Recommendation
Exhibit 10.3
2013 EVP Global Sales Compensation
| Plan Elements |
| Recommendation |
| Base Salary |
| $300,000 |
| Incentive Target $ |
| $300,000 |
| Total Target Annual Comp |
| The EXECSIP is based on performance against two financial metrics in 2013. The metrics are annual Revenue and Global EBITDA (the EBITDA target is the same as is set for other Executives in the SGA MIP) |
| 2013 Targets |
| Revenue $[***] (50% weighting) EBITDA $[***] (50% weighting) |
| Incentive Payments |
| Incentive payments will be made on an annual basis; performance is tied to year end results |
2013 Potential Payment Outcomes — EVP Global Sales
|
|
| Actual Revenue |
| ||||||||||||||||||||||
| Achieved EBITDA |
| Target - |
| Target — |
| Target - |
| Target - |
| Target |
| Target + |
| Target + |
| Target + |
| ||||||||
| Target - $28.7MM |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
| Target - $23.0MM |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
| Target - $17.2MM |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
| Target - $11.6MM |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 150,000 |
| $ | 276,000 |
| $ | 368,000 |
| $ | 460,000 |
| $ | 552,000 |
|
| Target |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 174,000 |
| $ | 300,000 |
| $ | 392,000 |
| $ | 484,000 |
| $ | 576,000 |
|
| Target + $5.3MM |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 185,137 |
| $ | 311,137 |
| $ | 403,137 |
| $ | 495,137 |
| $ | 587,137 |
|
| Target + $11.5MM |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 198,022 |
| $ | 324,022 |
| $ | 416,022 |
| $ | 508,022 |
| $ | 600,000 |
|
Over target revenue of $[***] for each $1M of additional revenue: bonus will increase by [***]% of revenue increase to a maximum of a $600,000 total bonus.
