2007 Executive Incentive Plan Targets Senior Manager 2007 Executive Incentive Plan Target as a Percentage of 2007 Base Salary Gary D. Blackford 85% Rex T. Clevenger 75% Timothy W. Kuck 70% Joseph P. Schiesl 70% Jeffrey L. Singer 70% Walter T. Chesley 65% David G. Lawson 65% Diana Vance-Bryan 65% Target Achievement * Bonus Payout 110% 200% 105% 150% 100% 100% 99% 90% 98% 80% 97% 70% 96% 60% 65% 50% 94% 40% 93% 30% <93% zero
Contract Categories:
Human Resources
- Bonus & Incentive Agreements
EX-10.11 3 a5356432-ex1011.htm EXHIBIT 10.11 Exhibit 10.11
Exhibit 10.11 |
2007 Executive Incentive Plan Targets | |
| |
Senior Manager | 2007 Executive Incentive Plan Target as a Percentage of 2007 Base Salary |
Gary D. Blackford | 85% |
Rex T. Clevenger | 75% |
Timothy W. Kuck | 70% |
Joseph P. Schiesl | 70% |
Jeffrey L. Singer | 70% |
Walter T. Chesley | 65% |
David G. Lawson | 65% |
Diana Vance-Bryan | 65% |
Target Achievement * | Bonus Payout |
110% | 200% |
105% | 150% |
100% | 100% |
99% | 90% |
98% | 80% |
97% | 70% |
96% | 60% |
65% | 50% |
94% | 40% |
93% | 30% |
<93% | zero |
* The target is set by the compensation committee and the board of directors | |||||||
Scale Methodology | |||||||
Directionally, every 1% variance to Target has a 10 times multiplier, with bookends | |||||||
at 110% and 93%, subject to to the discretion of the compensation | |||||||
committee and the board of directors. |