Aware, Inc. adopts 2023 Executive Bonus Plan with target bonuses for four officers

AWARE INC /MA/

CEO Robert Eckel target bonus $154,500; CRO Craig Herman $250,000; CTO Mohamed Lazzouni $143,000; CFO David Barcelo $103,000.
Bonuses are 70% tied to financial goals (revenue and operating cash flow) and 30% to individualized operational goals.
50% payout at 85% of financial goals; 100% payout at 100% of goals, with pro-rata calculation between.
If revenue target not met at 85%, operational bonus capped at 75% of eligible amount.
Payment occurs ~45 days after fiscal 2023 close; forfeited if employment terminates for cause or resignation before payout.

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