2009 Sales Incentive Plan for Mike Tannourji, Senior Vice President Sales
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Summary
This agreement outlines the 2009 Sales Incentive Plan for Mike Tannourji, Senior Vice President of Sales. It sets out quarterly and annual bonuses based on achieving specific sales and client retention targets, including a $20,000 quarterly bonus for meeting bookings goals, a $5,000 quarterly retention bonus for retaining high-value clients, and commissions for exceeding annual sales plans. The plan also includes a $25,000 annual management incentive for meeting key measures, with a total potential compensation of $125,000 per year. All targets are based on subscription sales.
EX-10.12 4 tannourji09comp.htm 2009 EXEC COMP PLAN - MIKE TANNOURJI tannourji09comp.htm
Exhibit 10.12
2009 Sales Incentive Plan
Mike Tannourji
Senior Vice President Sales
Objective: Bookings growth
Board Plan Over-Achievement
| QUARTERLY INCENTIVE BONUS | · Achieve 100% Quarterly Board Plan Bookings - OR - 100% of Board Plan YTD at end of Quarter | $20,000/quarter |
| QUARTERLY RETENTION BONUS | · Achieve Quarterly Retention of High Value Clients -- 75% | $5,000/quarter ($20,000/year) |
| ANNUAL OVER ACHIEVEMENT | · Achieve Annual Board Plan but Less than Sales Plan 2% commission · Achieve or Exceed Sales Plan 5% commission | Commission applies to all bookings in excess of Annual Board Plan |
| ANNUAL MANAGEMENT INCENTIVE PLAN ACHIEVEMENT | Achieve Key Measures for 2009 per MIP | $25,000 |
| TOTAL OPPORTUNITY | Achieve all quarterly and annual targets | $125,000/year |
** Sales and Board Plan Bookings based on subscription sales
