![]() You hereby irrevocably assign each such invention, work and matter to the Company. As an employee of the Company, you will have access to confidential information of the Company and certain third parties and you may, during the course of your employment, create inventions, improvements designs, original works of authorship, computer software programs, trade secrets and other matters that will be the sole and exclusive property of the Company. Note that all payments to you will be made after applicable withholdings.Ħ. ![]() The year-end bonus payment will be made approximately 45 days after the completion of the fiscal year and after the Compensation Committee's review and approval of executive bonuses. Since the Effective Date of your employment is beyond the Company’s current mid-fiscal-year, the mid-fiscal-year bonus described in this letter will apply beginning next fiscal year. Your actual mid-fiscal-year bonus amount will be included in the calculation of your annual bonus, meaning that your year-end bonus payment will be equal to your calculated annual bonus amount, less any mid-fiscal-year bonus amount already paid for that fiscal year. Any mid-fiscal-year bonus will be based on the Company's actual achievement of financial performance metrics through the end of the fiscal second quarter. ![]() Under current practices (which may change in the future), you will be paid a mid-fiscal-year bonus of up to 50% of your annualized target bonus but pro-rated for the time you have worked during the fiscal year. Your actual bonus amount will be based on actual achievement of Company financial goal(s), as determined by the Compensation Committee of our Board of Directors ( “ Compensation Committee ” ) and prorated as of the Effective Date (defined below). Your initial annualized target bonus will be 60% of your annual base salary. In addition, you will be eligible to participate in Splunk's Executive Bonus Plan. Your gross base salary will be $370,000 per year, less applicable deductions and withholdings, and paid in accordance with the Company’s standard payroll practices. ![]()
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