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Exhibit 10.28
DIVX, INC.
SUMMARY OF
2009 EXECUTIVE CASH BONUS
PLAN
General
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Each of: (i) the Chief
Executive Officer; (ii) the Executive Vice President, Chief
Financial Officer; (iii) the Executive Vice President,
Business and Legal Affairs and (iv) the Executive Vice
President, Sales and Marketing (the
“Executives” ) of DivX, Inc. (the
“Company” ) is included in the
Company’s 2009 Executive Cash Bonus Plan (the
“Plan” ).
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The Plan provides for the payment
of cash bonuses to the Executives based upon the achievement by the
Company of specific 2009 quarterly and annual revenue and earnings
before interest, taxes, depreciation and amortization (
“EBITDA” ) milestones and achievement by
the Company of Key Area Results ( “KRA ”)
milestones. Revenue and EBITDA milestones are classified under the
Plan as “Bronze 1,” “Bronze 2,”
“Silver 1,” “Silver 2,” “Gold
1,” “Gold 2,” “Platinum 1”
“Platinum 2” and “Platinum 3.”
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Amounts received by Executives
under the Plan
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