American Electric Technologies, Inc. Salary Plan
Exhibit 10.27
American Electric Technologies, Inc.
Salary Plan
Name of Participant:
The Board of Directors at its meeting approved the following salary plan for you for:
| Base Salary | = $ | |||
| Bonus Salary | = $ | |||
| Total Expected Salary | = $ | |||
| Restricted Stock Units | shares (performance variable) |
The calculation of your bonus is $ multiplied by performance against goals and the weight of each goal. Your goals and weighting are:
| GOAL | WEIGHT | |
| AETI EBT | % | |
| M&I EBT(excl. intl) | % | |
| Meeting Corporate Goals | % | |
| Balance Sheet Metrics | % | |
| Safety | % | |
| Non Quantifiable Objectives | % |
All income calculations are based on internal 12/31/xx income statements excluding significant non- recurring gains or losses (at management’s discretion). Income items must meet a minimum 75% attainment. Financial goals are capped at 150%.
Payments will be made no later than 3/15/xx, and participant must be on the payroll at that time to be eligible.
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| Participant | President and CEO |
