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EXHIBIT 10.15
[EGREETINGS LOGO]
1999 EGREETINGS NETWORK INCENTIVE BONUS PLAN
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PURPOSE To attract, reward, and retain outstanding employees
who contribute to the success of the company.
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ELIGIBILITY All full-time, regular status employees who are hired
by September 30, 1999 are eligible.
Sales employees who are on base plus commission plans,
temporary/part-time employees, and contractors are not
eligible to participate in this plan.
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GUIDELINES Employee: 5% of base salary
Senior Technical: 10% of base salary
Manager: 10% of base salary
Director: 15% of base salary
VP/Sr. Director: 20% of base salary
SVP: 25% of base salary
EVP: 35% of base salary
CEO: 50% of base salary
Bonus based on actual salary paid in 1999 (excluding
any sign-on/relocation bonuses)
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GOALS/OBJECTIVES 50% of Estaff Bonus is based upon company-wide goals
of: A) $3.5M in Revenue, B) 10.5M Cumulative
Registered Customers, C) 6.0M Monthly Egreetings Sent,
and D) 2.8M Unique Monthly Visitors (Media Metrix
numbers). The remaining 50% of Estaff bonus would be
discretionary and based on individual goals.
Similarly, Staff bonus would be 50% on company-wide
goals. The remaining 50% would be discretionary and
based on the employee's performance evaluation.
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BONUS POOL CALCULATION All of company financial goals must be met to fund the
bonus pool at 100%.
Achievement of financial and operational goals between
80% to 110% will result in a sliding scale formula, as
approved by the Board of Directors.
No bonus pool if the company achieves less than 80% of
financial and operational goals.
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PAYOUT Any employee who has a hire date after September 30,
1999 will not receive a bonus payout.
Payment of bonus will be made after the close of the
fiscal year but no later than February 15, 2000. Bonus
withholdings will be calculated at 20% and not subject
to other deductions such as 401(k) contributions. Must
be employed with the company as of payout date.
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