Sample Business Contracts

2007 Success Sharing Plan - Convio Inc.

Popular Free Forms

2007 Success Sharing Plan

Objectives

Eligibility/Administrative Guidelines

�

Includes all full-time employees and certain part-time employees (see second bullet) not on the following plans:

�

Part-time employees must be employed for twelve months prior to payout date

�

Employees hired in first half are eligible for the second half bonus while those hired in the second half are not eligible for a bonus

�

Employees on performance improvement plan at anytime during the 6 month period are not eligible

�

Employees must be actively on payroll at the time of payment to receive an award

�: All awards calculated on the employee's base salary at the end of the award period

	2006	2007
Funding Components	50% Booking 50% Operating Income	50% Bookings 50% Operating Income
Corporate Performance Funding	*Revenue* <95% = 0% 95 � 99% = 50% > or = 100% = 100%*	*Bookings* <95% = 0% 95 � 99% = 50% > or = 100% = 100%*
	*Operating Income* <95% = 0% 95 � 99% = 50% > or = 100% = 100%*	*Operating Income* <95% = 0% 95 � 99% = 50% > or = 100% = 100%*
Employee Bonus Percent	Director: 8% Manager: 6% Employee: 4%	Director: 10% Manager: 6% Employee: 4%
Individual Payout	50% Corporate performance paid out based on employee's bonus percent	50% Corporate performance paid out based on employee's bonus percent
	50% Individual performance paid out based on employee's bonus percent adjustable by managers based on employees performance	50% Individual performance paid out based on employee's bonus percent adjustable by managers based on employees performance
Timing	Halves�50% 1H and 50% 2H�stand alone	Halves�50% 1H and 50% 2H�year-to-date
	*Discretionary accelerators for over achievement in both operating income and revenue achievement	*Discretionary accelerators for over achievement in both operating income and revenue achievement

Payout Example

Assumptions:

�: 1H Corporate attainment is 100% = 100% funding/payout
�: Employee A is an individual contributor with an annual salary of $35,000 and is an average performer
�: Employee B is also an individual contributor with an annual salary of $35,000 and is a top performer

Employee A

Employee B