Adept Technology, Inc. Fiscal Year 2012 Cash Incentive Plan

Summary

Adept Technology, Inc. established a cash incentive plan for fiscal year 2012, creating a bonus pool based on a percentage of the company's net cash above a set baseline. The pool is distributed among key team members in proportion to their potential restricted stock awards under a separate performance plan. Net cash is defined as cash and equivalents minus borrowings and the bonus pool itself. The plan lists specific participants and their corresponding restricted stock amounts, which determine their share of the cash incentive.

EX-10.27 4 dex1027.htm FISCAL 2012 CASH INCENTIVE PLAN Fiscal 2012 Cash Incentive Plan

Exhibit 10.27

Adept Technology, Inc.

Fiscal Year 2012 Cash Incentive Plan

•

For the net cash incentive plan, a pool is created that is a minority of the incremental cash above the FY2012 baseline plan for net cash. This pool is divided among the focus team members in a ratio directly proportional to the amount of restricted stock potentially awardable pursuant to the Fiscal 2012 Performance Plan (as reflected below) for such individual as to the aggregate restricted stock potentially awardable as set forth below.

•

Net cash means cash and cash equivalents, net of line of credit borrowings and any other financing, as determined by committee based upon the company’s financial statements MINUS the amount of the bonus pool.


Cash Incentive (Net cash balance excluding financing)

	7.5	%
	12.5	%
	15.0	%

% of cash creates bonus pool generated
• This pool is divided among the focus team members in a ratio directly proportional to their restricted stock award/aggregate awardable.


Participant Name	Restricted Stock Amount
John Dulchinos		50,000
Lisa Cummins		25,000
Joachim Melis		15,000
Jeff Baird		17,500
Rush LaSelle		12,500
Sue C. Lim		10,000
Cathy Denham		10,000
Patrick O’Sullivan		10,000