EXHIBIT 10.1
QLOGIC CORPORATION
2005 PERFORMANCE INCENTIVE PLAN
The purpose of this QLogic Corporation 2005 Performance Incentive Plan (this “ Plan ”) of QLogic
Corporation, a Delaware corporation (the “ Corporation ”), is to promote the success of the Corporation
and to increase stockholder value by providing an additional means through the grant of awards to attract,
motivate, retain and reward selected employees and other eligible persons.
The Administrator (as such term is defined in Section 3.1) may grant awards under this Plan only to those
persons that the Administrator determines to be Eligible Persons. An “ Eligible Person ” is any person
who is either: (a) an officer (whether or not a director) or employee of the Corporation or one of its
SubsidiariesÍž (b) a director of one of the Corporation’s SubsidiariesÍž or (c) an individual consultant or
advisor who renders or has rendered bona fide services (other than services in connection with the offering
or sale of securities of the Corporation or one of its Subsidiaries in a capital-raising transaction or as a
market maker or promoter of securities of the Corporation or one of its Subsidiaries) to the Corporation or
one of its Subsidiaries and who is selected to participate in this Plan by the Administrator; provided,
however, that a person who is otherwise an Eligible Person under clause (c) above may participate in this
Plan only if such participation would not adversely affect either the Corporation’s eligibility to use Form S-8
to register under the Securities Act of 1933, as amended (the “ Securities Act ”), the offering and sale of
shares issuable under this Plan by the Corporation or the Corporation’s compliance with any other
applicable laws. An Eligible Person who has been granted an award may, if otherwise eligible, be granted
additional awards if the Administrator shall so determine. A Non-Employee Director shall be eligible only
for awards pursuant to Appendix A to this Plan and shall not be eligible for discretionary