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EX-10.13 15 b86908exv10w13.htm EX-10.13 exv10w13
Exhibit 10.13
Corporate Bonus Plan — 2010
Revised
Revised
Threshold
For any payout, the Company must meet or exceed both of the following targets:
Total revenue of $41,750,000
| • | includes both commercial & government |
and,
Achieve EBITDA positive results for Q3 and Q4 of 2010
The Incentive Plan:
| • | Direct Reports of the CEO |
| • | 20% of salary at threshold | ||
| • | Additional 3% of salary for every 1% that revenue exceeds plan |
Example: Company achieves $43,158,500 in total revenue, or 3.37365% above plan. The participant with a base salary of $200,000 would earn 20.00% of salary or $40,000.00 for the Company having achieved Threshold and an incremental 10.12096% of salary or $20,241.92 for a total bonus payout of $60,241.92.
Corporate Bonus Plan — 2010
Revised
Revised
Threshold
| For any payout, the Company must meet or exceed both of the following targets: |
| Total revenue of $41,750,000 |
| • | includes both commercial & government |
and,
Achieve EBITDA positive results for Q3 and Q4 of 2010
The Incentive Plan:
| • | Key Employees |
| • | 15% of salary at threshold | ||
| • | Additional 2% of salary for every 1% that revenue exceeds plan |
Example: Company achieves $43,158,500 in total revenue, or 3.37% above plan. The participant with a base salary of $100,000 would earn 15.00% of salary or $15,000 for the Company having achieved Threshold and an incremental 6.74731% of salary or $6,747.31 for a total bonus payout of $21,747.31.
Corporate Bonus Plan — 2010
Revised
Revised
Threshold
For any payout, the Company must meet or exceed both of the following targets:
Total revenue of $41,750,000
| • | includes both commercial & government |
and,
Achieve EBITDA positive results for Q3 and Q4 of 2010
The Incentive Plan:
| • | CEO |
| • | 30% of salary at threshold | ||
| • | Additional 4% of salary for every 1% that revenue exceeds plan |
Example: Company achieves $43,158,500 in total revenue, or 3.37365% above plan. The participant with a base salary of $300,000 would earn 30.00% of salary or $90,000.00 for the Company having achieved Threshold and an incremental 13.4946% of salary or $40,483.80 for a total bonus payout of $130,433.80.
