2024 Sales Incentive Compensation Plan for Sam Alkharrat (Americas Region)
This agreement outlines the 2024 Sales Incentive Compensation Plan for Sam Alkharrat, managed by Stephen Holdridge, EVP Chief Revenue Officer, at Dayforce. The plan sets a target incentive of $450,000, with payouts based on achieving sales quotas for high-margin SaaS revenue. Quotas are determined by sales management and payouts are calculated annually, with specific multipliers based on quota attainment. The plan details how quotas are set, how incentives are paid, and references additional policies for further terms. Certain confidential details have been omitted.
Exhibit 10.9
*Certain confidential portions of this exhibit have been omitted and replaced with “[***]” pursuant to Regulation S-K, Item 601(b)(10). Such identified information has been excluded from this exhibit because it is (i) not material, and (ii) the type of information that the registrant treats as private and confidential.
2024 Sales Incentive Compensation Plan
Plan Effective Start Date
01/01/2024
Plan Summary
Sam Alkharrat
Region |
| Manager |
| Title |
Americas |
| Stephen Holdridge |
| EVP Chief RevenueOfficer |
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SIP Currency |
| Target Incentives |
| Payment Currency |
USD |
| 450,000.00 USD |
| USD |
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Prorated Target Incentives |
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450,000.00 USD |
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Plan Objective
The purpose of a Sales Incentive Plan is to reward participants for delivering high-margin SaaS revenue through relationships with new clients and expanding relationships with our existing customers, while striving to exceed both Dayforce and personal goals and objectives.
Quota
Quota Type: Rollup
Quota is set by sales management based on account and territory assignment, segment and market assignment, and business objectives. Quota will retire based on the Closed Won and booked value of Salesforce Opportunities that are credited to the employee. Attainment of Quota will occur at the time of sale (unless otherwise stated above), but will be reduced by Quota elements that cancel in the current year or are otherwise not "earned" as defined by the Global Sales Policy.The currency used to calculate quota attainment and variable incentives is based on the currency where the employee resides, not the currency of the sale itself. Quota attainment will influence the commission rate and potential accelerator(s), if eligible.
Quota may be prorated pending an employee's start date in the eligible role or otherwise when the employee is Active. Please refer to the Global Sales Policy for more information related to quota crediting and rules of engagement.
Period | Global Sales PEPM ACV (USD) |
YEAR-2024 | [***] |
QTR-1-2024 | [***] |
JAN-2024 | [***] |
FEB-2024 | [***] |
MAR-2024 | [***] |
QTR-2-2024 | [***] |
APR-2024 | [***] |
MAY-2024 | [***] |
JUN-2024 | [***] |
QTR-3-2024 | [***] |
JUL-2024 | [***] |
AUG-2024 | [***] |
SEP-2024 | [***] |
QTR-4-2024 | [***] |
OCT-2024 | [***] |
NOV-2024 | [***] |
DEC-2024 | [***] |
Incentive Compensation Plan Components
Global Sales PEPM ACV Attainment Component (100%)
Payout Frequency:
Annually
Quota Criteria:
Sales PEPM ACV
Payout Determinations:
The employee will receive the Target Incentive Multipliers shown below based on quota achievement during the year. The Quota Attainment Incentive Multiplier is determined based on the cumulative annual attainment achieved within each Quota Attainment Range and will be paid at the Effective Target Incentive Multiplier as detailed in the chart below.
Quota Attainment % | Quota Attainment $ | Rate Multiplier | Rate/Payout |
<83% | <$[***]M | 0 | $0 |
83% Threshold | $[***]M | 1 | $[***] |
83.01% - 100% | $[***]M - $[***]M | 1 | [***]% |
100.01% - 105% | $[***]M - $[***]M | 1.25 | [***]% |
105.01% - 110% | $[***]M - $[***]M | 1.5 | [***]% |
110.01%+ | $[***]M+ | 2 | [***]% |
Note:
All quotas and Target Incentives are in USD and will be converted to local currency for commission payment. Business deals closed prior to 2024, Incentive will be paid in accordance with the provisions of the 2023 Global Sales Policy, 2023 Terms and Conditions and your 2023 SIP. Spiffs are not included as part of the Sales Incentive Plan AND rather ARE SEPARATE incentivized plans which may be offered/ amended/retracted in Dayforce’s sole discretion. The actual Incentive payout is subject to the Global Sales Policy, your individual SIP and the applicable Terms and Conditions and will be communicated via an Incentive Plan Statement.
Opportunity/Sales Type Defined
