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2015 Senior Vice President, Sales, Territory and Quota Assignment Plan (the “Plan”) |
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| Effective: 1/1/2015 |
Plan Description:
· | Territory: Global Sales |
· | Personal variable compensation target is paid upon achievement of (i) quarterly bookings quotas, with accelerators for exceeding semi-annual quotas, and (ii) performance objectives based on renewals bookings, bookings from new Forbes Global 2000 customers and sales efficiency targets |
· | Total variable compensation target constitutes 110% of base salary. |
· | Applicable currency is USD. |
· | Payments are made on a quarterly basis. |
· | The Compensation Committee and the Board reserve the right to amend the Plan prospectively at any time. |