Aware adopts 2024 Executive Bonus Plan with revenue and cash flow targets for four named executives

AWARE INC /MA/

Target bonuses: CEO Eckel $159,135; CRO Herman $250,000; CTO Lazzouni $153,181; CFO Traverse $50,000.
Bonuses weighted 70% on financial goals (revenue & cash flow) and 30% on individualized operational goals.
Revenue goal: 50% payout at 85% of target, 100% at 100%, with up to 150% payout at 110% of target.
Cash flow goal: linear payout similar to revenue; Eckel, Lazzouni, Traverse weighted 50/50 revenue/cash flow; Herman 85/15.
Operational goals include ARR targets, cost savings, strategic partner signings, and GAAP net income target.

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