Executive Officer Bonus Compensation Plan for Jeffrey Hawthorne, Richard Okumoto, Soon Man (Steve) Song, and Mark Merrill

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the annual bonus compensation plan for four executive officers: Jeffrey Hawthorne (CEO and President), Richard Okumoto (CFO and Secretary), Soon Man (Steve) Song (VP, Worldwide Sales), and Mark Merrill (VP, Marketing). Each officer is eligible for a bonus based on a percentage of their salary, with additional potential bonuses for Mr. Song and Mr. Merrill tied to specific performance criteria that will be determined later.

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EX-10.39 5 f03882exv10w39.txt EXHIBIT 10.39 . . . EXHIBIT 10.39 EXECUTIVE OFFICER BONUS COMPENSATION PLAN
ANNUAL TARGET OFFICER TITLE SALARY BONUS - ------- ----- ------ ------ Jeffrey Hawthorne Chief Executive Officer and President $325,000 60% Richard Okumoto Chief Financial Officer and Secretary $250,000 60% Soon Man (Steve) Song Vice President, Worldwide Sales $240,000 50%* Mark Merrill Vice President, Marketing $250,000 50%**
* In addition, Mr. Song is entitled to a bonus of up to $25,000 based on bookings levels that have yet to be determined. ** In addition, Mr. Merrill is entitled to a bonus of up to $10,000 based on objectives that have yet to be determined.