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
|
|
|
|
|
|
|
|
80
|
%
|
|
|
|
|
|
|
|
70
|
%
|
|
|
|
|
|
|
|
60
|
%
|
|
|
|
|
|
|
|
50
|
%
|
|
|
|
|
|
|
|
40
|
%
|
|
|
|
|
|
|
|
30
|
%
|
|
|
|
|
|
|
|
20
|
%
|
|
|
|
|
|
|
|
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.
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
generated by DoubleClick Inc. during 2005 versus the revenue target
identified in the Annual Operating Plan.
|
|
|
|
35
|
%
|
|
|
|
|
|
|
Operating
margin results for DoubleClick Inc. for 2005 versus the operating
margin target identified in the Annual Operating Plan.
|
|
|
|
30
|
%
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
111% - up
|
|
|
8% for every 1% increase in
revenue
|
|
|
|
|
|
|
110%+
|
|
|
|
160
|
%
|
|
|
|
|
|
|
100%
|
|
|
|
100
|
%
|
|
|
|
|
|
|
85%
|
|
|
|
0
|
%
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
130%+
|
|
|
|
|
200
|
%
|
|
|
|
|
|
|
|
100%
|
|
|
|
|
100
|
%
|
|
|
|
|
|
|
|
50%
|
|
|
|
|
50
|
%
|
|
|
|
|
|
|
|
0% - 49.9%
|
|
|
|
|
0
|
%
|
|
|
|
|
*Results
that fall between whole numbers will have a prorated bonus
factor.
|
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