Intellisync Corporation Executive Officer Bonus Plan Summary (2006)
Intellisync Corporation's Board of Directors approved changes to the executive officer bonus plan for fiscal year 2006. Bonuses for executive officers will be based on the company's gross revenue and operating profit, as determined by the Board's compensation committee. The committee will set the percentage of base compensation eligible for bonuses each year. For 2006, executive officers may receive bonuses ranging from 20% to 83% of their base salary, depending on the achievement of the specified financial targets.
Exhibit 10.41
INTELLISYNC CORPORATION
Summary of Executive Officer Bonus Plan
On August 24, 2005, the Board of Directors (the “Board”) of Intellisync Corporation (the “Company”) approved a change to the criteria for achievement of executive officer bonuses. Executive officer bonuses for fiscal year 2006 will be paid based upon achievement of gross revenue and operating profit metrics as determined by the compensation committee of the Board. The percentage allocation will be determined annually by the compensation committee. For fiscal year 2006, the potential bonus allocations for the Company’s executive officers range from 83% to 20% of such executive officer’s base compensation and are to be paid out based upon achievement of gross revenue and operating profit metrics established by the compensation committee.
