Summary of Performance Objectives for Performance Option Grant (Exhibit 10.2)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the performance objectives tied to a performance option grant for fiscal year 2005. The objectives include achieving a $1 million operating profit to meet NASDAQ requirements, generating specified levels of cash from operations, and reaching minimum earnings per share targets. Additional goals involve implementing corporate alliance programs, securing design wins, executing strategic plans, and initiating product development. Each objective is assigned a specific weighting, reflecting its importance in determining the grant's vesting or payout.

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EX-10.2 3 a5135159ex10_2.txt EXHIBIT 10.2 Exhibit 10.2 SUMMARY OF PERFORMANCE OBJECTIVES APPLICABLE TO PERFORMANCE OPTION GRANT FINANCIAL WEIGHTING |X| Meet NASDAQ requirement = $1 million operating profit FY05 15% |X| Generate specified levels of cash from operations 15% |X| Generate minimum levels of EPS (basic shares) 30% FUNCTIONAL |X| Define and implement specified corporate alliance programs 10% |X| Achieve specific design wins 10% |X| Plan and implement specified strategies 10% |X| Final definition, schedule, resources plan, and start implementation of specific products 10%