Back to top

EX-10.1: 2005 CORPORATE BONUS PLAN

Employee Bonus Plan Agreement

EX-10.1: 2005 CORPORATE BONUS PLAN | Document Parties: DOUBLECLICK INC You are currently viewing:
This Employee Bonus Plan Agreement involves

DOUBLECLICK INC

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: EX-10.1: 2005 CORPORATE BONUS PLAN
Governing Law: New York     Date: 5/10/2005
Industry: Advertising     Sector: Services

EX-10.1: 2005 CORPORATE BONUS PLAN, Parties: doubleclick inc
50 of the Top 250 law firms use our Products every day
 

Exhibit 10.1

2005 DoubleClick Corporate Bonus Plan

Purpose

It is the intent of DoubleClick Inc. to pay for results. The DoubleClick Corporate Bonus Plan provides an incentive to participants to maximize results in areas critical to the Company’s success during the current year, and also rewards participants for their individual performance.

Eligibility

Active employees of DoubleClick Inc. who are at a salary grade level of 9 or above that are not participating in any other short term incentive or commission plan.

Incentive Targets

The following table contains the annual bonus target (percent of base salary) for each salary grade level:

 

 

 

 

 

 

 

 

 

Level  

 

 

 

Bonus Target

 

Salary Grade 16 

 

 

 

 

80

%

 

Salary Grade 15

 

 

 

 

70

%

 

Salary Grade 14

 

 

 

 

60

%

 

Salary Grade 13

 

 

 

 

50

%

 

Salary Grade 12

 

 

 

 

40

%

 

Salary Grade 11

 

 

 

 

30

%

 

Salary Grade 10

 

 

 

 

20

%

 

Salary Grade 9

 

 

 

 

10

%

 

 

Summary

In 2005, The DoubleClick Corporate Bonus Plan will have two performance periods:

First Performance Period: January 1st through June 30th.

A mid-year payment targeted at 40% of the overall targeted annual bonus will be made if threshold levels are met or exceeded, following the first half of the year.

Second Performance Period: January 1st through December 31 st .

An annual payment will be calculated following the end of the calendar year. This calculation will take into account performance results for the entire calendar year. Amounts paid, if any, following the mid-year performance cycle will be subtracted from the annual bonus calculation to provide a net bonus amount payable after the end of the year.

The level of your bonus payment for both performance periods will be based on (1) Revenue results versus the Annual Operating Plan targeted revenue amount; (2) Operating Margin results versus the Annual Operating Plan targeted operating margin amount; (3) results from strategic objectives as defined by management; and (4) your individual performance as defined in your year-end review.

Base Salary

For the mid-year bonus cycle, bonus calculations will be based on your base salary as of May 1st of the plan year. Annual bonus calculations under the Plan will be based on a participant’s salary grade level and base salary as of November 1 st of the plan year.

 

 

 

 

 

 

 

Page 1 of 5

 

 

 


 

How Results Are Measured

Key Performance Results Weights

The total bonus payment will be based on three performance criteria. The following table sets forth the criteria and assigns the weighting of each:

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance

 

 

 

 

 

Bonus

 

 

Criteria

 

 

Corporate Criteria Definitions

 

 

Weighting

 

 

Revenue

 

 

Revenue generated by DoubleClick Inc. during 2005 versus the revenue target identified in the Annual Operating Plan.

 

 

 

35

%

 

 

Operating Margin

 

 

Operating margin results for DoubleClick Inc. for 2005 versus the operating margin target identified in the Annual Operating Plan.

 

 

 

30

%

 

 

Strategic Objectives

 

 

Strategic objectives are identified by management at the start of the year. Results versus these strategic objective targets will be analyzed for bonus calculation.

 

 

 

35

%

 

 

Revenue Performance Factor Table

Revenue will be analyzed after the end of the mid-year performance period and the calendar year versus targeted revenue in the Annual Operating Plan. Any gains or losses from acquisitions or sales that occur during the calendar year will be excluded. The portion of the bonus amount allocated to revenue results (35%) will be determined according to the following table:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Revenue Results

 

 

Performance Against

 

 

% Attainment of

 

 

 

 

 

Plan

 

 

Target*

 

 

Bonus Factor

 

 

Above Superior

 

 

111% - up

 

 

8% for every 1% increase in revenue

 

 

Superior

 

 

110%+

 

 

 

160

%

 

 

Target

 

 

100%

 

 

 

100

%

 

 

Threshold

 

 

85%

 

 

 

0

%

 

 

Below Threshold

 

 

0% - 84.9%

 

 

 

0

%

 

 


*Results that fall between whole numbers will have a prorated bonus factor.

Operating Margin Performance Factor Table

30% of your targeted bonus payment will be based on Operating Margin results. Operating Margin will be analyzed after the end of the first half performance period and the calendar year versus targeted Operating Margin in the Annual Operating Plan. Any gains or losses from acquisitions or sales that occur during the calendar year will be excluded. Bonus dollars resulting from Operating Margin results will be determined according to the following table:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Operating Margin Results

 

 

Performance Against

 

 

% Attainment of

 

 

 

 

 

Plan

 

 

Target*

 

 

Bonus Factor

 

 

Maximum

 

 

 

130%+

 

 

 

 

200

%

 

 

Target

 

 

 

100%

 

 

 

 

100

%

 

 

Threshold

 

 

 

50%

 

 

 

 

50

%

 

 

Below Threshold

 

 

 

0% - 49.9%

 

 

 

 

0

%

 

 


*Results that fall between whole numbers will have a prorated bonus factor.

 

 

 

 

 

 

 

 

Page 2 of 5

 

 

 


 

Strategic Objective Ratings

Specific multiples of performance will be developed for each strategic objective. The multiples will vary depending upon the specific metric being used. 35% of your targeted incent


 
SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)


Try our advanced search >>
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more