FY07 Compensation Plan For Dave Laverty

Exhibit 10.50



Dave Laverty


Senior Vice President, Chief Marketing Officer
FY07 Compensation Plan


Effective Date: March 1, 2006 to February 28, 2007





Cash Compensation Elements (All in US $)


Annual Base Salary $285,000
Annual Incentive @ 100% $165,000
Annual Total Target Income @ 100% $450,000



Equity Compensation Elements


Stock Option Grant 50,000 Options
Target Restricted Stock Unit Grant @ 100% 10,000 RSUs



FY07 Executive Incentive Grid (Share in Success Plan)



The Share In Success Grid appearing below (" SIS Grid ") is designed to reward achievement based on Operating Margin and Revenue performance, and to discourage the achievement of one performance metric at the expense of the other. If threshold performance is not achieved on either performance metric, the FY07 corporate factor from the SIS Grid will be zero. Otherwise, the number at the intersection of the results of the two (2) metrics will be multiplied by the result of the Customer Loyalty Factor appearing in the table below to determine the " SIS Factor " This will be multiplied by your Annual Target Incentive and Target Restricted Stock Unit Grant to determine the actual amounts in each case. The impact of the Customer Loyalty Factor ranges from 90% to 110%. The maximum SIS Factor is 200%.

EXECUTIVE INCENTIVE GRID (DESCRIBED ABOVE) INTENTIONALLY DELETED




FY07 Customer Loyalty Factor Grid



The Customer Loyalty Factor will be the average of the quarterly scores from the customer loyalty survey which measures customer loyalty through repurchase intentions and customer referenceability.

CUSTOMER LOYALTY FACTOR GRID (DESCRIBED ABOVE) INTENTIONALLY DELETED

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General Terms



This Compensation Plan contains the details of your compensation for Fiscal Year 2007 (" FY07 "). It forms part of your Employment Agreement with Cognos. All compensation amounts are in United States Dollars.

1) HRC Approval. The Human Resources & Compensation Committee of the Board of Directors of Cognos Incorporated (" Committee ") approved this Compensation Plan on April 5, 2006 and it is binding between you and Cognos when signed by both parties.


2) FY07 Incentive Payment. Your FY07 Annual Incentive payment (" FY07 Incentive Payment ") will be determined as set out in the section above entitled " FY07 Executive Incentive Grid (Share in Success) ".


3) FY07 RSU Grant. Your FY07 Restricted Stock Unit Grant (" FY07 RSU Grant ") will be determined as set out in the section above entitled " FY07 Executive Incentive Grid (Share in Success) ".


The restricted share units ...