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Quotes & Info
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| INFA > SEC Filings for INFA > Form 8-K on 30-Jan-2013 | All Recent SEC Filings |
30-Jan-2013
Change in Directors or Principal Officers
2013 Corporate Bonus Plan
On January 26, 2013, the Compensation Committee (the "Committee") of the Board of Directors of Informatica Corporation ("Informatica") approved the allocations, methodologies, and metrics for the payment of bonuses for fiscal 2013, if any, to Informatica's executive officers.
Aggregate cash bonus amounts range between 80% and 105% of base salary per executive officer at the target level of achievement. Each officer's actual bonus will be determined based on the achievement of performance goals related to license bookings and non-GAAP operating income. The target levels of the performance goals are measured on a semi-annual basis. Bonuses are paid out after the second calendar quarter for performance achieved in the first half of the year, and after the fourth calendar quarter for performance achieved in the second half of the year. There is no payout for achievement at 80% or less of the target level for that semi-annual period. In addition, it is possible to exceed the target level of achievement and receive a bonus payout in excess of the amount payable at the target level, up to a maximum of 200% of the target bonus amount. The Committee reviews, approves and has discretion to adjust the actual achievement levels and the bonus payments for all participants.
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