2006 Executive Bonus Plan for Executive Officers

Summary

This agreement outlines the 2006 Executive Bonus Plan, which provides annual incentive bonuses to executive officers based on meeting specific financial and personal objectives. The Board of Directors sets the financial targets each year, including revenue, net income, same store sales, system-wide location growth, and retention rates. The CEO and CFO can earn up to 103% of their base salary for financial goals and an additional 20% for personal goals, while other executives can earn up to 76% and 15%, respectively. Bonuses are only paid if minimum performance thresholds are met.

EX-10.18 6 a5091516ex10_18.txt EXHIBIT 10.18 EXHIBIT 10.18 2006 EXECUTIVE BONUS PLAN Our Executive Bonus Plan for 2006 is designed to provide an annual incentive bonus to executive officers based on the achievement of certain financial objectives, as well as achievement of personal objectives. The financial objectives are set annually by our Board of Directors. Payments under the bonus plan that are based on the achievement of the following financial objectives: revenue, net income, same store sales increases, increase in system-wide locations, and retention/turnover percentage. The Chief Executive Officer and Chief Financial Officer may receive bonuses of up to 103% of their base salary for achieving financial objectives, and up to an additional 20% of base salary for achieving of personal objectives. Other executive officers may receive bonuses of up to 76% of their base salary for achieving financial objectives, and up to an additional 15% of their base salary for achieving personal objectives. The level of financial objective bonus received varies based upon the percentage of the objective that we achieve. If a certain minimum percentage for an objective is not achieved, no bonus is paid for that objective.