STREAM GLOBAL
SERVICES, INC.
2009 EXECUTIVE SALES COMMISSION
PLAN
1.
Purpose and Components
The purpose of this Executive
Sales Commission Plan is to align the Executive Vice President,
Global Sales and Marketing to the revenue and gross margin targets
of Stream Global Services, Inc. and its consolidated subsidiaries
(the "Company"). The Plan is based 75% on the Company's revenues
and 25% on the Company's gross margin percentages.
2.
Eligibility
The Executive Vice President,
Global Sales and Marketing is currently the only eligible
participant in this Plan, but the Company may add other
participants to the Plan in its sole discretion.
3.
Calculation and Payment of Commissions
A.
The Plan participant's target commission is 40% of annual base
salary for the year ending December 31, 2009. If the Company
over-achieves its goals, then the participant may earn accelerator
amounts above 40% of annual base salary, as described
below.
B.
The Company will pay commissions, if earned, on a quarterly basis
and will true-up the commissions at the end of the year to reflect
full-year revenue and gross margins. The Company will issue
commission payments to the participant on the corresponding pay
cycle (approximately 45 days) after the completion of the quarter,
and all payouts are subject to applicable tax, payroll and other
withholding required by applicable law. The participant must be
employed by the Company at the time of the payout to receive
payment.
C.
Commissions will be calculated as set forth on the attached
Exhibit A, based on the quarterly and annual revenues and
gross margin percentages in the Company's annual budget for the
year ending December 31, 2009 as approved by the Company's
Board of Directors and set forth on the attached Exhibit A.
Actual revenues and gross margins subject to commissions under this
Plan will not include any amounts from any acquisition, joint
venture or business combination that the Company may enter into.
The participant will earn no commission based on the Company's
revenue for a quarter or for the year unless the Company achieves
at least 90.0% of the budgeted revenue for that quarter or year.
The participant will earn no gross margin percentage commission for
a quarter or for the year unless the Company achieves at least
97.5% of the budgeted gross margin percentage for that quarter or
year.
D.
If the Company achieves more than 100% of the budgeted revenue for
the year and at least 100% of the budgeted gross margin percentage
for the year, each as set forth in the budget approved by the
Company's Board of Directors, then the participant is eligible for
accelerators as follows:
-
- If the Company's actual
revenue
