2007 Cash Bonus Plan Summary for Eligible Employees and Executive Officers
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Summary
This document outlines the 2007 Cash Bonus Plan for all eligible employees, including executive officers, of the company. Bonuses are based on the company's achievement of specific financial and individual performance goals. Executive officers can earn target bonuses ranging from 50% to 100% of their salary, with the possibility of earning up to twice their target bonus for exceptional results. Bonus amounts are determined as a percentage of base salary and vary by position. Bonuses are accrued quarterly and paid out semiannually.
EX-10.1 2 f29990exv10w1.htm EXHIBIT 10.1 exv10w1
EXHIBIT 10.1
Summary of 2007 Cash Bonus Plan
All eligible employees, including executive officers, of the Company may receive performance-based compensation based upon the Company's achievement of certain goals, including achievement of specified adjusted non-GAAP operating income targets and net software license orders targets and/or based upon the achievement of specified individual objectives. The executive officers’ target bonuses range from 50% to 100% of their salary with a potential maximum bonus of up to two times their target bonus upon achievement of extremely aggressive results. The amount of the bonus pool that an individual employee is targeted to receive is based upon a percentage of the individual's base salary and varies by position. Awards under the 2007 Cash Bonus Plan will be accrued quarterly and paid semiannually.
