2011 Incentive Compensation Program for Executive Officers

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2011 Incentive Compensation Program for four executive officers: Amir Bassan-Eskenazi (President and CEO), Ravi Narula (SVP and CFO), Rob Horton (SVP and General Counsel), and Ran Oz (EVP and CTO). It specifies each officer’s potential first-half bonus, the performance goals and their weightings, and the actual achievement percentages. Bonus payouts are determined by the extent to which each officer meets their assigned goals. Ran Oz was not eligible for payment after leaving full-time employment in April 2011.

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EX-10.1 2 ex10_1.htm EXHIBIT 10.1 ex10_1.htm
Exhibit 10.1

2011 Incentive Compensation Program
Amir Bassan-Eskenazi, President and Chief Executive Officer

First Half Bonus Potential
        
$222,480
  
             
2010 Officer Bonus Goal
  
First Half
% Goal
Weighting
  
First Half
%
Achievement
1) Achieve bookings goal
  
20
 %  
0
 %
2) Achieve revenues goal
  
20
 %  
0
 %
3) Achieve opex goal
  
20
 %  
0
  %
4) Achieve product development goal
  
20
 %  
0
  %
5) Achieve teamwork goal
  
20
 %  
0
 %
Total
  
100
 %  
0
 %
             
First Half Payout
        
$     0
  


2011 Incentive Compensation Program
Ravi Narula, Senior Vice President and Chief Financial Officer 

First Half Bonus Potential
        
$75,930
  
             
2010 Officer Bonus Goal
  
First Half
% Goal
Weighting
  
First Half
%
Achievement
1) Achieve operating results goal
  
20.00
 %  
14.00
 %
2) Achieve financial management goal
  
10.00
 %  
9.42
 %
3) Achieve processes improvements goals
  
7.50
 %  
5.58
 %
4) Achieve audit and financial controls goal
  
15.00
 %  
15.00
 %
5) Achieve employee satisfaction and retention goal
  
2.50
 %  
3.00
 %
6) Achieve group goal (CEO’s goals)
  
50.00
 %  
0.00
 %
Total
  
100
 %  
47.00
 %
             
First Half Payout
        
$35,687
  

 
 
 
 
2011 Incentive Compensation Program
Rob Horton, Senior Vice President and General Counsel

First Half Bonus Potential
        
$75,000
  
             
2010 Officer Bonus Goal
  
First Half
% Goal
Weighting
  
First Half
%
Achievement
1) Achieve corporate governance securities compliance goal
  
10.00
 %  
11.88
 %
2) Achieve legal department customer satisfaction goal
  
10.00
 %  
10.87
 %
3) Achieve human resource goals
  
10.00
 %  
8.91
 %
4) Achieve Board of Directors support goals
  
7.50
 %  
8.95
 %
5) Achieve litigation management goals
  
10.00
 %  
11.87
 %
6) Achieve teamwork goals
  
2.50
 %  
2.97
 %
7) Achieve group goal (CEO’s goals)
  
50.00
 %  
0.00
 %
Total
  
100.00
 %  
50.00
 %
             
First Half Payout
        
$37,500
  


2011 Incentive Compensation Program
Ran Oz, Executive Vice President and Chief Technology Officer*
 
First Half Bonus Potential
        
$67,500
  
             
2010 Officer Bonus Goal
  
First Half
% Goal
Weighting
  
First Half
%
Achievement
1) Achieve specified technology demonstration goals
  
12.50
 %  
0
 %
2) Achieve roadmap goals
  
15.00
 %  
0
 %
3) Achieve corporate development goals
  
7.50
 %  
0
 %
4) Achieve intellectual property goal
  
5.00
 %  
0
 %
5) Achieve partnership goals
  
5.00
 %  
0
 %
6) Achieve teamwork goals
  
5.00
 %  
0
 %
7) Achieve group goal (CEO’s goals)
  
50.00
 %  
0
 %
Total
  
100
 %  
0
 %
             
First Half Payout
        
$     0
  

* Mr. Oz exited full-time employment in April 2011, and consequently was no longer eligible for payment