EXHIBIT 10.1 EMC CORPORATION EXECUTIVE INCENTIVE BONUS PLANExecutive Compensation Plan Agreement |
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EXHIBIT 10.1
EMC CORPORATION
EXECUTIVE INCENTIVE BONUS PLAN
1. Purpose.
This Executive Incentive Bonus Plan (the “Plan”) has been established to enhance the ability of EMC Corporation (the “Company”) and its subsidiaries to attract, retain and motivate highly-qualified executives through cash incentives.
2. Administration.
The Plan shall be administered by the Compensation Committee of the Company’s Board of Directors (the “Board”) or such other committee appointed by the Board (the “Committee”). Subject to the provisions set forth herein, the Committee shall have full authority to interpret the terms of the Plan and to decide all questions and settle all controversies and disputes which may arise in connection with the Plan.
3. Eligibility and Participation.
Eligibility under the Plan is limited to those key employees of the Company or its subsidiaries designated by the Committee as participants in the Plan (“Participants”).
4. Bonus Awards.
4.1 Participants may be awarded cash bonuses (“Bonus Awards”) based on the achievement of one or more goals relating to one or more Performance Criteria (as defined below) or such other criteria determined by the Committee in its
