Amendment to Alfred Amoroso Offer Letter Regarding Annual Bonus – Macrovision Corporation (February 12, 2007)
This amendment, dated February 12, 2007, is between Macrovision Corporation and Alfred Amoroso. It changes the terms of Mr. Amoroso’s annual bonus, making it entirely dependent on the company’s performance starting in 2007. The bonus will now be based on Macrovision’s achievement of annual revenue, operating profit, and customer satisfaction targets, rather than a mix of company and individual objectives. All other terms of Mr. Amoroso’s employment remain the same.
Exhibit 10.1
February 12, 2007
Alfred Amoroso
c/o Macrovision Corporation
2830 De La Cruz Boulevard
Santa Clara, CA 95050
Dear Fred:
RE: Amendment to Annual Bonus
Pursuant to your offer letter dated June 8, 2005, you are eligible to participate in the Company’s bonus plan each calendar year. Your offer letter currently provides that for 2006 and subsequent years, the bonus payout is based 50% on the Company meeting both its revenue plan and EBIT plan and 50% on your achievement of specific individual objectives.
On February 7, 2007, the Compensation Committee approved the amendment to your employment arrangement with the Company such that for calendar year 2007 and subsequent years, your bonus payout will be based 100% upon the Company’s performance. Company performance in 2007 will be determined based upon the Company meeting its annual revenue, operating profit and customer satisfaction targets.
All other terms of your employment arrangement, as amended, remain unchanged.
Sincerely,
| /s/ Robert J. Majteles |
| Robert J. Majteles |
| Chairman, Compensation Committee |
| Macrovision Corporation |
| Agreed & Accepted: | ||||
| /s/ Alfred J. Amoroso | 2/12/07 | |||
| Alfred J. Amoroso | DATE | |||
