Document:

Exhibit 10.1

OPTIUM CORPORATION

EXECUTIVE OFFICER

FISCAL YEAR BONUS PLAN

Approved December
12, 2006

Amended March 3, 2007

I.  THE PLAN

The eligible
participants (each, a “Participant”) in the Optium Corporation (the “Company”)
Fiscal Year Executive Officer Bonus Plan (the “Plan”) shall initially be Chief
Executive Officer Eitan Gertel, Senior Vice President of Engineering and
General Manager Mark Colyar, Chief Financial Officer David Renner, Vice
President of Sales and Marketing Anthony Musto and General Counsel and Vice
President of Corporate Development Christopher Brown. The Plan will be
effective for fiscal year 2007. The Compensation Committee may add any Company
employee at the Vice President level and above to the Plan as a Participant at
any time.

II. EXECUTIVE OFFICER
ANNUAL BONUS

Each Participant
will be eligible to receive a bonus for an applicable fiscal year based on the
Company’s achievement of targets adopted by the Compensation Committee for
Company revenue and non-GAAP operating profit (the “Metrics”) for the fiscal
year. The maximum bonus amount that each Participant will be eligible for under
the Plan during an applicable fiscal year shall be as follows:

	
  Target Achievement

  	
   

  	
  Maximum
  Annual Bonus Amount

  
	
  100% of Targets

  	
   

  	
  30% of annual salary rate at time

  
	
  130% of Targets

  	
   

  	
  60% of annual salary rate at time

  
	
  150% of Targets

  	
   

  	
  100% of annual salary rate at time

  

 

Key aspects of the
operation of this Section II are:

·                  Bonuses
under this Section II will be payable semi-annually, but tracked on an annual
basis. For example, if 130% of Metrics targets are met for the first and second
fiscal quarter, a Participant shall be eligible to receive a maximum
semi-annual bonus of 30% of annual salary rate (1/2 of the 60% maximum annual
bonus for meeting the 110% Metrics targets), but if only 100% of the Metrics
targets are ultimately met for the full fiscal year, the Participant’s maximum
bonus payment for the second half of the fiscal year will be $0.00 so that, on
an annual basis, the Participant will have been eligible to receive maximum
total bonuses for the fiscal year of 30% of annual salary rate; provided, that
in no event shall a Participant be required to re-pay any previously paid bonus
amount;

·                  Payment
of a semi-annual bonus amount at less than the maximum permissible amount shall
not limit the Compensation Committee from making total bonus 

 

payments under this Section II to a Participant in any
fiscal year of up to 100% of the maximum annual bonus amount determined above;

·                  Between
100% and 130% performance, the maximum bonus award is linearly interpolated
with the range of 30% to 60% and between 130% and 150% performance, the maximum
bonus award is linearly interpolated with the range of 60% and 100%, in each
case to determine the final maximum bonus amount for each Participant for the
semi-annual bonus period;

·                  In
each case, achievement of the target for each of the Metrics shall be weighed
equally for each bonus measurement period (e.g., if 110% of revenue Metric is
met and 100% of operating profit Metric is met, the maximum bonus amount for
the period would be 35% of annual salary rate at the time);

·                  Forty
percent of each bonus payment amount for each Participant shall be
discretionary (i.e., any bonus payment indicated by the chart above may be
reduced by up to 40%) with the final award determined the Compensation
Committee; provided that, notwithstanding the foregoing, 100% of the maximum
bonus amount for a fiscal year for each Participant shall be discretionary in
the event that the Company performs at less that 100% of any publicly-announced
forecast for one or more of the Metrics in any quarter of the applicable fiscal
year; and

·                  For
performance during any bonus measurement period of at or above 90% but below
100% of Metrics targets:

·                  at
90% performance, the annualized maximum bonus amount will be 20% of annual
salary rate at the time;

·                  for
performance above 90% but below 100% of Metrics targets, the maximum

·                  bonus
amount will be determined by linear interpolation with the annualized
percentage of annual salary rate equal being to 30% at 100% of Metrics targets;
and

·                  100%
of the maximum bonus amount for each Participant shall be discretionary in the
event of performance at or above 90% but below 100% of Metrics targets (i.e.,
any bonus payment indicated by the method above may be reduced by up to 100%)
with the final award determined the Compensation Committee.

III. CHIEF EXECUTIVE
OFFICER ADDITIONAL BONUS

In addition to the
semi-annual bonus amounts that the Company’s Chief Executive Officer is
eligible to receive under Section II above, the Chief Executive Officer will be
eligible to receive an additional annual bonus of up to $350,000. A pro rata
portion of any such additional bonus amount shall be paid semi-annually.
Payment 

 2
 

 

of this additional bonus amount shall be 100%
discretionary with the final award determined the Compensation Committee. In
determining the size, if any, of this additional bonus amount, the Compensation
Committee will consider the Company’s achievement in strategic development,
investor relations, human resources and corporate citizenship, as well as the
Company’s stock trading price performance, in each case during the applicable
fiscal year.

IV. VICE PRESIDENT OF
SALES AND MARKETING ADDITIONAL BONUS

In addition to the
semi-annual bonus amounts that the Company’s Vice President of Sales and
Marketing is eligible to receive under Section II above, the Vice President of
Sales and Marketing will be eligible to receive an additional quarterly bonus
of up to $10,000 per fiscal quarter. Any such bonus amount shall be paid
semi-annually with respect to the two most recently completed fiscal quarters. Payment
of this additional bonus amount shall be 100% discretionary with the final
award determined the Compensation Committee. In determining the size, if any,
of each additional quarterly bonus amount, the Compensation Committee will
consider the Company’s achievement in product order development during the
applicable fiscal quarter.

V. ADDITIONAL ELIGIBILITY
REQUIREMENTS

Additional
eligibility requirements to receive any bonus payments under the Plan include:

·                  Any
bonus amount payable under the Plan shall be pro-rated with respect to any
Participant for the portion of the bonus measuring period that the Participant
has been employed by the Company or has been included as a Participant in the
Plan by the Committee, whichever is less; and

·                  To
be eligible to receive a bonus payment under the Plan, a Participant must be
employed by the Company on the date the date the applicable bonus is actually
paid.

VI. AMENDMENT; OTHER
PLANS AND INTERPRETATION

The Plan may be
amended or modified by the Compensation Committee at any time. Interpretation
of the Plan by the Compensation Committee shall be final. In addition, the
Compensation Committee shall not be limited in creating additional bonus plans
applicable to one or more Participants under this Plan or in paying other
bonuses to one or more Participants.

 3Exhibit 10.2

OPTIUM CORPORATION

Employee Notice of Grant of Non-Qualified Stock
Option

Asha
Acharya (the “Optionee”) has been granted
an option (the “Option”) to
purchase certain shares of Optium Corporation  common
stock (the “Stock”) pursuant to the Optium
Corporation 2006 Stock Option and Incentive Plan, as amended (the “Plan”), as follows:

	
  Grant Date:

  	
   

  	
   

  
	
  Number of Option Shares:

  	
   

  	
   

  
	
  Option Exercise Price per
  Share:

  	
   

  	
  $    (AU$        as
  of Grant Date)

  
	
  Expiration Date:

  	
   

  	
   

  
	
  Tax Status of Option:

  	
   

  	
  Non-Qualified

  

 

Vested Shares:  Except as provided in Stock Option Agreement,
and provided that the Optionee’s employment by the Company or any of its
subsidiaries has not terminated prior to any applicable vesting date, the
shares will vest 25% on [               ,
20    ] and 2.08% monthly thereafter with the final vesting
occurring on [                 ,
20    ]. Fractional shares are not exercisable until
fractional shares equal a whole share.

Under no circumstances
may options granted to any employee of Optium Australia be exercised until the
Corporation’s Common Stock has been publicly quoted on NASDAQ for one year from
the date of grant or another exemption under Australian securities laws is
available.  This Notice and the enclosed Plan, the
Option Agreement, Plan Summary and Final Initial Public Offering Prospectus do
not take into account your individual investment objectives, financial
situation or particular needs. You should obtain independent financial and
taxation advice before making a decision about accepting this grant of
Non-Qualified Stock Options. Please also refer to the Plan Summary for details
of any taxes or stamp duty payable if you accept the offer of Non-Qualified
Stock Options under this Notice.

Upon exercise by the
Grantee, any certificate representing the shares of non-voting common stock
shall bear the following legends:

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OR APPLICABLE STATE
SECURITIES LAWS. THESE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT
WITH A VIEW TO DISTRIBUTION OR RESALE, AND MAY NOT BE SOLD, MORTGAGED, PLEDGED,
HYPOTHECATED OR OTHERWISE TRANSFERRED OR DISPOSED OF WITHOUT AN EFFECTIVE
REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER THE SECURITIES ACT OF 1933 AND
APPLICABLE STATE SECURITIES LAWS, OR THE AVAILABILITY OF AN EXEMPTION FROM THE
REGISTRATION PROVISIONS OF THE SECURITIES ACT OF 1933 AND APPLICABLE STATE
SECURITIES LAWS.”:

“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED
AND SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF WITHIN THE UNITED STATES OR TO,
OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (A) AS PART OF YOUR DISTRIBUTION
AT ANY TIME OR (B) OTHERWISE UNTIL 40 DAYS AFTER CLOSING DATE, EXCEPT IN EITHER
CASE IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT (OR RULE 144A OR
TO ACCREDITED INSTITUTIONS IN TRANSACTIONS THAT ARE EXEMPT FROM THE
REGISTRATION REQUIREMENTS OF THE SECURITIES 

 

ACT), AND IN CONNECTION WITH ANY SUBSEQUENT SALE BY
YOU OF THE SECURITIES REPRESENTED HEREBY IN RELIANCE ON REGULATION S UNDER THE
SECURITIES ACT DURING THE PERIOD REFERRED TO ABOVE TO ANY DISTRIBUTOR, DEALER
OR PERSON RECEIVING A SELLING CONCESSION, FEE OR OTHER REMUNERATION, YOU MUST
DELIVER A NOTICE TO SUBSTANTIALLY THE FOREGOING EFFECT. TERMS USED ABOVE HAVE
THE MEANINGS ASSIGNED TO THEM IN REGULATION S OF THE SECURITIES ACT.”

“THE ISSUER WILL REFUSE TO REGISTER ANY TRANSFER OF
SECURITIES NOT MADE IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT
TO REGISTRATION UNDER THE SECURITIES ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM REGISTRATION; PROVIDED, HOWEVER, THAT IF THE SECURITIES ARE IN BEARER FORM
OR FOREIGN LAW PREVENTS THE ISSUER FROM REFUSING TO REGISTER STOCK TRANSFERS,
OTHER REASONABLE PROCEDURES ARE IMPLEMENTED TO PREVENT ANY TRANSFER OF ISSUER’S
STOCK NOT MADE IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S.”

By their signatures below, the Company and the
Optionee agree that the Option is governed by this Notice and by the provisions
of the Plan and the Non-Qualified Stock Option Option Agreement, both of which
are attached to and made a part of this document. The Optionee acknowledges
receipt of a copy of the Plan and the Option Agreement, represents that the
Optionee has read and is familiar with their provisions, and hereby accepts the
Option subject to all of their terms and conditions. In the event that there is
a conflict between the Option Agreement and this Notice, the terms of Option
Agreement shall govern. This Notice may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which shall
constitute one and the same document.

	
  OPTIUM CORPORATION

  	
   

  
	
  By:

  	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  	
   

  
	
   

  	
  Address:

  	
  500 Horizon Drive,
  Suite 505 

  	
   

  	
  Address:

  
	
   

  	
  Chalfont, PA 18914

  	
   

  
	
  ATTACHMENTS:

  	
  Optium Corporation 2006
  Stock Option and Incentive Plan, as amended through the Grant Date, Option Agreement,
  Plan Summary and Final Initial Public Offering Prospectus

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