Expand our current solutions to existing and new customers. Our small UAS and PosiCharge products and services are leaders in their respective North American markets. We intend to increase the penetration of our small UAS products within the U.S. military, the militaries of allied nations and non-military U.S. customers. We believe that the increased use of our small UAS in the U.S. military will be a catalyst for increased demand by allied countries, and that our efforts to pursue new applications will help to create non-military opportunities. We similarly intend to increase the penetration of PosiCharge to existing and new customers in North America and globally. Early adopters of PosiCharge are now deploying it in additional
EX-10.10 4 a22303a2exv10w10.htm EXHIBIT 10.10 exv10w10
Exhibit 10.10
Date: | 20___ | |
To: | ||
From: | Tim Conver | |
Subject: | FY 20___ Bonus Plan |
This will confirm your participation in the Management Bonus Plan (you will not participate in the Employee Bonus Plan), which is part of the 2006 Incentive Award Plan. Your Management Bonus Plan is based % on [target criteria].
| Bonus Amount | % Bonus | |
| at 100% Performance | Based on [target criteria] | |
| $ | ___% |
The [target criteria] target is $ .
The bonus pay-out for performance over and under target will vary: 100% bonus at 100% target, 125% bonus at 125% target, 50% bonus at 75% target. No bonus will be earned below 75% performance and no additional bonus will be earned above 125% performance. Bonuses will not be paid until after the financial audit is complete, usually not before 7/15, and you must be an employee at the time of pay-out to be eligible for the bonus plan. This plan can be modified by management.
