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Graphics Properties Holdings, Inc. · 10-Q · For 12/24/04 · EX-10.6

Filed On 2/2/05, 5:22pm ET   ·   Accession Number 1104659-5-3757   ·   SEC File 1-10441

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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

Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    751K 
 2: EX-10.1     Material Contract                                   HTML     60K 
 3: EX-10.2     Material Contract                                   HTML     50K 
 4: EX-10.3     Material Contract                                   HTML    168K 
 5: EX-10.4     Material Contract                                   HTML     91K 
 6: EX-10.5     Material Contract                                   HTML      9K 
 7: EX-10.6     Material Contract                                   HTML     38K 
 8: EX-10.8     Material Contract                                   HTML     32K 
 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     13K 
12: EX-32       Certification per Sarbanes-Oxley Act (Section 906)  HTML     13K 


EX-10.6   —   Material Contract


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



EXHIBIT 10.6

 

Description of Sales Executive Compensation Plan

And Summary Forms of Notice

 

[Name]

 

Annual Target Compensation Mix

 

Base Salary:                                                                                           

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

                  If both the Quarterly Revenue and the Quarterly Geographic Contribution Margin (dollar) plans are met or exceeded (i.e. achievement on both is >100%) in the same quarter, payment for the revenue bonus will be paid on a higher schedule.  (Table I, Schedule B).

 

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:
Quarterly Revenue Bonus
Payment Schedules

 

TABLE II:
Quarterly Geographic Contribution
Margin Payment Schedule

% Achieved

 

Schedule A
% of Quarterly
Revenue
Bonus Paid

 

Schedule B
% of Quarterly
Revenue Bonus Paid
When Quarterly
Contribution Margin
is Met

 

% Achieved

 

% of Quarterly
Contribution Margin
Bonus Paid

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 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:
Quarterly Revenue Bonus
Payment Schedules

 

TABLE II:
Quarterly Product Group Gross Margin
Bonus Payment Schedule

% Achieved

 

% of Quarterly Product Revenue
Bonus Paid

 

% Achieved

 

% of Quarterly Gross
Margin Bonus Paid

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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:
Quarterly Revenue Bonus
Payment Schedule

 

TABLE II:
Quarterly Product Group Gross Margin Bonus
Payment Schedule

% Achieved

 

% of Quarterly
Product Revenue
Bonus Paid

 

% Achieved

 

% of Quarterly
Gross Margin
Bonus Paid

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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)

 



Filing Submission 0001104659-05-003757   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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