2011 Short-Term Incentive Plan for Alon Goren

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2011 Short-Term Incentive Plan for Alon Goren, CTO & Chairman of Central Product Development. The plan, effective from January 1 to December 31, 2011, provides for a potential bonus of 50% of Goren's base salary. The primary goal is based on achieving the company's adjusted operating income target, with 67% of the bonus paid only if this budget is met. The plan is managed by John Heyman and is subject to operational objectives set by the CEO.

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EX-10.2 3 dex102.htm 2011 SHORT-TERM INCENTIVE PLAN OF ALON GOREN 2011 Short-Term Incentive Plan of Alon Goren

Exhibit 10.2

Short-Term Incentive Plan of Alon Goren

2011 STI Goals

 

Name: Alon Goren    Job Title: CTO & Chairman
Effective Dates of Plan: 1/1/11 – 12/31/11    Business Unit: Central Product Development
STI Potential: 50% of Base Salary    Manager: John Heyman

Goals:

 

Goal Description

   Weight     Payout
Timing		     

Budget

(show qtrly if
applicable)

   

Target

(show qtrly if
applicable)

    Comments

Company Adjusted Operating Income –

67% paid at Budget

     67 %      Annual       Q1 = N/A    Q1 = N/A   
       Q2 = N/A    Q2 = N/A   
       Q3 = N/A    Q3 = N/A   
       Q4 = N/A    Q4 = N/A   
       Annual = [xxxxxx]*    Annual = [xxxxxx]*   
Operational objectives as determined by the CEO. This portion of bonus is only paid out if the Adjusted Operating Income budget is achieved.     33 %      Annual            

 

 

* Filed under an application for confidential treatment.