Sales Executive Compensation Plan Description and Summary Form of Notice Effective June 27, 2005
EX-10.2 3 ex1002.htm Exhibit 10.2
Sales Executive Compensation Plan Description and Summary Form of Notice
Effective June 27, 2005
[ INSERT NAME ]
| Annual Target Compensation Mix | ||
| Base Salary: | USD | |
| Target Incentive (TI): | USD __% of Base Salary | |
| On Target Earnings (OTE): | USD | |
| OTE Quarterly Plan Components | ||
| I. | Quarterly Geographic (Products and Service) Revenue Bonus | |
| Quarterly Revenue Bonus equals 40% of total TI (10% each quarter). | ||
| Paid quarterly based on performance against quarterly revenue plan. | ||
| Quarterly bonus payment per Table I, Schedule A, if Contribution Margin target is not achieved in the same quarter. | ||
| Quarterly bonus payment per Table I, Schedule C, if Contribution Margin target is achieved in the same quarter. | ||
| Accelerators on revenue component are not paid unless Contribution Margin target is achieved in the same quarter. | ||
| II. | Quarterly Geographic Contribution Margin | |
| Quarterly Contribution Margin equals 60% of total TI (15% each quarter). | ||
| Paid quarterly based on performance against Quarterly Geographic Contribution Margin Plan. | ||
| Quarterly bonus payment per Table I, Schedule B. | ||
| Measurement is based on Geographic Contribution Margin dollars. | ||
| Approved by: | Date: | |
| | |
