Exhibit 10.1
Data Domain, Inc. 2009 Executive
Bonus Plan
D ATA D OMAIN , I NC .
2009 E XECUTIVE B ONUS P LAN
1. Effective Date and Term .
This 2009 Bonus Plan (the “Plan”) was adopted by the
Compensation Committee (the “Committee”) of the Board
of Directors of Data Domain, Inc. (the “Company”). The
Plan is effective for fiscal year 2009. The Plan is for the benefit
of individuals who are officers of the Company (the
“Officers”). Any other bonus plan applicable to
Officers previously approved by the Committee is hereby
terminated.
2. Administration . The
Committee administers the Plan and adopts rules and regulations to
implement the Plan. The decisions of the Committee are final and
binding on all parties who have an interest in the Plan.
3. Eligibility .
Participation in the Plan is limited to Executive Staff Members.
Participation in the Plan is effective on the day the participant
starts in a bonus-eligible job. Bonus payments will be prorated
based on the number of days the participant is employed by the
Company during the fiscal quarter. Bonus payments will be prorated
for participants who become eligible after the start of a fiscal
quarter or for participants who are on a leave of absence or
sabbatical for all or part of a fiscal quarter. A participant may
be removed from the Plan at any time and for any reason, at the
Company’s discretion, regardless of whether he or she remains
an officer or employee of the Company.
4. Determination of Amounts .
The Plan may provide a quarterly cash bonus that is paid based on
the achievement of pre-determined Company performance objectives
and individual performance factors. The amount of each
participant’s quarterly bonus is determined as
follows:
(a) An annual target bonus amount is
assigned to the participant by the Committee as soon as reasonably
practicable after the beginning of a fiscal year or, if later, at
the time of his or her hiring. The annual target bonus amount shall
be a percentage of base salary and may be modified from time to
time thereafter by the Committee. The quarterly target bonus amount
is equal to 20% of the annual target bonus amount. 20% of the
annual target bonus will be paid following the close of fiscal Q4
and will be determined based upon achievement of (revenue or
bookings as applicable) for FY09.
(b) The quarterly bonus is
determined on the basis of plan achievement, and with respect to
each participant is based on revenue and/or bookings as determined
by the Committee.
(c) Calculation of quarterly bonuses
will b
