SEC Contract Filing

Filing Date: 2015-06-11

Document Content:
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.5 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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 </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:22pt; font-family:Times New Roman" ALIGN="center"><B></B>Worldwide Sales Manager<B> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:22pt; font-family:Times New Roman" ALIGN="center"><B></B>Compensation Plan<B> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:22pt; font-family:Times New Roman" ALIGN="center"><B></B>FY 2015<B> </B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B></B>For
the period from May&nbsp;1, 2014 through July&nbsp;31, 2015<B> </B></P>

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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.0</B></TD>
<TD ALIGN="left" VALIGN="top"><B>GENERAL TERMS&nbsp;&amp; CONDITIONS</B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.1</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>INTRODUCTION</U></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This 2015 Apigee Corporation Sales Manager Compensation Plan (the
&#147;<B>Plan</B>&#148;) has been designated to maximize the earnings potential of individual sales and sales management professionals who consistently exceed their goals and thereby help the Company achieve its business objectives. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.2</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>PLAN YEAR</U></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Plan is effective May&nbsp;1, 2014 through July&nbsp;31, 2015 (the
&#147;<B>Plan Year</B>&#148;). </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.3</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>PLAN ELIGIBILITY AND PARTICIPATION</U></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Plan is applicable to all sales managers
employed by the Company (the &#147;<B>Plan Participants</B>&#148;). Each Plan Participant must confirm his or her receipt of the Plan and understanding of its provisions, agree to its term and conditions in writing, and treat the Plan as
&#145;Apigee Corporation Private&nbsp;&amp; Confidential&#146; material pursuant to the nondisclosure agreement previously executed by the Plan Participant. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each Plan Participant MUST sign the Plan Acknowledgment (<B><I>Attachment I</I></B>) and return it to the Chief Financial Officer (the
&#147;CFO&#148;). Failure to do so will result in delay, or denial, of your compensation payments and, possibly, other remedies. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.4</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>PLAN CHANGES AND DURATION</U></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Plan supersedes all prior Sales Compensation
Plans. Its terms may be modified only with the prior written approval of the CFO. While every effort will be made to hold plan changes to a minimum, the Company reserves the right to modify the Plan at any time in order to correct errors, or
omissions in the Plan or unanticipated changes to the business environment. Notices of any changes will be made in writing and may be delivered via electronic mail to all Plan Participants that are affected by such changes. </P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.5</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>PLAN INTERPRETATION</U></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Plan will be interpreted on behalf of the Company by the
Vice President of Worldwide Sales and the CFO. The Plan is not intended, and will not be construed as, an employment contract between the Company and the Plan Participant. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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