This bonus will be payable in a single lump sum approximately 30 days after the Effective Date. We are pleased to offer you a cash signing bonus in the amount of $8,000,000, less all applicable deductions and withholdings. The year-end bonus payment will be made in the nearest pay period following the final approval date after the completion of the fiscal year and after the Compensation Committee's review and approval of executive bonuses, but in no event later than two and a half months following the end ofģ. Your actual mid-fiscal-year bonus amount will be included in the calculation of your annual bonus, meaning that your year-end bonus payment will be equal to your calculated annual bonus amount, less any mid-fiscal-year bonus amount already paid for that fiscal year. Any mid-fiscal-year bonus will be based on the Company's forecasted annual achievement of the bonus plan’s performance metrics as of the end of the fiscal second quarter. Under current practices (which may change in the future), you will be paid a mid-fiscal-year bonus of up to 50% of your annualized target bonus, pro-rated for the time you have worked during the fiscal year. Your actual bonus amount will be based on actual achievement of Company financial goal(s), as determined by the Compensation Committee of the Board ( “ Compensation Committee ”) and prorated as of the Effective Date.
Your initial annualized target bonus will be 125% of your annual base salary. In addition, you will be eligible to participate in Splunk's Executive Bonus Plan beginning with the Executive Bonus Plan in effect for the Company’s 2023 fiscal year. Your gross base salary will be $900,000 per year, less applicable deductions and withholdings, and paid in accordance with the Company’s standard payroll practices.
0 kommentar(er)
