2014 Senior Vice President, Sales, Territory and Quota Assignment Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2014 compensation plan for the Senior Vice President of Sales, covering global sales territory. The plan sets a variable compensation target, paid quarterly based on achieving sales quotas, with additional incentives for exceeding targets. The variable compensation is 40% of total on-target earnings, paid in U.S. dollars. The Compensation Committee may change the plan at any time. The plan is effective from January 1, 2014.

Read More Arrow
EX-10.19 7 d685840dex1019.htm EX-10.19 Prepared by R.R. Donnelley Financial -- EX-10.19

Exhibit 10.19

2014 Senior Vice President, Sales, Territory and Quota Assignment Plan (the “Plan”)

Effective: 1/1/2014

Plan Description:

 

  •   Territory: Global Sales

 

  •   Personal variable compensation target is paid upon achievement of quarterly bookings quota achievement with accelerators for exceeding the quarterly and annual quotas.

 

  •   Annual quota, commission base rate and variable compensation target are structured so that the variable compensation target constitutes 40% of on-target earnings.

 

  •   Applicable currency is USD.

 

  •   Payments are made on a quarterly basis.

 

  •   Accelerator rates may apply if certain quarterly or annual target quotas are achieved.

 

  •   The Compensation Committee reserves the right to amend the Plan prospectively at any time.