EX-10.37 3 d46038exv10w37.htm 2007 EXECUTIVE INCENTIVE COMPENSATION PLAN FOR DAVID T. STONER exv10w37
 

EXHIBIT 10.37
ViewCast Corporation
2007 Executive Incentive Compensation Plan
Dave Stoner
Annual salary: $183,000
This Plan consists of two components:
  1.   A quarterly bonus opportunity of up to 15% of your base salary, based on achieving quarterly revenue and profit goals
 
  2.   An annual bonus opportunity of up to 15% of your base salary, paid based on achieving annual revenue and profit goals
Quarterly Component
Revenue
For each quarter in which 100% of the revenue goal for that quarter is reached you will be paid 7.5% of your quarterly base salary. No payment will be made for performance of less than 100% of the goal. Payments will increase in a linear fashion for performance above 100%, with no cap.
Profit
For each quarter in which 100% of the profit goal for that quarter is reached you will be paid 7.5% of your quarterly base salary. No payment will be made for performance of less than 100% of the goal. Payments will increase in a linear fashion for performance above 100%, with no cap.
Exception: For Q2, a minimum profit of $100k is required before a profitability payment will be made.
Annual Component
Revenue
You will be paid a bonus of 7.5% of your annual base salary for achieving 100% of the annual revenue goal. No payment will be made for performance of less than 100% of the goal. Payments will increase in a linear fashion for performance above 100%, with no cap.
Profit
You will be paid a bonus of 7.5% of your annual base salary for achieving 100% of the annual profit goal. No payment will be made for performance of less than 100% of the goal. Payments will increase in a linear fashion for performance above 100%, with no cap.
     Example:
                                         
    Q1     Q2     Q3     Q4     Total  
Plan
                                       
Revenue
    4,625,000       5,225,000       6,100,000       7,020,000       22,970,000  
Profit
    159,834       -58,157       354,300       771,771       1,227,748  
 
                                       
Actual
                                       
Revenue
    4,700,000       5,300,000       6,000,000       7,500,000       23,500,000  
Profit
    175,000       0       355,000       850,000       1,380,000  
 
                                       
% of Plan Achieved
                                       
Revenue
    101.6 %     101.4 %     98.4 %     106.8 %     102.3 %
Profit
    109.5 %     0.0 %     100.2 %     110.1 %     112.4 %

 


 

                                         
    Q1     Q2     Q3     Q4     Total  
Quarterly Bonus Potential at 100%
                                       
Revenue
    3,431.25       3,431.25       3,431.25       3,431.25       13,725  
Profit
    3,431.25       3,431.25       3,431.25       3,431.25       13,725  
Total
    6,862.50       6,862.50       6,862.50       6,862.50       27,450  
 
                                       
Quarterly Bonus Earned
                                       
Revenue
    3,486.89       3,480.50       0.00       3,665.87       10,633.26  
Profit
    3,756.83       0.00       3,438.03       3,779.05       10,973.91  
Total
    7,243.72       3,480.50       3,438.03       7,444.92       21,607.17  
 
                                       
Annual Bonus Potential at 100%
                                       
Revenue
                                    13,725.00  
Profit
                                    13,725.00  
Total
                                    27,450.00  
 
                                       
Annual Bonus Earned
                                       
Revenue
                                    14,041.68  
Profit
                                    15,427.03  
Total
                                    29,468.71  
Quarterly bonus payments will be made in the quarter following the quarter in which they are earned. Annual bonus payments will be made within 60 days following the end of the year in which they are earned. You must be actively employed by ViewCast on the date of payment to receive payment.
Agreement and Acknowledgement of Receipt
           
VIEWCAST.COM, INC.
 
   
  By:   /s/ George Platt     
         
         
   
EXECUTIVE
I , David T. Stoner, hereby acknowledge receipt of my 2007 Incentive Compensation Plan.
         
 
/s/ David T. Stoner
 
March 7, 2007
 
     Signature   Date  

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