Q1 2011 Management Metric Based Bonus (MBB) Agreement for Rally Management
This agreement outlines the bonus structure for Rally management participants for the first quarter of 2011. The bonus is based on the company's performance in achieving its assigned quota for total product bookings, including both new and renewal bookings. Participants are eligible for a bonus if at least 90% of the new bookings target is met, with a maximum payout cap of 125%. The anticipated payout will occur one month after the quarter ends.
Exhibit 10.14.1
[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF THE SECURITIES ACT OF 1933, AS AMENDED.
Date: March 14, 2011
To: Management Metric Based Bonus (MBB) Participants
From: Jim Lejeal
Regarding: Q1-2011 MBB Algorithm
The Rally Management Metric Based Bonus for Q1 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 Q1 “assigned quota” Total Product Bookings Sales Goal:
Company Quota Amount Budget:
| New Product Bookings |
| $ | [*] |
|
| Renewal Product Bookings |
| $ | [*] |
|
| Total Product Bookings |
| $ | [*] |
|
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
