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Exhibit 10.34

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# Tom Manley

# Senior Vice President,
Finance and Administration and Chief Financial OfficerFY06 Compensation Plan

Effective Date: March
1, 2005 to February 28, 2006

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# Compensation Elements
(All In US $)

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| |  |                                   |  |          | 
| |  | --------------------------------- |  | -------- | 
| |  | Annual Base Salary                |  | $350,000 | 
| |  | Annual Incentive @ 100%           |  | $250,000 | 
| |  | Annual Total Target Income @ 100% |  | $600,000 | 

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# General Terms

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This package contains the details of your compensation plan for FY06. All compensation amounts are in US dollars.

|1) |  | The
Human Resources Committee of the Cognos Board of Directors approved these           terms
on June 22, 2005.
|-- |  | ---------------------------------------------------------------------------------------------------------------

|2) |  | Your
actual FY06 incentive award will be determined by multiplying your annual
          incentive amount by the final FY06 approved corporate factor as determined by
          the Share in Success (SIS) company performance results. A copy of the FY06
          approved SIS executive grid is attached.
|-- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|3) |  | For
payroll purposes your approved annual base salary will be converted to           Canadian
dollars using the month-end foreign exchange rate for February 2005.           This rate
is US $1 = CDN $ 1.2314. Therefore, your payroll rate will be CDN           $430,990 for
FY06.
|-- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4) |  | Your
FY06 incentive award will be calculated in US dollars and, for payment
          purposes, converted to Canadian dollars using the same standard foreign
exchange           rate used for your annual base salary conversion.
|-- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|5) |  | To
be eligible to receive an FY06 incentive award you must remain employed by           the
company on February 28, 2006.
|-- |  | -------------------------------------------------------------------------------------------------------------------------

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# FY06 Executive
Incentive Grid (Share in Success Plan)

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The grid is designed to reward
achievement of plan on both metrics (Operating Margin and Revenue), and to discourage the
achievement of one metric at the expense of the other. If threshold performance is not
achieved on either metric, the payout is nil. There is a cap of 400% on the overall level
of payout.

# PAYOUT AS PERCENTAGE OF TARGET INCENTIVE

EXECUTIVE INCENTIVE
GRID (DESCRIBED ABOVE) INTENTIONALLY DELETED

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