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EXHIBIT 10.01
Glu Mobile Inc.
2009 Executive Bonus Plan
(Adopted by the Compensation Committee of
the
Board of Directors on February 25, 2009)
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Eligibility :
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1.
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All
V.P.’s and above.
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2.
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Certain
Directors and Senior Directors as designated by the CEO and
CFO.
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3.
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All eligible
employees must be employed on the last day of the year to be
eligible for the bonus.
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Bonus
Level :
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Target bonus
levels are specified as a fixed percentage of the executive’s
annual base salary at the time the bonus is awarded. The exact
percentage is specified in the executive’s employment offer
letter, or as subsequently modified by the Compensation Committee
of the Board of Directors (the “Committee”) in the case
of executive officers, or the CEO and CFO in the case of
non-executive officers.
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Frequency :
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Awarded 100% on
an annual basis.
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Components of Bonus for Corporate
Executives :
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The total bonus
for an executive designated by the CEO and CFO as a
“corporate executive” is composed of two
parts:
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1.
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50% of
the bonus is awarded based on the company achieving at least 105%
of its annual Corporate GAAP Revenue plan; and
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2.
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50% of
the bonus is awarded based on the company achieving at least 105%
of its annual Corporate Non-GAAP Operating Margin
plan.
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Components of Bonus for Regional
Executives :
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The total bonus
for an executive designated
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