changes during the fiscal year, the bonus payout will be pro-rated as follows: The new Target Payout Percentage will
apply to the number of full months at the new target. The previous Target Payout Percentage will apply to the prior months. 

  

	 	C.	Results exceeding the Maximum Level will be eligible for additional payouts at the discretion of the Board. 

  

	 	D.	The payments will be made in accordance with the Company’s normal payroll practices. 

  

	9.	Specific Eligibility Requirements 

  

	 	A.	To be eligible for any payment under the Plan, a Participant must be an active executive of ModusLink Global Solutions or one of its subsidiaries (subject to
Section 9B below) on the date actual Plan payments are made. 

  

	 	B.	Only those employees who become eligible prior to April 30, 2010 will participate in the Plan. 

  

	10.	Administration of Plan; Miscellaneous Matters 

  

	 	A.	Payment on any particular occasion of any bonus amount in accordance with this Plan shall not create the presumption that any further bonus amount will be paid to the
Participant thereafter under this Plan or otherwise. 

  
  
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 CONFIDENTIAL: FOR INTERNAL USE ONLY 

	 	B.	Participants who live and work in a non-United States location will have their Plan payout calculations performed and payouts issued in their local currency, unless a
specific ex-patriate or other employment agreement specifically provides otherwise. 

  

	 	C.	The adoption of this Plan shall not be deemed to give any employee the right to be retained in the employ of ModusLink Global Solutions or its subsidiaries or to
interfere with the right of the Company to dismiss any employee at any time, for any reason not prohibited by law nor shall it be deemed to give the Company the right to require any employee to remain in its employ. 

  

	 	D.	Payments under this Plan are not to be considered for any purpose as part of the Participant's base salary or wages. 

  

	 	E.	The financial targets assigned and recognized as goals on any of the performance factors may be removed, revised or otherwise modified by the Committee at any time for
any reason or for no reason. Performance against the targets shall be determined exclusive of the impact of any acquisitions or divestitures. 

  

	 	F.	The Committee’s interpretation of the Plan is final and in the sole and absolute discretion of the Committee. The Committee shall define and interpret the Plan
components in their sole discretion. The Committee reserves the right to make final and binding decisions regarding the amount of incentive, if any, to be paid to any Participant. The Committee also reserves the right to amend, terminate and modify
this Plan at any time in its sole discretion with or without notice. Each Participant, by signing a Certificate of Acknowledgment, specifically acknowledges this right. 

  

	 	G.	No Participant or third party acting on behalf of or through a Participant shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage,
commute, modify or otherwise encumber in advance any amounts that may be payable hereunder, nor shall any of said amounts be subject to seizure for payment of debt, judgments, alimony or separate maintenance owed by a Participant, or be transferable
by operation of law in the event of a bankruptcy, or otherwise. 

  

	 	H.	This Plan is administered by, and all decisions regarding any payments hereunder shall be made from, ModusLink Global Solutions, Inc. regardless of whether a
Participant is employed by ModusLink Global Solutions or one of its subsidiaries. 

  

	 	I.	If any term or condition of this Plan is found to be in non-conformance with a given state or federal or other law, that term or condition will be non-enforceable but
will not negate other terms and conditions of the Plan. 

  

	 	J.	The Plan shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts. 

  
  
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 CONFIDENTIAL: FOR INTERNAL USE ONLY 

 Appendix A 
 Certificate of Acknowledgement 
 I,
                                        ,
hereby certify that I have read the ModusLink Global Solutions, Inc. FY 2010 Executive Management Incentive Plan. I understand and agree with the terms of the Plan and agree to be bound thereby. 
  

							
	  
  
	  		  		  	  

	Participant Signature	  		  		  	Date
	  
  
	  		  		  	
	Printed Name	  		  		  	
				
	  
  
	  		  		  	
	Witness Signature	  		  		  	
	  
  
	  		  		  	
	Printed Name	  		  		  	

  
  
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 CONFIDENTIAL: FOR INTERNAL USE ONLY 

 Appendix B 
 FY 2010 Executive Management Incentive Plan 
 Participant Information Form 
 Participant Name:
                                         
                                         
                                         
                                         
                 
 Target Payout Percentage:
                                         
                                        

The Target Payout is allocated as follows: 
  

			
		
	Revenue:	  	20%
	Operating Income:	  	40%
	Free Cash Flow:	  	40%

 The relevant Targets for Participant are as follows: 
  

			
	Revenue	  	
		
	Threshold Level:	  	$                                    

	Target Level:	  	$                                    

	Maximum Level:	  	$                                    

		
	Operating Income	  	
		
	Threshold Level:	  	$                                    

	Target Level:	  	$                                    

	Maximum Level:	  	$                                    

		
	Free Cash Flow	  	
		
	Threshold Level:	  	$                                    

	Target Level:	  	$                                    

	Maximum Level:	  	$                                    

  
  
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 CONFIDENTIAL: FOR INTERNAL USE ONLYAmendment # 3 to the credit agreement

 Exhibit 4(g)(4) 
 EXECUTION COPY 
 AMENDMENT NO. 3 TO THE 
 CREDIT AGREEMENT 
 Dated as of
October 19, 2009 
 AMENDMENT NO. 3 TO THE CREDIT AGREEMENT among XEROX CORPORATION, a New York corporation (the
“Borrower”), the banks, financial institutions and other institutional lenders parties to the Credit Agreement referred to below (collectively, the “Lenders”) and Citibank, N.A., as agent (the
“Agent”) for the Lenders. 
 PRELIMINARY STATEMENTS: 
 (1) The Borrower, the Lenders and the Agent have entered into an Amended and Restated Credit Agreement dated as of April 30, 2007,
as amended by Amendment No. 1 dated as of October 27, 2008 and Amendment No. 2 dated as of April 23, 2009 (the “Credit Agreement”). Capitalized terms not otherwise defined in this Amendment have the same meanings
as specified in the Credit Agreement. 
 (2) The Borrower and the Required Lenders have agreed to amend the Credit
Agreement as hereinafter set forth. 
 SECTION 1. Amendments to Credit Agreement. The Credit Agreement is,
effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 3, hereby amended as follows: 
 (a) The definition of “Debt for Borrowed Money” is amended by adding to the end thereof a new sentence to read as follows: 
 “Debt for Borrowed Money” will be calculated net of cash and cash equivalents on hand at the Company in an amount not
to exceed $3,000,000,000 that are the net cash proceeds of indebtedness for borrowed money (other than Excluded Proceeds) incurred by the Company or any of its Subsidiaries on or after September 27, 2009, until the earliest of (a) the ACS
Closing Date, (b) five days after the abandonment or termination of the ACS Acquisition Agreement and (c) five days after June 27, 2010 (which is the “Outside Date”, as defined in the Commitment Letter dated
September 27, 2009 among the Company, J.P. Morgan Securities Inc. and JPMorgan Chase Bank, N.A.), or such later date agreed by the parties providing commitments to the Bridge Facility described in such Commitment Letter; provided, that
(i) the netting provision described above shall continue to apply after the date specified in clauses (b) or (c) above with respect to net cash proceeds not to exceed $700,000,000 from indebtedness issued in capital markets
transactions until the date the Company’s 7.125% senior notes due 2010 are no longer outstanding; and (ii) the periods specified in clauses (b) and (c) above shall be extended, with respect to cash and cash equivalents reserved
for payment of debt securities for which notices of redemption have been delivered to the holders thereof, by the minimum period required for such notices in the

 
instruments governing such securities (but only to the extent such periods are customary for prepayment or redemption notices). 
 (b) The following new definitions are added to Section 1.01 is appropriate alphabetical order: 
 “ACS” means Affiliated Computer Services Inc. 
 “ACS Acquisition Agreement” means the Agreement and Plan of Merger dated as of September 27, 2009 among the Company, a newly-formed wholly-owned Subsidiary of the Company
and ACS. 
 “ACS Closing Date” means the date the acquisition of ACS by the Company or a Subsidiary of
the Company pursuant to the terms of the ACS Acquisition Agreement. 
 “ACS Transaction” means the
acquisition of ACS pursuant to the terms of the ACS Acquisition Agreement, the refinancing of ACS indebtedness and payment of expenses related thereto. 
 “Excluded Proceeds” means (a) the principal amount of Advances used to fund the ACS Transaction in an amount not more than $500,000,000, and the principal amount of Advances not used to fund
the ACS Transaction, (b) intercompany indebtedness, (c) debt of Foreign Subsidiaries for working capital purposes or otherwise in the ordinary course of business (but excluding, in any event, indebtedness issued in any public or Rule
144A-style capital markets transaction), (d) other debt of Foreign Subsidiaries of up to $375,000,000 (reduced by the amount of debt of Domestic Subsidiaries incurred pursuant to Section 5.02(c)(viii)) and (e) borrowings of up to
$500,000,000 under the Amended and Restated Loan Agreement dated as of October 21, 2002 between Xerox Lease Funding LLC and General Electric Capital Corporation, as amended. 
 (c) Section 3.03(a)(iii) is amended in full to read as follows: 
 (iii) the Company’s ratio of Debt for Borrowed Money, after giving effect to such Borrowing or issuance, to
Consolidated EBITDA (a) for each period of four Fiscal Quarters ended on or before September 30, 2010 shall not be greater than 4.25:1, (b) for the period of four Fiscal Quarters ending on or about December 31, 2010 shall not be
greater than 4.00:1 and (c) for each period of four Fiscal Quarters ending thereafter shall not be greater than 3.75:1. 
 (d) Section 5.03(a) is amended in full to read as follows: 
 (a)
Leverage Ratio. Maintain a ratio of Debt for Borrowed Money as of the end of such Fiscal Quarter to Consolidated EBITDA (i) for each period of four Fiscal Quarters ending on or before September 30, 2010 of not greater than 4.25:1,
(ii) for the period of four Fiscal Quarters ending on or about December 31,

  

 2 

 
2010 of not greater than 4.00:1 and (c) for each period of four Fiscal Quarters ending thereafter of not greater than 3.75:1. 
 SECTION 2. Extension of Termination Date. Certain Lenders (“Extending Lenders”) have agreed to extend the
Termination Date applicable to their respective Commitments to April 30, 2013 by so indicating on the signature pages to this Amendment. By execution of this Amendment, the Company and the Required Lenders hereby waive the requirements of
Section 2.19(a) to the extent such Section imposes timing and notice requirements to any extension of the Termination Date by the Extending Lenders. 
 SECTION 3. Conditions of Effectiveness. This Amendment shall become effective as of the date first above written when, and only when, the Agent shall have received counterparts of this Amendment executed by
the Borrower and the Required Lenders and the Agent shall have additionally received a certificate signed by a duly authorized officer of the Company stating that: 
 (i) The representations and warranties contained in Section 4.01 of the Credit Agreement are correct on and as of
the date of such certificate as though made on and as of such date (except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true on and as of
such earlier date), before and after giving effect to this Amendment, as though made on and as of such date; and 
 (ii) No event has occurred and is continuing that constitutes a Default. 
 SECTION 4. Reference to and Effect
on the Credit Agreement and the Notes. (a) On and after the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring
to the Credit Agreement, and each reference in the Notes to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit
Agreement, as amended by this Amendment. 
 (b) The Credit Agreement and the Notes, as specifically
amended by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. 
 (c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Agent under the Credit
Agreement, nor constitute a waiver of any provision of the Credit Agreement. 
  

 3 

 SECTION 5. Costs and Expenses The Company agrees to pay on demand all
reasonable out-of-pocket costs and expenses of the Agent in connection with the preparation, execution, delivery and administration, modification and amendment of this Amendment (including, without limitation, the reasonable fees and expenses of
counsel for the Agent) in accordance with the terms of Section 9.04 of the Credit Agreement. 
 SECTION 6.
Execution in Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together
shall constitute but one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Amendment. 
 SECTION 7. Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of
New York. 
  

 4 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by
their respective officers thereunto duly authorized, as of the date first above written. 
  

			
	 XEROX CORPORATION

		
	 By
	 	  

	 Title:
	 	
	
	 CITIBANK, N.A.,
as Agent and as Lender

		
	 By
	 	  

	 Title:
	 	
	
	 JPMORGAN CHASE BANK, N.A.

		
	 By
	 	  

	 Title:
	 	
	
	 BANK OF AMERICA, N.A. (individually and as successor by merger to Merrill Lynch Bank USA)

		
	 By
	 	  

	 Title:
	 	
	
	 BARCLAYS BANK PLC

		
	 By
	 	  

	 Title:
	 	
	
	 BNP PARIBAS

		
	 By
	 	  

	 Title:
	 	
		
	 By
	 	  

	 Title:
	 	
	
	 DEUTSCHE BANK AG NEW YORK BRANCH

		
	 By
	 	  

	 Title:
	 	
		
	 By
	 	  

	 Title:
	 	

  

 5 

			
	 HSBC BANK USA, NATIONAL ASSOCIATION

		
	 By
	 	  

	 Title:
	 	
	
	 UBS AG, STAMFORD BRANCH

		
	 By
	 	  

	 Title:
	 	
		
	 By
	 	  

	 Title:
	 	
	
	 WILLIAM STREET COMMITMENT CORPORATION

		
	 By
	 	  

	 Title:
	 	
	
	 LEHMAN COMMERCIAL PAPER INC.

		
	 By
	 	  

	 Title:
	 	
	
	 MIZUHO CORPORATE BANK, LTD.

		
	 By
	 	  

	 Title:
	 	
	
	 THE NORTHERN TRUST COMPANY

		
	 By
	 	  

	 Title:
	 	
	
	 THE BANK OF NEW YORK MELLON

		
	 By
	 	  

	 Title:
	 	

  

 6 

			
	 DANSKE BANK A/S

		
	 By
	 	  

	 Title:
	 	
	
	 PNC BANK, NATIONAL ASSOCIATION

		
	 By
	 	  

	 Title:
	 	
	
	 STATE STREET BANK AND TRUST COMPANY

		
	 By
	 	  

	 Title:
	 	
	
	 U.S. BANK, N.A.

		
	 By
	 	  

	 Title:
	 	
	
	 INTESA SANPAOLA S.P.A.

		
	 By
	 	  

	 Title:
	 	
	
	 MORGAN STANLEY SENIOR FUNDING

		
	 By
	 	  

	 Title:
	 	
	
	 CHASE LINCOLN FIRST COMMERCIAL CORPORATION

		
	 By
	 	  

	 Title:
	 	

  

 7 

			
	 EXTENDING LENDERS

	
	 
	 {Type or print name of institution}

		
	 Name:
	 	
	 Title:
	 	

  

 8

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