2003 EVP Incentive Plan - Akamai Technologies Inc. and Chris Schoettle
2003 EVP INCENTIVE PLAN
Name: Chris Schoettle
Title: EVP Technology, Networks and Support
Base salary: $300,000
Annual incentive target: $100,000
Your annual bonus is based on the Company's performance against stated financial
objectives and operational objectives. You must be an employee for the entire
year to be eligible to receive the annual incentive payment, which will be paid
in the quarter following the end of the performance period.
At the discretion of the CEO and/or Compensation Committee of the Board,
performance criteria are subject to revision based on changes in circumstances
including new business direction or extraordinary events.
Incentives below or above target will be determined based on interpolation.
Performance at target will receive funding at target. Performance below
threshold levels will receive no funding. Funding for performance below or above
target will be interpolated using a "straight line" approach. Performance above
"maximum" of plan may be capped at the sole discretion of the CEO and the
Compensation Committee of the Board.
PERFORMANCE CRITERIA
<TABLE>
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CRITERIA WEIGHT THRESHOLD MIN TARGET MAX
-------- ------ --------- --- ------ ---
<S> <C> <C> <C> <C> <C>
TOTAL RECOGNIZED REVENUE ($000,000) 20% <$134 $ 134 $135.7 $ 150
BONUS PAYOUT ($000) $ 0 $ 10.0 $ 20.0 $ 40.0
NETWORK COGS AS A % OF REVENUE 40% < 21% 21% 20% 19%
BONUS PAYOUT ($000) $ 0 $ 20.0 $ 40.0 $ 80.0
FCF+, Q4 2003 ($000,000) 10% <$0.0 $ 0.0 $ 1.0 $ 5.0
BONUS PAYOUT ($000) $ 0 $ 5.0 $ 10.0 $ 20.0
EDGE COMPUTING (DEALS CLOSED IN 2003) 30% < 15 15 25 35
BONUS PAYOUT ($000) $ 0 $15.00 $ 30.0 $ 60.0
TOTAL 100% $0.0 $ 50.0 $100.0 $200.0