Exhibit 10.19
2014 Senior Vice President, Sales, Territory and Quota Assignment Plan (the “Plan”)
Effective: 1/1/2014
Plan Description:
• | Territory: Global Sales |
• | Personal variable compensation target is paid upon achievement of quarterly bookings quota achievement with accelerators for exceeding the quarterly and annual quotas. |
• | Annual quota, commission base rate and variable compensation target are structured so that the variable compensation target constitutes 40% of on-target earnings. |
• | Applicable currency is USD. |
• | Payments are made on a quarterly basis. |
• | Accelerator rates may apply if certain quarterly or annual target quotas are achieved. |
• | The Compensation Committee reserves the right to amend the Plan prospectively at any time. |