2011 Incentive Compensation Program for Executive Officers

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2011 Incentive Compensation Program for several executive officers, including the CEO, CFO, and other senior leaders. Each officer is eligible for a specific bonus amount for the second half of 2011, based on achieving various performance goals such as financial targets, customer satisfaction, product development, and corporate objectives. The bonus for each officer is weighted according to the importance of each goal. Payment of the bonus is contingent on meeting these goals within the specified period.

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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
 
Second Half Bonus Potential         $ 222,480  
               
2011 Officer Bonus Goal   Second Half % Goal Weighting          
1) Achieve bookings goal
     25          
2) Achieve operating income goal
     25          
3) Achieve customer satisfaction goal
     25          
4) Achieve product development goal
     25          
Total
     100 %        
 
2011 Incentive Compensation Program
Ravi Narula, Senior Vice President and Chief Financial Officer
 
Second Half Bonus Potential
         $ 75,930  
               
2011 Officer Bonus Goal
  
Second Half % Goal Weighting
          
1) Achieve balance sheet and accounts receivable goal
     7.50          
2) Achieve gross margin and operating expense goal
     10.00          
3) Achieve processes improvements goal
     7.50          
4) Achieve audit and financial controls goal
     15.00          
5) Achieve employee satisfaction and retention goal
     5.00          
6) Achieve investor relations goal
     5.00          
7) Achieve group goal (CEO’s goal)
     50.00          
Total
     100.00 %        
 
2011 Incentive Compensation Program
Yaki Avimor, Sr. Vice President of Research & Development
 
Second Half Bonus Potential
         $ 68,263  
               
2011 Officer Bonus Goal
  
Second Half % Goal Weighting
          
1) Achieve specified new technology customer support goal
     7.00          
2) Achieve specified product delivery goal per plan
     30.50          
3) Achieve product quality goal
     3.50          
4) Achieve teamwork goal
     4.50          
5) Achieve budget goal
     4.50          
6) Achieve corporate goal (CEO’s goal)
     50.00          
Total
     100.00 %        

 
 
 
 
2011 Incentive Compensation Program
Rajive Dhar, Sr. Vice President and Chief Strategy Officer
 
Second Half Bonus Potential
         $ 76,500  
               
2011 Officer Bonus Goal
  
Second Half % Goal Weighting
          
1) Achieve specified technology goal and supervision of CTO organization
     7.50          
2) Achieve product roadmap and related budgeting goal
     22.50          
3) Achieve corporate development and strategic partnering goal
     12.50          
4) Achieve teamwork goal
     2.50          
5) Achieve marketing communications goal
     5.00          
6) Achieve corporate goal (CEO’s goal)
     50.00          
Total
     100.00 %        
 
2011 Incentive Compensation Program
Rob Horton, Senior Vice President and General Counsel

Second Half Bonus Potential
         $ 82,500  
               
2011 Officer Bonus Goal
  
Second Half % Goal Weighting
          
1) Achieve corporate governance securities compliance goal
     15.00          
2) Achieve legal department customer satisfaction goal
     12.50          
3) Achieve human resource goal
     12.50          
4) Achieve litigation management goal
     5.00          
5) Achieve teamwork goal
     5.00          
6) Achieve corporate goal (CEO’s goal)
     50.00          
Total
     100.00 %