Contract

Exhibit 10.1 EMPLOYMENT AGREEMENT THIS EMPLOYMENT AGREEMENT (the "Agreement") is made and entered into by and between ZEBRA TECHNOLOGIES CORPORATION, a Delaware corporation (the "Company” or the “Employer"), and Xxxxxx Xxxxxxx (the "Executive") as of January 11, 2021. RECITALS A. The Employer wishes to employ the Executive, and the Executive desires to accept employment with the Employer. B. The Employer and the Executive desire to enter into this agreement to delineate the terms and conditions of the Executive’s employment. NOW, THEREFORE, in consideration of the above premises and the following mutual covenants and conditions, the parties agree as follows: 1. Employment. As of the first business day following the appointment of the Executive by the Company’s Board of Directors (the “Effective Date”) and following successful completion of a detailed background check, the Executive accepts and shall commence employment as the Chief Financial Officer on the following terms and conditions. The Executive understands and agrees that the Executive is an at-will employee, and the Executive and the Employer can, and shall have the right to, terminate the employment relationship at any time for any or no reason, with or without notice, and with or without cause, subject to the payment provisions contained in Paragraph 7 of this Agreement. Nothing contained in this Agreement or any other agreement shall alter the at-will relationship. 2. Duties. The Executive shall work for the Employer in a full-time capacity. The Executive shall, during the term of the Executive’s employment, have the duties, responsibilities, powers, and authority customarily associated with the position of an executive officer. The Executive shall solely report to, and follow the direction of, the Chief Executive Officer of the Employer (the “CEO”) or a designee of the Board of Directors of the Company (the “Board”). The Executive shall diligently, competently, and faithfully perform all duties and will use the Executive’s best efforts to promote the interests of the Employer. It shall not be considered a violation of the foregoing for the Executive to serve on business, industry, civic, religious or charitable boards or committees, so long as such service is in compliance with the Employer’s Corporate Governance Guidelines, the CEO is provided notice of such service and, in the CEO’s reasonable determination, such service does not individually or in the aggregate significantly interfere with the performance of the Executive's responsibilities as an employee of the Employer in accordance with this Agreement. Notwithstanding the foregoing, Executive represents that the Executive presently serves in a position of authority for, or on a committee, the board of directors, or a similar governing body of, the entities listed on attached Exhibit A, and that so long as such service does not individually or in the aggregate significantly interfere with the performance of the

3 incentive (“Incentive”) earned will be calculated based on the Executive’s prior base earnings and associated target incentive during the time spent in the 2021 Plan Year in his prior position with the Company and also based on the corresponding Base Salary actually earned and Target Incentive following the Effective Date. The Incentive, if any, for a given year (the “Incentive Year”) may be below, at or above the Target Incentive and shall be paid in the following year in March of such year, provided, and except as otherwise set forth in Paragraph 7B, the Executive must be employed by the Employer and in good standing as of the date that the Incentive is paid to earn any Incentive for the Incentive Year. C. Equity. The Executive shall be eligible to be granted equity awards under and pursuant to the terms of the Zebra Technologies Corporation 2018 Long-Term Incentive Plan, or any successor long-term incentive plan, as any such plan may be amended from time to time. Except with respect to the equity awards to be granted in connection with the appointment of the Executive to Chief Financial Officer, the Executive’s equity awards shall be on the same terms and conditions as other executive officers other than the CEO. In connection with the appointment of the Executive to Chief Financial Officer, the Executive will be granted equity awards with an aggregate grant date fair value equal to $1,550,000 in accordance with Zebra’s Equity Grant Approval Process and upon approval of the Compensation Committee of the Board of Directors. The date of grant will be determined based on the Company’s policies governing off -cycle grant awards in effect at the time of the appointment. This $1,550,000 award will be in the form of time-vested restricted stock (40%) and performance-vested restricted stock (60%). The time- vested restricted stock shall be granted on February 16, 2021, will be on the same terms and conditions as the equity awards granted in 2020 to executive officers other than the CEO and will vest in accordance with the terms of the award agreement in 1/3 increments on the anniversary of the grant date. The performance-vested restricted stock shall be granted on May 6, 2021, will be on the same terms and subject to the performance period and performance targets contained in the 2021 performance-vested restricted stock awards, and will vest on the three year anniversary of the grant date. In subsequent years, the target value of the Executive’s annual grant is reviewed annually based on market data and other factors and is subject to the approval of the Compensation Committee of the Board of Directors and may be adjusted. Future year consideration for an equity award is conditioned upon the Employer’s performance; the Executive’s overall performance and contribution to the business; and Compensation Committee approval; individually or collectively which may result in an actual award greater than, equal to or less than the target award. D. Employee Benefits. During the term of the Executive’s employment, the Employer shall: (1) include the Executive in any life insurance, disability insurance, medical, dental or health insurance, paid time off of four (4) weeks accrued pro- rata in each calendar year, which shall in all instances cease accruing in accordance with the Employer’s paid time off policy for U.S. employees, savings, and retirement plans and other benefit plans or programs (including, if applicable, any excess benefit or supplemental executive retirement plans) maintained by the Employer for the benefit of its executive officers; and (2) include the Executive in such perquisites as the Employer may establish from time to time that are commensurate with the Executive’s position

7 Executive shall be entitled to the following: (i) the continuation of the Executive’s Base Salary at the annual salary rate then in effect (before any reduction under Paragraph 6D(3) which is made on a proportionally equal basis to all executive officers and which is made within the one (1) year period preceding the date the Executive’s employment is terminated), for a period of one year following the termination of the Executive’s employment (the “Severance Period”), payable commencing on the first regularly scheduled payroll date after the date the Executive’s employment is terminated and continuing thereafter on each subsequent payroll date throughout the Severance Period in accordance with the Employer’s payroll policy from time to time in effect and subject to the limitations imposed under subparagraph 7B(3); (ii) a pro-rata portion of the Incentive for the year in which the Executive’s employment terminates calculated in accordance with the terms of the relevant Zebra Incentive Plan, if such Incentive would have been earned had the Executive been employed and in good standing as of the date the Incentive otherwise is paid to other executive officers of the Employer, and payable at the time the Incentive otherwise is paid to other senior level executives of the Employer; (iii) any unpaid Incentive attributable to the calendar year prior to the calendar year in which the Executive’s employment terminates, if such Incentive would have been earned per the terms of the relevant Zebra Incentive Plan had the Executive been employed and in good standing as of the date the Incentive otherwise is paid to other executive officers of the Employer, and payable at the time the Incentive otherwise is paid to other executive officers of the Employer; (iv) a payment equal to one hundred percent (100%) of the Target Incentive (before any reduction under Paragraph 6D(3) which is made on a proportionally equal basis to all executive officers and which is made within the one (1) year period preceding the date the Executive’s employment is terminated), based upon the Base Salary then in effect as determined under subparagraph 7B(1)(i), to be calculated per the terms of the relevant Zebra Incentive Plan and paid at the same time that performance Incentives are paid by the Employer to its executive officers with respect to the year in which such termination occurs; (v) equity compensation, if any, subject to the terms of the Executive’s respective award agreements and governing Long Term Incentive Plans; (vi) professional outplacement services by a company selected by, and paid by, the Employer within one (1) year after the date of termination, in an amount not to exceed $32,000 and which amount is subject to all applicable taxes; and (vii) continued coverage of the Executive and the Executive’s dependents in the medical and dental insurance plans then sponsored by the Employer, as mandated by COBRA, which may continue to the extent required by applicable law and the Employer shall pay for such coverage, at the same rate the Employer pays for health insurance coverage for its active employees under its group health plan (with the Executive required to pay for any employee-paid portion of such coverage), through the earlier of (a) the last day of the Severance Period or (b) the date the Executive becomes eligible for coverage under another group health plan; provided, however, that nothing herein shall be construed to extend the period of time over which such COBRA continuation coverage may be provided to the Executive and the Executive’s dependents beyond that mandated by law and; provided further, that the Executive shall be required to

8 pay the cost of such COBRA continuation coverage for any time following the last day of the Severance Period. (2) The foregoing notwithstanding, if at any time within one hundred twenty (120) days immediately preceding or one (1) year immediately following a "Change in Control," the Executive’s employment is terminated pursuant to Paragraph 6C or 6D, the Executive shall be entitled to the following compensation, in lieu of any payments otherwise set forth in Paragraph 7B(1)(i) and (iv) above, and payable within sixty (60) days following the later of the Change in Control or the termination, subject, however, to the limitations imposed under subparagraph 7B(3) and (4): two (2.0) times the Executive’s Base Salary at the annual rate then in effect (before any reduction under Paragraph 6D(3) which is made on a proportionally equal basis to all executive officers and which is made prior to the Change in Control and within the one (1) year period preceding the date the Executive’s employment is terminated) and two (2.0) times the Target Incentive (before any reduction under Paragraph 6D(3) which is made on a proportionally equal basis to all executive officers and which is made prior to the Change in Control and within the one (1) year period preceding the date the Executive’s employment is terminated), based upon the Base Salary then in effect as determined under this subparagraph 7B(2). In addition, upon the termination of the Executive’s employment as set forth in this subparagraph 7B(2) the Executive and the Executive’s dependents shall be offered continued coverage under the Employer’s group health plan for the duration of the COBRA continuation period on the same financial terms as described above in subparagraph 7B(1)(vii) and shall also be entitled to the compensation and benefits, if any, set forth in subparagraphs 7B(1)(ii), (iii), (v) and (vi), above. (3) Notwithstanding any of the above Sections on timing of payment, if the Executive is a “specified employee” as such term is defined under Section 409A of the Code and the regulations and guidance promulgated thereunder, any payments described in this Paragraph 7B or Xxxxxxxxx 0X to the extent applicable shall be delayed for a period of six (6) months following the Executive’s separation of employment to the extent and up to an amount necessary to ensure such payments are not subject to the penalties and interest under Section 409A of the Code. (4) The payments and benefits to be made under this Paragraph 7B shall be further conditioned upon the Executive’s execution of an agreement acceptable to the Employer that (i) waives any rights the Executive may otherwise have against the Employer, and (ii) releases the Employer from actions, suits, claims, proceedings and demands related to the period of employment and/or the termination of employment to the extent permissible by law. Such agreement shall be provided to the Executive prior to or promptly following the Executive’s termination of employment, and must be executed by the Executive and returned to the Employer within the time prescribed in such agreement (but in no event later than the sixtieth (60th) day following termination of employment). No payments shall be made pursuant to Paragraph 7B unless and until the Employer shall have

9 received such agreement and any period during which the Executive may revoke such agreement shall have expired without revocation. In the event such period spans two (2) calendar years, payment will not commence until the second calendar year and after the severance agreement and general release of claims has become effective. Any payments which the Executive would have otherwise received prior to the end of such revocation period shall be paid, in a single lump sum without interest, as soon as practical after the revocation period expires, but in no event later than March 15 of the year following the year in which the termination of employment occurs. For purposes of this Paragraph 7B, "Change in Control" shall be as defined under the 2018 Long-Term Incentive Plan, as in effect on the date hereof, which definition is incorporated herein by reference; provided, however, the definition of Change in Control as set forth herein is not intended to be broader than the definition of a “change in control event” as defined by reference to the regulations under Section 409A of the Code, and the payments described in Paragraph 7B(2) shall not be payable unless the applicable Change in Control constitutes a change in control event in accordance with Section 409A of the Code and the regulations and guidance promulgated thereunder. (5) Subject to the limitations set forth under Section 7B(3), each installment of Base Salary and Incentive paid under Section 7B is designated as a separate payment for purposes of the short-term deferral rules under Treasury Regulation Section 1.409A-1(b)(4)(i)(F) and the exemption for involuntary terminations under separation pay plans under Treasury Regulation Section 1.409A-1(b)(9)(iii). As a result, the following payments are intended to be exempt from Section 409A of the Code: (1) payments that are made on or before the 15th day of the third month of the calendar year following the calendar year in which the Executive terminates employment, and (2) subsequent payments made on or before the last day of the second calendar year following the year of the Executive’s termination that do not exceed the lesser of two times the Executive’s annual rate of pay in the year prior to the Executive’s termination or two times the limit under Section 401(a)(17) of the Internal Revenue Code then in effect. In the event that any provision of this Agreement is deemed to be subject to Section 409A of the Code, the Employer shall administer this Agreement in accordance with the requirements set forth in Section 409A of the Code and any rules and regulations issued thereunder. If any provision of this Agreement does not comply with the requirements of Section 409A of the Code, the Employer, in exercise of its sole discretion and without consent of the Executive, may amend or modify this Agreement in any manner to the extent necessary to meet the requirements of Section 409A of the Code; provided, that any such amendment or modification shall not reduce or diminish the amount or value of any payment to be made to Executive under this Agreement.

16 registered or certified mail, postage prepaid, return receipt requested, or by recognized overnight courier, (b) sent by electronic mail, provided a hard copy is mailed on that date to the party for whom such notices are intended, or (c) sent by other means at least as fast and reliable as first class mail. A written notice shall be deemed to have been given to the recipient party on the earlier of (a) the date it shall be delivered to the address required by this Agreement; (b) the date delivery shall have been refused at the address required by this Agreement; (c) with respect to notices sent by mail or overnight courier, the date as of which the Postal Service or overnight courier, as the case may be, shall have indicated such notice to be undeliverable at the address required by this Agreement; or (d) with respect to electronic mail, the date on which the electronic mail is sent and receipt of which is confirmed. Any and all notices referred to in this Agreement, or which either party desires to give to the other, shall be addressed to the Executive’s residence in the case of the Executive, or, if to the Employer, to: General Counsel Zebra Technologies Corporation 0 Xxxxxxxx Xxxxx Xxxxxxxxxxxx, XX 00000 Either party may from time to time designate a new address by notice given in accordance with this Paragraph 9. 10. Waiver of Breach. A waiver by either party of a breach of any provision of this Agreement by the other party shall not operate or be construed as a waiver or estoppel of any subsequent breach by such other party. No waiver shall be valid unless in writing and signed by an authorized officer of the Employer or by the Executive, as the case may be. 11. Assignment. The Executive acknowledges that the services to be rendered by the Executive are unique and personal. Accordingly, the Executive may not assign any of the Executive’s duties or obligations under this Agreement. This Agreement shall be binding upon and inure to the benefit of the Executive, the Executive’s estate and beneficiaries. The rights and obligations of the Employer under this Agreement shall inure to the benefit of and shall be binding upon the successors and assigns of the Employer. 12. Entire Agreement. This Agreement and the documents referred to in it constitute the entire and final agreement between the parties; provided, however, that (i) any award or agreement that I have received from Company under any Long-Term Incentive Plan, or comparable compensation plan that permits forfeiture or clawback of awards due to breach of any post-employment restrictions set forth therein apply in addition to any remedies available under this Agreement and (ii) any Indemnification Agreement between the Employer and Executive shall not be affected by this Agreement and remains in full force and effect. No change or modification of this Agreement shall be valid unless in writing and signed by the Employer and the Executive. 13. Severability. If any provision of this Agreement shall be found invalid or unenforceable for any reason, in whole or in part, then such provision shall be deemed modified, restricted, or reformulated to the extent and in the manner necessary to render the same valid and enforceable, or shall be deemed excised from this Agreement, as the case may require, and this Agreement shall be construed and enforced to the maximum extent permitted by law, as if such

17 provision had been originally incorporated herein as so modified, restricted, or reformulated or as if such provision had not been originally incorporated herein, as the case may be. The parties further agree to seek a lawful substitute for any provision found to be unlawful; provided, that, if the parties are unable to agree upon a lawful substitute, the parties desire and request that a court or other authority called upon to decide the enforceability of this Agreement modify those restrictions in this Agreement that, once modified, will result in an agreement that is enforceable to the maximum extent permitted by the law in existence at the time of the requested enforcement. 14. Headings. The headings in this Agreement are inserted for convenience only and are not to be considered a construction of the provisions hereof. 15. Execution of Agreement. This Agreement may be executed in several counterparts, each of which shall be considered an original, but which when taken together, shall constitute one agreement. 16. Recitals. The recitals to this Agreement are incorporated herein as an integral part hereof and shall be considered as substantive and not precatory language. 17. Governing Law; Choice of Forum. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Illinois, without reference to its conflict of law provisions. Furthermore, the Executive agrees and consents to submit to personal jurisdiction in the State of Illinois in any state or federal court of competent subject matter jurisdiction situated in Lake or Xxxx County, Illinois. The Executive further agrees that the sole and exclusive venue for any suit arising out of, or seeking to enforce, the terms of this Agreement shall be in a state or federal court of competent subject matter jurisdiction situated in Lake or Xxxx County, Illinois. In addition, the Executive waives any right to challenge in another court any judgment entered by such Lake or Xxxx County court or to assert that any action instituted by the Employer in any such court is in the improper venue or should be transferred to a more convenient forum. Further, the Executive waives any right the Executive may otherwise have to a trial by jury in any action to enforce the terms of this Agreement. 18. Indemnification. The Employer shall obtain and maintain for the Executive directors’ and officers’ liability insurance coverage and shall indemnify the Executive to the extent permitted under the Employer’s By-Laws and/or Certificate of Incorporation and/or any indemnification agreement between the Employer and the Executive. 19. No Mitigation. The Executive shall have no obligation or duty to seek subsequent employment or engagement as an employee (including self-employment) or as a consultant or otherwise mitigate the Employer’s obligation under this Agreement. Payments and benefits due under Paragraph 7 of this Agreement shall not be reduced by any compensation earned by the Executive as an employee or consultant from any employment or consulting arrangement after the Executive’s termination of employment.

18 IN WITNESS WHEREOF, the parties have set their signatures on the date set forth below. ZEBRA TECHNOLOGIES CORPORATION: EXECUTIVE: By: /s/ Xxxxxx Xxxxxxxxxx By: /s/ Xxxxxx Xxxxxxx Xxxxxx Xxxxxxxxxx, CEO Xxxxxx Xxxxxxx Date signed: January 11, 2021 Date signed: January 11, 2021