Performance Bonus Plan Sample Contracts

Openwave Systems Ltd – Great Elm Capital Management, Inc. Amended and Restated Performance Bonus Plan February 6, 2019 (February 8th, 2019)
Parker-Hannifin Corporation Long-Term Incentive Performance Plan Under the Performance Bonus Plan (As Amended and Restated) (February 7th, 2019)
Notice of Award Parker-Hannifin Corporation Long-Term Incentive Performance (Ltip) Under Performance Bonus Plan (February 7th, 2019)

The Human Resources and Compensation Committee of the Board of Directors (the "Committee") of Parker-Hannifin Corporation (the "Company") has awarded to you the contingent right to receive the following number of shares of Common Stock of the Company ("Maximum Shares") under the Company's Long-Term Incentive Performance Plan Under the Performance Bonus Plan (as Amended and Restated) (the "LTIP Plan"), the Parker-Hannifin 2016 Omnibus Stock Incentive Plan (as defined in the LTIP Plan) and the Company's 2015 Performance Bonus Plan (the "Performance Bonus Plan"):

Upwork Inc. – Upwork Inc. 2017 Performance Bonus Plan (September 6th, 2018)
Upwork Inc. – Upwork Inc. 2017 Performance Bonus Plan (June 4th, 2018)

This document sets forth the terms of the Upwork Inc. 2017 Performance Bonus Plan (the Plan). The purpose of the Plan is to advance the interests of the Company and its subsidiaries by motivating selected service providers to contribute to the growth and profitability of the Company by keying a portion of their 2017 compensation to the Companys gross services volume and EBITDA metrics for the Companys fiscal year ending December 31, 2017. The Plan is effective January 1, 2017.

Sunpower Corporation Executive Performance Bonus Plan (May 2nd, 2018)

Purpose of the Plan. The Plan provides the framework under which the Company intendeds to increase stockholder value and the success of the Company by motivating Participants (1) to perform to the best of their abilities, and (2) to achieve the Company's objectives. The Plan's goals are to be achieved by providing Participants with the opportunity to earn incentive awards for the achievement of goals relating to the performance of the Company.

Iridium Communications Inc – Iridium Communications Inc. 2018 Executive Performance Bonus Plan (April 26th, 2018)
Adial Pharmaceuticals, L.L.C. – Performance Bonus Plan Cancelation Agreement (April 16th, 2018)

This Performance Bonus Plan Cancelation Agreement (this "Agreement") is entered into as of April 1, 2018 (the "Effective Date"), by the undersigned for the benefit of Adial Pharmaceuticals, Inc. ("Adial"), a Delaware corporation.

The SHERWIN-WILLIAMS COMPANY 2007 Executive Annual Performance Bonus Plan (February 23rd, 2018)

Purpose. The purpose of The Sherwin-Williams Company 2007 Executive Annual Performance Bonus Plan (Amended and Restated Effective April 19, 2017) (formerly known as The Sherwin-Williams Company 2007 Executive Performance Bonus Plan) (the "Plan") is to attract and retain executives and other key employees for The Sherwin-Williams Company, an Ohio corporation (the "Company"), and its Subsidiaries (as hereinafter defined) and to incent such persons for superior performance in producing results that increase shareholder value, as well as to encourage individual and team behavior that helps the Company achieve both short- and long-term corporate objectives. This Plan is intended to provide performance-based compensation to certain individuals as further described herein that is fully deductible by the Company under federal tax law and is to be interpreted and operated accordingly.

WatchGuard, Inc. – Enforcement Video, LLC Senior Management Performance Bonus Plan Russell Walker (2016) (October 19th, 2017)

Pursuant to the Enforcement Video, LLC Senior Management Performance Bonus Plan (the Plan), Mr. Walker is entitled to receive the following amounts for the achievement of the goals and objectives described below:

Adial Pharmaceuticals, L.L.C. – Performance Bonus Plan Dated April 15, 2017 (September 7th, 2017)

To provide incentive for Company personnel and motivate Company personnel to achieve the goals of the Company, which are to bring in the resources to develop AD04 or create a liquidity event for the Company through a Transaction (defined below). The purpose includes, without limitation, to create motivation to position the Company to achieve future Transactions and Transactions that have the possibility of contingent future payments.

Adial Pharmaceuticals, L.L.C. – Performance Bonus Plan Dated April 15, 2017 (July 28th, 2017)

To provide incentive for Company personnel and motivate Company personnel to achieve the goals of the Company, which are to bring in the resources to develop AD04 or create a liquidity event for the Company through a Transaction (defined below). The purpose includes, without limitation, to create motivation to position the Company to achieve future Transactions and Transactions that have the possibility of contingent future payments.

Combimatrix Corporation Amended and Restated 2017 Executive Performance Bonus Plan (June 19th, 2017)

Pursuant to the authority granted under CombiMatrix Corporation Compensation Committee Charter, the Compensation Committee (the "Committee") of CombiMatrix Corporation (the "Company" or "our") has adopted this 2017 Executive Performance Bonus Plan (the "Plan") effective as of January 1, 2017. The purpose of this Plan is to motivate executives to achieve the Company's objectives and to minimize turnover for participants. The Plan is intended to permit the payment of bonuses that qualify as performance-based compensation under Internal Revenue Code Section 162(m).

Lithia Motors, Inc. 2017 Performance Bonus Plan (April 28th, 2017)
2007 Executive Annual Performance Bonus Plan (Amended and Restated as of April 19, 2017) (April 21st, 2017)

Purpose. The purpose of The Sherwin-Williams Company 2007 Executive Annual Performance Bonus Plan (As Amended and Restated Effective April 19, 2017) (formerly known as The Sherwin-Williams Company 2007 Executive Performance Bonus Plan) (the "Plan") is to attract and retain executives and other key employees for The Sherwin-Williams Company, an Ohio corporation (the "Company"), and its Subsidiaries (as hereinafter defined) and to incent such persons for superior performance in producing results that increase shareholder value, as well as to encourage individual and team behavior that helps the Company achieve both short- and long-term corporate objectives. This Plan is intended to provide performance-based compensation to certain individuals as further described herein that is fully deductible by the Company under federal tax law and is to be interpreted and operated accordingly.

Executive Special Performance Bonus Plan (March 3rd, 2017)

The purpose of the MOCON Executive Special Performance Bonus Plan (the "Special Performance Plan" or "Plan") is to provide an incentive to executive officers of MOCON to attain certain company-related performance goals in addition to the profitability, revenue growth and objectives goals covered under MOCON's Incentive Pay Plan.

Amended and Restated Aramark Senior Executive Performance Bonus Plan (February 7th, 2017)
Combimatrix Corporation 2017 Executive Performance Bonus Plan (February 3rd, 2017)

Pursuant to the authority granted under CombiMatrix Corporation Compensation Committee Charter, the Compensation Committee (the "Committee") of CombiMatrix Corporation (the "Company" or "our") has adopted this 2017 Executive Performance Bonus Plan (the "Plan") effective as of January 1, 2017. The purpose of this Plan is to motivate executives to achieve the Company's objectives and to minimize turnover for participants. The Plan is intended to permit the payment of bonuses that qualify as performance-based compensation under Internal Revenue Code Section 162(m).

Broadcom Cayman L.P. – Form of Annual Performance Bonus Plan for Executive Employees (December 23rd, 2016)

The purpose and scope of the Annual Performance Bonus ("APB") Plan Document for Executive Employees is to define the process to award the annual incentive bonus and to ensure the Plan parameters are managed consistently across Broadcom Ltd. (the "Company").

Broadcom Ltd – Form of Annual Performance Bonus Plan for Executive Employees (December 23rd, 2016)

The purpose and scope of the Annual Performance Bonus ("APB") Plan Document for Executive Employees is to define the process to award the annual incentive bonus and to ensure the Plan parameters are managed consistently across Broadcom Ltd. (the "Company").

Gentherm – Gentherm Incorporated Performance Bonus Plan (December 16th, 2016)
Five Below, Inc. 2016 Performance Bonus Plan (September 1st, 2016)
Notice of Award Parker-Hannifin Corporation Long-Term Incentive Performance (Ltip) Under Performance Bonus Plan (August 26th, 2016)

The Human Resources and Compensation Committee of the Board of Directors (the "Committee") of Parker-Hannifin Corporation (the "Company") has awarded to you the contingent right to receive the following number of shares of Common Stock of the Company ("Maximum Shares") under the Company's Long-Term Incentive Performance Plan Under the Performance Bonus Plan (as Amended and Restated) (the "LTIP Plan"), the Company's Stock Incentive Plan (as defined in the LTIP Plan) and the Company's 20XX Performance Bonus Plan (the "Performance Bonus Plan"):

Parker-Hannifin Corporation Long-Term Incentive Performance Plan Under the Performance Bonus Plan (As Amended and Restated) (August 26th, 2016)
LIFELOCK, INC. EXECUTIVE PERFORMANCE BONUS PLAN Effective January 1, 2016 (August 9th, 2016)
JUNIPER NETWORKS, INC. PERFORMANCE BONUS PLAN (As Amended and Restated Effective January 1, 2017) (May 27th, 2016)
Combimatrix Corporation 2016 Executive Performance Bonus Plan (April 27th, 2016)

Pursuant to the authority granted under CombiMatrix Corporation Compensation Committee Charter, the Compensation Committee (the "Committee") of CombiMatrix Corporation (the "Company" or "our") has adopted this 2016 Executive Performance Bonus Plan (the "Plan") effective as of January 1, 2016. The purpose of this Plan is to motivate executives to achieve the Company's objectives and to minimize turnover for participants. The Plan is intended to permit the payment of bonuses that qualify as performance-based compensation under Internal Revenue Code Section 162(m).

Adobe Systems Incorporated 2016 Executive Cash Performance Bonus Plan (January 29th, 2016)
Form of Annual Performance Bonus Plan for Executive Employees (December 17th, 2015)

The purpose and scope of the Annual Performance Bonus ("APB") Plan Document for Executive Employees is to define the process to award the annual incentive bonus and to ensure the Plan parameters are managed consistently across Avago Technologies (the "Company").

Performance Bonus Plan as Amended by the Board of Directors on September 29, 2015 (November 5th, 2015)
Summary of Amendment to Performance Bonus Plan (July 30th, 2015)

On May 27, 2015, the Compensation Committee of the Board of Directors of Broadcom Corporation (the "Company") approved an amendment to the Company's Performance Bonus Plan to provide that with respect to the annual performance period in effect at the time of the closing of the Transactions (as defined in the Agreement and Plan of Merger by and among the Company and Avago Technologies Limited and certain of its subsidiaries), achievement of the performance goals will be measured as of the closing of the Transactions and the following executives will receive a pro rata cash payment at the closing based on such actual performance and partial annual performance period: Scott A. McGregor, President and Chief Executive Officer; Eric K. Brandt, Executive Vice President and Chief Financial Officer; Daniel A. Marotta, Executive Vice President and General Manager, Broadband and Connectivity Group; and Rajiv Ramaswami, Ph.D., Executive Vice President and General Manager, Infrastructure and Networ

Cardica, Inc. – Cardica, Inc. EXECUTIVE PERFORMANCE BONUS PLAN (July 24th, 2015)

The Cardica, Inc. Executive Performance Bonus Plan (the "Plan") is intended to motivate senior executives to achieve short-term and long-term corporate objectives by providing a competitive bonus for target performance and the appropriate upside opportunity to reward outstanding performance.

Diplomat Pharmacy – Diplomat Pharmacy, Inc. Annual Performance Bonus Plan (Effective January 1, 2015) (June 9th, 2015)
Your Annual Starting Salary for This Position Will Be $265,000 (Base Salary), Which Is Equivalent to $10,192.31 Per Pay Period, Plus a Variable Incentive Target of $215,000. Variable Compensation Is Paid Monthly Subject to the Terms and Conditions of the Company's Sales Incentive Plan for Fiscal Year 2016. A Copy of the Sales Incentive Plan Is Attached Hereto for Your Convenience. Eligibility for the Sales Incentive Plan Will Begin Immediately Upon Your Hire Date. Any Payouts Will Be Pro-Rated Based on Your Start Date Within the Fiscal Year. The Fiscal Year Began on April 1, 2015 and Ends Marc (May 22nd, 2015)
Itc Holdings – Summary of Annual Corporate Performance Bonus Plan for Executives (As of February 2015) (April 30th, 2015)

The annual bonus plan performance goals are individually weighted as set forth below. If all goals are achieved, executives will receive 200% of their target bonus amount. The annual bonus plan consists of three primary measurement categories relating to Company operations: Safety & Compliance, System Performance, and Financial. Each goal operates independently, such that payout will occur with respect to those goals for which the related numerical targets have been achieved even though the numerical targets relating to one or more other goals may not be achieved. There is no payout on any goal for which the related numerical target is not achieved. The goals, numerical targets relating to each goal, and a description of any adjustments to be made in determining whether the goal has been achieved, are established annually upon approval by the Compensation Committee. Goals and payout weighting approved for 2015 are as follows: