2014 Cash Bonus Plan for Executives

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2014 Cash Bonus Plan for eligible executives, including the CEO, CFO, Division Executives, Vice Presidents, and Senior Directors. Bonuses are determined by company performance against set targets, with payouts ranging from 80% to 120% of the target based on results. The bonus amount is a percentage of each executive's base salary and is distributed quarterly, with the largest portion in the fourth quarter. The plan specifies different performance metrics and payout percentages for each executive role.

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EX-10.7 3 d653001dex107.htm EX-10.7 Prepared by R.R. Donnelley Financial -- EX-10.7

Exhibit 10.7

2014 CASH BONUS PLAN

Eligible Executives: CEO, CFO, Division Executives, VPs, Senior Directors

 

  •   Bonus pool is funded by achievement of payout targets with an 80% threshold, 100% target and 120% maximum, with ratable payouts in between

 

  •   Bonus target payouts based on a percentage of base salary

 

  •   Bonus are weighted 20% in Q1, 20% in Q2, 20% in Q3 and 40% in Q4

 

  •   Payouts to the CEO and CFO will be weighted as follows:

 

  •   40% based on consolidated revenue growth

 

  •   30% based on EBITDA

 

  •   15% based on growth of mobile

 

  •   15% based on B2B growth

 

  •   Payouts to the remaining executives will have weighted factors commensurate with job duties and divisional responsibilities

 

     Bonus as a Percentage of Base Salary  
     At minimum (80%)     At 100%     At maximum (120%)  
CEO      48 %      60 %      72 % 
CFO      20 %      40 %      48 % 
Division Executives      22 %      35 %      42 % 
VPs      varies        25 %      varies   
Senior Directors      varies        20 %      varies