2011 Incentive Compensation Program for Executive Officers

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
         
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
         
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 (CEO’s goals)
    50 %
 
       
Total
    100 %

 


 

2011 Incentive Compensation Program
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 (CEO’s goals)
    50 %
 
       
Total
    100 %
2011 Incentive Compensation Program
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 (CEO’s goals)
    50 %
 
       
Total
    100 %