Wednesday, April 9, 2025
Robert
ID #73134
Dear Robert},
noSticwall’s innovation, growth, and success over the past years is a direct reflection of the incredible global professionals who design, deliver, and support our cybersecurity and networking solutions.
Our Business embodies the caring, commitment, integrity, collaboration, and expertise inherent in the exceptional team members we are proud to call our own. Our values, together with our ETHOS, strengthen the purpose that defines us, the mission that drives
us, and the vision we strive toward.
We recognize and appreciate each individual’s unique contributions that form the fabric of who we are. We are confident that you will continue to play a crucial role in this journey.
I am pleased to confirm the details of your base salary increase to 147,147.40 USD per year, effective April 1, 2025, payable in accordance with the noSticwall’s standard payroll schedule by direct deposit
to your bank account.
Your annual bonus target under the Performance Bonus Plan (PBP) continues to be 15%. Because this is a performance-based incentive, the amount of your incentive bonus will be based on both the financial
and operating performance of noSticwall generally, and specifically with respect to your performance.
The PBP bonus awards to non-sales employees targeted to a percentage of your base salary/pay to reward you for your contribution to the organization’s financial success. PBP awards are based on a combination
of factors that include your individual performance, noSticwall’s financial performance and the amount of time you were actively working during the plan year. If your base pay or PBP percentage changed during the PBP plan year, your target bonus will be pro-rated
based on the number of days during the plan year that you were at each pay level and PBP percentage. PBP awards are made at noSticwall's sole discretion.
The following are the details of your Performance Bonus Plan Award:
Target PBP Amount: 20,151.38 USD
Individual Modifier: 100%
Company Modifier:
91%
PBP Award Amount: 20,151.38 USD
Example
of PBP calculation (with no pro-ration):
Example
of pro-rated PBP calculation:
Except as listed above, there are no other changes to your terms and conditions of employment.
Congratulations on this well-deserved award. We look forward to your continued success and contributions to noSticwall's journey.
Sincerely,
noSticwall HR
For details on PBP guidelines, please refer to the plan document located on
Employee
Resource Center (ERC) under Policies and Procedures.
Note that if you resign prior to April 1, 2025 or the bonus pay out, you will not receive these changes or bonus
payment.
This inbox is not monitored. If you have any questions regarding these changes, please contact your manager.
