aryaka aryaka

Aryaka Networks, Inc. (“Company”) remains committed to providing its employees with a fair and competitive compensation program to attract, retain, and reward high performance. The Company is committed to providing employees with compensation packages that are aligned with the achievement of its corporate goals. The Company’s Board of Directors (“Board”) has approved a one- time discretionary bonus (“FY2023 Bonus”) for Fiscal Year 2023 (“FY2023”) which shall be dependent on the performance of Company.

I.Eligibility

A.Eligible:

    1. Aryaka employees currently not participating in any other bonus, commission or variable pay plan;
    2. Aryaka employees who received a satisfactory performance review (i.e., “Met Expectations” criteria or above in India; or a Rating of 3 “Met Expectations” or above in the U.S. and the Rest of World [“ROW”]) during the FY2023 performance review cycle; AND
    3. Regional Criteria:
    4. a.U.S.
      • Full-time permanent Aryaka employees only. Must have a hire date prior to June 30, 2023, and still be actively employed by Aryaka on the FY2023 Bonus pay out date, currently scheduled to be on or about August 31, 2023.
    5. b.India
      1. Full-time permanent Aryaka employees only. Must have a hire date prior to June 30, 2023, and still be actively employed by Aryaka on the FY2023 Bonus pay out date, currently scheduled to be on or about August 31, 2023.
      2. Contractors who have been with the Company for a minimum of two years at the start of FY2023 still actively working with Aryaka on the FY2023 Bonus pay out date, currently scheduled to be on or about August 31, 2023.
    6. c.ROW
      • Full-time permanent Aryaka and Professional Employer Organization (also referred to as “PEO”) employees only. Must have an Aryaka hire/engagement date prior to June 30, 2023, and still be actively working with Aryaka on the FY2023 Bonus pay out date, currently scheduled to be on or about August 31, 2023.
  • B.     Ineligible:
    1. Employees currently participating in another bonus, commission or variable pay plan;
    2. Seasonal employees, interns, temporary employees, part-time employees, contractors outside India and contractors in India who have been with the company for less than 2 years;
    3. Employees who have resigned or submitted their resignation on or before the pay out date;
    4. Employees who have been terminated for cause on or before the pay out date; AND
    5. Employees who were on a performance improvement plan at any point during FY202

II. FY2023 Bonus Target

  • Your individual FY2023 Bonus target (“FY2023 Bonus Target”) will be a percentage of your base salary at the beginning of FY2023 (July 1, 2022), or when you first joined Aryaka, if later. HR will provide your FY2023 Bonus Target.

III. FY2023 Bonus Calculations

  1. FY2023 Bonus achievement shall be determined following the completion of FY2023.
  2. FY2023 Bonus pay out will be at the sole and absolute discretion of the Board and may be based on the following success factors achieved during FY2023. These factors may include but shall not be limited to:
    • a. Achievement of Net Monthly Recurring Revenue goals,
    • b. Achievement of Company Gross Margin goals, and
    • c. Achievement of Company Cash Utilization goals.
  3. Employees who were employed by Aryaka for all of FY2023 will be eligible for the full bonus amount.
  4. Employees who were employed for less than all of FY2023 will be eligible to receive a prorated amount based on their length of employment throughout FY2023.