EX-10.21
8X8 INC /DE/
8X8, INC.
EXECUTIVE INCENTIVE COMPENSATION PLAN
Purposes of the Plan. The Plan is intended to reward superior performance by the executive officers of the Company, to motivate them to achieve the Company’s annual financial, operational, and strategic objectives, to align their interests with those of the Company and its stockholders, and to assist the Company in attracting and retaining highly qualified executives.
Definitions.
(a) “Actual Award” means with respect to any Performance Period, the actual cash award (if any) payable to a Participant for such Performance Period as determined by the Committee in accordance with the Plan and its charter, subject to Section 3(e).
(b) “Affiliate” means any corporation or other entity (including, without limitation, a limited liability company, partnership, or joint venture) that is controlled by, or under common control with, the Company.
(c) “Board” means the Board of Directors of the Company.
(d) “CEO” means the Company’s Chief Executive Officer.
(e) “Code” means the Internal Revenue Code of 1986, as amended.
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