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<PAGE>
Exhibit 10.27
Confidential Materials omitted and filed separately with the
Securities and Exchange Commission. Asterisks denote omissions.
Akamai Technologies, Inc.
Form of 2006 Executive Bonus Plan
NAME:
PERFORMANCE PERIOD: FY 2006
TITLE:
This 2006 Executive Bonus Plan sets forth your annual compensation
for 2006
based on the achievement of certain corporate and individual
performance
objectives. In order to receive your annual incentive bonus, you
must be an
employee and a member of the Office of the CEO throughout all of
2006 and the
corporate and individual objectives must be met, as described more
thoroughly
below. The Compensation Committee will resolve all questions
arising in the
administration, interpretation and application of this plan, and
the
Compensation Committee's determination will be final and binding on
all
concerned. Where permitted by applicable law, the Compensation
Committee
reserves the right to modify, at its discretion and at any time,
the terms of
this plan, including, but not limited to, the performance
objectives, targets,
and payouts.
ANNUAL COMPENSATION LEVELS AT TARGET PERFORMANCE
<TABLE>
<CAPTION>
<S>
<C>
Base salary:
$
Annual incentive bonus at target :
$
-----------
Total Cash Compensation at
$
</TABLE>
PERFORMANCE OBJECTIVES/TARGETS
The following are the corporate and individual performance
objectives for your
2006 Incentive:
<TABLE>
<CAPTION>
CRITERIA
WEIGHT
MINIMUM
TARGET
MAXIMUM
--------------------------- ------ --------------- ------------ ------------
<S>
<C> <C>
<C>
<C>
Corporate Financial
Performance (FY 2006)
80%
93%
100%
106%
Bonus Payout Amount
Individual FY 2005 Goals(1)
Partially Meets Fully Meets
Exceeds
20%
Expectations Expectations
Expectations
Bonus Payout Amount
TOTAL
100%
</TABLE>
----------------
(1) As established by the Chief Executive Officer or, in the case
of the CEO,
the
Compensation Committee.
<PAGE>
Akamai Technologies, Inc.
Form of 2006 Executive Bonus Plan
The method for calculating Corporate Financial Performance is
described in
Schedule 1, which is attached hereto. The Compensation Committee of
Akamai's
Board of Directors retains the right and sole discretion to
determine whether
the corporate and individual objectives have been met, after
consideration of
any recommendation by the Chief Executive Officer. The Compensation
Committee's
determination will be final and binding on all concerned. No
incentive will be
paid under a specific incentive criteria for performance below the
associated
threshold listed for that criteria. Performance above the maximum
may result in
higher reward at the sole discretion of the Compensation
Committee.
The payment of any annual incentive bonus will be made within
thirty (30) days
following the filing of Akamai's SEC 10-K filing for FY 2006.
Acceptance: ________________
________________
Date
Approved by: _______________
________________
Date
<PAGE>
Akamai Technologies, Inc.
Form of 2006 Executive Bonus Plan
SCHEDULE 1
CORPORATE FINANCIAL PERFORMANCE MEASUREMENT METHODOLOGY
A. Overview; Definitions
The
executive shall only be eligible for the corporate
performance-based
bonus of the salary upon the Company's achievement of certain
financial metrics
based on target 2006 Revenue of $[**] million and target 2006
Normalized EPS of
$[**] per share. The Company's performance measured against each
metric shall be
equally weighted to enable comparison as a percentage of a combined
target. For
purposes of this Agreement, such metrics shall have the following
meanings:
"Revenue"
shall mean the Company's revenue for fiscal year 2006
calculated
in accordance with generally accepted accounting principles in the
United
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