Document:

Exhibit

Exhibit 10.2

Summary of the Registrant's Compensatory Arrangements with Executive Officers

	
			
	Name and Title
	 
	Base Salary for 2016

	F. Thomson Leighton
Chief Executive Officer
	 
	$1

	James Benson
Chief Financial Officer
	 
	$450,000

	Robert Blumofe
Executive Vice President - Platform
	 
	$430,000

	James Gemmell
Executive Vice President - CHRO
	 
	$400,000

	Melanie Haratunian
Executive Vice President and General Counsel
	 
	$430,000

	Robert Hughes
President - Worldwide Operations 
	 
	$530,000

	Rick McConnell
President - Products and Development
	 
	$530,000

	William Wheaton
EVP - Media
	 
	$420,000Exhibit

Exhibit 10.22

Akamai Technologies, Inc.
Form of Executive Bonus Plan

Name:                                 Performance Period: FY 2016
Title:    

This 2016 Executive Bonus Plan sets forth your annual compensation for 2016 based on the achievement of certain corporate and individual performance objectives. In order to receive your annual cash incentive bonus, you must be an employee and a member of the CEO’s staff throughout all of 2016 and the corporate and individual objectives must be met, as described more thoroughly below. The Compensation Committee will resolve all questions arising in the administration, interpretation and application of this plan, and the Compensation Committee’s determination will be final and binding on all concerned.  Where permitted by applicable law, the Compensation Committee reserves the right to modify, at its discretion and at any time, the terms of this plan, including, but not limited to, the performance objectives, targets, and payouts. 

Annual Compensation Levels at Target Performance
	
		
	Base salary:
	$____________

	Annual cash incentive bonus at target:
	$____________

	Total Cash Compensation at target:
	 $____________

Performance Objectives/Targets

Your 2016 cash incentive bonus is comprised of two components:  corporate financial performance during Fiscal Year 2016 against a non-GAAP revenue target (50%) (the “Revenue Component”), corporate financial performance during Fiscal Year 2016 against a non-GAAP operating income target (50%) (the “Operating Income Component” and together with the Revenue Component, the “Financial Components”). The method for calculating corporate financial performance used to determine the Financial Components is described in the attached Schedule 1.  In the event of any question as to whether the components of the Financial Components have been satisfied, the Compensation Committee shall make such determination.  The Compensation Committee also has the authority to make downward discretionary changes to the payout amount. The amounts payable to you under the Financial Components are as follows:

Akamai Performance Against
Target from Schedule 1  For performance at intermediate percentages not specified, the amount paid shall be calculated based on where actual performance falls on the “slope” between the two identified tiers.
Amount Payable to You

90% of Target        0% of Component ($___________)
100% of Target:        100% of Component ($____________)
110% or greater of Target:        200% of Component ($____________)

In addition to the performance metrics described above, the Compensation Committee has determined that, with respect to certain executives, including you, the annual bonus payment will be limited to a specified percentage of the Company’s operating income.  In no event will the annual bonus payment hereunder exceed the percentage of operating income allocated to you, as certified in writing by the Compensation Committee within thirty (30) days following the filing of Akamai’s SEC 10-K filing for FY 2016.  Further, to the extent that your employment with the Company is terminated under circumstances that would entitle you to benefits under the Company’s Executive Severance Pay Plan (the “Plan”), any payment of a lump sum bonus to you pursuant to Section 5(b) of the Plan will be subject to the operating income allocation established by the Compensation Committee and will be made to you 

only after the Compensation Committee has certified the percentage of operating income allocated to you in accordance with the preceding sentence.

The payment of any annual incentive bonus will be made to you promptly following the Compensation Committee’s written certification of the amount payable hereunder described in the preceding paragraph, but no later than March 15, 2017.

Acceptance:        __________________________            ________________
           Date

Approved by:        __________________________            ________________
Date
SCHEDULE 1
CORPORATE FINANCIAL PERFORMANCE MEASUREMENT METHODOLOGY
A.    Overview; Definitions    

The target amount for payment at 100% of the Revenue Component is $_____ million. The target amount for payment at 100% of the Non-GAAP Operating Income Component is $_______ million. 

For purposes of this Agreement, such metrics shall have the following meanings:

“Revenue” shall mean the Company’s consolidated revenue for fiscal year 2016 calculated in accordance with generally accepted accounting principles in the United States (US) of America and adjusted for constant currency (defined as revenue denominated in US dollars plus revenue denominated in foreign currencies converted to US dollars at 2016 budgeted foreign currency exchange rates) and other non-recurring or unusual items that may arise from time to time.

“Non-GAAP Operating Income” shall mean the Company’s consolidated annual operating income for fiscal year 2016, which is income from operations before income taxes, interest income, interest expense and other income/expense, adjusted for items excluded by the Company in determining non-GAAP earnings including amortization of acquired intangible assets; stock-based compensation; amortization of capitalized stock-based compensation; amortization of capitalized interest expense; other operating expenses (comprised of acquisition-related costs, restructuring charges, gains and losses on legal settlements and costs incurred with respect to Akamai's internal investigation relating to sales practices in a country outside the U.S.); and other non-recurring or unusual items that may arise from time to time. Non-GAAP operating income will be adjusted for constant currency.

If, on December 31, 2016, the Company is required to make periodic reports under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the Company’s consolidated financial statements filed with the Securities and Exchange Commission on Form 10-K shall constitute its “Public Company Financial Statements” and shall apply.  If, on December 31, 2016, the Company is not required to make periodic reports under the Exchange Act, the Company’s regularly prepared annual audited financial statements prepared by management shall be its “Private Company Financial Statements” and shall apply.  The Public Company Financial Statements or Private Company Financial Statements, as applicable, may be referred to herein as the “2016 Financial Statements.”

B.    Effect of an Acquisition or Disposition by Akamai

In the event that Akamai closes an Acquisition Transaction or Disposition Transaction during 2016, the Compensation Committee shall make adjustments to affected performance targets to give effect to the expected impact on such targets of the applicable Acquisition Transaction or Disposition Transaction (including whether it is accretive or not) based on management’s good faith estimate of the projected impact as presented to the Board of Directors and/or Compensation Committee.  An “Acquisition Transaction” means (i) the purchase of more than 50% of the voting power of an entity, (ii) any merger, reorganization, consolidation, recapitalization, business combination, liquidation, dissolution or share exchange involving Akamai and an entity not previously owned by 

Akamai, or (iii) the purchase or other acquisition (including, without limitation, via license outside of the ordinary course of business or joint venture) of assets that constitute more than 50% of another entity’s total assets or assets that account for more than 50% of the consolidated net revenues or net income of such entity.  A “Disposition Transaction” means the sale of a division, business unit or set of business operations and/or related assets to a third party.

All determinations of the Compensation Committee regarding the estimated impact of an Acquisition Transaction shall be final, binding and non-appealable.  The cumulative impact of all Acquisition Transactions shall be set forth in a statement delivered upon payment, if any, of the bonus contemplated by this plan.  This plan shall be deemed to be automatically amended, without further action by the Company or the executive, to give effect to any adjustments required by this Section B.Exhibit

Exhibit 10.19

EXELIXIS, INC.
NON-EMPLOYEE DIRECTOR EQUITY COMPENSATION POLICY
ADOPTED BY THE BOARD OF DIRECTORS:  FEBRUARY 28, 2014
AMENDED BY THE SPECIAL COMMITTEE OF THE BOARD OF DIRECTORS:  MARCH 28, 2014
AMENDED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS:  OCTOBER 14, 2014
AMENDED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS:  JANUARY 4, 2016
Each member of the board of directors (the “Board”) of Exelixis, Inc. (the “Company”) who is not an Employee (as defined in the Exelixis, Inc. 2014 Equity Incentive Plan (the “2014 Plan”)) (each, a “Non-Employee Director”) will be eligible to receive equity compensation as set forth in this Exelixis, Inc. Non-Employee Director Equity Compensation Policy (this “Policy”).  The Initial Option Grants (as defined below) and the Annual Option Grants (as defined below) described in this Policy will be granted automatically and without further action of the Board to each Non-Employee Director who is eligible to receive such equity compensation, unless such Non-Employee Director declines the receipt of such equity compensation by written notice to the Company.  This Policy will become effective on the date of the annual meeting of the Company’s stockholders held in 2014, provided that the 2014 Plan is approved by the Company’s stockholders at such annual meeting, and will remain in effect until it is revised or rescinded by further action of the Board.  Capitalized terms not explicitly defined in this Policy but defined in the 2014 Plan will have the same definitions as in the 2014 Plan.
The equity grants described in this Policy will be granted under the 2014 Plan and will be subject to the terms and conditions of (i) the 2014 Plan and (ii) the forms of grant notices and agreements approved by the Board for the grant of equity to Non-Employee Directors.
(a)     Initial Grants.  Each person who is elected or appointed for the first time to be a Non-Employee Director automatically will be granted, upon the date of his or her initial election or appointment to be a Non-Employee Director, a nonstatutory stock option to purchase 65,000 shares of Common Stock (an “Initial Option Grant”).
(b)     Annual Grants.  On the day following each annual meeting of the Company’s stockholders, each person who is then a Non-Employee Director automatically will be granted a nonstatutory stock option to purchase 40,000 shares of Common Stock (an “Annual Option Grant”).  
(c)     Terms of Options.

 

 

(i)    Exercise Price.  The exercise price of each Initial Option Grant and Annual Option Grant will be equal to 100% of the Fair Market Value of the Common Stock subject to such option on the date such option is granted.
(ii)     Exercisability and Vesting.  Subject to Section (e) below, each Initial Option Grant and Annual Option Grant will be fully exercisable upon grant and will vest as follows: 
(A)     Each Initial Option Grant will provide for vesting of 1/4th of the shares subject to such option 12 months after the date of grant and 1/48th of the shares subject to such option each month thereafter, subject to the Non-Employee Director’s Continuous Service through such dates.  
(B)     Each Annual Option Grant will provide for vesting of 1/12th of the shares subject to such option each month after the date of grant, subject to the Non-Employee Director’s Continuous Service through such dates.
(d)     2016 Restricted Stock Unit Grants.  On the day specified by the Compensation Committee of the Board, each person who is then a Non-Employee Director automatically will be granted a restricted stock unit award in lieu of cash compensation, including retainer fees, chair retainer fees, regular meeting fees and special meeting fees, for the Company’s 2016 fiscal year (a “2016 RSU Grant”).  The number of shares subject to each 2016 RSU Grant will be determined by the Compensation Committee of the Board and 1/4th of the shares subject to each 2016 RSU Grant will vest on each of the following dates: April 1, 2016, July 1, 2016, September 30, 2016 and December 30, 2016, subject to the Non-Employee Director’s Continuous Service through such dates.  
(e)     Corporate Transaction.  The provisions in this Section (e) will apply to each Initial Option Grant, Annual Option Grant, 2016 RSU Grant and any other equity award granted to a Non-Employee Director under the 2014 Plan (an “Other Equity Grant”) and will supersede Section 9(c) of the 2014 Plan in its entirety. 
(i)    Asset Sale, Merger, Consolidation or Reverse Merger.  In the event of (i) a sale, lease or other disposition of all or substantially all of the assets of the Company, (ii) a merger or consolidation in which the Company is not the surviving corporation or (iii) a reverse merger in which the Company is the surviving corporation but the shares of Common Stock outstanding immediately preceding the merger are converted by virtue of the merger into other property, whether in the form of securities, cash or otherwise, then any surviving corporation or acquiring corporation shall assume any Stock Awards outstanding under the 2014 Plan or shall substitute similar stock awards (including awards to acquire the same consideration paid to the stockholders in the transaction described in this Section (e)(i) for those outstanding under the 2014 Plan).  In the event any surviving corporation or acquiring corporation refuses to assume such Stock Awards or to substitute similar stock awards for those outstanding under the 2014 Plan, then with respect to Stock Awards held by Participants whose Continuous Service has not terminated prior to consummation of such event, the vesting of such Stock Awards and any shares of Common Stock acquired under such Stock Awards (and, if applicable, the time during which such Stock Awards may be exercised) shall be accelerated in full, and the Stock Awards shall terminate if not exercised at or prior to 

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consummation of such event. With respect to any other Stock Awards outstanding under the 2014 Plan, such Stock Awards shall terminate if not exercised prior to consummation of such event.
(ii)    Securities Acquisition.  In the event of an acquisition by any person, entity or group within the meaning of Section 13(d) or 14(d) of the Exchange Act, or any comparable successor provisions (excluding any employee benefit plan, or related trust, sponsored or maintained by the Company or an Affiliate) of the beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act, or comparable successor rule) of securities of the Company representing at least fifty percent (50%) of the combined voting power entitled to vote in the election of Directors and provided that such acquisition is not a result of, and does not constitute a transaction described in, Section (e)(i) above, then with respect to Stock Awards held by Participants whose Continuous Service has not terminated prior to consummation of such event, the vesting of such Stock Awards and any shares of Common Stock acquired under such Stock Awards (and, if applicable, the time during which such Stock Awards may be exercised) shall be accelerated in full.
(f)     Change in Control.  Section 9(d)(i) of the 2014 Plan will not apply to any Initial Option Grant, Annual Option Grant, 2016 RSU Grant or Other Equity Grant.

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