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DIVX, INC. SUMMARY OF 2009 EXECUTIVE CASH BONUS PLAN

Employee Bonus Plan Agreement

DIVX, INC. SUMMARY OF 2009 EXECUTIVE CASH BONUS PLAN | Document Parties: DIVX INC You are currently viewing:
This Employee Bonus Plan Agreement involves

DIVX INC

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Title: DIVX, INC. SUMMARY OF 2009 EXECUTIVE CASH BONUS PLAN
Date: 5/8/2009
Industry: Software and Programming     Sector: Technology

DIVX, INC. SUMMARY OF 2009 EXECUTIVE CASH BONUS PLAN, Parties: divx inc
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Exhibit 10.28

DIVX, INC.

SUMMARY OF

2009 EXECUTIVE CASH BONUS PLAN

General

 

 

 

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” ).

 

 

 

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.”

 

 

 

Amounts received by Executives under the Plan


 
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