At 90% of Target
EX-10.II 18 exhibit10-ii.htm 2005 MANAGEMENT INCENTIVE PLAN 2005 Management Incentive Plan
EXHIBIT 10-ii
Analysts International Corporation
Summary of 2005 Management Incentive Compensation Plan
The following is a summary of the Company’s incentive compensation plan for fiscal year 2005. Employees set forth below are eligible to receive the indicated percentages of Gross Base Salary upon achieving certain pre-tax profit targets of the Company. Certain non-executive employees’ incentive compensation will be based on pre-tax profit and revenue growth targets set by the Company.
At 90% of Target | At 100% of Target | At 120% of Target | At 200% of Target | |
CEO | 20% | 30% | 70% | 140% |
President | 20% | 30% | 60% | 120% |
Other Executives1 | 20% | 30% | 50% | 100% |
General Managers | 10% | 20% | 40% | 80% |
At 90% of Target | At 100% of Target | At 110% of Target | At 150% of Target | |
Area Managers | 10% | 20% | 40% | 80% |
At any point between the performance percentages presented above, the covered employees may be eligible to receive a pro-rata payout. For example, at 95% of plan the CEO would receive a 25% payout.
Payments are subject to other eligibility requirements.
1 The term “Other Executives” refers to the Chief Operating Officer, General Counsel, Chief Financial Officer/Treasurer, Senior Vice President of Business Development/Strategy, and the Chief Information Officer.