2015 Senior Vice President, Sales, Territory and Quota Assignment Plan
This agreement outlines the 2015 compensation plan for the Senior Vice President of Sales at the company. The plan covers global sales and sets a variable compensation target equal to 110% of the base salary, paid in U.S. dollars on a quarterly basis. Compensation is based on achieving quarterly and semi-annual sales quotas, as well as specific performance objectives related to renewals, new customer bookings, and sales efficiency. The Compensation Committee and Board may change the plan at any time going forward.
Exhibit 10.22
| 2015 Senior Vice President, Sales, Territory and Quota Assignment Plan (the “Plan”) |
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| Effective: 1/1/2015 |
Plan Description:
| · | Territory: Global Sales |
| · | Personal variable compensation target is paid upon achievement of (i) quarterly bookings quotas, with accelerators for exceeding semi-annual quotas, and (ii) performance objectives based on renewals bookings, bookings from new Forbes Global 2000 customers and sales efficiency targets |
| · | Total variable compensation target constitutes 110% of base salary. |
| · | Applicable currency is USD. |
| · | Payments are made on a quarterly basis. |
| · | The Compensation Committee and the Board reserve the right to amend the Plan prospectively at any time. |
