2005 Annual Incentive Program Goals and Awards for Named Executive Officers

Summary

This document outlines the 2005 Annual Incentive Program for the named executive officers of the company, specifying their base salaries, potential bonus percentages, and the performance goals required to earn those bonuses. Each executive has a set of weighted goals tied to company performance, such as sales growth, product development, cost control, and revenue targets. Bonuses are awarded based on the achievement of these goals within the 2005 calendar year.

EX-10.2 3 rrd88538_7265.htm DESCRIPTION OF 2005 ANNUAL INCENTIVE PROGRAM GOALS AND AWARDS FOR THE NAMED EXECUTIVE OFFICERS. Exhibit 1

Exhibit 10.2

2005 Annual Incentive Program Goals and Awards for the Named Executive Officers

Alexander Davern, Chief Financial Officer, Senior Vice President Manufacturing & IT Operations; Treasurer

1/1/05 Base Salary:
Bonus % Potential:
Bonus Dollars:

$250,000
30%
$75,000

 

2005 Officer Bonus Goal

% Goal Weighting

Goal
$ Value

1) Develop and present to the Board a coordinated plan for obtaining annual sales growth

10%

$ 7,500

2) Manufacturing to meet delivery and quality goals

20%

$ 15,000

3) Achieve gross margin goal

20%

$ 15,000

4) Ensure 2005 spending within budget

20%

$ 15,000

5) Achieve internal controls goals

15%

$ 11,250

6) Drive down IT & Finance worldwide costs per employee

15%

$ 11,250

Total

100%

$ 75,000

Timothy Dehne, Senior Vice President, Research & Development

1/1/05 Base Salary:
Bonus % Potential:
Bonus Dollars:

$235,000
30%
$70,500

 

2005 Officer Bonus Goal

% Goal Weighting

Goal
$ Value

1) Develop and present to the Board a coordinated plan for obtaining annual sales growth

10%

$ 7,050

2) Achieve scheduled product development release goals and increase new product output

30%

$ 21,150

3) Achieve strategic initiative goals

25%

$ 17,625

4) Achieve product revenue goals

25%

$ 17,625

5) Achieve gross margin and EROI goals

10%

$ 7,050

Total

100%

$ 70,500

 

 

Peter Zogas, Senior Vice President Sales & Marketing

1/1/05 Base Salary:
Bonus % Potential:
Bonus Dollars:

$240,000
30%
$72,000

 

2005 Officer Bonus Goal

% Goal
Weighting

Goal $
Value

1) Develop and present to the Board a coordinated plan for obtaining annual sales growth

10%

$ 7,200

2) Achieve new product revenue goals

25%

$ 18,000

3) Achieve applications goals

25%

$ 18,000

4) Meet quota for major accounts

20%

$ 14,400

5) Achieve keynote delivery goals

20%

$ 14,400

Total

100%

$ 72,000

 

John Graff, Vice President, Marketing, Customer Operations and Investor Relations

1/1/05 Base Salary:
Bonus % Potential:
Bonus Dollars:

$205,000
20%
$41,000

 

2005 Officer Bonus Goal

% Goal
Weighting

Goal $
Value

1) Achieve product revenue goals

25%

$ 10,250

2) Achieve interactions goals

20%

$ 8,200

3) Achieve web revenue goals

20%

$ 8,200

4) Achieve keynote system goals

20%

$ 8,200

5) Drive down worldwide marketing costs

15%

$ 6,150

Total

100%

$ 41,000