Q2 2011 Management Metric Based Bonus Agreement for Rally Management
This agreement outlines the terms for the Q2 2011 Management Metric Based Bonus (MBB) for Rally management participants. The bonus is based on the company's performance against total product bookings, including both new and renewal bookings, with specific quota targets set. Payments are subject to a 90% new bookings threshold and are capped at 125% of the target amount. The anticipated payout is scheduled for one month after the end of the quarter.
Exhibit 10.14.2
[*] = 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: June 15, 2011
To: Management Metric Based Bonus (MBB) Participants
From: Jim Lejeal
Regarding: Q2-2011 MBB Algorithm
The Rally Management Metric Based Bonus for Q2 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 Q2 “assigned quota” (aka “Don’s number”) 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
