Attached files
| file | filename |
|---|---|
| 10-K - 10-K - ARI NETWORK SERVICES INC /WI | aris-20160731x10k.htm |
| EX-32.2 - EX-32.2 - ARI NETWORK SERVICES INC /WI | aris-20160731xex32_2.htm |
| EX-32.1 - EX-32.1 - ARI NETWORK SERVICES INC /WI | aris-20160731xex32_1.htm |
| EX-31.2 - EX-31.2 - ARI NETWORK SERVICES INC /WI | aris-20160731xex31_2.htm |
| EX-31.1 - EX-31.1 - ARI NETWORK SERVICES INC /WI | aris-20160731xex31_1.htm |
| EX-23.1 - EX-23.1 - ARI NETWORK SERVICES INC /WI | aris-20160731xex23_1.htm |
| EX-21.1 - EX-21.1 - ARI NETWORK SERVICES INC /WI | aris-20160731xex21_1.htm |
Management Incentive Bonus Plan FY2016
The Management Incentive Bonus Plan (“MIBP”) is the executive bonus plan for all executives. The plan includes two key performance targets for ARI, Adjusted EBITDA and Recurring Revenue (“RR”), each worth 50% of the total on target bonus potential. Based on the company’s performance in those two areas, the following Grids dictate the ultimate payout of the MBO bonus as a percentage:
Management Bonus Grid
FY 2016
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Recurring Revenue Growth: |
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% of plan |
payout % |
incremental increase |
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1st break |
70% | 50.00% | 1.50 | |||
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2nd break |
80% | 65.00% | 2.00 | |||
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3rd break |
90% | 90.00% | 1.00 | |||
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4th break |
100% | 110% | 2.00 | |||
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5th break |
110% | 120% | 3.00 | |||
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6th break |
>120% |
see note 1 |
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Adjusted EBITDA Growth: |
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% of plan |
payout % |
incremental increase |
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1st break |
70% | 50.00% | 1.50 | |||
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2nd break |
80% | 65.00% | 2.00 | |||
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3rd break |
90% | 90.00% | 1.00 | |||
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4th break |
100% | 110.00% | 2.00 | |||
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5th break |
110% | 120.00% | 3.00 | |||
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6th break |
>120% |
see note 1 |
Note 1: >120% payment % is at Compensation Committee discretion for Executives; CEO for non‐executives.
Note 2: No bonus earned for specific target if actual results for that target are < 70% achievement.
Note 3: >100% multiplier earned only if achievement is at least 100% on both targets.
Note 4: >120% payment % is at Compensation Committee discretion for Executives; CEO for non‐executives.