2010 Short-Term Incentive Plan for Alon Goren

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2010 Short-Term Incentive Plan for Alon Goren, who serves as CTO & Chairman of Central Product Development. The plan, effective from January 1 to December 31, 2010, provides Alon Goren with the opportunity to earn up to 70% of his base salary as a bonus. The payout is primarily based on the company's operating income and achievement of operational objectives set by the CEO. The bonus is only paid if the operating income budget is met, with specific targets and payout timing detailed in the plan.

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EX-10.2 3 dex102.htm 2010 SHORT-TERM INCENTIVE PLAN OF ALON GOREN 2010 Short-Term Incentive Plan of Alon Goren

Exhibit 10.2

Short-Term Incentive Plan of Alon Goren

2010 STI Goals

 

Name: Alon Goren    Job Title: CTO & Chairman
Effective Dates of Plan: 1/1/10 – 12/31/10    Business Unit: Central Product Development
STI Potential: 70% of Base Salary    Manager: John Heyman

Goals:

 

Goal Description

   

Weight

  

Payout
Timing

     

Budget

(show qtrly if applicable)

     

Target

(show qtrly if applicable)

    Comments

Company Operating Income –

67% paid at Budget

    67%   Annual     

Q1 = N/A

Q2 = N/A

Q3 = N/A

Q4 = N/A

Annual = [xxxxxx]*

     

Q1 = N/A

Q2 = N/A

Q3 = N/A

Q4 = N/A

Annual = [xxxxxx]*

   

Operational objectives as

determined by the CEO. This

portion of bonus is only paid out if the Operating Income budget is achieved.

    33%   Annual             

 

* Filed under an application for confidential treatment.