2005 Executive Incentive Plan Targets
Contract Categories:
Human Resources
- Bonus & Incentive Agreements
EX-10.19 3 dex1019.htm EXECUTIVE INCENTIVE PLAN TARGETS Executive Incentive Plan Targets
Exhibit 10.19
2005 Executive Incentive Plan Targets
| Senior Manager | 2005 Bonus Target % (of 2005 Base Salary unless otherwise indicated) | ||
| Gary D. Blackford | 85 | % | |
| Rex T. Clevenger | 65 | % | |
| Joseph P. Schiesl | 65 | % | |
| Walter T. Chesley | 60 | % | |
| Jeffrey L. Singer | 60 | % | |
| David G. Lawson | 60 | % |
| Target* | Bonus Payout | ||
| 110% | 200 | % | |
| 105% | 150 | % | |
| 100% | 100 | % | |
| 99% | 90 | % | |
| 98% | 80 | % | |
| 97% | 70 | % | |
| 96% | 60 | % | |
| 95% | 50 | % | |
| 94% | 40 | % | |
| 93% | 30 | % | |
| < 93% | zero |
| * | The Target is set by the board of directors |
Scale Methodology
Every 1% variance to Target has a 10x multiplier, with bookends at 110% and 93% EBITDA Achievement. Interpolation between rungs if needed.
