SUMMARY OF EXECUTIVE BONUS ARRANGEMENTSEmployee Bonus Plan Agreement |
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ARI NETWORK SERVICES INC /WI. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Exhibit 10.8
Summary
of Executive Bonus Arrangements
(For Fiscal 2007)
I. Bonus Structure
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For the current
year bonus, an executive’s on-target bonus objective is approved each
year by the compensation committee. Achievement of the bonus is based on
four, equally-weighted performance goals: 25% revenue (growth only), 25%
Profit (Operating Income), 25% Cash (cash flow from operating and investment
activities before changes in working capital), 25% MBO (individual
performance objectives); provided, however, that if the revenue objective is
not achieved at the 80% threshold level, the other three objectives will be
paid to a maximum of 50% of the target amounts. |
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Financial Bonus
Component split by quarter: 20% for each of the first three fiscal quarters
and 40% for the fourth quarter, in each case on a year-to-date basis. |
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2-break
Financial Bonus formula: |
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% of Bonus |
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up to 1st |
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% of Bonus up to |
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2nd Break |
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% of Bonus up to |
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% of Bonus at and |
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Break |
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1st Break Point |
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