Summary of Plan Terms for 2006 Executive Short-Term Incentive Plan

Contract Categories: Human Resources - Bonus & Incentive Agreements
EX-10.1 2 a06-12717_1ex10d1.htm EX-10

Exhibit 10.1

 

Summary of Plan Terms for 2006 Executive Short-Term Incentive Plan

 

The Advent Software 2006 Executive Short-Term Incentive Plan (“the Plan”) is designed to motivate and reward the Executive Team for short-term achievement of key bookings, revenue and operating profit milestones during the 2006 fiscal year. A summary of the terms follows:

 

•      The Plan is applicable to the President and CEO and executive-level direct reports of the CEO (the “Executives”)

 

•      The individual plans establish various target amounts, performance measures and goals of the cash bonuses awarded under the Plan for each Executive.

 

•      Target amounts range from a total per individual of $54,367 to $250,100.

 

•      Plan targets are based on bookings, recognized revenue, operating profit and individual executive performance relative to goals.

 

•      The Plan is an annual plan and is effective for the fiscal year end of 2006 and any bonuses earned will be paid in the first quarter of 2007.

 

•      The Plan may be renewed at the election of the Company for future periods.