Description of 2009 Cash Bonus Arrangements for NamedExecutive Officers
Exhibit 10.1
Description of 2009 Cash Bonus Arrangements for Named Executive Officers
| · | Each named executive will be entitled to receive a cash bonus for 2009 equal to a target percentage of that executive’s base salary. | ||
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| · | The maximum bonus for our chief executive officer will be 120% of his base salary. | |
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| · | The maximum bonus for our chief financial officer will be 100% of his base salary. | |
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| · | One half of the bonus will be based upon the Company’s overall financial performance, as measured by the Company’s fully diluted earnings per share for fiscal year 2009. | ||
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| · | One half of the bonus will be based upon each executive’s individual performance, as measured by factors the Compensation Committee may deem appropriate. | ||
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| · | The overall maximum bonus percentages also may be increased or reduced based on the Company’s financial performance. | ||
