2015 Bonus Plan for Irv Alpert

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2015 bonus plan for Irv Alpert. It specifies that Irv is eligible for various bonuses, including a one-time bonus for meeting the full sales plan, a percentage of sales exceeding the plan, a percentage of new sales from his leads, a bonus for extending existing client contracts with executive approval, and a percentage of new sales generated in the first quarter of 2015. The plan sets clear conditions for earning each bonus.

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EX-10.11 2 exh_1011.htm EXHIBIT 10.11 exh_1011.htm
Exhibit 10.11
 
2015 BONUS PLAN
 
Irv Alpert
 

 
Compensation
 
Bonus Components:
 
·
A one-time bonus upon 100% achievement of sales plan.
·
Ten percent of bookings in excess of sales plan from existing channel clients
·
Five percent of every new sale from a lead generated by Irv.
·
A one-time bonus upon extension of an existing client under terms and conditions approved by either the CEO or CFO.
·
Ten percent of every new sales dollar generated during the first quarter of 2015.