Common use of Incentive Bonuses Clause in Contracts

Incentive Bonuses. Employee shall be eligible for annual incentive cash bonuses, beginning with Employer’s fiscal year 2012. Employee’s target bonus opportunity shall be 25% of his Base Salary in effect for the fiscal year and shall be based on achieving pre-established goals designed to enhance Employer’s financial performance. Specific target goals are as follows: (i) revenue; (ii) operating income; (iii) bookings and (iv) operating cash flow. Attached at Appendix A are Employee’s goals (minimum and target) for fiscal year 2012 beginning July 1, 2011. Each factor will be weighted separately with bonus compensation paid for each target achieved. The annual incentive bonus, if earned, will be paid in August following the applicable fiscal year end unless otherwise paid earlier pursuant to this Agreement. The Employee shall not be eligible to participate in any other Employer sponsored bonus plan. For the period from the Effective Date through June 30, 2011, Employee will be entitled to a one-time lump sum payment, in lieu of any bonus, of $15,000, less lawful withholdings, for satisfactorily overseeing and managing various post-closing integration issues. The payment will be made on or about August 1, 2011.

Incentive Bonuses. Employee shall be eligible for annual incentive cash bonuses, beginning with Employer’s fiscal year 2012. Employee’s target bonus opportunity shall be 25% of his Base Salary in effect for the fiscal year and shall be based on achieving pre-established goals designed to enhance Employer’s financial performance. Specific target goals are as follows: (i) revenue; (ii) operating income; (iii) bookings and (iv) operating cash flow. Attached at Appendix A are Employee’s goals (minimum and target) for fiscal year 2012 beginning July 1, 2011. Each factor will be weighted separately with bonus compensation paid for each target achieved. The annual incentive bonus, if earned, will be paid in August following the applicable fiscal year end unless otherwise paid earlier pursuant to this Agreement. The Employee and Employer will mutually establish goals on an annual basis. The Employee shall not be eligible to participate in any other Employer sponsored bonus plan. For the period from the Effective Date through June 30, 2011, Employee will be entitled to a one-time lump sum payment, in lieu of any bonus, of $15,000, less lawful applicable withholdings, for satisfactorily overseeing and managing various post-closing integration issues. The payment will be made on or about August 1, 2011.