SEC Contract Filing

Filing Date: 2018-02-26

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d492059dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ALARM.COM HOLDINGS, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2018 EXECUTIVE BONUS PLAN </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>1.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Purpose.</B><B></B>&nbsp;As part of its executive compensation program, Alarm.com Holdings, Inc. (the
&#147;<B><I>Company</I></B>&#148;) has designed this 2018 Executive Bonus Plan (the &#147;<B><I>Bonus Plan</I></B>&#148;) for the 2018 calendar year. The Bonus Plan operates under, and is part of, the Alarm.com Holdings, Inc. 2015 Equity Incentive
Plan (the &#147;<B><I>2015 Plan</I></B>&#148;), which has been approved by the Board and the Company&#146;s stockholders. The Bonus Plan provides Participants with incentive awards, paid in cash and/or shares of Common Stock, based on the
achievement of objectively determinable performance goals. The Bonus Plan is intended to permit the payment of bonuses that may qualify as Performance-Based Compensation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>2.</B><B>&nbsp;&nbsp;&nbsp;&nbsp;</B><B>Definitions.</B>&nbsp;Defined terms not explicitly defined in the Bonus Plan but defined in the 2015 Plan shall
have the same definitions as in the 2015 Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>(a)</B>&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B><I>Bonus Award</I></B>&#148; means, with
respect to each Participant, the award determined pursuant to Section&nbsp;5(f) below, which is subject to the Committee&#146;s authority under Section&nbsp;5(f). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>(b)</B>&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B><I>Code</I></B>&#148; means the Internal Revenue Code of 1986, as amended. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>(c)</B>&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B><I>Committee</I></B>&#148; means the Compensation Committee of the Board (or a subcommittee
thereof), or such other committee of the Board (including, without limitation, the full Board) to which the Board has delegated power to act under or pursuant to the provisions of the 2015 Plan;<I>&nbsp;provided, however</I>, that with respect to
payments under the Bonus Plan intended to qualify as Performance-Based Compensation, the Committee shall consist, to the extent required by Section&nbsp;162(m), solely of two or more members of the Board who qualify as &#147;outside directors&#148;
within the meaning of Section&nbsp;162(m). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>(d)</B>&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B><I>Maximum Bonus Award</I></B>&#148; means, as to
any Participant for the Performance Period, the maximum award that may be granted to the Participant under the Bonus Plan. In no event may the Maximum Bonus Award paid in respect of a calendar year exceed the amount specified in Section&nbsp;3(d) of
the 2015 Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>(e)</B>&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B><I>Participant</I></B>&#148; means an eligible officer selected by the
Committee, in its sole discretion, to participate in the Bonus Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>(f)</B>&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B><I>Payout Determination
Date</I></B>&#148; means the date upon which the Committee determines the amounts payable pursuant to the Target Bonus Award with respect to the completed Performance Period, in accordance with Section&nbsp;5(f). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>(g)</B>&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B><I>Payout Formula</I></B>&#148; means, as to any Performance Period, the formula or payout matrix
established by the Committee pursuant to Section&nbsp;5 in order to determine the Bonus Awards (if any) to be paid to each Participant. The Payout Formula may be (but is not required to be) expressed as a percentage (which may be more than 100%) of
the Target Bonus Award. The Payout Formula may differ from Participant to Participant and, with respect to any one Participant in a given Performance Period. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>(h)</B>&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B><I>Performance-Based Compensation</I></B>&#148; means
compensation that is intended to qualify as &#147;performance-based compensation&#148; within the meaning of Section&nbsp;162(m). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>(i)</B>&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B><I>Performance Goals</I></B>&#148; means the goal(s)&nbsp;(or combined goal(s)) determined by the
Committee, in its sole discretion, to be applicable to a Participant with respect to a Bonus Award including, as set forth in Sections 13(nn) and 13(oo) of the 2015 Plan. The criteria set forth in Sections 13(nn) or 13(oo) of the 2015 Plan may
relate to the Company, one or more of its Affiliates or one or more of its or their divisions or units, or