Annual Support Center and Field Management Bonus Plan Description

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document describes the company's Annual Support Center and Field Management Bonus Plan, which provides eligible employees—including Vice Presidents, Senior Directors, Directors, and certain managers—the opportunity to earn annual cash bonuses between 10% and 50% of their base salary. Bonus amounts depend equally on company-wide performance goals and individual performance objectives, both set and certified by the board of directors each fiscal year. No bonuses are paid if the company does not meet its corporate performance goal, which is typically based on Adjusted EBITDA or sales targets for specific roles.

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EX-10.1 2 g01812exv10w1.txt EX-10.1 DESCRIPTION OF ANNUAL BONUS PLAN Exhibit 10.1 DESCRIPTION OF ANNUAL SUPPORT CENTER AND FIELD MANAGEMENT BONUS PLAN Under our Annual Support Center and Field Management Bonus Plan, which is an unwritten plan, our Vice Presidents, Senior Directors and Directors, Director of Operations, Regional Human Resources Managers, Regional Training Managers and District Managers are eligible to receive cash bonuses ranging from 10% to 50% of base compensation each year. The total amount of bonus paid is based (1) 50% on the achievement of a certain corporate performance goal and (2) 50% on the individual participant's performance as compared to pre-determined goals and objectives. Each fiscal year, our board of directors sets the performance goal for this plan to be achieved. After the completion of a fiscal year, the board of directors certifies whether the performance goal has been met and awards bonuses. No bonuses are paid if we do not meet the corporate performance goal. Except for our Vice President of Global Franchising and Vice President of Business Development and Commercial Sales, our board of directors has set a corporate performance goal of achieving a set level of Adjusted EBITDA for each year. For our Vice President of Global Franchising and Vice President of Business Development and Commercial Sales, our board has set a corporate performance goal of achieving a set level of sales for each year.