Document:

Executive Officer FY 2008 Bonus Plan

 Exhibit 10.9 
  
 Executive Officer Fiscal Year 2008 Bonus Plan 
 VistaPrint
Limited 
 July 1, 2007 to June 30, 2008 
  
 The Executive Officer Bonus Plan (the “Plan”) will be reviewed annually and may be changed at any time by the Compensation Committee of the Board of Directors of
VistaPrint Limited (the “Company”). The Company does not guarantee that a bonus plan will exist each year, or that bonuses will be paid in any given quarter or year. The Plan does not guarantee continued employment with the Company.
The Plan is based on Company performance and the Company reserves the exclusive right to modify or terminate the Plan at its discretion at any time. For purposes of illustration and not limitation, the Company may modify its financial targets should
it participate in a business combination. 
  

	I.	Eligibility  

  
 Executive officers of the Company and its various subsidiaries, as designated by the Board of Directors of VistaPrint Limited, are eligible to participate in the Plan. The current executive officers and their target bonus
compensation under the plan are set forth in Annex A hereto. Executive officers hired or designated during fiscal year 2008 are eligible for a prorated bonus based on eligible base salary earnings for the remainder of the quarter. 

 

	II.	Participation Levels  

  
 All executive officers’ incentive bonuses will be determined in accordance with the Plan. Eligible bonus will be based on a fixed target of a given dollar amount but may be less than, equal to, or greater than the target
bonus based upon the Company’s overall performance against its financial goals. 
  

	III.	Company Goals: Revenue and Earnings Per Share (EPS) 

  
 Executive Officer bonuses shall be based solely upon the Company’s performance against quarterly and annual revenue and earnings per share goals that have been determined by
the Board of Directors of VistaPrint Limited. The EPS and the Revenue bonus goals and achievement against those goals are based on the worldwide earnings per share, excluding share based compensation expense, and the worldwide revenues of VistaPrint
Limited. 
  

	 	Ÿ
	 	 Bonuses are to be paid quarterly, approximately 30 days following the publication by management of the Company’s quarterly financial results.

  

	 	Ÿ
	 	 Target bonuses for executive officers will be allocated into two categories as follows: 50% to achievement of Revenue targets, and 50% to achievement of 

	 	 
EPS targets. Such targets shall be based upon budget targets established by the Board of Directors. 

  

	 	Ÿ
	 	 For the purposes of the bonus calculation: 

  

	 	¡	 	 “Revenue” is defined as net revenue for the consolidated whole of VistaPrint Limited and all of its subsidiaries; and 

  

	 	¡	 	 “EPS” is defined as earnings per share, on a fully diluted basis, calculated in accordance with US GAAP but excluding share based compensation expense
determined in accordance with FAS 123R, for the consolidated whole of VistaPrint Limited and all of its subsidiaries. 

  

	 	Ÿ
	 	 No quarterly executive officer bonuses will be paid for either Revenue or EPS achievements if, for that quarter, Revenue is less than 90% of budget goals; or if, for that
quarter, EPS is less than 90% of budget goals. Thereafter, bonuses will be paid for each category independently according to the tables below. 

  

							
	Revenue	 	 Earnings Per
 Share

	 % of
 Target
	 	 Bonus
 Multiplier
	 	 % of
 Target
	 	 Bonus
 Multiplier

	£89.99%
	 	0%	 	£89.99%
	 	0%
	90%	 	50%	 	90%	 	25%
	100%	 	100%	 	100%	 	100%
	105%	 	200%	 	3110%
	 	200%
	3110%
	 	300%	 		 	

  

	 	Ÿ
	 	 Interpolate a straight line between the above table entries. 

  

	 	Ÿ
	 	 Example for an executive with a total target quarterly bonus of $30,000: if Company achieves 105% of its Revenue target and 90% of EPS target, the executive gets (200% x
$15,000) + (25% x $15,000) = $33,750 actual bonus. 

  

	 	Ÿ
	 	 End-of-year true-up clause for executive officers: upon publication of audited financials for a given fiscal year, fourth quarter bonuses will be adjusted upward (or downward
as far as zero Q4 bonus) so that the full-year actual bonuses paid reflect the full-year actual results achieved. 

 ANNEX A 
  
 To Executive Officer Fiscal Year 2008 Bonus Plan 
  
 Executive Officers and Target and Maximum Bonuses 
  

									
	 Executive
Officer
	  	 	  	Target
     Quarterly Bonus    
	  	Target
   Annual  
Bonus
	  	Maximum
 Annual
Bonus

	 Robert Keane
	  	 President, CEO
	  	$103,750	  	$415,000	  	$1,037,500
	 Wendy Cebula
	  	 EVP, Chief Operating Officer
	  	$37,500	  	$150,000	  	$375,000
	 Anne Drapeau
	  	 EVP, Chief People Officer
	  	$37,500	  	$150,000	  	$375,000
	 Harpreet Grewal
	  	 EVP, Chief Financial Officer
	  	$37,500	  	$150,000	  	$375,000
	 Janet Holian
	  	 EVP, Chief Marketing Officer
	  	$37,500	  	$150,000	  	$375,000Non-Competition and Non-Solicitation Agreement

 Exhibit 10.22 
  
 NON-COMPETITION AND NON-SOLICITATION AGREEMENT 
  
 This Agreement is made between VistaPrint USA, Incorporated, a Delaware corporation (hereinafter referred to collectively with its parent company, affiliates and
subsidiaries as the “Company”), and Harpreet Grewal. 
  
 For good consideration and in consideration of the employment or continued employment of the Employee by the Company, the Employee and the Company agree as follows: 
  
 1.      Non-Competition and Non-Solicitation. While the Employee is employed by the Company and
for a period of one year after the termination or cessation of such employment for any reason, the Employee will not directly or indirectly: 
  
 (a)        Engage in any business or enterprise (whether as owner, partner, officer, director, employee, consultant,
investor, lender or otherwise, except as the holder of not more than 1% of the outstanding stock of a publicly-held company) that is competitive with the Company’s business, including but not limited to any business or enterprise that develops,
manufactures, markets, or sells any product or service that competes with any product or service developed, manufactured, marketed, sold or provided, or planned to be developed, manufactured, marketed, sold or provided, by the Company while the
Employee was employed by the Company; 
  
 (b)        Either alone or in association with others, sell or attempt to sell to any person or entity that was, or to whom the Company had made or received a proposal to become, a customer or client
of the Company at any time during the term of the Employee’s employment with the Company, any products or services which are competitive with any products or services developed, manufactured, marketed, sold or provided by the Company; or

  
 (c)        Either alone or in
association with others (i) solicit, or permit any organization directly or indirectly controlled by the Employee to solicit, any employee of the Company to leave the employ of the Company, or (ii) solicit for employment, hire or engage as
an independent contractor, or permit any organization directly or indirectly controlled by the Employee to solicit for employment, hire or engage as an independent contractor, any person who was employed by the Company at the time of the termination
or cessation of the Employee’s employment with the Company; provided, that this clause (ii) shall not apply to any individual whose employment with the Company has been terminated for a period of six months or longer at the time of
such solicitation, hiring or engagement. 
  
 2.      Miscellaneous. 
  
 (a)        Extension. If the Employee violates the provisions of Section 1, the Employee shall continue to be bound by the restrictions set forth in Section 1 until a period of one
year has expired without any violation of such provisions. 
  
 (b)        Not Employment Contract. The Employee acknowledges that this Agreement does not constitute a contract of employment, does not imply that the Company will continue his/her employment
for any period of time and does not change the at-will nature of his/her employment. 
  
 (c)        Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of both parties and their respective successors and assigns, including any
corporation with which, or into which, the Company may be merged or which may succeed to the Company’s assets or business, provided, however, that the obligations of the Employee are personal shall not be assigned by him or her. Notwithstanding
the foregoing, if the Company is merged with or into a third party which is engaged in multiple lines of business, or if a third party engaged in multiple lines of business succeeds to the Company’s 

 
assets or business, then for purposes of Section 1(a), the term “Company” shall mean and refer to the business of the Company as it existed immediately
prior to such event and as it subsequently develops and not to the third party’s other businesses. 
  
 (d)        Interpretation. If any restriction set forth in Section 1 is found by any court of competent
jurisdiction to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted to extend only over the maximum period of time, range of activities
or geographic area as to which it may be enforceable. 
  
 (e)        Severability. In case any provision of this Agreement shall be invalid, illegal or otherwise unenforceable, the validity, legality and enforceability of the remaining provisions
shall in no way be affected or impaired thereby. 
  
 (f)        Waivers. No delay or omission by the Company in exercising any right under this Agreement will operate as a waiver of that or any other right. A waiver or consent given by the
Company on any one occasion is effective only in that instance and will not be construed as a bar to or waiver of any right on any other occasion. 
  
 (g)        Equitable Remedies. The restrictions contained in this Agreement are necessary for the protection of the
business and goodwill of the Company and are considered by the Employee to be reasonable for such purpose. The Employee agrees that any breach of this Agreement is likely to cause the Company substantial and irrevocable damage which is difficult to
measure. Therefore, in the event of any such breach or threatened breach, the Employee agrees that the Company, in addition to such other remedies which may be available, shall have the right to obtain an injunction from a court restraining such a
breach or threatened breach and the right to specific performance of the provisions of this Agreement and the Employee hereby waives the adequacy of a remedy at law as a defense to such relief. 
  
 (h)        Governing Law. This
Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts (without reference to the conflicts of laws provisions thereof). Any action, suit, or other legal proceeding which is commenced to resolve
any matter arising under or relating to any provision of this Agreement shall be commenced only in a court of the Commonwealth of Massachusetts (or, if appropriate, a federal court located within Massachusetts), and the Company and the Employee each
consents to the jurisdiction of such a court. The Company and the Employee each hereby irrevocably waive any right to a trial by jury in any action, suit or other legal proceeding arising under or relating to any provision of this Agreement.

  
 (i)        Amendment.
This Agreement may be amended or modified only by a written instrument executed by both an authorized officer of the Company and the Employee. 
  
 (j)        Captions/Counterparts. The captions of the sections of this Agreement are for convenience of reference
only and in o way define, limit or affect the scope or substance of any section of this Agreement. This Agreement may be executed in any number of counterparts, each of which will be deemed an original and all of which taken together shall be deemed
one and the same instrument. 
  
 THE EMPLOYEE ACKNOWLEDGES THAT HE/SHE HAS
CAREFULLY READ THIS AGREEMENT AND UNDERSTANDS AND AGREES TO ALL OF THE PROVISIONS IN THIS AGREEMENT. 
  

			
		 	 VISTAPRINT USA, INCORPORATED

		
	Date:                                     
                     	 	 By: /s/ Colleen
Fuller                    

		 	 Colleen Fuller, Manager Human Resources

		
	Date:                                     
                     	 	 By: /s/ Harpreet
Grewal               
 Harpreet Grewal

  

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