Datawatch Corporation Fiscal 2005 Executive Sales Incentive Plan Description

Summary

Datawatch Corporation's 2005 Executive Sales Incentive Plan outlines commission payments to two senior executives based on revenue increases over the previous year. John Kitchen, Senior Vice President of Desktop & Server Products, will receive 2% of any increase in desktop and server product revenues, while Calvin MacKay, Senior Vice President of Enterprise Solutions, will receive 1% of any increase in enterprise product revenues. Payments are calculated and paid quarterly, and executives must be employed at the end of each quarter to qualify. The plan covers the 2005 fiscal year ending September 30, 2005.

EX-10.4 4 exhibit10-4_13033.txt EXECUTIVE SALES INCENTIVE PLAN EXHIBIT 10.4 ------------ DATAWATCH CORPORATION DESCRIPTION OF FISCAL 2005 EXECUTIVE SALES INCENTIVE PLAN The plan provides for payment of a commission of 2% of any increase in the revenues of desktop and server products, compared to the same period in fiscal 2004, to the Senior Vice President of Desktop & Server Products (John Kitchen) and 1% of any increase in the revenues of enterprise products (including Datawatch/ES, Visual/QSM and Visual/HD), compared to the same period in fiscal 2004, to the Senior Vice President of Enterprise Solutions (Calvin MacKay). The plan is open-ended in value but closed into a fixed term for the 2005 fiscal year ending September 30, 2005. The incentive payments will be measured and paid on a quarterly basis, and the officer must remain an employee at the end of a quarter to be eligible for a payment for the quarter.