Title and Cash Compensation. Your title is, and shall remain, Chief Executive Officer. In such capacity, you will continue to report to the Board of Directors (the “Board”). You shall devote your best efforts and full business time, skill and attention to the performance of your duties. You will also be expected to adhere to the general policies of the Company that may be in effect from time to time. As of the Effective Date, your monthly base salary is $29,167 per month (or $350,000.00 on an annualized basis), payable in accordance with the Company’s standard payroll schedule, less deductions and withholdings.
Title and Cash Compensation. Your title is, and shall remain, [ ]. In such capacity, you will continue to report to [ ]. You shall devote your best efforts and full business time, skill and attention to the performance of your duties. You will also be expected to adhere to the general policies of the Company that may be in effect from time to time. As a condition of your employment, you will continue to be subject to the terms of the employee nondisclosure and assignment agreement executed by you on [ ] (the “Nondisclosure and Assignment Agreement”). As of the date hereof, your monthly base salary is $[ ] per month (or $[ ] on an annualized basis), payable in accordance with the Company’s standard payroll schedule, less deductions and withholdings.
Title and Cash Compensation. Your title is, and shall remain, Senior Vice President, Research & Development. In your capacity as Senior Vice President, Research & Development, you will continue to report to the Chief Executive Officer and President. As of the Effective Date, your base salary is $270,000 on an annualized basis.
Title and Cash Compensation. Your title will be Chief Financial Officer. In your capacity as Chief Financial Officer, you will report to the President and Chief Executive Officer (“CEO”). As of the Effective Date, your monthly base salary is $20,833.33 per month, or $250,000.00 on an annualized basis.
Title and Cash Compensation. Your title is, and shall remain, President, Chief Executive Officer and Director. In your capacity as President and Chief Executive Officer, you will continue to report to the Board of Directors. As of the Effective Date, your monthly base salary is $31,250 per month or $375,000 on an annualized basis.
Title and Cash Compensation. Your title will be Executive Vice President and Chief Administrative Officer. You will continue to report to me in my capacity as President and CEO. Effective October 1 2004, your monthly base salary will be $25,000 per month or $300,000 on an annualized basis. In addition, for the fourth calendar quarter of 2004, you shall be eligible for a cash award from the Company under the Company’s Variable Pay Plan (“VPP”), based upon a target for such quarter which shall be fifteen (15%) of your annual base salary (ie., $45,000). Your actual incentive cash award for this quarter may be below, at, or above target, and shall be determined based upon a combination of (a) the Company’s achievement level against the financial and performance objectives and (b) an individual modifier component based upon your individual performance as determined by the Compensation Committee of the Board of Directors (the “Compensation Committee”) in consultation with the CEO. Your maximum quarterly incentive cash award shall not exceed one hundred fifty percent (150%) of your target quarterly incentive. Commencing January 1, 2005, you shall be eligible for a semi-annual incentive cash award from the Company under the VPP or alternatively the Company’s Corporate Incentive Plan for Executives (“CIP”), based upon a target for each semi-annual period which shall be thirty percent (30%) of your annual base salary ($90,000 for each semi-annual period based upon your current base salary). Your actual annual incentive cash award for each such semi-annual period may be below, at, or above target and shall be determined based upon a combination of (a) the Company’s achievement level against financial and performance objectives and (b) an individual modifier component based upon your individual performance as determined by the Compensation Committee in consultation with the CEO. The Company and you agree that the incentive cash awards shall be determined under the VPP until such time as the CIP is in effect and is designed to be fully funded if the Company meets the CIP performance targets, at which point your incentive cash awards will be determined by the CIP. Regardless, you are only eligible for payments under either the VPP or CIP for any given period, and not both, and the maximum possible payout to you under the VPP and the CIP, as applicable, for each six-month period is one hundred fifty percent (150%) of the target incentive cash for each such period. The terms of the VPP or CIP, as app...
Title and Cash Compensation. Your title will continue to be Chief Operating Officer. In your capacity as Chief Operating Officer, you will continue to report to the President and Chief Executive Officer (“CEO”). As of the Effective Date, your monthly base salary will continue to be $25,000 per month, or $300,000 on an annualized basis.
Title and Cash Compensation. Your title is, and shall remain, Vice President and Chief Technology Officer. In your capacity as Vice President and Chief Technology Officer, you will continue to report to the Chief Executive Officer and President. As of the Effective Date, your base salary is $275,000 on an annualized basis.
Title and Cash Compensation. Your new title shall be President, Worldwide Sales and Distribution. In your capacity as President, Worldwide Sales and Distribution, you will report to Xxxxx XxXxxxxx, COO. As of the Effective Date, your monthly base salary will be $25,000 per month, payable in accordance with NetSuite’s normal payroll practices. This position is exempt and therefore you are not eligible for any over-time pay. In addition to your base salary, you are also eligible for an annual performance-based cash incentive award with an annual target potential payout equal to $300,000 for 2014. The performance components shall be set each year, and the performance against them determined, by the Compensation Committee in consultation with the COO and/or CEO. The annualized target payout set forth above, of course, will be pro-rated for the remainder of 2014 from Effective Date.
Title and Cash Compensation. Employee’s title is, and shall remain, Chief Executive Officer. As of the Effective Date, Employee’s monthly base salary is $20,000 per month or $240,000 on an annualized basis.
