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EX-10.1 - EX-10.1 - ARUBA NETWORKS, INC.f57708exv10w1.htm
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 17, 2010
 
ARUBA NETWORKS, INC.
(Exact name of registrant as specified in its charter)
         
Delaware   001-33347   02-0579097
         
(State or other
jurisdiction of
incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)
1344 Crossman Ave.
Sunnyvale, CA 94089

(Address of principal executive offices, including zip code)
(408) 227-4500
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 5.02   Compensatory Arrangements of Certain Officers.
Amendment of Executive Officer Bonus Plan
On December 17, 2010, the Compensation Committee (the “Committee”) of the Board of Directors of Aruba Networks, Inc. (the “Company”) approved an amendment to the Company’s Executive Officer Bonus Plan (the “Plan”), effective immediately. The Plan was originally approved by the Committee in December 2009 and offers the Company’s executive officers the opportunity to earn bonuses based on the achievement of specified performance targets during each performance period. As previously disclosed, each executive officer has been assigned a targeted bonus value for each performance period under the Plan, set as a percentage of his base salary for the performance period. The executive officer may earn more or less than his targeted value based on the extent to which achievement of the specified performance goals result in the funding of a bonus pool. The bonus pool is funded based upon the extent to which the Company meets the profit and revenue targets under the Board-approved internal operating plan for the applicable fiscal year.
The Plan has been amended to remove the one-year vesting requirement applicable to awards of restricted stock units under the Plan, such that each award of restricted stock units will be fully vested on the date of grant.
A copy of the Plan is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01   Financial Statements and Exhibits
(d)   Exhibits
         
Exhibit No.   Description
  10.1    
Executive Officer Bonus Plan, as amended

 


 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  ARUBA NETWORKS, INC.
 
 
Date: December 23, 2010  By:   /s/ Alexa King    
    Alexa King   
    Vice President, Legal and General Counsel   
 

 


 

EXHIBIT INDEX
         
Exhibit No.   Description
  10.1    
Executive Officer Bonus Plan, as amended