Exhibit 10.25
2008 Incentive Compensation Program
Amir Bassan-Eskenazi, President and Chief Executive Officer
| | | |
Base Salary (annual): | | $ | 325,000 |
Bonus Potential at 100% funding | | | |
First Half: | | | 97,500 |
Second Half: | | | 97,500 |
Annual: | | | 130,000 |
| | | |
Total: | | $ | 325,000 |
| | | | | | | | | |
2008 Officer Bonus Goal | | First Half % Actual Achievement | | | Second Half % Actual Achievement | | | Annual Actual Achievement | |
1) Achieve revenues goal | | 40 | % | | 31.6 | % | | | |
2) Achieve earnings goal | | 25 | % | | 46.6 | % | | | |
3) Achieve bookings goal | | NA | | | 13.7 | % | | | |
4) Achieve product release schedule goal | | 5 | % | | 5.2 | % | | | |
5) Achieve specified product plan goal | | 5 | % | | 5 | % | | | |
6) Achieve specified new product sales goal | | 5 | % | | 5 | % | | | |
7) Achieve specified customer satisfaction goal | | 11 | % | | 10 | % | | | |
8) Achieve employee satisfaction and retention goal | | 0 | % | | 10.4 | % | | | |
| | | | | | | | | |
Total | | 91 | % | | 100 | %* | | 95.5 | % |
* | Total achievement is capped at 100%. |
2008 Incentive Compensation Program
Maurice Castonguay, Senior Vice President and Chief Financial Officer
| | | |
Base Salary (annual): | | $ | 280,000 |
Bonus Potential at 100% funding | | | |
First Half: | | | 21,000 |
Second Half: | | | 42,000 |
Annual: | | | 56,000 |
| | | |
Total: | | $ | 119,000 |
| | | | | | | | | |
2008 Officer Bonus Goal | | First Half % Actual Achievement | | | Second Half % Actual Achievement | | | Annual Actual Achievement | |
1) Achieve earnings goal | | 22 | % | | 23.2 | % | | | |
2) Achieve departmental budgeting goal | | NA | | | 5 | % | | | |
3) Achieve cash and investments goal | | 3.5 | % | | 7 | % | | | |
4) Achieve expense hedging goal | | 7 | % | | 7 | % | | | |
5) Achieve investor relations, financial analyst relations, and operating results goals | | 21 | % | | 13.8 | % | | | |
6) Achieve financial controls goal | | 25 | % | | 20 | % | | | |
7) Achieve corporate governance goal | | 5 | % | | 5 | % | | | |
8) Achieve internal communication goal | | 4 | % | | 10 | % | | | |
9) Achieve employee satisfaction and retention goal | | 0 | % | | 19.5 | % | | | |
| | | | | | | | | |
Total | | 87.5 | % | | 100 | %* | | 93.8 | % |
* | Total achievement is capped at 100%. |
2008 Incentive Compensation Program
David Heard, Chief Operating Officer
| | | |
Base Salary (annual): | | $ | 325,000 |
Bonus Potential at 100% funding | | | |
First Half: | | | 68,250 |
Second Half: | | | 68,250 |
Annual: | | | 91,000 |
| | | |
Total: | | $ | 227,500 |
| | | | | | | | | |
2008 Officer Bonus Goal | | First Half % Actual Achievement | | | Second Half % Actual Achievement | | | Annual Actual Achievement | |
1) Achieve specified bookings goal | | 6 | % | | 9 | % | | | |
2) Achieve specified margins goal | | 7 | % | | 5.5 | % | | | |
3) Achieve specified revenues goal | | NA | | | 5.3 | % | | | |
4) Achieve specified earnings goal | | NA | | | 11.6 | % | | | |
5) Achieve cost reduction and operating cost of goods goal | | 7 | % | | NA | | | | |
6) Achieve product footprint goal | | 4 | % | | 0 | % | | | |
7) Achieve SDV market share goal | | 7 | % | | 4.9 | % | | | |
8) Achieve product delivery goals | | 6 | % | | 8.6 | % | | | |
9) Achieve product support goal | | 5 | % | | 6.9 | % | | | |
10) Achieve development process goal | | 5 | % | | 5.3 | % | | | |
11) Maintain low product returns | | 5 | % | | 4 | % | | | |
12) Maintain TL9000 certification | | 4 | % | | 3.6 | % | | | |
13) Achieve product release schedule goal | | 5 | % | | 5 | % | | | |
14) Achieve specified product plan goal | | 4 | % | | 5 | % | | | |
15) Achieve new product sales goal | | 10 | % | | 5 | % | | | |
16) Achieve customer satisfaction goal | | 11 | % | | 5 | % | | | |
17) Achieve customer response time goal | | 5 | % | | 4.9 | % | | | |
18) Achieve business operations goal | | NA | | | 3 | % | | | |
19) Achieve employee satisfaction and retention goal | | 0 | % | | 10.3 | % | | | |
| | | | | | | | | |
Total | | 91 | % | | 100 | %* | | 95.5 | % |
* | Total achievement is capped at 100%. |
2008 Incentive Compensation Program
Ran Oz, Executive Vice President and Chief Technology Officer
| | | |
Base Salary (annual): | | $ | 225,000 |
Bonus Potential at 100% funding | | | |
First Half: | | | 33,750 |
Second Half: | | | 33,750 |
Annual: | | | 45,000 |
| | | |
Total: | | $ | 112,500 |
| | | | | | | | | |
2008 Officer Bonus Goal | | First Half % Actual Achievement | | | Second Half % Actual Achievement | | | Annual Actual Achievement | |
1) Achieve specified product demonstration and trials goals | | 18 | % | | 23 | % | | | |
2) Achieve specified SDV development goal | | 18 | % | | 22 | % | | | |
3) Achieve specified product demonstration and development goal | | 13 | % | | 12 | % | | | |
4) Achieve QAM development strategy goal | | 11 | % | | 6 | % | | | |
5) Achieve specified on-demand product strategy goal | | 8 | % | | 4.75 | % | | | |
6) Achieve customer relations and positioning goal | | 5 | % | | 12 | % | | | |
7) Achieve specified innovation-related sales goal | | NA | | | 9 | % | | | |
8) Achieve employee satisfaction and retention goal | | 0 | % | | 7.75 | % | | | |
| | | | | | | | | |
Total | | 73 | % | | 96.5 | % | | 84.8 | % |