Exhibit 10.30

 

[g12792kmimage002.gif]

 

FY04 Individual Compensation Plan

Effective Date:5/2/04 - 10/30/04

Type:

o Initial

ý Revision

revised 6.8.04

 

NAME: Vicki L. Andrews

 

TITLE: Sr. Vice President, Worldwide Sales

 

FY04  COMPENSATION PLAN:

 

 

 

ANNUAL $

 

 

 

Base Salary:

 

$

350,000

 

 

 

 

 

 

 

 

 

Worldwide Bookings Bonus:

 

$

[*]

 

(paid at 100% of achievement, after fiscal year end)

 

 

 

 

 

 

 

Quarterly Revenue Bonus:

 

$

[*]

 

(paid for meeting quarterly target revenue)

 

Annual FYRI Revenue Bonus:

 

$

[*]

 

(payable at fiscal year-end)

 

 

 

 

 

 

 

Corporate MBO Bonus:

 

$

[*]

 

(payable at fiscal year-end)

 

 

 

 

 

 

 

Total Variable at Target:

 

$

[*]

 

 

 

 

 

 

 

 

 

Total Target Compensation at Plan:

 

$

[*]

 

 

 

 

I.  PLAN TARGETS:

 

 

Q1

 

Q2

 

Q3

 

Q4

 

FY04 Total

 

Worldwide Bookings QUOTA:

 

$

[*]

 

$

[*]

 

$

[*]

 

$

[*]

 

$

[*]

 

 

QUARTERLY REVENUE
TARGET:                                                                                               
[*]

 

II.  PLAN MECHANICS

 

A.                                    BOOKINGS VOLUME BONUS:

 

The Bookings Bonus is paid at fiscal (annual) year-end on the basis of the
bookings level achieved, according to the “Sales Commission/Bonus Policy”
(attached) and the current “Synopsys Sales Order Acceptance and Distribution
Policy” (attached).

 

Bonus is paid according to the following formula for performance against the
FY04 bookings targets:

 

In addition, for achievement of the last 3 quarter’s booking target, an
additional 1/4 of the bookings bonus will be paid after year end.

 

% of FY04
Annual Target Bookings Quota Achieved

 

Percent of Annual Target Bonus

 

Bonus Points (All 4 Qtrs Booking Target achieved)

 

Comments

 

 

 

 

 

 

 

 

 

< [*]%

 

0.0%

 

0

 

 

 

 

 

 

 

 

 

 

 

[*]% - [*]%

 

[*]% - [*]%

 

0

 

[*] pts for every point

 

 

 

 

 

 

 

 

 

>[*]% - [*]%

 

[*]% - [*]%

 

0

 

[*] pts for every point

 

 

 

 

 

 

 

 

 

>[*]%

 

[*]% + [*]%

 

[*]%

 

1 Qtr above the target: [*]%

 

 

 

 

 

 

 

2 Qtrs above the target: [*]%

 

 

 

 

 

 

 

3 Qtrs above the target: [*]%

 

 

 

 

 

 

 

4 Qtrs above the target: [*]%

 

 

1

--------------------------------------------------------------------------------

 

B.                                    REVENUE TARGET BONUS

 

The current quarterly/annual fiscal year-end revenue bonus is paid based on:

B-1.                         Achieving 100% of the current corporate quarterly
target revenue, and/or;

B-2.                         Achieving the targeted fiscal year revenue
incentive (FYRI) based on the proportion of [*] at a minimum threshold level
defined below.

B-3.                         No quarterly revenue bonus is paid unless the
current quarter’s revenue target is achieved (100%).

B-4.                         The annual year-end Revenue Target Incentive (FYRI)
is derived from the worldwide achievement of the FYRI revenue target.  (See
below)

B-4-1.              The annual year-end Revenue achievement (FYRI) is derived
from the [*] attained at the fiscal year-end.

B-4-2.              Orders eligible for FYRI are defined in the Sales
Bonus/Commission policy, section 6.2.

 

B-5.                              Quarterly and Annual Revenue Bonus Targets

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

Total

 

 

 

 

 

Plan Revenue Target

 

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarterly Revenue Bonus

 

$

[*]

 

$

[*]

 

$

[*]

 

$

[*]

 

$

[*]

 

Annual FYRI Bonus

 

 

 

 

 

 

 

 

 

$

[*]

 

 

 

 

 

 

 

 

 

Total:

 

$

[*]

 

 

B-5-1.              Annual FYRI Bonus is paid according to the following formula
for performance against the FY04 annual revenue target of $[*].

 

Target FYRI Revenue Attained

 

% of the FYRI Payout

 

Comments

 

< [*]%

 

$0

 

 

 

[*] - [*]%

 

[*] - [*]%

 

[*]% per point

 

> [*] - [*]%

 

[*]-[*]%

 

[*]% per point

 

>[*]%

 

[*]% + [*]%

 

[*]% per point

 

 

FYRI Payout Example

 

Attainment (%)

 

Payout (%)

 

Payout (Amt)

 

@ [*]

%

[*]

%

$

[*]

 

@ [*]

%

[*]

%

$

[*]

 

@ [*]

%

[*]

%

$

[*]

 

@ [*]

%

[*]

%

$

[*]

 

@ [*]

%

[*]

%

$

[*]

 

 

NOTES:

 

This plan is subject to all provisions of the current “Synopsys Commission/Bonus
Policy” (attached) and the current “Synopsys Sales Order Acceptance Policy”
(attached).  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 HR, the President/COO, and the CEO
approve.

 

SIGNATURES:

Signature below by employee acknowledges receipt of:

 

1) FY04 Individual Compensation Plan

 

2) FY04 Sales Commission/Bonus Policy

 

3) FY04 Revenue Recognition Policy

 

4) FY04 Sales Order Acceptance Policy

 

 

/s/ Vicki L. Andrews

 

 

/s/ Aart de Geus

 

Vicki L. Andrews

Date

 

Aart de Geus,

Date

Sr. Vice President, Worldwide Sales

 

 

Chairman of Board & CEO

 

 

 

 

 

 

 

 

 

 

 

/s/ Janet S. Collinson

 

 

/s/ Chi-Foon Chan

 

Janet S. Collinson

Date

 

Chi-Foon Chan,

Date

Sr. VP, Human Resources & Facilities

 

 

President & COO

 

 

--------------------------------------------------------------------------------

* 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

--------------------------------------------------------------------------------