IOMEGA CORP
2002 BONUS PLAN
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<TYPE>EX-10
<SEQUENCE>4
<FILENAME>ex10_22.htm
<DESCRIPTION>2002 BONUS PLAN
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<Head><title>Exhibit 10-22</title></head>
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<p align=right><FONT FACE="Times New Roman, Times, Serif" SIZE=1><b>Ex. 10.22</b></font></p>
<a name="a14"></a>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2002
Incentive Pay Program</FONT></H1><BR>
<table border=1 width=100% cellpadding=0 cellspacing=0>
<tr><Th colspan=2><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                                          Profit Sharing Program<BR>
                                            Basic Plan Design
     </font></th></tr>

<TR>
   <TD align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Eligible Participants
   </font></td>
   <TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
    Worldwide Employees <BR>excluding participants in IBP or commissioned sales staff
   </font></td>
</tr>
<TR>
   <TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Plan Terms</font></td>
   <TD align=left>
   <UL type=circle>
   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Stand-alone Quarterly Plans</font>
   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Components are independent except that company as whole must be<BR>
       profitable during period to make payout</font>
   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Targets based on 2002 Operating Plan Pre-tax Income targets</font>
   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Excludes any exceptional, one-time charges or extraordinary income</font>
   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Participation prorated for date of hire and leave of absences</font>
   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Employed on day of payout to receive</font>
   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Bonuses based on base pay rate at time of payout</font>
   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Thresholds and accelerators same as for IBP program</font>
</UL>
</td>
</TR>
</TABLE>

<table border=1 width=100% cellpadding=0 cellspacing=0>
<TR>
   <TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Component Targets</font></td>
   <TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Corporate Employee Participants<BR><BR>
       100% Corp Pre-tax Income</font></td>
   <TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Regional Employee Participants<BR><BR>
       50% Corp Pre-tax Income<BR>
       50% Region Operating Income</font></td>
</tr>
<TR>
   <TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Individual Target<BR>
       Bonus Amounts</font></td>
   <TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Range from 5-15% based on<BR>
       salary grade of position</font></td>
   <TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Europe, Asia/Pac and Penang at <BR>
       localized or mandated levels</font></td>
</tr>
</table>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>Slopes</b></FONT></P>

<table border=1 width=100% cellpadding=0 cellspacing=0>
<TR>
   <TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Goal Achievement</font></td>
   <TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Bonus Payout</font></td>
</tr>
<tr>
<TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>80 - 110%</font></td>
<TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>80 - 110%</font></td>
</tr>
<tr>
<TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>+110 - 125%</font></td>
<TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>+110 - 140%</font></td>
</tr>
<tr>
<TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>+125 - 140%</font></td>
<TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>+140 - 200%</font></td>
</tr>
</table><BR><BR><BR>

<table border=1 width=100% cellpadding=0 cellspacing=0>
<tr><Th colspan=2><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                                          Iomega Bonus Plan (IBP)<BR>
                                            Basic Plan Design
     </font></th></tr>

<TR>
   <TD align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Eligible Participants
   </font></td>
   <TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
    Executives, Directors, Highest Level Individual Contributor with<BR>
    IPB targets 20% and higher
   </font></td>
</tr>
<TR>
   <TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Plan Terms</font></td>
   <TD align=left>
   <UL type=circle>
   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>6 months (roughly Jan-Jun and Jul-Dec)</font>
   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Components are independent except that company as whole must be<BR>
       profitable during period to make payout</font>
   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Targets based on 2002 Operating Plan targets</font>
   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Excludes any exceptional, one-time charges or
       extraordinary income</font>
   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Thresholds and accelerators same as for Profit
       sharing program</font>
   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Participation prorated for date of hire and leave of absences</font>
   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Employed on day of payout to receive</font>
   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Bonuses based on base pay rate at time of payout</font>
   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Budget compliance required for executive payout</font>
</UL>
</td>
</TR>
</TABLE>

<table border=1 width=100% cellpadding=0 cellspacing=0>
<TR>
   <TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Component Targets</font></td>
   <TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Corporate Employee Participants<BR><BR>
       50% Corporate Pre-tax Income<BR>
       30% Corporate Revenue<BR>
       20% Corporate Critical Success Indicator Objective(s)</font></td>
   <TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Regional Employee Participants<BR><BR>
       20% Corporate Pre-tax Income<BR>
       30% Regional Revenue<BR>
       30% Regional Operating Income<BR>
       20% Corporate Critical Success Indicator Objective(s)</font></td>
</tr>
</table>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Slopes<BR></FONT></H1>

<table border=1 width=100% cellpadding=0 cellspacing=0>
<TR>
   <TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Goal Achievement</font></td>
   <TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Bonus Payout</font></td>
</tr>
<tr>
<TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>80 - 110%</font></td>
<TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>80 - 110%</font></td>
</tr>
<tr>
<TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>+110 - 125%</font></td>
<TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>+110 - 140%</font></td>
</tr>
<tr>
<TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>+125 - 140%</font></td>
<TD align=left valign=top><FONT FACE="Times New Roman, Times, Serif" SIZE=2>+140 - 200%</font></td>
</tr>
</table>

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