Executive Officer Bonus Plan (FY 2008, as Amended) for Rob Eberle
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Summary
This agreement outlines the bonus plan for executive officer Rob Eberle for fiscal year 2008. The bonus is based on achieving specific revenue and operating income targets, each weighted at 50%, with 67% of the bonus tied to these financial metrics and 33% based on key management objectives. Bonuses are paid quarterly, with a maximum opportunity of 120% of base salary, provided minimum performance thresholds are met. The Board retains discretion to adjust bonus amounts or award additional bonuses based on company performance or other factors.
EX-10.1 2 q2ex101.htm EXECUTIVE OFFICER BONUS PLAN - FY2008, AS AMENDED q2ex101.htm
Exhibit 10.1
Executive Officer Bonus Plan – FY 2008, as amended
| Assumptions: | | |
| Focus | | Operating Income weighted 50%, Revenue weighted 50%, 67% of overall bonus opportunity |
| Payment | | Quarterly |
| Opportunity | | 120% of Base Salary |
| Quarterly Minimums | | 80% of revenue and operating income plan |
| Board Discretion | | This bonus table is for guideline purposes only - actual amounts may vary |
| Executive | | Rob Eberle |
| Operating Income | ||||||||||||
| % Revenue | Above 80% | Above 90% | 100% | Above 100% | Above 110% | Above 120% | ||||||
| 80% | 20% | 25% | 35% | 45% | 55% | 65% | ||||||
| 85% | 25% | 30% | 45% | 55% | 65% | 75% | ||||||
| 90% | 30% | 35% | 55% | 65% | 75% | 85% | ||||||
| 95% | 35% | 45% | 65% | 75% | 85% | 90% | ||||||
| 100% | 40% | 55% | 75% | 85% | 90% | 95% | ||||||
| 105% | 45% | 65% | 85% | 90% | 95% | 100% | ||||||
| 110% | 50% | 75% | 90% | 95% | 100% | 100% | ||||||
In addition to the above table, 33% of overall quarterly bonus opportunity will be earned based on achievement of key management objectives established at the beginning of the fiscal year.
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 Compensation Committee’s discretion is warranted.
