EXHIBIT 10.2
2006 Annual Incentive Program Goals and Awards for the Named Executive Officers
Alexander Davern, Chief Financial Officer, Senior Vice President Manufacturing & IT Operations; Treasurer
1/1/06 Base Salary: Bonus % Potential: Bonus Dollars: | $275,000 30% $82,500 | ||||
---|---|---|---|---|---|
2006 Officer Bonus Goal | % Goal Weighting | Goal $ Value | |||
1) Manufacturing to meet delivery and quality goals | 20 | % | $16,500 | ||
2) Achieve gross margin goal | 20 | % | $16,500 | ||
3) Ensure 2006 spending within budget | 20 | % | $16,500 | ||
4) Achieve internal controls goals | 15 | % | $12,375 | ||
5) Manage General & Administrative employee costs | 15 | % | $12,375 | ||
6) Enhance Communications with investment Community | 10 | % | $ 8,250 | ||
Total | 100 | % | $82,500 |
Timothy Dehne, Senior Vice President, Research & Development
1/1/06 Base Salary: Bonus % Potential: Bonus Dollars: | $262,000 30% $78,600 | ||||
---|---|---|---|---|---|
2006 Officer Bonus Goal | % Goal Weighting | Goal $ Value | |||
1) Achieve scheduled product development release goals | 30 | % | $23,580 | ||
2) Achieve strategic initiative goals | 25 | % | $19,650 | ||
3) Achieve new product success goals | 25 | % | $19,650 | ||
4) Achieve gross margin goal | 20 | % | $15,720 | ||
Total | 100 | % | $78,600 |
Peter Zogas, Senior Vice President Sales & Marketing
1/1/06 Base Salary: Bonus % Potential: Bonus Dollars: | $260,000 30% $78,000 | ||||
---|---|---|---|---|---|
2006 Officer Bonus Goal | % Goal Weighting | Goal $ Value | |||
1) Achieve new product revenue goals | 25 | % | $19,500 | ||
2) Achieve major account initiatives | 40 | % | $31,200 | ||
3) Implement pricing objectives | 10 | % | $ 7,800 | ||
4) Meet revenue targets | 10 | % | $ 7,800 | ||
5) Achieve keynote delivery goals | 15 | % | $11,700 | ||
Total | 100 | % | $78,000 |
John Graff, Vice President, Marketing, Customer Operations and Investor Relations
1/1/06 Base Salary: Bonus % Potential: Bonus Dollars: | $225,000 20% $45,000 | ||||
---|---|---|---|---|---|
2006 Officer Bonus Goal | % Goal Weighting | Goal $ Value | |||
1) Achieve new product revenue goals | 20 | % | $ 9,000 | ||
2) Achieve expense management goals | 25 | % | $11,250 | ||
3) Achieve web revenue goals | 20 | % | $ 9,000 | ||
4) Achieve lead growth goals | 10 | % | $ 4,500 | ||
5) Achieve business development goals | 15 | % | $ 6,750 | ||
6) Implement pricing objectives | 10 | % | $ 4,500 | ||
Total | 100 | % | $45,000 |