SSA GLOBAL Executive Bonus Compensation Plan For Fiscal Year Ending July 31, 2005
Exhibit 10.7
SSA GLOBAL
Executive Bonus Compensation Plan
For Fiscal Year Ending July 31, 2005
SSA Global
FY05 Executive Bonus Plan
August, 2004
Objective:
Your plan has been approved by the Board Compensation Committee and is intended to measure superior performance with respect to financial targets and specific management objectives.
Criteria:
The criteria are defined on your calculation matrix for the following measures:
| Revenue |
| 30% |
| EBITDA |
| 40% |
| Cash Flow |
| 20% |
| MBO |
| 10% |
Payment Date:
Annual Bonus will be calculated based on the year end figures generated by the Finance department and will be paid in September, 2005 subject to the Board Compensation Committee’s approval.
Quarterly Bonus will be calculated on quarterly financial statements generated by the Finance department and will be paid within 60 days after the quarter end subject to the Board Compensation Committee’s approval.
Eligibility:
You must be an employee of the company at the time of payment date to qualify for the annual bonus. No pro-rata earnings of the annual bonus shall apply if you leave the company for whatever reason prior to year-end or the payout date.
Administration:
The plan is administered solely by the Board Compensation Committee and the CEO, and their interpretations will be final.
Signature:
I have read and received a copy of the Fiscal Year 2005 Bonus Plan.
Name: Date:
