2009 Short-Term Incentive Plan for Alon Goren

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2009 Short-Term Incentive Plan for Alon Goren, CTO & Chairman of Central Product Development. The plan, effective from January 1 to December 31, 2009, provides for a potential bonus of 70% of Goren's base salary, based primarily on the company's operating income and operational objectives set by the CEO. The bonus is paid annually and is contingent on meeting the operating income budget. John Heyman is listed as the manager overseeing the plan.

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EX-10.2 3 dex102.htm 2009 SHORT-TERM INCENTIVE PLAN OF ALON GOREN 2009 Short-Term Incentive Plan of Alon Goren

Exhibit 10.2

2009 Short-Term Incentive Plan of Alon Goren

2009 STI Goals

 

Name: Alon Goren    Job Title: CTO & Chairman
Effective Dates of Plan: 1/1/09 – 12/31/09    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 = N/A

   

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.