2005 Cash Bonus Plan Summary for Eligible Employees and Executive Officers
This agreement outlines the 2005 Cash Bonus Plan for all eligible employees, including executive officers, of the company. Bonuses are based on the company's achievement of specific non-GAAP operating income and software license bookings targets, with half of the bonus pool tied to each goal. Individual bonus amounts depend on a percentage of each employee's base salary and vary by position. Bonuses are accrued quarterly and paid out semiannually.
EXHIBIT 10.33
Summary of 2005 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 non-GAAP operating income targets and software license bookings targets. One half of the aggregate bonus pool available for employees will be attributable to achievement of each of the two goals. The amount of the bonus pool that an individual employee may receive is based upon a percentage of the individual’s base salary and varies by position. Awards under the 2005 Cash Bonus Plan will be accrued quarterly and paid semiannually.
