Exhibit 10.5
ADOBE EXECUTIVE OFFICER ANNUAL
INCENTIVE PLAN
(FY
2007)
OBJECTIVES :
·
Drive growth and accountability
·
Drive execution of operating plan and strategic objectives
·
Motivate and inspire employees to contribute at peak
performance
ELIGIBILITY :
Executive officers of the Company who are employed (full time or
part time) during the full eligibility period (fiscal year) are
eligible to participate in the Plan. If an executive officer is
hired after the beginning of the Plan eligibility period, the
executive officer’s bonus will be prorated, assuming the
executive is employed by the Company in an eligible position at the
end of the eligibility period.
INCENTIVE BONUS
TARGET : Each participant’s incentive bonus target
is calculated as a percentage of annual base salary.
PAYMENT SCHEDULE :
Incentive bonuses are paid on annual basis approximately 45-60 days
from fiscal year-end.
INITIAL THRESHOLD
ACHIEVEMENT : As a minimum threshold for participants to
earn an incentive bonus under the Plan, the Company must achieve at
least 90% of its revenue target for the fiscal year.
INCENTIVE BONUS
COMPONENTS : Once the initial threshold is met, a
Funding Level for a particular year is determined based on the
corporate
