Exhibit 10.41
NOTE: Portions of this Exhibit
are the subject of a Confidential Treatment Request by KLA-Tencor
Corporation to the Securities and Exchange Commission (the
“SEC”). Such portions have been redacted and are marked
with a “**” in place of the redacted language. The
redacted information has been filed separately with the
SEC.
KLA-TENCOR
FY09 PERFORMANCE BONUS
PLAN
(Annual Executive Bonus)
Plan Summary
The KLA-Tencor Performance Bonus
Plan (the Plan) is intended to motivate senior executives to
achieve short-term and long-term corporate objectives by providing
a competitive bonus for target performance and the appropriate
upside opportunity to reward outstanding performance.
Plan Period
This Plan is effective for the
fiscal year period from July 1 through June 30, 2009.
Newly eligible employees (e.g. employees promoted to an
incentive-eligible position for the first time or a new hire) must
be in an eligible position on or before April 1 of the fiscal
year in order to qualify for participation in fiscal year
FY09.
Eligible Positions
The Company’s Chief Executive
Officer (CEO), Chief Operating Officer (COO), and Executives
holding a position at X02 level and above, are eligible to
participate in the Plan.
Program Payments
Bonus payments, based on performance
during the Plan Period, will be paid within 90 days following
June 30, 2009, but in no event later than December 31,
2009. Bonus calculations are based on paid base salary for the
applicable Plan Period. Paid base salary includes base salary and
seasonal bonuses paid in some countries if the seasonal bonus is
considered a component of the employee’s annual salary. Paid
base salary does not include relocation allowances and
reimbursements, tuition reimbursements, car/transportation
allowances, expatriate allowances, commissions, long-term
disability payments, or bonuses paid during the fiscal year. A
participant must be a regular, active employee of the Company on
the date of the payout in order to receive payment. Employees who
are promoted or hired into an eligible position during the year (on
or before April 1) will have their payouts calculated on paid
salary from the effective date of the promotion or hire. If an
employee’s target bonus changes during the year, the payout
will be prorated.
Target Bonus
A target bonus is established as a
percent of base salary for each Plan participant.
Funding Threshold
Total available funding for the Plan
will be determined by performance against a threshold level of PFO
performance for the fiscal year. The Plan will be fully funded
(equivalent to the sum of 3.00 times each Plan participant’s
target bonus percentage and base salary) upon achievement of a
performance threshold of $[omitted] ** of PFO or greater
(including
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**
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This
information has been omitted pursuant to a request for confidential
treatment and has been filed separately with the S
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