SEC Contract Filing

Filing Date: 2018-08-21

Document Content:
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<TYPE>EX-10.1
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<FILENAME>ntap-ex101_59.htm
<DESCRIPTION>EX-10.1
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<p style="text-align:right;margin-top:0pt;margin-bottom:0pt;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;text-indent:0%;">Exhibit 10.1</p>
<p style="margin-top:0pt;text-align:center;margin-bottom:0pt;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;text-indent:0%;">NETAPP, INC.</p>
<p style="margin-top:0pt;text-align:center;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">EXECUTIVE COMPENSATION PLAN</p>
<p style="margin-top:0pt;text-align:center;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(as amended and restated June 20, 2018)</p>
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<p style="margin-top:24pt;margin-bottom:0pt;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td>
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<p style="margin-top:24pt;margin-bottom:0pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:12pt;">OVERVIEW</p></td></tr></table></div>
<p style="text-align:justify;margin-top:24pt;margin-bottom:0pt;text-indent:3.7%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.1.<font style="margin-left:36pt;"></font><font style="font-weight:bold;">Plan Objectives.</font> The objective of the <font style="font-weight:bold;">NetApp, Inc. Executive Compensation Plan</font> (the &#8220;Plan&#8221;) is to provide a means and guidelines under which NetApp, Inc. (the &#8220;Company&#8221;) can share its success with its key executives by providing such executives with awards based on the achievement of goals relating to the performance of the Company and its subsidiaries. For Performance Periods that ended prior to the Restatement Date, the Plan was intended to permit the grant of awards that qualified as performance-based compensation under Section 162(m) of the Code.</p>
<p style="text-align:justify;margin-top:24pt;margin-bottom:0pt;text-indent:3.7%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.2.<font style="margin-left:36pt;"></font><font style="font-weight:bold;">Effective Date.</font> The Plan originally became effective as of April 30, 2007 and was most recently amended and restated as of June 20, 2018 (the &#8220;Restatement Date&#8221;).&nbsp;&nbsp;For purposes of clarification, the most recent amended and restated Plan only applies to Performance Periods commencing on or after the Company&#8217;s 2019 Fiscal Year, and the most recent amended and restated Plan does not impact any bonus arrangement adopted by the Company for Performance Periods that commenced prior to the Company&#8217;s 2019 Fiscal Year.&nbsp;&nbsp;</p>
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<p style="margin-top:24pt;margin-bottom:0pt;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2.</font></p></td>
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<p style="margin-top:24pt;margin-bottom:0pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:12pt;">DEFINITIONS</p></td></tr></table></div>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:7.41%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The following words and phrases shall have the following meanings unless a different meaning is plainly required by the context:</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:3.7%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc169409285"></a>2.1.<font style="margin-left:36pt;"></font><font style="font-weight:bold;">&#8220;Actual Award&#8221;</font> means as to any Performance Period, the actual award (if any) payable to a Participant for the Performance Period, subject to the Committee&#8217;s authority under Section 3.4 to modify the award.</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:3.7%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc169409286"></a>2.2.<font style="margin-left:36pt;"></font><font style="font-weight:bold;">&#8220;Affiliate&#8221;</font> means any corporation or other entity (including, but not limited to, partnerships and joint ventures) controlled by the Company.</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:3.7%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc169409287"></a>2.3.<font style="margin-left:36pt