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CyberSource Corporation 2009 Executive Bonus Plan

Employee Bonus Plan Agreement

CyberSource Corporation 2009 Executive Bonus Plan | Document Parties: CYBERSOURCE CORP | CyberSource Corporation You are currently viewing:
This Employee Bonus Plan Agreement involves

CYBERSOURCE CORP | CyberSource Corporation

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Title: CyberSource Corporation 2009 Executive Bonus Plan
Date: 5/8/2009
Industry: Computer Services     Sector: Technology

CyberSource Corporation 2009 Executive Bonus Plan, Parties: cybersource corp , cybersource corporation
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EXHIBIT 10.1

CyberSource Corporation

2009 Executive Bonus Plan

This CyberSource Corporation 2009 Executive Bonus Plan (“Executive Bonus Plan”) is established to provide additional incentive compensation for all eligible executives to promote the financial success of CyberSource Corporation (the “Company”).

For the purposes of this Executive Bonus Plan, “executive” shall mean any employee of CyberSource with a title of vice president or above, and “Qualification Date” shall mean the date of the Company’s regularly scheduled Board of Directors meeting in January 2010.

Each executive that is employed full-time in 2009 and remains employed as an executive through the Qualification Date will be eligible under the Executive Bonus Plan, except:

 

 

1.

any executive that is on a written disciplinary or written performance plan as of the Qualification Date will not be eligible;

 

 

2.

any executive whose regular compensation is comprised of fixed and variable components will not be eligible unless and to the extent otherwise stated in such executive’s written compensation plan;

 

 

3.

eligibility and amount of bonuses for any executive that has a written employment contract with the Company shall be determined by such employment contract, if applicable.

Bonus calculations for a newly hired eligible executive will be pro-rated quarterly, which calculation commences in the first full quarter after employment begins. Bonus payout calculations will be adjusted for promotions, which calculation will commence with the first full quarter afte


 
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