2016 Cash Bonus Plan for Executive Officers and Employees

Summary

This agreement outlines the 2016 Cash Bonus Plan for executive officers, vice presidents, directors, managers, and individual employees. Bonus payouts are determined as a percentage of base salary and are based on achieving specific corporate financial targets and management objectives. The plan specifies different payout structures and maximum bonus percentages for each employee group, with higher-level executives' bonuses tied more closely to company-wide financial performance. The plan sets clear criteria for bonus eligibility and payout calculations for the year 2016.

EX-10.1 2 a2016cashbonusplan.htm EXHIBIT 10.1 Exhibit

Exhibit 10.1

2016 Cash Bonus Plan

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


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


•	Payouts to CEO, CFO and CMO will be entirely based on achievement of corporate revenue, EBITDA, and free cash flow targets with 50% payable upon the achievement of certain minimum target levels, and 100% payable upon the achievement of certain maximum target levels.


•	Payouts to VP's are based 50% on the above corporate targets, and 50% based on management business objectives.


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


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


•	Payouts to Individuals are based 0% on the above corporate targets, and 100% based on management business objectives.


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



CEO	75%
CMO	50%
CFO	50%
VPs	25%
Directors	15%
Managers	10%
Individual	5%