Dollars in thousands, except share and per share data
Exhibit 10.7
SYBASE
2004 SALES COMPENSATION PLAN SUMMARY
This Plan Summary Supersedes All Prior Plan Summaries
Thomas Volk
Executive Vice President NA
Executive/WorldWide Field Organization
INCENTIVE COMPENSATION DETAIL IN ( US Dollar )
Paid ( Quarterly )
| Role: | Manager | |||||||||||
Base Salary | 375,000 | 56 | % | |||||||||
| Quota Type: | Overlay | |||||||||||
Target Incentive Compensation | 300,000 | 44 | % | |||||||||
| Quarterly Distribution: | Ramping | |||||||||||
Total Target Earnings(TTE) | 675,000 |
PLAN COMPONENTS IN ( US Dollar )
| First | Second | Third | Fourth | Annual | Annualized | Pay | ||||||||||||||||||||||||||||||
| Component | % | Incentive | Quarter | Quarter | Quarter | Quarter | Quota | Quota | Calculation | |||||||||||||||||||||||||||
Contribution | 30 | 90,000 | 96,249,000 | 100,873,000 | 103,278,000 | 110,630,000 | 411,030,000 | 411,030,000 | ELT Table | |||||||||||||||||||||||||||
Product Revenue | 30 | 90,000 | 58,849,650 | 61,079,600 | 62,871,330 | 68,615,940 | 251,416,520 | 251,416,520 | ELT Table | |||||||||||||||||||||||||||
License Timeliness NA | 20 | 60,000 | 49,576,000 | 51,469,000 | 52,974,000 | 57,821,000 | 211,840,000 | 211,840,000 | Binary Make/Miss, Pay Quarterly | |||||||||||||||||||||||||||
Pro Services Revenue | 20 | 60,000 | 28,725,000 | 30,598,000 | 30,555,000 | 33,535,000 | 123,413,000 | 123,413,000 | ELT Table | |||||||||||||||||||||||||||
Accel Gate: | 100% annual achievement & average 100% for Revenue & Margin (> 80%) | |
Remarks: | Margin excludes transfer price and marketing program allocation and includes 1/1 focal |
Information regarding the Timeliness Challenge can be found in Appendix C of the 2004 Terms and Conditions
The Plan Participant named above is eligible to participate in the 2004 Revenue Based Incentive Compensation Plan. The Plan is not intended and shall not be construed to imply a contract of employment between the Plan Participant and Sybase. All interpretations of the Plan by the Geographic Vice President and General Manager are final, binding and not subject to appeal. Sybase reserves the right to modify or terminate the Plan at any time, for any reason, or without notice. No Plan Participant has the right to receive payment from the Plan until all conditions and terms of the Plan have been met by the Plan Participant and the Plan Participant has signed and returned this Plan Acknowledgment Form to the Sales Compensation Department.
I, the undersigned Plan Participant, have received, read and fully understand the contents of the Sybase 2004 Revenue Based Incentive Compensation Plan (Individual Plan Summary and Plan Terms and Conditions) and agree to the Plan, its Terms and Conditions. Please sign below.
Thomas Volk (29155) | Date | Manager Approval | Date | |||
General Manager Signature | Date | |||||
Sybase Proprietary and Confidential | Plan Effective Date: 01/01/2004 | |
All Incentive compensation is subject to pro-ration based on plan effective date. | Comp Plan Print Date: 03/25/2004 |
