2017 Cash Bonus Plan

EX-10.1 2 amended2017cashbonusplan.htm EXHIBIT 10.1 Exhibit

Exhibit 10.1

2017 Cash Bonus Plan

Eligible Employees: Executive Officers, Vice Presidents, Directors, Managers, and Individual Contributors


•	Bonus target payouts based on a percentage of base salary;


•	Payouts to CEO, CFO , COO and Vice President, General Counsel & Secretary will be entirely based on achievement of certain minimum targets, and 200% payable upon the achievement of certain maximum target levels;


•	Payouts to other VPs are based 50% on corporate targets, and 50% on management business objectives;


•	Payouts to Directors are based 30% on corporate targets, and 70% on management business objectives;


•	Payouts to Managers are based 0% on corporate targets, and 100% on management business objectives;


•	Payouts to Individuals Contributors are based 0% on corporate targets, and 100% on management business objectives;


•	Bonus targets are as follows (expressed as a percentage of base salary):



		Target Payout		Financial Weight (Adj. EBITDA)		Management Business Objectives Weight
CEO		75%		100%		0%
CFO		50%		100%		0%
COO		50%		100%		0%
VP & General Counsel		40%		100%		0%
VPs		25%		50%		50%
Directors		15%		30%		70%
Managers		10%		0%		100%
Individual Contributors		5%		0%		100%