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As Of Filer Filing For·On·As Docs:Size Issuer Agent 2/02/05 Graphics Props Holdings, Inc. 10-Q 12/24/04 12:1.8M Merrill Corp-MD/FA |
Document/Exhibit Description Pages Size 1: 10-Q Quarterly Report HTML 751K 2: EX-10.1 Material Contract HTML 61K 3: EX-10.2 Material Contract HTML 50K 4: EX-10.3 Material Contract HTML 168K 5: EX-10.4 Material Contract HTML 92K 6: EX-10.5 Material Contract HTML 10K 7: EX-10.6 Material Contract HTML 38K 8: EX-10.8 Material Contract HTML 33K 9: EX-10.9 Material Contract HTML 59K 10: EX-31.1 Certification per Sarbanes-Oxley Act (Section 302) HTML 13K 11: EX-31.2 Certification per Sarbanes-Oxley Act (Section 302) HTML 14K 12: EX-32 Certification per Sarbanes-Oxley Act (Section 906) HTML 13K
EXHIBIT 10.6
Description of Sales Executive Compensation Plan
And Summary Forms of Notice
[Name]
Annual Target Compensation Mix |
Target Incentive (TI): % of Base Salary
On Target Earnings (OTE):
OTE Quarterly Plan Components |
I. Quarterly Geographic (Products & Service) Revenue Bonus:
• Quarterly Revenue Bonus equals % of TI ( % of TI each quarter).
• Paid quarterly based on performance against quarterly revenue plan.
• Quarterly bonus payment per Table I, Schedule A
II. Quarterly Geographic Contribution Margin:
• The Quarterly Geographic Contribution Margin represents % of TI ( % TI each quarter).
• Paid quarterly based on performance against Quarterly Geographic Contribution Margin Plan.
• Quarterly bonus payment per Table II.
• Measurement is based on Geographic Contribution Margin dollars.
Approved by: Date:
Definitions:
Base Salary: The non-variable portion of total on-target earnings (OTE).
Target Incentive (TI): Total variable amount an Executive would receive by meeting his/her targets.
On-Target-Earnings (OTE): Total cash paid to an Executive for meeting specified individual targets.
TABLE I: |
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TABLE II: |
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% Achieved |
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Schedule A |
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Schedule B |
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% Achieved |
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% of Quarterly |
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Payment Calculations: For purposes of bonus payment calculations, actual achievement will be rounded to a whole number using conventional rounding (i.e. .01 - .49 will be rounded DOWN .5 - .99 will be rounded UP)
FY ‘05 Executive Compensation Plan
[Name]
Annual Target Compensation Mix |
Target Incentive (TI): % of Base Salary
On Target Earnings (OTE):
OTE Quarterly Plan Components |
I. Quarterly Product Group Revenue Bonus:
• Quarterly Revenue Bonus equals % of TI( % of TI each quarter).
• Paid quarterly based on performance against quarterly Product Group revenue plan.
• Quarterly bonus payment per Table I
II. Quarterly Product Group Gross Margin:
• The Quarterly Product Group Gross Margin represents % of TI ( %TI each quarter).
• Paid quarterly based on performance against Quarterly Product Group Gross Margin Plan.
• Quarterly bonus payment per Table II.
Approved by: Date:
Definitions:
Base Salary: The non-variable portion of total on-target earnings (OTE).
Target Incentive (TI): Total variable amount an Executive would receive by meeting his/her targets.
On-Target-Earnings (OTE): Total cash paid to an Executive for meeting specified individual targets.
TABLE I: |
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TABLE II: |
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% Achieved |
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% of Quarterly Product Revenue |
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% Achieved |
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% of Quarterly Gross |
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Payment Calculations: For purposes of bonus payment calculations, actual achievement will be rounded to a whole number using conventional rounding (i.e. .01 - .49 will be rounded DOWN .5 - .99 will be rounded UP)
FY ‘05 Executive Compensation Plan
[Name]
Annual Target Compensation Mix
Base Salary:
Target Incentive (TI): |
% of Base Salary |
On Target Earnings (OTE):
OTE Quarterly Plan Components
I. Quarterly Strategic Technology Initiative Contract Bonus (Q1 & Q2 only):
• Quarterly Contract Bonus equals % of TI.
• A one-time payment based on the successful completion of the contract. Determination of the successful completion will be made by Finance and Legal.
• The maximum payout for this opportunity is % of TI.
II. Quarterly Strategic Technology Initiative Revenue Bonus (Q3 & Q4 only):
• Quarterly Revenue Bonus equals of TI ( % of TI each quarter).
• Paid quarterly based on performance against quarterly Strategic Technology Initiative revenue plan.
• Quarterly bonus payment per Table I
III. Quarterly Strategic Technology Initiative Gross Margin (Q3 & Q4 only):
• The Quarterly Product Group Gross Margin Bonus represents % of TI ( %TI each quarter).
• Paid quarterly based on performance against Quarterly Strategic Technology Initiative Gross Margin Plan.
• Quarterly bonus payment per Table II.
Approved by: |
Date: |
Definitions:
Base Salary: The non-variable portion of total on-target earnings (OTE).
Target Incentive (TI): Total variable amount an Executive would receive by meeting his/her targets.
On-Target-Earnings (OTE): Total cash paid to an Executive for meeting specified individual targets.
TABLE I: |
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TABLE
II: |
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% Achieved |
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% of Quarterly |
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% Achieved |
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% of Quarterly |
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Payment Calculations: For purposes of bonus payment calculations, actual achievement will be rounded to a whole number using conventional rounding (i.e. .01 - .49 will be rounded DOWN .5 - .99 will be rounded UP)