2009 Variable Compensation Plan for Irv Alpert, Executive Vice President, Business Development
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Summary
This agreement outlines the 2009 compensation plan for Irv Alpert, Executive Vice President of Business Development at Onvia. It details how commissions are paid quarterly based on new and retained client bookings, with rates increasing as booking targets are exceeded. If annual bookings surpass 120% of the plan, a maximum retroactive commission applies. The plan also includes a monthly draw adjusted quarterly and potential additional support if certain targets are met. Achievement of three key measures and 100% of annual bookings is required for the annual management incentive.
EX-10.11 3 alpert09comp.htm 2009 EXEC COMP PLAN - IRV ALPERT alpert09comp.htm
Exhibit 10.11
Irv Alpert
Executive Vice President, Business Development
2009 Variable Compensation Plan
Objective: Bookings
| 2009 Corporate Accounts Board Bookings Plan | |
| Commission on Bookings | |
| Commission, Paid Quarterly, on New Bookings plus Quarterly Cash Payments from Retained Clients (“Bookings”) | Quarterly commission with annual over-achievement Quarterly Bookings Achievement as % of Plan % Commission 0-79% 0% 80-99% 10% 100-109% 15% 110% and above 20% Commission rate applies retroactively to bookings in excess of 79% of Target Bookings Over-Achievement If annual bookings exceed 120% of Plan, 10% maximum retroactive commission will apply. |
| Draw | Onvia will provide you with a monthly draw commensurate with your target bookings and adjusted quarterly based on your ongoing progress toward the target bookings |
| Additional Support | If you are tracking to 112% in Q1 bookings, Onvia will consider the addition of a full-time AE to work for you, whose bookings will count toward your target bookings. |
| Annual Management Incentive Plan Achievement | Achieve Three Key Measures for 2009, plus 100% of Annual Bookings |
