Compensation Summary Sheet for Phillip M. Fernandez – Marketo, Inc.
This document outlines the compensation terms for Phillip M. Fernandez, who serves as President, CEO, and Chairman of Marketo, Inc. His employment is at will, meaning it can be ended by either party at any time. For 2013, his base salary was $350,000 with a target bonus of $350,000, and he received an actual bonus of $605,500. Starting January 1, 2014, his base salary increased to $400,000, with a target bonus equal to his base salary.
Exhibit 10.5
Compensation Summary Sheet for Phillip M. Fernandez
Phillip M. Fernandez serves as the President, Chief Executive Officer and Chairman of the Board of Marketo, Inc. (the “Company”). Mr. Fernandez’s employment with the Company is “at will” and for no specific period of time. During the year ended December 31, 2013, Mr. Fernandez had an annual base salary of $350,000 and an annual target bonus of $350,000. The actual bonus amount paid to Mr. Fernandez for 2013 was $605,500. Effective as of January 1, 2014, Mr. Fernandez had an annual base salary of $400,000 and an annual target bonus equal to 100% of his base salary.
