Exhibit 10.1 Special Retention Bonus Program Overview
Exhibit 10.1
Special Retention Bonus Program Overview
Bonus Pool: Aggregate bonus pool equal to $91.112M
Eligibility: Executive Leadership Team, Vice-Presidents, and Executive Directors
Performance Metrics: Operating free cash flow (OFCF) tied to the FY14 Incentive Bonus Plan (IBP)
Payout: Ranges from 0 to 100% of base salary based on OFCF performance and payable on the same the date as the FY14 IBP payout
Termination without Cause: Employees will forfeit right to retention bonus if the employee is not employed on the bonus payout date unless employee is terminated by Dell without cause which results in a payout equal to 75% of maximum payout amount.
Bonus Opportunity: Executive Leadership Team equal to 100% of base salary and all other executives based on increments of 25%, 50%, 75% or 100% of base salary
Change in Control: Retention bonus will be payable regardless of whether a change in control takes place or Dell remain a publicly traded company.