Corporate Bonus Plan – Concur Technologies Inc.
Concur Technologies, Inc.
Fiscal 2011 Corporate Bonus Plan
This Fiscal 2011 Corporate Bonus Plan applies to all employees of Concur
Technologies, Inc. (“Concur“), other than employees
compensated under commission plans, for fiscal 2011:
|
1. |
Bonuses are earned under this Fiscal 2011 Corporate Bonus Plan if Concur |
|
Section 16 Officer |
Target Cash Bonus |
|
|
S. Steven Singh, Chief Executive Officer and Chairman of the Board of |
US$600,000 |
|
|
Rajeev Singh, President, Chief Operating Officer, and Director |
US$550,000 |
|
|
Frank Pelzer, Chief Financial Officer |
US$350,000 |
|
|
Kyle R. Sugamele, Chief Legal Officer |
US$165,000 |
|
|
John Torrey, Executive Vice President of Corporate Development |
US$275,000 |
|
|
Robert Cavanaugh, Executive Vice President and General Manager, North America |
US$234,000 |
|
|
Michael Eberhard, Executive Vice President and General Manager, Asia Pacific |
US$190,832 |
|
|
Barry Padgett, Executive Vice President and General Manager, Europe |
US$150,000 |
|
2. |
The target cash bonus is earned and payable if Concur achieves the Corporate |
|
3. |
For each 1% that actual fiscal 2011 non-GAAP pre-tax earnings exceed the |
|
4. |
If actual fiscal 2011 non-GAAP pre-tax earnings, including a charge for the |
|
5. |
The amount of cash bonus payable to each eligible employee can be increased |
|
6. |
Non-GAAP pre-tax earnings consists of Concur153s GAAP pre-tax earnings for |
|
shall only be to the extent permitted by such section without making such |
|
a. |
One-time expenses (as defined in the Company153s accounting policies and |
|
b. |
Additional shares issued in conjunction with an acquisition (which will be |
|
c. |
The earnings impact associated with contingent consideration offered in an |
|
d. |
The dilutive effect from any contingent consideration associated with |
|
e. |
The financial results from strategic investments (including any shares of |
|
f. |
Any reduction in earnings available to common shareholders resulting from the |
|
g. |
Additional shares from equity financing (which will be excluded from the |
|
h. |
Interest expense associated with debt financing, off-set by any interest |
|
i. |
The financial impact associated with any divestitures or sales of assets |
|
j. |
Any impairment or loss of assets resulting from a change in Company strategy |
|
k. |
Impairment of goodwill; |
|
l. |
The financial impact of actual legal settlements or accruals for legal |
|
m. |
The financial impact of any discontinued operations; and |
|
n. |
Any new fees, taxes or expenses incurred to comply with new laws and |
|
7. |
Only persons employed by Concur prior to July 1, 2011, and continuing such |
|
8. |
This Fiscal 2011 Corporate Bonus Plan shall be subject to the terms of |
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