BASE SALARY The Base Salary will be paid on a semi-monthly basis. EPS BONUS Achieving the earnings per share (EPS) specified in the operating plan, including consideration of first and second half of year actual performance, approved by the Board of Directors shall fund the pool. The 2003 EPS target is $X.XX. The pool shall be funded in accordance with the following plan:
Any intermediate achievement between levels will earn at a proportional amount of bonus. REVENUE GROWTH BONUS Achieving the revenue growth specified in the operating plan, including consideration of first and second half of year actual performance, approved by the Board of Directors shall fund the pool. The 2003 Revenue Growth target is XX% over 2002 actual results. The pool shall be funded in accordance with the following plan:
Any intermediate achievement between levels will earn at a proportional amount of bonus. PAYMENTS Actual bonus payments will be determined by measurement of individual performance as determined by the CEO. The CEO shall be responsible for setting recommendations and presenting to the Compensation Committee for approval. ELIGIBILITY In order to be eligible to receive a bonus, the individual must be employed by Veritas at the time of payment. DISCRETION OF THE CEO AND BOARD OF DIRECTORS Notwithstanding the above, the Company's CEO and/or Compensation Committee of the Board of Directors, at his/its sole discretion, may, for reasonable cause, modify or change this Plan or its implementation at any time. - ------------------------- -------- -------------------------- -------- VERITAS Date Name Date
