2002 Executive Incentive Plan for Marimba, Inc.

Summary

This agreement outlines Marimba, Inc.'s 2002 Executive Incentive Plan, which aims to motivate and reward executives for company profitability and growth. The plan provides for both quarterly and annual incentive payouts based on revenue bookings, with specific targets and payout schedules. Executives must be actively employed on the payout date to receive incentives. Marimba reserves the right to modify or terminate the plan at any time, and participation does not guarantee continued employment. The plan is effective for the 2002 calendar year only.

EX-10.9 6 dex109.txt FORM OF 2002 EXECUTIVE INCENTIVE PLAN EXHIBIT 10.9 2002 EXECUTIVE INCENTIVE PLAN Name: Plan Date: January 1, 2002 - December 31, 2002 Purpose: The purpose of the incentive plan is to motivate and reward the executive to profitability, grow the company, and achieve corporate goals. The plan provides for a quarterly and annual payout. Target Compensation: Base Pay: $ ________ Target Incentive: $ ________ Total Target Compensation: $ ________ Incentive Targets: Quarterly Payout (revenueable bookings): . Revenueable bookings measured annually and paid from first dollar. . Payout to occur in first payroll following 45 days from close of quarter . Must be on active employment status on payout date to be eligible for payout Plan Provisions: Marimba reserves the right to terminate or modify this plan at any time. The plan is effective for the 2002 plan year. Any future incentive plan is at the discretion of the Board of Directors. Participation in the plan does not constitute an agreement to employee the participant for any length of time and shall not restrict the Company's right to terminate the employment of the participant for any reason and at any time. _________________ Date:________ __________________________ Date: _________ [Name] [Name], [Title] Name: Region: On Quota Date: 1/1/02 OTE and Quota ($s in 000s) Months on Plan 12 On Target Earnings ___ Annual Base Pay ___ Annual Incentive Base (IB) ___ 2002 Quota Base Commission Rate % ____% Q1 Quota ___ Q2 Quota ___ Q3 Quota ___ Q4 Quota ___ Accelerator Chart Achieved Pay at Factor 0% ____% 1 0.00% 100% ____% 1 100.01% 110% ____% 7 110.01% 120% ____% 7 120.01% 200% ____% 7 Great than 200.00% ____% 7 IB vs Achievement Chart ($s in 000s) This table is only to be used for example purposes. Commissionable % plan Factor % IB MBO Total Orders __ _____% 1.000 ____% ___ ___ ___ ___ 100% 1.000 ____% ___ ___ ___ ___ _____% 7.000 ____% ___ ___ ___ ___ _____% 7.000 ____% ___ ___ ___ ___ _____% 7.000 ____% ___ ___ ___ ___ _____% 7.000 ____% ___ ___ ___ ___ _____% 7.000 ____% ___ ___ ___ I have read, understand and agree to this 2002 Marimba Sales Compensation Plan (including Attachment B above) and the Marimba 2002 Sales Policy attached hereto. _____________________ _____________________ [Name] Date Plan Approved by: ____________________________________________ [Name], [Title]