HallmarkChannel AdvertisingSales 2008Commission Proposal October 11,2007

EX-10.7 8 a08-18678_1ex10d7.htm EX-10.7

Exhibit 10.7

 

Hallmark Channel

 

Advertising Sales

 

2008 Commission Proposal

 

October 11, 2007

 



 

2008 Advertising Sales Commission Plan

 

·                 Objective - Develop a compensation plan based on individual, account by account spending targets by quarter.  Include a Strategic Initiative Component that rewards creative selling and aggressive deal-making in the scatter marketplace.

 

·                 4 Components:

 

·                  Quarterly Commission

 

·                  Quarterly Performance Bonus Pool

 

·                  Hallmark Movie Channel Straight Commission

 

·                  Year-end Corporate Bonus

 

·                 Rationale:

 

·                  Drive revenue and focus by heightening individual accountability and responsibility.  Award strategic thinking in the sales process.

 

2008 Sales Commission Plan Benefits

 

·                 Provide additional motivation for sales team on a Quarter-to-Quarter basis

 

·                 Encourage Split communication and cooperation

 

·                  More thorough client coverage will help establish Channel’s value

 

·                 Ensure focus in order to meet targets

 

·                 Increase sales focus on [*]

 

·                 Ultimately, will drive sales revenue higher

 

2008 Ad Sales Annual Commission Plan

 

·                 Year-end Commission is paid as Corporate Goals is achieved:

 

 

 

[% of Annual Base Salary]

[*]% of Goal

 

5

%*

At Corporate Goal ($[*])

 

[*]

%

[*]% of Goal

 

[*]

%

[*]% of Goal

 

[*]

%

[*]% of Goal

 

[*]

%

[*]% of Goal

 

[*]

%

[*]% of Goal

 

20

%

 


*Percentage applicable to William Abbott.

**Redacted, and omitted portion filed with the Commission.