2011 Incentive Compensation Program for Executive Officers
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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 executive's annual base salary and potential bonus, which is split into first and second half payments. Bonus eligibility is based on achieving specific performance goals, with each goal assigned a percentage weighting. The agreement details the criteria and weightings for each executive's bonus, linking compensation to company and individual performance.
EX-10.1 2 f58411exv10w1.htm EX-10.1 exv10w1
Exhibit 10.1
2011 Incentive Compensation Program
Amir Bassan-Eskenazi, President and Chief Executive Officer
Amir Bassan-Eskenazi, President and Chief Executive Officer
Base Salary (annual): | $ | 412,000 | ||
Bonus Potential: | ||||
First Half | 222,480 | |||
Second Half | 222,480 | |||
Total | $ | 444,960 |
First Half | ||||
% Goal | ||||
2010 Officer Bonus Goal | Weighting | |||
1) Achieve bookings goal | 20 | % | ||
2) Achieve revenues goal | 20 | % | ||
3) Achieve opex goal | 20 | % | ||
4) Achieve product development goal | 20 | % | ||
5) Achieve teamwork goal | 20 | % | ||
Total | 100 | % |
2011 Incentive Compensation Program
Ravi Narula, Senior Vice President and Chief Financial Officer
Ravi Narula, Senior Vice President and Chief Financial Officer
Base Salary (annual): | $ | 253,100 | ||
Bonus Potential: | ||||
First Half | 75,930 | |||
Second Half | 75,930 | |||
Total | $ | 151,860 |
Second Half | ||||
% Goal | ||||
2010 Officer Bonus Goal | Weighting | |||
1) Achieve operating results goals | 20 | % | ||
2) Achieve financial management goals | 10 | % | ||
3) Achieve processes improvements goals | 7.5 | % | ||
4) Achieve audit and financial controls goals | 15 | % | ||
5) Achieve employee satisfaction and retention goal | 2.5 | % | ||
6) Achieve group goal (CEOs goals) | 50 | % | ||
Total | 100 | % |
2011 Incentive Compensation Program
Rob Horton, Senior Vice President and General Counsel
Rob Horton, Senior Vice President and General Counsel
Base Salary (annual): | $ | 250,000 | ||
Bonus Potential: | ||||
First Half | 75,000 | |||
Second Half | 75,000 | |||
Total | $ | 150,000 |
Second Half | ||||
% Goal | ||||
2010 Officer Bonus Goal | Weighting | |||
1) Achieve corporate governance securities compliance goals | 10 | % | ||
2) Achieve legal department customer satisfaction goals | 10 | % | ||
3) Achieve human resources goals | 10 | % | ||
4) Achieve Board of Directors support goals | 7.5 | % | ||
5) Achieve litigation management goals | 10 | % | ||
6) Achieve teamwork goal | 2.5 | % | ||
7) Achieve group goal (CEOs goals) | 50 | % | ||
Total | 100 | % |
2011 Incentive Compensation Program
Ran Oz, Executive Vice President and Chief Technology Officer
Ran Oz, Executive Vice President and Chief Technology Officer
Base Salary (annual): | $ | 225,000 | ||
Bonus Potential: | ||||
First Half | 67,500 | |||
Second Half | 67,500 | |||
Total | $ | 135,000 |
Second Half | ||||
% Goal | ||||
2010 Officer Bonus Goal | Weighting | |||
1) Achieve specified technology demonstration goals | 12.5 | % | ||
2) Achieve roadmap goals | 15 | % | ||
3) Achieve corporate development goals | 7.5 | % | ||
4) Achieve intellectual property goal | 5 | % | ||
5) Achieve partnership goals | 5 | % | ||
6) Achieve teamwork goal | 5 | % | ||
7) Achieve group goal (CEOs goals) | 50 | % | ||
Total | 100 | % |