Q3 Financial Metrics by Business Unit
Exhibit 10.35
2nd Half 2007 Executive Bonus Program
Introduction
With the recent reorganization and focus on our 3 lines of business, we have modified our bonus plans for the 2nd half of 2007 to align better with each business and provide the increased opportunity for a bonus payout in 2007.
Goals of the Plan
The goals of the 2007 H2 revised Management Bonus Program are:
· To recognize executive contributions in the achievement of organizational financial targets and the achievement of established Success Factors
Plan Design
For the second half bonus plan, we will measure our achievements quarterly by organization.
For Q3, the Executive plan is based on revised second half 2007 Business Unit financial goals or, for the Corporate executives, Company Financial Goals. For Q4, the Executive plan is based on Q4 financial metrics by Business Unit AND 2H Success Factors for each unit.
Q3 Financial Metrics by Business Unit |
| |||||
Business Unit |
| Metric |
| Goal |
| |
Communications Platforms |
| Contribution Margin Target |
| $ | 5.5M |
|
Mobile Applications |
| Contribution Margin Target |
| $ | (1.8M | ) |
Network Infrastructure |
| Contribution Margin Target |
| $ | (400 | ) |
*** NMS Communications Confidential ***
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|
|
| |||||
Business Unit |
| Financial Metric |
| Success Factor Metric |
| |||
Communications |
| Contribution Margin Target |
| $ | 5.2M |
| 6 Major New Design Wins |
|
Mobile Applications |
| Contribution Margin Target |
| $ | (2.1M | ) | Deliver & launch Virgin Mobile |
|
Corporate Functions |
| Company Financials |
|
|
| Oprationalize Revenue Share |
|
Plan Funding and Payouts
The plan is funded to pay out up to 25% of the 2007 Bonus Target.
2nd half 07 bonus payments are payable at the end of each quarter once company financials have been released.
One-third of the H2 payout will be available after the end of Q3 while the remaining two-thirds will be available at the end of Q4 based upon results.
*** NMS Communications Confidential ***