Document:

EX-10.1

Summary of Compensatory Plans and Arrangements Adopted February 2, 2005

On February 2, 2005, the Compensation Committee of the Board of Directors of Juniper Networks, Inc.
(the “Company”) met and (i) adopted the Company’s 2005 Bonus Incentive Plan for Executive Officers
(the “Plan”); (ii) approved certain bonus payments to 2004 executive officers under the 2004
executive officer bonus plan; and (iii) approved a bonus payment to Krishna “Kittu” Kolluri, in
each case as summarized below.

i) 2005 Executive Officer Bonus Plan. The participants in the Plan are divided into two
categories as follows:

	 	 	 
	Corporate Participants

	 	Title
	 

	 	 
	 
	 	 
	Scott Kriens

James A. Dolce

Robert R.B. Dykes

Pradeep Sindhu

	 	Chairman and CEO

Executive Vice President, Field Operations

Chief Financial Officer and Executive Vice President, Business Operations

Vice Chairman and Chief Technology Officer
	 
	 	 
	Business Team Participants

	 	

	 

	 	

	 
	 	 
	Krishna “Kittu” Kolluri

Carol Mills

	 	Vice President and General Manager, Security Products Group

Vice President and General Manager, Infrastructure Products Group

The payment of bonuses under the Plan for all participants is based on performance against revenue,
earnings and margin targets. The relative weighting of each metric varies between corporate and
business team participants, such that corporate participant bonuses are based 50% on overall
corporate performance and 25% on the performance of each business team. Business team participant
bonuses are based 50% on overall corporate performance and 50% on the performance of their
respective business team.

The target bonus of Scott Kriens is 150% of base salary. The target bonus for each other
participant is 100% of base salary.

For each of the participants, a specified minimum achievement against all target metrics is
required for any payment of bonuses. Overachievement of the target metrics can result in payment
of bonuses in excess of the target bonus (up to a maximum of 200% of target bonus).

The final bonus for each participant, calculated as described above, is subject to adjustment. For
corporate participants, those adjustments are based upon a combination of the company’s performance
compared to industry peers and individually set performance goals. For business team participants,
the adjustments are based upon individually set performance goals.

ii) 2004 Bonus Payments. The committee also authorized payments to 2004 executive
officers under the 2004 executive officer bonus plan as follows:

	 	 	 	 	 	 	 	 	 
	Executive Officer
	 	Title                                 
	 	2004 Bonus Payment
	 
	 	 	 	 	 	 	 	 
	Scott Kriens
	 	Chairman and CEO                      
	 	$	539,077	 
	Marcel Gani
	 	Executive Vice President,             
	 	$	315,851	 
	 
	 	Business Systems and
	 	 	 	 
	 
	 	Chief Financial Officer
	 	 	 	 
	James A. Dolce
	 	Executive Vice President,             
	 	$	319,611	 
	 
	 	Field Operations
	 	 	 	 
	Krishna “Kittu” Kolluri
	 	Vice President and General            
	 	$	236,888	 
	 
	 	Manager, Security Products
	 	 	 	 
	 
	 	Group
	 	 	 	 
	Pradeep Sindhu
	 	Vice Chairman and Chief               
	 	$	253,683	 
	 
	 	Technical Officer
	 	 	 	 

These payments were based upon the relative achievement of 2004 goals for revenue and earnings
targets, revenue growth versus industry peers and new business acquisition (as described in the
Joint Proxy/Prospectus filed by the registrant in connection with the NetScreen acquisition), and
were adjusted based on achievement against individual goals.

iii) Krishna “Kittu” Kolluri Merger Bonus. The committee also approved the payment to Mr.
Kolluri of a $200,000 bonus that was committed to him by NetScreen Technologies at the time that
NetScreen acquired Neoteris, Inc. The bonus milestones were based upon on-time delivery of certain
products, SSL VPN product leadership and length of service.EX-10.01

Exhibit 10.01

AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT

This is Amendment No. 2, dated as of February 8, 2005, to the Employment Agreement entered
into as of March 11, 2000 and amended as of March 7, 2003 (the “Employment Agreement”), by and
between Kirk P. Pond (the “Executive”) and Fairchild Semiconductor Corporation, a Delaware
corporation (the “Corporation”).

R E C I T A L S

A. The Executive and the Corporation have entered into the Employment Agreement.

B. The Executive and the Corporation desire to amend the Employment Agreement as set forth
herein.

C. Terms not otherwise defined herein have the meanings set forth in the Employment Agreement.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereby agree as follows:

1. Extension of Renewal Term. Notwithstanding anything to the contrary in Section 1(a) or
Section 23 of the Employment Agreement, the Renewal Term shall be extended to June 15, 2005 or such
other date within 60 days before or after such date as the Board of Directors of the Corporation
and the Executive shall determine consistent with the Corporation’s succession plan.

2. Adjustment to Consulting Period. Notwithstanding anything to the contrary in Section 23(c)
of the Employment Agreement, the Consulting Period shall begin immediately following the Renewal
Term and shall end two years later.

3. Modification to DSU Settlement Terms. Section 25(b) of the Employment Agreement is hereby
replaced, in its entirety, with the following:

(b) Settlement of Units. Any vested Units shall be settled in
 shares of common stock of the Corporation no later than five (5) business
days following the applicable Settlement Date. The initial Settlement Date
for any vested Units shall be the first to occur of: (i) the Executive’s
death; (ii) the Executive’s attainment of age 62; (iii) December 19, 2005,
provided that Vesting Event (F) in part (a)(2) above has occurred prior to
that date; or (iv) a Change in Control as defined for purposes of
Executive’s Employment Agreement. However, if the Settlement Date
corresponds to a separation of the Executive from service with the
Corporation then any vested Units shall instead be settled within five (5)
business days after the six month anniversary of separation from service, in
accordance with Sections 409A(a)(2)(A)(i) and 409A(a)(2)(B)(i) of the
Internal Revenue Code. Furthermore, for purposes of settlements under this
Section 25, any element of the contractual definition of Change in Control
that is inconsistent with the definition of Change in Control in Notice
2005-1, or that otherwise emerges under Section 409A(a)(2)(A)(v) of the
Internal Revenue Code, shall be disregarded. If less than all the Units
granted under this Section 25 had vested by the initial Settlement Date,
then each successive birthday of the Executive thereafter shall constitute a
subsequent Settlement Date, with respect to any Units which vested in the
interim, until all the granted Units have either been settled or forfeited
under this Section.

4. Settlement of Other DSU Awards. With respect to the settlement of any deferred stock units
held by the Executive other than those referred to in Section 3 above, if any Settlement Date (as
defined in the definitive documentation relating to such units) corresponds with the termination of
Executive’s employment with the Corporation, then such Settlement Date shall instead occur within
five business days after the six month anniversary of such termination, in accordance with Sections
409A(a)(2)(A)(i) and 409A(a)(2)(B)(i) of the Internal Revenue Code. Furthermore, for purposes of
any such settlements, any element of the contractual definition of Change in Control that is
inconsistent with the definition of Change in Control in Notice 2005-1, or that otherwise emerges
under Section 409A(a)(2)(A)(v) of the Internal Revenue Code, shall be disregarded.

5. Effect of Amendment. Except as expressly modified by this Amendment, the Employment
Agreement shall not be changed and shall continue in full force and effect according to its terms.
Without limiting the generality of the foregoing, any rights of the Executive under the Agreement
prior to its amendment hereby and not expressly modified by this Amendment shall not be adversely
affected by this Amendment. This Amendment shall modify any deferred stock unit agreement, deferred
stock settlement election or other agreement between the Company and the Executive to the extent
necessary to give effect to its terms. From and after the effective date of this Amendment, all
references in the Employment Agreement shall be deemed to be references to the Employment Agreement
as modified hereby.

IN WITNESS WHEREOF, the parties have executed this Amendment to be effective as of date first
set forth above.

FAIRCHILD SEMICONDUCTOR CORPORATION

By /s/ Daniel E. Boxer

	 	 	 	Its Senior Executive Vice President and Secretary

EXECUTIVE

 /s/ Kirk Pond

	 	 	 	Kirk PondEX-10.02

Exhibit 10.02

AMENDMENT TO EMPLOYMENT AGREEMENT

This Amendment to Employment Agreement, dated as of February 8, 2005 (this “Amendment”),
amends the Employment Agreement, entered into as of March 11, 2000, amended as of November 20, 2002
and further amended as of March 9, 2004 (as so amended, the “Agreement”), by and between Joseph R.
Martin (the “Executive”) and Fairchild Semiconductor Corporation, a Delaware corporation (the
“Corporation”). Terms not otherwise defined herein have the meanings set forth in the Agreement.

FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby
acknowledged, the parties agree as follows:

1. Extension of Renewal Term. Notwithstanding anything to the contrary in Section 1(a),
Section 26 or elsewhere in the Agreement, (a) the current Renewal Term is hereby extended until
June 15, 2005 or such other date within 60 days before or after such date as the Board of Directors
of the Corporation and the Executive shall determine consistent with the Corporation’s succession
plan (the definition of Renewal Term is hereby amended to include the remainder of the current term
together with such extension) and (b) the Consulting Period shall begin immediately following the
Renewal Term and shall end one year later.

2. DSU Settlement Date. With respect to the settlement of any deferred stock units held by the
Executive, if any Settlement Date (as defined in the definitive documentation relating to such
units) corresponds with the termination of Executive’s employment with the Corporation, then such
Settlement Date shall instead occur within five business days after the six month anniversary of
such termination, in accordance with Sections 409A(a)(2)(A)(i) and 409A(a)(2)(B)(i) of the Internal
Revenue Code. Furthermore, for purposes of any such settlements, any element of the contractual
definition of Change in Control that is inconsistent with the definition of Change in Control in
Notice 2005-1, or that otherwise emerges under Section 409A(a)(2)(A)(v) of the Internal Revenue
Code, shall be disregarded.

3. Effect of Amendment. Except as expressly modified by this Amendment, the Agreement shall
not be changed and shall continue in full force and effect according to its terms. Without limiting
the generality of the foregoing, any rights of the Executive under the Agreement prior to its
amendment hereby and not expressly modified by this Amendment shall not be adversely affected by
this Amendment. This Amendment shall modify any deferred stock unit agreement, deferred stock
settlement election or other agreement between the Company and the Executive to the extent
necessary to give effect to its terms. From and after the effective date of this Amendment, all
references in the Agreement shall be deemed to be references to the Agreement as modified hereby.

IN WITNESS WHEREOF, the parties have executed this Amendment to be effective as of date first
set forth above.

FAIRCHILD SEMICONDUCTOR CORPORATION

By /s/ Kirk P. Pond

	 	 	 	Its President and Chief Executive Officer

EXECUTIVE

 /s/ Joseph R. Martin

	 	 	 	Joseph R. Martin

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