Carmike Cinemas, Inc. 2007 Cash Bonus Targets for Named Executive Officers
This document outlines the 2007 cash bonus targets for Carmike Cinemas, Inc.'s named executive officers, including the CEO, COO, CFO, and other senior executives. Each officer has a specified bonus target amount, with payouts based on achieving certain financial (bonus EBITDA) and non-financial objectives. Actual bonuses may be higher or lower than the targets depending on performance. The CEO's bonus target is set according to his employment agreement.
Exhibit 10.2
CARMIKE CINEMAS, INC.
2007 CASH BONUS TARGETS FOR THE NAMED EXECUTIVE OFFICERS
| Named Executive Officer | 2007 Bonus Target (1) | |||
| Michael W. Patrick President, Chief Executive Officer and Chairman of the Board of Directors | $ | 425,000 | (2) | |
| Fred W. Van Noy Senior Vice President and Chief Operating Officer | $ | 150,000 | ||
| Richard B. Hare Senior Vice President – Finance, Treasurer and Chief Financial Officer | $ | 150,000 | ||
| Lee Champion Senior Vice President, General Counsel and Secretary | $ | 100,000 | ||
| Anthony J. Rhead Senior Vice President – Entertainment and Digital | $ | 125,000 | ||
| (1) | A portion of the bonus target is tied to the achievement of specified levels of bonus EBITDA; and a portion of the bonus target is tied to non-financial objectives. Depending on actual performance, the actual bonus may be more or less than the target amount. |
| (2) | Mr. Patrick’s bonus target is set pursuant to the terms of his employment agreement with the Company effective as of January 31, 2002. |
