2009 Executive Incentive Plan Targets for Senior Managers

Summary

This document outlines the 2009 Executive Incentive Plan for senior managers, listing target bonus percentages based on each executive's base salary. The plan specifies how bonuses are calculated depending on the achievement of performance targets, with a sliding scale for bonus multipliers. The compensation committee sets the targets and retains discretion over final awards. The plan applies to named executives including Gary D. Blackford, Rex T. Clevenger, and others.

EX-10.21 6 a09-1755_1ex10d21.htm EX-10.21

Exhibit 10.21

 

2009 Executive Incentive Plan Targets

 

Senior Manager

 

2009 Executive Incentive Plan Target
as a Percent of 2009 Base Salary

 

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

 

60

%

 

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