APPLIED MATERIALS, INC.
SENIOR EXECUTIVE BONUS PLAN
(May 10, 2010 Restatement)
ESTABLISHMENT AND PURPOSE
1.1 Purpose . Applied Materials, Inc. having established the Applied Materials, Inc. Senior Executive Bonus
Plan (the “Plan”) effective as of September 23, 1994, and having subsequently amended and restated the Plan,
hereby amends and restates the Plan effective as of September 16, 2008, as follows. The Plan is intended to
increase shareholder value and the success of the Company by motivating key executives (a) to perform to the
best of their abilities, and (b) to achieve the Company’s objectives. The Plan’s goals are to be achieved by
providing such executives with incentive awards based on the achievement of goals relating to the performance of
the Company and its individual business units. The Plan is intended to permit the payment of bonuses that qualify
as performance-based compensation under Code Section 162(m).
1.2 Effective Date . The Plan is subject to the approval of a majority of the shares of the Company’s common
stock that are present in person or by proxy and entitled to vote at the 2007 Annual Meeting of Stockholders.
The following words and phrases shall have the following meanings unless a different meaning is plainly
required by the context:
2.1 “ Actual Award ” means as to any Performance Period, the actual (if any) payable to a Participant for the
Performance Period. Each Actual Award is determined by the Payout Formula for the Performance Period,
subject to the Committee’s authority under Section 3.5 to reduce the award otherwise determined by the Payout
2.2 “ Affiliate ” means any corporation or other entity (including, but not limited to, partnerships and joint
ventures) controlled by the Company.
2.3 “ Base Salary ” means as to any Performance Period, 100% of the Participant’s annualized salary rate on
the last day of the Performance Period. Such Base Salary shal