Q3 2011 Management Metric Based Bonus (MBB) Agreement for Rally Management
This agreement outlines the bonus plan for Rally management participants for the third quarter of 2011. The bonus is based on the company's performance in achieving specific sales goals for new and renewal product bookings, with a total target of $9,475,000. Bonuses are paid if at least 90% of the new bookings goal is met, and total payouts are capped at 125% of the target. Payments are scheduled to be made one month after the quarter ends.
Exhibit 10.14.3
To: Management Metric Based Bonus (MBB) Participants
From: Jim Lejeal
Regarding: Q3-2011 MBB Algorithm
The Rally Management Metric Based Bonus for Q3 2011 will be attached to company performance against total product bookings.
The intent is to align the company management with the sales team’s bookings objectives.
Goal: Achieve the Company’s Q3 “assigned quota” Total Product Bookings Sales Goal:
Company Quota Amount Budget:
| New Product Bookings |
| $ | 4,400,000 |
|
| Renewal Product Bookings |
| $ | 5,075,000 |
|
| Total Product Bookings |
| $ | 9,475,000 |
|
Payment Structure:
We will continue to have a 90% new bookings threshold as well as a total payment cap of 125%:
Anticipated Payout Date:
1 month after close of quarter
