Jupitermedia Corporation 2008 Cash Bonus Plan Agreement with Alan Meckler

Summary

This agreement outlines the 2008 cash bonus plan for Alan Meckler, Chairman and CEO of Jupitermedia Corporation. The plan provides for a maximum annual incentive of $257,250, based on achieving specific revenue and EBITDA targets, as well as management objectives such as restructuring divisions and eliminating accounting deficiencies. Bonus amounts are determined by performance against set targets and are subject to approval by the Compensation Committee after year-end. The agreement excludes consideration of acquisitions made in 2008.

EX-10.8 8 dex108.htm CASH BONUS PLAN AGREEMENT, DATED AS OF MARCH 7, 2008 Cash Bonus Plan Agreement, dated as of March 7, 2008

Exhibit 10.8

Jupitermedia Corporation

Compensation Plan

For the Period from January 1 - December 31, 2008


From:		Compensation Committee:
		Michael J. Davies
		Gilbert Bach
		John Patrick
		William Shutzer

To:		Alan Meckler

Date:		March 7, 2008



Name:	Alan Meckler	Base Salary (As of March 1, 2008)	$	367,500

Title:	Chairman and CEO	Maximum Annual Incentive	$	257,250

		(70% of Base)

Annual Incentive Compensation:

Annual incentive compensation will be earned based on the following three objectives

•

Achievement of Revenue Target - Maximum Incentive = $85,750 (See schedule A)

•

Achievement of EBITDA Target - Maximum Incentive = $85,750 (See schedule B)

•

Achievement of management objectives as described below - Maximum Incentive - $85,750

Total Maximum Incentive = $257,250



Revenue Target 2008 (See Schedule A)	$	150,044,414
Amount Available For Annual Incentive	$	85,750

	Percent of Target		Bonus % Earned		Bonus Amount Earned
		115%	100	%	$	85,750	(Maximum)
		110%	80	%		68,600
		105%	60	%		51,450
		100%	40	%		34,300
		95%	20	%		17,150
		90%	0	%		—


EBITDA Target 2008 (See Schedule B)	$	31,960,867

Amount Available For Annual Incentive	$	85,750

	Percent of Target		Bonus % Earned		Bonus Amount Earned
		115%	100	%	$	85,750	(Maximum)
		110%	80	%		68,600
		105%	60	%		51,450
		100%	40	%		34,300
		95%	20	%		17,150
		90%	0	%		—

•

Achievement of restructuring both divisions so that they are more efficient and can perform better than in the previous year. Such restructuring includes reorganization of management staffing, acquisitions, conceiving and driving new products including trade shows, Web sites, blogs and online education.

•

Achievement of other management objectives based on the discretion of the Compensation Committee.

•

Elimination of the three significant accounting deficiencies by December 31, 2008


Amount Available For Annual Incentive	$	85,750

*	Annual Incentive is payable upon Compensation Committee approval after year end.

*	Annual Incentive excludes any acquisitions made in 2008

ACCEPTED AND AGREED UPON BY THE UNDERSIGNED:

Signature

Alan Meckler

Chairman and CEO