SSA Global Executive Bonus Compensation Plan for Fiscal Year Ending July 31, 2006
This agreement outlines the executive bonus plan for SSA Global for the fiscal year ending July 31, 2006. It specifies that bonuses are based on performance in revenue, proforma net income, cash flow, and management objectives. Bonuses are paid annually or quarterly, subject to approval by the Board Compensation Committee, and only employees still with the company at the time of payment are eligible. The plan is administered by the Board Compensation Committee and the CEO, whose decisions are final.
Exhibit 10.2
SSA GLOBAL
Executive Bonus Compensation Plan
For Fiscal Year Ending July 31, 2006
SSA Global
FY06 Executive Bonus Plan
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 | % |
| Proforma Net Income |
| 30 | % |
| Cash Flow |
| 20 | % |
| MBO |
| 20 | % |
Payment Date:
Annual Bonus will be calculated based on the year end figures generated by the Finance department and will be paid in October, 2006 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 who 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 2006 Bonus Plan.
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| Name: | Date: |
