2008 Incentive Compensation Program for Executive Officers

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the 2008 Incentive Compensation Program for four executive officers: Amir Bassan-Eskenazi (President and CEO), Maurice Castonguay (SVP and CFO), David Heard (COO), and Ran Oz (EVP and CTO). It details each officer’s base salary, potential bonus amounts, and the specific performance goals required to earn bonuses, such as revenue, earnings, product development, and employee satisfaction. Bonus payouts are based on the achievement of these goals, with total achievement capped at 100%.

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EX-10.25 2 dex1025.htm DESCRIPTION OF 2008 INCENTIVE COMPENSATION PLAN Description of 2008 Incentive Compensation Plan

Exhibit 10.25

2008 Incentive Compensation Program

Amir Bassan-Eskenazi, President and Chief Executive Officer

 

Base Salary (annual):

    $ 325,000

Bonus Potential at 100% funding

   

First Half:

      97,500

Second Half:

      97,500

Annual:

      130,000
      

Total:

    $ 325,000

 

2008 Officer Bonus Goal

    First Half
% Actual
Achievement		     Second Half
% Actual
Achievement		     Annual
Actual
Achievement		  

1) Achieve revenues goal

    40 %   31.6 %  

2) Achieve earnings goal

    25 %   46.6 %  

3) Achieve bookings goal

    NA     13.7 %  

4) Achieve product release schedule goal

    5 %   5.2 %  

5) Achieve specified product plan goal

    5 %   5 %  

6) Achieve specified new product sales goal

    5 %   5 %  

7) Achieve specified customer satisfaction goal

    11 %   10 %  

8) Achieve employee satisfaction and retention goal

    0 %   10.4 %  
                  

Total

    91 %   100 %*   95.5 %

 

* Total achievement is capped at 100%.

2008 Incentive Compensation Program

Maurice Castonguay, Senior Vice President and Chief Financial Officer

 

Base Salary (annual):

    $ 280,000

Bonus Potential at 100% funding

   

First Half:

      21,000

Second Half:

      42,000

Annual:

      56,000
      

Total:

    $ 119,000

 

2008 Officer Bonus Goal

    First Half
% Actual
Achievement		     Second Half
% Actual
Achievement		     Annual
Actual
Achievement		  

1) Achieve earnings goal

    22 %   23.2 %  

2) Achieve departmental budgeting goal

    NA     5 %  

3) Achieve cash and investments goal

    3.5 %   7 %  

4) Achieve expense hedging goal

    7 %   7 %  

5) Achieve investor relations, financial analyst relations, and operating results goals

    21 %   13.8 %  

6) Achieve financial controls goal

    25 %   20 %  

7) Achieve corporate governance goal

    5 %   5 %  

8) Achieve internal communication goal

    4 %   10 %  

9) Achieve employee satisfaction and retention goal

    0 %   19.5 %  
                  

Total

    87.5 %   100 %*   93.8 %

 

* Total achievement is capped at 100%.

 

2008 Incentive Compensation Program

David Heard, Chief Operating Officer

 

Base Salary (annual):

    $ 325,000

Bonus Potential at 100% funding

   

First Half:

      68,250

Second Half:

      68,250

Annual:

      91,000
      

Total:

    $ 227,500

 

2008 Officer Bonus Goal

    First Half
% Actual
Achievement		     Second Half
% Actual
Achievement		     Annual
Actual
Achievement		  

1) Achieve specified bookings goal

    6 %   9 %  

2) Achieve specified margins goal

    7 %   5.5 %  

3) Achieve specified revenues goal

    NA     5.3 %  

4) Achieve specified earnings goal

    NA     11.6 %  

5) Achieve cost reduction and operating cost of goods goal

    7 %   NA    

6) Achieve product footprint goal

    4 %   0 %  

7) Achieve SDV market share goal

    7 %   4.9 %  

8) Achieve product delivery goals

    6 %   8.6 %  

9) Achieve product support goal

    5 %   6.9 %  

10) Achieve development process goal

    5 %   5.3 %  

11) Maintain low product returns

    5 %   4 %  

12) Maintain TL9000 certification

    4 %   3.6 %  

13) Achieve product release schedule goal

    5 %   5 %  

14) Achieve specified product plan goal

    4 %   5 %  

15) Achieve new product sales goal

    10 %   5 %  

16) Achieve customer satisfaction goal

    11 %   5 %  

17) Achieve customer response time goal

    5 %   4.9 %  

18) Achieve business operations goal

    NA     3 %  

19) Achieve employee satisfaction and retention goal

    0 %   10.3 %  
                  

Total

    91 %   100 %*   95.5 %

 

* Total achievement is capped at 100%.

2008 Incentive Compensation Program

Ran Oz, Executive Vice President and Chief Technology Officer

 

Base Salary (annual):

    $ 225,000

Bonus Potential at 100% funding

   

First Half:

      33,750

Second Half:

      33,750

Annual:

      45,000
      

Total:

    $ 112,500

 

2008 Officer Bonus Goal

    First Half
% Actual
Achievement		     Second Half
% Actual
Achievement		     Annual
Actual
Achievement		  

1) Achieve specified product demonstration and trials goals

    18 %   23 %  

2) Achieve specified SDV development goal

    18 %   22 %  

3) Achieve specified product demonstration and development goal

    13 %   12 %  

4) Achieve QAM development strategy goal

    11 %   6 %  

5) Achieve specified on-demand product strategy goal

    8 %   4.75 %  

6) Achieve customer relations and positioning goal

    5 %   12 %  

7) Achieve specified innovation-related sales goal

    NA     9 %  

8) Achieve employee satisfaction and retention goal

    0 %   7.75 %  
                  

Total

    73 %   96.5 %   84.8 %