*Portions of this exhibit have been excluded because it both (i) is not
material and (ii) would be competitively harmful if publicly disclosed.
For employees who are hired to develop business in new and/or emerging markets where revenue production may take multiple quarters, Management Business Objectives may be established with payouts for those MBOs. All MBOs must be approved by the Compensation Committee. Also, payment for the achievement of the MBOs will be approved by the Compensation Committee with supporting documentation provided by the RSM/RTM.
Awards outside plan provisions are subject to the approval of Cambium Compensation Committee. All such decisions, actions, or interpretations concerning the Plan made by the Compensation Committee shall be final, conclusive and binding on all parties.
Except to the extent inconsistent with local law, and subject to the rights of Participants under the Plan, the Company reserves the right to modify, amend or terminate the Plan, to change the territory or quota of any Participant at any time or from time to time, or to modify or amend any payment amount under the Plan, at any time, and from time to time, subject to approval of the Compensation Committee.
|5.02. || |
If a Participant fails to adhere to his/her confidentiality or intellectual property agreement or other policies of the Company, or if the Participants job performance is not satisfactory (including failure to comply with sales procedures and reporting requirements), Compensation Committee shall have the right to either revoke or amend the Participants participation, and his or her entitlement to incentive payments, as it deems appropriate in its sole discretion.
Participants are reminded of their obligations under Cambium Networks Code of Conduct. Particularly, Participants in this plan shall not assign or give anything of value (except for officially authorized Company promotional allowances) nor promise or give any part of their compensation to any agent, customer, or representative of the customer or other persons (including Company employees) as an inducement in making a sale.
|5.04. || |
Employment at Will.
This plan does not constitute a contract of employment with the Company for a specified term and all employment at Cambium Networks is at will.
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|Cambium Networks Confidential and Proprietary || ||Page 14 of 17|