2014 Sales Incentive Plan for Irv Alpert

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2014 Sales Incentive Plan for Irv Alpert, providing five bonus opportunities. Bonuses are awarded for retaining current content licensing partnerships and for generating new sales in 2014. The plan specifies different bonus percentages based on the level of sales achieved, including higher percentages for exceeding targets and a one-time bonus for meeting the full sales plan. The agreement sets clear conditions for earning each bonus based on sales performance.

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EX-10.12 3 exh_1012.htm EXHIBIT 10.12 exh_1012.htm
Exhibit 10.12
 
2014 SALES INCENTIVE PLAN

Irv Alpert


Compensation

Five bonus opportunities:

 
1.
Retention of current content licensing partnerships.
 
 
2.
The following four bonus opportunities are from new sales generated in 2014.
 
 
·
Five percent of every new sales dollar generated up to 50% of sales plan achievement.
 
·
Ten percent of every new sales dollar generated between 50% and 100% of sales plan achievement.
 
·
A one-time bonus upon 100% achievement of sales plan.
 
·
Fifteen percent of every new sales dollar in excess of sales plan achievement.