Exhibit 10.6
REVISED 2012 BONUS COMPENSATION PLAN FOR SENIOR MANAGEMENT
RATIFIED BY THE BOARD MAY 3, 2012
| • | | Eligible Executives (6):CEO, CMO, CFO, SVP-GMs (2) and SVP-Business Development. |
| • | | Bonus pool is funded by achievement of payout targets and maximum achievement, with pro-rata payment for achievement with a floor of 95% of revenue targets and 80% of operating profit targets as noted in tables below. |
| • | | Bonus target payouts based on a percentage of base salary. |
| • | | Bonus are weighted 30% for the first half of the year and paid at close of audited review following Q2 and are weighted 70% for the second half of the year and paid at the close of audited financials following Q4. |
| • | | Payout to eligible executives will be based 60% on consolidated revenue and 40% on non-GAAP income from operations for all but SVPs where it will be based 60% on net revenue for the relevant CafePress business lines and 40% on non-GAAP income from operations for that same business line. The SVP-Business Development had additional MBOs applied to his targets. |
The Objective Targets against which bonus compensation award will be determined by the Compensation Committee of the Board of Directors.
| | | | |
| CEO: | | 60% target, 90% max | | |
| CFO: | | 50% target, 75% max | | |
| CMO: | | 40% target, 60% max | | |
| SVP-GM: | | 25% target, 35% max | | |
| SVP-Business Development: | | 25% target, 35% max | | |
