Zix Corporation 2007 Management Variable Compensation Plan Description

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

Zix Corporation's 2007 Management Variable Compensation Plan outlines a bonus program for nine eligible employees, with a total pool of $554,000. The plan rewards participants based on the company's performance in specific business areas by December 31, 2007, including secure messaging orders, core product revenue growth, new healthcare payors, new sponsored physicians, active physician prescribers, script volume, and year-end cash balance. Payments depend on meeting these performance metrics within the specified timeframe.

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EX-10.7 8 d47461exv10w7.htm DESCRIPTION OF 2007 MANAGEMENT VARIABLE COMPENSATION PLAN exv10w7  

Exhibit 10.7
DESCRIPTION OF
ZIX CORPORATION 2007 MANAGEMENT VARIABLE COMPENSATION PLAN
     The Company’s 2007 Management Variable Compensation Plan (the “Plan”) provides for variable compensation to be paid to certain Company employees, based upon the achievement by December 31, 2007 relative to the metrics listed below. A total of $554,000 is available for payment under the Plan. A total of nine employees are eligible to participate in the Plan, as of May 3, 2007.
Achievement of Plan based on performance in these full-year business areas:
Secure Messaging — New First Year Orders
Core Product Revenue Growth
Number of New Healthcare Payors for the Company’s e-prescribing Service
New Physicians Sponsored by Healthcare Payors
Cumulative Active Physician Precribers
Script Volume Per Quarter (by Q4)
Non-restricted Cash Balance as of December 31, 2007