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Atari Inc – ‘10-KT’ for 3/31/03 – EX-10.59

On:  Tuesday, 7/15/03, at 4:44pm ET   ·   For:  3/31/03   ·   Accession #:  950123-3-8200   ·   File #:  0-27338

Previous ‘10-KT’:  ‘10-KT’ on 9/12/00 for 6/30/00   ·   Latest ‘10-KT’:  This Filing

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

 7/15/03  Atari Inc                         10-KT       3/31/03   10:392K                                   RR Donnelley/FA

Annual-Transition Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-KT       Atari, Inc                                            83    631K 
 2: EX-10.28.T  Fourteenth Amendment to the Credit Agreement           3     15K 
 3: EX-10.57.A  First Amendment and Consent to Credit Agreement        8     28K 
 4: EX-10.57.B  Second Amendment and Consent to Credit Agreement       7     24K 
 5: EX-10.57.C  Third Amendment and Waiver to Credit Agreement         8     31K 
 6: EX-10.59    Description of Registrant's Executive Bonus Plan       1      6K 
 7: EX-23.2     Consent of Deloitte & Touche LLP                       1      6K 
 8: EX-24.1     Power of Attorney                                      2±    12K 
 9: EX-99.1     Miscellaneous Exhibit                                  1      7K 
10: EX-99.2     Miscellaneous Exhibit                                  1      7K 


EX-10.59   —   Description of Registrant’s Executive Bonus Plan

EX-10.59TOCTopPreviousNextBottomJust 1st
 

EXHIBIT 10.59 ATARI, INC. DESCRIPTION OF REGISTRANT'S FISCAL YEAR 2003 EXECUTIVE BONUS PLAN Target annual bonuses are set for each executive based upon a percentage of base salary. Bonuses are calculated based on three components, one of which relates to the U.S. Company's and/or the business unit's profit and revenue results, one of which is measured against worldwide cash flow, profit and revenue results, and in the case of studio-based executives, one of which is based on the timeliness of product delivery. Bonuses are paid after the end of the fiscal year after the audit is complete. If the Company's worldwide cash flow attainment for the fiscal year is less than 80% of the Company's plan, no bonus is required to be paid for the fiscal year; bonuses then become discretionary. If profits and/or revenue exceed plan for the fiscal year the bonus rate is accelerated for the incremental profits and revenue above plan, with a maximum of 150% payout of the bonus target.
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Filing Submission 0000950123-03-008200   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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