Exhibit 10.35

 

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FY05 Individual Compensation Plan

 

 

Effective Date:10/31/04 - 10/29/05

 

 

 

Type:

ý

Initial

 

 

 

 

o

Revision

 

 

NAME:

Vicki L. Andrews

 

 

TITLE:

Sr. Vice President, Worldwide Sales

 

FY05 COMPENSATION PLAN:

 

 

 

ANNUAL $

 

 

Base Salary:

 

$

350,000

 

 

 

 

 

 

 

Worldwide Bookings Bonus:

 

$

[*]

 

(paid at fiscal year-end based on FY05 results)

 

 

 

 

 

Quarterly Revenue Bonus:

 

$

[*]

 

(paid on quarterly revenue results; 25% target each quarter)

Revenue Signature Bonus:

 

$

[*]

 

(paid at fiscal year-end based on FY05 results)

 

 

$

[*]

 

 

Corporate MBO Bonus:

 

$

[*]

 

(payable at fiscal year-end)

 

 

$

[*]

 

 

Total Variable at Target:

 

$

[*]

 

 

 

 

$

[*]

 

 

Total Target Compensation at Plan:

 

$

[*]

 

 

 

I.  PLAN TARGETS:

 

 

 

1H

 

 

 

2H

 

 

 

FY05 Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Worldwide Bookings QUOTA:

 

$[*]

 

 

 

$[*]

 

 

 

$[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

FY05 Total

 

 

 

 

 

 

 

 

 

 

 

 

 

QUARTERLY REVENUE TARGET:
(adjusts to match CFO Target)

 

$[*]

 

$[*]

 

$[*]

 

$[*]

 

$[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1H

 

 

 

2H

 

 

 

FY05 Total

 

 

 

 

 

 

 

 

 

 

 

 

 

REVENUE SIGNATURE TARGET:

 

$[*]

 

 

 

$[*]

 

 

 

$[*]

 

 

II. PLAN MECHANICS

 

A.  BOOKINGS VOLUME BONUS:

 

Annual Bookings Bonus is paid at year-end on the basis of the FY05 total
Bookings achievement level, according to the FY05 Sales Commission/Bonus Policy
and the current Synopsys Sales Order Acceptance and Distribution Policy.  For
each semi-annual period when quota plan is exceeded, an additional [*] point
will be added to your annual Bookings multiplier to a maximum of [*]  additional
points.  For achieving the annual Revenue Signature target, an additional [*] 
bonus points will be added.

 

Annual Bookings Bonus is paid according to the following formula for performance
against the FY05 Annual Bookings quota:

 

% of FY05

 

 

 

 

 

 

 

Annual Target Bookings

 

Percent of Annual

 

 

 

 

 

Quota Achieved

 

Target Bonus

 

Comments

 

 

< [*]%

 

0.0%

 

 

 

 

 

 

 

 

 

 

 

 

 

[*]% - [*]%

 

[*]% - [*]%

 

[*] pts for every point

 

 

 

 

 

 

 

 

 

 

 

> [*]% - [*]%

 

[*]% - [*]%

 

[*] pts for every point

 

 

 

 

 

 

 

 

 

 

 

>[*]%

 

[*]% + [*]%

 

1H above the target: [*] bonus pts

 

* [*] bonus pts added for hitting

 

 

 

 

 

2H above the target: [*] bonus pts

 

[*]% of annual Revenue

 

 

 

 

 

 

 

Signature

 

 

1

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B.  REVENUE TARGET BONUS

 

B-1. Quarterly Revenue Bonus

 

Quarterly Revenue Bonus is paid based on achieving [*]% of the current corporate
quarterly revenue target.

 

No quarterly revenue bonus is paid unless the current quarter’s revenue target
is achieved ([*]%).

Revenue targets below will be adjusted to match current CFO target each quarter.

Quarterly Revenue Bonus is paid according to the following formula for
performance against the FY05 Quarterly Revenue Target.

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

Total

 

Plan Revenue Target
(adjusts to current CFO target)

 

$

[*]

 

$

[*]

 

$

[*]

 

$

[*]

 

$

[*]

 

Quarterly Revenue Bonus

 

$

[*]

 

$

[*]

 

$

[*]

 

$

[*]

 

$

[*]

 

 

B-2. Annual Revenue Signature Bonus

 

Annual Revenue Signature Bonus is paid based on achieving the targeted next six
(6) quarter revenue signature of the current annual orders (“Revenue Signature”)
at a minimum threshold level defined below.

 

Annual Revenue Signature Bonus is paid according to the following formula for
performance against the FY05 annual revenue target.

 

% of FY05

 

Percent of Annual

 

Annual Revenue Signature

 

Target Bonus

 

 

 

 

 

< [*]%

 

0.0%

 

[*]%

 

[*]%

 

[*]%

 

[*]%

 

[*]%

 

[*]%

 

[*]%

 

[*]%

 

[*]%

 

[*]%

 

[*]%

 

[*]%

 

[*]%

 

[*]% + [*]%

 

every [*]% step

 

[*]% + [*]% per step

 

 

NOTES:

 

This plan is subject to all provisions of the current “FY05 Synopsys
Commission/Bonus Policy” and the current “Synopsys Sales Order Acceptance
Policy”.  All elements of this plan are subject to change at any time during the
year.

 

Plan targets reflect those in place at this time.  These targets may be revised
as conditions require subject to the approval of the President/COO.

 

This plan is applicable only if the Sr. VP of Human Resources, the
President/COO, and the CEO approve.

 

SIGNATURES:

 

/s/ Vicki L. Andrews

April 20, 2005

 

 

/s/ Aart de Geus

April 20, 2005

Vicki L. Andrews

Date

 

 

Aart de Geus,

Date

Sr. Vice President, Worldwide Sales

 

 

Chairman of Board & CEO

 

 

 

 

 

 

 

 

 

 

 

/s/ Jan Collinson

April 20, 2005

 

 

/s/ Chi-Foon Chan

April 20, 2005

Jan Collinson

Date

 

 

Chi-Foon Chan,

Date

Sr. VP, Human Resources & Facilities

 

 

President & COO

 

 

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*    Represents specific quantitative or qualitative performance-related
factors, or factors or criteria involving confidential commercial or business
information, the disclosure of which would have an adverse effect on the
Registrant.

 

2

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