SUMMARY OF FISCAL YEAR 2005 CASH BONUS PLAN
EXHIBIT 10.11
SUMMARY OF FISCAL YEAR 2005 CASH BONUS PLAN
Following is a summary of the fiscal 2005 cash bonus plan for executive officers of IMPAC Medical Systems, Inc. as approved by the Compensation Committee of the Board of Directors in September 2004:
Fiscal 2005 Gross Revenue Target: $[*] million
Net Income Target: $[*] million
For the executive officers, 50% of the maximum bonus is based on the Gross Revenue Target and 50% of the maximum bonus is based on the Net Income Target.
Executive officers will receive no bonus at 85% of the target amount and 100% of bonus at 105% of the target amount. The bonus amount continues to increase linearly up to 115% of the target amount, subject to the maximum bonus limit.
The executive officers are eligible for the following bonus ranges:
| Executive Officer | Target Bonus | Maximum Bonus | ||||
| Joseph K. Jachinowski | $ | 93,750 | $ | 125,000 | ||
| James P. Hoey | $ | 93,750 | $ | 125,000 | ||
| David A. Auerbach | $ | 93,750 | $ | 125,000 | ||
| Kendra A. Borrego | $ | 37,500 | $ | 50,000 | ||
* Specific target levels have been omitted in reliance on the response to Question 13 of the Current Report on Form 8-K Frequently Asked Questions dated November 23, 2004.
