2010 Executive Incentive Plan Targets for Senior Managers
This document outlines the 2010 Executive Incentive Plan for senior managers at the company, listing target bonus percentages based on each executive's base salary. The plan specifies how bonuses are calculated depending on the achievement of set targets, with a multiplier applied to the bonus amount based on performance. The compensation committee sets the targets and retains discretion over final awards. If performance falls below 93% of the target, no bonus is awarded.
Exhibit 10.21
2010 Executive Incentive Plan Targets
| Senior Manager |
| 2010 Executive Incentive Plan Target |
|
| Gary D. Blackford |
| 85% |
|
| Rex T. Clevenger |
| 75% |
|
| Timothy W. Kuck |
| 70% |
|
| Jeffrey L. Singer |
| 70% |
|
| Walter T. Chesley |
| 65% |
|
| Diana Vance-Bryan |
| 65% |
|
| David Lawson |
| 65% |
|
| William Heintze |
| 65% |
|
| Target Achievement* |
| Bonus Multiplier |
|
| 110% |
| 150% |
|
| 105% |
| 125% |
|
| 100% |
| 100% |
|
| 99% |
| 95% |
|
| 98% |
| 90% |
|
| 97% |
| 85% |
|
| 96% |
| 80% |
|
| 95% |
| 75% |
|
| 94% |
| 70% |
|
| 93% |
| 65% |
|
| <93% |
| Zero |
|
* The target is set by the compensation committee
Scale Methodology
Directionally, every 1% variance to Target has a 5 times multiplier, with bookends at 110% and 93%, subject to the discretion of the compensation committee
