2015 Cash Bonus Plan for Executive Officers, VPs, Directors, and Managers
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Summary
This agreement outlines the 2015 Cash Bonus Plan for executive officers, vice presidents, directors, and managers. Bonus payouts are determined as a percentage of base salary and are based on achieving specific corporate EBITDA targets and management business objectives. The plan specifies different payout structures and maximum bonus percentages for each role, with the highest bonuses for the CEO, CFO, and CMO. The plan sets clear criteria for bonus eligibility and payout levels based on performance.
EX-10.1 2 d871131dex101.htm EX-10.1 EX-10.1
Exhibit 10.1
2015 CASH BONUS PLAN
Eligible Executives: Executive Officers, Vice Presidents, Directors and Managers
| • | Bonus target payouts based on a percentage of base salary. |
| • | Payouts to CEO, CFO and CMO will be entirely based on achievement of corporate EBITDA targets with 50% payable upon the achievement of certain minimum target levels, 75% payable upon the achievement of certain mid-level target levels, and 100% payable upon the achievement of certain maximum target levels. |
| • | Payouts to VPs 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. |
| • | Maximum Bonus Amounts are as follows (expressed as a percentage of base salary): |
| CEO | 75% | |
| CFO | 50% | |
| CMO | 50% | |
| VPs | 25% | |
| Directors | 15% | |
| Managers | 10% |
