SEC Contract Filing

Filing Date: 2024-02-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.20
<SEQUENCE>3
<FILENAME>ttgt-ex10_20.htm
<DESCRIPTION>EX-10.20
<TEXT>
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 <title>EX-10.20</title>
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 <div style="padding-top:0.5in;min-height:1.44in;box-sizing:border-box;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><img src="img13646238_0.jpg" alt="img13646238_0.jpg" style="width:111px;height:58px;">&#160;</p></div>
 <p style="margin-left:73.333%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><font style="color:#333333;white-space:pre-wrap;font-weight:bold;font-size:10.5pt;font-family:Arial;min-width:fit-content;">Exhibit 10.20</font></p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:left;"><font style="white-space:pre-wrap;font-size:24pt;font-family:Arial;min-width:fit-content;">&#160;</font></p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:left;"><font style="color:#008080;white-space:pre-wrap;font-weight:bold;font-size:24pt;font-family:Arial;min-width:fit-content;">2023 Executive Incentive Bonus Plan</font><font style="color:#008080;white-space:pre-wrap;font-weight:bold;font-size:24pt;font-family:Arial;min-width:fit-content;"> </font></p>
 <div style="margin-left:3.333%;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:12pt;min-width:3.333%;text-align:left;"><font style="color:#333333;white-space:pre-wrap;font-weight:bold;text-decoration:underline;font-size:10.5pt;font-family:Arial;min-width:3.447919145106397%;display:inline-flex;justify-content:flex-start;">1.</font><div style="width:100%;display:inline;"><font style="color:#333333;white-space:pre-wrap;font-weight:bold;text-decoration:underline;font-size:10.5pt;font-family:Arial;min-width:fit-content;">Purpose</font></div></div>
 <p style="text-indent:6.667%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><font style="color:#333333;white-space:pre-wrap;font-size:10.5pt;font-family:Arial;min-width:fit-content;">This 2023 Executive Incentive Bonus Plan (the &#x201c;Plan&#x201d;) is intended to provide an incentive for superior work and to motivate eligible executives of TechTarget, Inc. (the &#x201c;Company&#x201d;) toward even higher achievement and business results, to tie their goals and interests to those of the Company and its stockholders and to enable the Company to attract and retain highly qualified executives. The Plan is for the benefit of Covered Executives (as defined below).</font></p>
 <p style="text-indent:6.667%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#333333;white-space:pre-wrap;font-size:10.5pt;font-family:Arial;min-width:fit-content;"> </font></p>
 <div style="margin-left:3.333%;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:12pt;min-width:3.333%;text-align:left;"><font style="color:#333333;white-space:pre-wrap;font-weight:bold;text-decoration:underline;font-size:10.5pt;font-family:Arial;min-width:3.447919145106397%;display:inline-flex;justify-content:flex-start;">2.</font><div style="width:100%;display:inline;"><font style="color:#333333;white-space:pre-wrap;font-weight:bold;text-decoration:underline;font-size:10.5pt;font-family:Arial;min-width:fit-content;">Covered Executives</font></div></div>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><font style="color:#333333;white-space:pre-wrap;font-size:10.5pt;font-family:Arial;min-width:fit-content;"> From time to time, the Compensation Committee of the Board of Directors of the Company (the &#x201c;Committee&#x201d;) may select certain key executives (the &#x201c;Covered Executives&#x201d;) to be eligible to receive bonuses hereunder.</font></p>
 <p style="text-indent:6.667%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#333333;white-space:pre-wrap;font-size:10.5pt;font-family:Arial;min-width:fit-content;"> </font></p>
 <div style="margin-left:3.333%;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:12pt;min-width:3.333%;text-align:left;"><font style="color:#333333;white-space:pre-wrap;font-weight:bold;text-decoration:underline;font-size:10.5pt;font-family:Arial;min-width:3.447919145106397%;display:inline-flex;justify-content:flex-start;">3.</font><div style="width:100%;display:inline;"><font style="color:#333333;white-space:pre-wrap;font-weight:bold;text-decoration:underline;font-size:10.5pt;font-family:Arial;min-width:fit-content;">Administration</font></div></div>
 <p style="text-indent:6.667%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><font style="color:#333333;white-space:pre-wrap;font-size:10.5pt;font-family:Arial;min-width:fit-content;">The Committee shall have the sole discretion and authority to administer and interpret the Plan. The specific goals and targets under of the Plan for each performance period shall be determined by the Committee and, once approved, filed with the minutes of the Committee.</font></p>
 <p style="text-indent:6.667%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#333333;white-space:pre-wrap;font-size:10.5pt;font-family:Arial;min-width:fit-content;"> </font></p>
 <div style="margin-left:3.333%;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:3.333%;text-align:left;"><font style="color:#333333;white-space:pre-wrap;font-weight:bold;text-decoration:underline;font-size:10.5pt;font-family:Arial;min-width:3.447919145106397%;display:inline-flex;justify-content:flex-start;">4.</font><div style="width:100%;display:inline;"><font style="col