Attached files
file | filename |
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10-K - FORM 10-K - Financial Engines, Inc. | f58381e10vk.htm |
EX-32.2 - EX-32.2 - Financial Engines, Inc. | f58381exv32w2.htm |
EX-32.1 - EX-32.1 - Financial Engines, Inc. | f58381exv32w1.htm |
EX-10.2 - EX-10.2 - Financial Engines, Inc. | f58381exv10w2.htm |
EX-31.2 - EX-31.2 - Financial Engines, Inc. | f58381exv31w2.htm |
EX-23.1 - EX-23.1 - Financial Engines, Inc. | f58381exv23w1.htm |
EX-31.1 - EX-31.1 - Financial Engines, Inc. | f58381exv31w1.htm |
EX-10.16 - EX-10.16 - Financial Engines, Inc. | f58381exv10w16.htm |
Exhibit 10.17
Summary of Financial Engines, Inc. Cash Incentive Plan
Financial Engines, Inc. (the Company) maintains a Cash Incentive Plan (the Plan) for the
benefit of its employees, including executive officers.
At the beginning of each fiscal year, the Compensation Committee of the Companys Board of
Directors approves a compensation plan for that fiscal year. The compensation plan generally
includes threshold and target levels for certain Company financial metrics for that fiscal year
based upon the performance goals established through the annual planning process of the full Board
of Directors. If the threshold is not met, no incentive payments are made under the Plan for that
year. If the threshold is met, each participating executive officer is eligible to receive the
cash incentive amount payable at the level of Company financial performance achieved. If the
target level is exceeded, the actual cash incentive payments are adjusted upward based upon the
level of Company financial performance achieved. A separate compensation plan is approved for the
Companys Executive Vice President, Sales and Client Services, based upon specified quarterly and
annual sales objectives. The Compensation Committee may adjust performance targets for any
accounting changes, as well as for any unanticipated unusual items approved by the Board of
Directors.
Annual incentive payments under the Plan are paid as soon as practicable after the end of the fiscal year and
the completion of the financial statements, generally no later than February 28. Incentive payments based
upon quarterly sales objectives are generally paid in the month following the close of the quarter.
Each employee must be employed on the payment date in order to be eligible for payments under the Plan.
The Compensation Committee may also award certain one-time incentive payments under the Plan to
the executive officers in consideration of significant additional responsibility or extraordinary
performance.