2017 Cash Bonus Plan for Executive Officers and Employees

Summary

This agreement outlines the 2017 Cash Bonus Plan for executive officers, vice presidents, directors, managers, and individual contributors of the company. Bonus payouts are determined as a percentage of base salary and are based on achieving specific financial and management objectives. The plan specifies different payout structures and target percentages for each employee group, with higher-level executives' bonuses tied entirely to financial targets and other employees' bonuses based on a mix of corporate and individual objectives. Maximum payouts can reach up to 200% of the target for certain executives if maximum targets are achieved.

EX-10.1 2 a2017cashbonusplan.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%