SEC Contract Filing

Filing Date: 2019-06-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.24
<SEQUENCE>5
<FILENAME>ntap-ex1024_242.htm
<DESCRIPTION>EX-10.24
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.24</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:10pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Georgia;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">NETAPP, INC.<font style="font-size:12pt;"><br /></font><font style="text-decoration:underline;">RESTRICTED STOCK UNIT AGREEMENT (PERFORMANCE-BASED)</font></p>
<p style="margin-bottom:9pt;margin-top:0pt;text-indent:0%;font-family:Georgia;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NetApp, Inc. (the &#8220;Company&#8221;) hereby grants you, (the &#8220;Participant&#8221;), an award of restricted stock units (&#8220;Restricted Stock Units&#8221;) under the NetApp, Inc. 1999 Stock Option Plan (the &#8220;Plan&#8221;). Subject to the provisions of Appendix&#160;A and Appendix B (both attached) and of the Plan, the principal features of this award are as follows:</p>
<p style="margin-bottom:9pt;margin-top:0pt;text-indent:0%;font-family:Georgia;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Participant:</font></p>
<p style="margin-bottom:9pt;margin-top:0pt;text-indent:0%;font-family:Georgia;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#171;FIRST_NAME&#187; &#171;MIDDLE_NAME&#187; &#171;LAST_NAME&#187;</p>
<p style="margin-bottom:9pt;margin-top:0pt;text-indent:0%;font-family:Georgia;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#171;ADDRESS_LINE_1&#187;</p>
<p style="margin-bottom:9pt;margin-top:0pt;text-indent:0%;font-family:Georgia;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#171;ADDRESS_LINE_2&#187;</p>
<p style="margin-bottom:9pt;margin-top:0pt;text-indent:0%;font-family:Georgia;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#171;CITY&#187;, &#171;STATE&#187; &#171;ZIP_CODE&#187;</p>
<p style="margin-bottom:9pt;margin-top:0pt;text-indent:0%;font-family:Georgia;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#171;COUNTRY&#187;</p>
<p style="margin-bottom:9pt;margin-top:0pt;text-indent:0%;font-family:Georgia;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Grant Date:</font> &#171;GRANT_DATE&#187;</p>
<p style="margin-bottom:9pt;margin-top:0pt;text-indent:0%;font-family:Georgia;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Grant Number</font>: &#171;NUM&#187;</p>
<p style="margin-bottom:9pt;margin-top:0pt;text-indent:0%;font-family:Georgia;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Target Number of Restricted Stock Units</font>: &#171;SHARES&#187; (the &#8220;Target Number of Restricted Stock Units&#8221;)<sup style="font-size:85%; vertical-align:top">1</sup><sup style="font-size:85%; vertical-align:top"></sup></p>
<p style="margin-bottom:9pt;margin-top:0pt;text-indent:0%;font-family:Georgia;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Maximum Number of Restricted Stock Units</font>: &#171;SHARES&#187; (the &#8220;Maximum Number of Restricted Stock Units&#8221;)<sup style="font-size:85%; vertical-align:top">2</sup><sup style="font-size:85%; vertical-align:top"></sup></p>
<p style="margin-bottom:9pt;margin-top:0pt;text-indent:0%;font-family:Georgia;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Vesting of Restricted Stock Units</font>: The Restricted Stock Units will vest according to the following schedule: </p>
<p style="margin-bottom:9pt;margin-top:0pt;text-indent:0%;font-style:italic;font-family:Georgia;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">General</p>
<p style="margin-bottom:9pt;margin-top:0pt;text-indent:0%;font-family:Georgia;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The number of Restricted Stock Units that will become eligible for vesting as set forth below will depend upon the Company&#8217;s Adjusted Operating Income (or &#8220;AOI&#8221;) (as defined below) for the Performance Period (as defined below) and will be determined in accordance with this Agreement.&nbsp;&nbsp;</p>
<p style="margin-bottom:9pt;margin-top:0pt;text-indent:0%;font-family:Georgia;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The &#8220;Performance Period&#8221; will begin on the first day of the Company&#8217;s 2020 fiscal year (the &#8220;Commencement Date&#8221;) and end on the last day of the Company&#8217;s 2022 fiscal year (the &#8220;Anniversary Date&#8221;).&nbsp;&nbsp;Notwithstanding the foregoing, in the event of a Change in Control, or in the event Participant&#8217;s continuous Service is terminated due to Participant&#8217;s death or Permanent Disability (a &#8220;Qualifying Termination&#8221;), the Performance Per