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Infoblox Inc – IPO: ‘S-1’ on 1/6/12 – ‘EX-10.15’

On:  Friday, 1/6/12, at 4:39pm ET   ·   Private-to-Public:  Document/Exhibit  –  Release Delayed   ·   Accession #:  1193125-12-5222   ·   File #:  333-178925

Previous ‘S-1’:  None   ·   Next:  ‘S-1/A’ on 2/15/12   ·   Latest:  ‘S-1/A’ on 10/1/12   ·   4 References:   

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 1/06/12  Infoblox Inc                      S-1¶                  25:7.6M                                   Donnelley … Solutions/FA

Initial Public Offering (IPO):  Registration Statement (General Form)   —   Form S-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1         Registration Statement on Form S-1                  HTML   2.79M 
25: COVER     ¶ Comment-Response or Cover Letter to the SEC         HTML      4K 
 2: EX-3.01     Amended and Restated Certificate of Incorporation   HTML     71K 
                of the Registrant                                                
 3: EX-3.03     Bylaws of the Registrant                            HTML     89K 
 4: EX-4.02     Third Amended and Restated Investors' Rights        HTML    138K 
                Agreement                                                        
 5: EX-10.02    2003 Stock Plan and Form of Option Grant            HTML    140K 
 6: EX-10.03    2005 Stock Plan                                     HTML     55K 
 7: EX-10.06    Lease Agreement                                     HTML    146K 
 8: EX-10.07    Flextronics Infrastructure Manufacturing Services   HTML    101K 
                Agreement                                                        
 9: EX-10.08    Offer Letter to Robert D. Thomas                    HTML     41K 
10: EX-10.09    Employment Agreement - Stuart M. Bailey             HTML     68K 
11: EX-10.10    Offer Letter to Remo E. Canessa                     HTML     34K 
12: EX-10.11    Offer Letter to W. Stephen Nye                      HTML     28K 
13: EX-10.12    Offer Letter to Sohail M. Parekh                    HTML     35K 
14: EX-10.13    Offer Letter to Mark S. Smith                       HTML     35K 
15: EX-10.14    Infoblox Bonus Plan - FY 2011                       HTML     15K 
16: EX-10.15    Infoblox Bonus Plan - FY 2012                       HTML     16K 
17: EX-10.16    Infoblox FY 2011 World Wide Sales Compensation      HTML    113K 
                Plan                                                             
18: EX-10.17    Infoblox FY 2012 World Wide Sales Compensation      HTML    118K 
                Plan                                                             
19: EX-10.18    Form of Warrant to Purchase Shares of Common Stock  HTML     49K 
                of the Registrant                                                
20: EX-10.19    Form of Warrant to Purchase Shares of Preferred     HTML     61K 
                Stock of the Registrant                                          
21: EX-10.20    Warrant to Purchase Shares of Preferred Stock of    HTML     54K 
                the Registrant                                                   
22: EX-10.21    Form of Change in Control Severance Agreement       HTML     44K 
23: EX-23.02    Consent of Ernst & Young LLP, Independent           HTML     10K 
                Registered Public Accounting Firm                                
24: EX-23.03    Consent of Ernst & Young LLP, Independent Auditors  HTML      9K 


‘EX-10.15’   —   Infoblox Bonus Plan – FY 2012


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  Infoblox Bonus Plan - FY 2012  

Exhibit 10.15

LOGO

INFOBLOX BONUS PLAN – FY 2012

The Infoblox 2012 Bonus Plan is intended to incent superior performance by Infoblox employees, and to reward Infoblox employees for their contribution to the Company’s success during FY 2012. The details of the plan are as follows:

 

   

The Plan covers all Infoblox employees except employees receiving commission or other sales compensation.

 

   

The FY 2012 bonus will be based on attainment or over achievement of one or more quarterly performance targets based on revenue, net cash flow, bookings, operating profitability or other company performance measures as determined by the CEO/CFO and as approved by the Compensation Committee of the Board. Bonus targets will be established at the start of each quarter as practicably possible and will be approved by the Compensation Committee of the Board and communicated by the CEO/CFO.

 

   

Plan payout for FY2012 will be quarterly based on attainment or over achievement of the performance target/s as reported by the CEO/CFO at the end of each quarter. Payouts may be adjusted, suspended or deferred due to unforeseen developments which in management’s judgment would cause bonus payouts to be deemed inappropriate for the Company’s current financial position/performance.

Eligibility: New hires are eligible to participate in the Infoblox Bonus Program in the quarter in which they are hired. The targeted bonus payment that will be awarded to a participant of the plan for a partial plan quarter shall be multiplied by a factor as follows: the number of days of active participation divided by days in the quarter.

Award Calculation and Payment: Payment will generally be paid as soon as practicably possible, generally on the last day of the month following quarter close. International employees will be compensated in local currency at the prevailing exchange rate at the time of payment. Bonus payments under this plan will be paid in cash and subject to applicable withholding taxes.

Termination/Disability: Except for termination due to death or total and permanent disability, or retirement with the consent of the company, no bonus payment will be paid to an eligible participant who is not actively employed on the date such bonus is paid. The only exception to this being, those employees who have been out or are out at time of bonus payment on temporary disability, family leave or other approved leave. For those employees, any eligible participant who has been or is on leave for greater than 30 business days during the quarter or year which the bonus applies to, the bonus will be prorated for the days over 30 days that were missed due to disability or family leave.

For example, a person on leave from Sept 1 to Nov 30, three months, would be eligible for 1/3rd of the bonus paid for Q1, 2/3rd of the bonus paid for Q2.

If the employee has returned to work in a part time capacity, eligible bonuses will be paid to the employee on a pro-rata basis. Please note, however, that any return to work on a part-time basis is subject to approval by the employee’s manager.

Continuing the scenario, if the employee returns to work on a part-time basis (three days per week) for the period Sept 1 through Nov 30, the employee would be eligible for 20% of the Q2 bonus (out of work for two months of the quarter and at work for 3 days a week for one month of the quarter equals 3/5ths of the bonus to be paid for one month, or 1/5th of the bonus to be paid for the entire quarter).


Ethical and Legal Standards: Each Infoblox employee is required at all times to comply with the Infoblox Code of Business Ethics and Conduct and all other Infoblox policies. In accordance with Infoblox’s employee policies, no Infoblox employee shall pay, offer to pay or give any of his/her incentive compensation or any other money to any agent, customer or representative of the customer or any other person as an inducement or reward for assistance in making a sale.

Gifts and entertainment above a nominal amount shall not be given to customers, agents or representatives except in accordance with current Infoblox policies and procedures.

Any infraction of this policy, or of ethical business standards, will subject an employee to disciplinary action (including possible termination) and revocation of any incentive compensation as provided by this or any other Plan to which the employee would otherwise be entitled.

At Will Employment: The Infoblox Bonus Plan is not a contract between Infoblox and any participant. Noting in the Infoblox Bonus Plan will be construed to change or alter the at will nature of participant’s employment; Infoblox reserves the right to terminate any participant’s employment at any time, for any reason whatsoever, with or without cause.

Modifications: The Plan may be modified or terminated at the sole discretion of Infoblox at any time, to be effective upon written notice of modification(s) to the participants. All changes are effective as stated in the specific change notice. An email memo is an acceptable way to communicate these changes.

Exceptions: The CEO and CFO must approve any and all exceptions to the Plan.


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/04/12  SEC                               UPLOAD10/06/17    1:83K  Infoblox Inc.
 3/27/12  SEC                               UPLOAD10/06/17    1:98K  Infoblox Inc.
 3/07/12  SEC                               UPLOAD10/06/17    1:107K Infoblox Inc.
 2/03/12  SEC                               UPLOAD10/06/17    1:146K Infoblox Inc.
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Filing Submission 0001193125-12-005222   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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