Above 80%

EX-10.1 2 dex101.htm FORM OF OFFICER EXECUTIVE BONUS PLAN FOR 2005 Form of Officer Executive Bonus Plan for 2005

Exhibit 10.1

 

Form of Executive Officer Bonus Plan – 2005

 

Assumptions:

 

Focus

  

Operating Income weighted 60%, Revenue weighted 40%

Payment

  

Quarterly

Opportunity

  

Total quarterly opportunity is $[target amount].

 

At plan of 100% of revenue and operating income per quarter the bonus would be $[target amount] which is 54% of the total opportunity.

 

At plan of 125% of revenue and operating income per quarter the bonus would be $[target amount] which is 100% of the total opportunity.

Quarterly Minimums

  

Break even, 80% of revenue plan

Board Discretion

   This bonus table is for guideline purposes only – actual amounts may vary. In addition, the Board may in its discretion award bonuses on a quarterly or annual basis based on operating performance, corporate events or other circumstances which in the Board’s discretion is warranted.

Executive

  

[Name]

 

Quarterly Bonus Potential Table

 

%Revenue

    Operating Income
  
   Break
Even
    

Above

80%

    

Above

90%

    

100%

     Above
100%
     Above
110%
     Above
120%
  

Under 80%

    10 %   16 %   22 %   34 %   40 %   52 %   64 %

80%

    14 %   20 %   26 %   38 %   44 %   56 %   68 %

85%

    18 %   24 %   30 %   42 %   48 %   60 %   72 %

90%

    22 %   28 %   34 %   46 %   52 %   64 %   76 %

95%

    26 %   32 %   38 %   50 %   56 %   68 %   80 %

100%

    30 %   36 %   42 %   54 %   60 %   72 %   84 %

110

    38 %   44 %   50 %   62 %   68 %   80 %   92 %

125

    46 %   52 %   58 %   70 %   76 %   88 %   100 %