Delaware
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91-1718107
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(State or other jurisdiction of
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(IRS Employer
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incorporation)
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Identification No.)
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The available bonus for each participant is based upon the Company's achievement of three financial performance measures: (A) 20% of bonus-total revenue; (B) 20% of bonus-normalized revenue (defined as total revenue less specific volatile distribution accounts); and (C) 60% of bonus-normalized EBITDA (defined as earnings before interest, taxes, depreciation and amortization, and excluding non-cash stock compensation and non-recurring, non-operating and transitional cost items). The performance targets established for the Plan will correspond to the operating plan targets approved by the Board of Directors. Available bonuses range from zero to 150% for each component based upon actual performance ranging from zero to 135%. A minimum achievement of 80% of a performance target is required to receive any payment. The available bonus for the achievement of each performance component is independent from the achievement of the other components.
The annual bonus plan also provides discretion to the CEO to apply a multiplier ranging from 80% to 120% of the available bonus for each participant based on the satisfaction of individual performance goals approved by the Compensation Committee of the Board of Directors, so long as the CEO's adjustments have a net $0 effect. Thereafter, the bonus amounts must be approved by the Compensation Committee, which may further adjust the bonus amount as it deems appropriate to reflect changes in the industry, the Company, the executive's job duties or performance, or any other circumstance the Compensation Committee determines should impact bonus awards.
The foregoing description of Plan is qualified in its entirety by reference to the full text of the Plan, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
INFOSPACE, INC.
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Date: March 23, 2010
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By:
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/s/ Alesia Pinney
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Alesia Pinney
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General Counsel and Secretary
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Exhibit No.
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Description
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EX-10.1
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2010 Executive Bonus Plan
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